Bloom Energy (XSWX:BE) Piotroski F-Score: 7 (As of Jul. 04, 2026) — 75% Above Median


XSWX:BE Bloom Energy Corp XSWX:BE
64 GF Score
Price CHF220.40
GF Value CHF24.98
! 3 Warning Signs
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What is Bloom Energy Piotroski F-Score?

Bloom Energy XSWX:BE +0.48% 64 Piotroski F-Score is 7 as of Jul. 04, 2026, which is 75% above its 10-year median of 4.00. GuruFocus rates XSWX:BE with a GF Score™ of 64/100 and a GF Value™ of CHF24.98. The stock has 3 warning signs investors should review. Among 2,976 Industrial Products companies, Bloom Energy ranks better than 90.69% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

Bloom Energy 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 Bloom Energy's Piotroski F-Score or its related term are showing as below:

XSWX:BE' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 8
Current: 7

During the past 10 years, the highest Piotroski F-Score of Bloom Energy was 8. The lowest was 2. And the median was 4.

Bloom Energy  (XSWX:BE) 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.


Bloom Energy Piotroski F-Score Related Terms


Bloom Energy Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Bloom Energy'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.

Bloom Energy Piotroski F-Score Chart

Bloom Energy 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 4.00 3.00 3.00 5.00 5.00

Bloom Energy 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 7.00 8.00 8.00 5.00 7.00

XSWX:BE vs : Piotroski F-Score Comparison

For the Electrical Equipment & Parts subindustry, Bloom Energy'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.


Bloom Energy Piotroski F-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Bloom Energy's Piotroski F-Score distribution charts can be found below:

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


XSWX:BE
64GF Score
Bloom Energy Corp XSWX:BE
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 -34.658 + -18.384 + 0.87 + 55.625 = CHF3 Mil.
Cash Flow from Operations was -173.302 + 15.658 + 333.162 + 57.953 = CHF233 Mil.
Revenue was 326.29 + 413.214 + 619.736 + 591.305 = CHF1,951 Mil.
Gross Profit was 87.112 + 120.748 + 191.172 + 177.571 = CHF577 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2304.415 + 2057.739 + 2100.27 + 3503.739 + 3672.541) / 5 = CHF2727.7408 Mil.
Total Assets at the begining of this year (Mar25) was CHF2,304 Mil.
Long-Term Debt & Capital Lease Obligation was CHF2,251 Mil.
Total Current Assets was CHF3,113 Mil.
Total Current Liabilities was CHF619 Mil.
Net Income was -55.225 + -12.463 + 93.435 + -21.042 = CHF5 Mil.

Revenue was 300.109 + 279.914 + 510.346 + 288.072 = CHF1,378 Mil.
Gross Profit was 61.245 + 66.703 + 195.543 + 78.382 = CHF402 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2031.388 + 2277.442 + 2206.547 + 2369.297 + 2304.415) / 5 = CHF2237.8178 Mil.
Total Assets at the begining of last year (Mar24) was CHF2,031 Mil.
Long-Term Debt & Capital Lease Obligation was CHF1,207 Mil.
Total Current Assets was CHF1,775 Mil.
Total Current Liabilities was CHF516 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.

Bloom Energy's current Net Income (TTM) was 3. ==> 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.

Bloom Energy's current Cash Flow from Operations (TTM) was 233. ==> 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)
=3.453/2304.415
=0.00149843

ROA (Last Year)=Net Income/Total Assets (Mar24)
=4.705/2031.388
=0.00231615

Bloom Energy's return on assets of this year was 0.00149843. Bloom Energy's return on assets of last year was 0.00231615. ==> 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.

