STC Concrete Product (BKK:STC) Piotroski F-Score: 5 (As of Jul. 04, 2026) — Near Median


BKK:STC STC Concrete Product PLC BKK:STC
51 GF Score
Price ฿0.59
GF Value ฿0.58
Valuation Fairly Valued
! 7 Warning Signs
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What is STC Concrete Product Piotroski F-Score?

STC Concrete Product BKK:STC +1.72% 51 Piotroski F-Score is 5 as of Jul. 04, 2026, which is at its 10-year median of 5.00. GuruFocus rates BKK:STC with a GF Score™ of 51/100 and a GF Value™ of ฿0.58 (Fairly Valued). The stock has 7 warning signs investors should review. Among 393 Building Materials companies, STC Concrete Product ranks better than 51.4% 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

STC Concrete Product 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 STC Concrete Product's Piotroski F-Score or its related term are showing as below:

BKK:STC' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 8
Current: 5

During the past 9 years, the highest Piotroski F-Score of STC Concrete Product was 8. The lowest was 3. And the median was 5.

STC Concrete Product  (BKK:STC) 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.


STC Concrete Product Piotroski F-Score Related Terms


STC Concrete Product Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for STC Concrete Product'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.

STC Concrete Product Piotroski F-Score Chart

STC Concrete Product Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only 5.00 6.00 5.00 7.00 5.00

STC Concrete Product 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 8.00 8.00 6.00 5.00 5.00

BKK:STC vs CRH, VMC, MLM: Piotroski F-Score Comparison

For the Building Materials subindustry, STC Concrete Product'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.


STC Concrete Product Piotroski F-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, STC Concrete Product's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where STC Concrete Product's Piotroski F-Score falls into.


BKK:STC
51GF Score
STC Concrete Product PLC BKK:STC
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 -5.066 + -1.642 + 10.641 + 3.516 = ฿7.4 Mil.
Cash Flow from Operations was 16.616 + 19.692 + 8.009 + 6.508 = ฿50.8 Mil.
Revenue was 115.987 + 128.455 + 161.665 + 141.232 = ฿547.3 Mil.
Gross Profit was 27.675 + 29.021 + 44.692 + 38.515 = ฿139.9 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(822.92 + 808.371 + 789.243 + 803.937 + 820.054) / 5 = ฿808.905 Mil.
Total Assets at the begining of this year (Mar25) was ฿822.9 Mil.
Long-Term Debt & Capital Lease Obligation was ฿52.2 Mil.
Total Current Assets was ฿253.2 Mil.
Total Current Liabilities was ฿373.5 Mil.
Net Income was 1.632 + 6.457 + 8.66 + 1.088 = ฿17.8 Mil.

Revenue was 123.636 + 159.741 + 156.134 + 132.93 = ฿572.4 Mil.
Gross Profit was 35.179 + 45.739 + 48.519 + 38.177 = ฿167.6 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(791.134 + 795.508 + 829.489 + 825.864 + 822.92) / 5 = ฿812.983 Mil.
Total Assets at the begining of last year (Mar24) was ฿791.1 Mil.
Long-Term Debt & Capital Lease Obligation was ฿71.7 Mil.
Total Current Assets was ฿245.9 Mil.
Total Current Liabilities was ฿356.1 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.

STC Concrete Product's current Net Income (TTM) was 7.4. ==> 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.

STC Concrete Product's current Cash Flow from Operations (TTM) was 50.8. ==> 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)
=7.449/822.92
=0.00905191

ROA (Last Year)=Net Income/Total Assets (Mar24)
=17.837/791.134
=0.02254612

STC Concrete Product's return on assets of this year was 0.00905191. STC Concrete Product's return on assets of last year was 0.02254612. ==> 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.

