Binary HelixWAR:BHX 42 Piotroski F-Score is 2 as of Jun. 30, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates WAR:BHX with a GF Score™ of 42/100 and a GF Value™ of zł1.71 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,432 Hardware companies, Binary Helix ranks worse than 93.34% on this metric.
Warning Sign:
Piotroski F-Score of 2 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
Binary Helix has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Binary Helix's Piotroski F-Score or its related term are showing as below:
WAR:BHX'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 7
Current: 2
During the past 13 years, the highest Piotroski F-Score of Binary Helix was 7. The lowest was 2. And the median was 5.
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.
Binary Helix Piotroski F-Score Related Terms
Binary Helix Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Binary Helix'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.
WAR:BHX vs COHR, KEYS, GRMN: Piotroski F-Score Comparison
For the Scientific & Technical Instruments subindustry, Binary Helix'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.
Binary Helix Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, Binary Helix's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Binary Helix'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.
Binary Helix's current Net Income (TTM) was -0.66.
==> 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.
Binary Helix's return on assets of this year was -0.23489453. Binary Helix's return on assets of last year was 0.04512704.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Binary Helix's current ratio of this year was 2.31775701. Binary Helix's current ratio of last year was 0.28398058.
==> 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.
Binary Helix's number of shares in issue this year was 9.673. Binary Helix's number of shares in issue last year was 5.173.
==> 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.
Binary Helix's gross margin of this year was 0.26262626. Binary Helix's gross margin of last year was 1.
==> 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
Binary Helix's asset turnover of this year was 0.03539507. Binary Helix's asset turnover of last year was 0.08608267.
==> 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
Binary Helix has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
Binary Helix (WAR:BHX) has a Piotroski F-Score of 2 as of Jun. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Binary Helix and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Binary Helix's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Binary Helix ranks #2270 out of 2432 companies in the Hardware industry, placing it in the top 93.3%.
Is Binary Helix's Piotroski F-Score too high?
Binary Helix's current Piotroski F-Score of 2 is 60% 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 7.00. The Hardware industry median Piotroski F-Score is 5.00. Binary Helix's value of 2 is 60% below this industry median. Based on the distribution chart, Binary Helix ranks #2270 out of 2432 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Binary Helix has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Binary Helix's Piotroski F-Score compare to COHR and KEYS?
According to the Hardware industry distribution chart, Binary Helix ranks #2270 out of 2432 companies for Piotroski F-Score. This places Binary Helix in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Binary Helix's value of 2 is 60% below this benchmark. Historically, Binary Helix's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Binary Helix 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,432 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. Binary Helix's current Piotroski F-Score of 2 is 60% 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 Binary Helix and its competitors. For the Hardware 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. Binary Helix's current Piotroski F-Score is 2, which is 60% 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 Binary Helix stock overvalued right now?
Based on GuruFocus' analysis, Binary Helix (WAR:BHX) is currently considered Significantly Overvalued. The stock's GF Value™ is zł1.71, compared to a current price of zł3.66 — trading 114% above its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Hardware industry median of 5.00. Binary Helix's overall GF Score™ is 42/100 with 5 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 Binary Helix (WAR:BHX), the current Piotroski F-Score is 2 as of Jun. 30, 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 Binary Helix (WAR:BHX) Overvalued in 2026?
Based on GuruFocus' analysis, Binary Helix stock appears to be overvalued.
The current stock price of zł3.66 is trading 114% above its estimated GF Value™ of zł1.71.
GuruFocus considers Binary Helix to be Significantly Overvalued.
Key valuation signals for WAR:BHX:
Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
GF Value™: zł1.71 vs. price of zł3.66 (114% above fair value)
Industry Position: 60% below the Hardware median (#2270 of 2432)
No single metric tells the full story. See the WAR:BHX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Binary Helix SA is engaged in designing and manufacturing high-technology products. The company designs, produces, and implements telemetry solutions, monitoring buildings, vehicles, and control systems known as Intelligent House. Its products include MediaCommunicator Basic+, MediaCommunicator Advance, Power Reducer, Sky Guardian, Rotoss Basic, Sky Track, and Roll Screen.
42GF Score
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