It City PCL (BKK:IT) Piotroski F-Score: 8 (As of Jun. 26, 2026) — 14% Above Median


BKK:IT It City PCL BKK:IT
69 GF Score
Price ฿5.75
GF Value ฿4.40
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is It City PCL Piotroski F-Score?

It City PCL BKK:IT +0.88% 69 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates BKK:IT with a GF Score™ of 69/100 and a GF Value™ of ฿4.40 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,426 Hardware companies, It City PCL ranks better than 98.64% 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

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

BKK:IT' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 7   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of It City PCL was 9. The lowest was 3. And the median was 7.

It City PCL  (BKK:IT) 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.


It City PCL Piotroski F-Score Related Terms


It City PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for It City 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.

It City PCL Piotroski F-Score Chart

It City 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 8.00 5.00 9.00 9.00 9.00

It City 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 9.00 8.00 9.00 9.00 8.00

BKK:IT vs SNX, ARW, AVT: Piotroski F-Score Comparison

For the Electronics & Computer Distribution subindustry, It City 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.


It City PCL Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, It City PCL's Piotroski F-Score distribution charts can be found below:

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


BKK:IT
69GF Score
It City PCL BKK:IT
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 49.089 + 39.494 + 55.019 + 91.733 = ฿235 Mil.
Cash Flow from Operations was 27.388 + 14.976 + 110.024 + 11.409 = ฿164 Mil.
Revenue was 2333.583 + 2484.509 + 2712.658 + 2853.233 = ฿10,384 Mil.
Gross Profit was 426.959 + 430.857 + 469.606 + 525.37 = ฿1,853 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3924.059 + 3839.269 + 4042.318 + 3925.347 + 4789.583) / 5 = ฿4104.1152 Mil.
Total Assets at the begining of this year (Mar25) was ฿3,924 Mil.
Long-Term Debt & Capital Lease Obligation was ฿280 Mil.
Total Current Assets was ฿3,095 Mil.
Total Current Liabilities was ฿3,015 Mil.
Net Income was 38.306 + 33.849 + 41.858 + 28.87 = ฿143 Mil.

Revenue was 2158.425 + 2247.921 + 2260.098 + 2306.881 = ฿8,973 Mil.
Gross Profit was 381.79 + 383.001 + 394.495 + 398.483 = ฿1,558 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3940.971 + 3814.862 + 3634.248 + 3680.174 + 3924.059) / 5 = ฿3798.8628 Mil.
Total Assets at the begining of last year (Mar24) was ฿3,941 Mil.
Long-Term Debt & Capital Lease Obligation was ฿328 Mil.
Total Current Assets was ฿2,190 Mil.
Total Current Liabilities was ฿2,243 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.

It City PCL's current Net Income (TTM) was 235. ==> 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.

It City PCL's current Cash Flow from Operations (TTM) was 164. ==> 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)
=235.335/3924.059
=0.05997234

ROA (Last Year)=Net Income/Total Assets (Mar24)
=142.883/3940.971
=0.03625579

It City PCL's return on assets of this year was 0.05997234. It City PCL's return on assets of last year was 0.03625579. ==> 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.

It City PCL's current Net Income (TTM) was 235. It City PCL's current Cash Flow from Operations (TTM) was 164. ==> 164 <= 235 ==> CFROA <= ROA ==> Score 0.

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
=279.748/4104.1152
=0.0681628

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=327.664/3798.8628
=0.08625318

It City PCL's gearing of this year was 0.0681628. It City PCL's gearing of last year was 0.08625318. ==> 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
=3094.916/3015.309
=1.02640094

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2189.881/2242.698
=0.97644935

It City PCL's current ratio of this year was 1.02640094. It City PCL's current ratio of last year was 0.97644935. ==> 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.

It City PCL's number of shares in issue this year was 366.399. It City PCL's number of shares in issue last year was 366.399. ==> 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
=1852.792/10383.983
=0.17842787

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1557.769/8973.325
=0.17359998

It City PCL's gross margin of this year was 0.17842787. It City PCL's gross margin of last year was 0.17359998. ==> 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)
=10383.983/3924.059
=2.64623519

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=8973.325/3940.971
=2.27693251

It City PCL's asset turnover of this year was 2.64623519. It City PCL's asset turnover of last year was 2.27693251. ==> This year's asset turnover is higher. ==> Score 1.

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+0+1+1+1+1+1
=8

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

It City 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?
It City PCL (BKK:IT) 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 It City PCL and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, It City PCL's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, It City PCL ranks #33 out of 2426 companies in the Hardware industry, placing it in the top 1.4%.
Is It City PCL's Piotroski F-Score too high?
It City PCL's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Hardware industry median Piotroski F-Score is 5.00. It City PCL's value of 8 is 60% above this industry median. Based on the distribution chart, It City PCL ranks #33 out of 2426 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, It City PCL has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does It City PCL's Piotroski F-Score compare to SNX and ARW?
According to the Hardware industry distribution chart, It City PCL ranks #33 out of 2426 companies for Piotroski F-Score. This places It City PCL in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. It City PCL's value of 8 is 60% above this benchmark. Historically, It City PCL's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, It City 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,426 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. It City 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 It City PCL and its competitors. For the Hardware 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. It City PCL's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is It City PCL stock overvalued right now?
Based on GuruFocus' analysis, It City PCL (BKK:IT) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿4.40, compared to a current price of ฿5.75 — trading 30.7% above its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 60% above the Hardware industry median of 5.00. It City PCL's overall GF Score™ is 69/100 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 It City PCL (BKK:IT), 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 It City PCL (BKK:IT) Overvalued in 2026?

Based on GuruFocus' analysis, It City PCL stock appears to be overvalued. The current stock price of ฿5.75 is trading 30.7% above its estimated GF Value™ of ฿4.40. GuruFocus considers It City PCL to be Significantly Overvalued.

Key valuation signals for BKK:IT:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: ฿4.40 vs. price of ฿5.75 (30.7% above fair value)
  • GF Score™: 69/100 with 6 warning signs
  • Industry Position: 60% above the Hardware median (#33 of 2426)

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


It City PCL Business Description

Address Ratchaprarop Road, B2, 5th Floor, No.555 The Palladium World Shopping Mall, Makkasan, Ratchathewi, Bangkok, THA, 10400
It City PCL is engaged in the distribution of computers, mobile phones, and related accessories in Thailand. The company provides various products such as desktop computers, notebook computers, liquid crystal display (LCD) monitors, printers, audio systems, projectors, smartphones, and others. It derives revenue through the sale of these products. The company operates in the distribution of computers, mobile phones, and related accessories. Its operations are carried out in a single geographic area in Thailand.
69GF Score

Get the complete analysis for BKK:IT

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

฿5.75
Price
฿4.40
GF Value