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Beyond Securities PCLBKK:BYD -2.38%43 Piotroski F-Score is 5 as of Sep. 10, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates BKK:BYD with a GF Score™ of 43/100 and a GF Value™ of ฿0.94 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 786 Capital Markets companies, Beyond Securities PCL ranks better than 65.14% 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
Beyond Securities 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 Beyond Securities PCL's Piotroski F-Score or its related term are showing as below:
BKK:BYD'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 5
During the past 13 years, the highest Piotroski F-Score of Beyond Securities PCL was 7. The lowest was 2. And the median was 4.
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.
Beyond Securities PCL Piotroski F-Score Related Terms
Beyond Securities PCL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Beyond Securities 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:BYD vs MS, GS, SCHW: Piotroski F-Score Comparison
For the Capital Markets subindustry, Beyond Securities 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.
Beyond Securities PCL Piotroski F-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Beyond Securities PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Beyond Securities 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.
Beyond Securities PCL's current Net Income (TTM) was -348.
==> Negative ==> Score 0.
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.
Beyond Securities PCL's return on assets of this year was -0.06107629. Beyond Securities PCL's return on assets of last year was -0.57400354.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Beyond Securities PCL's gearing of this year was 0.00193045. Beyond Securities PCL's gearing of last year was 0.00406646.
==> 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
Beyond Securities PCL's current ratio of this year was 5.86838901. Beyond Securities PCL's current ratio of last year was 7.49113875.
==> 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.
Beyond Securities PCL's number of shares in issue this year was 5254.025. Beyond Securities PCL's number of shares in issue last year was 5209.344.
==> 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.
Beyond Securities PCL's gross margin of this year was 0.58042492. Beyond Securities PCL's gross margin of last year was 0.54777036.
==> 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
Beyond Securities PCL's asset turnover of this year was 0.22014946. Beyond Securities PCL's asset turnover of last year was 0.08984048.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Beyond Securities PCL has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Beyond Securities PCL (BKK:BYD) has a Piotroski F-Score of 5 as of Sep. 10, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Beyond Securities PCL and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Beyond Securities PCL's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, Beyond Securities PCL ranks #274 out of 786 companies in the Capital Markets industry, placing it in the top 34.9%.
Is Beyond Securities PCL's Piotroski F-Score too high?
Beyond Securities PCL's current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Capital Markets industry median Piotroski F-Score is 5.00. Beyond Securities PCL's value of 5 is 0% at this industry median. Based on the distribution chart, Beyond Securities PCL ranks #274 out of 786 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Beyond Securities PCL has a GF Score™ of 43/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Beyond Securities PCL's Piotroski F-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Beyond Securities PCL ranks #274 out of 786 companies for Piotroski F-Score. This puts Beyond Securities PCL in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Beyond Securities PCL's value of 5 is 0% at this benchmark. Historically, Beyond Securities PCL's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Beyond Securities PCL has consistently been at 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 Capital Markets company?
The median Piotroski F-Score among Capital Markets companies is 5.00, based on 786 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. Beyond Securities PCL's current Piotroski F-Score of 5 is 0% at 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 Beyond Securities PCL and its competitors. For the Capital Markets 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. Beyond Securities PCL's current Piotroski F-Score is 5, which is 25% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beyond Securities PCL stock overvalued right now?
Based on GuruFocus' analysis, Beyond Securities PCL (BKK:BYD) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.94, compared to a current price of ฿0.41 — trading 56.4% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Capital Markets industry median of 5.00. Beyond Securities PCL's overall GF Score™ is 43/100 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 Beyond Securities PCL (BKK:BYD), the current Piotroski F-Score is 5 as of Sep. 10, 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 Beyond Securities PCL (BKK:BYD) Overvalued in 2026?
Based on GuruFocus' analysis, Beyond Securities PCL stock appears to be undervalued.
The current stock price of ฿0.41 is trading 56.4% below its estimated GF Value™ of ฿0.94.
GuruFocus considers Beyond Securities PCL to be Possible Value Trap.
Key valuation signals for BKK:BYD:
Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
GF Value™: ฿0.94 vs. price of ฿0.41 (56.4% below fair value)
Industry Position: 0% at the Capital Markets median (#274 of 786)
No single metric tells the full story. See the BKK:BYD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beyond Securities PCL is engaged in the securities business. It offers services such as securities brokerage, securities trading, securities underwriting, investment advisory service, derivatives brokerage, securities borrowing, and lending and private fund management. The Company has two reportable segments which comprise the Securities and Derivative business segment, which provides brokerage and derivative brokerage services, including the investment banking segment, and the Investment business segment, which provides services related to the management of the investment in securities. The majority of the revenue for the company is generated from its Securities and Derivative business segment. The Company generates totally operating revenue in Thailand.
43GF Score
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