BWMX (Betterware de MexicoPI de CV) Piotroski F-Score: 6 (As of Jun. 25, 2026) — Near Median


BWMX Betterware de Mexico SAPI de CV BWMX
90 GF Score
Price $17.75
GF Value $15.98
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Betterware de MexicoPI de CV Piotroski F-Score?

Betterware de MexicoPI de CV BWMX +0.62% 90 Piotroski F-Score is 6 as of Jun. 25, 2026, which is at its 10-year median of 6.00. GuruFocus rates BWMX with a GF Score™ of 90/100 and a GF Value™ of $15.98 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,101 Retail - Cyclical companies, Betterware de MexicoPI de CV ranks better than 73.02% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Betterware de MexicoPI de CV has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Betterware de MexicoPI de CV's Piotroski F-Score or its related term are showing as below:

BWMX' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 6

During the past 9 years, the highest Piotroski F-Score of Betterware de MexicoPI de CV was 7. The lowest was 4. And the median was 6.

Betterware de MexicoPI de CV  (NYSE:BWMX) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Betterware de MexicoPI de CV Piotroski F-Score Related Terms


Betterware de MexicoPI de CV Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Betterware de MexicoPI de CV's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Betterware de MexicoPI de CV Piotroski F-Score Chart

Betterware de MexicoPI de CV Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 5.00 7.00 6.00 6.00 6.00

Betterware de MexicoPI de CV Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 7.00 6.00 6.00

BWMX vs HZO, BBW, ARKO: Piotroski F-Score Comparison

For the Specialty Retail subindustry, Betterware de MexicoPI de CV's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Betterware de MexicoPI de CV Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Betterware de MexicoPI de CV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Betterware de MexicoPI de CV's Piotroski F-Score falls into.


BWMX
90GF Score
Betterware de Mexico SAPI de CV BWMX
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 17.383 + 17.128 + 14.876 + 15.602 = $65.0 Mil.
Cash Flow from Operations was 32.806 + 31.106 + 60.609 + 20.414 = $144.9 Mil.
Revenue was 189.208 + 184.107 + 211.262 + 194.63 = $779.2 Mil.
Gross Profit was 127.031 + 126.067 + 136.62 + 128.993 = $518.7 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(520.786 + 551.288 + 550.559 + 532.771 + 542.022) / 5 = $539.4852 Mil.
Total Assets at the begining of this year (Mar25) was $520.8 Mil.
Long-Term Debt & Capital Lease Obligation was $173.0 Mil.
Total Current Assets was $232.7 Mil.
Total Current Liabilities was $251.4 Mil.
Net Income was 16.584 + -5.717 + 10.803 + 7.4 = $29.1 Mil.

Revenue was 185.009 + 169.139 + 181.172 + 171.039 = $706.4 Mil.
Gross Profit was 125.465 + 113.098 + 121.96 + 113.198 = $473.7 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(655.132 + 601.432 + 551.677 + 501.243 + 520.786) / 5 = $566.054 Mil.
Total Assets at the begining of last year (Mar24) was $655.1 Mil.
Long-Term Debt & Capital Lease Obligation was $182.7 Mil.
Total Current Assets was $235.2 Mil.
Total Current Liabilities was $256.1 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Betterware de MexicoPI de CV's current Net Income (TTM) was 65.0. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Betterware de MexicoPI de CV's current Cash Flow from Operations (TTM) was 144.9. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=64.989/520.786
=0.12479022

ROA (Last Year)=Net Income/Total Assets (Mar24)
=29.07/655.132
=0.04437274

Betterware de MexicoPI de CV's return on assets of this year was 0.12479022. Betterware de MexicoPI de CV's return on assets of last year was 0.04437274. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Betterware de MexicoPI de CV's current Net Income (TTM) was 65.0. Betterware de MexicoPI de CV's current Cash Flow from Operations (TTM) was 144.9. ==> 144.9 > 65.0 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=173.027/539.4852
=0.32072613

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=182.673/566.054
=0.32271303

Betterware de MexicoPI de CV's gearing of this year was 0.32072613. Betterware de MexicoPI de CV's gearing of last year was 0.32271303. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=232.698/251.432
=0.92549079

