Bangkok Chain Hospital (BKK:BCH) Piotroski F-Score: 6 (As of Jun. 28, 2026) — Near Median


BKK:BCH Bangkok Chain Hospital PLC BKK:BCH
72 GF Score
Price ฿9.90
GF Value ฿15.75
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Bangkok Chain Hospital Piotroski F-Score?

Bangkok Chain Hospital BKK:BCH +0.51% 72 Piotroski F-Score is 6 as of Jun. 28, 2026, which is at its 10-year median of 6.00. GuruFocus rates BKK:BCH with a GF Score™ of 72/100 and a GF Value™ of ฿15.75 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 650 Healthcare Providers & Services companies, Bangkok Chain Hospital ranks better than 74.62% 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

Bangkok Chain Hospital 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 Bangkok Chain Hospital's Piotroski F-Score or its related term are showing as below:

BKK:BCH' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Bangkok Chain Hospital was 9. The lowest was 4. And the median was 6.

Bangkok Chain Hospital  (BKK:BCH) 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.


Bangkok Chain Hospital Piotroski F-Score Related Terms


Bangkok Chain Hospital Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Bangkok Chain Hospital'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.

Bangkok Chain Hospital Piotroski F-Score Chart

Bangkok Chain Hospital 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 7.00 6.00 5.00 7.00 9.00

Bangkok Chain Hospital 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 7.00 5.00 9.00 6.00

BKK:BCH vs HCA, THC, DVA: Piotroski F-Score Comparison

For the Medical Care Facilities subindustry, Bangkok Chain Hospital'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.


Bangkok Chain Hospital Piotroski F-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Bangkok Chain Hospital's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Bangkok Chain Hospital's Piotroski F-Score falls into.


BKK:BCH
72GF Score
Bangkok Chain Hospital PLC BKK:BCH
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 388.219 + 347.331 + 259.498 + 267.555 = ฿1,263 Mil.
Cash Flow from Operations was 453.537 + 885.485 + 708.157 + 392.866 = ฿2,440 Mil.
Revenue was 3039.11 + 3051.271 + 2971.676 + 2923.306 = ฿11,985 Mil.
Gross Profit was 927.555 + 854.667 + 778.25 + 777.465 = ฿3,338 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(17432.342 + 17451.185 + 17323.489 + 17486.091 + 17575.631) / 5 = ฿17453.7476 Mil.
Total Assets at the begining of this year (Mar25) was ฿17,432 Mil.
Long-Term Debt & Capital Lease Obligation was ฿234 Mil.
Total Current Assets was ฿3,713 Mil.
Total Current Liabilities was ฿2,626 Mil.
Net Income was 277.102 + 453.335 + 233.04 + 321.312 = ฿1,285 Mil.

Revenue was 2874.975 + 3277.507 + 2779.751 + 2922.42 = ฿11,855 Mil.
Gross Profit was 762.594 + 1039.752 + 646.701 + 834.592 = ฿3,284 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(17041.064 + 17483.62 + 17229.113 + 17374.847 + 17432.342) / 5 = ฿17312.1972 Mil.
Total Assets at the begining of last year (Mar24) was ฿17,041 Mil.
Long-Term Debt & Capital Lease Obligation was ฿271 Mil.
Total Current Assets was ฿3,900 Mil.
Total Current Liabilities was ฿2,586 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.

Bangkok Chain Hospital's current Net Income (TTM) was 1,263. ==> 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.

Bangkok Chain Hospital's current Cash Flow from Operations (TTM) was 2,440. ==> 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)
=1262.603/17432.342
=0.07242876

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1284.789/17041.064
=0.07539371

Bangkok Chain Hospital's return on assets of this year was 0.07242876. Bangkok Chain Hospital's return on assets of last year was 0.07539371. ==> Last year is higher ==> Score 0.

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.

Bangkok Chain Hospital's current Net Income (TTM) was 1,263. Bangkok Chain Hospital's current Cash Flow from Operations (TTM) was 2,440. ==> 2,440 > 1,263 ==> 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
=233.792/17453.7476
=0.01339495

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=271.247/17312.1972
=0.01566797

Bangkok Chain Hospital's gearing of this year was 0.01339495. Bangkok Chain Hospital's gearing of last year was 0.01566797. ==> 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
=3712.87/2626.059
=1.41385628

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=3899.887/2585.972
=1.50809328

Bangkok Chain Hospital's current ratio of this year was 1.41385628. Bangkok Chain Hospital's current ratio of last year was 1.50809328. ==> 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.

