Peerapat Technology PCL (BKK:PRAPAT) Piotroski F-Score: 4 (As of Jun. 29, 2026) — 33% Below Median


BKK:PRAPAT Peerapat Technology PCL BKK:PRAPAT
76 GF Score
Price ฿0.82
GF Value ฿1.38
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Peerapat Technology PCL Piotroski F-Score?

Peerapat Technology PCL BKK:PRAPAT +1.23% 76 Piotroski F-Score is 4 as of Jun. 29, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates BKK:PRAPAT with a GF Score™ of 76/100 and a GF Value™ of ฿1.38 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,563 Chemicals companies, Peerapat Technology PCL ranks worse than 64.94% 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

Peerapat Technology PCL has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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

BKK:PRAPAT' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 7
Current: 4

During the past 8 years, the highest Piotroski F-Score of Peerapat Technology PCL was 7. The lowest was 3. And the median was 6.

Peerapat Technology PCL  (BKK:PRAPAT) 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.


Peerapat Technology PCL Piotroski F-Score Related Terms


Peerapat Technology PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Peerapat Technology 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.

Peerapat Technology PCL Piotroski F-Score Chart

Peerapat Technology PCL Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial 3.00 6.00 7.00 6.00 4.00

Peerapat Technology 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 6.00 4.00 4.00 4.00 4.00

BKK:PRAPAT vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Peerapat Technology 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.


Peerapat Technology PCL Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Peerapat Technology PCL's Piotroski F-Score distribution charts can be found below:

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


BKK:PRAPAT
76GF Score
Peerapat Technology PCL BKK:PRAPAT
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 3.045 + 9.821 + 12.225 + 10.724 = ฿36 Mil.
Cash Flow from Operations was 34.693 + 58.06 + 21.397 + 46.795 = ฿161 Mil.
Revenue was 273.954 + 280.261 + 292.995 + 286.027 = ฿1,133 Mil.
Gross Profit was 117.314 + 119.788 + 120.85 + 129.243 = ฿487 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1463.51 + 1396.061 + 1375.975 + 1419.821 + 1422.702) / 5 = ฿1415.6138 Mil.
Total Assets at the begining of this year (Mar25) was ฿1,464 Mil.
Long-Term Debt & Capital Lease Obligation was ฿128 Mil.
Total Current Assets was ฿594 Mil.
Total Current Liabilities was ฿611 Mil.
Net Income was 8.502 + 17.492 + 5.584 + 6.875 = ฿38 Mil.

Revenue was 270.381 + 293.67 + 293.38 + 282.913 = ฿1,140 Mil.
Gross Profit was 118.905 + 131.272 + 126.223 + 126.631 = ฿503 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1323.868 + 1410.322 + 1401.813 + 1419.425 + 1463.51) / 5 = ฿1403.7876 Mil.
Total Assets at the begining of last year (Mar24) was ฿1,324 Mil.
Long-Term Debt & Capital Lease Obligation was ฿151 Mil.
Total Current Assets was ฿684 Mil.
Total Current Liabilities was ฿642 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.

Peerapat Technology PCL's current Net Income (TTM) was 36. ==> 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.

Peerapat Technology PCL's current Cash Flow from Operations (TTM) was 161. ==> 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)
=35.815/1463.51
=0.02447199

ROA (Last Year)=Net Income/Total Assets (Mar24)
=38.453/1323.868
=0.02904595

Peerapat Technology PCL's return on assets of this year was 0.02447199. Peerapat Technology PCL's return on assets of last year was 0.02904595. ==> 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.

Peerapat Technology PCL's current Net Income (TTM) was 36. Peerapat Technology PCL's current Cash Flow from Operations (TTM) was 161. ==> 161 > 36 ==> 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
=128.008/1415.6138
=0.09042579

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=151.323/1403.7876
=0.10779622

Peerapat Technology PCL's gearing of this year was 0.09042579. Peerapat Technology PCL's gearing of last year was 0.10779622. ==> 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
=593.616/610.832
=0.97181549

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=684.415/641.805
=1.06639088

Peerapat Technology PCL's current ratio of this year was 0.97181549. Peerapat Technology PCL's current ratio of last year was 1.06639088. ==> 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.

