LDC Dental PCL (BKK:LDC) Piotroski F-Score: 3 (As of Jul. 07, 2026) — 50% Below Median


BKK:LDC LDC Dental PCL BKK:LDC
27 GF Score
Price ฿0.25
GF Value ฿0.39
Valuation Possible Value Trap
! 4 Warning Signs
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What is LDC Dental PCL Piotroski F-Score?

LDC Dental PCL BKK:LDC 27 Piotroski F-Score is 3 as of Jul. 07, 2026, which is 50% below its 10-year median of 6.00. GuruFocus rates BKK:LDC with a GF Score™ of 27/100 and a GF Value™ of ฿0.39 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 649 Healthcare Providers & Services companies, LDC Dental PCL ranks worse than 83.98% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

LDC Dental PCL has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for LDC Dental PCL's Piotroski F-Score or its related term are showing as below:

BKK:LDC' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 3

During the past 13 years, the highest Piotroski F-Score of LDC Dental PCL was 9. The lowest was 2. And the median was 6.

LDC Dental PCL  (BKK:LDC) 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.


LDC Dental PCL Piotroski F-Score Related Terms


LDC Dental PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for LDC Dental 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.

LDC Dental PCL Piotroski F-Score Chart

LDC Dental 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 7.00 9.00 4.00 6.00 4.00

LDC Dental 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 7.00 4.00 3.00 4.00 3.00

BKK:LDC vs HCA, THC, DVA: Piotroski F-Score Comparison

For the Medical Care Facilities subindustry, LDC Dental 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.


LDC Dental PCL Piotroski F-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, LDC Dental PCL's Piotroski F-Score distribution charts can be found below:

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


BKK:LDC
27GF Score
LDC Dental PCL BKK:LDC
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 -4.04 + -4.571 + -8.166 + -4.488 = ฿-21.3 Mil.
Cash Flow from Operations was 6.195 + 5.436 + 0.83 + 7.731 = ฿20.2 Mil.
Revenue was 78.352 + 78.577 + 76.3 + 77.675 = ฿310.9 Mil.
Gross Profit was 12.629 + 11.197 + 10.015 + 10.283 = ฿44.1 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(519.639 + 502.619 + 511.659 + 490.566 + 489.936) / 5 = ฿502.8838 Mil.
Total Assets at the begining of this year (Mar25) was ฿519.6 Mil.
Long-Term Debt & Capital Lease Obligation was ฿199.2 Mil.
Total Current Assets was ฿85.1 Mil.
Total Current Liabilities was ฿55.5 Mil.
Net Income was 2.943 + -1.341 + 1.043 + -1.15 = ฿1.5 Mil.

Revenue was 90.916 + 89.405 + 82.162 + 82.085 = ฿344.6 Mil.
Gross Profit was 17.615 + 16.243 + 15.488 + 16.745 = ฿66.1 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(542.105 + 526.799 + 517.546 + 528.228 + 519.639) / 5 = ฿526.8634 Mil.
Total Assets at the begining of last year (Mar24) was ฿542.1 Mil.
Long-Term Debt & Capital Lease Obligation was ฿207.5 Mil.
Total Current Assets was ฿104.1 Mil.
Total Current Liabilities was ฿51.8 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.

LDC Dental PCL's current Net Income (TTM) was -21.3. ==> 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.

LDC Dental PCL's current Cash Flow from Operations (TTM) was 20.2. ==> 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)
=-21.265/519.639
=-0.04092264

ROA (Last Year)=Net Income/Total Assets (Mar24)
=1.495/542.105
=0.00275777

LDC Dental PCL's return on assets of this year was -0.04092264. LDC Dental PCL's return on assets of last year was 0.00275777. ==> Last year is higher ==> Score 0.

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.

LDC Dental PCL's current Net Income (TTM) was -21.3. LDC Dental PCL's current Cash Flow from Operations (TTM) was 20.2. ==> 20.2 > -21.3 ==> 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
=199.199/502.8838
=0.39611338

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=207.519/526.8634
=0.39387629

LDC Dental PCL's gearing of this year was 0.39611338. LDC Dental PCL's gearing of last year was 0.39387629. ==> 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
=85.082/55.529
=1.5322084

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=104.137/51.804
=2.01021157

LDC Dental PCL's current ratio of this year was 1.5322084. LDC Dental PCL's current ratio of last year was 2.01021157. ==> 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.

