Asia Green Energy PCLBKK:AGE -0.81%71 Piotroski F-Score is 6 as of Jun. 25, 2026, which is at its 10-year median of 6.00. GuruFocus rates BKK:AGE with a GF Score™ of 71/100 and a GF Value™ of ฿1.25 (Fairly Valued). The stock has 4 warning signs investors should review. Among 174 Other Energy Sources companies, Asia Green Energy PCL ranks better than 90.8% 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
Asia Green Energy 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 Asia Green Energy PCL's Piotroski F-Score or its related term are showing as below:
BKK:AGE'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 8
Current: 6
During the past 13 years, the highest Piotroski F-Score of Asia Green Energy PCL was 8. The lowest was 2. And the median was 6.
Asia Green Energy PCL (BKK:AGE) 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.
Asia Green Energy PCL Piotroski F-Score Related Terms
Asia Green Energy PCL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Asia Green Energy 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.
For the Thermal Coal subindustry, Asia Green Energy 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.
Asia Green Energy PCL Piotroski F-Score vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Asia Green Energy PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Asia Green Energy 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.
Asia Green Energy PCL's current Net Income (TTM) was 362.
==> 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.
Asia Green Energy PCL's current Cash Flow from Operations (TTM) was 1,240.
==> 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.
Asia Green Energy PCL's return on assets of this year was 0.04012215. Asia Green Energy PCL's return on assets of last year was -0.00732051.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Asia Green Energy PCL's gearing of this year was 0.11248185. Asia Green Energy PCL's gearing of last year was 0.10219034.
==> 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
Asia Green Energy PCL's current ratio of this year was 1.18990334. Asia Green Energy PCL's current ratio of last year was 1.1094823.
==> 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.
Asia Green Energy PCL's number of shares in issue this year was 1190.756. Asia Green Energy PCL's number of shares in issue last year was 1187.778.
==> 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.
Asia Green Energy PCL's gross margin of this year was 0.11668339. Asia Green Energy PCL's gross margin of last year was 0.09884406.
==> 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
Asia Green Energy PCL's asset turnover of this year was 1.65641989. Asia Green Energy PCL's asset turnover of last year was 1.67817943.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Asia Green Energy PCL has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Asia Green Energy PCL (BKK:AGE) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Asia Green Energy PCL and its competitors. This is near median its historical median of 6.00. Over the past decade, Asia Green Energy PCL's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Asia Green Energy PCL ranks #16 out of 174 companies in the Other Energy Sources industry, placing it in the top 9.2%.
Is Asia Green Energy PCL's Piotroski F-Score too high?
Asia Green Energy PCL's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Other Energy Sources industry median Piotroski F-Score is 4.00. Asia Green Energy PCL's value of 6 is 50% above this industry median. Based on the distribution chart, Asia Green Energy PCL ranks #16 out of 174 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, Asia Green Energy PCL has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Green Energy PCL's Piotroski F-Score compare to CNR?
According to the Other Energy Sources industry distribution chart, Asia Green Energy PCL ranks #16 out of 174 companies for Piotroski F-Score. This places Asia Green Energy PCL in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 4.00. Asia Green Energy PCL's value of 6 is 50% above this benchmark. Historically, Asia Green Energy PCL'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 6.00 vs. the industry median of 4.00, Asia Green Energy 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 an Other Energy Sources company?
The median Piotroski F-Score among Other Energy Sources companies is 4.00, based on 174 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. Asia Green Energy PCL's current Piotroski F-Score of 6 is 50% 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 Asia Green Energy PCL and its competitors. For the Other Energy Sources industry, the median Piotroski F-Score is 4.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Green Energy PCL's current Piotroski F-Score is 6, which is near 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 Asia Green Energy PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Green Energy PCL (BKK:AGE) is currently considered Fairly Valued. The stock's GF Value™ is ฿1.25, compared to a current price of ฿1.22 — trading 2.4% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 50% above the Other Energy Sources industry median of 4.00. Asia Green Energy PCL's overall GF Score™ is 71/100 with 4 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 Asia Green Energy PCL (BKK:AGE), the current Piotroski F-Score is 6 as of Jun. 25, 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 Asia Green Energy PCL (BKK:AGE) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Green Energy PCL stock appears to be undervalued.
The current stock price of ฿1.22 is trading 2.4% below its estimated GF Value™ of ฿1.25.
GuruFocus considers Asia Green Energy PCL to be Fairly Valued.
Key valuation signals for BKK:AGE:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: ฿1.25 vs. price of ฿1.22 (2.4% below fair value)
Industry Position: 50% above the Other Energy Sources median (#16 of 174)
No single metric tells the full story. See the BKK:AGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Green Energy PCL is engaged in the distribution of coal for industrial use. The company's operation consists of importing and distributing the business of clean Bituminous coal from Indonesia and distributing it both inside and outside the country. The company is organized into business units based on its products and services and has four segments, Related Coal business; Smart Logistic business; Sustainable Energy business; and Diversified Investment businesses. The company earns maximum revenue from the Related Coal business.
71GF Score
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