Bolsa Mexicana de ValoresB de CV (FRA:BC51) Piotroski F-Score: 6 (As of Jun. 27, 2026) — 14% Below Median


FRA:BC51 Bolsa Mexicana de Valores SAB de CV FRA:BC51
85 GF Score
Price €1.73
GF Value €2.06
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Bolsa Mexicana de ValoresB de CV Piotroski F-Score?

Bolsa Mexicana de ValoresB de CV FRA:BC51 -0.49% 85 Piotroski F-Score is 6 as of Jun. 27, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates FRA:BC51 with a GF Score™ of 85/100 and a GF Value™ of €2.06 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 782 Capital Markets companies, Bolsa Mexicana de ValoresB de CV ranks better than 81.84% 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

Bolsa Mexicana de ValoresB de CV 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 Bolsa Mexicana de ValoresB de CV's Piotroski F-Score or its related term are showing as below:

FRA:BC51' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Bolsa Mexicana de ValoresB de CV was 9. The lowest was 3. And the median was 7.

Bolsa Mexicana de ValoresB de CV  (FRA:BC51) 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.


Bolsa Mexicana de ValoresB de CV Piotroski F-Score Related Terms


Bolsa Mexicana de ValoresB de CV Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Bolsa Mexicana de ValoresB 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.

Bolsa Mexicana de ValoresB de CV Piotroski F-Score Chart

Bolsa Mexicana de ValoresB de CV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 7.00 3.00 8.00 6.00

Bolsa Mexicana de ValoresB de CV Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 8.00 8.00 9.00 8.00 6.00

FRA:BC51 vs SPGI, CME, ICE: Piotroski F-Score Comparison

For the Financial Data & Stock Exchanges subindustry, Bolsa Mexicana de ValoresB 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.


Bolsa Mexicana de ValoresB de CV Piotroski F-Score vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bolsa Mexicana de ValoresB de CV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bolsa Mexicana de ValoresB de CV's Piotroski F-Score falls into.


FRA:BC51
85GF Score
Bolsa Mexicana de Valores SAB de CV FRA:BC51
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was 19.752 + 18.412 + 18.249 + 17.659 = €74.1 Mil.
Cash Flow from Operations was 31.469 + 23.073 + 16.762 + 15.915 = €87.2 Mil.
Revenue was 51.023 + 50.955 + 51.16 + 53.749 = €206.9 Mil.
Gross Profit was 33.188 + 32.863 + 32.711 + 33.686 = €132.4 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(412.44 + 451.011 + 409.989 + 425.81 + 442.592) / 5 = €428.3684 Mil.
Total Assets at the begining of this year (Dec24) was €412.4 Mil.
Long-Term Debt & Capital Lease Obligation was €11.6 Mil.
Total Current Assets was €204.3 Mil.
Total Current Liabilities was €40.5 Mil.
Net Income was 20.791 + 19.526 + 18.756 + 21.393 = €80.5 Mil.

Revenue was 53.583 + 50.893 + 48.367 + 52.1 = €204.9 Mil.
Gross Profit was 34.427 + 32.312 + 31.56 + 34.61 = €132.9 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(476.129 + 530.45 + 432.145 + 400.845 + 412.44) / 5 = €450.4018 Mil.
Total Assets at the begining of last year (Dec23) was €476.1 Mil.
Long-Term Debt & Capital Lease Obligation was €11.3 Mil.
Total Current Assets was €192.0 Mil.
Total Current Liabilities was €38.0 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.

Bolsa Mexicana de ValoresB de CV's current Net Income (TTM) was 74.1. ==> 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.

Bolsa Mexicana de ValoresB de CV's current Cash Flow from Operations (TTM) was 87.2. ==> 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 (Dec24)
=74.072/412.44
=0.17959461

ROA (Last Year)=Net Income/Total Assets (Dec23)
=80.466/476.129
=0.16900042

Bolsa Mexicana de ValoresB de CV's return on assets of this year was 0.17959461. Bolsa Mexicana de ValoresB de CV's return on assets of last year was 0.16900042. ==> 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.

Bolsa Mexicana de ValoresB de CV's current Net Income (TTM) was 74.1. Bolsa Mexicana de ValoresB de CV's current Cash Flow from Operations (TTM) was 87.2. ==> 87.2 > 74.1 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=11.586/428.3684
=0.02704681

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=11.312/450.4018
=0.02511535

Bolsa Mexicana de ValoresB de CV's gearing of this year was 0.02704681. Bolsa Mexicana de ValoresB de CV's gearing of last year was 0.02511535. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=204.284/40.471
=5.04766376

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=191.972/38.027
=5.04830778

Bolsa Mexicana de ValoresB de CV's current ratio of this year was 5.04766376. Bolsa Mexicana de ValoresB de CV's current ratio of last year was 5.04830778. ==> 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.

