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Alpha Divisions PCLBKK:ALPHAX +4.17%26 Piotroski F-Score is 8 as of Jul. 18, 2026, which is 100% above its 10-year median of 4.00. GuruFocus rates BKK:ALPHAX with a GF Score™ of 26/100 and a GF Value™ of ฿0.60 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,754 Real Estate companies, Alpha Divisions PCL ranks better than 98.69% on this metric.
Good Sign:
Piotroski F-Score is 8, 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
Alpha Divisions PCL has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Alpha Divisions PCL's Piotroski F-Score or its related term are showing as below:
BKK:ALPHAX'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Alpha Divisions PCL was 8. The lowest was 1. And the median was 4.
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.
Alpha Divisions PCL Piotroski F-Score Related Terms
Alpha Divisions PCL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Alpha Divisions 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 Real Estate - Development subindustry, Alpha Divisions 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.
Alpha Divisions PCL Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Alpha Divisions PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Alpha Divisions 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.
Alpha Divisions PCL's current Net Income (TTM) was 263.7.
==> 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.
Alpha Divisions PCL's return on assets of this year was 0.04300533. Alpha Divisions PCL's return on assets of last year was 0.04217022.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Alpha Divisions PCL's gearing of this year was 0.03422071. Alpha Divisions PCL's gearing of last year was 0.03782163.
==> 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
Alpha Divisions PCL's current ratio of this year was 23.07883022. Alpha Divisions PCL's current ratio of last year was 22.97375488.
==> 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.
Alpha Divisions PCL's number of shares in issue this year was 9292.374. Alpha Divisions PCL's number of shares in issue last year was 9292.374.
==> 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.
Alpha Divisions PCL's gross margin of this year was 0.74650344. Alpha Divisions PCL's gross margin of last year was 0.6944305.
==> 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
Alpha Divisions PCL's asset turnover of this year was 0.05796637. Alpha Divisions PCL's asset turnover of last year was 0.03163186.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Alpha Divisions PCL has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Alpha Divisions PCL (BKK:ALPHAX) has a Piotroski F-Score of 8 as of Jul. 18, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Alpha Divisions PCL and its competitors. This is 100% above median its historical median of 4.00. Over the past decade, Alpha Divisions PCL's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Alpha Divisions PCL ranks #23 out of 1754 companies in the Real Estate industry, placing it in the top 1.3%.
Is Alpha Divisions PCL's Piotroski F-Score too high?
Alpha Divisions PCL's current Piotroski F-Score of 8 is 100% above 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 8.00. The Real Estate industry median Piotroski F-Score is 5.00. Alpha Divisions PCL's value of 8 is 60% above this industry median. Based on the distribution chart, Alpha Divisions PCL ranks #23 out of 1754 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Alpha Divisions PCL has a GF Score™ of 26/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Alpha Divisions PCL's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Alpha Divisions PCL ranks #23 out of 1754 companies for Piotroski F-Score. This places Alpha Divisions PCL in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Alpha Divisions PCL's value of 8 is 60% above this benchmark. Historically, Alpha Divisions PCL's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Alpha Divisions 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,754 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. Alpha Divisions PCL's current Piotroski F-Score of 8 is 60% 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 Alpha Divisions PCL and its competitors. For the Real Estate 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. Alpha Divisions PCL's current Piotroski F-Score is 8, which is 100% 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 Alpha Divisions PCL stock overvalued right now?
Based on GuruFocus' analysis, Alpha Divisions PCL (BKK:ALPHAX) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.60, compared to a current price of ฿0.25 — trading 58.3% below its estimated fair value. The current Piotroski F-Score is 8, which is 100% above median its 10-year median of 4.00 and 60% above the Real Estate industry median of 5.00. Alpha Divisions PCL's overall GF Score™ is 26/100 with 2 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 Alpha Divisions PCL (BKK:ALPHAX), the current Piotroski F-Score is 8 as of Jul. 18, 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 Alpha Divisions PCL (BKK:ALPHAX) Overvalued in 2026?
Based on GuruFocus' analysis, Alpha Divisions PCL stock appears to be undervalued.
The current stock price of ฿0.25 is trading 58.3% below its estimated GF Value™ of ฿0.60.
GuruFocus considers Alpha Divisions PCL to be Possible Value Trap.
Key valuation signals for BKK:ALPHAX:
Piotroski F-Score: 8 (100% above median its 10-year median of 4.00)
GF Value™: ฿0.60 vs. price of ฿0.25 (58.3% below fair value)
Industry Position: 60% above the Real Estate median (#23 of 1754)
No single metric tells the full story. See the BKK:ALPHAX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alpha Divisions PCL and its subsidiary (the Group) is engaged in 2 principal businesses as follows:- Energy business is a producer, distributor, agent for selling electricity from solar energy, wind, water, or others, and other business includes motorcycles, cars, gold, agricultural equipment hire purchase business, and microfinance business in the Lao People's Democratic Republic (Lao PDR). The majority of its revenue is generated from the Energy business. The Group operates the business carried out in the geographic area in domestic and foreign markets.
26GF Score
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