Barry Callebaut AGBYCBF 64 Piotroski F-Score is 2 as of Jun. 27, 2026, which is 67% below its 10-year median of 6.00. GuruFocus rates BYCBF with a GF Score™ of 64/100 and a GF Value™ of $2,577.18 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Barry Callebaut AG ranks worse than 94.82% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Barry Callebaut AG has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Barry Callebaut AG's Piotroski F-Score or its related term are showing as below:
BYCBF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 8
Current: 2
During the past 13 years, the highest Piotroski F-Score of Barry Callebaut AG was 8. The lowest was 2. And the median was 6.
Barry Callebaut AG (OTCPK:BYCBF) 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.
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.
Barry Callebaut AG Piotroski F-Score Related Terms
Barry Callebaut AG Piotroski F-Score Historical Data
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The historical data trend for Barry Callebaut AG'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.
BYCBF vs MDLZ, HSY, TR: Piotroski F-Score Comparison
For the Confectioners subindustry, Barry Callebaut AG'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.
Barry Callebaut AG Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Barry Callebaut AG's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Barry Callebaut AG's Piotroski F-Score falls into.
* 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.
*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.
Barry Callebaut AG's current Net Income (TTM) was 231.
==> 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.
Barry Callebaut AG's return on assets of this year was 0.01305366. Barry Callebaut AG's return on assets of last year was 0.02304083.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Barry Callebaut AG's gearing of this year was 0.33491986. Barry Callebaut AG's gearing of last year was 0.27819228.
==> Last year is lower than this year ==> Score 0.
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
Barry Callebaut AG's current ratio of this year was 1.79157804. Barry Callebaut AG's current ratio of last year was 1.37179093.
==> 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.
Barry Callebaut AG's number of shares in issue this year was 5.494. Barry Callebaut AG's number of shares in issue last year was 5.488.
==> 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.
Barry Callebaut AG's gross margin of this year was 0.09596386. Barry Callebaut AG's gross margin of last year was 0.1330847.
==> 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
Barry Callebaut AG's asset turnover of this year was 1.0386216. Barry Callebaut AG's asset turnover of last year was 1.2609482.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Barry Callebaut AG has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Barry Callebaut AG (BYCBF) has a Piotroski F-Score of 2 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Barry Callebaut AG and its competitors. This is 67% below median its historical median of 6.00. Over the past decade, Barry Callebaut AG's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Barry Callebaut AG ranks #1812 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 94.8%.
Is Barry Callebaut AG's Piotroski F-Score too high?
Barry Callebaut AG's current Piotroski F-Score of 2 is 67% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Barry Callebaut AG's value of 2 is 60% below this industry median. Based on the distribution chart, Barry Callebaut AG ranks #1812 out of 1911 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Barry Callebaut AG has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Barry Callebaut AG's Piotroski F-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Barry Callebaut AG ranks #1812 out of 1911 companies for Piotroski F-Score. This places Barry Callebaut AG in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Barry Callebaut AG's value of 2 is 60% below this benchmark. Historically, Barry Callebaut AG's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Barry Callebaut AG has consistently been below 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Barry Callebaut AG's current Piotroski F-Score of 2 is 60% below 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 Barry Callebaut AG and its competitors. For the Consumer Packaged Goods 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. Barry Callebaut AG's current Piotroski F-Score is 2, which is 67% below 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 Barry Callebaut AG stock overvalued right now?
Based on GuruFocus' analysis, Barry Callebaut AG (BYCBF) is currently considered Possible Value Trap. The stock's GF Value™ is $2,577.18, compared to a current price of $1,387.89 — trading 46.1% below its estimated fair value. The current Piotroski F-Score is 2, which is 67% below median its 10-year median of 6.00 and 60% below the Consumer Packaged Goods industry median of 5.00. Barry Callebaut AG's overall GF Score™ is 64/100 with 6 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 Barry Callebaut AG (BYCBF), the current Piotroski F-Score is 2 as of Jun. 27, 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 Barry Callebaut AG (BYCBF) Overvalued in 2026?
Based on GuruFocus' analysis, Barry Callebaut AG stock appears to be undervalued.
The current stock price of $1,387.89 is trading 46.1% below its estimated GF Value™ of $2,577.18.
GuruFocus considers Barry Callebaut AG to be Possible Value Trap.
Key valuation signals for BYCBF:
Piotroski F-Score: 2 (67% below median its 10-year median of 6.00)
GF Value™: $2,577.18 vs. price of $1,387.89 (46.1% below fair value)
Industry Position: 60% below the Consumer Packaged Goods median (#1812 of 1911)
No single metric tells the full story. See the BYCBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Barry Callebaut is the leading global manufacturer and supplier of cocoa and chocolate ingredients, employing over 13,000 people. Customers include food and beverage manufacturers as well as artisans, chocolatiers, pastry chefs, and bakers who use chocolate professionally. Barry Callebaut is vertically integrated, from raw material (cocoa bean) procurement through to chocolate manufacturing, without owning any cocoa farms. The firm produces around 40% of the world's industrial chocolate (open market), and its products are used in approximately 20% of the world's chocolate and cocoa goods.
64GF Score
Get the complete analysis for BYCBF
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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