Southern Concrete Pile PCL (BKK:SCP) Piotroski F-Score: 6 (As of Jul. 12, 2026) — Near Median


BKK:SCP Southern Concrete Pile PCL BKK:SCP
84 GF Score
Price ฿9.05
GF Value ฿7.99
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Southern Concrete Pile PCL Piotroski F-Score?

Southern Concrete Pile PCL BKK:SCP +0.56% 84 Piotroski F-Score is 6 as of Jul. 12, 2026, which is at its 10-year median of 6.00. GuruFocus rates BKK:SCP with a GF Score™ of 84/100 and a GF Value™ of ฿7.99 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 394 Building Materials companies, Southern Concrete Pile PCL ranks better than 68.02% 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

Southern Concrete Pile PCL has an F-score of 6 indicating the company's financial situation is typical for a stable company.

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

BKK:SCP' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of Southern Concrete Pile PCL was 9. The lowest was 4. And the median was 6.

Southern Concrete Pile PCL  (BKK:SCP) 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.


Southern Concrete Pile PCL Piotroski F-Score Related Terms


Southern Concrete Pile PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Southern Concrete Pile 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.

Southern Concrete Pile PCL Piotroski F-Score Chart

Southern Concrete Pile 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 7.00 7.00 7.00 6.00

Southern Concrete Pile 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 7.00 6.00 6.00 6.00

BKK:SCP vs CRH, VMC, MLM: Piotroski F-Score Comparison

For the Building Materials subindustry, Southern Concrete Pile 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.


Southern Concrete Pile PCL Piotroski F-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Southern Concrete Pile PCL's Piotroski F-Score distribution charts can be found below:

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


BKK:SCP
84GF Score
Southern Concrete Pile PCL BKK:SCP
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 101.885 + 96.753 + 12.103 + 97.457 = ฿308 Mil.
Cash Flow from Operations was 95.565 + 112.444 + 39.383 + 82.527 = ฿330 Mil.
Revenue was 645.237 + 609.005 + 494.901 + 655.049 = ฿2,404 Mil.
Gross Profit was 174.136 + 174.707 + 139.038 + 177.009 = ฿665 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2960.638 + 2693.917 + 2734.632 + 2681.935 + 2914.109) / 5 = ฿2797.0462 Mil.
Total Assets at the begining of this year (Mar25) was ฿2,961 Mil.
Long-Term Debt & Capital Lease Obligation was ฿33 Mil.
Total Current Assets was ฿2,229 Mil.
Total Current Liabilities was ฿526 Mil.
Net Income was 56.456 + 95.355 + 65.992 + 81.876 = ฿300 Mil.

Revenue was 458.098 + 630.135 + 537.626 + 503.904 = ฿2,130 Mil.
Gross Profit was 120.207 + 176.708 + 153.758 + 144.965 = ฿596 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2686.386 + 2620.161 + 2801.497 + 2789.901 + 2960.638) / 5 = ฿2771.7166 Mil.
Total Assets at the begining of last year (Mar24) was ฿2,686 Mil.
Long-Term Debt & Capital Lease Obligation was ฿46 Mil.
Total Current Assets was ฿2,278 Mil.
Total Current Liabilities was ฿451 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.

Southern Concrete Pile PCL's current Net Income (TTM) was 308. ==> 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.

Southern Concrete Pile PCL's current Cash Flow from Operations (TTM) was 330. ==> 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)
=308.198/2960.638
=0.10409851

ROA (Last Year)=Net Income/Total Assets (Mar24)
=299.679/2686.386
=0.11155471

Southern Concrete Pile PCL's return on assets of this year was 0.10409851. Southern Concrete Pile PCL's return on assets of last year was 0.11155471. ==> 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.

Southern Concrete Pile PCL's current Net Income (TTM) was 308. Southern Concrete Pile PCL's current Cash Flow from Operations (TTM) was 330. ==> 330 > 308 ==> 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
=32.643/2797.0462
=0.01167053

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=46.101/2771.7166
=0.01663265

Southern Concrete Pile PCL's gearing of this year was 0.01167053. Southern Concrete Pile PCL's gearing of last year was 0.01663265. ==> 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
=2229.084/525.517
=4.24169722

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2277.653/450.726
=5.05329846

Southern Concrete Pile PCL's current ratio of this year was 4.24169722. Southern Concrete Pile PCL's current ratio of last year was 5.05329846. ==> 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.

