Raiffeisen Bank Aval JSCPFTS:BAVL Piotroski F-Score is 9 as of Jun. 26, 2026, which is 50% above its 10-year median of 6.00. The stock has 3 warning signs investors should review. Among 1,498 Banks companies, Raiffeisen Bank Aval JSC ranks better than 99.93% on this metric.
Good Sign:
Piotroski F-Score is 9, 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
Raiffeisen Bank Aval JSC has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Raiffeisen Bank Aval JSC's Piotroski F-Score or its related term are showing as below:
PFTS:BAVL'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 9
During the past 13 years, the highest Piotroski F-Score of Raiffeisen Bank Aval JSC was 9. The lowest was 3. And the median was 6.
Raiffeisen Bank Aval JSC (PFTS:BAVL) 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.
Raiffeisen Bank Aval JSC Piotroski F-Score Related Terms
Raiffeisen Bank Aval JSC 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.
PFTS:BAVL vs PNC, USB: Piotroski F-Score Comparison
For the Banks - Regional subindustry, Raiffeisen Bank Aval JSC'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.
Raiffeisen Bank Aval JSC Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, Raiffeisen Bank Aval JSC's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Raiffeisen Bank Aval JSC'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 2524.2 + 2524.2 + 3404.517 + 1295.786 = ₴9,749 Mil. Cash Flow from Operations was 10649.474 + 8908.59 + 6333.895 + -202.454 = ₴25,690 Mil. Revenue was 5883.475 + 5614.634 + 6688.68 + 5689.303 = ₴23,876 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(227224.411 + 235985.721 + 242170.578 + 250206.638 + 258692.98) / 5 = ₴242856.0656 Mil. Total Assets at the begining of this year (Mar25) was ₴227,224 Mil. Long-Term Debt & Capital Lease Obligation was ₴0 Mil. Total Assets was ₴258,693 Mil. Total Liabilities was ₴217,438 Mil.
Net Income was 1787.967 + 1839.678 + -1871.067 + 2214.556 = ₴3,971 Mil.
Revenue was 5159.46 + 5124.068 + 4078.859 + 5381.055 = ₴19,743 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(195723.683 + 209057.989 + 214078.867 + 219839.653 + 227224.411) / 5 = ₴213184.9206 Mil. Total Assets at the begining of last year (Mar24) was ₴195,724 Mil. Long-Term Debt & Capital Lease Obligation was ₴0 Mil. Total Assets was ₴227,224 Mil. Total Liabilities was ₴196,546 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.
Raiffeisen Bank Aval JSC's current Net Income (TTM) was 9,749.
==> 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.
Raiffeisen Bank Aval JSC's current Cash Flow from Operations (TTM) was 25,690.
==> 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.
Raiffeisen Bank Aval JSC's return on assets of this year was 0.04290341. Raiffeisen Bank Aval JSC's return on assets of last year was 0.02028949.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Raiffeisen Bank Aval JSC's gearing of this year was 0. Raiffeisen Bank Aval JSC's gearing of last year was 0.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Raiffeisen Bank Aval JSC's current ratio of this year was 1.18973064. Raiffeisen Bank Aval JSC's current ratio of last year was 1.15608727.
==> 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.
Raiffeisen Bank Aval JSC's number of shares in issue this year was 61411.659. Raiffeisen Bank Aval JSC's number of shares in issue last year was 61515.444.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Raiffeisen Bank Aval JSC's net margin of this year was 0.40830396. Raiffeisen Bank Aval JSC's net margin of last year was 0.20113686.
==> This year's net 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
Raiffeisen Bank Aval JSC's asset turnover of this year was 0.10507714. Raiffeisen Bank Aval JSC's asset turnover of last year was 0.10087406.
==> 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
Raiffeisen Bank Aval JSC has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
Raiffeisen Bank Aval JSC (PFTS:BAVL) has a Piotroski F-Score of 9 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Raiffeisen Bank Aval JSC and its competitors. This is 50% above median its historical median of 6.00. Over the past decade, Raiffeisen Bank Aval JSC's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Raiffeisen Bank Aval JSC ranks #1 out of 1498 companies in the Banks industry, placing it in the top 0.099999999999994%.
Is Raiffeisen Bank Aval JSC's Piotroski F-Score too high?
Raiffeisen Bank Aval JSC's current Piotroski F-Score of 9 is 50% 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 Banks industry median Piotroski F-Score is 6.00. Raiffeisen Bank Aval JSC's value of 9 is 50% above this industry median. Based on the distribution chart, Raiffeisen Bank Aval JSC ranks #1 out of 1498 companies in the Banks industry, which is in the top quartile — a strong position relative to peers.
How does Raiffeisen Bank Aval JSC's Piotroski F-Score compare to PNC and USB?
According to the Banks industry distribution chart, Raiffeisen Bank Aval JSC ranks #1 out of 1498 companies for Piotroski F-Score. This places Raiffeisen Bank Aval JSC in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Raiffeisen Bank Aval JSC's value of 9 is 50% above this benchmark. Historically, Raiffeisen Bank Aval JSC'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 6.00, Raiffeisen Bank Aval JSC 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 Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,498 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. Raiffeisen Bank Aval JSC's current Piotroski F-Score of 9 is 50% 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 Raiffeisen Bank Aval JSC and its competitors. For the Banks industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Raiffeisen Bank Aval JSC's current Piotroski F-Score is 9, which is 50% 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 Raiffeisen Bank Aval JSC stock overvalued right now?
Based on GuruFocus' analysis, Raiffeisen Bank Aval JSC (PFTS:BAVL) is currently considered Fairly Valued. The stock's GF Value™ is ₴0.45, compared to a current price of ₴0.46 — trading 2.8% above its estimated fair value. The current Piotroski F-Score is 9, which is 50% above median its 10-year median of 6.00 and 50% above the Banks industry median of 6.00. 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 Raiffeisen Bank Aval JSC (PFTS:BAVL), the current Piotroski F-Score is 9 as of Jun. 26, 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.
Raiffeisen Bank Aval JSC is a Ukraine based bank. It provides banking services to private individuals, corporate clients, and small and micro enterprises in Ukraine through electronic channels. It offers services and products to private individuals, including deposits; money transfers in UAH and foreign currencies, with or without opening an account; a wide list of new payment instruments including MasterCard and Visa International cards; consumer loans and many others. Its segments include Corporate & Small enterprises, Micro customers & Private individuals, Financial institutions, and Proprietary business. The majority of its revenue comes from Corporate & Small enterprises segment.
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