Bloober Team (WAR:BLO) Piotroski F-Score: 8 (As of Jul. 14, 2026) — 60% Above Median

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WAR:BLO Bloober Team SA WAR:BLO
93 GF Score
Price zł23.95
GF Value zł44.55
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is Bloober Team Piotroski F-Score?

Bloober Team WAR:BLO -1.24% 93 Piotroski F-Score is 8 as of Jul. 14, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates WAR:BLO with a GF Score™ of 93/100 and a GF Value™ of zł44.55 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 550 Interactive Media companies, Bloober Team ranks better than 97.64% 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

Bloober Team 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 Bloober Team's Piotroski F-Score or its related term are showing as below:

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

During the past 13 years, the highest Piotroski F-Score of Bloober Team was 8. The lowest was 2. And the median was 5.

Bloober Team  (WAR:BLO) 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.


Bloober Team Piotroski F-Score Related Terms


Bloober Team Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Bloober Team'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.

Bloober Team Piotroski F-Score Chart

Bloober Team Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.00 4.00 6.00 7.00 7.00

Bloober Team 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 4.00 7.00 7.00 8.00

WAR:BLO vs NTES, EA, TTWO: Piotroski F-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Bloober Team'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.


Bloober Team Piotroski F-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Bloober Team's Piotroski F-Score distribution charts can be found below:

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


WAR:BLO
93GF Score
Bloober Team SA WAR:BLO
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 (Mar26) TTM:Last Year (Mar25) TTM:
Net Income was 4.632 + 35.54 + 7.7 + -1.015 = zł46.9 Mil.
Cash Flow from Operations was -16.207 + 14.79 + 40.577 + 24.529 = zł63.7 Mil.
Revenue was 16.866 + 64.161 + 39.359 + 28.101 = zł148.5 Mil.
Gross Profit was 8.913 + 45.457 + 11.849 + 2.087 = zł68.3 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(195.546 + 212.317 + 272.604 + 272.71 + 270.587) / 5 = zł244.7528 Mil.
Total Assets at the begining of this year (Mar25) was zł195.5 Mil.
Long-Term Debt & Capital Lease Obligation was zł0.0 Mil.
Total Current Assets was zł84.6 Mil.
Total Current Liabilities was zł79.8 Mil.
Net Income was -1.309 + 1.044 + 5.532 + 4.824 = zł10.1 Mil.

Revenue was 6.542 + 17.337 + 22.914 + 28.927 = zł75.7 Mil.
Gross Profit was 1.401 + 5.989 + 11.44 + 3.178 = zł22.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(153.67 + 158.426 + 187.884 + 193.795 + 195.546) / 5 = zł177.8642 Mil.
Total Assets at the begining of last year (Mar24) was zł153.7 Mil.
Long-Term Debt & Capital Lease Obligation was zł9.2 Mil.
Total Current Assets was zł42.8 Mil.
Total Current Liabilities was zł51.1 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.

Bloober Team's current Net Income (TTM) was 46.9. ==> 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.

Bloober Team's current Cash Flow from Operations (TTM) was 63.7. ==> 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 (Mar25)
=46.857/195.546
=0.23962137

ROA (Last Year)=Net Income/Total Assets (Mar24)
=10.091/153.67
=0.06566669

Bloober Team's return on assets of this year was 0.23962137. Bloober Team's return on assets of last year was 0.06566669. ==> 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.

Bloober Team's current Net Income (TTM) was 46.9. Bloober Team's current Cash Flow from Operations (TTM) was 63.7. ==> 63.7 > 46.9 ==> 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: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=0/244.7528
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=9.235/177.8642
=0.05192163

Bloober Team's gearing of this year was 0. Bloober Team's gearing of last year was 0.05192163. ==> 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: Mar26)=Total Current Assets/Total Current Liabilities
=84.578/79.828
=1.05950293

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=42.798/51.13
=0.83704283

Bloober Team's current ratio of this year was 1.05950293. Bloober Team's current ratio of last year was 0.83704283. ==> 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.

Bloober Team's number of shares in issue this year was 19.289. Bloober Team's number of shares in issue last year was 19.286. ==> 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
=68.306/148.487
=0.46001333

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=22.008/75.72
=0.29064976

Bloober Team's gross margin of this year was 0.46001333. Bloober Team's gross margin of last year was 0.29064976. ==> 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)
=148.487/195.546
=0.75934563

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=75.72/153.67
=0.49274419

Bloober Team's asset turnover of this year was 0.75934563. Bloober Team's asset turnover of last year was 0.49274419. ==> 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

Bloober Team 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?
Bloober Team (WAR:BLO) has a Piotroski F-Score of 8 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bloober Team and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Bloober Team's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Bloober Team ranks #13 out of 550 companies in the Interactive Media industry, placing it in the top 2.4%.
Is Bloober Team's Piotroski F-Score too high?
Bloober Team'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 Interactive Media industry median Piotroski F-Score is 5.00. Bloober Team's value of 8 is 60% above this industry median. Based on the distribution chart, Bloober Team ranks #13 out of 550 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Bloober Team has a GF Score™ of 93/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bloober Team's Piotroski F-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Bloober Team ranks #13 out of 550 companies for Piotroski F-Score. This places Bloober Team in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Bloober Team's value of 8 is 60% above this benchmark. Historically, Bloober Team'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 5.00, Bloober Team 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 an Interactive Media company?
The median Piotroski F-Score among Interactive Media companies is 5.00, based on 550 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. Bloober Team's current Piotroski F-Score of 8 is 60% 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 Bloober Team and its competitors. For the Interactive Media 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. Bloober Team'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 Bloober Team stock overvalued right now?
Based on GuruFocus' analysis, Bloober Team (WAR:BLO) is currently considered Possible Value Trap. The stock's GF Value™ is zł44.55, compared to a current price of zł23.95 — trading 46.2% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Interactive Media industry median of 5.00. Bloober Team's overall GF Score™ is 93/100 with 7 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 Bloober Team (WAR:BLO), the current Piotroski F-Score is 8 as of Jul. 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 Bloober Team (WAR:BLO) Overvalued in 2026?

Based on GuruFocus' analysis, Bloober Team stock appears to be undervalued. The current stock price of zł23.95 is trading 46.2% below its estimated GF Value™ of zł44.55. GuruFocus considers Bloober Team to be Possible Value Trap.

Key valuation signals for WAR:BLO:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: zł44.55 vs. price of zł23.95 (46.2% below fair value)
  • GF Score™: 93/100 with 7 warning signs
  • Industry Position: 60% above the Interactive Media median (#13 of 550)

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


Bloober Team Business Description

Other Exchanges 6BO:Germany
Address Cystersow 9, Krakow, POL, 31-553
Bloober Team SA is engaged in developing and publishing console games. The company offers action, building and music games.
93GF Score

Get the complete analysis for WAR:BLO

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

zł23.95
Price
zł44.55
GF Value