Bolsa Mexicana de ValoresB de CV's number of shares in issue this year was 555.86. Bolsa Mexicana de ValoresB de CV's number of shares in issue last year was 560.121. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=132.448/206.887
=0.64019489

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=132.909/204.943
=0.6485169

Bolsa Mexicana de ValoresB de CV's gross margin of this year was 0.64019489. Bolsa Mexicana de ValoresB de CV's gross margin of last year was 0.6485169. ==> 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 (Dec24)
=206.887/412.44
=0.5016172

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=204.943/476.129
=0.43043587

Bolsa Mexicana de ValoresB de CV's asset turnover of this year was 0.5016172. Bolsa Mexicana de ValoresB de CV's asset turnover of last year was 0.43043587. ==> 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+0+0+1+0+1
=6

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

Bolsa Mexicana de ValoresB de CV 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 6 mean?
Bolsa Mexicana de ValoresB de CV (FRA:BC51) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bolsa Mexicana de ValoresB de CV and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, Bolsa Mexicana de ValoresB de CV's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Bolsa Mexicana de ValoresB de CV ranks #142 out of 782 companies in the Capital Markets industry, placing it in the top 18.2%.
Is Bolsa Mexicana de ValoresB de CV's Piotroski F-Score too high?
Bolsa Mexicana de ValoresB de CV's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Capital Markets industry median Piotroski F-Score is 5.00. Bolsa Mexicana de ValoresB de CV's value of 6 is 20% above this industry median. Based on the distribution chart, Bolsa Mexicana de ValoresB de CV ranks #142 out of 782 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Bolsa Mexicana de ValoresB de CV has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bolsa Mexicana de ValoresB de CV's Piotroski F-Score compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Bolsa Mexicana de ValoresB de CV ranks #142 out of 782 companies for Piotroski F-Score. This places Bolsa Mexicana de ValoresB de CV in the top 18% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Bolsa Mexicana de ValoresB de CV's value of 6 is 20% above this benchmark. Historically, Bolsa Mexicana de ValoresB de CV's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Bolsa Mexicana de ValoresB 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 782 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. Bolsa Mexicana de ValoresB 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 Bolsa Mexicana de ValoresB de CV 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. Bolsa Mexicana de ValoresB de CV's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bolsa Mexicana de ValoresB de CV stock overvalued right now?
Based on GuruFocus' analysis, Bolsa Mexicana de ValoresB de CV (FRA:BC51) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.06, compared to a current price of €1.73 — trading 16.1% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Capital Markets industry median of 5.00. Bolsa Mexicana de ValoresB de CV's overall GF Score™ is 85/100 with 4 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 Bolsa Mexicana de ValoresB de CV (FRA:BC51), the current Piotroski F-Score is 6 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 Bolsa Mexicana de ValoresB de CV (FRA:BC51) Overvalued in 2026?

Based on GuruFocus' analysis, Bolsa Mexicana de ValoresB de CV stock appears to be undervalued. The current stock price of €1.73 is trading 16.1% below its estimated GF Value™ of €2.06. GuruFocus considers Bolsa Mexicana de ValoresB de CV to be Modestly Undervalued.

Key valuation signals for FRA:BC51:

  • Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
  • GF Value™: €2.06 vs. price of €1.73 (16.1% below fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 20% above the Capital Markets median (#142 of 782)

No single metric tells the full story. See the FRA:BC51 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bolsa Mexicana de ValoresB de CV Business Description

Other Exchanges BOMXF:USABOLSAA:Mexico
Address Avenida Paseo de la Reforma 255, Colonia Cuauhtemoc, Mexico, DF, MEX, 06500
Bolsa Mexicana de Valores SAB de CV is a public securities exchange operating in Mexico but with listings from both Mexican and foreign issuers. Its services include trading, listing, custody, clearing, and settlement, as well as counterparty services and data sales. The company's sources of revenue include cash equities, derivatives, over-the-counter activity, issuers, custody, and information services. Majority of the company's revenue is driven by trading volume.
85GF Score

Get the complete analysis for FRA:BC51

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

€1.73
Price
€2.06
GF Value