Alucon PCL (BKK:ALUCON-R) Piotroski F-Score: 5 (As of Jun. 25, 2026) — 29% Below Median


BKK:ALUCON-R Alucon PCL BKK:ALUCON-R
64 GF Score
Price ฿179.50
GF Value ฿150.89
! 6 Warning Signs
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What is Alucon PCL Piotroski F-Score?

Alucon PCL BKK:ALUCON-R 64 Piotroski F-Score is 5 as of Jun. 25, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates BKK:ALUCON-R with a GF Score™ of 64/100 and a GF Value™ of ฿150.89. The stock has 6 warning signs investors should review. Among 2,511 Metals & Mining companies, Alucon PCL ranks better than 86.02% 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

Alucon PCL has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Alucon PCL's Piotroski F-Score or its related term are showing as below:

BKK:ALUCON-R' s Piotroski F-Score Range Over the Past 10 Years
Min: 5   Med: 7   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Alucon PCL was 9. The lowest was 5. And the median was 7.

Alucon PCL  (BKK:ALUCON-R) 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.


Alucon PCL Piotroski F-Score Related Terms


Alucon PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Alucon 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.

Alucon PCL Piotroski F-Score Chart

Alucon 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 6.00 6.00 6.00 8.00 7.00

Alucon 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 6.00 6.00 6.00 7.00 5.00

BKK:ALUCON-R vs AA, CENX, CSTM: Piotroski F-Score Comparison

For the Aluminum subindustry, Alucon 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.


Alucon PCL Piotroski F-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Alucon PCL's Piotroski F-Score distribution charts can be found below:

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


BKK:ALUCON-R
64GF Score
Alucon PCL BKK:ALUCON-R
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 355.396 + 206.434 + 177.277 + 336.245 = ฿1,075 Mil.
Cash Flow from Operations was -50.989 + 120.954 + 133.876 + 436.202 = ฿640 Mil.
Revenue was 1802.09 + 1710.92 + 1603.887 + 1816.974 = ฿6,934 Mil.
Gross Profit was 277.724 + 255.928 + 260.434 + 354.787 = ฿1,149 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(8403.513 + 8253.525 + 8357.958 + 8475.822 + 9076.004) / 5 = ฿8513.3644 Mil.
Total Assets at the begining of this year (Mar25) was ฿8,404 Mil.
Long-Term Debt & Capital Lease Obligation was ฿0 Mil.
Total Current Assets was ฿7,371 Mil.
Total Current Liabilities was ฿858 Mil.
Net Income was 229.6 + 46.178 + 216.466 + 275.295 = ฿768 Mil.

Revenue was 1537.002 + 1675.294 + 1540.652 + 1792.214 = ฿6,545 Mil.
Gross Profit was 266.638 + 253.758 + 199.71 + 301.945 = ฿1,022 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(7890.793 + 7767.908 + 7754.815 + 7962.376 + 8403.513) / 5 = ฿7955.881 Mil.
Total Assets at the begining of last year (Mar24) was ฿7,891 Mil.
Long-Term Debt & Capital Lease Obligation was ฿0 Mil.
Total Current Assets was ฿6,429 Mil.
Total Current Liabilities was ฿694 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.

Alucon PCL's current Net Income (TTM) was 1,075. ==> 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.

Alucon PCL's current Cash Flow from Operations (TTM) was 640. ==> 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)
=1075.352/8403.513
=0.12796458

ROA (Last Year)=Net Income/Total Assets (Mar24)
=767.539/7890.793
=0.0972702

Alucon PCL's return on assets of this year was 0.12796458. Alucon PCL's return on assets of last year was 0.0972702. ==> 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.

Alucon PCL's current Net Income (TTM) was 1,075. Alucon PCL's current Cash Flow from Operations (TTM) was 640. ==> 640 <= 1,075 ==> CFROA <= ROA ==> Score 0.

