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Siam City Bank (BKK:SCIB) Piotroski F-Score


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What is Siam City Bank Piotroski F-Score?

Siam City Bank does not have enough data to calculate Piotroski F-Score.


Siam City Bank Piotroski F-Score Historical Data

The historical data trend for Siam City Bank'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.
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Siam City Bank Piotroski F-Score Chart

Siam City Bank Annual Data
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Piotroski F-Score
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Siam City Bank Quarterly Data
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Siam City Bank  (BKK:SCIB) 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.


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Siam City Bank (BKK:SCIB) Business Description

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Siam City Bank Public Company Limited is engaged in providing various banking and financial products and services in Thailand, which offers investment loans, commercial loans, overdrafts, trade finance, cash management, collection and payment, etc.

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