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Thai Coconut PCLBKK:COCOCO 70 Piotroski F-Score is 6 as of Aug. 18, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates BKK:COCOCO with a GF Score™ of 70/100 and a GF Value™ of ฿8.20 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,910 Consumer Packaged Goods companies, Thai Coconut PCL ranks worse than 52355.97% 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
Thai Coconut 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 Thai Coconut PCL's Piotroski F-Score or its related term are showing as below:
BKK:COCOCO'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 4 Max: 8
Current: 6
During the past 7 years, the highest Piotroski F-Score of Thai Coconut PCL was 8. The lowest was 4. 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.
Thai Coconut PCL Piotroski F-Score Related Terms
Thai Coconut PCL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Thai Coconut 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:COCOCO vs KHC, GIS: Piotroski F-Score Comparison
For the Packaged Foods subindustry, Thai Coconut 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.
Thai Coconut PCL Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Coconut PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Thai Coconut 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.
Thai Coconut PCL's current Net Income (TTM) was 307.
==> 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.
Thai Coconut PCL's return on assets of this year was 0.03867466. Thai Coconut PCL's return on assets of last year was 0.06549827.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Thai Coconut PCL's gearing of this year was 0.26131967. Thai Coconut PCL's gearing of last year was 0.17955337.
==> 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
Thai Coconut PCL's current ratio of this year was 1.07476223. Thai Coconut PCL's current ratio of last year was 0.92513071.
==> 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.
Thai Coconut PCL's number of shares in issue this year was 1530.313. Thai Coconut PCL's number of shares in issue last year was 1546.5.
==> 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.
Thai Coconut PCL's gross margin of this year was 0.21390748. Thai Coconut PCL's gross margin of last year was 0.19514217.
==> 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
Thai Coconut PCL's asset turnover of this year was 0.83101913. Thai Coconut PCL's asset turnover of last year was 1.14627388.
==> 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
Thai Coconut PCL has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Thai Coconut PCL (BKK:COCOCO) has a Piotroski F-Score of 6 as of Aug. 18, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Thai Coconut PCL and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Thai Coconut PCL's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Thai Coconut PCL ranks #999999 out of 1910 companies in the Consumer Packaged Goods industry.
Is Thai Coconut PCL's Piotroski F-Score too high?
Thai Coconut PCL's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Thai Coconut PCL's value of 6 is 20% above this industry median. Based on the distribution chart, Thai Coconut PCL ranks #999999 out of 1910 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Thai Coconut PCL has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Coconut PCL's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Thai Coconut PCL ranks #999999 out of 1910 companies for Piotroski F-Score. This places Thai Coconut PCL in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Thai Coconut PCL's value of 6 is 20% above this benchmark. Historically, Thai Coconut PCL's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Thai Coconut 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,910 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. Thai Coconut 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 Thai Coconut PCL and its competitors. For the Consumer Packaged Goods 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. Thai Coconut PCL's current Piotroski F-Score is 6, which is 50% 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 Thai Coconut PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Coconut PCL (BKK:COCOCO) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿8.20, compared to a current price of ฿6.00 — trading 26.8% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Consumer Packaged Goods industry median of 5.00. Thai Coconut PCL's overall GF Score™ is 70/100 with 6 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 Thai Coconut PCL (BKK:COCOCO), the current Piotroski F-Score is 6 as of Aug. 18, 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 Thai Coconut PCL (BKK:COCOCO) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Coconut PCL stock appears to be undervalued.
The current stock price of ฿6.00 is trading 26.8% below its estimated GF Value™ of ฿8.20.
GuruFocus considers Thai Coconut PCL to be Modestly Undervalued.
Key valuation signals for BKK:COCOCO:
Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
GF Value™: ฿8.20 vs. price of ฿6.00 (26.8% below fair value)
Industry Position: 20% above the Consumer Packaged Goods median (#999999 of 1910)
No single metric tells the full story. See the BKK:COCOCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Coconut PCL is engaged in the production and distribution of coconut products. The company operates as a manufacturer of coconut-based products, including coconut milk, coconut water, ready curry soups, and coconut snacks, produced under the Thaicoco and Cocoburi brands. It also produces industrial coconut-based products. Its reportable segments are: Coconut milk, Coconut water, and Pet food. It generates the majority of revenue from the Coconut water segment. Geographically, it generates the maximum revenue from Asia, followed by America, Europe, the Middle East, Oceania, and Africa.
70GF 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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