Lam Soon (Thailand) PCL Shs (BKK:LST) Piotroski F-Score: 4 (As of Jul. 13, 2026) — 33% Below Median


BKK:LST Lam Soon (Thailand) PCL Shs BKK:LST
78 GF Score
Price ฿4.78
GF Value ฿5.75
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Lam Soon (Thailand) PCL Shs Piotroski F-Score?

Lam Soon (Thailand) PCL Shs BKK:LST +0.42% 78 Piotroski F-Score is 4 as of Jul. 13, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates BKK:LST with a GF Score™ of 78/100 and a GF Value™ of ฿5.75 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,914 Consumer Packaged Goods companies, Lam Soon (Thailand) PCL Shs ranks worse than 66.93% 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

Lam Soon (Thailand) PCL Shs has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Lam Soon (Thailand) PCL Shs's Piotroski F-Score or its related term are showing as below:

BKK:LST' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 4

During the past 13 years, the highest Piotroski F-Score of Lam Soon (Thailand) PCL Shs was 9. The lowest was 3. And the median was 6.

Lam Soon (Thailand) PCL Shs  (BKK:LST) 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.


Lam Soon (Thailand) PCL Shs Piotroski F-Score Related Terms


Lam Soon (Thailand) PCL Shs Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Lam Soon (Thailand) PCL Shs'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.

Lam Soon (Thailand) PCL Shs Piotroski F-Score Chart

Lam Soon (Thailand) PCL Shs 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 6.00 5.00 8.00 5.00 3.00

Lam Soon (Thailand) PCL Shs 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 4.00 3.00 4.00

BKK:LST vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, Lam Soon (Thailand) PCL Shs'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.


Lam Soon (Thailand) PCL Shs Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Lam Soon (Thailand) PCL Shs's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Lam Soon (Thailand) PCL Shs's Piotroski F-Score falls into.


BKK:LST
78GF Score
Lam Soon (Thailand) PCL Shs BKK:LST
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 130.447 + 181.417 + 119.472 + 132.051 = ฿563 Mil.
Cash Flow from Operations was -80.545 + 149.307 + 402.217 + -126.187 = ฿345 Mil.
Revenue was 3154.683 + 3488.922 + 3140.83 + 3336.943 = ฿13,121 Mil.
Gross Profit was 353.446 + 445.939 + 416.683 + 395.3 = ฿1,611 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(8108.345 + 8478.247 + 8581.856 + 8628.358 + 9246.892) / 5 = ฿8608.7396 Mil.
Total Assets at the begining of this year (Mar25) was ฿8,108 Mil.
Long-Term Debt & Capital Lease Obligation was ฿207 Mil.
Total Current Assets was ฿5,346 Mil.
Total Current Liabilities was ฿2,543 Mil.
Net Income was 81.382 + 184.09 + 130.742 + 96.605 = ฿493 Mil.

Revenue was 2848.637 + 3127.841 + 2799.217 + 3033.966 = ฿11,810 Mil.
Gross Profit was 254.28 + 488.79 + 395.543 + 317.395 = ฿1,456 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(7408.393 + 7570.697 + 7685.572 + 7816.618 + 8108.345) / 5 = ฿7717.925 Mil.
Total Assets at the begining of last year (Mar24) was ฿7,408 Mil.
Long-Term Debt & Capital Lease Obligation was ฿137 Mil.
Total Current Assets was ฿4,586 Mil.
Total Current Liabilities was ฿1,939 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.

Lam Soon (Thailand) PCL Shs's current Net Income (TTM) was 563. ==> 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.

Lam Soon (Thailand) PCL Shs's current Cash Flow from Operations (TTM) was 345. ==> 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)
=563.387/8108.345
=0.06948237

ROA (Last Year)=Net Income/Total Assets (Mar24)
=492.819/7408.393
=0.06652171

Lam Soon (Thailand) PCL Shs's return on assets of this year was 0.06948237. Lam Soon (Thailand) PCL Shs's return on assets of last year was 0.06652171. ==> 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.

Lam Soon (Thailand) PCL Shs's current Net Income (TTM) was 563. Lam Soon (Thailand) PCL Shs's current Cash Flow from Operations (TTM) was 345. ==> 345 <= 563 ==> 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
=207.436/8608.7396
=0.02409598

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=137.383/7717.925
=0.01780051

Lam Soon (Thailand) PCL Shs's gearing of this year was 0.02409598. Lam Soon (Thailand) PCL Shs's gearing of last year was 0.01780051. ==> 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
=5345.877/2543.425
=2.10184181

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=4586.47/1938.915
=2.36548276

Lam Soon (Thailand) PCL Shs's current ratio of this year was 2.10184181. Lam Soon (Thailand) PCL Shs's current ratio of last year was 2.36548276. ==> 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.