Bloom Energy's current Net Income (TTM) was 3. Bloom Energy's current Cash Flow from Operations (TTM) was 233. ==> 233 > 3 ==> 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
=2250.675/2727.7408
=0.82510589

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1206.592/2237.8178
=0.53918241

Bloom Energy's gearing of this year was 0.82510589. Bloom Energy's gearing of last year was 0.53918241. ==> 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
=3113.406/619.451
=5.02607309

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1775.045/516.393
=3.43739168

Bloom Energy's current ratio of this year was 5.02607309. Bloom Energy's current ratio of last year was 3.43739168. ==> 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.

Bloom Energy's number of shares in issue this year was 319.708. Bloom Energy's number of shares in issue last year was 230.21. ==> 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
=576.603/1950.545
=0.29561123

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=401.873/1378.441
=0.29154168

Bloom Energy's gross margin of this year was 0.29561123. Bloom Energy's gross margin of last year was 0.29154168. ==> 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)
=1950.545/2304.415
=0.84643825

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1378.441/2031.388
=0.67857101

Bloom Energy's asset turnover of this year was 0.84643825. Bloom Energy's asset turnover of last year was 0.67857101. ==> 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+0+1+0+1+1
=6

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

Bloom Energy 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 7 mean?
Bloom Energy (XSWX:BE) has a Piotroski F-Score of 7 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bloom Energy and its competitors. This is 75% above median its historical median of 4.00. Over the past decade, Bloom Energy's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Bloom Energy ranks #277 out of 2976 companies in the Industrial Products industry, placing it in the top 9.3%.
Is Bloom Energy's Piotroski F-Score too high?
Bloom Energy's current Piotroski F-Score of 7 is 75% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Industrial Products industry median Piotroski F-Score is 5.00. Bloom Energy's value of 7 is 40% above this industry median. Based on the distribution chart, Bloom Energy ranks #277 out of 2976 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Bloom Energy has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Bloom Energy's Piotroski F-Score compare to ?
According to the Industrial Products industry distribution chart, Bloom Energy ranks #277 out of 2976 companies for Piotroski F-Score. This places Bloom Energy in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Bloom Energy's value of 7 is 40% above this benchmark. Historically, Bloom Energy'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 4.00 vs. the industry median of 5.00, Bloom Energy 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 Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,976 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. Bloom Energy's current Piotroski F-Score of 7 is 40% 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 Bloom Energy and its competitors. For the Industrial Products 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. Bloom Energy's current Piotroski F-Score is 7, which is 75% above 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 Bloom Energy stock overvalued right now?
Bloom Energy (XSWX:BE) has a current Piotroski F-Score of 7. The stock's GF Value™ is CHF24.98, compared to a current price of CHF220.40 — trading 782.3% above its estimated fair value. The current Piotroski F-Score is 7, which is 75% above median its 10-year median of 4.00 and 40% above the Industrial Products industry median of 5.00. Bloom Energy's overall GF Score™ is 64/100 with 3 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 Bloom Energy (XSWX:BE), the current Piotroski F-Score is 7 as of Jul. 04, 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 Bloom Energy (XSWX:BE) Overvalued in 2026?

Based on GuruFocus' analysis, Bloom Energy stock appears to be overvalued. The current stock price of CHF220.40 is trading 782.3% above its estimated GF Value™ of CHF24.98.

Key valuation signals for XSWX:BE:

  • Piotroski F-Score: 7 (75% above median its 10-year median of 4.00)
  • GF Value™: CHF24.98 vs. price of CHF220.40 (782.3% above fair value)
  • GF Score™: 64/100 with 3 warning signs
  • Industry Position: 40% above the Industrial Products median (#277 of 2976)

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


Bloom Energy Business Description

Comparable Companies
Address 4353 North First Street, San Jose, CA, USA, 95134
Bloom Energy designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation. Bloom Energy Servers are fuel-flexible and can use natural gas, biogas, and hydrogen to create 24/7 electricity for stationary applications. Bloom sells its systems in the United States and internationally.
64GF Score

Get the complete analysis for XSWX:BE

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

CHF220.40
Price
CHF24.98
GF Value