PRG PCL (BKK:PRG-R) Piotroski F-Score: 4 (As of Jun. 27, 2026) — 20% Below Median


BKK:PRG-R PRG Corp PCL BKK:PRG-R
73 GF Score
Price ฿8.70
GF Value ฿8.74
! 11 Warning Signs
View Full Analysis

What is PRG PCL Piotroski F-Score?

PRG PCL BKK:PRG-R 73 Piotroski F-Score is 4 as of Jun. 27, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates BKK:PRG-R with a GF Score™ of 73/100 and a GF Value™ of ฿8.74. The stock has 11 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, PRG PCL ranks worse than 66.93% 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

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

BKK:PRG-R' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of PRG PCL was 8. The lowest was 2. And the median was 5.

PRG PCL  (BKK:PRG-R) 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.


PRG PCL Piotroski F-Score Related Terms


PRG PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for PRG 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.

PRG PCL Piotroski F-Score Chart

PRG 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 6.00 4.00 2.00 5.00 5.00

PRG 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 5.00 6.00 5.00 4.00

BKK:PRG-R vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, PRG 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.


PRG PCL Piotroski F-Score vs Consumer Packaged Goods Industry

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

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


BKK:PRG-R
73GF Score
PRG Corp PCL BKK:PRG-R
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 294.429 + 297.083 + 3.957 + 5.185 = ฿601 Mil.
Cash Flow from Operations was -116.369 + 37.74 + 196.807 + -235.655 = ฿-117 Mil.
Revenue was 621.288 + 723.229 + 634.601 + 546.091 = ฿2,525 Mil.
Gross Profit was 58.589 + 67.015 + 72.194 + 61.12 = ฿259 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(11527.031 + 11548.984 + 12064.893 + 11726.242 + 11738.442) / 5 = ฿11721.1184 Mil.
Total Assets at the begining of this year (Mar25) was ฿11,527 Mil.
Long-Term Debt & Capital Lease Obligation was ฿16 Mil.
Total Current Assets was ฿887 Mil.
Total Current Liabilities was ฿561 Mil.
Net Income was 216.096 + 238.406 + -12.555 + 1.832 = ฿444 Mil.

Revenue was 642.772 + 571.846 + 573.476 + 698.781 = ฿2,487 Mil.
Gross Profit was 49.371 + 50.694 + 46.735 + 57.529 = ฿204 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(11776.64 + 10807.237 + 12008.669 + 13377.617 + 11527.031) / 5 = ฿11899.4388 Mil.
Total Assets at the begining of last year (Mar24) was ฿11,777 Mil.
Long-Term Debt & Capital Lease Obligation was ฿9 Mil.
Total Current Assets was ฿821 Mil.
Total Current Liabilities was ฿499 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.

PRG PCL's current Net Income (TTM) was 601. ==> 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.

PRG PCL's current Cash Flow from Operations (TTM) was -117. ==> Negative ==> Score 0.

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)
=600.654/11527.031
=0.0521083

ROA (Last Year)=Net Income/Total Assets (Mar24)
=443.779/11776.64
=0.03768299

PRG PCL's return on assets of this year was 0.0521083. PRG PCL's return on assets of last year was 0.03768299. ==> 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.

PRG PCL's current Net Income (TTM) was 601. PRG PCL's current Cash Flow from Operations (TTM) was -117. ==> -117 <= 601 ==> CFROA <= ROA ==> Score 0.

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
=15.571/11721.1184
=0.00132846

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=9.418/11899.4388
=0.00079147

PRG PCL's gearing of this year was 0.00132846. PRG PCL's gearing of last year was 0.00079147. ==> 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
=886.81/560.683
=1.58166023

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=821.046/499.141
=1.64491797

PRG PCL's current ratio of this year was 1.58166023. PRG PCL's current ratio of last year was 1.64491797. ==> 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.

PRG PCL's number of shares in issue this year was 764.145. PRG PCL's number of shares in issue last year was 753.151. ==> 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
=258.918/2525.209
=0.1025333

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=204.329/2486.875
=0.08216296

PRG PCL's gross margin of this year was 0.1025333. PRG PCL's gross margin of last year was 0.08216296. ==> 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)
=2525.209/11527.031
=0.21906847

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2486.875/11776.64
=0.21117016

PRG PCL's asset turnover of this year was 0.21906847. PRG PCL's asset turnover of last year was 0.21117016. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+1+0+0+0+0+1+1
=4

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

PRG 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?
PRG PCL (BKK:PRG-R) has a Piotroski F-Score of 4 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PRG PCL and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, PRG PCL's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, PRG PCL ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 66.9%.
Is PRG PCL's Piotroski F-Score too high?
PRG PCL's current Piotroski F-Score of 4 is 20% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. PRG PCL's value of 4 is 20% below this industry median. Based on the distribution chart, PRG PCL ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, PRG PCL has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does PRG PCL's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, PRG PCL ranks #1279 out of 1911 companies for Piotroski F-Score. This places PRG PCL in the lower half of its industry. The industry median Piotroski F-Score is 5.00. PRG PCL's value of 4 is 20% below this benchmark. Historically, PRG PCL's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, PRG 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 1,911 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. PRG 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 PRG 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. PRG PCL's current Piotroski F-Score is 4, which is 20% 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 PRG PCL stock overvalued right now?
PRG PCL (BKK:PRG-R) has a current Piotroski F-Score of 4. The stock's GF Value™ is ฿8.74, compared to a current price of ฿8.70 — trading 0.5% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Consumer Packaged Goods industry median of 5.00. PRG PCL's overall GF Score™ is 73/100 with 11 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 PRG PCL (BKK:PRG-R), the current Piotroski F-Score is 4 as of Jun. 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 PRG PCL (BKK:PRG-R) Overvalued in 2026?

Based on GuruFocus' analysis, PRG PCL stock appears to be undervalued. The current stock price of ฿8.70 is trading 0.5% below its estimated GF Value™ of ฿8.74.

Key valuation signals for BKK:PRG-R:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: ฿8.74 vs. price of ฿8.70 (0.5% below fair value)
  • GF Score™: 73/100 with 11 warning signs
  • Industry Position: 20% below the Consumer Packaged Goods median (#1279 of 1911)

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


PRG PCL Business Description

Other Exchanges PRG:Thailand
Address 88, Moo 2, Tiwanont Road, Bangkadee Sub-District, Muang District, Pathumtani, THA, 12000
PRG Corp PCL is engaged in the processing and packaging of rice and related business. The company has three reportable segments: Improving the quality and packaging of milled rice including Organic rice, Japanese rice, Quinoa rice, White rice, Hom Mali rice, Maboonkrong rice, and other products; and Food Center business includes Suki Number One, MBK Food Island, The Fifth Food Avenue, and HINA Japanese Restaurant and Asset management. Geographically, it operates in Thailand, the United States, Canada, Europe, Asia Pacific, and other regions. PRG Corp PCL generates the majority of its revenue from Improving the quality and packaging of rice from the Thailand region.
73GF Score

Get the complete analysis for BKK:PRG-R

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

฿8.70
Price
฿8.74
GF Value