Se-Education (BKK:SE-ED) Piotroski F-Score: 5 (As of Sep. 06, 2026) — Near Median

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BKK:SE-ED Se-Education PLC BKK:SE-ED
51 GF Score
Price ฿1.30
GF Value ฿1.77
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Se-Education Piotroski F-Score?

Se-Education BKK:SE-ED -0.76% 51 Piotroski F-Score is 5 as of Sep. 06, 2026, which is at its 10-year median of 5.00. GuruFocus rates BKK:SE-ED with a GF Score™ of 51/100 and a GF Value™ of ฿1.77 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,102 Retail - Cyclical companies, Se-Education ranks worse than 52.45% 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

Se-Education has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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

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

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

Se-Education  (BKK:SE-ED) 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.


Se-Education Piotroski F-Score Related Terms


Se-Education Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Se-Education'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.

Se-Education Piotroski F-Score Chart

Se-Education 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 4.00 6.00 7.00 4.00 5.00

Se-Education Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 5.00 5.00 6.00 5.00

BKK:SE-ED vs CASY, WSM, ULTA: Piotroski F-Score Comparison

For the Specialty Retail subindustry, Se-Education'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.


Se-Education Piotroski F-Score vs Retail - Cyclical Industry

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

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


BKK:SE-ED
51GF Score
Se-Education PLC BKK:SE-ED
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 (Jun26) TTM:Last Year (Jun25) TTM:
Net Income was -35.251 + -26.437 + -4.149 + 22.422 = ฿-43 Mil.
Cash Flow from Operations was 32.641 + 56.275 + -29.993 + 41.507 = ฿100 Mil.
Revenue was 392.838 + 415.91 + 470.949 + 528.459 = ฿1,808 Mil.
Gross Profit was 137.118 + 148.619 + 162.116 + 195.7 = ฿644 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(2782.427 + 2609.152 + 2699.101 + 2797.238 + 2811.089) / 5 = ฿2739.8014 Mil.
Total Assets at the begining of this year (Jun25) was ฿2,782 Mil.
Long-Term Debt & Capital Lease Obligation was ฿128 Mil.
Total Current Assets was ฿582 Mil.
Total Current Liabilities was ฿1,065 Mil.
Net Income was -24.658 + -31.01 + -8.994 + 37.653 = ฿-27 Mil.

Revenue was 426.802 + 411.838 + 509.301 + 576.046 = ฿1,924 Mil.
Gross Profit was 144.759 + 138.403 + 169.747 + 217.563 = ฿670 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(2718.972 + 2554.195 + 2618.979 + 2746.744 + 2782.427) / 5 = ฿2684.2634 Mil.
Total Assets at the begining of last year (Jun24) was ฿2,719 Mil.
Long-Term Debt & Capital Lease Obligation was ฿172 Mil.
Total Current Assets was ฿542 Mil.
Total Current Liabilities was ฿957 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.

Se-Education's current Net Income (TTM) was -43. ==> Negative ==> Score 0.

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.

Se-Education's current Cash Flow from Operations (TTM) was 100. ==> 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 (Jun25)
=-43.415/2782.427
=-0.01560328

ROA (Last Year)=Net Income/Total Assets (Jun24)
=-27.009/2718.972
=-0.00993353

Se-Education's return on assets of this year was -0.01560328. Se-Education's return on assets of last year was -0.00993353. ==> 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.

Se-Education's current Net Income (TTM) was -43. Se-Education's current Cash Flow from Operations (TTM) was 100. ==> 100 > -43 ==> 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: Jun26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun25 to Jun26
=128.232/2739.8014
=0.04680339

Gearing (Last Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=172.452/2684.2634
=0.06424556

Se-Education's gearing of this year was 0.04680339. Se-Education's gearing of last year was 0.06424556. ==> 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: Jun26)=Total Current Assets/Total Current Liabilities
=581.692/1065.271
=0.54605072

Current Ratio (Last Year: Jun25)=Total Current Assets/Total Current Liabilities
=542.151/956.868
=0.56658912

Se-Education's current ratio of this year was 0.54605072. Se-Education's current ratio of last year was 0.56658912. ==> 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.

