ALT Telecom PCL (BKK:ALT) Piotroski F-Score: 6 (As of Jun. 27, 2026) — Near Median


BKK:ALT ALT Telecom PCL BKK:ALT
55 GF Score
Price ฿1.82
GF Value ฿1.39
Valuation Significantly Overvalued
! 6 Warning Signs
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What is ALT Telecom PCL Piotroski F-Score?

ALT Telecom PCL BKK:ALT -3.19% 55 Piotroski F-Score is 6 as of Jun. 27, 2026, which is at its 10-year median of 6.00. GuruFocus rates BKK:ALT with a GF Score™ of 55/100 and a GF Value™ of ฿1.39 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,426 Hardware companies, ALT Telecom PCL ranks better than 77.95% 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

ALT Telecom 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 ALT Telecom PCL's Piotroski F-Score or its related term are showing as below:

BKK:ALT' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 8
Current: 6

During the past 12 years, the highest Piotroski F-Score of ALT Telecom PCL was 8. The lowest was 1. And the median was 6.

ALT Telecom PCL  (BKK:ALT) 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.


ALT Telecom PCL Piotroski F-Score Related Terms


ALT Telecom PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for ALT Telecom 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.

ALT Telecom PCL Piotroski F-Score Chart

ALT Telecom 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 4.00 8.00 6.00 6.00 6.00

ALT Telecom 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 5.00 6.00 7.00 6.00 6.00

BKK:ALT vs CSCO, CIEN, MSI: Piotroski F-Score Comparison

For the Communication Equipment subindustry, ALT Telecom 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.


ALT Telecom PCL Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, ALT Telecom PCL's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where ALT Telecom PCL's Piotroski F-Score falls into.


BKK:ALT
55GF Score
ALT Telecom PCL BKK:ALT
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 84.732 + 4.775 + -16.776 + 9.014 = ฿82 Mil.
Cash Flow from Operations was 152.9 + -90.89 + 275.151 + -4.968 = ฿332 Mil.
Revenue was 389.223 + 298.522 + 482.624 + 339.089 = ฿1,509 Mil.
Gross Profit was 70.871 + 73.125 + 47.756 + 71.215 = ฿263 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4433.954 + 4322.767 + 4250.53 + 4303.591 + 4308.237) / 5 = ฿4323.8158 Mil.
Total Assets at the begining of this year (Mar25) was ฿4,434 Mil.
Long-Term Debt & Capital Lease Obligation was ฿555 Mil.
Total Current Assets was ฿1,185 Mil.
Total Current Liabilities was ฿979 Mil.
Net Income was 5.21 + 4.483 + -5.729 + 8.853 = ฿13 Mil.

Revenue was 295.681 + 376.93 + 274.323 + 324.723 = ฿1,272 Mil.
Gross Profit was 57.006 + 82.846 + 44.861 + 65.829 = ฿251 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3794.781 + 3739.527 + 4061.88 + 4224.332 + 4433.954) / 5 = ฿4050.8948 Mil.
Total Assets at the begining of last year (Mar24) was ฿3,795 Mil.
Long-Term Debt & Capital Lease Obligation was ฿463 Mil.
Total Current Assets was ฿1,357 Mil.
Total Current Liabilities was ฿1,031 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.

ALT Telecom PCL's current Net Income (TTM) was 82. ==> 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.

ALT Telecom PCL's current Cash Flow from Operations (TTM) was 332. ==> 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)
=81.745/4433.954
=0.01843614

ROA (Last Year)=Net Income/Total Assets (Mar24)
=12.817/3794.781
=0.00337753

ALT Telecom PCL's return on assets of this year was 0.01843614. ALT Telecom PCL's return on assets of last year was 0.00337753. ==> 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.

