AJ Advance Technology PCLBKK:AJA 27 Piotroski F-Score is 3 as of Jul. 04, 2026, which is 25% below its 10-year median of 4.00. GuruFocus rates BKK:AJA with a GF Score™ of 27/100 and a GF Value™ of ฿0.10 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,428 Hardware companies, AJ Advance Technology PCL ranks worse than 81.3% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
AJ Advance Technology PCL has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for AJ Advance Technology PCL's Piotroski F-Score or its related term are showing as below:
BKK:AJA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 7
Current: 3
During the past 13 years, the highest Piotroski F-Score of AJ Advance Technology PCL was 7. The lowest was 1. And the median was 4.
AJ Advance Technology PCL (BKK:AJA) 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.
AJ Advance Technology PCL Piotroski F-Score Related Terms
AJ Advance Technology PCL 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.
BKK:AJA vs SNX, ARW, AVT: Piotroski F-Score Comparison
For the Electronics & Computer Distribution subindustry, AJ Advance Technology 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.
AJ Advance Technology PCL Piotroski F-Score vs Hardware Industry
For the Hardware industry and Technology sector, AJ Advance Technology PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where AJ Advance Technology 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.
AJ Advance Technology PCL's current Net Income (TTM) was -152.1.
==> 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.
AJ Advance Technology PCL's current Cash Flow from Operations (TTM) was -28.0.
==> 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.
AJ Advance Technology PCL's return on assets of this year was -0.20555167. AJ Advance Technology PCL's return on assets of last year was -0.16529234.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
AJ Advance Technology PCL's gearing of this year was 0.02657017. AJ Advance Technology PCL's gearing of last year was 0.0371677.
==> 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
AJ Advance Technology PCL's current ratio of this year was 3.79953558. AJ Advance Technology PCL's current ratio of last year was 4.0768419.
==> 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.
AJ Advance Technology PCL's number of shares in issue this year was 5709.553. AJ Advance Technology PCL's number of shares in issue last year was 5364.539.
==> 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.
AJ Advance Technology PCL's gross margin of this year was 0.35795048. AJ Advance Technology PCL's gross margin of last year was 0.30155194.
==> 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
AJ Advance Technology PCL's asset turnover of this year was 0.188858. AJ Advance Technology PCL's asset turnover of last year was 0.22219114.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
AJ Advance Technology PCL has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
AJ Advance Technology PCL (BKK:AJA) has a Piotroski F-Score of 3 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on AJ Advance Technology PCL and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, AJ Advance Technology PCL's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, AJ Advance Technology PCL ranks #1974 out of 2428 companies in the Hardware industry, placing it in the top 81.3%.
Is AJ Advance Technology PCL's Piotroski F-Score too high?
AJ Advance Technology PCL's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Hardware industry median Piotroski F-Score is 5.00. AJ Advance Technology PCL's value of 3 is 40% below this industry median. Based on the distribution chart, AJ Advance Technology PCL ranks #1974 out of 2428 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, AJ Advance Technology PCL has a GF Score™ of 27/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AJ Advance Technology PCL's Piotroski F-Score compare to SNX and ARW?
According to the Hardware industry distribution chart, AJ Advance Technology PCL ranks #1974 out of 2428 companies for Piotroski F-Score. This places AJ Advance Technology PCL in the lower half of its industry. The industry median Piotroski F-Score is 5.00. AJ Advance Technology PCL's value of 3 is 40% below this benchmark. Historically, AJ Advance Technology PCL's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, AJ Advance Technology PCL has consistently been below 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,428 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. AJ Advance Technology PCL's current Piotroski F-Score of 3 is 40% below 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 AJ Advance Technology PCL and its competitors. For the Hardware 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. AJ Advance Technology PCL's current Piotroski F-Score is 3, which is 25% below 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 AJ Advance Technology PCL stock overvalued right now?
Based on GuruFocus' analysis, AJ Advance Technology PCL (BKK:AJA) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.10, compared to a current price of ฿0.13 — trading 30% above its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Hardware industry median of 5.00. AJ Advance Technology PCL's overall GF Score™ is 27/100 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 AJ Advance Technology PCL (BKK:AJA), the current Piotroski F-Score is 3 as of Jul. 04, 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 AJ Advance Technology PCL (BKK:AJA) Overvalued in 2026?
Based on GuruFocus' analysis, AJ Advance Technology PCL stock appears to be overvalued.
The current stock price of ฿0.13 is trading 30% above its estimated GF Value™ of ฿0.10.
GuruFocus considers AJ Advance Technology PCL to be Modestly Overvalued.
Key valuation signals for BKK:AJA:
Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
GF Value™: ฿0.10 vs. price of ฿0.13 (30% above fair value)
Industry Position: 40% below the Hardware median (#1974 of 2428)
No single metric tells the full story. See the BKK:AJA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AJ Advance Technology PCL is engaged in wholesaling and retailing of electric vehicle, provides service to member relating access of website of such company for purchase and sales of goods, logistic business and export business, distribution of sport shoes and invest in digital assets, mining, trading digital assets including investment or providing other services about cryptocurrency and digital token transactions. Its segments include Retailing and wholesaling of electric appliances, including parts; Retailing of shoe; Sale of electric motorcycle; Mining digital assets; Sale chemical organic fertilizer; and Others. It derives majority of the revenue from Retailing of shoe segment. The group is managed and operates principally in Thailand.
27GF Score
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