KBAGF (Koninklijke Bam Groep NV) Piotroski F-Score: 8 (As of Jun. 27, 2026) — 33% Above Median


KBAGF Koninklijke Bam Groep NV KBAGF
55 GF Score
Price $10.42
GF Value $5.05
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Koninklijke Bam Groep NV Piotroski F-Score?

Koninklijke Bam Groep NV KBAGF 55 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates KBAGF with a GF Score™ of 55/100 and a GF Value™ of $5.05 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,735 Construction companies, Koninklijke Bam Groep NV ranks better than 98.39% on this metric.

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

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

Koninklijke Bam Groep NV has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Koninklijke Bam Groep NV's Piotroski F-Score or its related term are showing as below:

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

During the past 13 years, the highest Piotroski F-Score of Koninklijke Bam Groep NV was 8. The lowest was 3. And the median was 6.

Koninklijke Bam Groep NV  (OTCPK:KBAGF) 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.


Koninklijke Bam Groep NV Piotroski F-Score Related Terms


Koninklijke Bam Groep NV Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Koninklijke Bam Groep NV'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.

Koninklijke Bam Groep NV Piotroski F-Score Chart

Koninklijke Bam Groep NV 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 5.00 7.00 6.00 8.00

Koninklijke Bam Groep NV 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 7.00 0.00 6.00 0.00 8.00

KBAGF vs PWR, FIX, EME: Piotroski F-Score Comparison

For the Engineering & Construction subindustry, Koninklijke Bam Groep NV'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.


Koninklijke Bam Groep NV Piotroski F-Score vs Construction Industry

For the Construction industry and Industrials sector, Koninklijke Bam Groep NV's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Koninklijke Bam Groep NV's Piotroski F-Score falls into.


KBAGF
55GF Score
Koninklijke Bam Groep NV KBAGF
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 $247 Mil.
Cash Flow from Operations was $404 Mil.
Revenue was $8,243 Mil.
Gross Profit was $2,266 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (4074.352 + 4802.697) / 2 = $4438.5245 Mil.
Total Assets at the begining of this year (Dec24) was $4,074 Mil.
Long-Term Debt & Capital Lease Obligation was $289 Mil.
Total Current Assets was $3,193 Mil.
Total Current Liabilities was $3,256 Mil.
Net Income was $86 Mil.

Revenue was $6,759 Mil.
Gross Profit was $1,839 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (4287.917 + 4074.352) / 2 = $4181.1345 Mil.
Total Assets at the begining of last year (Dec23) was $4,288 Mil.
Long-Term Debt & Capital Lease Obligation was $249 Mil.
Total Current Assets was $2,722 Mil.
Total Current Liabilities was $2,784 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.

Koninklijke Bam Groep NV's current Net Income (TTM) was 247. ==> 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.

Koninklijke Bam Groep NV's current Cash Flow from Operations (TTM) was 404. ==> 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)
=247.061/4074.352
=0.06063811

ROA (Last Year)=Net Income/Total Assets (Dec23)
=86.124/4287.917
=0.02008528

Koninklijke Bam Groep NV's return on assets of this year was 0.06063811. Koninklijke Bam Groep NV's return on assets of last year was 0.02008528. ==> 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.

Koninklijke Bam Groep NV's current Net Income (TTM) was 247. Koninklijke Bam Groep NV's current Cash Flow from Operations (TTM) was 404. ==> 404 > 247 ==> 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
=288.889/4438.5245
=0.06508672

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=249.15/4181.1345
=0.05958909

Koninklijke Bam Groep NV's gearing of this year was 0.06508672. Koninklijke Bam Groep NV's gearing of last year was 0.05958909. ==> 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
=3193.083/3255.683
=0.98077208

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=2722.224/2783.996
=0.97781175

Koninklijke Bam Groep NV's current ratio of this year was 0.98077208. Koninklijke Bam Groep NV's current ratio of last year was 0.97781175. ==> This year's current ratio is higher. ==> Score 1.