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
=0/8513.3644
=0

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=0/7955.881
=0

Alucon PCL's gearing of this year was 0. Alucon PCL's gearing of last year was 0. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=7370.519/858.23
=8.58804633

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=6429.003/693.647
=9.26840742

Alucon PCL's current ratio of this year was 8.58804633. Alucon PCL's current ratio of last year was 9.26840742. ==> 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.

Alucon PCL's number of shares in issue this year was 43.219. Alucon PCL's number of shares in issue last year was 43.217. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1148.873/6933.871
=0.16568999

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1022.051/6545.162
=0.15615366

Alucon PCL's gross margin of this year was 0.16568999. Alucon PCL's gross margin of last year was 0.15615366. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=6933.871/8403.513
=0.82511576

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=6545.162/7890.793
=0.82946822

Alucon PCL's asset turnover of this year was 0.82511576. Alucon PCL's asset turnover of last year was 0.82946822. ==> Last year's asset turnover is higher ==> Score 0.

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+0+1+0+0+1+0
=5

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

Alucon PCL has an F-score of 5 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 5 mean?
Alucon PCL (BKK:ALUCON-R) has a Piotroski F-Score of 5 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Alucon PCL and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Alucon PCL's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Alucon PCL ranks #351 out of 2511 companies in the Metals & Mining industry, placing it in the top 14%.
Is Alucon PCL's Piotroski F-Score too high?
Alucon PCL's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Metals & Mining industry median Piotroski F-Score is 3.00. Alucon PCL's value of 5 is 66.7% above this industry median. Based on the distribution chart, Alucon PCL ranks #351 out of 2511 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Alucon PCL has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Alucon PCL's Piotroski F-Score compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Alucon PCL ranks #351 out of 2511 companies for Piotroski F-Score. This places Alucon PCL in the top 14% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. Alucon PCL's value of 5 is 66.7% above this benchmark. Historically, Alucon PCL's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 3.00, Alucon 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,511 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. Alucon PCL's current Piotroski F-Score of 5 is 66.7% 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 Alucon PCL and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alucon PCL's current Piotroski F-Score is 5, which is 29% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alucon PCL stock overvalued right now?
Alucon PCL (BKK:ALUCON-R) has a current Piotroski F-Score of 5. The stock's GF Value™ is ฿150.89, compared to a current price of ฿179.50 — trading 19% above its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 66.7% above the Metals & Mining industry median of 3.00. Alucon PCL's overall GF Score™ is 64/100 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 Alucon PCL (BKK:ALUCON-R), the current Piotroski F-Score is 5 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 Alucon PCL (BKK:ALUCON-R) Overvalued in 2026?

Based on GuruFocus' analysis, Alucon PCL stock appears to be overvalued. The current stock price of ฿179.50 is trading 19% above its estimated GF Value™ of ฿150.89.

Key valuation signals for BKK:ALUCON-R:

  • Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
  • GF Value™: ฿150.89 vs. price of ฿179.50 (19% above fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 66.7% above the Metals & Mining median (#351 of 2511)

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


Alucon PCL Business Description

Other Exchanges ALUCON:Thailand
Address 500 Moo 1, Sukhumvit 72 Road, Soi Sirikam, North Samrong, Muang, Samut Prakarn, THA, 10270
Alucon PCL is a Thailand-based company engaged in producing and distributing aluminium containers such as Aluminium Collapsible Tubes, Aluminium Monobloc Aerosol Cans, Aluminium Rigid Wall Containers, Aluminium Bottles, Technical Impact Extrusions, Aluminium Slugs, Aluminium Coils, Aluminium Pellets, strips, plates, etc. The company has two segments namely, the Can and tube segment and the Slug segment and it has a business presence in Thailand, Asia Pacific, America and other countries.
64GF Score

Get the complete analysis for BKK:ALUCON-R

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

฿179.50
Price
฿150.89
GF Value