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=235.17/256.12
=0.91820241

Betterware de MexicoPI de CV's current ratio of this year was 0.92549079. Betterware de MexicoPI de CV's current ratio of last year was 0.91820241. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Betterware de MexicoPI de CV's number of shares in issue this year was 37.314. Betterware de MexicoPI de CV's number of shares in issue last year was 37.289. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=518.711/779.207
=0.66569089

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=473.721/706.359
=0.67065189

Betterware de MexicoPI de CV's gross margin of this year was 0.66569089. Betterware de MexicoPI de CV's gross margin of last year was 0.67065189. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=779.207/520.786
=1.49621342

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=706.359/655.132
=1.0781934

Betterware de MexicoPI de CV's asset turnover of this year was 1.49621342. Betterware de MexicoPI de CV's asset turnover of last year was 1.0781934. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+1+0+0+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Betterware de MexicoPI de CV has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
Betterware de MexicoPI de CV (BWMX) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Betterware de MexicoPI de CV and its competitors. This is near median its historical median of 6.00. Over the past decade, Betterware de MexicoPI de CV's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Betterware de MexicoPI de CV ranks #297 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 27%.
Is Betterware de MexicoPI de CV's Piotroski F-Score too high?
Betterware de MexicoPI de CV's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. Betterware de MexicoPI de CV's value of 6 is 20% above this industry median. Based on the distribution chart, Betterware de MexicoPI de CV ranks #297 out of 1101 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Betterware de MexicoPI de CV has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Betterware de MexicoPI de CV's Piotroski F-Score compare to HZO and BBW?
According to the Retail - Cyclical industry distribution chart, Betterware de MexicoPI de CV ranks #297 out of 1101 companies for Piotroski F-Score. This puts Betterware de MexicoPI de CV in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Betterware de MexicoPI de CV's value of 6 is 20% above this benchmark. Historically, Betterware de MexicoPI de CV's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Betterware de MexicoPI de CV has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,101 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Betterware de MexicoPI de CV's current Piotroski F-Score of 6 is 20% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Betterware de MexicoPI de CV and its competitors. For the Retail - Cyclical industry, the median Piotroski F-Score is 5.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Betterware de MexicoPI de CV's current Piotroski F-Score is 6, which is near median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Betterware de MexicoPI de CV stock overvalued right now?
Based on GuruFocus' analysis, Betterware de MexicoPI de CV (BWMX) is currently considered Modestly Overvalued. The stock's GF Value™ is $15.98, compared to a current price of $17.75 — trading 11.1% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Retail - Cyclical industry median of 5.00. Betterware de MexicoPI de CV's overall GF Score™ is 90/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For Betterware de MexicoPI de CV (BWMX), the current Piotroski F-Score is 6 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Betterware de MexicoPI de CV (BWMX) Overvalued in 2026?

Based on GuruFocus' analysis, Betterware de MexicoPI de CV stock appears to be overvalued. The current stock price of $17.75 is trading 11.1% above its estimated GF Value™ of $15.98. GuruFocus considers Betterware de MexicoPI de CV to be Modestly Overvalued.

Key valuation signals for BWMX:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: $15.98 vs. price of $17.75 (11.1% above fair value)
  • GF Score™: 90/100 with 5 warning signs
  • Industry Position: 20% above the Retail - Cyclical median (#297 of 1101)

No single metric tells the full story. See the BWMX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Betterware de MexicoPI de CV Business Description

Other Exchanges BM0:Germany
Address Gdl-Ameca-Huaxtla Km-5, El Arenal, JAL, MEX, 45350
Betterware de Mexico SAPI de CV is a company in the consumer product goods industry focused on home organization and beauty and personal care products, commercialized through person-to-person selling. The Group operates through two segments: Home organization under the Betterware brand, including kitchen and food preservation, home solutions, bathroom, laundry & cleaning, tech and mobility, bedroom and wellness. Products are sold through catalogues and distributed through distributors and associates. The Beauty and personal care (B&PC) segment under the JAFRA brand, which generates maximum revenue, includes fragrance, color, skin care and toiletries, distributed through leaders and consultants. The Group operates in Mexico, which generates maximum revenue, the United States and Latam.
90GF Score

Get the complete analysis for BWMX

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$17.75
Price
$15.98
GF Value