Dental PCL (BKK:D) Piotroski F-Score: 8 (As of Jun. 26, 2026) — 33% Above Median


BKK:D Dental Corp PCL BKK:D
89 GF Score
Price ฿2.92
GF Value ฿3.69
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Dental PCL Piotroski F-Score?

Dental PCL BKK:D -0.68% 89 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates BKK:D with a GF Score™ of 89/100 and a GF Value™ of ฿3.69 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 652 Healthcare Providers & Services companies, Dental PCL ranks better than 97.39% 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

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

BKK:D' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of Dental PCL was 9. The lowest was 2. And the median was 6.

Dental PCL  (BKK:D) 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.


Dental PCL Piotroski F-Score Related Terms


Dental PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Dental 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.

Dental PCL Piotroski F-Score Chart

Dental PCL 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 4.00 8.00 8.00 6.00 8.00

Dental PCL 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 6.00 6.00 6.00 8.00 8.00

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

For the Medical Care Facilities subindustry, Dental 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.


Dental PCL Piotroski F-Score vs Healthcare Providers & Services Industry

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

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


BKK:D
89GF Score
Dental Corp PCL BKK:D
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 19.78 + 20.082 + 29.85 + 22.457 = ฿92 Mil.
Cash Flow from Operations was 38.923 + 35.922 + 53.614 + 42.144 = ฿171 Mil.
Revenue was 265.114 + 262.304 + 273.914 + 288.52 = ฿1,090 Mil.
Gross Profit was 91.885 + 92.501 + 107.895 + 107.674 = ฿400 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1335.794 + 1313.284 + 1371.824 + 1353.256 + 1399.532) / 5 = ฿1354.738 Mil.
Total Assets at the begining of this year (Mar25) was ฿1,336 Mil.
Long-Term Debt & Capital Lease Obligation was ฿183 Mil.
Total Current Assets was ฿401 Mil.
Total Current Liabilities was ฿303 Mil.
Net Income was 15.629 + 10.162 + 6.16 + 16.058 = ฿48 Mil.

Revenue was 240.639 + 245.452 + 240.947 + 245.663 = ฿973 Mil.
Gross Profit was 83.235 + 77.358 + 73.381 + 87.696 = ฿322 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1091.66 + 1108.387 + 1325.544 + 1326.884 + 1335.794) / 5 = ฿1237.6538 Mil.
Total Assets at the begining of last year (Mar24) was ฿1,092 Mil.
Long-Term Debt & Capital Lease Obligation was ฿183 Mil.
Total Current Assets was ฿359 Mil.
Total Current Liabilities was ฿302 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.

Dental PCL's current Net Income (TTM) was 92. ==> 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.

Dental PCL's current Cash Flow from Operations (TTM) was 171. ==> 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)
=92.169/1335.794
=0.06899941

ROA (Last Year)=Net Income/Total Assets (Mar24)
=48.009/1091.66
=0.04397798

Dental PCL's return on assets of this year was 0.06899941. Dental PCL's return on assets of last year was 0.04397798. ==> 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.

Dental PCL's current Net Income (TTM) was 92. Dental PCL's current Cash Flow from Operations (TTM) was 171. ==> 171 > 92 ==> 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
=182.521/1354.738
=0.1347279

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=182.573/1237.6538
=0.1475154

Dental PCL's gearing of this year was 0.1347279. Dental PCL's gearing of last year was 0.1475154. ==> 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
=401.457/302.637
=1.3265298

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=358.696/302.152
=1.1871376

Dental PCL's current ratio of this year was 1.3265298. Dental PCL's current ratio of last year was 1.1871376. ==> 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.

Dental PCL's number of shares in issue this year was 342.196. Dental PCL's number of shares in issue last year was 342.196. ==> 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
=399.955/1089.852
=0.36698102

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=321.67/972.701
=0.33069772

Dental PCL's gross margin of this year was 0.36698102. Dental PCL's gross margin of last year was 0.33069772. ==> 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)
=1089.852/1335.794
=0.81588329

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=972.701/1091.66
=0.89102926

Dental PCL's asset turnover of this year was 0.81588329. Dental PCL's asset turnover of last year was 0.89102926. ==> 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

Dental 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?
Dental PCL (BKK:D) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Dental PCL and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, Dental PCL's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Dental PCL ranks #17 out of 652 companies in the Healthcare Providers & Services industry, placing it in the top 2.6%.
Is Dental PCL's Piotroski F-Score too high?
Dental PCL's current Piotroski F-Score of 8 is 33% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Healthcare Providers & Services industry median Piotroski F-Score is 5.00. Dental PCL's value of 8 is 60% above this industry median. Based on the distribution chart, Dental PCL ranks #17 out of 652 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Dental PCL has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dental PCL's Piotroski F-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Dental PCL ranks #17 out of 652 companies for Piotroski F-Score. This places Dental PCL in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Dental PCL's value of 8 is 60% above this benchmark. Historically, Dental PCL's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Dental 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 Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 652 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. Dental 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 Dental PCL 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. Dental PCL's current Piotroski F-Score is 8, which is 33% above 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 Dental PCL stock overvalued right now?
Based on GuruFocus' analysis, Dental PCL (BKK:D) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿3.69, compared to a current price of ฿2.92 — trading 20.9% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Healthcare Providers & Services industry median of 5.00. Dental PCL's overall GF Score™ is 89/100 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 Dental PCL (BKK:D), the current Piotroski F-Score is 8 as of Jun. 26, 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 Dental PCL (BKK:D) Overvalued in 2026?

Based on GuruFocus' analysis, Dental PCL stock appears to be undervalued. The current stock price of ฿2.92 is trading 20.9% below its estimated GF Value™ of ฿3.69. GuruFocus considers Dental PCL to be Modestly Undervalued.

Key valuation signals for BKK:D:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: ฿3.69 vs. price of ฿2.92 (20.9% below fair value)
  • GF Score™: 89/100 with 6 warning signs
  • Industry Position: 60% above the Healthcare Providers & Services median (#17 of 652)

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


Dental PCL Business Description

Address Soi Nathong, 512, 5th Floor, Din Daeng Subdistrict, Din Daeng District, Bangkok, THA, 10400
Dental Corp PCL provides dental service, dental laboratory service, and distributes dental supplies and equipment. The group's operations involve two reportable business segments: Dental service and Distribution of dental supplies and equipment. The majority of its revenue is derived from the Dental service segment, which offers various dental treatments and services such as dental diagnosis, root canal treatments, cosmetic surgery, treatment of gum diseases, orthodontic dentistry services, etc. The group is managed and operates principally in Thailand.
89GF Score

Get the complete analysis for BKK:D

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

฿2.92
Price
฿3.69
GF Value