BYCRF (BayCurrent) Piotroski F-Score: 5 (As of Jun. 28, 2026) — 17% Below Median


BYCRF BayCurrent Inc BYCRF
82 GF Score
Price $32.96
GF Value $52.19
Valuation Significantly Undervalued
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What is BayCurrent Piotroski F-Score?

BayCurrent BYCRF 82 Piotroski F-Score is 5 as of Jun. 28, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates BYCRF with a GF Score™ of 82/100 and a GF Value™ of $52.19 (Significantly Undervalued). Among 1,063 Business Services companies, BayCurrent ranks better than 51.36% 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

BayCurrent has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

BYCRF' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 5

During the past 11 years, the highest Piotroski F-Score of BayCurrent was 9. The lowest was 4. And the median was 6.

BayCurrent  (OTCPK:BYCRF) 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.


BayCurrent Piotroski F-Score Related Terms


BayCurrent Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for BayCurrent'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.

BayCurrent Piotroski F-Score Chart

BayCurrent Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.00 4.00 6.00 5.00

BayCurrent Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 7.00 9.00 7.00 5.00

BYCRF vs VRSK, EFX, BAH: Piotroski F-Score Comparison

For the Consulting Services subindustry, BayCurrent'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.


BayCurrent Piotroski F-Score vs Business Services Industry

For the Business Services industry and Industrials sector, BayCurrent's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where BayCurrent's Piotroski F-Score falls into.


BYCRF
82GF Score
BayCurrent Inc BYCRF
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 (Feb26) TTM:Last Year (Feb25) TTM:
Net Income was 62.232 + 55.689 + 56.813 + 76.06 = $250.8 Mil.
Cash Flow from Operations was 81.925 + 46.386 + 59.546 + 62.333 = $250.2 Mil.
Revenue was 236.802 + 231.593 + 241.548 + 273.343 = $983.3 Mil.
Gross Profit was 132.679 + 126.798 + 136.643 + 160.314 = $556.4 Mil.
Average Total Assets from the begining of this year (Feb25)
to the end of this year (Feb26) was
(822.483 + 851.541 + 891.777 + 860.314 + 1015.367) / 5 = $888.2964 Mil.
Total Assets at the begining of this year (Feb25) was $822.5 Mil.
Long-Term Debt & Capital Lease Obligation was $24.5 Mil.
Total Current Assets was $736.9 Mil.
Total Current Liabilities was $228.8 Mil.
Net Income was 44.736 + 43.722 + 50.952 + 63.073 = $202.5 Mil.

Revenue was 175.128 + 183.21 + 191.468 + 214.625 = $764.4 Mil.
Gross Profit was 93.822 + 90.316 + 103.173 + 123.783 = $411.1 Mil.
Average Total Assets from the begining of last year (Feb24)
to the end of last year (Feb25) was
(667.6 + 640.223 + 727.089 + 726.817 + 822.483) / 5 = $716.8424 Mil.
Total Assets at the begining of last year (Feb24) was $667.6 Mil.
Long-Term Debt & Capital Lease Obligation was $32.7 Mil.
Total Current Assets was $584.5 Mil.
Total Current Liabilities was $159.4 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.

BayCurrent's current Net Income (TTM) was 250.8. ==> 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.

BayCurrent's current Cash Flow from Operations (TTM) was 250.2. ==> 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 (Feb25)
=250.794/822.483
=0.30492302

ROA (Last Year)=Net Income/Total Assets (Feb24)
=202.483/667.6
=0.30329988

BayCurrent's return on assets of this year was 0.30492302. BayCurrent's return on assets of last year was 0.30329988. ==> 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.

BayCurrent's current Net Income (TTM) was 250.8. BayCurrent's current Cash Flow from Operations (TTM) was 250.2. ==> 250.2 <= 250.8 ==> CFROA <= ROA ==> Score 0.

