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Smart Concrete PCLBKK:SMART-R -1.52%53 Piotroski F-Score is 5 as of Aug. 29, 2026, which is 29% below its 10-year median of 7.00. GuruFocus rates BKK:SMART-R with a GF Score™ of 53/100 and a GF Value™ of ฿0.49. The stock has 7 warning signs investors should review. Among 393 Building Materials companies, Smart Concrete PCL ranks worse than 52.42% 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
Smart Concrete 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 Smart Concrete PCL's Piotroski F-Score or its related term are showing as below:
BKK:SMART-R'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 9
Current: 5
During the past 13 years, the highest Piotroski F-Score of Smart Concrete PCL was 9. The lowest was 4. And the median was 7.
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.
Smart Concrete PCL Piotroski F-Score Related Terms
Smart Concrete PCL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Smart Concrete 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:SMART-R vs CRH, VMC, MLM: Piotroski F-Score Comparison
For the Building Materials subindustry, Smart Concrete 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.
Smart Concrete PCL Piotroski F-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Smart Concrete PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Smart Concrete 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.
Smart Concrete PCL's current Net Income (TTM) was 24.5.
==> 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.
Smart Concrete PCL's return on assets of this year was 0.03115871. Smart Concrete PCL's return on assets of last year was 0.08483164.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Smart Concrete PCL's gearing of this year was 0.02758519. Smart Concrete PCL's gearing of last year was 0.02814174.
==> 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
Smart Concrete PCL's current ratio of this year was 5.50510041. Smart Concrete PCL's current ratio of last year was 5.59665682.
==> 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.
Smart Concrete PCL's number of shares in issue this year was 1041.567. Smart Concrete PCL's number of shares in issue last year was 1041.567.
==> 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.
Smart Concrete PCL's gross margin of this year was 0.29182566. Smart Concrete PCL's gross margin of last year was 0.35568729.
==> 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
Smart Concrete PCL's asset turnover of this year was 0.52144909. Smart Concrete PCL's asset turnover of last year was 0.63186848.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Smart Concrete PCL has an F-score of 5 indicating the company's financial situation is typical for a stable company.
Smart Concrete PCL (BKK:SMART-R) has a Piotroski F-Score of 5 as of Aug. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Smart Concrete PCL and its competitors. This is 29% below median its historical median of 7.00. Over the past decade, Smart Concrete PCL's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Smart Concrete PCL ranks #206 out of 393 companies in the Building Materials industry, placing it in the top 52.4%.
Is Smart Concrete PCL's Piotroski F-Score too high?
Smart Concrete PCL's current Piotroski F-Score of 5 is 29% below median its 10-year median of 7.00. 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 6.00. Smart Concrete PCL's value of 5 is 16.7% below this industry median. Based on the distribution chart, Smart Concrete PCL ranks #206 out of 393 companies in the Building Materials industry, which is below the industry midpoint. Overall, Smart Concrete PCL has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Smart Concrete PCL's Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Smart Concrete PCL ranks #206 out of 393 companies for Piotroski F-Score. This places Smart Concrete PCL in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Smart Concrete PCL's value of 5 is 16.7% below this benchmark. Historically, Smart Concrete 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 7.00 vs. the industry median of 6.00, Smart Concrete PCL 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 6.00, based on 393 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. Smart Concrete PCL'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 Smart Concrete PCL and its competitors. For the Building Materials 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. Smart Concrete PCL's current Piotroski F-Score is 5, which is 29% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Concrete PCL stock overvalued right now?
Smart Concrete PCL (BKK:SMART-R) has a current Piotroski F-Score of 5. The stock's GF Value™ is ฿0.49, compared to a current price of ฿0.65 — trading 32.7% above its estimated fair value. The current Piotroski F-Score is 5, which is 29% below median its 10-year median of 7.00 and 16.7% below the Building Materials industry median of 6.00. Smart Concrete PCL's overall GF Score™ is 53/100 with 7 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 Smart Concrete PCL (BKK:SMART-R), the current Piotroski F-Score is 5 as of Aug. 29, 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 Smart Concrete PCL (BKK:SMART-R) Overvalued in 2026?
Based on GuruFocus' analysis, Smart Concrete PCL stock appears to be overvalued.
The current stock price of ฿0.65 is trading 32.7% above its estimated GF Value™ of ฿0.49.
Key valuation signals for BKK:SMART-R:
Piotroski F-Score: 5 (29% below median its 10-year median of 7.00)
GF Value™: ฿0.49 vs. price of ฿0.65 (32.7% above fair value)
Industry Position: 16.7% below the Building Materials median (#206 of 393)
No single metric tells the full story. See the BKK:SMART-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart Concrete PCL is engaged in the manufacturing and sale of products related to autoclaved aerated concrete blocks for use in construction. The company's product line includes construction and decorative products, such as lightweight concrete blocks, SmartBlock G4, decorative ventilation blocks, Smart Blocks, and Smart Lintel precast lintels. The company operates in Thailand.
53GF Score
Get the complete analysis for BKK:SMART-R
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