JD Food PCL (BKK:JDF) Piotroski F-Score: 8 (As of Jun. 26, 2026) — Near Median


BKK:JDF JD Food PCL BKK:JDF
66 GF Score
Price ฿1.93
GF Value ฿2.56
Valuation Modestly Undervalued
! 3 Warning Signs
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What is JD Food PCL Piotroski F-Score?

JD Food PCL BKK:JDF -0.52% 66 Piotroski F-Score is 8 as of Jun. 26, 2026, which is at its 10-year median of 8.00. GuruFocus rates BKK:JDF with a GF Score™ of 66/100 and a GF Value™ of ฿2.56 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, JD Food PCL ranks better than 97.7% 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

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

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

During the past 5 years, the highest Piotroski F-Score of JD Food PCL was 9. The lowest was 6. And the median was 8.

JD Food PCL  (BKK:JDF) 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.


JD Food PCL Piotroski F-Score Related Terms


JD Food PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for JD Food 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.

JD Food PCL Piotroski F-Score Chart

JD Food PCL Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 9.00 9.00 8.00

JD Food 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 8.00 8.00 8.00 8.00 8.00

BKK:JDF vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, JD Food 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.


JD Food PCL Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, JD Food PCL's Piotroski F-Score distribution charts can be found below:

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


BKK:JDF
66GF Score
JD Food PCL BKK:JDF
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 8.276 + 34.959 + 26.255 + 35.195 = ฿104.7 Mil.
Cash Flow from Operations was 28.583 + 26.348 + 53.415 + 51.146 = ฿159.5 Mil.
Revenue was 173.187 + 185.573 + 202.997 + 220.525 = ฿782.3 Mil.
Gross Profit was 48.057 + 64.316 + 71.339 + 82.028 = ฿265.7 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(881.617 + 854.696 + 884.229 + 925.078 + 952.796) / 5 = ฿899.6832 Mil.
Total Assets at the begining of this year (Mar25) was ฿881.6 Mil.
Long-Term Debt & Capital Lease Obligation was ฿1.4 Mil.
Total Current Assets was ฿414.1 Mil.
Total Current Liabilities was ฿196.7 Mil.
Net Income was 9.866 + 24.856 + 31.033 + 17.069 = ฿82.8 Mil.

Revenue was 152.249 + 178.644 + 178.416 + 171.692 = ฿681.0 Mil.
Gross Profit was 41.803 + 57.276 + 64.325 + 54.673 = ฿218.1 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(823.346 + 814.02 + 838.55 + 860.643 + 881.617) / 5 = ฿843.6352 Mil.
Total Assets at the begining of last year (Mar24) was ฿823.3 Mil.
Long-Term Debt & Capital Lease Obligation was ฿2.2 Mil.
Total Current Assets was ฿301.6 Mil.
Total Current Liabilities was ฿74.9 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.

JD Food PCL's current Net Income (TTM) was 104.7. ==> 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.

JD Food PCL's current Cash Flow from Operations (TTM) was 159.5. ==> 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)
=104.685/881.617
=0.11874204

ROA (Last Year)=Net Income/Total Assets (Mar24)
=82.824/823.346
=0.1005944

JD Food PCL's return on assets of this year was 0.11874204. JD Food PCL's return on assets of last year was 0.1005944. ==> 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.

JD Food PCL's current Net Income (TTM) was 104.7. JD Food PCL's current Cash Flow from Operations (TTM) was 159.5. ==> 159.5 > 104.7 ==> 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
=1.448/899.6832
=0.00160946

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=2.181/843.6352
=0.00258524

JD Food PCL's gearing of this year was 0.00160946. JD Food PCL's gearing of last year was 0.00258524. ==> 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
=414.085/196.678
=2.10539562

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=301.622/74.923
=4.02575978

JD Food PCL's current ratio of this year was 2.10539562. JD Food PCL's current ratio of last year was 4.02575978. ==> Last year's current ratio is higher ==> Score 0.

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.

JD Food PCL's number of shares in issue this year was 600. JD Food PCL's number of shares in issue last year was 600. ==> 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
=265.74/782.282
=0.33969847

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=218.077/681.001
=0.32023007

JD Food PCL's gross margin of this year was 0.33969847. JD Food PCL's gross margin of last year was 0.32023007. ==> 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)
=782.282/881.617
=0.88732636

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=681.001/823.346
=0.827114

JD Food PCL's asset turnover of this year was 0.88732636. JD Food PCL's asset turnover of last year was 0.827114. ==> 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+1+1+0+1+1+1
=8

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

JD Food 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?
JD Food PCL (BKK:JDF) 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 JD Food PCL and its competitors. This is near median its historical median of 8.00. Over the past decade, JD Food PCL's Piotroski F-Score has ranged from 6.00 to 9.00. According to the industry distribution chart, JD Food PCL ranks #44 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 2.3%.
Is JD Food PCL's Piotroski F-Score too high?
JD Food PCL's current Piotroski F-Score of 8 is near median its 10-year median of 8.00. Over the past 10 years, this metric has ranged from a low of 6.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. JD Food PCL's value of 8 is 60% above this industry median. Based on the distribution chart, JD Food PCL ranks #44 out of 1911 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, JD Food PCL has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JD Food PCL's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, JD Food PCL ranks #44 out of 1911 companies for Piotroski F-Score. This places JD Food PCL in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. JD Food PCL's value of 8 is 60% above this benchmark. Historically, JD Food PCL's own Piotroski F-Score has ranged from 6.00 to 9.00 over the past decade. While the company's 10-year median is 8.00 vs. the industry median of 5.00, JD Food 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. JD Food 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 JD Food PCL and its competitors. For the Consumer Packaged Goods 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. JD Food PCL's current Piotroski F-Score is 8, which is near median its own 10-year median of 8.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JD Food PCL stock overvalued right now?
Based on GuruFocus' analysis, JD Food PCL (BKK:JDF) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.56, compared to a current price of ฿1.93 — trading 24.6% below its estimated fair value. The current Piotroski F-Score is 8, which is near median its 10-year median of 8.00 and 60% above the Consumer Packaged Goods industry median of 5.00. JD Food PCL's overall GF Score™ is 66/100 with 3 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 JD Food PCL (BKK:JDF), 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 JD Food PCL (BKK:JDF) Overvalued in 2026?

Based on GuruFocus' analysis, JD Food PCL stock appears to be undervalued. The current stock price of ฿1.93 is trading 24.6% below its estimated GF Value™ of ฿2.56. GuruFocus considers JD Food PCL to be Modestly Undervalued.

Key valuation signals for BKK:JDF:

  • Piotroski F-Score: 8 (near median its 10-year median of 8.00)
  • GF Value™: ฿2.56 vs. price of ฿1.93 (24.6% below fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 60% above the Consumer Packaged Goods median (#44 of 1911)

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


JD Food PCL Business Description

Address 116, 116/1, 116/2 Moo 3, Tambon Bangtorat, Amphur Muang, Samut Sakhon, THA, 74000
JD Food PCL is engaged in the business of producing products of food condiments, sauces and fillings, snacks, and dry food as a complete line according to the needs of customers in the food and restaurant industry. The company has one reportable operating segment in manufacture and distribution of seasoning and dehydrated foods in Thailand.
66GF Score

Get the complete analysis for BKK:JDF

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

฿1.93
Price
฿2.56
GF Value