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: Feb26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb25 to Feb26
=24.507/888.2964
=0.02758876

Gearing (Last Year: Feb25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Feb24 to Feb25
=32.711/716.8424
=0.04563207

BayCurrent's gearing of this year was 0.02758876. BayCurrent's gearing of last year was 0.04563207. ==> 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: Feb26)=Total Current Assets/Total Current Liabilities
=736.885/228.792
=3.22076384

Current Ratio (Last Year: Feb25)=Total Current Assets/Total Current Liabilities
=584.536/159.39
=3.6673317

BayCurrent's current ratio of this year was 3.22076384. BayCurrent's current ratio of last year was 3.6673317. ==> Last year's current ratio is higher ==> Score 0.

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.

BayCurrent's number of shares in issue this year was 152.152. BayCurrent's number of shares in issue last year was 151.867. ==> 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
=556.434/983.286
=0.56589232

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=411.094/764.431
=0.53777777

BayCurrent's gross margin of this year was 0.56589232. BayCurrent's gross margin of last year was 0.53777777. ==> This year's gross margin is higher. ==> Score 1.

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 (Feb25)
=983.286/822.483
=1.19550921

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Feb24)
=764.431/667.6
=1.14504344

BayCurrent's asset turnover of this year was 1.19550921. BayCurrent's asset turnover of last year was 1.14504344. ==> 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+0+1+0+0+1+1
=6

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

BayCurrent has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
BayCurrent (BYCRF) has a Piotroski F-Score of 5 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on BayCurrent and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, BayCurrent's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, BayCurrent ranks #517 out of 1063 companies in the Business Services industry, placing it in the top 48.6%.
Is BayCurrent's Piotroski F-Score too high?
BayCurrent's current Piotroski F-Score of 5 is 17% below 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 9.00. The Business Services industry median Piotroski F-Score is 5.00. BayCurrent's value of 5 is 0% at this industry median. Based on the distribution chart, BayCurrent ranks #517 out of 1063 companies in the Business Services industry, which is above the industry midpoint. Overall, BayCurrent has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BayCurrent's Piotroski F-Score compare to VRSK and EFX?
According to the Business Services industry distribution chart, BayCurrent ranks #517 out of 1063 companies for Piotroski F-Score. This puts BayCurrent in the upper half of its industry. The industry median Piotroski F-Score is 5.00. BayCurrent's value of 5 is 0% at this benchmark. Historically, BayCurrent's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, BayCurrent has consistently been at 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,063 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. BayCurrent's current Piotroski F-Score of 5 is 0% at 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 BayCurrent and its competitors. For the Business Services 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. BayCurrent's current Piotroski F-Score is 5, which is 17% 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 BayCurrent stock overvalued right now?
Based on GuruFocus' analysis, BayCurrent (BYCRF) is currently considered Significantly Undervalued. The stock's GF Value™ is $52.19, compared to a current price of $32.96 — trading 36.8% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Business Services industry median of 5.00. BayCurrent's overall GF Score™ is 82/100. 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 BayCurrent (BYCRF), the current Piotroski F-Score is 5 as of Jun. 28, 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 BayCurrent (BYCRF) Overvalued in 2026?

Based on GuruFocus' analysis, BayCurrent stock appears to be undervalued. The current stock price of $32.96 is trading 36.8% below its estimated GF Value™ of $52.19. GuruFocus considers BayCurrent to be Significantly Undervalued.

Key valuation signals for BYCRF:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $52.19 vs. price of $32.96 (36.8% below fair value)
  • GF Score™: 82/100
  • Industry Position: 0% at the Business Services median (#517 of 1063)

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


BayCurrent Business Description

Other Exchanges 6532:Japan
Address 1-3-1 Azabudai, Azabudai Hills Mori JP Tower, Minato-ku, Tokyo, JPN, 106-0041
BayCurrent Consulting is a Japanese IT consulting firm specializing in digital transformation implementation. The company deployed 5,590 consultants at the end of fiscal 2026 to execute IT modernization, data analytics, and artificial intelligence projects for enterprise clients. Unlike traditional strategy firms, BayCurrent focuses on project execution, with consultants embedded in client organizations to deliver outcomes. The firm serves a variety of industries, with financial services and manufacturing each accounting for 20% to 25% of revenue. Its one-pool staffing model enables flexible consultant allocation across industries and helps the company maintain a high utilization rate, thereby achieving a higher profitability than peers.
82GF Score

Get the complete analysis for BYCRF

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

$32.96
Price
$52.19
GF Value