Moshi Moshi Retail PCL (BKK:MOSHI) Piotroski F-Score: 8 (As of Jul. 22, 2026) — 14% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:MOSHI Moshi Moshi Retail Corp PCL BKK:MOSHI
63 GF Score
Price ฿39.25
GF Value ฿64.29
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Moshi Moshi Retail PCL Piotroski F-Score?

Moshi Moshi Retail PCL BKK:MOSHI +1.29% 63 Piotroski F-Score is 8 as of Jul. 22, 2026, which is 14% above its 10-year median of 7.00. GuruFocus rates BKK:MOSHI with a GF Score™ of 63/100 and a GF Value™ of ฿64.29 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,099 Retail - Cyclical companies, Moshi Moshi Retail PCL ranks better than 98.54% 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

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

BKK:MOSHI' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 7   Max: 8
Current: 8

During the past 5 years, the highest Piotroski F-Score of Moshi Moshi Retail PCL was 8. The lowest was 4. And the median was 7.

Moshi Moshi Retail PCL  (BKK:MOSHI) 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.


Moshi Moshi Retail PCL Piotroski F-Score Related Terms


Moshi Moshi Retail PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Moshi Moshi Retail 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.

Moshi Moshi Retail PCL Piotroski F-Score Chart

Moshi Moshi Retail PCL Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
N/A N/A 7.00 5.00 7.00

Moshi Moshi Retail PCL Quarterly Data
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 4.00 6.00 8.00 7.00 8.00

BKK:MOSHI vs DDS: Piotroski F-Score Comparison

For the Department Stores subindustry, Moshi Moshi Retail 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.


Moshi Moshi Retail PCL Piotroski F-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Moshi Moshi Retail PCL's Piotroski F-Score distribution charts can be found below:

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


BKK:MOSHI
63GF Score
Moshi Moshi Retail Corp PCL BKK:MOSHI
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 134.404 + 137.228 + 242.574 + 190.988 = ฿705 Mil.
Cash Flow from Operations was 259.489 + 178.832 + 428.693 + 253.736 = ฿1,121 Mil.
Revenue was 815.532 + 844.649 + 1165.283 + 984.411 = ฿3,810 Mil.
Gross Profit was 448.493 + 470.186 + 659.902 + 554.142 = ฿2,133 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4489.294 + 4409.319 + 4566.138 + 5051.357 + 5315.659) / 5 = ฿4766.3534 Mil.
Total Assets at the begining of this year (Mar25) was ฿4,489 Mil.
Long-Term Debt & Capital Lease Obligation was ฿1,516 Mil.
Total Current Assets was ฿2,345 Mil.
Total Current Liabilities was ฿792 Mil.
Net Income was 81.211 + 108.145 + 205.94 + 156.015 = ฿551 Mil.

Revenue was 636.539 + 735.77 + 1047.152 + 838.883 = ฿3,258 Mil.
Gross Profit was 337.777 + 388.592 + 558.295 + 464.219 = ฿1,749 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3757.239 + 3679.04 + 3948.764 + 4375.68 + 4489.294) / 5 = ฿4050.0034 Mil.
Total Assets at the begining of last year (Mar24) was ฿3,757 Mil.
Long-Term Debt & Capital Lease Obligation was ฿1,297 Mil.
Total Current Assets was ฿1,865 Mil.
Total Current Liabilities was ฿638 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.

Moshi Moshi Retail PCL's current Net Income (TTM) was 705. ==> 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.

Moshi Moshi Retail PCL's current Cash Flow from Operations (TTM) was 1,121. ==> 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)
=705.194/4489.294
=0.1570835

ROA (Last Year)=Net Income/Total Assets (Mar24)
=551.311/3757.239
=0.14673301

Moshi Moshi Retail PCL's return on assets of this year was 0.1570835. Moshi Moshi Retail PCL's return on assets of last year was 0.14673301. ==> 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.

Moshi Moshi Retail PCL's current Net Income (TTM) was 705. Moshi Moshi Retail PCL's current Cash Flow from Operations (TTM) was 1,121. ==> 1,121 > 705 ==> 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
=1515.696/4766.3534
=0.31799908

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1296.669/4050.0034
=0.32016492

Moshi Moshi Retail PCL's gearing of this year was 0.31799908. Moshi Moshi Retail PCL's gearing of last year was 0.32016492. ==> 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
=2345.16/792.093
=2.96071295

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1864.943/637.647
=2.92472638

Moshi Moshi Retail PCL's current ratio of this year was 2.96071295. Moshi Moshi Retail PCL's current ratio of last year was 2.92472638. ==> 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.

