Boryszew (FRA:BOW) Piotroski F-Score: 6 (As of Jun. 27, 2026) — 20% Above Median


FRA:BOW Boryszew SA FRA:BOW
62 GF Score
Price €1.04
GF Value €1.07
Valuation Fairly Valued
! 8 Warning Signs
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What is Boryszew Piotroski F-Score?

Boryszew FRA:BOW -0.19% 62 Piotroski F-Score is 6 as of Jun. 27, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates FRA:BOW with a GF Score™ of 62/100 and a GF Value™ of €1.07 (Fairly Valued). The stock has 8 warning signs investors should review. Among 555 Conglomerates companies, Boryszew ranks better than 71.89% 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

Boryszew 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 Boryszew's Piotroski F-Score or its related term are showing as below:

FRA:BOW' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Boryszew was 8. The lowest was 3. And the median was 5.

Boryszew  (FRA:BOW) 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.


Boryszew Piotroski F-Score Related Terms


Boryszew Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Boryszew'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.

Boryszew Piotroski F-Score Chart

Boryszew 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 7.00 6.00 6.00 4.00 6.00

Boryszew Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 8.00 8.00 6.00 6.00

FRA:BOW vs HON, MMM: Piotroski F-Score Comparison

For the Conglomerates subindustry, Boryszew'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.


Boryszew Piotroski F-Score vs Conglomerates Industry

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

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


FRA:BOW
62GF Score
Boryszew SA FRA:BOW
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 0.741 + 3.886 + -0.493 + 3.36 = €7 Mil.
Cash Flow from Operations was 13.72 + -4.733 + 31.226 + -19.482 = €21 Mil.
Revenue was 286.794 + 264.79 + 263.314 + 296.935 = €1,112 Mil.
Gross Profit was 29.411 + 22.11 + 20.068 + 25.404 = €97 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(868.422 + 805.948 + 805.708 + 799.137 + 846.419) / 5 = €825.1268 Mil.
Total Assets at the begining of this year (Mar25) was €868 Mil.
Long-Term Debt & Capital Lease Obligation was €79 Mil.
Total Current Assets was €423 Mil.
Total Current Liabilities was €388 Mil.
Net Income was 9.071 + -5.205 + 20.373 + 1.37 = €26 Mil.

Revenue was 304.33 + 283.46 + 289.651 + 311.761 = €1,189 Mil.
Gross Profit was 24.576 + 17.621 + 24.02 + 21.518 = €88 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(897.455 + 887.842 + 856.6 + 846.437 + 868.422) / 5 = €871.3512 Mil.
Total Assets at the begining of last year (Mar24) was €897 Mil.
Long-Term Debt & Capital Lease Obligation was €92 Mil.
Total Current Assets was €421 Mil.
Total Current Liabilities was €361 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.

Boryszew's current Net Income (TTM) was 7. ==> 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.

Boryszew's current Cash Flow from Operations (TTM) was 21. ==> 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)
=7.494/868.422
=0.00862945

ROA (Last Year)=Net Income/Total Assets (Mar24)
=25.609/897.455
=0.02853514

Boryszew's return on assets of this year was 0.00862945. Boryszew's return on assets of last year was 0.02853514. ==> 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.

Boryszew's current Net Income (TTM) was 7. Boryszew's current Cash Flow from Operations (TTM) was 21. ==> 21 > 7 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=79.35/825.1268
=0.09616704

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=92.118/871.3512
=0.10571857

Boryszew's gearing of this year was 0.09616704. Boryszew's gearing of last year was 0.10571857. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=423.234/387.878
=1.09115237

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=420.606/360.997
=1.16512326

Boryszew's current ratio of this year was 1.09115237. Boryszew's current ratio of last year was 1.16512326. ==> 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.

Boryszew's number of shares in issue this year was 202. Boryszew's number of shares in issue last year was 202. ==> 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
=96.993/1111.833
=0.08723702

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=87.735/1189.202
=0.07377636

Boryszew's gross margin of this year was 0.08723702. Boryszew's gross margin of last year was 0.07377636. ==> 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 (Mar25)
=1111.833/868.422
=1.28029115

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1189.202/897.455
=1.32508259

Boryszew's asset turnover of this year was 1.28029115. Boryszew's asset turnover of last year was 1.32508259. ==> 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+1+1+0
=6

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

Boryszew 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?
Boryszew (FRA:BOW) 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 Boryszew and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Boryszew's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Boryszew ranks #156 out of 555 companies in the Conglomerates industry, placing it in the top 28.1%.
Is Boryszew's Piotroski F-Score too high?
Boryszew's current Piotroski F-Score of 6 is 20% above 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 8.00. The Conglomerates industry median Piotroski F-Score is 5.00. Boryszew's value of 6 is 20% above this industry median. Based on the distribution chart, Boryszew ranks #156 out of 555 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Boryszew has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Boryszew's Piotroski F-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Boryszew ranks #156 out of 555 companies for Piotroski F-Score. This puts Boryszew in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Boryszew's value of 6 is 20% above this benchmark. Historically, Boryszew's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Boryszew 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 Conglomerates company?
The median Piotroski F-Score among Conglomerates companies is 5.00, based on 555 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. Boryszew'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 Boryszew and its competitors. For the Conglomerates 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. Boryszew's current Piotroski F-Score is 6, which is 20% above 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 Boryszew stock overvalued right now?
Based on GuruFocus' analysis, Boryszew (FRA:BOW) is currently considered Fairly Valued. The stock's GF Value™ is €1.07, compared to a current price of €1.04 — trading 2.8% below its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 20% above the Conglomerates industry median of 5.00. Boryszew's overall GF Score™ is 62/100 with 8 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 Boryszew (FRA:BOW), 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 Boryszew (FRA:BOW) Overvalued in 2026?

Based on GuruFocus' analysis, Boryszew stock appears to be undervalued. The current stock price of €1.04 is trading 2.8% below its estimated GF Value™ of €1.07. GuruFocus considers Boryszew to be Fairly Valued.

Key valuation signals for FRA:BOW:

  • Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
  • GF Value™: €1.07 vs. price of €1.04 (2.8% below fair value)
  • GF Score™: 62/100 with 8 warning signs
  • Industry Position: 20% above the Conglomerates median (#156 of 555)

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


Boryszew Business Description

Other Exchanges BRS:Poland
Address ul. Łucka 7/9, Warsaw, POL, 00-842
Boryszew SA is a largest industrial group in Poland. It is primarily engaged in the production of components for cars, processing of non-ferrous metals and industrial chemistry. The products offered by the company includes aluminum wires and wire rods, sheets and strips, copper pipes, tubes, alloy rods, plastic and metal car components, lubricants, pyrotechnic products and others. Geographically, it operates through approximately 30 production plants and R & D centers located in Europe, Asia, and the Americas.
62GF Score

Get the complete analysis for FRA:BOW

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

€1.04
Price
€1.07
GF Value