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Ornsirin Holding PCLBKK:ORN +1.15%31 Piotroski F-Score is 5 as of Aug. 27, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates BKK:ORN with a GF Score™ of 31/100 and a GF Value™ of ฿1.26 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,749 Real Estate companies, Ornsirin Holding PCL ranks better than 59.35% 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
Ornsirin Holding PCL has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Ornsirin Holding PCL's Piotroski F-Score or its related term are showing as below:
BKK:ORN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 7
Current: 5
During the past 5 years, the highest Piotroski F-Score of Ornsirin Holding PCL was 7. The lowest was 3. 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.
Ornsirin Holding PCL Piotroski F-Score Related Terms
Ornsirin Holding PCL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Ornsirin Holding 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.
For the Real Estate - Development subindustry, Ornsirin Holding 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.
Ornsirin Holding PCL Piotroski F-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Ornsirin Holding PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Ornsirin Holding 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.
Ornsirin Holding PCL's current Net Income (TTM) was 263.
==> 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.
Ornsirin Holding PCL's return on assets of this year was 0.04981367. Ornsirin Holding PCL's return on assets of last year was 0.04446985.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Ornsirin Holding PCL's gearing of this year was 0.24118796. Ornsirin Holding PCL's gearing of last year was 0.1677355.
==> 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
Ornsirin Holding PCL's current ratio of this year was 1.97270808. Ornsirin Holding PCL's current ratio of last year was 2.15171742.
==> 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.
Ornsirin Holding PCL's number of shares in issue this year was 1500. Ornsirin Holding PCL's number of shares in issue last year was 1500.
==> 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.
Ornsirin Holding PCL's gross margin of this year was 0.40054924. Ornsirin Holding PCL's gross margin of last year was 0.41736339.
==> 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
Ornsirin Holding PCL's asset turnover of this year was 0.4591115. Ornsirin Holding PCL's asset turnover of last year was 0.4043529.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Ornsirin Holding PCL has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Ornsirin Holding PCL (BKK:ORN) has a Piotroski F-Score of 5 as of Aug. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Ornsirin Holding PCL and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Ornsirin Holding PCL's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Ornsirin Holding PCL ranks #711 out of 1749 companies in the Real Estate industry, placing it in the top 40.7%.
Is Ornsirin Holding PCL's Piotroski F-Score too high?
Ornsirin Holding PCL's current Piotroski F-Score of 5 is 17% 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 7.00. The Real Estate industry median Piotroski F-Score is 5.00. Ornsirin Holding PCL's value of 5 is 0% at this industry median. Based on the distribution chart, Ornsirin Holding PCL ranks #711 out of 1749 companies in the Real Estate industry, which is above the industry midpoint. Overall, Ornsirin Holding PCL has a GF Score™ of 31/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ornsirin Holding PCL's Piotroski F-Score compare to competitors?
According to the Real Estate industry distribution chart, Ornsirin Holding PCL ranks #711 out of 1749 companies for Piotroski F-Score. This puts Ornsirin Holding PCL in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Ornsirin Holding PCL's value of 5 is 0% at this benchmark. Historically, Ornsirin Holding PCL's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Ornsirin Holding PCL has consistently been at 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 Real Estate company?
The median Piotroski F-Score among Real Estate companies is 5.00, based on 1,749 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. Ornsirin Holding PCL's current Piotroski F-Score of 5 is 0% at 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 Ornsirin Holding PCL and its competitors. For the Real Estate 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. Ornsirin Holding PCL's current Piotroski F-Score is 5, which is 17% 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 Ornsirin Holding PCL stock overvalued right now?
Based on GuruFocus' analysis, Ornsirin Holding PCL (BKK:ORN) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.26, compared to a current price of ฿0.88 — trading 30.2% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Real Estate industry median of 5.00. Ornsirin Holding PCL's overall GF Score™ is 31/100 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 Ornsirin Holding PCL (BKK:ORN), the current Piotroski F-Score is 5 as of Aug. 27, 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 Ornsirin Holding PCL (BKK:ORN) Overvalued in 2026?
Based on GuruFocus' analysis, Ornsirin Holding PCL stock appears to be undervalued.
The current stock price of ฿0.88 is trading 30.2% below its estimated GF Value™ of ฿1.26.
GuruFocus considers Ornsirin Holding PCL to be Possible Value Trap.
Key valuation signals for BKK:ORN:
Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
GF Value™: ฿1.26 vs. price of ฿0.88 (30.2% below fair value)
Industry Position: 0% at the Real Estate median (#711 of 1749)
No single metric tells the full story. See the BKK:ORN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ornsirin Holding PCL is a Thailand-based holding company. The Company is engaged in the business of real estate development for sale and for lease. The Company is into the business of investment and management services. The Company's projects are located in Chiang Mai. Its project categories includes single houses, condos, townhomes, and shophouses.
31GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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