Big Yellow Group (CHIX:BYGL) Piotroski F-Score: 3 (As of Jun. 27, 2026) — 40% Below Median


CHIX:BYGL Big Yellow Group PLC CHIX:BYGL
72 GF Score
Price £9.19
GF Value £10.56
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Big Yellow Group Piotroski F-Score?

Big Yellow Group CHIX:BYGL -0.51% 72 Piotroski F-Score is 3 as of Jun. 27, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates CHIX:BYGL with a GF Score™ of 72/100 and a GF Value™ of £10.56 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 888 REITs companies, Big Yellow Group ranks worse than 89.41% 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

Big Yellow Group 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 Big Yellow Group's Piotroski F-Score or its related term are showing as below:

CHIX:BYGl' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 3

During the past 13 years, the highest Piotroski F-Score of Big Yellow Group was 7. The lowest was 3. And the median was 5.

Big Yellow Group  (CHIX:BYGl) 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.


Big Yellow Group Piotroski F-Score Related Terms


Big Yellow Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Big Yellow Group'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.

Big Yellow Group Piotroski F-Score Chart

Big Yellow Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 7.00 3.00 3.00

Big Yellow Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 7.00 0.00 3.00 0.00 3.00

CHIX:BYGL vs PLD, PSA, EXR: Piotroski F-Score Comparison

For the REIT - Industrial subindustry, Big Yellow Group'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.


Big Yellow Group Piotroski F-Score vs REITs Industry

For the REITs industry and Real Estate sector, Big Yellow Group's Piotroski F-Score distribution charts can be found below:

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


CHIX:BYGL
72GF Score
Big Yellow Group PLC CHIX:BYGL
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 £124.9 Mil.
Cash Flow from Operations was £108.9 Mil.
Revenue was £209.1 Mil.
Gross Profit was £145.6 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was (3029.269 + 3154.169) / 2 = £3091.719 Mil.
Total Assets at the begining of this year (Mar25) was £3,029.3 Mil.
Long-Term Debt & Capital Lease Obligation was £496.7 Mil.
Total Current Assets was £17.8 Mil.
Total Current Liabilities was £58.1 Mil.
Net Income was £201.9 Mil.

Revenue was £204.5 Mil.
Gross Profit was £142.4 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was (2902.768 + 3029.269) / 2 = £2966.0185 Mil.
Total Assets at the begining of last year (Mar24) was £2,902.8 Mil.
Long-Term Debt & Capital Lease Obligation was £405.0 Mil.
Total Current Assets was £15.0 Mil.
Total Current Liabilities was £57.4 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.

Big Yellow Group's current Net Income (TTM) was 124.9. ==> 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.

Big Yellow Group's current Cash Flow from Operations (TTM) was 108.9. ==> 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)
=124.913/3029.269
=0.04123536

ROA (Last Year)=Net Income/Total Assets (Mar24)
=201.891/2902.768
=0.0695512

Big Yellow Group's return on assets of this year was 0.04123536. Big Yellow Group's return on assets of last year was 0.0695512. ==> Last year is higher ==> Score 0.

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.

Big Yellow Group's current Net Income (TTM) was 124.9. Big Yellow Group's current Cash Flow from Operations (TTM) was 108.9. ==> 108.9 <= 124.9 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=496.731/3091.719
=0.16066499

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=404.991/2966.0185
=0.13654365

Big Yellow Group's gearing of this year was 0.16066499. Big Yellow Group's gearing of last year was 0.13654365. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=17.809/58.113
=0.30645467

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=15.024/57.449
=0.26151891

Big Yellow Group's current ratio of this year was 0.30645467. Big Yellow Group's current ratio of last year was 0.26151891. ==> 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.

Big Yellow Group's number of shares in issue this year was 196.9. Big Yellow Group's number of shares in issue last year was 196.4. ==> 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
=145.558/209.084
=0.69616996

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=142.369/204.495
=0.69619795

Big Yellow Group's gross margin of this year was 0.69616996. Big Yellow Group's gross margin of last year was 0.69619795. ==> 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)
=209.084/3029.269
=0.06902127

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=204.495/2902.768
=0.07044828

Big Yellow Group's asset turnover of this year was 0.06902127. Big Yellow Group's asset turnover of last year was 0.07044828. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

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

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

Big Yellow Group has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Big Yellow Group (CHIX:BYGL) has a Piotroski F-Score of 3 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Big Yellow Group and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Big Yellow Group's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Big Yellow Group ranks #794 out of 888 companies in the REITs industry, placing it in the top 89.4%.
Is Big Yellow Group's Piotroski F-Score too high?
Big Yellow Group's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 7.00. The REITs industry median Piotroski F-Score is 6.00. Big Yellow Group's value of 3 is 50% below this industry median. Based on the distribution chart, Big Yellow Group ranks #794 out of 888 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Big Yellow Group has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Big Yellow Group's Piotroski F-Score compare to PLD and PSA?
According to the REITs industry distribution chart, Big Yellow Group ranks #794 out of 888 companies for Piotroski F-Score. This places Big Yellow Group in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Big Yellow Group's value of 3 is 50% below this benchmark. Historically, Big Yellow Group's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Big Yellow Group 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 REITs company?
The median Piotroski F-Score among REITs companies is 6.00, based on 888 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. Big Yellow Group's current Piotroski F-Score of 3 is 50% 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 Big Yellow Group and its competitors. For the REITs industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Big Yellow Group's current Piotroski F-Score is 3, which is 40% below median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Big Yellow Group stock overvalued right now?
Based on GuruFocus' analysis, Big Yellow Group (CHIX:BYGL) is currently considered Modestly Undervalued. The stock's GF Value™ is £10.56, compared to a current price of £9.19 — trading 13% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 50% below the REITs industry median of 6.00. Big Yellow Group's overall GF Score™ is 72/100 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 Big Yellow Group (CHIX:BYGL), the current Piotroski F-Score is 3 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 Big Yellow Group (CHIX:BYGL) Overvalued in 2026?

Based on GuruFocus' analysis, Big Yellow Group stock appears to be undervalued. The current stock price of £9.19 is trading 13% below its estimated GF Value™ of £10.56. GuruFocus considers Big Yellow Group to be Modestly Undervalued.

Key valuation signals for CHIX:BYGL:

  • Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
  • GF Value™: £10.56 vs. price of £9.19 (13% below fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 50% below the REITs median (#794 of 888)

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


Big Yellow Group Business Description

Industry Real EstateREITs
Other Exchanges BYLOF:USABYG:UKB9Y:Germany
Address Bridge Road, 2 The Deans, Bagshot, London, Surrey, GBR, GU19 5AT
Big Yellow Group PLC operates a portfolio of modern, purpose-built self-storage stores. The Group provides self storage solutions for domestic and business customers, including storage space, flexi offices, dedicated office space, delivery acceptance, forklifting, courier arrangement services, and the sale of boxes and packing materials. The Group operates Big Yellow stores and Armadillo stores across the United Kingdom, with a focus on London and the South East. The Group operates in one segment, the provision of self-storage and related services.
72GF Score

Get the complete analysis for CHIX:BYGL

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

£9.19
Price
£10.56
GF Value