Samart Digital PCL (BKK:SDC) Piotroski F-Score: 7 (As of Jun. 24, 2026) — 75% Above Median


What is Samart Digital PCL Piotroski F-Score?

Samart Digital PCL BKK:SDC +50.00% Piotroski F-Score is 7 as of Jun. 24, 2026, which is 75% above its 10-year median of 4.00. The stock has 6 warning signs investors should review. Among 2,425 Hardware companies, Samart Digital PCL ranks better than 91.05% 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

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

BKK:SDC' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 4   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of Samart Digital PCL was 8. The lowest was 1. And the median was 4.

Samart Digital PCL  (BKK:SDC) 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.


Samart Digital PCL Piotroski F-Score Related Terms


Samart Digital PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Samart Digital 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.

Samart Digital PCL Piotroski F-Score Chart

Samart Digital 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 1.00 5.00 7.00 6.00 8.00

Samart Digital 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 4.00 7.00 6.00 8.00 7.00

BKK:SDC vs CSCO, CIEN, MSI: Piotroski F-Score Comparison

For the Communication Equipment subindustry, Samart Digital 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.


Samart Digital PCL Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, Samart Digital PCL's Piotroski F-Score distribution charts can be found below:

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


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 14.616 + 17.435 + 10.999 + -21.825 = ฿21.2 Mil.
Cash Flow from Operations was 6.965 + 315.425 + 16.996 + -26.207 = ฿313.2 Mil.
Revenue was 140.86 + 140.869 + 116.861 + 114.207 = ฿512.8 Mil.
Gross Profit was 53.453 + 53.599 + 48.195 + 47.723 = ฿203.0 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3130.283 + 3149.49 + 3016.75 + 2947.448 + 2890.446) / 5 = ฿3026.8834 Mil.
Total Assets at the begining of this year (Mar25) was ฿3,130.3 Mil.
Long-Term Debt & Capital Lease Obligation was ฿4.2 Mil.
Total Current Assets was ฿727.3 Mil.
Total Current Liabilities was ฿2,448.6 Mil.
Net Income was -17.834 + 27.041 + 14.163 + 18.514 = ฿41.9 Mil.

Revenue was 109.263 + 164.093 + 184.976 + 140.475 = ฿598.8 Mil.
Gross Profit was 30.776 + 75.299 + 58.52 + 58.948 = ฿223.5 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4135.984 + 3347.21 + 3335.334 + 3192.851 + 3130.283) / 5 = ฿3428.3324 Mil.
Total Assets at the begining of last year (Mar24) was ฿4,136.0 Mil.
Long-Term Debt & Capital Lease Obligation was ฿3.5 Mil.
Total Current Assets was ฿770.6 Mil.
Total Current Liabilities was ฿2,716.6 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.

Samart Digital PCL's current Net Income (TTM) was 21.2. ==> 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.

Samart Digital PCL's current Cash Flow from Operations (TTM) was 313.2. ==> 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)
=21.225/3130.283
=0.00678054

ROA (Last Year)=Net Income/Total Assets (Mar24)
=41.884/4135.984
=0.01012673

Samart Digital PCL's return on assets of this year was 0.00678054. Samart Digital PCL's return on assets of last year was 0.01012673. ==> 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.

Samart Digital PCL's current Net Income (TTM) was 21.2. Samart Digital PCL's current Cash Flow from Operations (TTM) was 313.2. ==> 313.2 > 21.2 ==> 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
=4.189/3026.8834
=0.00138393

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3.455/3428.3324
=0.00100778

Samart Digital PCL's gearing of this year was 0.00138393. Samart Digital PCL's gearing of last year was 0.00100778. ==> 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
=727.259/2448.607
=0.29700928

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=770.581/2716.604
=0.28365599

Samart Digital PCL's current ratio of this year was 0.29700928. Samart Digital PCL's current ratio of last year was 0.28365599. ==> 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.

Samart Digital PCL's number of shares in issue this year was 34516.369. Samart Digital PCL's number of shares in issue last year was 34516.369. ==> 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
=202.97/512.797
=0.39580965

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=223.543/598.807
=0.37331394

Samart Digital PCL's gross margin of this year was 0.39580965. Samart Digital PCL's gross margin of last year was 0.37331394. ==> 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)
=512.797/3130.283
=0.1638181

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=598.807/4135.984
=0.14477982

Samart Digital PCL's asset turnover of this year was 0.1638181. Samart Digital PCL's asset turnover of last year was 0.14477982. ==> 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+0+1+1+1+1
=7

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

Samart Digital 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?
Samart Digital PCL (BKK:SDC) has a Piotroski F-Score of 7 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Samart Digital PCL and its competitors. This is 75% above median its historical median of 4.00. Over the past decade, Samart Digital PCL's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Samart Digital PCL ranks #217 out of 2425 companies in the Hardware industry, placing it in the top 8.9%.
Is Samart Digital PCL's Piotroski F-Score too high?
Samart Digital PCL's current Piotroski F-Score of 7 is 75% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Hardware industry median Piotroski F-Score is 5.00. Samart Digital PCL's value of 7 is 40% above this industry median. Based on the distribution chart, Samart Digital PCL ranks #217 out of 2425 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers.
How does Samart Digital PCL's Piotroski F-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Samart Digital PCL ranks #217 out of 2425 companies for Piotroski F-Score. This places Samart Digital PCL in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Samart Digital PCL's value of 7 is 40% above this benchmark. Historically, Samart Digital PCL's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Samart Digital 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,425 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. Samart Digital PCL's current Piotroski F-Score of 7 is 40% 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 Samart Digital PCL and its competitors. For the Hardware 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. Samart Digital PCL's current Piotroski F-Score is 7, which is 75% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Samart Digital PCL stock overvalued right now?
Based on GuruFocus' analysis, Samart Digital PCL (BKK:SDC) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿0.02, compared to a current price of ฿0.03 — trading 50% above its estimated fair value. The current Piotroski F-Score is 7, which is 75% above median its 10-year median of 4.00 and 40% above the Hardware industry median of 5.00. 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 Samart Digital PCL (BKK:SDC), the current Piotroski F-Score is 7 as of Jun. 24, 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.

Samart Digital PCL Business Description

Address Chaengwattana Road, No. 99/2, Moo 4, Software Park Building, 34th Floor, Klong Gluar, Pak-kred, Nonthaburi, THA, 11120
Samart Digital PCL is engaged in the distribution of telecommunications equipment and providing integrated business in the digital network and solutions. It has two segments. The Digital Network is engaged in the provision of Digital Trunked Radio systems and distribution equipment, audiovisual equipment network and software systems, and a mobile antenna services provider. Its Digital Content segment is engaged in the provision of voice services, audiovisual, and multimedia services, infotainment services through mobile phones, interactive media services, website services, entertainment services, and content providers through multimedia channels. The company generates maximum of its revenue from the Digital Network segment and geographically from Thailand.