Boer Power Holdings (FRA:BOE) Piotroski F-Score: 4 (As of Aug. 12, 2026) — 33% Below Median

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FRA:BOE Boer Power Holdings Ltd FRA:BOE
35 GF Score
Price €0.07
GF Value €0.02
! 4 Warning Signs
View Full Analysis

What is Boer Power Holdings Piotroski F-Score?

Boer Power Holdings FRA:BOE -1.49% 35 Piotroski F-Score is 4 as of Aug. 12, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates FRA:BOE with a GF Score™ of 35/100 and a GF Value™ of €0.02. The stock has 4 warning signs investors should review. Among 152 Industrial Distribution companies, Boer Power Holdings ranks worse than 78.95% 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

Boer Power Holdings has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

FRA:BOE' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Boer Power Holdings was 8. The lowest was 3. And the median was 6.

Boer Power Holdings  (FRA:BOE) 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.


Boer Power Holdings Piotroski F-Score Related Terms


Boer Power Holdings Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Boer Power Holdings'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.

Boer Power Holdings Piotroski F-Score Chart

Boer Power Holdings 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 5.00 6.00 4.00 6.00 4.00

Boer Power Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 4.00 0.00 6.00 0.00 4.00

FRA:BOE vs GWW, FAST, FERG: Piotroski F-Score Comparison

For the Industrial Distribution subindustry, Boer Power Holdings'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.


Boer Power Holdings Piotroski F-Score vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Boer Power Holdings's Piotroski F-Score distribution charts can be found below:

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


FRA:BOE
35GF Score
Boer Power Holdings Ltd FRA:BOE
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 €2.18 Mil.
Cash Flow from Operations was €14.31 Mil.
Revenue was €78.54 Mil.
Gross Profit was €22.63 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (200.063 + 187.735) / 2 = €193.899 Mil.
Total Assets at the begining of this year (Dec24) was €200.06 Mil.
Long-Term Debt & Capital Lease Obligation was €0.18 Mil.
Total Current Assets was €157.32 Mil.
Total Current Liabilities was €150.54 Mil.
Net Income was €4.07 Mil.

Revenue was €89.23 Mil.
Gross Profit was €25.91 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (191.042 + 200.063) / 2 = €195.5525 Mil.
Total Assets at the begining of last year (Dec23) was €191.04 Mil.
Long-Term Debt & Capital Lease Obligation was €17.38 Mil.
Total Current Assets was €158.41 Mil.
Total Current Liabilities was €140.61 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.

Boer Power Holdings's current Net Income (TTM) was 2.18. ==> 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.

Boer Power Holdings's current Cash Flow from Operations (TTM) was 14.31. ==> 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)
=2.178/200.063
=0.01088657

ROA (Last Year)=Net Income/Total Assets (Dec23)
=4.073/191.042
=0.02131992

Boer Power Holdings's return on assets of this year was 0.01088657. Boer Power Holdings's return on assets of last year was 0.02131992. ==> 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.

Boer Power Holdings's current Net Income (TTM) was 2.18. Boer Power Holdings's current Cash Flow from Operations (TTM) was 14.31. ==> 14.31 > 2.18 ==> 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
=0.184/193.899
=0.00094895

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=17.38/195.5525
=0.08887639

Boer Power Holdings's gearing of this year was 0.00094895. Boer Power Holdings's gearing of last year was 0.08887639. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=157.317/150.535
=1.04505265

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=158.406/140.607
=1.12658687

Boer Power Holdings's current ratio of this year was 1.04505265. Boer Power Holdings's current ratio of last year was 1.12658687. ==> 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.

Boer Power Holdings's number of shares in issue this year was 773.769. Boer Power Holdings's number of shares in issue last year was 768.939. ==> 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
=22.632/78.535
=0.28817725

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=25.909/89.231
=0.29035873

Boer Power Holdings's gross margin of this year was 0.28817725. Boer Power Holdings's gross margin of last year was 0.29035873. ==> 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)
=78.535/200.063
=0.39255135

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=89.231/191.042
=0.4670753

Boer Power Holdings's asset turnover of this year was 0.39255135. Boer Power Holdings's asset turnover of last year was 0.4670753. ==> 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+1+1+0+0+0+0
=4

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

Boer Power Holdings has an F-score of 4 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 4 mean?
Boer Power Holdings (FRA:BOE) has a Piotroski F-Score of 4 as of Aug. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Boer Power Holdings and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Boer Power Holdings' Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Boer Power Holdings ranks #120 out of 152 companies in the Industrial Distribution industry, placing it in the top 78.9%.
Is Boer Power Holdings' Piotroski F-Score too high?
Boer Power Holdings' current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Industrial Distribution industry median Piotroski F-Score is 6.00. Boer Power Holdings' value of 4 is 33.3% below this industry median. Based on the distribution chart, Boer Power Holdings ranks #120 out of 152 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, Boer Power Holdings has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Boer Power Holdings' Piotroski F-Score compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Boer Power Holdings ranks #120 out of 152 companies for Piotroski F-Score. This places Boer Power Holdings in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Boer Power Holdings' value of 4 is 33.3% below this benchmark. Historically, Boer Power Holdings' own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 6.00, Boer Power Holdings 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 an Industrial Distribution company?
The median Piotroski F-Score among Industrial Distribution companies is 6.00, based on 152 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. Boer Power Holdings's current Piotroski F-Score of 4 is 33.3% 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 Boer Power Holdings and its competitors. For the Industrial Distribution 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. Boer Power Holdings's current Piotroski F-Score is 4, which is 33% 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 Boer Power Holdings stock overvalued right now?
Boer Power Holdings (FRA:BOE) has a current Piotroski F-Score of 4. The stock's GF Value™ is €0.02, compared to a current price of €0.07 — trading 230% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 33.3% below the Industrial Distribution industry median of 6.00. Boer Power Holdings' overall GF Score™ is 35/100 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 Boer Power Holdings (FRA:BOE), the current Piotroski F-Score is 4 as of Aug. 12, 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 Boer Power Holdings (FRA:BOE) Overvalued in 2026?

Based on GuruFocus' analysis, Boer Power Holdings stock appears to be overvalued. The current stock price of €0.07 is trading 230% above its estimated GF Value™ of €0.02.

Key valuation signals for FRA:BOE:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: €0.02 vs. price of €0.07 (230% above fair value)
  • GF Score™: 35/100 with 4 warning signs
  • Industry Position: 33.3% below the Industrial Distribution median (#120 of 152)

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


Boer Power Holdings Business Description

Other Exchanges 01685:Hong KongBOE:Germany
Address Luoyang Road, Yangshi Industrial Park, Huishan District, Jiangsu Province, Wuxi, CHN, 214187
Boer Power Holdings Ltd is engaged in designing, manufacturing, and selling electrical distribution equipment and provision of electrical distribution systems solution services in the PRC. The business has two segments; IEM Solutions, which includes the sale of electrical distribution systems, EPC projects, and the sale of electricity, and the Components and Spare Parts Business segment, which includes components and spare parts for application on electrical distribution equipment or the basic function units of the solutions and sells such components and spare parts to the customers. Maximum of its revenue is generated by the IEM solutions segment.
35GF Score

Get the complete analysis for FRA:BOE

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

€0.07
Price
€0.02
GF Value