BCG Energy JSCHSTC:BGE 35 Piotroski F-Score is 6 as of Jul. 06, 2026, which is at its 10-year median of 6.00. GuruFocus rates HSTC:BGE with a GF Score™ of 35/100. The stock has 4 warning signs investors should review. Among 417 Utilities - Independent Power Producers companies, BCG Energy JSC ranks better than 80.82% 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
BCG Energy JSC 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 BCG Energy JSC's Piotroski F-Score or its related term are showing as below:
HSTC:BGE'
s Piotroski F-Score Range Over the Past 10 Years
Min: 6 Med: 6 Max: 6
Current: 6
During the past 3 years, the highest Piotroski F-Score of BCG Energy JSC was 6. The lowest was 6. And the median was 6.
BCG Energy JSC (HSTC:BGE) 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.
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.
BCG Energy JSC Piotroski F-Score Related Terms
BCG Energy JSC Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for BCG Energy JSC'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.
BCG Energy JSC Piotroski F-Score Competitor Comparison
For the Utilities - Renewable subindustry, BCG Energy JSC'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.
BCG Energy JSC Piotroski F-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, BCG Energy JSC's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where BCG Energy JSC'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 4371.312 + 8826.53 + 37402.623 + -14591.832 = ₫36,009 Mil. Cash Flow from Operations was -48819.459 + 157906.551 + 356564.615 + 103498.546 = ₫569,150 Mil. Revenue was 296472.333 + 362948.347 + 349366.122 + 223646.442 = ₫1,232,433 Mil. Gross Profit was 133500.531 + 203699.678 + 187462.922 + 61815.791 = ₫586,479 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(19445718.469 + 19322317.731 + 18272002.305 + 18298425.104 + 17969889.885) / 5 = ₫18661670.6988 Mil. Total Assets at the begining of this year (Dec24) was ₫19,445,718 Mil. Long-Term Debt & Capital Lease Obligation was ₫4,156,469 Mil. Total Current Assets was ₫7,878,087 Mil. Total Current Liabilities was ₫3,565,082 Mil.
Net Income was 57629.783 + 198032.072 + 157913.8 + -1144616.998 = ₫-731,041 Mil.
Revenue was 320454.42 + 369343.248 + 339702.882 + 248194.241 = ₫1,277,695 Mil. Gross Profit was 152014.509 + 214285.362 + 176716.658 + 84395.848 = ₫627,412 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(19036554.203 + 0 + 0 + 20049134.484 + 19445718.469) / 5 = ₫19510469.052 Mil. Total Assets at the begining of last year (Dec23) was ₫19,036,554 Mil. Long-Term Debt & Capital Lease Obligation was ₫4,748,791 Mil. Total Current Assets was ₫8,159,694 Mil. Total Current Liabilities was ₫3,275,679 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.
BCG Energy JSC's current Net Income (TTM) was 36,009.
==> 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.
BCG Energy JSC's return on assets of this year was 0.00185175. BCG Energy JSC's return on assets of last year was -0.03840198.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
BCG Energy JSC's gearing of this year was 0.2227276. BCG Energy JSC's gearing of last year was 0.24339707.
==> 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
BCG Energy JSC's current ratio of this year was 2.20979119. BCG Energy JSC's current ratio of last year was 2.49099339.
==> 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.
BCG Energy JSC's number of shares in issue this year was 729.592. BCG Energy JSC's number of shares in issue last year was 729.985.
==> 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.
BCG Energy JSC's gross margin of this year was 0.47587074. BCG Energy JSC's gross margin of last year was 0.49105027.
==> 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
BCG Energy JSC's asset turnover of this year was 0.06337813. BCG Energy JSC's asset turnover of last year was 0.06711797.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
BCG Energy JSC has an F-score of 6 indicating the company's financial situation is typical for a stable company.
BCG Energy JSC (HSTC:BGE) has a Piotroski F-Score of 6 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on BCG Energy JSC and its competitors. This is near median its historical median of 6.00. Over the past decade, BCG Energy JSC's Piotroski F-Score has ranged from 6.00 to 6.00. According to the industry distribution chart, BCG Energy JSC ranks #80 out of 417 companies in the Utilities - Independent Power Producers industry, placing it in the top 19.2%.
Is BCG Energy JSC's Piotroski F-Score too high?
BCG Energy JSC's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 6.00. The Utilities - Independent Power Producers industry median Piotroski F-Score is 5.00. BCG Energy JSC's value of 6 is 20% above this industry median. Based on the distribution chart, BCG Energy JSC ranks #80 out of 417 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, BCG Energy JSC has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does BCG Energy JSC's Piotroski F-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, BCG Energy JSC ranks #80 out of 417 companies for Piotroski F-Score. This places BCG Energy JSC in the top 19% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. BCG Energy JSC's value of 6 is 20% above this benchmark. Historically, BCG Energy JSC's own Piotroski F-Score has ranged from 6.00 to 6.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, BCG Energy JSC 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 an Utilities - Independent Power Producers company?
The median Piotroski F-Score among Utilities - Independent Power Producers companies is 5.00, based on 417 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. BCG Energy JSC'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 BCG Energy JSC and its competitors. For the Utilities - Independent Power Producers 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. BCG Energy JSC's current Piotroski F-Score is 6, which is near 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 BCG Energy JSC stock overvalued right now?
BCG Energy JSC (HSTC:BGE) has a current Piotroski F-Score of 6. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Utilities - Independent Power Producers industry median of 5.00. BCG Energy JSC's 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 BCG Energy JSC (HSTC:BGE), the current Piotroski F-Score is 6 as of Jul. 06, 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.
BCG Energy JSC is into the renewable energy business. It focuses on developing and operating solar farm projects, rooftop solar power and wind power in Vietnam.
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