Applied DB PCLBKK:ADB 47 Piotroski F-Score is 7 as of Jul. 02, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates BKK:ADB with a GF Score™ of 47/100 and a GF Value™ of ฿0.54 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,564 Chemicals companies, Applied DB PCL ranks better than 90.15% 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
Applied DB PCL has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Applied DB PCL's Piotroski F-Score or its related term are showing as below:
BKK:ADB'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 7
During the past 11 years, the highest Piotroski F-Score of Applied DB PCL was 9. The lowest was 3. And the median was 6.
Applied DB PCL (BKK:ADB) 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.
Applied DB PCL Piotroski F-Score Related Terms
Applied DB PCL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Applied DB PCL'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.
BKK:ADB vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, Applied DB PCL'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.
Applied DB PCL Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Applied DB PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Applied DB PCL'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.
Applied DB PCL's current Net Income (TTM) was 34.1.
==> 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.
Applied DB PCL's return on assets of this year was 0.03072209. Applied DB PCL's return on assets of last year was 0.03486599.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Applied DB PCL's gearing of this year was 0.0377519. Applied DB PCL's gearing of last year was 0.01058539.
==> 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
Applied DB PCL's current ratio of this year was 1.37678344. Applied DB PCL's current ratio of last year was 1.35356344.
==> 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.
Applied DB PCL's number of shares in issue this year was 718.726. Applied DB PCL's number of shares in issue last year was 724.921.
==> 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.
Applied DB PCL's gross margin of this year was 0.15025725. Applied DB PCL's gross margin of last year was 0.08849381.
==> 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
Applied DB PCL's asset turnover of this year was 0.73594782. Applied DB PCL's asset turnover of last year was 0.66532281.
==> 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
+
1
+
1
+
1
=
7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Applied DB PCL has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Applied DB PCL (BKK:ADB) has a Piotroski F-Score of 7 as of Jul. 02, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Applied DB PCL and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Applied DB PCL's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Applied DB PCL ranks #154 out of 1564 companies in the Chemicals industry, placing it in the top 9.8%.
Is Applied DB PCL's Piotroski F-Score too high?
Applied DB PCL's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Chemicals industry median Piotroski F-Score is 5.00. Applied DB PCL's value of 7 is 40% above this industry median. Based on the distribution chart, Applied DB PCL ranks #154 out of 1564 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Applied DB PCL has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Applied DB PCL's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Applied DB PCL ranks #154 out of 1564 companies for Piotroski F-Score. This places Applied DB PCL in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Applied DB PCL's value of 7 is 40% above this benchmark. Historically, Applied DB PCL's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Applied DB PCL 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,564 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. Applied DB PCL'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 Applied DB PCL and its competitors. For the Chemicals 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. Applied DB PCL's current Piotroski F-Score is 7, which is 17% above 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 Applied DB PCL stock overvalued right now?
Based on GuruFocus' analysis, Applied DB PCL (BKK:ADB) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.54, compared to a current price of ฿0.66 — trading 22.2% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Chemicals industry median of 5.00. Applied DB PCL's overall GF Score™ is 47/100 with 8 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 Applied DB PCL (BKK:ADB), the current Piotroski F-Score is 7 as of Jul. 02, 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 Applied DB PCL (BKK:ADB) Overvalued in 2026?
Based on GuruFocus' analysis, Applied DB PCL stock appears to be overvalued.
The current stock price of ฿0.66 is trading 22.2% above its estimated GF Value™ of ฿0.54.
GuruFocus considers Applied DB PCL to be Modestly Overvalued.
Key valuation signals for BKK:ADB:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: ฿0.54 vs. price of ฿0.66 (22.2% above fair value)
Industry Position: 40% above the Chemicals median (#154 of 1564)
No single metric tells the full story. See the BKK:ADB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Applied DB PCL operates in the chemical industry. The company's operating segment includes Plastic compounds, Adhesives, and Sealants. It generates maximum revenue from the Plastic compound segment. Its plastic compound includes polyvinyl chloride (PVC) and non-PVC compounds, including soft, rigid, pharmaceutical-grade, and thermoplastic elastomer compounds. The adhesive product category consists of contact adhesive, emulsion latex water-based adhesive, thinner, and primer. Its sealant product comprises acetic silicone sealant, neutral silicone sealant, anti-fungus silicone sealant, acrylic sealant, and construction adhesive. Geographically, it derives a majority of its revenue from Thailand.
47GF Score
Get the complete analysis for BKK:ADB
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:ADB has been successfully added to your 
