Mitsib Leasing PCL (BKK:MITSIB) Piotroski F-Score: 8 (As of Jul. 01, 2026) — 60% Above Median


BKK:MITSIB Mitsib Leasing PCL BKK:MITSIB
52 GF Score
Price ฿0.55
GF Value ฿0.42
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Mitsib Leasing PCL Piotroski F-Score?

Mitsib Leasing PCL BKK:MITSIB +1.85% 52 Piotroski F-Score is 8 as of Jul. 01, 2026, which is 60% above its 10-year median of 5.00. GuruFocus rates BKK:MITSIB with a GF Score™ of 52/100 and a GF Value™ of ฿0.42 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,287 Vehicles & Parts companies, Mitsib Leasing PCL ranks better than 97.82% on this metric.

Good Sign:

Piotroski F-Score is 8, 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

Mitsib Leasing PCL has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

BKK:MITSIB' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 8

During the past 12 years, the highest Piotroski F-Score of Mitsib Leasing PCL was 8. The lowest was 3. And the median was 5.

Mitsib Leasing PCL  (BKK:MITSIB) 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.


Mitsib Leasing PCL Piotroski F-Score Related Terms


Mitsib Leasing PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Mitsib Leasing 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.

Mitsib Leasing PCL Piotroski F-Score Chart

Mitsib Leasing 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 4.00 3.00 7.00

Mitsib Leasing 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 3.00 4.00 6.00 7.00 8.00

BKK:MITSIB vs CVNA, PAG, ALTB: Piotroski F-Score Comparison

For the Auto & Truck Dealerships subindustry, Mitsib Leasing 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.


Mitsib Leasing PCL Piotroski F-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mitsib Leasing PCL's Piotroski F-Score distribution charts can be found below:

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


BKK:MITSIB
52GF Score
Mitsib Leasing PCL BKK:MITSIB
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 16.625 + 25.215 + 4.143 + 12.783 = ฿58.8 Mil.
Cash Flow from Operations was 38.233 + 41.865 + 56.345 + 49.881 = ฿186.3 Mil.
Revenue was 134.73 + 145.816 + 130.251 + 145.484 = ฿556.3 Mil.
Gross Profit was 80.072 + 77.135 + 57.65 + 75.069 = ฿289.9 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2156.493 + 2149.919 + 2163.191 + 2125.376 + 2137.994) / 5 = ฿2146.5946 Mil.
Total Assets at the begining of this year (Mar25) was ฿2,156.5 Mil.
Long-Term Debt & Capital Lease Obligation was ฿162.3 Mil.
Total Current Assets was ฿1,054.4 Mil.
Total Current Liabilities was ฿726.0 Mil.
Net Income was -6.497 + 1.928 + 5.44 + 8.874 = ฿9.7 Mil.

Revenue was 199.456 + 208.245 + 132.395 + 169.13 = ฿709.2 Mil.
Gross Profit was 76.766 + 82.229 + 37.628 + 73.556 = ฿270.2 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2008.219 + 1993.075 + 2099.364 + 2087.875 + 2156.493) / 5 = ฿2069.0052 Mil.
Total Assets at the begining of last year (Mar24) was ฿2,008.2 Mil.
Long-Term Debt & Capital Lease Obligation was ฿198.8 Mil.
Total Current Assets was ฿1,049.6 Mil.
Total Current Liabilities was ฿746.9 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.

Mitsib Leasing PCL's current Net Income (TTM) was 58.8. ==> 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.

Mitsib Leasing PCL's current Cash Flow from Operations (TTM) was 186.3. ==> 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)
=58.766/2156.493
=0.02725073

ROA (Last Year)=Net Income/Total Assets (Mar24)
=9.745/2008.219
=0.00485256

Mitsib Leasing PCL's return on assets of this year was 0.02725073. Mitsib Leasing PCL's return on assets of last year was 0.00485256. ==> 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.

Mitsib Leasing PCL's current Net Income (TTM) was 58.8. Mitsib Leasing PCL's current Cash Flow from Operations (TTM) was 186.3. ==> 186.3 > 58.8 ==> 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
=162.289/2146.5946
=0.075603

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=198.757/2069.0052
=0.09606404

Mitsib Leasing PCL's gearing of this year was 0.075603. Mitsib Leasing PCL's gearing of last year was 0.09606404. ==> 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
=1054.351/726.035
=1.45220409

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1049.633/746.892
=1.40533437

Mitsib Leasing PCL's current ratio of this year was 1.45220409. Mitsib Leasing PCL's current ratio of last year was 1.40533437. ==> 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.