Bangkok Chain Hospital's number of shares in issue this year was 2432.318. Bangkok Chain Hospital's number of shares in issue last year was 2471.631. ==> 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
=3337.937/11985.363
=0.27850112

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=3283.639/11854.653
=0.27699157

Bangkok Chain Hospital's gross margin of this year was 0.27850112. Bangkok Chain Hospital's gross margin of last year was 0.27699157. ==> 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)
=11985.363/17432.342
=0.68753602

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=11854.653/17041.064
=0.69565216

Bangkok Chain Hospital's asset turnover of this year was 0.68753602. Bangkok Chain Hospital's asset turnover of last year was 0.69565216. ==> 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+0+1+1+0+1+1+0
=6

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

Bangkok Chain Hospital 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?
Bangkok Chain Hospital (BKK:BCH) has a Piotroski F-Score of 6 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Bangkok Chain Hospital and its competitors. This is near median its historical median of 6.00. Over the past decade, Bangkok Chain Hospital's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Bangkok Chain Hospital ranks #165 out of 650 companies in the Healthcare Providers & Services industry, placing it in the top 25.4%.
Is Bangkok Chain Hospital's Piotroski F-Score too high?
Bangkok Chain Hospital'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 4.00 to a high of 9.00. The Healthcare Providers & Services industry median Piotroski F-Score is 5.00. Bangkok Chain Hospital's value of 6 is 20% above this industry median. Based on the distribution chart, Bangkok Chain Hospital ranks #165 out of 650 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Bangkok Chain Hospital has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bangkok Chain Hospital's Piotroski F-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Bangkok Chain Hospital ranks #165 out of 650 companies for Piotroski F-Score. This puts Bangkok Chain Hospital in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Bangkok Chain Hospital's value of 6 is 20% above this benchmark. Historically, Bangkok Chain Hospital's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Bangkok Chain Hospital 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 Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 650 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. Bangkok Chain Hospital'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 Bangkok Chain Hospital and its competitors. For the Healthcare Providers & Services 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. Bangkok Chain Hospital'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 Bangkok Chain Hospital stock overvalued right now?
Based on GuruFocus' analysis, Bangkok Chain Hospital (BKK:BCH) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿15.75, compared to a current price of ฿9.90 — trading 37.1% 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 Healthcare Providers & Services industry median of 5.00. Bangkok Chain Hospital's overall GF Score™ is 72/100 with 4 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 Bangkok Chain Hospital (BKK:BCH), the current Piotroski F-Score is 6 as of Jun. 28, 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 Bangkok Chain Hospital (BKK:BCH) Overvalued in 2026?

Based on GuruFocus' analysis, Bangkok Chain Hospital stock appears to be undervalued. The current stock price of ฿9.90 is trading 37.1% below its estimated GF Value™ of ฿15.75. GuruFocus considers Bangkok Chain Hospital to be Significantly Undervalued.

Key valuation signals for BKK:BCH:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: ฿15.75 vs. price of ฿9.90 (37.1% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 20% above the Healthcare Providers & Services median (#165 of 650)

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


Bangkok Chain Hospital Business Description

Address 44 Moo 4, Chaengwattana Road, Pakkred, Nonthaburi, THA, 11120
Bangkok Chain Hospital PLC is engaged in operating private hospitals and, nursing businesses to provide medical treatment to patients in Bangkok vicinity, Chiang Rai, Saraburi, Nonthaburi, Pathumthani, Ayudhaya, Chachoengsao, Prachinburi, Sa Kaeo Province, and Lao People's Democratic Republic as well as selling healthy drinks, providing medical analysis and research services in operation rooms, and providing assets management services relevant to the hospital and property for rent. The group operates in single line of business, private hospital business.
72GF Score

Get the complete analysis for BKK:BCH

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

฿9.90
Price
฿15.75
GF Value