Premier Quality Starch PCL (BKK:PQS) Piotroski F-Score: 3 (As of Jul. 01, 2026) — 40% Below Median


BKK:PQS Premier Quality Starch PCL BKK:PQS
79 GF Score
Price ฿1.81
GF Value ฿2.07
Valuation Modestly Undervalued
! 8 Warning Signs
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What is Premier Quality Starch PCL Piotroski F-Score?

Premier Quality Starch PCL BKK:PQS +0.56% 79 Piotroski F-Score is 3 as of Jul. 01, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates BKK:PQS with a GF Score™ of 79/100 and a GF Value™ of ฿2.07 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,908 Consumer Packaged Goods companies, Premier Quality Starch PCL ranks worse than 84.8% on this metric.

Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

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

Premier Quality Starch PCL has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

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

BKK:PQS' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 7
Current: 3

During the past 6 years, the highest Piotroski F-Score of Premier Quality Starch PCL was 7. The lowest was 3. And the median was 5.

Premier Quality Starch PCL  (BKK:PQS) 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.


Premier Quality Starch PCL Piotroski F-Score Related Terms


Premier Quality Starch PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Premier Quality Starch 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.

Premier Quality Starch PCL Piotroski F-Score Chart

Premier Quality Starch PCL Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 6.00 7.00 4.00

Premier Quality Starch PCL Quarterly Data
Dec20 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 6.00 5.00 4.00 4.00 3.00

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

For the Farm Products subindustry, Premier Quality Starch 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.


Premier Quality Starch PCL Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Premier Quality Starch PCL's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Premier Quality Starch PCL's Piotroski F-Score falls into.


BKK:PQS
79GF Score
Premier Quality Starch PCL BKK:PQS
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 -23.595 + -78.14 + -32.3 + 19.846 = ฿-114 Mil.
Cash Flow from Operations was 232.658 + 97.865 + -40.366 + -155.152 = ฿135 Mil.
Revenue was 520.081 + 462.037 + 512.397 + 630.435 = ฿2,125 Mil.
Gross Profit was 58.004 + -5.248 + 43.717 + 83.264 = ฿180 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3046.394 + 2908.493 + 2707.342 + 2808.407 + 3056.558) / 5 = ฿2905.4388 Mil.
Total Assets at the begining of this year (Mar25) was ฿3,046 Mil.
Long-Term Debt & Capital Lease Obligation was ฿316 Mil.
Total Current Assets was ฿985 Mil.
Total Current Liabilities was ฿691 Mil.
Net Income was -1.933 + 79.397 + 25.109 + 51.613 = ฿154 Mil.

Revenue was 439.812 + 770.204 + 669.31 + 458.932 = ฿2,338 Mil.
Gross Profit was 64.116 + 160.307 + 131.608 + 127.074 = ฿483 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2954.231 + 2795.906 + 2618.625 + 2971.968 + 3046.394) / 5 = ฿2877.4248 Mil.
Total Assets at the begining of last year (Mar24) was ฿2,954 Mil.
Long-Term Debt & Capital Lease Obligation was ฿136 Mil.
Total Current Assets was ฿1,017 Mil.
Total Current Liabilities was ฿647 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.

Premier Quality Starch PCL's current Net Income (TTM) was -114. ==> Negative ==> Score 0.

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.

Premier Quality Starch PCL's current Cash Flow from Operations (TTM) was 135. ==> 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)
=-114.189/3046.394
=-0.03748333

ROA (Last Year)=Net Income/Total Assets (Mar24)
=154.186/2954.231
=0.05219159

Premier Quality Starch PCL's return on assets of this year was -0.03748333. Premier Quality Starch PCL's return on assets of last year was 0.05219159. ==> Last year is higher ==> Score 0.

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.

Premier Quality Starch PCL's current Net Income (TTM) was -114. Premier Quality Starch PCL's current Cash Flow from Operations (TTM) was 135. ==> 135 > -114 ==> 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
=316.465/2905.4388
=0.10892159

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=136.395/2877.4248
=0.04740176

Premier Quality Starch PCL's gearing of this year was 0.10892159. Premier Quality Starch PCL's gearing of last year was 0.04740176. ==> 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
=984.583/690.728
=1.42542795

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1016.94/647.459
=1.57066316

Premier Quality Starch PCL's current ratio of this year was 1.42542795. Premier Quality Starch PCL's current ratio of last year was 1.57066316. ==> 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.

