Multibax PCLBKK:MBAX +1.58%61 Piotroski F-Score is 7 as of Jul. 11, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates BKK:MBAX with a GF Score™ of 61/100 and a GF Value™ of ฿3.00 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 388 Packaging & Containers companies, Multibax PCL ranks better than 89.43% 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
Multibax 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 Multibax PCL's Piotroski F-Score or its related term are showing as below:
BKK:MBAX'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 6 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of Multibax PCL was 8. The lowest was 2. And the median was 6.
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.
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.
Multibax PCL Piotroski F-Score Related Terms
Multibax PCL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Multibax 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.
BKK:MBAX vs SW, PKG, IP: Piotroski F-Score Comparison
For the Packaging & Containers subindustry, Multibax 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.
Multibax PCL Piotroski F-Score vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Multibax PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Multibax PCL's Piotroski F-Score falls into.
* 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.
*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.
Multibax PCL's current Net Income (TTM) was 45.
==> 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.
Multibax PCL's return on assets of this year was 0.0276846. Multibax PCL's return on assets of last year was -0.01052038.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Multibax PCL's gearing of this year was 0.10317201. Multibax PCL's gearing of last year was 0.03861958.
==> 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
Multibax PCL's current ratio of this year was 0.97667193. Multibax PCL's current ratio of last year was 0.88279316.
==> 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.
Multibax PCL's number of shares in issue this year was 206.838. Multibax PCL's number of shares in issue last year was 221.65.
==> 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.
Multibax PCL's gross margin of this year was 0.10415121. Multibax PCL's gross margin of last year was 0.06162078.
==> 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
Multibax PCL's asset turnover of this year was 1.02287291. Multibax PCL's asset turnover of last year was 1.05288699.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Multibax PCL has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Multibax PCL (BKK:MBAX) has a Piotroski F-Score of 7 as of Jul. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Multibax PCL and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Multibax PCL's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Multibax PCL ranks #41 out of 388 companies in the Packaging & Containers industry, placing it in the top 10.6%.
Is Multibax PCL's Piotroski F-Score too high?
Multibax 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 2.00 to a high of 8.00. The Packaging & Containers industry median Piotroski F-Score is 5.00. Multibax PCL's value of 7 is 40% above this industry median. Based on the distribution chart, Multibax PCL ranks #41 out of 388 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Multibax PCL has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Multibax PCL's Piotroski F-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Multibax PCL ranks #41 out of 388 companies for Piotroski F-Score. This places Multibax PCL in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Multibax PCL's value of 7 is 40% above this benchmark. Historically, Multibax PCL's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Multibax 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 Packaging & Containers company?
The median Piotroski F-Score among Packaging & Containers companies is 5.00, based on 388 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. Multibax 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 Multibax PCL and its competitors. For the Packaging & Containers 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. Multibax 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 Multibax PCL stock overvalued right now?
Based on GuruFocus' analysis, Multibax PCL (BKK:MBAX) is currently considered Possible Value Trap. The stock's GF Value™ is ฿3.00, compared to a current price of ฿1.93 — trading 35.7% below 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 Packaging & Containers industry median of 5.00. Multibax PCL's overall GF Score™ is 61/100 with 8 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 Multibax PCL (BKK:MBAX), the current Piotroski F-Score is 7 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 Multibax PCL (BKK:MBAX) Overvalued in 2026?
Based on GuruFocus' analysis, Multibax PCL stock appears to be undervalued.
The current stock price of ฿1.93 is trading 35.7% below its estimated GF Value™ of ฿3.00.
GuruFocus considers Multibax PCL to be Possible Value Trap.
Key valuation signals for BKK:MBAX:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: ฿3.00 vs. price of ฿1.93 (35.7% below fair value)
Industry Position: 40% above the Packaging & Containers median (#41 of 388)
No single metric tells the full story. See the BKK:MBAX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Multibax PCL is engaged in the manufacturing and distribution of polymer bags. Products of the company includes food bags, garbage bags, bioplastic bags, and environment friendly plastic bags. Geographically, the company operates in North America, Australia, Europe, Asia and other continents.
61GF Score
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