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Singer Thailand PCLBKK:SINGER-R +1.78%67 Piotroski F-Score is 5 as of Aug. 30, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates BKK:SINGER-R with a GF Score™ of 67/100 and a GF Value™ of ฿5.39 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 534 Credit Services companies, Singer Thailand PCL ranks better than 65.92% 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
Singer Thailand PCL 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 Singer Thailand PCL's Piotroski F-Score or its related term are showing as below:
BKK:SINGER-R'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 8
Current: 5
During the past 13 years, the highest Piotroski F-Score of Singer Thailand PCL was 8. The lowest was 1. And the median was 4.
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.
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.
Singer Thailand PCL Piotroski F-Score Related Terms
Singer Thailand PCL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Singer Thailand 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.
BKK:SINGER-R vs V, MA, AXP: Piotroski F-Score Comparison
For the Credit Services subindustry, Singer Thailand 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.
Singer Thailand PCL Piotroski F-Score vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Singer Thailand PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Singer Thailand PCL's Piotroski F-Score falls into.
* 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.
*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.
Singer Thailand PCL's current Net Income (TTM) was 411.
==> 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.
Singer Thailand PCL's return on assets of this year was 0.0259139. Singer Thailand PCL's return on assets of last year was -0.00584374.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Singer Thailand PCL's gearing of this year was 0.07967326. Singer Thailand PCL's gearing of last year was 0.03958939.
==> 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
Singer Thailand PCL's current ratio of this year was 11.79568664. Singer Thailand PCL's current ratio of last year was 31.14107994.
==> 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.
Singer Thailand PCL's number of shares in issue this year was 815.102. Singer Thailand PCL's number of shares in issue last year was 815.102.
==> 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.
Singer Thailand PCL's gross margin of this year was 0.79990482. Singer Thailand PCL's gross margin of last year was 0.83605636.
==> 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
Singer Thailand PCL's asset turnover of this year was 0.24658485. Singer Thailand PCL's asset turnover of last year was 0.15077535.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Singer Thailand PCL has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Singer Thailand PCL (BKK:SINGER-R) has a Piotroski F-Score of 5 as of Aug. 30, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Singer Thailand PCL and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, Singer Thailand PCL's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, Singer Thailand PCL ranks #182 out of 534 companies in the Credit Services industry, placing it in the top 34.1%.
Is Singer Thailand PCL's Piotroski F-Score too high?
Singer Thailand PCL's current Piotroski F-Score of 5 is 25% 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 Credit Services industry median Piotroski F-Score is 5.00. Singer Thailand PCL's value of 5 is 0% at this industry median. Based on the distribution chart, Singer Thailand PCL ranks #182 out of 534 companies in the Credit Services industry, which is above the industry midpoint. Overall, Singer Thailand PCL has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Singer Thailand PCL's Piotroski F-Score compare to V and MA?
According to the Credit Services industry distribution chart, Singer Thailand PCL ranks #182 out of 534 companies for Piotroski F-Score. This puts Singer Thailand PCL in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Singer Thailand PCL's value of 5 is 0% at this benchmark. Historically, Singer Thailand 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, Singer Thailand PCL has consistently been at 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 Credit Services company?
The median Piotroski F-Score among Credit Services companies is 5.00, based on 534 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. Singer Thailand PCL's current Piotroski F-Score of 5 is 0% at 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 Singer Thailand PCL and its competitors. For the Credit Services 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. Singer Thailand PCL's current Piotroski F-Score is 5, which is 25% 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 Singer Thailand PCL stock overvalued right now?
Based on GuruFocus' analysis, Singer Thailand PCL (BKK:SINGER-R) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿5.39, compared to a current price of ฿12.00 — trading 122.6% above its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Credit Services industry median of 5.00. Singer Thailand PCL's overall GF Score™ is 67/100 with 2 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 Singer Thailand PCL (BKK:SINGER-R), the current Piotroski F-Score is 5 as of Aug. 30, 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 Singer Thailand PCL (BKK:SINGER-R) Overvalued in 2026?
Based on GuruFocus' analysis, Singer Thailand PCL stock appears to be overvalued.
The current stock price of ฿12.00 is trading 122.6% above its estimated GF Value™ of ฿5.39.
GuruFocus considers Singer Thailand PCL to be Significantly Overvalued.
Key valuation signals for BKK:SINGER-R:
Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
GF Value™: ฿5.39 vs. price of ฿12.00 (122.6% above fair value)
Industry Position: 0% at the Credit Services median (#182 of 534)
No single metric tells the full story. See the BKK:SINGER-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Singer Thailand PCL activities include trade sales and hire-purchase of electronic appliances, commercial products, mobile phones, hire-purchase of vehicles, loan receivables with vehicle collateral, repair and maintenance services of electronic appliances, and providing life and non-life insurance brokerage. The Company distributes products under the Singer brand, including sewing machines and home electrical appliances, and also distributes commercial appliances, vending machines, and mobile telephone products and accessories. The Company operates through three segments: Trade sales, Hire purchase and loans, which generate maximum revenue; and Service and others. The Group is managed and operates principally in Thailand.
67GF Score
Get the complete analysis for BKK:SINGER-R
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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