Atlas Energy PCL (BKK:ATLAS) Piotroski F-Score: 8 (As of Jul. 06, 2026) — 14% Above Median


BKK:ATLAS Atlas Energy PCL BKK:ATLAS
11 GF Score
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What is Atlas Energy PCL Piotroski F-Score?

Atlas Energy PCL BKK:ATLAS +0.54% 11 Piotroski F-Score is 8 as of Jul. 06, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates BKK:ATLAS with a GF Score™ of 11/100. The stock has 5 warning signs investors should review. Among 973 Oil & Gas companies, Atlas Energy PCL ranks better than 98.46% 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

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

BKK:ATLAS' s Piotroski F-Score Range Over the Past 10 Years
Min: 6   Med: 7   Max: 8
Current: 8

During the past 4 years, the highest Piotroski F-Score of Atlas Energy PCL was 8. The lowest was 6. And the median was 7.

Atlas Energy PCL  (BKK:ATLAS) 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.


Atlas Energy PCL Piotroski F-Score Related Terms


Atlas Energy PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Atlas Energy 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.

Atlas Energy PCL Piotroski F-Score Chart

Atlas Energy PCL Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 6.00 8.00

Atlas Energy PCL Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial N/A 0.00 6.00 0.00 8.00

BKK:ATLAS vs VLO, MPC, PSX: Piotroski F-Score Comparison

For the Oil & Gas Refining & Marketing subindustry, Atlas Energy 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.


Atlas Energy PCL Piotroski F-Score vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Atlas Energy PCL's Piotroski F-Score distribution charts can be found below:

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


BKK:ATLAS
11GF Score
Atlas Energy PCL BKK:ATLAS
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 (Dec25) TTM:Last Year (Dec24) TTM:
Net Income was ฿301 Mil.
Cash Flow from Operations was ฿748 Mil.
Revenue was ฿11,616 Mil.
Gross Profit was ฿1,705 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was (8365.644 + 9145.178) / 2 = ฿8755.411 Mil.
Total Assets at the begining of this year (Dec24) was ฿8,366 Mil.
Long-Term Debt & Capital Lease Obligation was ฿4,062 Mil.
Total Current Assets was ฿1,380 Mil.
Total Current Liabilities was ฿1,877 Mil.
Net Income was ฿285 Mil.

Revenue was ฿18,432 Mil.
Gross Profit was ฿2,005 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was (8151.44 + 8365.644) / 2 = ฿8258.542 Mil.
Total Assets at the begining of last year (Dec23) was ฿8,151 Mil.
Long-Term Debt & Capital Lease Obligation was ฿4,215 Mil.
Total Current Assets was ฿853 Mil.
Total Current Liabilities was ฿2,371 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.

Atlas Energy PCL's current Net Income (TTM) was 301. ==> 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.

Atlas Energy PCL's current Cash Flow from Operations (TTM) was 748. ==> 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 (Dec24)
=301.19/8365.644
=0.03600321

ROA (Last Year)=Net Income/Total Assets (Dec23)
=285.238/8151.44
=0.03499234

Atlas Energy PCL's return on assets of this year was 0.03600321. Atlas Energy PCL's return on assets of last year was 0.03499234. ==> 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.

Atlas Energy PCL's current Net Income (TTM) was 301. Atlas Energy PCL's current Cash Flow from Operations (TTM) was 748. ==> 748 > 301 ==> 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: Dec25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec24 to Dec25
=4061.68/8755.411
=0.46390512

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=4214.966/8258.542
=0.51037653

Atlas Energy PCL's gearing of this year was 0.46390512. Atlas Energy PCL's gearing of last year was 0.51037653. ==> 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: Dec25)=Total Current Assets/Total Current Liabilities
=1379.868/1877.491
=0.73495319

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=852.873/2371.056
=0.35970175

Atlas Energy PCL's current ratio of this year was 0.73495319. Atlas Energy PCL's current ratio of last year was 0.35970175. ==> 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.

Atlas Energy PCL's number of shares in issue this year was 1089.416. Atlas Energy PCL's number of shares in issue last year was 1418.42. ==> 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
=1704.905/11616.421
=0.14676681

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=2005.126/18432.352
=0.10878297

Atlas Energy PCL's gross margin of this year was 0.14676681. Atlas Energy PCL's gross margin of last year was 0.10878297. ==> 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 (Dec24)
=11616.421/8365.644
=1.38858658

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=18432.352/8151.44
=2.26123875

Atlas Energy PCL's asset turnover of this year was 1.38858658. Atlas Energy PCL's asset turnover of last year was 2.26123875. ==> 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+1+1+1+1+1+0
=8

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

Atlas Energy PCL has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
Atlas Energy PCL (BKK:ATLAS) has a Piotroski F-Score of 8 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Atlas Energy PCL and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Atlas Energy PCL's Piotroski F-Score has ranged from 6.00 to 8.00. According to the industry distribution chart, Atlas Energy PCL ranks #15 out of 973 companies in the Oil & Gas industry, placing it in the top 1.5%.
Is Atlas Energy PCL's Piotroski F-Score too high?
Atlas Energy PCL's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 8.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Atlas Energy PCL's value of 8 is 60% above this industry median. Based on the distribution chart, Atlas Energy PCL ranks #15 out of 973 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Atlas Energy PCL has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Atlas Energy PCL's Piotroski F-Score compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Atlas Energy PCL ranks #15 out of 973 companies for Piotroski F-Score. This places Atlas Energy PCL in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Atlas Energy PCL's value of 8 is 60% above this benchmark. Historically, Atlas Energy PCL's own Piotroski F-Score has ranged from 6.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, Atlas Energy 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 Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 973 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. Atlas Energy 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 Atlas Energy PCL and its competitors. For the Oil & Gas 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. Atlas Energy PCL's current Piotroski F-Score is 8, which is 14% above 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 Atlas Energy PCL stock overvalued right now?
Atlas Energy PCL (BKK:ATLAS) has a current Piotroski F-Score of 8. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Oil & Gas industry median of 5.00. Atlas Energy PCL's overall GF Score™ is 11/100 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 Atlas Energy PCL (BKK:ATLAS), the current Piotroski F-Score is 8 as of Jul. 06, 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.

Atlas Energy PCL Business Description

Industry EnergyOil & Gas
Address Ratchadaphisek Road, 90, CW Tower A Building, 24th Floor, Huai Khwang District, Bangkok, THA, 10310
Atlas Energy PCL is a Thailand-based company engaged in the liquefied petroleum gas (LPG) distribution business. It is in the business of trading cooking gas products, gas service stations, providing oil distribution management services for the service stations, and trading of supplies and equipment for gas service stations. The company has three reporting segments: Automotive; Household and Industrial; and Management services and others, with the majority of revenue from the Automotive segment.
11GF Score

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

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