Peerapat Technology PCL's number of shares in issue this year was 357.467. Peerapat Technology PCL's number of shares in issue last year was 343.75. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=487.195/1133.237
=0.42991448

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=503.031/1140.344
=0.44112215

Peerapat Technology PCL's gross margin of this year was 0.42991448. Peerapat Technology PCL's gross margin of last year was 0.44112215. ==> 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)
=1133.237/1463.51
=0.77432816

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1140.344/1323.868
=0.86137289

Peerapat Technology PCL's asset turnover of this year was 0.77432816. Peerapat Technology PCL's asset turnover of last year was 0.86137289. ==> 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+0+1+1+0+0+0+0
=4

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

Peerapat Technology PCL has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
Peerapat Technology PCL (BKK:PRAPAT) has a Piotroski F-Score of 4 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Peerapat Technology PCL and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Peerapat Technology PCL's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, Peerapat Technology PCL ranks #1015 out of 1563 companies in the Chemicals industry, placing it in the top 64.9%.
Is Peerapat Technology PCL's Piotroski F-Score too high?
Peerapat Technology PCL's current Piotroski F-Score of 4 is 33% 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 Chemicals industry median Piotroski F-Score is 5.00. Peerapat Technology PCL's value of 4 is 20% below this industry median. Based on the distribution chart, Peerapat Technology PCL ranks #1015 out of 1563 companies in the Chemicals industry, which is below the industry midpoint. Overall, Peerapat Technology PCL has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Peerapat Technology PCL's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Peerapat Technology PCL ranks #1015 out of 1563 companies for Piotroski F-Score. This places Peerapat Technology PCL in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Peerapat Technology PCL's value of 4 is 20% below this benchmark. Historically, Peerapat Technology 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, Peerapat Technology 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,563 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. Peerapat Technology PCL's current Piotroski F-Score of 4 is 20% 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 Peerapat Technology PCL and its competitors. For the Chemicals 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. Peerapat Technology PCL's current Piotroski F-Score is 4, which is 33% 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 Peerapat Technology PCL stock overvalued right now?
Based on GuruFocus' analysis, Peerapat Technology PCL (BKK:PRAPAT) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.38, compared to a current price of ฿0.82 — trading 40.6% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Chemicals industry median of 5.00. Peerapat Technology PCL's overall GF Score™ is 76/100 with 6 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 Peerapat Technology PCL (BKK:PRAPAT), the current Piotroski F-Score is 4 as of Jun. 29, 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 Peerapat Technology PCL (BKK:PRAPAT) Overvalued in 2026?

Based on GuruFocus' analysis, Peerapat Technology PCL stock appears to be undervalued. The current stock price of ฿0.82 is trading 40.6% below its estimated GF Value™ of ฿1.38. GuruFocus considers Peerapat Technology PCL to be Possible Value Trap.

Key valuation signals for BKK:PRAPAT:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: ฿1.38 vs. price of ฿0.82 (40.6% below fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 20% below the Chemicals median (#1015 of 1563)

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


Peerapat Technology PCL Business Description

Address 406 Ratchadapisek Road, Kwaeng Samsen Nork, Khet Huaykwang, Bangkok, THA, 10310
Peerapat Technology PCL is principally engaged in the manufacture and distribution of powdered detergent and cleaning chemicals for industrial use, the distribution of energy-saving equipment, the distribution and rental of dishwashers, the distribution of swimming pools, and the provision of related services. The Group is organised into business units based on its products and services and has four reportable segments: Manufacture and distribution of cleaning chemicals segment, Distribution of energy saving equipment and services segment, Distribution of kitchen products and services segment, and Distribution of swimming pool products and services segment. The majority of its revenue is generated from the Manufacture and distribution of cleaning chemicals segment.
76GF Score

Get the complete analysis for BKK:PRAPAT

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

฿0.82
Price
฿1.38
GF Value