Premier Quality Starch PCL's number of shares in issue this year was 670. Premier Quality Starch PCL's number of shares in issue last year was 670. ==> 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
=179.737/2124.95
=0.08458411

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=483.105/2338.258
=0.20660894

Premier Quality Starch PCL's gross margin of this year was 0.08458411. Premier Quality Starch PCL's gross margin of last year was 0.20660894. ==> 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)
=2124.95/3046.394
=0.6975296

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2338.258/2954.231
=0.79149464

Premier Quality Starch PCL's asset turnover of this year was 0.6975296. Premier Quality Starch PCL's asset turnover of last year was 0.79149464. ==> 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
=0+1+0+1+0+0+1+0+0
=3

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

Premier Quality Starch PCL has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 3 mean?
Premier Quality Starch PCL (BKK:PQS) has a Piotroski F-Score of 3 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Premier Quality Starch PCL and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Premier Quality Starch PCL's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Premier Quality Starch PCL ranks #1618 out of 1908 companies in the Consumer Packaged Goods industry, placing it in the top 84.8%.
Is Premier Quality Starch PCL's Piotroski F-Score too high?
Premier Quality Starch PCL's current Piotroski F-Score of 3 is 40% below 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 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Premier Quality Starch PCL's value of 3 is 40% below this industry median. Based on the distribution chart, Premier Quality Starch PCL ranks #1618 out of 1908 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Premier Quality Starch PCL has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Premier Quality Starch PCL's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Premier Quality Starch PCL ranks #1618 out of 1908 companies for Piotroski F-Score. This places Premier Quality Starch PCL in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Premier Quality Starch PCL's value of 3 is 40% below this benchmark. Historically, Premier Quality Starch 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 5.00 vs. the industry median of 5.00, Premier Quality Starch PCL 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 1,908 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. Premier Quality Starch PCL's current Piotroski F-Score of 3 is 40% 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 Premier Quality Starch PCL 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. Premier Quality Starch PCL's current Piotroski F-Score is 3, which is 40% below 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 Premier Quality Starch PCL stock overvalued right now?
Based on GuruFocus' analysis, Premier Quality Starch PCL (BKK:PQS) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.07, compared to a current price of ฿1.81 — trading 12.6% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 40% below the Consumer Packaged Goods industry median of 5.00. Premier Quality Starch PCL's overall GF Score™ is 79/100 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 Premier Quality Starch PCL (BKK:PQS), the current Piotroski F-Score is 3 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 Premier Quality Starch PCL (BKK:PQS) Overvalued in 2026?

Based on GuruFocus' analysis, Premier Quality Starch PCL stock appears to be undervalued. The current stock price of ฿1.81 is trading 12.6% below its estimated GF Value™ of ฿2.07. GuruFocus considers Premier Quality Starch PCL to be Modestly Undervalued.

Key valuation signals for BKK:PQS:

  • Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
  • GF Value™: ฿2.07 vs. price of ฿1.81 (12.6% below fair value)
  • GF Score™: 79/100 with 8 warning signs
  • Industry Position: 40% below the Consumer Packaged Goods median (#1618 of 1908)

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


Premier Quality Starch PCL Business Description

Address 185 Moo 14, Kham Pa Lai Subdistrict, Mueang Mukdahan District, Mukdahan, THA, 49000
Premier Quality Starch PCL is engaged in the manufacturing and distribution of native starch, modified starch, and all kind of processed starch. The company is also engaged in The production and distribution of electricity generated from biogas and rooftop solar power. Its segments include Production of tapioca starch and production and distribution of electricity generated from biogas and rooftop solar power and transport and logistic services. The majority of revenue is derived from the Production and distribution of tapioca starch. Geographically the company operates in Thailand.
79GF Score

Get the complete analysis for BKK:PQS

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

฿1.81
Price
฿2.07
GF Value