Benso Oil Palm Plantation (XGHA:BOPP) Piotroski F-Score: 6 (As of Aug. 23, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XGHA:BOPP Benso Oil Palm Plantation XGHA:BOPP
75 GF Score
Price GHS76.00
GF Value GHS25.66
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Benso Oil Palm Plantation Piotroski F-Score?

Benso Oil Palm Plantation XGHA:BOPP -1.30% 75 Piotroski F-Score is 6 as of Aug. 23, 2026, which is at its 10-year median of 6.00. GuruFocus rates XGHA:BOPP with a GF Score™ of 75/100 and a GF Value™ of GHS25.66 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,916 Consumer Packaged Goods companies, Benso Oil Palm Plantation ranks better than 71.76% 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

Benso Oil Palm Plantation has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

XGHA:BOPP' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 6   Max: 8
Current: 6

During the past 9 years, the highest Piotroski F-Score of Benso Oil Palm Plantation was 8. The lowest was 5. And the median was 6.

Benso Oil Palm Plantation  (XGHA:BOPP) 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.


Benso Oil Palm Plantation Piotroski F-Score Related Terms


Benso Oil Palm Plantation Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Benso Oil Palm Plantation'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.

Benso Oil Palm Plantation Piotroski F-Score Chart

Benso Oil Palm Plantation Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 7.00 5.00 5.00 5.00 6.00

Benso Oil Palm Plantation Quarterly Data
Dec17 Dec18 Dec19 Dec20 Sep21 Dec21 Jun22 Sep22 Dec22 Sep23 Dec23 Sep24 Dec24 Dec25
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 0.00 5.00 0.00 5.00 6.00

XGHA:BOPP vs ADM, TSN, BG: Piotroski F-Score Comparison

For the Farm Products subindustry, Benso Oil Palm Plantation'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.


Benso Oil Palm Plantation Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


XGHA:BOPP
75GF Score
Benso Oil Palm Plantation XGHA:BOPP
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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was GHS84.54 Mil.
Cash Flow from Operations was GHS135.16 Mil.
Revenue was GHS369.02 Mil.
Gross Profit was GHS124.68 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (380.963 + 424.152) / 2 = GHS402.5575 Mil.
Total Assets at the begining of this year (Dec24) was GHS380.96 Mil.
Long-Term Debt & Capital Lease Obligation was GHS1.21 Mil.
Total Current Assets was GHS163.43 Mil.
Total Current Liabilities was GHS83.99 Mil.
Net Income was GHS95.26 Mil.

Revenue was GHS346.89 Mil.
Gross Profit was GHS129.40 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (369.175 + 380.963) / 2 = GHS375.069 Mil.
Total Assets at the begining of last year (Dec23) was GHS369.18 Mil.
Long-Term Debt & Capital Lease Obligation was GHS1.21 Mil.
Total Current Assets was GHS172.60 Mil.
Total Current Liabilities was GHS52.73 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.

Benso Oil Palm Plantation's current Net Income (TTM) was 84.54. ==> 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.

Benso Oil Palm Plantation's current Cash Flow from Operations (TTM) was 135.16. ==> 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 (Dec24)
=84.544/380.963
=0.22192181

ROA (Last Year)=Net Income/Total Assets (Dec23)
=95.264/369.175
=0.25804564

Benso Oil Palm Plantation's return on assets of this year was 0.22192181. Benso Oil Palm Plantation's return on assets of last year was 0.25804564. ==> Last year is higher ==> Score 0.

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.

Benso Oil Palm Plantation's current Net Income (TTM) was 84.54. Benso Oil Palm Plantation's current Cash Flow from Operations (TTM) was 135.16. ==> 135.16 > 84.54 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=1.208/402.5575
=0.00300081

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=1.208/375.069
=0.00322074

Benso Oil Palm Plantation's gearing of this year was 0.00300081. Benso Oil Palm Plantation's gearing of last year was 0.00322074. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=163.432/83.991
=1.94582753

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=172.602/52.727
=3.27350314

Benso Oil Palm Plantation's current ratio of this year was 1.94582753. Benso Oil Palm Plantation's current ratio of last year was 3.27350314. ==> Last year's current ratio is higher ==> Score 0.

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.

Benso Oil Palm Plantation's number of shares in issue this year was 34.8. Benso Oil Palm Plantation's number of shares in issue last year was 34.8. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=124.677/369.017
=0.33786248

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=129.395/346.893
=0.37301127

Benso Oil Palm Plantation's gross margin of this year was 0.33786248. Benso Oil Palm Plantation's gross margin of last year was 0.37301127. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Dec24)
=369.017/380.963
=0.96864262

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=346.893/369.175
=0.9396438

Benso Oil Palm Plantation's asset turnover of this year was 0.96864262. Benso Oil Palm Plantation's asset turnover of last year was 0.9396438. ==> 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+0+1+1+0+1+0+1
=6

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

Benso Oil Palm Plantation has an F-score of 6 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 6 mean?
Benso Oil Palm Plantation (XGHA:BOPP) has a Piotroski F-Score of 6 as of Aug. 23, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Benso Oil Palm Plantation and its competitors. This is near median its historical median of 6.00. Over the past decade, Benso Oil Palm Plantation's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, Benso Oil Palm Plantation ranks #541 out of 1916 companies in the Consumer Packaged Goods industry, placing it in the top 28.2%.
Is Benso Oil Palm Plantation's Piotroski F-Score too high?
Benso Oil Palm Plantation's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Benso Oil Palm Plantation's value of 6 is 20% above this industry median. Based on the distribution chart, Benso Oil Palm Plantation ranks #541 out of 1916 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Benso Oil Palm Plantation has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Benso Oil Palm Plantation's Piotroski F-Score compare to ADM and TSN?
According to the Consumer Packaged Goods industry distribution chart, Benso Oil Palm Plantation ranks #541 out of 1916 companies for Piotroski F-Score. This puts Benso Oil Palm Plantation in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Benso Oil Palm Plantation's value of 6 is 20% above this benchmark. Historically, Benso Oil Palm Plantation's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Benso Oil Palm Plantation 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,916 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. Benso Oil Palm Plantation's current Piotroski F-Score of 6 is 20% 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 Benso Oil Palm Plantation 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. Benso Oil Palm Plantation's current Piotroski F-Score is 6, which is near 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 Benso Oil Palm Plantation stock overvalued right now?
Based on GuruFocus' analysis, Benso Oil Palm Plantation (XGHA:BOPP) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS25.66, compared to a current price of GHS76.00 — trading 196.2% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Benso Oil Palm Plantation's overall GF Score™ is 75/100 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 Benso Oil Palm Plantation (XGHA:BOPP), the current Piotroski F-Score is 6 as of Aug. 23, 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 Benso Oil Palm Plantation (XGHA:BOPP) Overvalued in 2026?

Based on GuruFocus' analysis, Benso Oil Palm Plantation stock appears to be overvalued. The current stock price of GHS76.00 is trading 196.2% above its estimated GF Value™ of GHS25.66. GuruFocus considers Benso Oil Palm Plantation to be Significantly Overvalued.

Key valuation signals for XGHA:BOPP:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: GHS25.66 vs. price of GHS76.00 (196.2% above fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#541 of 1916)

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


Benso Oil Palm Plantation Business Description

Address Adum Banso Estate, P.O.Box 470, Takoradi, GHA
Benso Oil Palm Plantation is engaged in the business of growing oil palm and the processing of palm fruits to produce palm oil and palm kernel oil. The product of the Company is crude palm oil.
75GF Score

Get the complete analysis for XGHA:BOPP

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

GHS76.00
Price
GHS25.66
GF Value