ALT Telecom PCL's current Net Income (TTM) was 82. ALT Telecom PCL's current Cash Flow from Operations (TTM) was 332. ==> 332 > 82 ==> 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
=555.068/4323.8158
=0.12837457

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=463.003/4050.8948
=0.11429648

ALT Telecom PCL's gearing of this year was 0.12837457. ALT Telecom PCL's gearing of last year was 0.11429648. ==> 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
=1184.832/979.196
=1.21000494

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1356.53/1031.228
=1.31545109

ALT Telecom PCL's current ratio of this year was 1.21000494. ALT Telecom PCL's current ratio of last year was 1.31545109. ==> 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.

ALT Telecom PCL's number of shares in issue this year was 1115.623. ALT Telecom PCL's number of shares in issue last year was 1132.227. ==> 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
=262.967/1509.458
=0.17421286

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=250.542/1271.657
=0.19702011

ALT Telecom PCL's gross margin of this year was 0.17421286. ALT Telecom PCL's gross margin of last year was 0.19702011. ==> 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)
=1509.458/4433.954
=0.34043159

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1271.657/3794.781
=0.33510682

ALT Telecom PCL's asset turnover of this year was 0.34043159. ALT Telecom PCL's asset turnover of last year was 0.33510682. ==> 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+1+1+0+0+1+0+1
=6

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

ALT Telecom 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?
ALT Telecom PCL (BKK:ALT) 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 ALT Telecom PCL and its competitors. This is near median its historical median of 6.00. Over the past decade, ALT Telecom PCL's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, ALT Telecom PCL ranks #535 out of 2426 companies in the Hardware industry, placing it in the top 22.1%.
Is ALT Telecom PCL's Piotroski F-Score too high?
ALT Telecom 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 1.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. ALT Telecom PCL's value of 6 is 20% above this industry median. Based on the distribution chart, ALT Telecom PCL ranks #535 out of 2426 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, ALT Telecom PCL has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ALT Telecom PCL's Piotroski F-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, ALT Telecom PCL ranks #535 out of 2426 companies for Piotroski F-Score. This places ALT Telecom PCL in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. ALT Telecom PCL's value of 6 is 20% above this benchmark. Historically, ALT Telecom 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 6.00 vs. the industry median of 5.00, ALT Telecom 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,426 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. ALT Telecom 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 ALT Telecom 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. ALT Telecom 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 ALT Telecom PCL stock overvalued right now?
Based on GuruFocus' analysis, ALT Telecom PCL (BKK:ALT) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿1.39, compared to a current price of ฿1.82 — trading 30.9% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Hardware industry median of 5.00. ALT Telecom PCL's overall GF Score™ is 55/100 with 6 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 ALT Telecom PCL (BKK:ALT), 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.

Is ALT Telecom PCL (BKK:ALT) Overvalued in 2026?

Based on GuruFocus' analysis, ALT Telecom PCL stock appears to be overvalued. The current stock price of ฿1.82 is trading 30.9% above its estimated GF Value™ of ฿1.39. GuruFocus considers ALT Telecom PCL to be Significantly Overvalued.

Key valuation signals for BKK:ALT:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: ฿1.39 vs. price of ฿1.82 (30.9% above fair value)
  • GF Score™: 55/100 with 6 warning signs
  • Industry Position: 20% above the Hardware median (#535 of 2426)

No single metric tells the full story. See the BKK:ALT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ALT Telecom PCL Business Description

Address 52/1 Moo 5, Bangkruay-Sainoi Road, Bangsithong, Bangkruay, Nonthaburi, THA, 11130
ALT Telecom PCL operates in Thailand's telecommunications sector. Its business involves the provision of telecommunication services through base stations and equipment products. The company, in association with its subsidiaries, provides sales, installation, maintenance, and network rental for telecommunication networks; manufactures, assembles, and distributes electricity meters; and sells, installs, and rents solar cells. The group has three reportable segments: Network equipment, electricity meter, and solar cell distribution; Network Equipment Installation; and Network equipment rental business. Maximum revenue is generated from the Network Equipment Installation segment. Geographically, the group operates only in Thailand.
55GF Score

Get the complete analysis for BKK:ALT

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿1.82
Price
฿1.39
GF Value