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Boubyan Petrochemical Co KSC (KUW:BPCC) 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.
Boubyan Petrochemical Co KSC Piotroski F-Score Related Terms
Boubyan Petrochemical Co KSC Piotroski F-Score Historical Data
* 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.
Boubyan Petrochemical Co KSC Piotroski F-Score Chart
For the Chemicals subindustry, Boubyan Petrochemical Co KSC'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.
Boubyan Petrochemical Co KSC Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Boubyan Petrochemical Co KSC's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Boubyan Petrochemical Co KSC'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.
*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.
Boubyan Petrochemical Co KSC's current Net Income (TTM) was 26.9.
==> 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.
Boubyan Petrochemical Co KSC's current Cash Flow from Operations (TTM) was 41.4.
==> 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.
Boubyan Petrochemical Co KSC's return on assets of this year was 0.0423881. Boubyan Petrochemical Co KSC's return on assets of last year was 0.04087247.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Boubyan Petrochemical Co KSC's gearing of this year was 0.45661508. Boubyan Petrochemical Co KSC's gearing of last year was 0.40458652.
==> 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
Boubyan Petrochemical Co KSC's current ratio of this year was 1.83716392. Boubyan Petrochemical Co KSC's current ratio of last year was 1.29099258.
==> 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.
Boubyan Petrochemical Co KSC's number of shares in issue this year was 560.303. Boubyan Petrochemical Co KSC's number of shares in issue last year was 560.311.
==> 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.
Boubyan Petrochemical Co KSC's gross margin of this year was 0.3701565. Boubyan Petrochemical Co KSC's gross margin of last year was 0.38992604.
==> 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
Boubyan Petrochemical Co KSC's asset turnover of this year was 0.16643178. Boubyan Petrochemical Co KSC's asset turnover of last year was 0.1605058.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Boubyan Petrochemical Co KSC has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Boubyan Petrochemical Co KSC (KUW:BPCC) has a Piotroski F-Score of 7 as of Sep. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Boubyan Petrochemical Co KSC and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Boubyan Petrochemical Co KSC's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Boubyan Petrochemical Co KSC ranks #190 out of 1595 companies in the Chemicals industry, placing it in the top 11.9%.
Is Boubyan Petrochemical Co KSC's Piotroski F-Score too high?
Boubyan Petrochemical Co KSC's current Piotroski F-Score of 7 is 17% 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 9.00. The Chemicals industry median Piotroski F-Score is 5.00. Boubyan Petrochemical Co KSC's value of 7 is 40% above this industry median. Based on the distribution chart, Boubyan Petrochemical Co KSC ranks #190 out of 1595 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Boubyan Petrochemical Co KSC has a GF Score™ of 42/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Boubyan Petrochemical Co KSC's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Boubyan Petrochemical Co KSC ranks #190 out of 1595 companies for Piotroski F-Score. This places Boubyan Petrochemical Co KSC in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Boubyan Petrochemical Co KSC's value of 7 is 40% above this benchmark. Historically, Boubyan Petrochemical Co KSC's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Boubyan Petrochemical Co KSC 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,595 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. Boubyan Petrochemical Co KSC's current Piotroski F-Score of 7 is 40% 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 Boubyan Petrochemical Co KSC and its competitors. For the Chemicals 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. Boubyan Petrochemical Co KSC's current Piotroski F-Score is 7, which is 17% 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 Boubyan Petrochemical Co KSC stock overvalued right now?
Based on GuruFocus' analysis, Boubyan Petrochemical Co KSC (KUW:BPCC) is currently considered Fairly Valued. The stock's GF Value™ is KWD0.70, compared to a current price of KWD0.72 — trading 3% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Chemicals industry median of 5.00. Boubyan Petrochemical Co KSC's overall GF Score™ is 42/100 with 11 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 Boubyan Petrochemical Co KSC (KUW:BPCC), the current Piotroski F-Score is 7 as of Sep. 07, 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 Boubyan Petrochemical Co KSC (KUW:BPCC) Overvalued in 2026?
Based on GuruFocus' analysis, Boubyan Petrochemical Co KSC stock appears to be overvalued.
The current stock price of KWD0.72 is trading 3% above its estimated GF Value™ of KWD0.70.
GuruFocus considers Boubyan Petrochemical Co KSC to be Fairly Valued.
Key valuation signals for KUW:BPCC:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: KWD0.70 vs. price of KWD0.72 (3% above fair value)
Industry Position: 40% above the Chemicals median (#190 of 1595)
No single metric tells the full story. See the KUW:BPCC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boubyan Petrochemical Co KSC is engaged in manufacturing petrochemical material and its derivatives and also sells, purchases, supplies, distributes, exports and stores such materials. The company's operating segment includes Energy, manufacturing and petrochemical sector and Services and education, and Others. It generates maximum revenue from the Energy, manufacturing and petrochemical sector segment.
42GF Score
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