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Goobit Group ABNGM:BTCX -9.09% Piotroski F-Score is 6 as of Jul. 19, 2026, which is 50% above its 10-year median of 4.00. The stock has 2 warning signs investors should review. Among 786 Capital Markets companies, Goobit Group AB ranks better than 81.93% 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
Goobit Group AB 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 Goobit Group AB's Piotroski F-Score or its related term are showing as below:
NGM:BTCX'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 6
Current: 6
During the past 8 years, the highest Piotroski F-Score of Goobit Group AB was 6. The lowest was 2. And the median was 4.
Goobit Group AB (NGM:BTCX) 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.
Goobit Group AB Piotroski F-Score Related Terms
Goobit Group AB Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Goobit Group AB'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.
NGM:BTCX vs SPGI, CME, MCO: Piotroski F-Score Comparison
For the Financial Data & Stock Exchanges subindustry, Goobit Group AB'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.
Goobit Group AB Piotroski F-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Goobit Group AB's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Goobit Group AB'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.
Goobit Group AB's current Net Income (TTM) was -21.8.
==> 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.
Goobit Group AB's return on assets of this year was -1.09724318. Goobit Group AB's return on assets of last year was -0.30408262.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Goobit Group AB's current ratio of this year was 0.80115067. Goobit Group AB's current ratio of last year was 0.70878854.
==> 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.
Goobit Group AB's number of shares in issue this year was 329.775. Goobit Group AB's number of shares in issue last year was 284.352.
==> 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.
Goobit Group AB's gross margin of this year was 0.05136484. Goobit Group AB's gross margin of last year was 0.04909949.
==> 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
Goobit Group AB's asset turnover of this year was 10.29842036. Goobit Group AB's asset turnover of last year was 10.01796715.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Goobit Group AB has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Goobit Group AB (NGM:BTCX) has a Piotroski F-Score of 6 as of Jul. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Goobit Group AB and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Goobit Group AB's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, Goobit Group AB ranks #142 out of 786 companies in the Capital Markets industry, placing it in the top 18.1%.
Is Goobit Group AB's Piotroski F-Score too high?
Goobit Group AB's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Capital Markets industry median Piotroski F-Score is 5.00. Goobit Group AB's value of 6 is 20% above this industry median. Based on the distribution chart, Goobit Group AB ranks #142 out of 786 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers.
How does Goobit Group AB's Piotroski F-Score compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Goobit Group AB ranks #142 out of 786 companies for Piotroski F-Score. This places Goobit Group AB in the top 18% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Goobit Group AB's value of 6 is 20% above this benchmark. Historically, Goobit Group AB's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Goobit Group AB 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 786 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. Goobit Group AB'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 Goobit Group AB and its competitors. For the Capital Markets 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. Goobit Group AB's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goobit Group AB stock overvalued right now?
Based on GuruFocus' analysis, Goobit Group AB (NGM:BTCX) is currently considered Possible Value Trap. The stock's GF Value™ is kr0.06, compared to a current price of kr0.04 — trading 33.3% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Capital Markets industry median of 5.00. 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 Goobit Group AB (NGM:BTCX), the current Piotroski F-Score is 6 as of Jul. 19, 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.
Goobit Group AB is a Swedish cryptocurrency and blockchain company. The company operates BTCX, a Bitcoin exchange platform, offering exchange services in Swedish kronor and euros. It operates under the brands BTCX Express Exchange, BTCX Standard Exchange and BTCX OTC Service. The company also provides AML Desk, a compliance service focused on anti-money laundering and crypto-asset risk assessment.
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