Better World Green PCLBKK:BWG -3.70%47 Piotroski F-Score is 8 as of Jul. 01, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates BKK:BWG with a GF Score™ of 47/100 and a GF Value™ of ฿0.38 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 239 Waste Management companies, Better World Green PCL ranks better than 98.74% 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
Better World Green 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 Better World Green PCL's Piotroski F-Score or its related term are showing as below:
BKK:BWG'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 8
Current: 8
During the past 13 years, the highest Piotroski F-Score of Better World Green PCL was 8. The lowest was 2. And the median was 5.
Better World Green PCL (BKK:BWG) 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.
Better World Green PCL Piotroski F-Score Related Terms
Better World Green PCL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Better World Green 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.
BKK:BWG vs WM, RSG, WCN: Piotroski F-Score Comparison
For the Waste Management subindustry, Better World Green 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.
Better World Green PCL Piotroski F-Score vs Waste Management Industry
For the Waste Management industry and Industrials sector, Better World Green PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Better World Green 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.
Better World Green PCL's current Net Income (TTM) was 471.
==> 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.
Better World Green PCL's return on assets of this year was 0.04609973. Better World Green PCL's return on assets of last year was 0.011708.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Better World Green PCL's gearing of this year was 0.0629074. Better World Green PCL's gearing of last year was 0.16157085.
==> 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
Better World Green PCL's current ratio of this year was 2.48652836. Better World Green PCL's current ratio of last year was 1.53341555.
==> 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.
Better World Green PCL's number of shares in issue this year was 6104.097. Better World Green PCL's number of shares in issue last year was 5607.791.
==> 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.
Better World Green PCL's gross margin of this year was 0.29041399. Better World Green PCL's gross margin of last year was 0.28593524.
==> 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
Better World Green PCL's asset turnover of this year was 0.27363464. Better World Green PCL's asset turnover of last year was 0.25340998.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Better World Green PCL has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
Better World Green PCL (BKK:BWG) has a Piotroski F-Score of 8 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Better World Green PCL and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Better World Green PCL's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Better World Green PCL ranks #3 out of 239 companies in the Waste Management industry, placing it in the top 1.3%.
Is Better World Green PCL's Piotroski F-Score too high?
Better World Green PCL's current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Waste Management industry median Piotroski F-Score is 5.00. Better World Green PCL's value of 8 is 60% above this industry median. Based on the distribution chart, Better World Green PCL ranks #3 out of 239 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Better World Green PCL has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Better World Green PCL's Piotroski F-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Better World Green PCL ranks #3 out of 239 companies for Piotroski F-Score. This places Better World Green PCL in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Better World Green PCL's value of 8 is 60% above this benchmark. Historically, Better World Green PCL's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Better World Green 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 Waste Management company?
The median Piotroski F-Score among Waste Management companies is 5.00, based on 239 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. Better World Green 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 Better World Green PCL and its competitors. For the Waste Management 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. Better World Green PCL's current Piotroski F-Score is 8, which is 60% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Better World Green PCL stock overvalued right now?
Based on GuruFocus' analysis, Better World Green PCL (BKK:BWG) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.38, compared to a current price of ฿0.26 — trading 31.6% below its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Waste Management industry median of 5.00. Better World Green PCL's overall GF Score™ is 47/100 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 Better World Green PCL (BKK:BWG), the current Piotroski F-Score is 8 as of Jul. 01, 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 Better World Green PCL (BKK:BWG) Overvalued in 2026?
Based on GuruFocus' analysis, Better World Green PCL stock appears to be undervalued.
The current stock price of ฿0.26 is trading 31.6% below its estimated GF Value™ of ฿0.38.
GuruFocus considers Better World Green PCL to be Possible Value Trap.
Key valuation signals for BKK:BWG:
Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
GF Value™: ฿0.38 vs. price of ฿0.26 (31.6% below fair value)
Industry Position: 60% above the Waste Management median (#3 of 239)
No single metric tells the full story. See the BKK:BWG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Better World Green PCL is engaged in integrated waste treatment and disposal of the industrial waste and construction. The company has carried on its operations in the single geographical area of Thailand and is engaged in the integrated industrial waste treatment and disposal of the industrial waste, business as an agent of industrial waste management and transportation, construction business, business of electric production and distribution from the waste fuel power plant and waste water treatment business.
47GF Score
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