Selic PCL (BKK:SELIC) Piotroski F-Score: 7 (As of Jul. 07, 2026) — 17% Above Median


BKK:SELIC Selic Corp PCL BKK:SELIC
85 GF Score
Price ฿2.76
GF Value ฿2.58
Valuation Fairly Valued
! 4 Warning Signs
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What is Selic PCL Piotroski F-Score?

Selic PCL BKK:SELIC -1.43% 85 Piotroski F-Score is 7 as of Jul. 07, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates BKK:SELIC with a GF Score™ of 85/100 and a GF Value™ of ฿2.58 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,562 Chemicals companies, Selic PCL ranks better than 90.08% 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

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

BKK:SELIC' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 9
Current: 7

During the past 11 years, the highest Piotroski F-Score of Selic PCL was 9. The lowest was 4. And the median was 6.

Selic PCL  (BKK:SELIC) 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.


Selic PCL Piotroski F-Score Related Terms


Selic PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Selic 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.

Selic PCL Piotroski F-Score Chart

Selic 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 4.00 6.00 9.00 7.00

Selic 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 6.00 7.00 7.00 7.00

BKK:SELIC vs LIN, SHW, ECL: Piotroski F-Score Comparison

For the Specialty Chemicals subindustry, Selic 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.


Selic PCL Piotroski F-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Selic PCL's Piotroski F-Score distribution charts can be found below:

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


BKK:SELIC
85GF Score
Selic Corp PCL BKK:SELIC
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 29.356 + 38.424 + 44.478 + 55.783 = ฿168 Mil.
Cash Flow from Operations was 114.939 + 52.388 + 100.905 + 117.504 = ฿386 Mil.
Revenue was 489.862 + 488.734 + 506.333 + 516.71 = ฿2,002 Mil.
Gross Profit was 162.279 + 153.47 + 172.343 + 178.045 = ฿666 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3337.87 + 3229.016 + 3177.849 + 3206.275 + 3277.752) / 5 = ฿3245.7524 Mil.
Total Assets at the begining of this year (Mar25) was ฿3,338 Mil.
Long-Term Debt & Capital Lease Obligation was ฿369 Mil.
Total Current Assets was ฿1,345 Mil.
Total Current Liabilities was ฿816 Mil.
Net Income was 30.351 + 20.901 + 33.466 + 34.867 = ฿120 Mil.

Revenue was 501.978 + 510.874 + 551.026 + 551.779 = ฿2,116 Mil.
Gross Profit was 146.7 + 138.263 + 170.856 + 180.722 = ฿637 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3153.886 + 3181.664 + 3319.691 + 3264.162 + 3337.87) / 5 = ฿3251.4546 Mil.
Total Assets at the begining of last year (Mar24) was ฿3,154 Mil.
Long-Term Debt & Capital Lease Obligation was ฿409 Mil.
Total Current Assets was ฿1,337 Mil.
Total Current Liabilities was ฿849 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.

Selic PCL's current Net Income (TTM) was 168. ==> 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.

Selic PCL's current Cash Flow from Operations (TTM) was 386. ==> 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)
=168.041/3337.87
=0.05034378

ROA (Last Year)=Net Income/Total Assets (Mar24)
=119.585/3153.886
=0.03791672

Selic PCL's return on assets of this year was 0.05034378. Selic PCL's return on assets of last year was 0.03791672. ==> 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.

Selic PCL's current Net Income (TTM) was 168. Selic PCL's current Cash Flow from Operations (TTM) was 386. ==> 386 > 168 ==> 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
=368.554/3245.7524
=0.11354963

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=408.818/3251.4546
=0.12573388

Selic PCL's gearing of this year was 0.11354963. Selic PCL's gearing of last year was 0.12573388. ==> 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
=1344.6/816.358
=1.64707151

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1336.632/848.746
=1.57483158

Selic PCL's current ratio of this year was 1.64707151. Selic PCL's current ratio of last year was 1.57483158. ==> 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.

Selic PCL's number of shares in issue this year was 669.061. Selic PCL's number of shares in issue last year was 661.508. ==> 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
=666.137/2001.639
=0.33279577

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=636.541/2115.657
=0.30087155

Selic PCL's gross margin of this year was 0.33279577. Selic PCL's gross margin of last year was 0.30087155. ==> 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)
=2001.639/3337.87
=0.59967554

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2115.657/3153.886
=0.6708096

Selic PCL's asset turnover of this year was 0.59967554. Selic PCL's asset turnover of last year was 0.6708096. ==> 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+1+1+1+1+0+1+0
=7

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

Selic 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?
Selic PCL (BKK:SELIC) has a Piotroski F-Score of 7 as of Jul. 07, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Selic PCL and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Selic PCL's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Selic PCL ranks #155 out of 1562 companies in the Chemicals industry, placing it in the top 9.9%.
Is Selic PCL's Piotroski F-Score too high?
Selic 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 9.00. The Chemicals industry median Piotroski F-Score is 5.00. Selic PCL's value of 7 is 40% above this industry median. Based on the distribution chart, Selic PCL ranks #155 out of 1562 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Selic PCL has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Selic PCL's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Selic PCL ranks #155 out of 1562 companies for Piotroski F-Score. This places Selic PCL in the top 10% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Selic PCL's value of 7 is 40% above this benchmark. Historically, Selic 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, Selic 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,562 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. Selic 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 Selic PCL and its competitors. For the Chemicals 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. Selic 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 Selic PCL stock overvalued right now?
Based on GuruFocus' analysis, Selic PCL (BKK:SELIC) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.58, compared to a current price of ฿2.76 — trading 7% above its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Chemicals industry median of 5.00. Selic PCL's overall GF Score™ is 85/100 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 Selic PCL (BKK:SELIC), the current Piotroski F-Score is 7 as of Jul. 07, 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 Selic PCL (BKK:SELIC) Overvalued in 2026?

Based on GuruFocus' analysis, Selic PCL stock appears to be overvalued. The current stock price of ฿2.76 is trading 7% above its estimated GF Value™ of ฿2.58. GuruFocus considers Selic PCL to be Fairly Valued.

Key valuation signals for BKK:SELIC:

  • Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
  • GF Value™: ฿2.58 vs. price of ฿2.76 (7% above fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 40% above the Chemicals median (#155 of 1562)

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


Selic PCL Business Description

Address 270 Liapkhlongphasicharoenfangtai Road, Nongkhaem, Bangkok, THA, 10160
Selic Corp PCL is engaged in the production and distribution of adhesives used in industry including self-adhesive labels and healthcare products for domestic and international markets. It operates in three segments namely Production and distribution of adhesive for industrial use, Production and distribution of self-adhesive labels, and Production and distribution of healthcare product. The company generates the majority of revenue from the Production and distribution of the self-adhesive labels segment. Geographically, it generates revenue from Asia, Australia, America, and Africa, with the majority of revenue generated from local markets.
85GF Score

Get the complete analysis for BKK:SELIC

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

฿2.76
Price
฿2.58
GF Value