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.

Koninklijke Bam Groep NV's number of shares in issue this year was 263.489. Koninklijke Bam Groep NV's number of shares in issue last year was 270.597. ==> 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
=2266.032/8243.443
=0.27488902

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1839.371/6759.111
=0.27213209

Koninklijke Bam Groep NV's gross margin of this year was 0.27488902. Koninklijke Bam Groep NV's gross margin of last year was 0.27213209. ==> 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 (Dec24)
=8243.443/4074.352
=2.02325253

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=6759.111/4287.917
=1.57631573

Koninklijke Bam Groep NV's asset turnover of this year was 2.02325253. Koninklijke Bam Groep NV's asset turnover of last year was 1.57631573. ==> 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+1+1+1+1
=8

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

Koninklijke Bam Groep NV has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Koninklijke Bam Groep NV (KBAGF) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Koninklijke Bam Groep NV and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Koninklijke Bam Groep NV's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Koninklijke Bam Groep NV ranks #28 out of 1735 companies in the Construction industry, placing it in the top 1.6%.
Is Koninklijke Bam Groep NV's Piotroski F-Score too high?
Koninklijke Bam Groep NV's current Piotroski F-Score of 8 is 33% above 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 Construction industry median Piotroski F-Score is 5.00. Koninklijke Bam Groep NV's value of 8 is 60% above this industry median. Based on the distribution chart, Koninklijke Bam Groep NV ranks #28 out of 1735 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Koninklijke Bam Groep NV has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Koninklijke Bam Groep NV's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Koninklijke Bam Groep NV ranks #28 out of 1735 companies for Piotroski F-Score. This places Koninklijke Bam Groep NV in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Koninklijke Bam Groep NV's value of 8 is 60% above this benchmark. Historically, Koninklijke Bam Groep NV'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 6.00 vs. the industry median of 5.00, Koninklijke Bam Groep NV 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,735 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. Koninklijke Bam Groep NV's current Piotroski F-Score of 8 is 60% 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 Koninklijke Bam Groep NV and its competitors. For the Construction 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. Koninklijke Bam Groep NV's current Piotroski F-Score is 8, which is 33% above 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 Koninklijke Bam Groep NV stock overvalued right now?
Based on GuruFocus' analysis, Koninklijke Bam Groep NV (KBAGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.05, compared to a current price of $10.42 — trading 106.3% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Construction industry median of 5.00. Koninklijke Bam Groep NV's overall GF Score™ is 55/100 with 6 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 Koninklijke Bam Groep NV (KBAGF), the current Piotroski F-Score is 8 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 Koninklijke Bam Groep NV (KBAGF) Overvalued in 2026?

Based on GuruFocus' analysis, Koninklijke Bam Groep NV stock appears to be overvalued. The current stock price of $10.42 is trading 106.3% above its estimated GF Value™ of $5.05. GuruFocus considers Koninklijke Bam Groep NV to be Significantly Overvalued.

Key valuation signals for KBAGF:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: $5.05 vs. price of $10.42 (106.3% above fair value)
  • GF Score™: 55/100 with 6 warning signs
  • Industry Position: 60% above the Construction median (#28 of 1735)

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


Koninklijke Bam Groep NV Business Description

Address Runnenburg 9, Bunnik, NLD, 3981 AZ
Koninklijke BAM Groep NV is a construction and civil engineering company operating at the heart of society. The company builds, maintains, and improves homes, offices, schools, universities, hospitals, and leisure facilities, and enhances road networks, railway lines, and airports. It also builds and upgrades infrastructure to support the energy transition and strengthens coastal defenses and water-management schemes. Its activities are organized across four primary domains: housing and buildings, transportation infrastructure, energy and utilities infrastructure, and environmental and climate resilience.
55GF Score

Get the complete analysis for KBAGF

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

$10.42
Price
$5.05
GF Value