Everland PCL (BKK:EVER) Piotroski F-Score: 5 (As of Jul. 22, 2026) — 25% Above Median

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What is Everland PCL Piotroski F-Score?

Everland PCL BKK:EVER -12.50% Piotroski F-Score is 5 as of Jul. 22, 2026, which is 25% above its 10-year median of 4.00. The stock has 3 warning signs investors should review. Among 1,754 Real Estate companies, Everland PCL ranks better than 60.83% 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

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

BKK:EVER' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Everland PCL was 8. The lowest was 1. And the median was 4.

Everland PCL  (BKK:EVER) 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.


Everland PCL Piotroski F-Score Related Terms


Everland PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Everland 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.

Everland PCL Piotroski F-Score Chart

Everland 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 3.00 6.00 5.00 5.00

Everland 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 5.00 5.00 4.00 5.00 5.00

Everland PCL Piotroski F-Score Competitor Comparison

For the Real Estate - Development subindustry, Everland 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.


Everland PCL Piotroski F-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Everland PCL's Piotroski F-Score distribution charts can be found below:

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


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 -91.088 + 102.548 + -69.43 + -101.215 = ฿-159 Mil.
Cash Flow from Operations was 108.328 + 3.669 + 146.624 + 114.042 = ฿373 Mil.
Revenue was 375.927 + 356.762 + 297.519 + 277.843 = ฿1,308 Mil.
Gross Profit was 60.562 + 52.923 + 58.051 + 47.201 = ฿219 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(5969.429 + 5681.65 + 5678.71 + 5519.783 + 5395.655) / 5 = ฿5649.0454 Mil.
Total Assets at the begining of this year (Mar25) was ฿5,969 Mil.
Long-Term Debt & Capital Lease Obligation was ฿1,092 Mil.
Total Current Assets was ฿4,532 Mil.
Total Current Liabilities was ฿2,600 Mil.
Net Income was -76.813 + -53.538 + -143.166 + -104.552 = ฿-378 Mil.

Revenue was 343.444 + 362.458 + 718.545 + 271.549 = ฿1,696 Mil.
Gross Profit was 68.572 + 85.037 + 115.516 + 34.033 = ฿303 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(6538.101 + 6335.493 + 6103.127 + 6076.083 + 5969.429) / 5 = ฿6204.4466 Mil.
Total Assets at the begining of last year (Mar24) was ฿6,538 Mil.
Long-Term Debt & Capital Lease Obligation was ฿685 Mil.
Total Current Assets was ฿5,023 Mil.
Total Current Liabilities was ฿3,413 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.

Everland PCL's current Net Income (TTM) was -159. ==> 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.

Everland PCL's current Cash Flow from Operations (TTM) was 373. ==> 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)
=-159.185/5969.429
=-0.0266667

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-378.069/6538.101
=-0.05782551

Everland PCL's return on assets of this year was -0.0266667. Everland PCL's return on assets of last year was -0.05782551. ==> 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.

Everland PCL's current Net Income (TTM) was -159. Everland PCL's current Cash Flow from Operations (TTM) was 373. ==> 373 > -159 ==> 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
=1091.625/5649.0454
=0.19324061

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=685.267/6204.4466
=0.11044772

Everland PCL's gearing of this year was 0.19324061. Everland PCL's gearing of last year was 0.11044772. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=4531.84/2599.984
=1.74302611

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=5023.012/3413.089
=1.47169089

Everland PCL's current ratio of this year was 1.74302611. Everland PCL's current ratio of last year was 1.47169089. ==> 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.

Everland PCL's number of shares in issue this year was 4854.787. Everland PCL's number of shares in issue last year was 4854.787. ==> 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
=218.737/1308.051
=0.1672236

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=303.158/1695.996
=0.17874924

Everland PCL's gross margin of this year was 0.1672236. Everland PCL's gross margin of last year was 0.17874924. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=1308.051/5969.429
=0.21912498

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1695.996/6538.101
=0.25940193

Everland PCL's asset turnover of this year was 0.21912498. Everland PCL's asset turnover of last year was 0.25940193. ==> 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
=0+1+1+1+0+1+1+0+0
=5

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Everland PCL has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 5 mean?
Everland PCL (BKK:EVER) has a Piotroski F-Score of 5 as of Jul. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Everland PCL and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Everland PCL's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Everland PCL ranks #687 out of 1754 companies in the Real Estate industry, placing it in the top 39.2%.
Is Everland PCL's Piotroski F-Score too high?
Everland 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 1.00 to a high of 8.00. The Real Estate industry median Piotroski F-Score is 5.00. Everland PCL's value of 5 is 0% at this industry median. Based on the distribution chart, Everland PCL ranks #687 out of 1754 companies in the Real Estate industry, which is above the industry midpoint.
How does Everland PCL's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Everland PCL ranks #687 out of 1754 companies for Piotroski F-Score. This puts Everland PCL in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Everland PCL's value of 5 is 0% at this benchmark. Historically, Everland PCL's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Everland 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,754 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. Everland 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 Everland PCL and its competitors. For the Real Estate 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. Everland 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 Everland PCL stock overvalued right now?
Based on GuruFocus' analysis, Everland PCL (BKK:EVER) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.08, compared to a current price of ฿0.07 — trading 12.5% 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 Real Estate 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 Everland PCL (BKK:EVER), the current Piotroski F-Score is 5 as of Jul. 22, 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.

Everland PCL Business Description

Address Sanphawut Road, 223/96 Country Complex Tower A, 21st Floor, Kwang Bangna, Khet Bangna, Bangkok, THA, 10260
Everland PCL operates a real estate development business. The company's activities are engaged in property and land development with many projects available in locations both inside and outside Bangkok. The company has aggregated its operations into two reportable segments, the Property Development segment and Hospital and dental clinic segment. The company operates in Thailand and derives a majority of revenue from the Property Development segment.