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Golden Lime PCLBKK:SUTHA +1.49%65 Piotroski F-Score is 4 as of Jul. 13, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates BKK:SUTHA with a GF Score™ of 65/100 and a GF Value™ of ฿2.40 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,563 Chemicals companies, Golden Lime PCL ranks worse than 65.13% 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
Golden Lime PCL has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Golden Lime PCL's Piotroski F-Score or its related term are showing as below:
BKK:SUTHA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 4
During the past 13 years, the highest Piotroski F-Score of Golden Lime PCL was 8. The lowest was 3. And the median was 6.
Golden Lime PCL (BKK:SUTHA) 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.
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.
Golden Lime PCL Piotroski F-Score Related Terms
Golden Lime PCL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Golden Lime 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.
For the Chemicals subindustry, Golden Lime 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.
Golden Lime PCL Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Golden Lime PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Golden Lime 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.
Golden Lime PCL's current Net Income (TTM) was -1.
==> 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.
Golden Lime PCL's return on assets of this year was -0.00034293. Golden Lime PCL's return on assets of last year was 0.02247298.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Golden Lime PCL's gearing of this year was 0.04488147. Golden Lime PCL's gearing of last year was 0.05938628.
==> 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
Golden Lime PCL's current ratio of this year was 0.83481643. Golden Lime PCL's current ratio of last year was 0.93563789.
==> 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.
Golden Lime PCL's number of shares in issue this year was 362.393. Golden Lime PCL's number of shares in issue last year was 362.393.
==> 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.
Golden Lime PCL's gross margin of this year was 0.26685409. Golden Lime PCL's gross margin of last year was 0.28059323.
==> 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
Golden Lime PCL's asset turnover of this year was 0.59074266. Golden Lime PCL's asset turnover of last year was 0.59403316.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Golden Lime PCL has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Golden Lime PCL (BKK:SUTHA) has a Piotroski F-Score of 4 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Golden Lime PCL and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, Golden Lime PCL's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Golden Lime PCL ranks #1018 out of 1563 companies in the Chemicals industry, placing it in the top 65.1%.
Is Golden Lime PCL's Piotroski F-Score too high?
Golden Lime PCL's current Piotroski F-Score of 4 is 33% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. Golden Lime PCL's value of 4 is 20% below this industry median. Based on the distribution chart, Golden Lime PCL ranks #1018 out of 1563 companies in the Chemicals industry, which is below the industry midpoint. Overall, Golden Lime PCL has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Golden Lime PCL's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, Golden Lime PCL ranks #1018 out of 1563 companies for Piotroski F-Score. This places Golden Lime PCL in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Golden Lime PCL's value of 4 is 20% below this benchmark. Historically, Golden Lime PCL'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 6.00 vs. the industry median of 5.00, Golden Lime 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,563 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. Golden Lime PCL's current Piotroski F-Score of 4 is 20% 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 Golden Lime 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. Golden Lime PCL's current Piotroski F-Score is 4, which is 33% below 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 Golden Lime PCL stock overvalued right now?
Based on GuruFocus' analysis, Golden Lime PCL (BKK:SUTHA) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿2.40, compared to a current price of ฿2.72 — trading 13.3% above its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 20% below the Chemicals industry median of 5.00. Golden Lime PCL's overall GF Score™ is 65/100 with 6 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 Golden Lime PCL (BKK:SUTHA), the current Piotroski F-Score is 4 as of Jul. 13, 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 Golden Lime PCL (BKK:SUTHA) Overvalued in 2026?
Based on GuruFocus' analysis, Golden Lime PCL stock appears to be overvalued.
The current stock price of ฿2.72 is trading 13.3% above its estimated GF Value™ of ฿2.40.
GuruFocus considers Golden Lime PCL to be Modestly Overvalued.
Key valuation signals for BKK:SUTHA:
Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
GF Value™: ฿2.40 vs. price of ฿2.72 (13.3% above fair value)
Industry Position: 20% below the Chemicals median (#1018 of 1563)
No single metric tells the full story. See the BKK:SUTHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Golden Lime PCL is a Thailand-based firm that is principally engaged in the manufacturing and distribution of chemical products and the supply, assembly, and installation of equipment. The company is organized into three business segments: The Limestone mining, and manufacture and distribution of industrial chemical products segment, from which the company generates its majority revenue; Engineering consulting services, and designs, supply, assembly, and installation of machinery and equipment segment; The marble mining, and production and distribution of marble products segment. Geographically, the company operates in Thailand and Foreign countries.
65GF Score
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