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Belton HoldingCAI:BTFH +1.64%53 Piotroski F-Score is 3 as of Jul. 19, 2026, which is at its 10-year median of 3.00. GuruFocus rates CAI:BTFH with a GF Score™ of 53/100 and a GF Value™ of E£3.30 (Fairly Valued). The stock has 12 warning signs investors should review. Among 786 Capital Markets companies, Belton Holding ranks worse than 76.72% on this metric.
Warning Sign:
Piotroski F-Score of 3 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
Belton Holding has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Belton Holding's Piotroski F-Score or its related term are showing as below:
CAI:BTFH'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 6
Current: 3
During the past 11 years, the highest Piotroski F-Score of Belton Holding was 6. The lowest was 1. And the median was 3.
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.
Belton Holding Piotroski F-Score Related Terms
Belton Holding Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Belton Holding'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.
CAI:BTFH vs MS, GS, SCHW: Piotroski F-Score Comparison
For the Capital Markets subindustry, Belton Holding'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.
Belton Holding Piotroski F-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Belton Holding's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Belton Holding'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.
This Year (Dec25) TTM:
Last Year (Dec24) TTM:
Net Income was 702.654 + 601.553 + 185.974 + -143.13 = E£1,347 Mil. Cash Flow from Operations was -2295.113 + -4025.733 + -3255.37 + -1031.144 = E£-10,607 Mil. Revenue was 2702.019 + 3476.234 + 3212.837 + 3291.894 = E£12,683 Mil. Gross Profit was 894.612 + 2759.167 + 2666.963 + -3484.422 = E£2,836 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(33747.246 + 49437.211 + 54850.122 + 59878.01 + 53023.757) / 5 = E£50187.2692 Mil. Total Assets at the begining of this year (Dec24) was E£33,747 Mil. Long-Term Debt & Capital Lease Obligation was E£15,868 Mil. Total Current Assets was E£28,359 Mil. Total Current Liabilities was E£13,570 Mil.
Net Income was 513.139 + 302.64 + 313.504 + 572.957 = E£1,702 Mil.
Revenue was 1286.005 + 1582.495 + 1909.375 + 2526.432 = E£7,304 Mil. Gross Profit was 549.435 + 1170.748 + 1555.541 + -975.064 = E£2,301 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(18285.23 + 21315.917 + 25374.047 + 29573.486 + 33747.246) / 5 = E£25659.1852 Mil. Total Assets at the begining of last year (Dec23) was E£18,285 Mil. Long-Term Debt & Capital Lease Obligation was E£12,212 Mil. Total Current Assets was E£15,896 Mil. Total Current Liabilities was E£8,712 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.
Belton Holding's current Net Income (TTM) was 1,347.
==> 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.
Belton Holding's return on assets of this year was 0.03991588. Belton Holding's return on assets of last year was 0.09309372.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Belton Holding's gearing of this year was 0.31616889. Belton Holding's gearing of last year was 0.47592805.
==> 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
Belton Holding's current ratio of this year was 2.08985954. Belton Holding's current ratio of last year was 1.82450761.
==> 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.
Belton Holding's number of shares in issue this year was 10718.107. Belton Holding's number of shares in issue last year was 8205.57.
==> 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.
Belton Holding's gross margin of this year was 0.22363192. Belton Holding's gross margin of last year was 0.31497307.
==> 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
Belton Holding's asset turnover of this year was 0.37582279. Belton Holding's asset turnover of last year was 0.39946487.
==> 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
Belton Holding has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Belton Holding (CAI:BTFH) has a Piotroski F-Score of 3 as of Jul. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Belton Holding and its competitors. This is near median its historical median of 3.00. Over the past decade, Belton Holding's Piotroski F-Score has ranged from 1.00 to 6.00. According to the industry distribution chart, Belton Holding ranks #603 out of 786 companies in the Capital Markets industry, placing it in the top 76.7%.
Is Belton Holding's Piotroski F-Score too high?
Belton Holding's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 6.00. The Capital Markets industry median Piotroski F-Score is 5.00. Belton Holding's value of 3 is 40% below this industry median. Based on the distribution chart, Belton Holding ranks #603 out of 786 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Belton Holding has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Belton Holding's Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Belton Holding ranks #603 out of 786 companies for Piotroski F-Score. This places Belton Holding in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Belton Holding's value of 3 is 40% below this benchmark. Historically, Belton Holding's own Piotroski F-Score has ranged from 1.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, Belton Holding 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 786 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. Belton Holding's current Piotroski F-Score of 3 is 40% 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 Belton Holding and its competitors. For the Capital Markets 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. Belton Holding's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Belton Holding stock overvalued right now?
Based on GuruFocus' analysis, Belton Holding (CAI:BTFH) is currently considered Fairly Valued. The stock's GF Value™ is E£3.30, compared to a current price of E£3.09 — trading 6.4% below its estimated fair value. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Capital Markets industry median of 5.00. Belton Holding's overall GF Score™ is 53/100 with 12 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 Belton Holding (CAI:BTFH), the current Piotroski F-Score is 3 as of Jul. 19, 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 Belton Holding (CAI:BTFH) Overvalued in 2026?
Based on GuruFocus' analysis, Belton Holding stock appears to be undervalued.
The current stock price of E£3.09 is trading 6.4% below its estimated GF Value™ of E£3.30.
GuruFocus considers Belton Holding to be Fairly Valued.
Key valuation signals for CAI:BTFH:
Piotroski F-Score: 3 (near median its 10-year median of 3.00)
GF Value™: E£3.30 vs. price of E£3.09 (6.4% below fair value)
Industry Position: 40% below the Capital Markets median (#603 of 786)
No single metric tells the full story. See the CAI:BTFH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Belton Holding is a financial services provider. The Company offers financial solutions such as brokerage, investment banking, asset management, equity research, in addition to end-to-end non-banking financial institutions (NBFIs) including private equity & direct investments, leasing, factoring, consumer finance, venture capital, mortgage finance, Agriculture, SMEs, Real estate brokerage and marketing, and microfinance. Its segments include: Holding; Investment Banking; Assets Management; Brokerage & Custody; NBFIs; and Others.
53GF Score
Get the complete analysis for CAI:BTFH
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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