Lease IT PCL (BKK:LIT) Piotroski F-Score: 6 (As of Jul. 14, 2026) — 50% Above Median

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BKK:LIT Lease IT PCL BKK:LIT
54 GF Score
Price ฿0.87
GF Value ฿1.61
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Lease IT PCL Piotroski F-Score?

Lease IT PCL BKK:LIT -2.25% 54 Piotroski F-Score is 6 as of Jul. 14, 2026, which is 50% above its 10-year median of 4.00. GuruFocus rates BKK:LIT with a GF Score™ of 54/100 and a GF Value™ of ฿1.61 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 532 Credit Services companies, Lease IT PCL ranks better than 81.02% 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

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

BKK:LIT' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 4   Max: 8
Current: 6

During the past 13 years, the highest Piotroski F-Score of Lease IT PCL was 8. The lowest was 3. And the median was 4.

Lease IT PCL  (BKK:LIT) 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.


Lease IT PCL Piotroski F-Score Related Terms


Lease IT PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Lease IT 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.

Lease IT PCL Piotroski F-Score Chart

Lease IT 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 4.00 4.00 5.00 6.00

Lease IT 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 4.00 5.00 8.00 6.00 6.00

BKK:LIT vs V, MA, AXP: Piotroski F-Score Comparison

For the Credit Services subindustry, Lease IT 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.


Lease IT PCL Piotroski F-Score vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Lease IT PCL's Piotroski F-Score distribution charts can be found below:

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


BKK:LIT
54GF Score
Lease IT PCL BKK:LIT
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 2.882 + 2.704 + 2.036 + 5.51 = ฿13.1 Mil.
Cash Flow from Operations was -8.757 + 154.597 + -182.756 + -58.704 = ฿-95.6 Mil.
Revenue was 40.814 + 42.218 + 45.663 + 48.866 = ฿177.6 Mil.
Gross Profit was 25.968 + 26.739 + 26.383 + 31.755 = ฿110.8 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1075.405 + 1100.298 + 941.789 + 1090.626 + 1168.827) / 5 = ฿1075.389 Mil.
Total Assets at the begining of this year (Mar25) was ฿1,075.4 Mil.
Long-Term Debt & Capital Lease Obligation was ฿448.4 Mil.
Total Current Assets was ฿742.2 Mil.
Total Current Liabilities was ฿151.8 Mil.
Net Income was -35.106 + -389.274 + 1.429 + 3.219 = ฿-419.7 Mil.

Revenue was 26.012 + 27.293 + 28.829 + 40.336 = ฿122.5 Mil.
Gross Profit was 11.748 + 14.461 + 14.429 + 25.644 = ฿66.3 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1299.302 + 1343.433 + 963.318 + 988.953 + 1075.405) / 5 = ฿1134.0822 Mil.
Total Assets at the begining of last year (Mar24) was ฿1,299.3 Mil.
Long-Term Debt & Capital Lease Obligation was ฿7.3 Mil.
Total Current Assets was ฿703.6 Mil.
Total Current Liabilities was ฿503.6 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.

Lease IT PCL's current Net Income (TTM) was 13.1. ==> 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.

Lease IT PCL's current Cash Flow from Operations (TTM) was -95.6. ==> 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)
=13.132/1075.405
=0.01221121

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-419.732/1299.302
=-0.32304422

Lease IT PCL's return on assets of this year was 0.01221121. Lease IT PCL's return on assets of last year was -0.32304422. ==> 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.

Lease IT PCL's current Net Income (TTM) was 13.1. Lease IT PCL's current Cash Flow from Operations (TTM) was -95.6. ==> -95.6 <= 13.1 ==> 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
=448.424/1075.389
=0.41698771

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=7.253/1134.0822
=0.00639548

Lease IT PCL's gearing of this year was 0.41698771. Lease IT PCL's gearing of last year was 0.00639548. ==> 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
=742.153/151.767
=4.89008151

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=703.649/503.645
=1.39711305

Lease IT PCL's current ratio of this year was 4.89008151. Lease IT PCL's current ratio of last year was 1.39711305. ==> 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.

