All Energy & Utilities PCL (BKK:AE) Piotroski F-Score: 6 (As of Jun. 27, 2026) — 50% Above Median


What is All Energy & Utilities PCL Piotroski F-Score?

All Energy & Utilities PCL BKK:AE Piotroski F-Score is 6 as of Jun. 27, 2026, which is 50% above its 10-year median of 4.00. The stock has 3 warning signs investors should review. Among 1,101 Retail - Cyclical companies, All Energy & Utilities PCL ranks better than 72.93% 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

All Energy & Utilities PCL 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 All Energy & Utilities PCL's Piotroski F-Score or its related term are showing as below:

BKK:AE' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 4   Max: 7
Current: 6

During the past 13 years, the highest Piotroski F-Score of All Energy & Utilities PCL was 7. The lowest was 2. And the median was 4.

All Energy & Utilities PCL  (BKK:AE) 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.


All Energy & Utilities PCL Piotroski F-Score Related Terms


All Energy & Utilities PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for All Energy & Utilities 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.

All Energy & Utilities PCL Piotroski F-Score Chart

All Energy & Utilities PCL 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 5.00 4.00 7.00 5.00 5.00

All Energy & Utilities PCL 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 4.00 5.00 4.00 5.00 6.00

BKK:AE vs CASY, WSM, ULTA: Piotroski F-Score Comparison

For the Specialty Retail subindustry, All Energy & Utilities 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.


All Energy & Utilities PCL Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, All Energy & Utilities PCL's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where All Energy & Utilities PCL's Piotroski F-Score falls into.


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 -34.535 + -28.402 + -46.214 + -8.54 = ฿-118 Mil.
Cash Flow from Operations was 24.749 + -20.319 + 21.912 + 15.12 = ฿41 Mil.
Revenue was 284.12 + 281.457 + 291.698 + 284.041 = ฿1,141 Mil.
Gross Profit was 21.244 + 29.106 + 33.214 + 23.571 = ฿107 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3649.814 + 3606.072 + 3601.546 + 3585.961 + 3510.594) / 5 = ฿3590.7974 Mil.
Total Assets at the begining of this year (Mar25) was ฿3,650 Mil.
Long-Term Debt & Capital Lease Obligation was ฿161 Mil.
Total Current Assets was ฿212 Mil.
Total Current Liabilities was ฿327 Mil.
Net Income was -23.987 + -50.594 + -70.395 + -28.792 = ฿-174 Mil.

Revenue was 287.216 + 269.602 + 275.794 + 257.885 = ฿1,090 Mil.
Gross Profit was 24.62 + 26.894 + 32.67 + 18.495 = ฿103 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3877.282 + 3845.436 + 3747.154 + 3726.964 + 3649.814) / 5 = ฿3769.33 Mil.
Total Assets at the begining of last year (Mar24) was ฿3,877 Mil.
Long-Term Debt & Capital Lease Obligation was ฿156 Mil.
Total Current Assets was ฿183 Mil.
Total Current Liabilities was ฿334 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.

All Energy & Utilities PCL's current Net Income (TTM) was -118. ==> Negative ==> Score 0.

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.

All Energy & Utilities PCL's current Cash Flow from Operations (TTM) was 41. ==> 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)
=-117.691/3649.814
=-0.03224575

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-173.768/3877.282
=-0.04481696

All Energy & Utilities PCL's return on assets of this year was -0.03224575. All Energy & Utilities PCL's return on assets of last year was -0.04481696. ==> This year is higher. ==> Score 1.

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.

All Energy & Utilities PCL's current Net Income (TTM) was -118. All Energy & Utilities PCL's current Cash Flow from Operations (TTM) was 41. ==> 41 > -118 ==> 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
=161.359/3590.7974
=0.04493682

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=156.201/3769.33
=0.04143999

All Energy & Utilities PCL's gearing of this year was 0.04493682. All Energy & Utilities PCL's gearing of last year was 0.04143999. ==> 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
=212.125/326.625
=0.64944508

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=182.638/334.324
=0.54629042

All Energy & Utilities PCL's current ratio of this year was 0.64944508. All Energy & Utilities PCL's current ratio of last year was 0.54629042. ==> 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.

All Energy & Utilities PCL's number of shares in issue this year was 2571.536. All Energy & Utilities PCL's number of shares in issue last year was 2571.536. ==> 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
=107.135/1141.316
=0.09386971

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=102.679/1090.497
=0.09415798

All Energy & Utilities PCL's gross margin of this year was 0.09386971. All Energy & Utilities PCL's gross margin of last year was 0.09415798. ==> 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 (Mar25)
=1141.316/3649.814
=0.31270525

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1090.497/3877.282
=0.28125295

All Energy & Utilities PCL's asset turnover of this year was 0.31270525. All Energy & Utilities PCL's asset turnover of last year was 0.28125295. ==> 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
=0+1+1+1+0+1+1+0+1
=6

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

All Energy & Utilities PCL 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?
All Energy & Utilities PCL (BKK:AE) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on All Energy & Utilities PCL and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, All Energy & Utilities PCL's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, All Energy & Utilities PCL ranks #298 out of 1101 companies in the Retail - Cyclical industry, placing it in the top 27.1%.
Is All Energy & Utilities PCL's Piotroski F-Score too high?
All Energy & Utilities PCL's current Piotroski F-Score of 6 is 50% 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 7.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. All Energy & Utilities PCL's value of 6 is 20% above this industry median. Based on the distribution chart, All Energy & Utilities PCL ranks #298 out of 1101 companies in the Retail - Cyclical industry, which is above the industry midpoint.
How does All Energy & Utilities PCL's Piotroski F-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, All Energy & Utilities PCL ranks #298 out of 1101 companies for Piotroski F-Score. This puts All Energy & Utilities PCL in the upper half of its industry. The industry median Piotroski F-Score is 5.00. All Energy & Utilities PCL's value of 6 is 20% above this benchmark. Historically, All Energy & Utilities PCL's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, All Energy & Utilities 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,101 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. All Energy & Utilities PCL'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 All Energy & Utilities PCL and its competitors. For the Retail - Cyclical 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. All Energy & Utilities PCL's current Piotroski F-Score is 6, which is 50% 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 All Energy & Utilities PCL stock overvalued right now?
Based on GuruFocus' analysis, All Energy & Utilities PCL (BKK:AE) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.43, compared to a current price of ฿0.08 — trading 81.4% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Retail - Cyclical industry median of 5.00. 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 All Energy & Utilities PCL (BKK:AE), the current Piotroski F-Score is 6 as of Jun. 27, 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.

All Energy & Utilities PCL Business Description

Address Sukhumvit Road, 2106 Fantree 4 Building, 4th Floor, Phrakhanong Tai, Phrakhanong, Bangkok, THA, 10260
All Energy & Utilities PCL is principally engaged in Gas and petrol service stations business, Renewable, Utilities business, and Other business. The company's reportable segments are the LPG and petrol stations business, which derive maximum revenue, the Renewable energy business, and the Utilities business. Geographically, it operates principally in Thailand.