Southern Concrete Pile PCL's number of shares in issue this year was 282.3. Southern Concrete Pile PCL's number of shares in issue last year was 282.3. ==> 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
=664.89/2404.192
=0.27655445

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=595.638/2129.763
=0.27967337

Southern Concrete Pile PCL's gross margin of this year was 0.27655445. Southern Concrete Pile PCL's gross margin of last year was 0.27967337. ==> 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)
=2404.192/2960.638
=0.812052

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2129.763/2686.386
=0.79279858

Southern Concrete Pile PCL's asset turnover of this year was 0.812052. Southern Concrete Pile PCL's asset turnover of last year was 0.79279858. ==> 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+1+0+1+1+0+1+0+1
=6

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

Southern Concrete Pile PCL has an F-score of 6 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 6 mean?
Southern Concrete Pile PCL (BKK:SCP) has a Piotroski F-Score of 6 as of Jul. 12, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Southern Concrete Pile PCL and its competitors. This is near median its historical median of 6.00. Over the past decade, Southern Concrete Pile PCL's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Southern Concrete Pile PCL ranks #126 out of 394 companies in the Building Materials industry, placing it in the top 32%.
Is Southern Concrete Pile PCL's Piotroski F-Score too high?
Southern Concrete Pile PCL's current Piotroski F-Score of 6 is near 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 9.00. The Building Materials industry median Piotroski F-Score is 5.00. Southern Concrete Pile PCL's value of 6 is 20% above this industry median. Based on the distribution chart, Southern Concrete Pile PCL ranks #126 out of 394 companies in the Building Materials industry, which is above the industry midpoint. Overall, Southern Concrete Pile PCL has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Southern Concrete Pile PCL's Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Southern Concrete Pile PCL ranks #126 out of 394 companies for Piotroski F-Score. This puts Southern Concrete Pile PCL in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Southern Concrete Pile PCL's value of 6 is 20% above this benchmark. Historically, Southern Concrete Pile PCL's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Southern Concrete Pile 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 394 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. Southern Concrete Pile PCL's current Piotroski F-Score of 6 is 20% 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 Southern Concrete Pile PCL and its competitors. For the Building Materials 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. Southern Concrete Pile PCL's current Piotroski F-Score is 6, which is near 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 Southern Concrete Pile PCL stock overvalued right now?
Based on GuruFocus' analysis, Southern Concrete Pile PCL (BKK:SCP) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿7.99, compared to a current price of ฿9.05 — trading 13.3% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Building Materials industry median of 5.00. Southern Concrete Pile PCL's overall GF Score™ is 84/100 with 4 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 Southern Concrete Pile PCL (BKK:SCP), the current Piotroski F-Score is 6 as of Jul. 12, 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 Southern Concrete Pile PCL (BKK:SCP) Overvalued in 2026?

Based on GuruFocus' analysis, Southern Concrete Pile PCL stock appears to be overvalued. The current stock price of ฿9.05 is trading 13.3% above its estimated GF Value™ of ฿7.99. GuruFocus considers Southern Concrete Pile PCL to be Modestly Overvalued.

Key valuation signals for BKK:SCP:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: ฿7.99 vs. price of ฿9.05 (13.3% above fair value)
  • GF Score™: 84/100 with 4 warning signs
  • Industry Position: 20% above the Building Materials median (#126 of 394)

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


Southern Concrete Pile PCL Business Description

Address Soi Sukhumvit 63 (Ekamai), 555, 17th Floor, SSP Tower Building, North Klongton, Wattana, Bangkok, THA, 10110
Southern Concrete Pile PCL is engaged in the manufacture and distribution of pre-stressed concrete products. It is involved in a single segment of a Prestressed Concrete product involving manufacturing, sales, services, and installation. The company produces and supplies pre-stressed concrete products including pre-stressed concrete piles, pre-stressed concrete spun piles, precast concrete slabs, pre-stressed plank girders and retaining pre-stressed concrete piles; electricity concrete products, such as pre-stressed concrete poles, pre-stressed concrete cross-arms, pre-stressed concrete stubs, ground anchors and pole foundations, and drainage concrete products. Geographically, it operates in Thailand.
84GF Score

Get the complete analysis for BKK:SCP

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

฿9.05
Price
฿7.99
GF Value