Lease IT PCL's number of shares in issue this year was 442.931. Lease IT PCL's number of shares in issue last year was 442.931. ==> 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
=110.845/177.561
=0.62426434

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=66.282/122.47
=0.54121009

Lease IT PCL's gross margin of this year was 0.62426434. Lease IT PCL's gross margin of last year was 0.54121009. ==> 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)
=177.561/1075.405
=0.16511082

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=122.47/1299.302
=0.0942583

Lease IT PCL's asset turnover of this year was 0.16511082. Lease IT PCL's asset turnover of last year was 0.0942583. ==> 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

Lease IT 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?
Lease IT PCL (BKK:LIT) has a Piotroski F-Score of 6 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lease IT PCL and its competitors. This is 50% above median its historical median of 4.00. Over the past decade, Lease IT PCL's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Lease IT PCL ranks #101 out of 532 companies in the Credit Services industry, placing it in the top 19%.
Is Lease IT PCL's Piotroski F-Score too high?
Lease IT PCL's current Piotroski F-Score of 6 is 50% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Credit Services industry median Piotroski F-Score is 5.00. Lease IT PCL's value of 6 is 20% above this industry median. Based on the distribution chart, Lease IT PCL ranks #101 out of 532 companies in the Credit Services industry, which is in the top quartile — a strong position relative to peers. Overall, Lease IT PCL has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Lease IT PCL's Piotroski F-Score compare to V and MA?
According to the Credit Services industry distribution chart, Lease IT PCL ranks #101 out of 532 companies for Piotroski F-Score. This places Lease IT PCL in the top 19% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Lease IT PCL's value of 6 is 20% above this benchmark. Historically, Lease IT PCL's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Lease IT 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 Credit Services company?
The median Piotroski F-Score among Credit Services companies is 5.00, based on 532 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. Lease IT 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 Lease IT PCL and its competitors. For the Credit 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. Lease IT PCL's current Piotroski F-Score is 6, which is 50% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lease IT PCL stock overvalued right now?
Based on GuruFocus' analysis, Lease IT PCL (BKK:LIT) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.61, compared to a current price of ฿0.87 — trading 46% below its estimated fair value. The current Piotroski F-Score is 6, which is 50% above median its 10-year median of 4.00 and 20% above the Credit Services industry median of 5.00. Lease IT PCL's overall GF Score™ is 54/100 with 9 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 Lease IT PCL (BKK:LIT), the current Piotroski F-Score is 6 as of Jul. 14, 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 Lease IT PCL (BKK:LIT) Overvalued in 2026?

Based on GuruFocus' analysis, Lease IT PCL stock appears to be undervalued. The current stock price of ฿0.87 is trading 46% below its estimated GF Value™ of ฿1.61. GuruFocus considers Lease IT PCL to be Possible Value Trap.

Key valuation signals for BKK:LIT:

  • Piotroski F-Score: 6 (50% above median its 10-year median of 4.00)
  • GF Value™: ฿1.61 vs. price of ฿0.87 (46% below fair value)
  • GF Score™: 54/100 with 9 warning signs
  • Industry Position: 20% above the Credit Services median (#101 of 532)

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


Lease IT PCL Business Description

Address Rama III Road, 1023 MS Siam Tower, 29th Floor, Chongnonsi, Yannawa, Bangkok, THA, 10120
Lease IT PCL is a Thailand-based company engaged in providing financial services in the form of hire-purchase, leasing, factoring services for sales and services, and loans. It is organized into three business segments based on its services such as Lending business in term of hire-purchase, financial leases, factoring from selling and service, loans and sales of goods, Providing the data information and credit analysis included the project management and online shopping service platform with installment payment. It generates maximum revenue from financial services. The company operates only in Thailand.
54GF Score

Get the complete analysis for BKK:LIT

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

฿0.87
Price
฿1.61
GF Value