BraskemMEX:BAKN 48 Piotroski F-Score is 3 as of Jun. 25, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates MEX:BAKN with a GF Score™ of 48/100 and a GF Value™ of MXN134.71 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,566 Chemicals companies, Braskem ranks worse than 82.06% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Braskem has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Braskem's Piotroski F-Score or its related term are showing as below:
MEX:BAKN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 3
During the past 13 years, the highest Piotroski F-Score of Braskem was 8. The lowest was 2. And the median was 5.
Braskem (MEX:BAKN) 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.
Braskem Piotroski F-Score Related Terms
Braskem Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Braskem'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.
For the Chemicals subindustry, Braskem'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.
Braskem Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Braskem's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Braskem'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 -906.523 + -88.933 + -33944.063 + 4986.095 = MXN-29,953 Mil. Cash Flow from Operations was -967.637 + -2336.209 + -2970.312 + -14651.396 = MXN-20,926 Mil. Revenue was 60628.408 + 59171.418 + 53138.878 + 53405.702 = MXN226,344 Mil. Gross Profit was 1229.069 + 1491.343 + -1821.791 + 3793.019 = MXN4,692 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(339028.909 + 309993.589 + 298894.505 + 270229.065 + 261614.837) / 5 = MXN295952.181 Mil. Total Assets at the begining of this year (Mar25) was MXN339,029 Mil. Long-Term Debt & Capital Lease Obligation was MXN162,127 Mil. Total Current Assets was MXN90,312 Mil. Total Current Liabilities was MXN127,270 Mil.
Net Income was -12704.106 + -2108.481 + -19303.743 + 2479.954 = MXN-31,636 Mil.
Revenue was 64881.076 + 75606.656 + 65469.327 + 69140.267 = MXN275,097 Mil. Gross Profit was 4727.9 + 7996.584 + 3920.913 + 4654.355 = MXN21,300 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(311748.842 + 330140.086 + 329427.985 + 347224.673 + 339028.909) / 5 = MXN331514.099 Mil. Total Assets at the begining of last year (Mar24) was MXN311,749 Mil. Long-Term Debt & Capital Lease Obligation was MXN232,711 Mil. Total Current Assets was MXN121,159 Mil. Total Current Liabilities was MXN92,025 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.
Braskem's current Net Income (TTM) was -29,953.
==> Negative ==> Score 0.
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.
Braskem's return on assets of this year was -0.08835065. Braskem's return on assets of last year was -0.10148033.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Braskem's gearing of this year was 0.54781623. Braskem's gearing of last year was 0.70196305.
==> 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
Braskem's current ratio of this year was 0.70961013. Braskem's current ratio of last year was 1.31659009.
==> 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.
Braskem's number of shares in issue this year was 398.545. Braskem's number of shares in issue last year was 398.447.
==> 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.
Braskem's gross margin of this year was 0.02072788. Braskem's gross margin of last year was 0.07742624.
==> 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
Braskem's asset turnover of this year was 0.66762568. Braskem's asset turnover of last year was 0.88243255.
==> 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
Braskem has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Braskem (MEX:BAKN) has a Piotroski F-Score of 3 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Braskem and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Braskem's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Braskem ranks #1285 out of 1566 companies in the Chemicals industry, placing it in the top 82.1%.
Is Braskem's Piotroski F-Score too high?
Braskem's current Piotroski F-Score of 3 is 40% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Braskem's value of 3 is 40% below this industry median. Based on the distribution chart, Braskem ranks #1285 out of 1566 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Braskem has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Braskem's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Braskem ranks #1285 out of 1566 companies for Piotroski F-Score. This places Braskem in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Braskem's value of 3 is 40% below this benchmark. Historically, Braskem's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Braskem 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,566 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. Braskem's current Piotroski F-Score of 3 is 40% 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 Braskem 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. Braskem's current Piotroski F-Score is 3, which is 40% 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 Braskem stock overvalued right now?
Based on GuruFocus' analysis, Braskem (MEX:BAKN) is currently considered Possible Value Trap. The stock's GF Value™ is MXN134.71, compared to a current price of MXN57.50 — trading 57.3% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Chemicals industry median of 5.00. Braskem's overall GF Score™ is 48/100 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 Braskem (MEX:BAKN), the current Piotroski F-Score is 3 as of Jun. 25, 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 Braskem (MEX:BAKN) Overvalued in 2026?
Based on GuruFocus' analysis, Braskem stock appears to be undervalued.
The current stock price of MXN57.50 is trading 57.3% below its estimated GF Value™ of MXN134.71.
GuruFocus considers Braskem to be Possible Value Trap.
Key valuation signals for MEX:BAKN:
Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
GF Value™: MXN134.71 vs. price of MXN57.50 (57.3% below fair value)
Industry Position: 40% below the Chemicals median (#1285 of 1566)
No single metric tells the full story. See the MEX:BAKN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Braskem SA is engaged in the manufacture, sale, import and export of chemicals, petrochemicals and fuels, as well as the production, supply and sale of utilities such as steam, water, compressed air and industrial gases. It also provides industrial services and is engaged in the production, supply and sale of electric energy and gas for its own use and use by other companies. Its segments include Brazil, USA and Europe; and Mexico. The Brazil segments delivered the majority of the revenue from the production and sale of chemicals; the supply of electricity and other inputs produced in these complexes to second-generation producers located in the petrochemical complexes; and the production and sale of PE, including the production of green PE made from renewable resources, and of PP.
48GF Score
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