Banque Nationale AgricoleXTUN:BNA 76 Piotroski F-Score is 6 as of Jul. 11, 2026, which is 20% above its 10-year median of 5.00. GuruFocus rates XTUN:BNA with a GF Score™ of 76/100 and a GF Value™ of TND9.42 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,497 Banks companies, Banque Nationale Agricole ranks better than 60.05% 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
Banque Nationale Agricole 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 Banque Nationale Agricole's Piotroski F-Score or its related term are showing as below:
XTUN:BNA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Banque Nationale Agricole was 8. The lowest was 1. And the median was 5.
Banque Nationale Agricole (XTUN:BNA) 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.
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.
Banque Nationale Agricole Piotroski F-Score Related Terms
Banque Nationale Agricole Piotroski F-Score Historical Data
* 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.
XTUN:BNA vs PNC, USB: Piotroski F-Score Comparison
For the Banks - Regional subindustry, Banque Nationale Agricole'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.
Banque Nationale Agricole Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, Banque Nationale Agricole's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Banque Nationale Agricole'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.
Banque Nationale Agricole's current Net Income (TTM) was 288.
==> 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.
Banque Nationale Agricole's current Cash Flow from Operations (TTM) was -285.
==> 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.
Banque Nationale Agricole's return on assets of this year was 0.01245291. Banque Nationale Agricole's return on assets of last year was 0.01064453.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Banque Nationale Agricole's gearing of this year was 0.02758911. Banque Nationale Agricole's gearing of last year was 0.02807961.
==> 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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
Banque Nationale Agricole's current ratio of this year was 1.12262559. Banque Nationale Agricole's current ratio of last year was 1.12293186.
==> 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.
Banque Nationale Agricole's number of shares in issue this year was 63.465. Banque Nationale Agricole's number of shares in issue last year was 63.468.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
Banque Nationale Agricole's net margin of this year was 0.23241877. Banque Nationale Agricole's net margin of last year was 0.22839078.
==> This year's net 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
Banque Nationale Agricole's asset turnover of this year was 0.05357963. Banque Nationale Agricole's asset turnover of last year was 0.04660664.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Banque Nationale Agricole has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Banque Nationale Agricole (XTUN:BNA) has a Piotroski F-Score of 6 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Banque Nationale Agricole and its competitors. This is 20% above median its historical median of 5.00. Over the past decade, Banque Nationale Agricole's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Banque Nationale Agricole ranks #598 out of 1497 companies in the Banks industry, placing it in the top 39.9%.
Is Banque Nationale Agricole's Piotroski F-Score too high?
Banque Nationale Agricole's current Piotroski F-Score of 6 is 20% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Banks industry median Piotroski F-Score is 6.00. Banque Nationale Agricole's value of 6 is 0% at this industry median. Based on the distribution chart, Banque Nationale Agricole ranks #598 out of 1497 companies in the Banks industry, which is above the industry midpoint. Overall, Banque Nationale Agricole has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Banque Nationale Agricole's Piotroski F-Score compare to PNC and USB?
According to the Banks industry distribution chart, Banque Nationale Agricole ranks #598 out of 1497 companies for Piotroski F-Score. This puts Banque Nationale Agricole in the upper half of its industry. The industry median Piotroski F-Score is 6.00. Banque Nationale Agricole's value of 6 is 0% at this benchmark. Historically, Banque Nationale Agricole's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Banque Nationale Agricole has consistently been at 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 Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,497 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. Banque Nationale Agricole's current Piotroski F-Score of 6 is 0% at 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 Banque Nationale Agricole and its competitors. For the Banks industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Banque Nationale Agricole's current Piotroski F-Score is 6, which is 20% 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 Banque Nationale Agricole stock overvalued right now?
Based on GuruFocus' analysis, Banque Nationale Agricole (XTUN:BNA) is currently considered Significantly Overvalued. The stock's GF Value™ is TND9.42, compared to a current price of TND21.81 — trading 131.5% above its estimated fair value. The current Piotroski F-Score is 6, which is 20% above median its 10-year median of 5.00 and 0% at the Banks industry median of 6.00. Banque Nationale Agricole's overall GF Score™ is 76/100 with 6 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 Banque Nationale Agricole (XTUN:BNA), the current Piotroski F-Score is 6 as of Jul. 11, 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 Banque Nationale Agricole (XTUN:BNA) Overvalued in 2026?
Based on GuruFocus' analysis, Banque Nationale Agricole stock appears to be overvalued.
The current stock price of TND21.81 is trading 131.5% above its estimated GF Value™ of TND9.42.
GuruFocus considers Banque Nationale Agricole to be Significantly Overvalued.
Key valuation signals for XTUN:BNA:
Piotroski F-Score: 6 (20% above median its 10-year median of 5.00)
GF Value™: TND9.42 vs. price of TND21.81 (131.5% above fair value)
Industry Position: 0% at the Banks median (#598 of 1497)
No single metric tells the full story. See the XTUN:BNA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Banque Nationale Agricole SA is engaged in providing banking services. The activities of the bank include accepting deposits, granting loans, credit financing, and other services.
76GF Score
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