Lee Feed Mill PCL (BKK:LEE) Piotroski F-Score: 7 (As of Jun. 27, 2026) — 17% Above Median


BKK:LEE Lee Feed Mill PCL BKK:LEE
65 GF Score
Price ฿2.46
GF Value ฿2.38
Valuation Fairly Valued
! 2 Warning Signs
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What is Lee Feed Mill PCL Piotroski F-Score?

Lee Feed Mill PCL BKK:LEE -0.81% 65 Piotroski F-Score is 7 as of Jun. 27, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates BKK:LEE with a GF Score™ of 65/100 and a GF Value™ of ฿2.38 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Lee Feed Mill PCL ranks better than 88.59% 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

Lee Feed Mill 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 Lee Feed Mill PCL's Piotroski F-Score or its related term are showing as below:

BKK:LEE' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Lee Feed Mill PCL was 9. The lowest was 4. And the median was 6.

Lee Feed Mill PCL  (BKK:LEE) 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.


Lee Feed Mill PCL Piotroski F-Score Related Terms


Lee Feed Mill PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Lee Feed Mill 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.

Lee Feed Mill PCL Piotroski F-Score Chart

Lee Feed Mill 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 4.00 6.00 7.00 7.00 8.00

Lee Feed Mill 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 9.00 8.00 7.00

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

For the Packaged Foods subindustry, Lee Feed Mill 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.


Lee Feed Mill PCL Piotroski F-Score vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Lee Feed Mill PCL's Piotroski F-Score falls into.


BKK:LEE
65GF Score
Lee Feed Mill PCL BKK:LEE
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 76.47 + 87.786 + 43.787 + 41.418 = ฿249 Mil.
Cash Flow from Operations was 198.291 + 45.239 + -4.338 + 65.237 = ฿304 Mil.
Revenue was 713.859 + 777.691 + 676.663 + 662.685 = ฿2,831 Mil.
Gross Profit was 127.535 + 133.267 + 98.638 + 88.266 = ฿448 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3170.974 + 3181.024 + 3221.244 + 3262.986 + 3347.831) / 5 = ฿3236.8118 Mil.
Total Assets at the begining of this year (Mar25) was ฿3,171 Mil.
Long-Term Debt & Capital Lease Obligation was ฿24 Mil.
Total Current Assets was ฿2,305 Mil.
Total Current Liabilities was ฿222 Mil.
Net Income was 21.114 + 58.314 + 45.352 + 54.431 = ฿179 Mil.

Revenue was 661.012 + 687.108 + 795.794 + 760.71 = ฿2,905 Mil.
Gross Profit was 55.704 + 71.485 + 99.068 + 97.175 = ฿323 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3182.407 + 3037.761 + 3114.434 + 3103.696 + 3170.974) / 5 = ฿3121.8544 Mil.
Total Assets at the begining of last year (Mar24) was ฿3,182 Mil.
Long-Term Debt & Capital Lease Obligation was ฿29 Mil.
Total Current Assets was ฿2,075 Mil.
Total Current Liabilities was ฿164 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.

Lee Feed Mill PCL's current Net Income (TTM) was 249. ==> 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.

Lee Feed Mill PCL's current Cash Flow from Operations (TTM) was 304. ==> 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)
=249.461/3170.974
=0.07867015

ROA (Last Year)=Net Income/Total Assets (Mar24)
=179.211/3182.407
=0.05631304

Lee Feed Mill PCL's return on assets of this year was 0.07867015. Lee Feed Mill PCL's return on assets of last year was 0.05631304. ==> 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.

Lee Feed Mill PCL's current Net Income (TTM) was 249. Lee Feed Mill PCL's current Cash Flow from Operations (TTM) was 304. ==> 304 > 249 ==> 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
=23.695/3236.8118
=0.00732048

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=28.763/3121.8544
=0.00921343

Lee Feed Mill PCL's gearing of this year was 0.00732048. Lee Feed Mill PCL's gearing of last year was 0.00921343. ==> 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
=2304.568/221.609
=10.39925274

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2075.159/163.943
=12.6578079

Lee Feed Mill PCL's current ratio of this year was 10.39925274. Lee Feed Mill PCL's current ratio of last year was 12.6578079. ==> 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.