STC Concrete Product's current Net Income (TTM) was 7.4. STC Concrete Product's current Cash Flow from Operations (TTM) was 50.8. ==> 50.8 > 7.4 ==> 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
=52.2/808.905
=0.06453168

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=71.732/812.983
=0.08823309

STC Concrete Product's gearing of this year was 0.06453168. STC Concrete Product's gearing of last year was 0.08823309. ==> 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
=253.173/373.492
=0.67785388

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=245.859/356.071
=0.69047746

STC Concrete Product's current ratio of this year was 0.67785388. STC Concrete Product's current ratio of last year was 0.69047746. ==> 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.

STC Concrete Product's number of shares in issue this year was 568. STC Concrete Product's number of shares in issue last year was 568. ==> 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
=139.903/547.339
=0.25560576

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=167.614/572.441
=0.29280572

STC Concrete Product's gross margin of this year was 0.25560576. STC Concrete Product's gross margin of last year was 0.29280572. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=547.339/822.92
=0.66511812

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=572.441/791.134
=0.72357022

STC Concrete Product's asset turnover of this year was 0.66511812. STC Concrete Product's asset turnover of last year was 0.72357022. ==> 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+0+1+1+0+1+0+0
=5

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

STC Concrete Product 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?
STC Concrete Product (BKK:STC) has a Piotroski F-Score of 5 as of Jul. 04, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on STC Concrete Product and its competitors. This is near median its historical median of 5.00. Over the past decade, STC Concrete Product's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, STC Concrete Product ranks #191 out of 393 companies in the Building Materials industry, placing it in the top 48.6%.
Is STC Concrete Product's Piotroski F-Score too high?
STC Concrete Product'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 3.00 to a high of 8.00. The Building Materials industry median Piotroski F-Score is 5.00. STC Concrete Product's value of 5 is 0% at this industry median. Based on the distribution chart, STC Concrete Product ranks #191 out of 393 companies in the Building Materials industry, which is above the industry midpoint. Overall, STC Concrete Product has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does STC Concrete Product's Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, STC Concrete Product ranks #191 out of 393 companies for Piotroski F-Score. This puts STC Concrete Product in the upper half of its industry. The industry median Piotroski F-Score is 5.00. STC Concrete Product's value of 5 is 0% at this benchmark. Historically, STC Concrete Product's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, STC Concrete Product 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, 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. STC Concrete Product'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 STC Concrete Product and its competitors. For the Building Materials 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. STC Concrete Product'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 STC Concrete Product stock overvalued right now?
Based on GuruFocus' analysis, STC Concrete Product (BKK:STC) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.58, compared to a current price of ฿0.59 — trading 1.7% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Building Materials industry median of 5.00. STC Concrete Product's overall GF Score™ is 51/100 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 STC Concrete Product (BKK:STC), the current Piotroski F-Score is 5 as of Jul. 04, 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 STC Concrete Product (BKK:STC) Overvalued in 2026?

Based on GuruFocus' analysis, STC Concrete Product stock appears to be overvalued. The current stock price of ฿0.59 is trading 1.7% above its estimated GF Value™ of ฿0.58. GuruFocus considers STC Concrete Product to be Fairly Valued.

Key valuation signals for BKK:STC:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: ฿0.58 vs. price of ฿0.59 (1.7% above fair value)
  • GF Score™: 51/100 with 7 warning signs
  • Industry Position: 0% at the Building Materials median (#191 of 393)

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


STC Concrete Product Business Description

Address 220/26 Moo 6, Sukhumvit Road, Nakluea Sub-District, Banglamung District, Chonburi, THA, 20150
STC Concrete Product PLC is engaged in the manufacture and sales of ready-mixed concrete and aggregate. Its products include ready mixed concrete, concrete drainage pipes, precast concrete slabs, prestressed concrete piles, moisture resistant lightweight concrete blocks, and prefabricated fence panels. It operates in single segment of manufacturing and selling of ready-mixed concrete and aggregate and the single geographical area of its operations is Thailand.
51GF Score

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

฿0.59
Price
฿0.58
GF Value