Se-Education's number of shares in issue this year was 391.944. Se-Education's number of shares in issue last year was 391.944. ==> 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
=643.553/1808.156
=0.35591675

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=670.472/1923.987
=0.34848053

Se-Education's gross margin of this year was 0.35591675. Se-Education's gross margin of last year was 0.34848053. ==> 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 (Jun25)
=1808.156/2782.427
=0.6498485

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun24)
=1923.987/2718.972
=0.7076156

Se-Education's asset turnover of this year was 0.6498485. Se-Education's asset turnover of last year was 0.7076156. ==> 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
=0+1+0+1+1+0+1+1+0
=5

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

Se-Education has an F-score of 5 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 5 mean?
Se-Education (BKK:SE-ED) has a Piotroski F-Score of 5 as of Sep. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Se-Education and its competitors. This is near median its historical median of 5.00. Over the past decade, Se-Education's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Se-Education ranks #578 out of 1102 companies in the Retail - Cyclical industry, placing it in the top 52.5%.
Is Se-Education's Piotroski F-Score too high?
Se-Education's current Piotroski F-Score of 5 is near 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 Retail - Cyclical industry median Piotroski F-Score is 6.00. Se-Education's value of 5 is 16.7% below this industry median. Based on the distribution chart, Se-Education ranks #578 out of 1102 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Se-Education has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Se-Education's Piotroski F-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Se-Education ranks #578 out of 1102 companies for Piotroski F-Score. This places Se-Education in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Se-Education's value of 5 is 16.7% below this benchmark. Historically, Se-Education'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 6.00, Se-Education 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 6.00, based on 1,102 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. Se-Education's current Piotroski F-Score of 5 is 16.7% 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 Se-Education 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. Se-Education's current Piotroski F-Score is 5, which is near 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 Se-Education stock overvalued right now?
Based on GuruFocus' analysis, Se-Education (BKK:SE-ED) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿1.77, compared to a current price of ฿1.30 — trading 26.6% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 16.7% below the Retail - Cyclical industry median of 6.00. Se-Education's overall GF Score™ is 51/100 with 5 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 Se-Education (BKK:SE-ED), the current Piotroski F-Score is 5 as of Sep. 06, 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 Se-Education (BKK:SE-ED) Overvalued in 2026?

Based on GuruFocus' analysis, Se-Education stock appears to be undervalued. The current stock price of ฿1.30 is trading 26.6% below its estimated GF Value™ of ฿1.77. GuruFocus considers Se-Education to be Modestly Undervalued.

Key valuation signals for BKK:SE-ED:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: ฿1.77 vs. price of ฿1.30 (26.6% below fair value)
  • GF Score™: 51/100 with 5 warning signs
  • Industry Position: 16.7% below the Retail - Cyclical median (#578 of 1102)

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


Se-Education Business Description

Address 1858/87- 90, Debaratana Road, Bangna Tai, Bangna, Bangkok, THA, 10260
Se-Education PLC operates its businesses in Thailand and is engaged in the following: Operate bookstores which consist of SE-ED Book Center and network stores and various university bookstores in Bangkok and other provinces as well as the network and sales area in various forms. Distribute books for both published by SE-ED and other publishers to bookstores all over the country and to other sales channels. Publish books by producing books and book printing. Plearnpattana School, which operates a private school offering courses for students from pre-kindergarten to Matayom 6. Its business segments include; Retail business, School business segment, and other distribution channels, which also generates key revenue. The company operates in the single geographic area in Thailand.
51GF Score

Get the complete analysis for BKK:SE-ED

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

฿1.30
Price
฿1.77
GF Value