Lee Feed Mill PCL's number of shares in issue this year was 890.98. Lee Feed Mill PCL's number of shares in issue last year was 899.88. ==> 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
=447.706/2830.898
=0.15814982

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=323.432/2904.624
=0.11135073

Lee Feed Mill PCL's gross margin of this year was 0.15814982. Lee Feed Mill PCL's gross margin of last year was 0.11135073. ==> 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)
=2830.898/3170.974
=0.89275346

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2904.624/3182.407
=0.91271292

Lee Feed Mill PCL's asset turnover of this year was 0.89275346. Lee Feed Mill PCL's asset turnover of last year was 0.91271292. ==> 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
=1+1+1+1+1+0+1+1+0
=7

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

Lee Feed Mill PCL has an F-score of 7. 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 7 mean?
Lee Feed Mill PCL (BKK:LEE) has a Piotroski F-Score of 7 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lee Feed Mill PCL and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Lee Feed Mill PCL's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Lee Feed Mill PCL ranks #218 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 11.4%.
Is Lee Feed Mill PCL's Piotroski F-Score too high?
Lee Feed Mill 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 4.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Lee Feed Mill PCL's value of 7 is 40% above this industry median. Based on the distribution chart, Lee Feed Mill PCL ranks #218 out of 1911 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Lee Feed Mill PCL has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lee Feed Mill PCL's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Lee Feed Mill PCL ranks #218 out of 1911 companies for Piotroski F-Score. This places Lee Feed Mill PCL in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Lee Feed Mill PCL's value of 7 is 40% above this benchmark. Historically, Lee Feed Mill PCL's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Lee Feed Mill 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. Lee Feed Mill 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 Lee Feed Mill 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. Lee Feed Mill 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 Lee Feed Mill PCL stock overvalued right now?
Based on GuruFocus' analysis, Lee Feed Mill PCL (BKK:LEE) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.38, compared to a current price of ฿2.46 — trading 3.4% above 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 Consumer Packaged Goods industry median of 5.00. Lee Feed Mill PCL's overall GF Score™ is 65/100 with 2 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 Lee Feed Mill PCL (BKK:LEE), the current Piotroski F-Score is 7 as of Jun. 27, 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 Lee Feed Mill PCL (BKK:LEE) Overvalued in 2026?

Based on GuruFocus' analysis, Lee Feed Mill PCL stock appears to be overvalued. The current stock price of ฿2.46 is trading 3.4% above its estimated GF Value™ of ฿2.38. GuruFocus considers Lee Feed Mill PCL to be Fairly Valued.

Key valuation signals for BKK:LEE:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: ฿2.38 vs. price of ฿2.46 (3.4% above fair value)
  • GF Score™: 65/100 with 2 warning signs
  • Industry Position: 40% above the Consumer Packaged Goods median (#218 of 1911)

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


Lee Feed Mill PCL Business Description

Address 33/137 Surawong Road, 28th Floor, Wall Street Tower, Bangrak, Bangkok, THA, 10500
Lee Feed Mill PCL engages in the production, and distribution of animal feed for both livestock, and aquaculture in concentrated pellet and powder forms, as well as feed for swine, chickens, ducks, cattle, fish, and shrimp, under the brand names of Lee, Win, Max, and Pro-Grade. The company operates through the following segments: Manufacture and Distribution of Animal Feed, Crop Drying, Experimental Farming, and Crop Farming. It offers pet food, land-animal feed, and aquatic animal feed. The company is also involved in breeding broiler chicks; silo grain storage as well as rental farming businesses. Its operations are majorly carried out in Thailand and also in the State of Cambodia.
65GF Score

Get the complete analysis for BKK:LEE

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

฿2.46
Price
฿2.38
GF Value