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Internet Thailand PCLBKK:INET 88 Piotroski F-Score is 7 as of Jul. 30, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates BKK:INET with a GF Score™ of 88/100 and a GF Value™ of ฿5.65 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 2,735 Software companies, Internet Thailand PCL ranks better than 91.85% on this metric.
Good Sign:
Piotroski F-Score is 7, 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
Internet Thailand PCL has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Internet Thailand PCL's Piotroski F-Score or its related term are showing as below:
BKK:INET'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of Internet Thailand PCL was 8. The lowest was 3. And the median was 6.
Internet Thailand PCL (BKK:INET) 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.
Internet Thailand PCL Piotroski F-Score Related Terms
Internet Thailand PCL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Internet Thailand 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:INET vs IBM, ACN, FISV: Piotroski F-Score Comparison
For the Information Technology Services subindustry, Internet Thailand 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.
Internet Thailand PCL Piotroski F-Score vs Software Industry
For the Software industry and Technology sector, Internet Thailand PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Internet Thailand 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 (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 67.884 + 34.197 + 99.807 + 82.331 = ฿284 Mil. Cash Flow from Operations was 7610.174 + -6720.247 + 530.075 + 326.152 = ฿1,746 Mil. Revenue was 775.653 + 798.317 + 841.558 + 846.095 = ฿3,262 Mil. Gross Profit was 392.009 + 409.195 + 462.032 + 449.031 = ฿1,712 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(16501.891 + 17116.158 + 17476.263 + 19984.251 + 19644.974) / 5 = ฿18144.7074 Mil. Total Assets at the begining of this year (Mar25) was ฿16,502 Mil. Long-Term Debt & Capital Lease Obligation was ฿3,809 Mil. Total Current Assets was ฿1,247 Mil. Total Current Liabilities was ฿3,778 Mil.
Net Income was 68.703 + 82.84 + 178.198 + 39.792 = ฿370 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.
Internet Thailand PCL's current Net Income (TTM) was 284.
==> 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.
Internet Thailand PCL's current Cash Flow from Operations (TTM) was 1,746.
==> 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.
Internet Thailand PCL's return on assets of this year was 0.01722342. Internet Thailand PCL's return on assets of last year was 0.02433255.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Internet Thailand PCL's gearing of this year was 0.20989718. Internet Thailand PCL's gearing of last year was 0.22955595.
==> 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
Internet Thailand PCL's current ratio of this year was 0.33006534. Internet Thailand PCL's current ratio of last year was 0.30797375.
==> 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.
Internet Thailand PCL's number of shares in issue this year was 596.74. Internet Thailand PCL's number of shares in issue last year was 596.74.
==> 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.
Internet Thailand PCL's gross margin of this year was 0.52497392. Internet Thailand PCL's gross margin of last year was 0.54119395.
==> 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
Internet Thailand PCL's asset turnover of this year was 0.19765147. Internet Thailand PCL's asset turnover of last year was 0.17515092.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Internet Thailand PCL has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Internet Thailand PCL (BKK:INET) has a Piotroski F-Score of 7 as of Jul. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Internet Thailand PCL and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Internet Thailand PCL's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Internet Thailand PCL ranks #223 out of 2735 companies in the Software industry, placing it in the top 8.2%.
Is Internet Thailand PCL's Piotroski F-Score too high?
Internet Thailand PCL's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Software industry median Piotroski F-Score is 5.00. Internet Thailand PCL's value of 7 is 40% above this industry median. Based on the distribution chart, Internet Thailand PCL ranks #223 out of 2735 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Internet Thailand PCL has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Internet Thailand PCL's Piotroski F-Score compare to IBM and ACN?
According to the Software industry distribution chart, Internet Thailand PCL ranks #223 out of 2735 companies for Piotroski F-Score. This places Internet Thailand PCL in the top 8% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Internet Thailand PCL's value of 7 is 40% above this benchmark. Historically, Internet Thailand PCL's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Internet Thailand 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 Software company?
The median Piotroski F-Score among Software companies is 5.00, based on 2,735 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. Internet Thailand PCL's current Piotroski F-Score of 7 is 40% 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 Internet Thailand PCL and its competitors. For the Software 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. Internet Thailand PCL's current Piotroski F-Score is 7, which is 17% 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 Internet Thailand PCL stock overvalued right now?
Based on GuruFocus' analysis, Internet Thailand PCL (BKK:INET) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿5.65, compared to a current price of ฿4.10 — trading 27.4% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Software industry median of 5.00. Internet Thailand PCL's overall GF Score™ is 88/100 with 7 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 Internet Thailand PCL (BKK:INET), the current Piotroski F-Score is 7 as of Jul. 30, 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 Internet Thailand PCL (BKK:INET) Overvalued in 2026?
Based on GuruFocus' analysis, Internet Thailand PCL stock appears to be undervalued.
The current stock price of ฿4.10 is trading 27.4% below its estimated GF Value™ of ฿5.65.
GuruFocus considers Internet Thailand PCL to be Modestly Undervalued.
Key valuation signals for BKK:INET:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: ฿5.65 vs. price of ฿4.10 (27.4% below fair value)
Industry Position: 40% above the Software median (#223 of 2735)
No single metric tells the full story. See the BKK:INET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Internet Thailand PCL is involved in IT business sector. The company's business is distinguished into groups, which are full Internet access business, data center, business solutions, cloud services, EDC network pool services, and software services. The Internet access business provides full Internet services for home access and business access along with a one-stop service. Its data center provides an Internet data center, which is an information center composed of a security center, disaster recovery center, Web hosting, dedicated server, and co-location. It operates in two business segments which are the Provision of internet access services (Access business); and Integrated services in relation to information and communication technologies (Business solutions).
88GF Score
Get the complete analysis for BKK:INET
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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