Bestway Cement CoKAR:BWCL 73 Piotroski F-Score is 4 as of Jun. 27, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates KAR:BWCL with a GF Score™ of 73/100 and a GF Value™ of ₨322.51 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 394 Building Materials companies, Bestway Cement Co ranks worse than 71.07% 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
Bestway Cement Co 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 Bestway Cement Co's Piotroski F-Score or its related term are showing as below:
KAR:BWCL'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 8
Current: 4
During the past 13 years, the highest Piotroski F-Score of Bestway Cement Co was 8. The lowest was 3. And the median was 5.
Bestway Cement Co (KAR:BWCL) 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.
Bestway Cement Co Piotroski F-Score Related Terms
Bestway Cement Co Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Bestway Cement Co'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.
KAR:BWCL vs CRH, VMC, MLM: Piotroski F-Score Comparison
For the Building Materials subindustry, Bestway Cement Co'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.
Bestway Cement Co Piotroski F-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Bestway Cement Co's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Bestway Cement Co'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 (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 6322.92 + 5495.79 + 5599.062 + 6817.361 = ₨24,235 Mil. Cash Flow from Operations was -1116.985 + 9585.79 + 7608.285 + -4454.165 = ₨11,623 Mil. Revenue was 25759.075 + 25885.667 + 29481.981 + 27022.946 = ₨108,150 Mil. Gross Profit was 8799.14 + 7209.302 + 8405.817 + 7693.585 = ₨32,108 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(178280.888 + 275490.698 + 274414.917 + 278921.01 + 283206.581) / 5 = ₨258062.8188 Mil. Total Assets at the begining of this year (Mar25) was ₨178,281 Mil. Long-Term Debt & Capital Lease Obligation was ₨21,888 Mil. Total Current Assets was ₨39,293 Mil. Total Current Liabilities was ₨77,110 Mil.
Net Income was 3448.69 + 4060.648 + 7407.047 + 6073.753 = ₨20,990 Mil.
Revenue was 23857.845 + 24799.831 + 30804.572 + 26395.075 = ₨105,857 Mil. Gross Profit was 8563.41 + 8115.665 + 12293.605 + 8069.852 = ₨37,043 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(167934.909 + 167909.448 + 172770.566 + 209307.282 + 178280.888) / 5 = ₨179240.6186 Mil. Total Assets at the begining of last year (Mar24) was ₨167,935 Mil. Long-Term Debt & Capital Lease Obligation was ₨30,571 Mil. Total Current Assets was ₨27,509 Mil. Total Current Liabilities was ₨50,435 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.
Bestway Cement Co's current Net Income (TTM) was 24,235.
==> 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.
Bestway Cement Co's return on assets of this year was 0.13593792. Bestway Cement Co's return on assets of last year was 0.12498972.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Bestway Cement Co's gearing of this year was 0.0848161. Bestway Cement Co's gearing of last year was 0.17056065.
==> 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
Bestway Cement Co's current ratio of this year was 0.50956731. Bestway Cement Co's current ratio of last year was 0.54543608.
==> 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.
Bestway Cement Co's number of shares in issue this year was 596.445. Bestway Cement Co's number of shares in issue last year was 596.05.
==> 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.
Bestway Cement Co's gross margin of this year was 0.29688342. Bestway Cement Co's gross margin of last year was 0.34992886.
==> 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
Bestway Cement Co's asset turnover of this year was 0.60662514. Bestway Cement Co's asset turnover of last year was 0.63034734.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Bestway Cement Co has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Bestway Cement Co (KAR:BWCL) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bestway Cement Co and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Bestway Cement Co's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Bestway Cement Co ranks #280 out of 394 companies in the Building Materials industry, placing it in the top 71.1%.
Is Bestway Cement Co's Piotroski F-Score too high?
Bestway Cement Co's current Piotroski F-Score of 4 is 20% 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 8.00. The Building Materials industry median Piotroski F-Score is 5.00. Bestway Cement Co's value of 4 is 20% below this industry median. Based on the distribution chart, Bestway Cement Co ranks #280 out of 394 companies in the Building Materials industry, which is below the industry midpoint. Overall, Bestway Cement Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bestway Cement Co's Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Bestway Cement Co ranks #280 out of 394 companies for Piotroski F-Score. This places Bestway Cement Co in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Bestway Cement Co's value of 4 is 20% below this benchmark. Historically, Bestway Cement Co'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, Bestway Cement Co 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 394 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. Bestway Cement Co's current Piotroski F-Score of 4 is 20% 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 Bestway Cement Co and its competitors. For the Building Materials 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. Bestway Cement Co's current Piotroski F-Score is 4, which is 20% 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 Bestway Cement Co stock overvalued right now?
Based on GuruFocus' analysis, Bestway Cement Co (KAR:BWCL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨322.51, compared to a current price of ₨477.04 — trading 47.9% above its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Building Materials industry median of 5.00. Bestway Cement Co's overall GF Score™ is 73/100 with 5 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 Bestway Cement Co (KAR:BWCL), the current Piotroski F-Score is 4 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 Bestway Cement Co (KAR:BWCL) Overvalued in 2026?
Based on GuruFocus' analysis, Bestway Cement Co stock appears to be overvalued.
The current stock price of ₨477.04 is trading 47.9% above its estimated GF Value™ of ₨322.51.
GuruFocus considers Bestway Cement Co to be Significantly Overvalued.
Key valuation signals for KAR:BWCL:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: ₨322.51 vs. price of ₨477.04 (47.9% above fair value)
Industry Position: 20% below the Building Materials median (#280 of 394)
No single metric tells the full story. See the KAR:BWCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bestway Cement Co Ltd is engaged in the production and sale of cement in the local and export market. Its products include Bestway, Pakcem, Stallion, Ecocem, Low Alkali Cement, and others. The company operates in Pakistan and also export to other countries. Geographically, the majority of the revenue is generated from Pakistan.
73GF Score
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