PTG Energy PCL (BKK:PTG) Piotroski F-Score: 7 (As of Jul. 18, 2026) — 17% Above Median

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BKK:PTG PTG Energy PCL BKK:PTG
88 GF Score
Price ฿7.85
GF Value ฿9.39
Valuation Modestly Undervalued
! 8 Warning Signs
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What is PTG Energy PCL Piotroski F-Score?

PTG Energy PCL BKK:PTG +0.64% 88 Piotroski F-Score is 7 as of Jul. 18, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates BKK:PTG with a GF Score™ of 88/100 and a GF Value™ of ฿9.39 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,098 Retail - Cyclical companies, PTG Energy PCL ranks better than 90.98% on this metric.

Good Sign:

Piotroski F-Score is 7, 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

PTG Energy PCL has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

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

BKK:PTG' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of PTG Energy PCL was 8. The lowest was 4. And the median was 6.

PTG Energy PCL  (BKK:PTG) 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.


PTG Energy PCL Piotroski F-Score Related Terms


PTG Energy PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for PTG Energy 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.

PTG Energy PCL Piotroski F-Score Chart

PTG Energy 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 5.00 6.00 7.00 7.00 6.00

PTG Energy 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 5.00 6.00 5.00 6.00 7.00

BKK:PTG vs CASY, WSM, DKS: Piotroski F-Score Comparison

For the Specialty Retail subindustry, PTG Energy 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.


PTG Energy PCL Piotroski F-Score vs Retail - Cyclical Industry

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

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


BKK:PTG
88GF Score
PTG Energy PCL BKK:PTG
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 312.003 + 205.105 + 314.288 + -205.373 = ฿626 Mil.
Cash Flow from Operations was 2137.771 + 1073.604 + 898.922 + 2333.716 = ฿6,444 Mil.
Revenue was 56495.69 + 53705.668 + 56732.908 + 56832.89 = ฿223,767 Mil.
Gross Profit was 4341.043 + 4425.904 + 4697.578 + 4268.393 = ฿17,733 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(53361.903 + 54159.703 + 55205.092 + 56691.43 + 57874.754) / 5 = ฿55458.5764 Mil.
Total Assets at the begining of this year (Mar25) was ฿53,362 Mil.
Long-Term Debt & Capital Lease Obligation was ฿22,965 Mil.
Total Current Assets was ฿9,250 Mil.
Total Current Liabilities was ฿22,752 Mil.
Net Income was 465.517 + 70.19 + 228.393 + 190.045 = ฿954 Mil.

Revenue was 57775.057 + 54395.297 + 58680.676 + 57407.031 = ฿228,258 Mil.
Gross Profit was 3886.055 + 3532.6 + 3808.741 + 4024.665 = ฿15,252 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(47728.337 + 48323.114 + 49592.046 + 51752.412 + 53361.903) / 5 = ฿50151.5624 Mil.
Total Assets at the begining of last year (Mar24) was ฿47,728 Mil.
Long-Term Debt & Capital Lease Obligation was ฿21,144 Mil.
Total Current Assets was ฿7,833 Mil.
Total Current Liabilities was ฿21,730 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.

PTG Energy PCL's current Net Income (TTM) was 626. ==> 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.

PTG Energy PCL's current Cash Flow from Operations (TTM) was 6,444. ==> 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)
=626.023/53361.903
=0.01173165

ROA (Last Year)=Net Income/Total Assets (Mar24)
=954.145/47728.337
=0.01999116

PTG Energy PCL's return on assets of this year was 0.01173165. PTG Energy PCL's return on assets of last year was 0.01999116. ==> 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.

PTG Energy PCL's current Net Income (TTM) was 626. PTG Energy PCL's current Cash Flow from Operations (TTM) was 6,444. ==> 6,444 > 626 ==> 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
=22965.039/55458.5764
=0.41409355

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=21144.13/50151.5624
=0.42160461

PTG Energy PCL's gearing of this year was 0.41409355. PTG Energy PCL's gearing of last year was 0.42160461. ==> 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
=9249.844/22752.397
=0.40654371

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=7832.841/21729.725
=0.36046664

PTG Energy PCL's current ratio of this year was 0.40654371. PTG Energy PCL's current ratio of last year was 0.36046664. ==> 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.