LDC Dental PCL's number of shares in issue this year was 600. LDC Dental 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
=44.124/310.904
=0.14192162

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=66.091/344.568
=0.19180829

LDC Dental PCL's gross margin of this year was 0.14192162. LDC Dental PCL's gross margin of last year was 0.19180829. ==> 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)
=310.904/519.639
=0.59830767

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=344.568/542.105
=0.63561118

LDC Dental PCL's asset turnover of this year was 0.59830767. LDC Dental PCL's asset turnover of last year was 0.63561118. ==> 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+0+1+0+0+1+0+0
=3

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

LDC Dental PCL has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
LDC Dental PCL (BKK:LDC) has a Piotroski F-Score of 3 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on LDC Dental PCL and its competitors. This is 50% below median its historical median of 6.00. Over the past decade, LDC Dental PCL's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, LDC Dental PCL ranks #545 out of 649 companies in the Healthcare Providers & Services industry, placing it in the top 84%.
Is LDC Dental PCL's Piotroski F-Score too high?
LDC Dental PCL's current Piotroski F-Score of 3 is 50% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Healthcare Providers & Services industry median Piotroski F-Score is 5.00. LDC Dental PCL's value of 3 is 40% below this industry median. Based on the distribution chart, LDC Dental PCL ranks #545 out of 649 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, LDC Dental PCL has a GF Score™ of 27/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does LDC Dental PCL's Piotroski F-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, LDC Dental PCL ranks #545 out of 649 companies for Piotroski F-Score. This places LDC Dental PCL in the lower half of its industry. The industry median Piotroski F-Score is 5.00. LDC Dental PCL's value of 3 is 40% below this benchmark. Historically, LDC Dental PCL's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, LDC Dental PCL has consistently been below 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 Healthcare Providers & Services company?
The median Piotroski F-Score among Healthcare Providers & Services companies is 5.00, based on 649 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. LDC Dental PCL's current Piotroski F-Score of 3 is 40% below 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 LDC Dental PCL and its competitors. For the Healthcare Providers & Services 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. LDC Dental PCL's current Piotroski F-Score is 3, which is 50% below 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 LDC Dental PCL stock overvalued right now?
Based on GuruFocus' analysis, LDC Dental PCL (BKK:LDC) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.39, compared to a current price of ฿0.25 — trading 35.9% below its estimated fair value. The current Piotroski F-Score is 3, which is 50% below median its 10-year median of 6.00 and 40% below the Healthcare Providers & Services industry median of 5.00. LDC Dental PCL's overall GF Score™ is 27/100 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 LDC Dental PCL (BKK:LDC), the current Piotroski F-Score is 3 as of Jul. 07, 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 LDC Dental PCL (BKK:LDC) Overvalued in 2026?

Based on GuruFocus' analysis, LDC Dental PCL stock appears to be undervalued. The current stock price of ฿0.25 is trading 35.9% below its estimated GF Value™ of ฿0.39. GuruFocus considers LDC Dental PCL to be Possible Value Trap.

Key valuation signals for BKK:LDC:

  • Piotroski F-Score: 3 (50% below median its 10-year median of 6.00)
  • GF Value™: ฿0.39 vs. price of ฿0.25 (35.9% below fair value)
  • GF Score™: 27/100 with 4 warning signs
  • Industry Position: 40% below the Healthcare Providers & Services median (#545 of 649)

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


LDC Dental PCL Business Description

Address Moo 5, Srinakarin Road, 395-395/1 LDC Building, 2nd Floor, Sumrong Nua Sub-District, Muang Samutprakarn District, Samutprakarn Province, Bangkok, THA, 10270
LDC Dental PCL is a Thailand-based company that is engaged in operating dental clinics and selling products related to dentistry. The company offers X-ray radiation services, orthodontics, pedodontics, dental replacement prosthodontics, implants, oral med medicine, periodontics, root canal treatment, oral surgery, cosmetic dentistry services, fillings, and others. The majority of its revenue is derived from Dental services. Geographically, it operates only in Thailand.
27GF Score

Get the complete analysis for BKK:LDC

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

฿0.25
Price
฿0.39
GF Value