Moshi Moshi Retail PCL's number of shares in issue this year was 329.289. Moshi Moshi Retail PCL's number of shares in issue last year was 331.947. ==> 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
=2132.723/3809.875
=0.55978818

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1748.883/3258.344
=0.53673983

Moshi Moshi Retail PCL's gross margin of this year was 0.55978818. Moshi Moshi Retail PCL's gross margin of last year was 0.53673983. ==> 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)
=3809.875/4489.294
=0.84865794

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3258.344/3757.239
=0.86721766

Moshi Moshi Retail PCL's asset turnover of this year was 0.84865794. Moshi Moshi Retail PCL's asset turnover of last year was 0.86721766. ==> 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

Moshi Moshi Retail 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?
Moshi Moshi Retail PCL (BKK:MOSHI) has a Piotroski F-Score of 8 as of Jul. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Moshi Moshi Retail PCL and its competitors. This is 14% above median its historical median of 7.00. Over the past decade, Moshi Moshi Retail PCL's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, Moshi Moshi Retail PCL ranks #16 out of 1099 companies in the Retail - Cyclical industry, placing it in the top 1.5%.
Is Moshi Moshi Retail PCL's Piotroski F-Score too high?
Moshi Moshi Retail PCL's current Piotroski F-Score of 8 is 14% above median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 8.00. The Retail - Cyclical industry median Piotroski F-Score is 6.00. Moshi Moshi Retail PCL's value of 8 is 33.3% above this industry median. Based on the distribution chart, Moshi Moshi Retail PCL ranks #16 out of 1099 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Moshi Moshi Retail PCL has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Moshi Moshi Retail PCL's Piotroski F-Score compare to DDS?
According to the Retail - Cyclical industry distribution chart, Moshi Moshi Retail PCL ranks #16 out of 1099 companies for Piotroski F-Score. This places Moshi Moshi Retail PCL in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. Moshi Moshi Retail PCL's value of 8 is 33.3% above this benchmark. Historically, Moshi Moshi Retail PCL's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 6.00, Moshi Moshi Retail 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 6.00, based on 1,099 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. Moshi Moshi Retail PCL's current Piotroski F-Score of 8 is 33.3% 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 Moshi Moshi Retail PCL and its competitors. For the Retail - Cyclical industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Moshi Moshi Retail PCL's current Piotroski F-Score is 8, which is 14% above median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moshi Moshi Retail PCL stock overvalued right now?
Based on GuruFocus' analysis, Moshi Moshi Retail PCL (BKK:MOSHI) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿64.29, compared to a current price of ฿39.25 — trading 38.9% below its estimated fair value. The current Piotroski F-Score is 8, which is 14% above median its 10-year median of 7.00 and 33.3% above the Retail - Cyclical industry median of 6.00. Moshi Moshi Retail PCL's overall GF Score™ is 63/100 with 1 warning sign 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 Moshi Moshi Retail PCL (BKK:MOSHI), the current Piotroski F-Score is 8 as of Jul. 22, 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 Moshi Moshi Retail PCL (BKK:MOSHI) Overvalued in 2026?

Based on GuruFocus' analysis, Moshi Moshi Retail PCL stock appears to be undervalued. The current stock price of ฿39.25 is trading 38.9% below its estimated GF Value™ of ฿64.29. GuruFocus considers Moshi Moshi Retail PCL to be Significantly Undervalued.

Key valuation signals for BKK:MOSHI:

  • Piotroski F-Score: 8 (14% above median its 10-year median of 7.00)
  • GF Value™: ฿64.29 vs. price of ฿39.25 (38.9% below fair value)
  • GF Score™: 63/100 with 1 warning sign
  • Industry Position: 33.3% above the Retail - Cyclical median (#16 of 1099)

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


Moshi Moshi Retail PCL Business Description

Address Ratchadapisek Road (Thapra-Taksin), No. 129, The Mall Thapra Building, 9th Floor, Bukklalo Sub-district, Thonburi District, Bangkok, THA, 10100
Moshi Moshi Retail Corp PCL Limited is a Thailand-based company that is engaged in selling lifestyle products for daily life. The company offers a range of everyday lifestyle products under multiple product groups, including home furnishing, stationery, bags, plush toys, apparel, fashions, beauty products, cosmetics, information technology (IT) gadgets, toys, food and snacks, pet accessories, and others. The company's segment includes wholesale and retail. The company generates the majority of its revenue from the retail segment.
63GF Score

Get the complete analysis for BKK:MOSHI

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

฿39.25
Price
฿64.29
GF Value