RDBBF (Articore Group) Piotroski F-Score: 8 (As of Sep. 14, 2026) — 60% Above Median

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RDBBF Articore Group Ltd RDBBF
45 GF Score
Price $0.26
GF Value $0.19
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Articore Group Piotroski F-Score?

Articore Group RDBBF 45 Piotroski F-Score is 8 as of Sep. 14, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates RDBBF with a GF Score™ of 45/100 and a GF Value™ of $0.19 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,105 Retail - Cyclical companies, Articore Group ranks better than 98.1% 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

Articore Group 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 Articore Group's Piotroski F-Score or its related term are showing as below:

RDBBF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 8

During the past 11 years, the highest Piotroski F-Score of Articore Group was 8. The lowest was 2. And the median was 5.

Articore Group  (OTCPK:RDBBF) 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.


Articore Group Piotroski F-Score Related Terms


Articore Group Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Articore Group'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.

Articore Group Piotroski F-Score Chart

Articore Group Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 2.00 6.00 3.00 8.00

Articore Group Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
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 6.00 0.00 3.00 0.00 8.00

RDBBF vs AMZN, BABA, PDD: Piotroski F-Score Comparison

For the Internet Retail subindustry, Articore Group'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.


Articore Group Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Articore Group's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Articore Group's Piotroski F-Score falls into.


RDBBF
45GF Score
Articore Group Ltd RDBBF
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was $7.7 Mil.
Cash Flow from Operations was $17.1 Mil.
Revenue was $287.1 Mil.
Gross Profit was $123.6 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was (71.233 + 85.105) / 2 = $78.169 Mil.
Total Assets at the begining of this year (Jun25) was $71.2 Mil.
Long-Term Debt & Capital Lease Obligation was $1.4 Mil.
Total Current Assets was $37.6 Mil.
Total Current Liabilities was $42.9 Mil.
Net Income was $-7.4 Mil.

Revenue was $285.6 Mil.
Gross Profit was $112.6 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was (86.657 + 71.233) / 2 = $78.945 Mil.
Total Assets at the begining of last year (Jun24) was $86.7 Mil.
Long-Term Debt & Capital Lease Obligation was $2.1 Mil.
Total Current Assets was $25.5 Mil.
Total Current Liabilities was $37.2 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.

Articore Group's current Net Income (TTM) was 7.7. ==> 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.

Articore Group's current Cash Flow from Operations (TTM) was 17.1. ==> 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 (Jun25)
=7.656/71.233
=0.10747828

ROA (Last Year)=Net Income/Total Assets (Jun24)
=-7.354/86.657
=-0.08486331

Articore Group's return on assets of this year was 0.10747828. Articore Group's return on assets of last year was -0.08486331. ==> 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.

Articore Group's current Net Income (TTM) was 7.7. Articore Group's current Cash Flow from Operations (TTM) was 17.1. ==> 17.1 > 7.7 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=1.383/78.169
=0.01769244

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=2.094/78.945
=0.0265248

Articore Group's gearing of this year was 0.01769244. Articore Group's gearing of last year was 0.0265248. ==> 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

Current Ratio (This Year: Jun26)=Total Current Assets/Total Current Liabilities
=37.567/42.867
=0.87636177

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=25.525/37.156
=0.68696846

Articore Group's current ratio of this year was 0.87636177. Articore Group's current ratio of last year was 0.68696846. ==> 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.

Articore Group's number of shares in issue this year was 300.967. Articore Group's number of shares in issue last year was 285.863. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=123.635/287.105
=0.43062643

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=112.633/285.576
=0.39440639

Articore Group's gross margin of this year was 0.43062643. Articore Group's gross margin of last year was 0.39440639. ==> 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 (Jun25)
=287.105/71.233
=4.03050552

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=285.576/86.657
=3.29547526

Articore Group's asset turnover of this year was 4.03050552. Articore Group's asset turnover of last year was 3.29547526. ==> 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+1+1+0+1+1
=8

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

Articore Group 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?
Articore Group (RDBBF) has a Piotroski F-Score of 8 as of Sep. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Articore Group and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Articore Group's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Articore Group ranks #21 out of 1105 companies in the Retail - Cyclical industry, placing it in the top 1.9%.
Is Articore Group's Piotroski F-Score too high?
Articore Group's current Piotroski F-Score of 8 is 60% above 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 Retail - Cyclical industry median Piotroski F-Score is 6.00. Articore Group's value of 8 is 33.3% above this industry median. Based on the distribution chart, Articore Group ranks #21 out of 1105 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Articore Group has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Articore Group's Piotroski F-Score compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Articore Group ranks #21 out of 1105 companies for Piotroski F-Score. This places Articore Group in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Articore Group's value of 8 is 33.3% above this benchmark. Historically, Articore Group'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 6.00, Articore Group 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 6.00, based on 1,105 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. Articore Group's current Piotroski F-Score of 8 is 33.3% 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 Articore Group and its competitors. For the Retail - Cyclical 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. Articore Group's current Piotroski F-Score is 8, which is 60% above 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 Articore Group stock overvalued right now?
Based on GuruFocus' analysis, Articore Group (RDBBF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.19, compared to a current price of $0.26 — trading 34.2% above its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 33.3% above the Retail - Cyclical industry median of 6.00. Articore Group's overall GF Score™ is 45/100 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 Articore Group (RDBBF), the current Piotroski F-Score is 8 as of Sep. 14, 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 Articore Group (RDBBF) Overvalued in 2026?

Based on GuruFocus' analysis, Articore Group stock appears to be overvalued. The current stock price of $0.26 is trading 34.2% above its estimated GF Value™ of $0.19. GuruFocus considers Articore Group to be Significantly Overvalued.

Key valuation signals for RDBBF:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: $0.19 vs. price of $0.26 (34.2% above fair value)
  • GF Score™: 45/100 with 6 warning signs
  • Industry Position: 33.3% above the Retail - Cyclical median (#21 of 1105)

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


Articore Group Business Description

Other Exchanges ATG:Australia
Address 697 Collins Street, Level 12, Docklands, Melbourne, VIC, AUS, 3008
Articore Group Ltd is an online marketplace, operating platforms that facilitate the sale and purchase of art and designs on various products between independent creatives and consumers. Its online platforms are: Redbubble.com, TeePublic.com, and Dashery.com. The products are produced and shipped by third-party service providers (i.e. product manufacturers, printers, and shipping companies) referred to as fulfillers. The group has two reportable segments: Redbubble, which generates the maximum revenue, and TeePublic. Geographically, it generates maximum revenue from the United States, followed by the United Kingdom, Australia, and the Rest of the world.
45GF Score

Get the complete analysis for RDBBF

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

$0.26
Price
$0.19
GF Value