Knight Club Capital Holding PCL (BKK:KCC) Piotroski F-Score: 6 (As of Jul. 11, 2026) — Near Median


BKK:KCC Knight Club Capital Holding PCL BKK:KCC
85 GF Score
Price ฿3.06
GF Value ฿7.61
Valuation Possible Value Trap
! 4 Warning Signs
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What is Knight Club Capital Holding PCL Piotroski F-Score?

Knight Club Capital Holding PCL BKK:KCC 85 Piotroski F-Score is 6 as of Jul. 11, 2026, which is at its 10-year median of 6.00. GuruFocus rates BKK:KCC with a GF Score™ of 85/100 and a GF Value™ of ฿7.61 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,600 Asset Management companies, Knight Club Capital Holding PCL ranks better than 82.37% 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

Knight Club Capital Holding PCL has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Knight Club Capital Holding PCL's Piotroski F-Score or its related term are showing as below:

BKK:KCC' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 6

During the past 6 years, the highest Piotroski F-Score of Knight Club Capital Holding PCL was 9. The lowest was 3. And the median was 6.

Knight Club Capital Holding PCL  (BKK:KCC) 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.


Knight Club Capital Holding PCL Piotroski F-Score Related Terms


Knight Club Capital Holding PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Knight Club Capital Holding 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.

Knight Club Capital Holding PCL Piotroski F-Score Chart

Knight Club Capital Holding PCL Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 3.00 6.00 6.00

Knight Club Capital Holding 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 9.00 8.00 6.00 6.00

BKK:KCC vs BLK, BX, KKR: Piotroski F-Score Comparison

For the Asset Management subindustry, Knight Club Capital Holding 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.


Knight Club Capital Holding PCL Piotroski F-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Knight Club Capital Holding PCL's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Knight Club Capital Holding PCL's Piotroski F-Score falls into.


BKK:KCC
85GF Score
Knight Club Capital Holding PCL BKK:KCC
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 98.268 + 17.963 + 114.382 + 266.3 = ฿496.9 Mil.
Cash Flow from Operations was -154.341 + 82.032 + -58.219 + 5.164 = ฿-125.4 Mil.
Revenue was 169.756 + 57.162 + 189.029 + 393.048 = ฿809.0 Mil.
Gross Profit was 162.797 + 49.937 + 176.008 + 384.611 = ฿773.4 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2285.942 + 2586.404 + 2569.39 + 2746.057 + 3056.731) / 5 = ฿2648.9048 Mil.
Total Assets at the begining of this year (Mar25) was ฿2,285.9 Mil.
Long-Term Debt & Capital Lease Obligation was ฿1,227.9 Mil.
Total Current Assets was ฿2,726.6 Mil.
Total Current Liabilities was ฿38.3 Mil.
Net Income was 22.793 + 17.177 + 25.329 + 13.836 = ฿79.1 Mil.

Revenue was 63.193 + 64.331 + 80.008 + 60.123 = ฿267.7 Mil.
Gross Profit was 56.736 + 57.802 + 71.412 + 52.94 = ฿238.9 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2311.63 + 2729.918 + 2712.9 + 2494.163 + 2285.942) / 5 = ฿2506.9106 Mil.
Total Assets at the begining of last year (Mar24) was ฿2,311.6 Mil.
Long-Term Debt & Capital Lease Obligation was ฿174.8 Mil.
Total Current Assets was ฿2,006.9 Mil.
Total Current Liabilities was ฿56.5 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.

Knight Club Capital Holding PCL's current Net Income (TTM) was 496.9. ==> 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.

Knight Club Capital Holding PCL's current Cash Flow from Operations (TTM) was -125.4. ==> Negative ==> Score 0.

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)
=496.913/2285.942
=0.21737778

ROA (Last Year)=Net Income/Total Assets (Mar24)
=79.135/2311.63
=0.03423342

Knight Club Capital Holding PCL's return on assets of this year was 0.21737778. Knight Club Capital Holding PCL's return on assets of last year was 0.03423342. ==> 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.

