Asian Marine Services PCLBKK:ASIMAR -1.52%76 Piotroski F-Score is 6 as of Jun. 27, 2026, which is at its 10-year median of 6.00. GuruFocus rates BKK:ASIMAR with a GF Score™ of 76/100 and a GF Value™ of ฿1.91 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 319 Aerospace & Defense companies, Asian Marine Services PCL ranks better than 73.98% 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
Asian Marine Services 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 Asian Marine Services PCL's Piotroski F-Score or its related term are showing as below:
BKK:ASIMAR'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 9
Current: 6
During the past 13 years, the highest Piotroski F-Score of Asian Marine Services PCL was 9. The lowest was 2. And the median was 6.
Asian Marine Services PCL (BKK:ASIMAR) 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.
Asian Marine Services PCL Piotroski F-Score Related Terms
Asian Marine Services 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:ASIMAR vs GE, RTX, BA: Piotroski F-Score Comparison
For the Aerospace & Defense subindustry, Asian Marine Services 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.
Asian Marine Services PCL Piotroski F-Score vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Asian Marine Services PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Asian Marine Services 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.
Asian Marine Services PCL's current Net Income (TTM) was 38.7.
==> 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.
Score 1 if positive, 0 if negative.
Asian Marine Services PCL's current Cash Flow from Operations (TTM) was 186.9.
==> 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.
Asian Marine Services PCL's return on assets of this year was 0.04312567. Asian Marine Services PCL's return on assets of last year was 0.06069245.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Asian Marine Services PCL's gearing of this year was 0.04327488. Asian Marine Services PCL's gearing of last year was 0.04228384.
==> 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
Asian Marine Services PCL's current ratio of this year was 1.10095647. Asian Marine Services PCL's current ratio of last year was 1.03820661.
==> 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.
Asian Marine Services PCL's number of shares in issue this year was 258.291. Asian Marine Services PCL's number of shares in issue last year was 258.291.
==> 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.
Asian Marine Services PCL's gross margin of this year was 0.2229528. Asian Marine Services PCL's gross margin of last year was 0.1950179.
==> 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
Asian Marine Services PCL's asset turnover of this year was 1.00968414. Asian Marine Services PCL's asset turnover of last year was 1.30493435.
==> 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
Asian Marine Services PCL has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Asian Marine Services PCL (BKK:ASIMAR) 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 Asian Marine Services PCL and its competitors. This is near median its historical median of 6.00. Over the past decade, Asian Marine Services PCL's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Asian Marine Services PCL ranks #83 out of 319 companies in the Aerospace & Defense industry, placing it in the top 26%.
Is Asian Marine Services PCL's Piotroski F-Score too high?
Asian Marine Services 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 9.00. The Aerospace & Defense industry median Piotroski F-Score is 5.00. Asian Marine Services PCL's value of 6 is 20% above this industry median. Based on the distribution chart, Asian Marine Services PCL ranks #83 out of 319 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Asian Marine Services PCL has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asian Marine Services PCL's Piotroski F-Score compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Asian Marine Services PCL ranks #83 out of 319 companies for Piotroski F-Score. This puts Asian Marine Services PCL in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Asian Marine Services PCL's value of 6 is 20% above this benchmark. Historically, Asian Marine Services PCL's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Asian Marine Services 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 Aerospace & Defense company?
The median Piotroski F-Score among Aerospace & Defense companies is 5.00, based on 319 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. Asian Marine Services 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 Asian Marine Services PCL and its competitors. For the Aerospace & Defense 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. Asian Marine Services 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 Asian Marine Services PCL stock overvalued right now?
Based on GuruFocus' analysis, Asian Marine Services PCL (BKK:ASIMAR) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿1.91, compared to a current price of ฿1.30 — trading 31.9% below 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 Aerospace & Defense industry median of 5.00. Asian Marine Services PCL's overall GF Score™ is 76/100 with 5 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 Asian Marine Services PCL (BKK:ASIMAR), 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 Asian Marine Services PCL (BKK:ASIMAR) Overvalued in 2026?
Based on GuruFocus' analysis, Asian Marine Services PCL stock appears to be undervalued.
The current stock price of ฿1.30 is trading 31.9% below its estimated GF Value™ of ฿1.91.
GuruFocus considers Asian Marine Services PCL to be Significantly Undervalued.
Key valuation signals for BKK:ASIMAR:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: ฿1.91 vs. price of ฿1.30 (31.9% below fair value)
Industry Position: 20% above the Aerospace & Defense median (#83 of 319)
No single metric tells the full story. See the BKK:ASIMAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asian Marine Services PCL is principally engaged in the shipbuilding and ship repair services. It provides services such as ship repair, shipbuilding, engineering construction projects such as steel structures, airport passenger walkways, and oil rig construction, etc. The company and its subsidiaries' business operations involve three principal segments, namely, Ship Repairing, Shipbuilding, and Ship Supply. The majority of the company's revenue is derived from the Ship repairing segment. Geographically, it operates mainly in Thailand.
76GF Score
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