Mitsib Leasing PCL's number of shares in issue this year was 1420.333. Mitsib Leasing PCL's number of shares in issue last year was 1479. ==> 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
=289.926/556.281
=0.52118624

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=270.179/709.226
=0.38094909

Mitsib Leasing PCL's gross margin of this year was 0.52118624. Mitsib Leasing PCL's gross margin of last year was 0.38094909. ==> 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)
=556.281/2156.493
=0.25795632

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=709.226/2008.219
=0.35316168

Mitsib Leasing PCL's asset turnover of this year was 0.25795632. Mitsib Leasing PCL's asset turnover of last year was 0.35316168. ==> 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+1+1+1+0
=8

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

Mitsib Leasing PCL has an F-score of 8. 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 8 mean?
Mitsib Leasing PCL (BKK:MITSIB) has a Piotroski F-Score of 8 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Mitsib Leasing PCL and its competitors. This is 60% above median its historical median of 5.00. Over the past decade, Mitsib Leasing PCL's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Mitsib Leasing PCL ranks #28 out of 1287 companies in the Vehicles & Parts industry, placing it in the top 2.2%.
Is Mitsib Leasing PCL's Piotroski F-Score too high?
Mitsib Leasing PCL's current Piotroski F-Score of 8 is 60% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Vehicles & Parts industry median Piotroski F-Score is 5.00. Mitsib Leasing PCL's value of 8 is 60% above this industry median. Based on the distribution chart, Mitsib Leasing PCL ranks #28 out of 1287 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Mitsib Leasing PCL has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsib Leasing PCL's Piotroski F-Score compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Mitsib Leasing PCL ranks #28 out of 1287 companies for Piotroski F-Score. This places Mitsib Leasing PCL in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Mitsib Leasing PCL's value of 8 is 60% above this benchmark. Historically, Mitsib Leasing 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 5.00 vs. the industry median of 5.00, Mitsib Leasing 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 5.00, based on 1,287 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. Mitsib Leasing PCL's current Piotroski F-Score of 8 is 60% 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 Mitsib Leasing PCL and its competitors. For the Vehicles & Parts 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. Mitsib Leasing PCL's current Piotroski F-Score is 8, which is 60% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsib Leasing PCL stock overvalued right now?
Based on GuruFocus' analysis, Mitsib Leasing PCL (BKK:MITSIB) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.42, compared to a current price of ฿0.55 — trading 31% above its estimated fair value. The current Piotroski F-Score is 8, which is 60% above median its 10-year median of 5.00 and 60% above the Vehicles & Parts industry median of 5.00. Mitsib Leasing PCL's overall GF Score™ is 52/100 with 7 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 Mitsib Leasing PCL (BKK:MITSIB), the current Piotroski F-Score is 8 as of Jul. 01, 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 Mitsib Leasing PCL (BKK:MITSIB) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsib Leasing PCL stock appears to be overvalued. The current stock price of ฿0.55 is trading 31% above its estimated GF Value™ of ฿0.42. GuruFocus considers Mitsib Leasing PCL to be Significantly Overvalued.

Key valuation signals for BKK:MITSIB:

  • Piotroski F-Score: 8 (60% above median its 10-year median of 5.00)
  • GF Value™: ฿0.42 vs. price of ฿0.55 (31% above fair value)
  • GF Score™: 52/100 with 7 warning signs
  • Industry Position: 60% above the Vehicles & Parts median (#28 of 1287)

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


Mitsib Leasing PCL Business Description

Address 895-6, Moo 5, Srinakarin Road, Samrong Nua, Muang Samutprakan, Samut Prakan, Bangkok, THA, 10270
Mitsib Leasing PCL is engaged in hire-purchase. The principal activities of the company are sale of cars and providing maintenance services of public transportations and providing retail loan to customers. It operates in four main segments which are sale of car, hire-purchase, factoring and other lending in Thailand only. The majority of the revenue is derived from Sale of cars segment.
52GF Score

Get the complete analysis for BKK:MITSIB

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

฿0.55
Price
฿0.42
GF Value