PTG Energy PCL's number of shares in issue this year was 1669.998. PTG Energy PCL's number of shares in issue last year was 1727.682. ==> 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
=17732.918/223767.156
=0.07924719

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=15252.061/228258.061
=0.06681938

PTG Energy PCL's gross margin of this year was 0.07924719. PTG Energy PCL's gross margin of last year was 0.06681938. ==> 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)
=223767.156/53361.903
=4.19338786

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=228258.061/47728.337
=4.78244321

PTG Energy PCL's asset turnover of this year was 4.19338786. PTG Energy PCL's asset turnover of last year was 4.78244321. ==> 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+1+1+1+0
=7

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

PTG Energy PCL has an F-score of 7. 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 7 mean?
PTG Energy PCL (BKK:PTG) has a Piotroski F-Score of 7 as of Jul. 18, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PTG Energy PCL and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, PTG Energy PCL's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, PTG Energy PCL ranks #99 out of 1098 companies in the Retail - Cyclical industry, placing it in the top 9%.
Is PTG Energy PCL's Piotroski F-Score too high?
PTG Energy PCL's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. 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. PTG Energy PCL's value of 7 is 16.7% above this industry median. Based on the distribution chart, PTG Energy PCL ranks #99 out of 1098 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, PTG Energy PCL has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PTG Energy PCL's Piotroski F-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, PTG Energy PCL ranks #99 out of 1098 companies for Piotroski F-Score. This places PTG Energy PCL in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. PTG Energy PCL's value of 7 is 16.7% above this benchmark. Historically, PTG Energy 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 6.00 vs. the industry median of 6.00, PTG Energy 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 1,098 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. PTG Energy PCL's current Piotroski F-Score of 7 is 16.7% 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 PTG Energy 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. PTG Energy PCL's current Piotroski F-Score is 7, which is 17% above 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 PTG Energy PCL stock overvalued right now?
Based on GuruFocus' analysis, PTG Energy PCL (BKK:PTG) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿9.39, compared to a current price of ฿7.85 — trading 16.4% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 16.7% above the Retail - Cyclical industry median of 6.00. PTG Energy PCL's overall GF Score™ is 88/100 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 PTG Energy PCL (BKK:PTG), the current Piotroski F-Score is 7 as of Jul. 18, 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 PTG Energy PCL (BKK:PTG) Overvalued in 2026?

Based on GuruFocus' analysis, PTG Energy PCL stock appears to be undervalued. The current stock price of ฿7.85 is trading 16.4% below its estimated GF Value™ of ฿9.39. GuruFocus considers PTG Energy PCL to be Modestly Undervalued.

Key valuation signals for BKK:PTG:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: ฿9.39 vs. price of ฿7.85 (16.4% below fair value)
  • GF Score™: 88/100 with 8 warning signs
  • Industry Position: 16.7% above the Retail - Cyclical median (#99 of 1098)

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


PTG Energy PCL Business Description

Address Ratchadapisek Road, 90, CW Tower A Building, 33rd Floor, Huay Kwang, Bangkok, THA, 10310
PTG Energy PCL engages in the trading of petroleum products, gas products, supplies and equipment for oil service stations, consumable products, automotive maintenance, transportation, e-Money services and renewable energy and investment business. Its businesses include Oil and Retail Business, LPG Business, Renewable Energy and Investment Business, Logistics Business, System and Equipment Management Business, Food and Beverage Business, Auto Care and Maintenance Services Business and Electronic Money Business (e-Money). The Group has four reporting segments comprising sales of petroleum products which generates majority of revenue, gas products and supplies and equipment for oil service stations, sales of consumable products and transportation business.
88GF Score

Get the complete analysis for BKK:PTG

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

฿7.85
Price
฿9.39
GF Value