Knight Club Capital Holding PCL's current Net Income (TTM) was 496.9. Knight Club Capital Holding PCL's current Cash Flow from Operations (TTM) was -125.4. ==> -125.4 <= 496.9 ==> 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
=1227.929/2648.9048
=0.46356102

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=174.81/2506.9106
=0.06973125

Knight Club Capital Holding PCL's gearing of this year was 0.46356102. Knight Club Capital Holding PCL's gearing of last year was 0.06973125. ==> 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
=2726.603/38.278
=71.23159517

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2006.85/56.527
=35.50250323

Knight Club Capital Holding PCL's current ratio of this year was 71.23159517. Knight Club Capital Holding PCL's current ratio of last year was 35.50250323. ==> 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.

Knight Club Capital Holding PCL's number of shares in issue this year was 618.334. Knight Club Capital Holding PCL's number of shares in issue last year was 618.334. ==> 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
=773.353/808.995
=0.95594287

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=238.89/267.655
=0.89252956

Knight Club Capital Holding PCL's gross margin of this year was 0.95594287. Knight Club Capital Holding PCL's gross margin of last year was 0.89252956. ==> 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)
=808.995/2285.942
=0.35390006

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=267.655/2311.63
=0.11578626

Knight Club Capital Holding PCL's asset turnover of this year was 0.35390006. Knight Club Capital Holding PCL's asset turnover of last year was 0.11578626. ==> 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+0+1+0+0+1+1+1+1
=6

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

Knight Club Capital Holding PCL has an F-score of 6 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 6 mean?
Knight Club Capital Holding PCL (BKK:KCC) has a Piotroski F-Score of 6 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Knight Club Capital Holding PCL and its competitors. This is near median its historical median of 6.00. Over the past decade, Knight Club Capital Holding PCL's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Knight Club Capital Holding PCL ranks #282 out of 1600 companies in the Asset Management industry, placing it in the top 17.6%.
Is Knight Club Capital Holding PCL's Piotroski F-Score too high?
Knight Club Capital Holding PCL's current Piotroski F-Score of 6 is near 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 9.00. The Asset Management industry median Piotroski F-Score is 5.00. Knight Club Capital Holding PCL's value of 6 is 20% above this industry median. Based on the distribution chart, Knight Club Capital Holding PCL ranks #282 out of 1600 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Knight Club Capital Holding PCL has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Knight Club Capital Holding PCL's Piotroski F-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Knight Club Capital Holding PCL ranks #282 out of 1600 companies for Piotroski F-Score. This places Knight Club Capital Holding PCL in the top 18% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Knight Club Capital Holding PCL's value of 6 is 20% above this benchmark. Historically, Knight Club Capital Holding 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 6.00 vs. the industry median of 5.00, Knight Club Capital Holding 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 an Asset Management company?
The median Piotroski F-Score among Asset Management companies is 5.00, based on 1,600 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. Knight Club Capital Holding PCL's current Piotroski F-Score of 6 is 20% 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 Knight Club Capital Holding PCL and its competitors. For the Asset Management 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. Knight Club Capital Holding PCL's current Piotroski F-Score is 6, which is near 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 Knight Club Capital Holding PCL stock overvalued right now?
Based on GuruFocus' analysis, Knight Club Capital Holding PCL (BKK:KCC) is currently considered Possible Value Trap. The stock's GF Value™ is ฿7.61, compared to a current price of ฿3.06 — trading 59.8% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Asset Management industry median of 5.00. Knight Club Capital Holding PCL's overall GF Score™ is 85/100 with 4 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 Knight Club Capital Holding PCL (BKK:KCC), the current Piotroski F-Score is 6 as of Jul. 11, 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 Knight Club Capital Holding PCL (BKK:KCC) Overvalued in 2026?

Based on GuruFocus' analysis, Knight Club Capital Holding PCL stock appears to be undervalued. The current stock price of ฿3.06 is trading 59.8% below its estimated GF Value™ of ฿7.61. GuruFocus considers Knight Club Capital Holding PCL to be Possible Value Trap.

Key valuation signals for BKK:KCC:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: ฿7.61 vs. price of ฿3.06 (59.8% below fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 20% above the Asset Management median (#282 of 1600)

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


Knight Club Capital Holding PCL Business Description

Address 285/1 Pradit Manutham Road, Wang Thonglang District, Wang Thong Lang District, Bangkok, THA, 10310
Knight Club Capital Holding PCL principally operates the business of investing in other companies, and also strives to invest in asset management companies and related businesses, and/or mainly supports the asset management business. Its operations are carried out only in Thailand.
85GF Score

Get the complete analysis for BKK:KCC

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

฿3.06
Price
฿7.61
GF Value