Beyond Oil (TSX:BOIL) Piotroski F-Score: 4 (As of Jun. 27, 2026) — Near Median


TSX:BOIL Beyond Oil Ltd TSX:BOIL
42 GF Score
Price C$2.40
GF Value C$8.82
Valuation Possible Value Trap
! 1 Warning Sign
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What is Beyond Oil Piotroski F-Score?

Beyond Oil TSX:BOIL -1.23% 42 Piotroski F-Score is 4 as of Jun. 27, 2026, which is at its 10-year median of 4.00. GuruFocus rates TSX:BOIL with a GF Score™ of 42/100 and a GF Value™ of C$8.82 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 1,911 Consumer Packaged Goods companies, Beyond Oil ranks worse than 66.93% 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

Beyond Oil has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Beyond Oil's Piotroski F-Score or its related term are showing as below:

TSX:BOIL' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 5
Current: 4

During the past 5 years, the highest Piotroski F-Score of Beyond Oil was 5. The lowest was 3. And the median was 4.

Beyond Oil  (TSX:BOIL) 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.


Beyond Oil Piotroski F-Score Related Terms


Beyond Oil Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Beyond Oil'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.

Beyond Oil Piotroski F-Score Chart

Beyond Oil Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 4.00 4.00 5.00

Beyond Oil Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 4.00 5.00 5.00 5.00 4.00

TSX:BOIL vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Beyond Oil'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.


Beyond Oil Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Beyond Oil's Piotroski F-Score distribution charts can be found below:

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


TSX:BOIL
42GF Score
Beyond Oil Ltd TSX:BOIL
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was -1.166 + -2.137 + -3.567 + -2.556 = C$-9.43 Mil.
Cash Flow from Operations was -4.068 + -2.99 + -1.486 + -3.18 = C$-11.72 Mil.
Revenue was 1.494 + 1.616 + 1.709 + 1.722 = C$6.54 Mil.
Gross Profit was 0.841 + 0.761 + 0.8 + 0.915 = C$3.32 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(12.091 + 25.48 + 25.145 + 23.743 + 21.752) / 5 = C$21.6422 Mil.
Total Assets at the begining of this year (Mar25) was C$12.09 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.36 Mil.
Total Current Assets was C$16.69 Mil.
Total Current Liabilities was C$2.40 Mil.
Net Income was -1.968 + -3.653 + -0.323 + -15.803 = C$-21.75 Mil.

Revenue was 0.048 + 0.18 + 0.457 + 1.451 = C$2.14 Mil.
Gross Profit was 0.022 + 0.072 + 0.201 + 0.736 = C$1.03 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(6.791 + 7.81 + 8.836 + 10.407 + 12.091) / 5 = C$9.187 Mil.
Total Assets at the begining of last year (Mar24) was C$6.79 Mil.
Long-Term Debt & Capital Lease Obligation was C$0.07 Mil.
Total Current Assets was C$7.66 Mil.
Total Current Liabilities was C$12.22 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.

Beyond Oil's current Net Income (TTM) was -9.43. ==> 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.

Score 1 if positive, 0 if negative.

Beyond Oil's current Cash Flow from Operations (TTM) was -11.72. ==> Negative ==> Score 0.

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 (Mar25)
=-9.426/12.091
=-0.77958812

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-21.747/6.791
=-3.20232661

Beyond Oil's return on assets of this year was -0.77958812. Beyond Oil's return on assets of last year was -3.20232661. ==> 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.

Beyond Oil's current Net Income (TTM) was -9.43. Beyond Oil's current Cash Flow from Operations (TTM) was -11.72. ==> -11.72 <= -9.43 ==> CFROA <= ROA ==> Score 0.

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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0.355/21.6422
=0.01640314

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0.07/9.187
=0.00761946

Beyond Oil's gearing of this year was 0.01640314. Beyond Oil's gearing of last year was 0.00761946. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=16.693/2.404
=6.94384359

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=7.663/12.218
=0.62718939

Beyond Oil's current ratio of this year was 6.94384359. Beyond Oil's current ratio of last year was 0.62718939. ==> 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.

Beyond Oil's number of shares in issue this year was 76.074. Beyond Oil's number of shares in issue last year was 62.583. ==> 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
=3.317/6.541
=0.507109

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1.031/2.136
=0.4826779

Beyond Oil's gross margin of this year was 0.507109. Beyond Oil's gross margin of last year was 0.4826779. ==> 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 (Mar25)
=6.541/12.091
=0.54098089

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2.136/6.791
=0.31453394

Beyond Oil's asset turnover of this year was 0.54098089. Beyond Oil's asset turnover of last year was 0.31453394. ==> 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
=0+0+1+0+0+1+0+1+1
=4

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

Beyond Oil has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Beyond Oil (TSX:BOIL) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Beyond Oil and its competitors. This is near median its historical median of 4.00. Over the past decade, Beyond Oil's Piotroski F-Score has ranged from 3.00 to 5.00. According to the industry distribution chart, Beyond Oil ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 66.9%.
Is Beyond Oil's Piotroski F-Score too high?
Beyond Oil's current Piotroski F-Score of 4 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 5.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Beyond Oil's value of 4 is 20% below this industry median. Based on the distribution chart, Beyond Oil ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Beyond Oil has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Beyond Oil's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Beyond Oil ranks #1279 out of 1911 companies for Piotroski F-Score. This places Beyond Oil in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Beyond Oil's value of 4 is 20% below this benchmark. Historically, Beyond Oil's own Piotroski F-Score has ranged from 3.00 to 5.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Beyond Oil 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Beyond Oil's current Piotroski F-Score of 4 is 20% 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 Beyond Oil and its competitors. For the Consumer Packaged Goods 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. Beyond Oil's current Piotroski F-Score is 4, which is near 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 Beyond Oil stock overvalued right now?
Based on GuruFocus' analysis, Beyond Oil (TSX:BOIL) is currently considered Possible Value Trap. The stock's GF Value™ is C$8.82, compared to a current price of C$2.40 — trading 72.8% below its estimated fair value. The current Piotroski F-Score is 4, which is near median its 10-year median of 4.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Beyond Oil's overall GF Score™ is 42/100 with 1 warning sign 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 Beyond Oil (TSX:BOIL), the current Piotroski F-Score is 4 as of Jun. 27, 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 Beyond Oil (TSX:BOIL) Overvalued in 2026?

Based on GuruFocus' analysis, Beyond Oil stock appears to be undervalued. The current stock price of C$2.40 is trading 72.8% below its estimated GF Value™ of C$8.82. GuruFocus considers Beyond Oil to be Possible Value Trap.

Key valuation signals for TSX:BOIL:

  • Piotroski F-Score: 4 (near median its 10-year median of 4.00)
  • GF Value™: C$8.82 vs. price of C$2.40 (72.8% below fair value)
  • GF Score™: 42/100 with 1 warning sign
  • Industry Position: 20% below the Consumer Packaged Goods median (#1279 of 1911)

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


Beyond Oil Business Description

Other Exchanges BEOLF:USAUH9:Germany
Address 1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9
Beyond Oil Ltd is a food-tech company that has developed a solution to reduce free fatty acids from oil while preserving the oil's quality and nutritional value. The company develops products that extend the usable life of frying oil, improve food quality, and reduce frying oil costs. It offers FryDay, which is an active filter powder that eliminates harmful Free Fatty Acids (FFA) generated in the oil.
42GF Score

Get the complete analysis for TSX:BOIL

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

C$2.40
Price
C$8.82
GF Value