East Coast Furnitech PCLBKK:ECF-R Piotroski F-Score is 3 as of Jun. 25, 2026, which is 25% below its 10-year median of 4.00. The stock has 6 warning signs investors should review. Among 428 Furnishings, Fixtures & Appliances companies, East Coast Furnitech PCL ranks worse than 79.44% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
East Coast Furnitech PCL has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for East Coast Furnitech PCL's Piotroski F-Score or its related term are showing as below:
BKK:ECF-R'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 3
During the past 13 years, the highest Piotroski F-Score of East Coast Furnitech PCL was 7. The lowest was 2. And the median was 4.
East Coast Furnitech PCL (BKK:ECF-R) 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.
East Coast Furnitech PCL Piotroski F-Score Related Terms
East Coast Furnitech PCL Piotroski F-Score Historical Data
* 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:ECF-R vs SN, SGI, MHK: Piotroski F-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, East Coast Furnitech 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.
East Coast Furnitech PCL Piotroski F-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, East Coast Furnitech PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where East Coast Furnitech 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.
This Year (Sep25) TTM:
Last Year (Sep24) TTM:
Net Income was -116.186 + -72.256 + -288.388 + -188.515 = ฿-665.3 Mil. Cash Flow from Operations was 108.376 + 41.911 + 87.157 + -89.684 = ฿147.8 Mil. Revenue was 242.626 + 106.022 + 53.746 + 64.969 = ฿467.4 Mil. Gross Profit was -44.334 + 15.946 + -3.645 + 1.65 = ฿-30.4 Mil.
Average Total Assets from the begining of this year (Sep24)
to the end of this year (Sep25) was
(4068.93 + 3880.167 + 3772.391 + 3475.971 + 3332.931) / 5 = ฿3706.078 Mil. Total Assets at the begining of this year (Sep24) was ฿4,068.9 Mil. Long-Term Debt & Capital Lease Obligation was ฿1,036.4 Mil. Total Current Assets was ฿1,350.4 Mil. Total Current Liabilities was ฿1,703.5 Mil.
Net Income was -58.923 + -16.85 + -36.341 + -61.993 = ฿-174.1 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.
East Coast Furnitech PCL's current Net Income (TTM) was -665.3.
==> 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.
Score 1 if positive, 0 if negative.
East Coast Furnitech PCL's current Cash Flow from Operations (TTM) was 147.8.
==> 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.
East Coast Furnitech PCL's return on assets of this year was -0.16351842. East Coast Furnitech PCL's return on assets of last year was -0.04126411.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
East Coast Furnitech PCL's gearing of this year was 0.27965062. East Coast Furnitech PCL's gearing of last year was 0.04723978.
==> 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
East Coast Furnitech PCL's current ratio of this year was 0.79270704. East Coast Furnitech PCL's current ratio of last year was 0.69893564.
==> 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.
East Coast Furnitech PCL's number of shares in issue this year was 3358.576. East Coast Furnitech PCL's number of shares in issue last year was 332.45.
==> 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.
East Coast Furnitech PCL's gross margin of this year was -0.06500943. East Coast Furnitech PCL's gross margin of last year was 0.15641791.
==> Last year's gross margin is higher ==> Score 0.
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
East Coast Furnitech PCL's asset turnover of this year was 0.1148614. East Coast Furnitech PCL's asset turnover of last year was 0.34814587.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
East Coast Furnitech PCL has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
East Coast Furnitech PCL (BKK:ECF-R) has a Piotroski F-Score of 3 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on East Coast Furnitech PCL and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, East Coast Furnitech PCL's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, East Coast Furnitech PCL ranks #340 out of 428 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 79.4%.
Is East Coast Furnitech PCL's Piotroski F-Score too high?
East Coast Furnitech PCL's current Piotroski F-Score of 3 is 25% below 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 Furnishings, Fixtures & Appliances industry median Piotroski F-Score is 5.00. East Coast Furnitech PCL's value of 3 is 40% below this industry median. Based on the distribution chart, East Coast Furnitech PCL ranks #340 out of 428 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers.
How does East Coast Furnitech PCL's Piotroski F-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, East Coast Furnitech PCL ranks #340 out of 428 companies for Piotroski F-Score. This places East Coast Furnitech PCL in the lower half of its industry. The industry median Piotroski F-Score is 5.00. East Coast Furnitech PCL's value of 3 is 40% below this benchmark. Historically, East Coast Furnitech 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, East Coast Furnitech PCL has consistently been below 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 Furnishings, Fixtures & Appliances company?
The median Piotroski F-Score among Furnishings, Fixtures & Appliances companies is 5.00, based on 428 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. East Coast Furnitech PCL's current Piotroski F-Score of 3 is 40% below 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 East Coast Furnitech PCL and its competitors. For the Furnishings, Fixtures & Appliances 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. East Coast Furnitech PCL's current Piotroski F-Score is 3, which is 25% below 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 East Coast Furnitech PCL stock overvalued right now?
East Coast Furnitech PCL (BKK:ECF-R) has a current Piotroski F-Score of 3. The stock's GF Value™ is ฿0.79, compared to a current price of ฿0.06 — trading 92.4% below its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Furnishings, Fixtures & Appliances industry median of 5.00. 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 East Coast Furnitech PCL (BKK:ECF-R), the current Piotroski F-Score is 3 as of Jun. 25, 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.
East Coast Furnitech PCL is engaged in manufacturing and sales of self-assembled furniture made from particle board, rubber wood furniture, dried sawn lumbers, laminating papers, and furniture-decorating supplies for domestic and international markets.. The company operates in two business segments which include Wood furniture and particle boards( rubber wood furniture and particle board furniture) and Other segments (laminating papers, dried sawn lumbers, furniture-decorating supplies, dealer on furniture business, renewable energy business operated by associate and identity verification services of a new associate). Key revenue is generated from Wood furniture and particle boards segment.
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