Lam Soon (Thailand) PCL Shs's number of shares in issue this year was 825.319. Lam Soon (Thailand) PCL Shs's number of shares in issue last year was 805.042. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=1611.368/13121.378
=0.12280478

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1456.008/11809.661
=0.12328957

Lam Soon (Thailand) PCL Shs's gross margin of this year was 0.12280478. Lam Soon (Thailand) PCL Shs's gross margin of last year was 0.12328957. ==> 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)
=13121.378/8108.345
=1.61825601

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=11809.661/7408.393
=1.59409213

Lam Soon (Thailand) PCL Shs's asset turnover of this year was 1.61825601. Lam Soon (Thailand) PCL Shs's asset turnover of last year was 1.59409213. ==> 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+0+0+0+0+0+1
=4

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

Lam Soon (Thailand) PCL Shs has an F-score of 4 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 4 mean?
Lam Soon (Thailand) PCL Shs (BKK:LST) has a Piotroski F-Score of 4 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Lam Soon (Thailand) PCL Shs and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Lam Soon (Thailand) PCL Shs' Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Lam Soon (Thailand) PCL Shs ranks #1281 out of 1914 companies in the Consumer Packaged Goods industry, placing it in the top 66.9%.
Is Lam Soon (Thailand) PCL Shs' Piotroski F-Score too high?
Lam Soon (Thailand) PCL Shs' current Piotroski F-Score of 4 is 33% below 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 Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Lam Soon (Thailand) PCL Shs' value of 4 is 20% below this industry median. Based on the distribution chart, Lam Soon (Thailand) PCL Shs ranks #1281 out of 1914 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Lam Soon (Thailand) PCL Shs has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lam Soon (Thailand) PCL Shs' Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Lam Soon (Thailand) PCL Shs ranks #1281 out of 1914 companies for Piotroski F-Score. This places Lam Soon (Thailand) PCL Shs in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Lam Soon (Thailand) PCL Shs' value of 4 is 20% below this benchmark. Historically, Lam Soon (Thailand) PCL Shs' 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, Lam Soon (Thailand) PCL Shs 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,914 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. Lam Soon (Thailand) PCL Shs's current Piotroski F-Score of 4 is 20% 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 Lam Soon (Thailand) PCL Shs 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. Lam Soon (Thailand) PCL Shs's current Piotroski F-Score is 4, which is 33% 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 Lam Soon (Thailand) PCL Shs stock overvalued right now?
Based on GuruFocus' analysis, Lam Soon (Thailand) PCL Shs (BKK:LST) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿5.75, compared to a current price of ฿4.78 — trading 16.9% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Consumer Packaged Goods industry median of 5.00. Lam Soon (Thailand) PCL Shs' overall GF Score™ is 78/100 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 Lam Soon (Thailand) PCL Shs (BKK:LST), the current Piotroski F-Score is 4 as of Jul. 13, 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 Lam Soon (Thailand) PCL Shs (BKK:LST) Overvalued in 2026?

Based on GuruFocus' analysis, Lam Soon (Thailand) PCL Shs stock appears to be undervalued. The current stock price of ฿4.78 is trading 16.9% below its estimated GF Value™ of ฿5.75. GuruFocus considers Lam Soon (Thailand) PCL Shs to be Modestly Undervalued.

Key valuation signals for BKK:LST:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: ฿5.75 vs. price of ฿4.78 (16.9% below fair value)
  • GF Score™: 78/100 with 3 warning signs
  • Industry Position: 20% below the Consumer Packaged Goods median (#1281 of 1914)

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


Lam Soon (Thailand) PCL Shs Business Description

Address 64, Soi Bangna-Trad 25, Bangna Nuea, Bangkok, THA, 10260
Lam Soon (Thailand) PCL Shs along with its subsidiaries is principally engaged in the manufacture and distribution of palm oil. The group and its subsidiaries are organized into business units based on their products and services and have two reportable segments namely manufacturing and distribution of palm oil segment, which includes the generation of electricity from biogases, the by-products from palm oil manufacturing; and the manufacturing and distribution of processed fruits and vegetable segment. Geographically, it operates through the region of Thailand and it holds a presence in the international market, however domestic sales account for the majority of revenue.
78GF Score

Get the complete analysis for BKK:LST

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

฿4.78
Price
฿5.75
GF Value