SVOA PCL (BKK:SVOA-R) Piotroski F-Score: 4 (As of Jun. 26, 2026) — 20% Below Median


BKK:SVOA-R SVOA PCL BKK:SVOA-R
70 GF Score
Price ฿1.56
GF Value ฿1.70
! 12 Warning Signs
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What is SVOA PCL Piotroski F-Score?

SVOA PCL BKK:SVOA-R 70 Piotroski F-Score is 4 as of Jun. 26, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates BKK:SVOA-R with a GF Score™ of 70/100 and a GF Value™ of ฿1.70. The stock has 12 warning signs investors should review. Among 2,426 Hardware companies, SVOA PCL ranks worse than 62.2% 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

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

BKK:SVOA-R' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 5   Max: 9
Current: 4

During the past 13 years, the highest Piotroski F-Score of SVOA PCL was 9. The lowest was 3. And the median was 5.

SVOA PCL  (BKK:SVOA-R) 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.


SVOA PCL Piotroski F-Score Related Terms


SVOA PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for SVOA 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.

SVOA PCL Piotroski F-Score Chart

SVOA PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 3.00 7.00 4.00 4.00

SVOA PCL Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 4.00 5.00 4.00 4.00 4.00

BKK:SVOA-R vs SNX, ARW, AVT: Piotroski F-Score Comparison

For the Electronics & Computer Distribution subindustry, SVOA 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.


SVOA PCL Piotroski F-Score vs Hardware Industry

For the Hardware industry and Technology sector, SVOA PCL's Piotroski F-Score distribution charts can be found below:

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


BKK:SVOA-R
70GF Score
SVOA PCL BKK:SVOA-R
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 (Dec24) TTM:
Net Income was 48.754 + 36.258 + 60.953 + 88.28 = ฿234 Mil.
Cash Flow from Operations was -183.399 + -311.222 + 121.243 + -462.303 = ฿-836 Mil.
Revenue was 2041.458 + 2102.436 + 2340.899 + 3388.354 = ฿9,873 Mil.
Gross Profit was 195.913 + 192.601 + 204.797 + 262.251 = ฿856 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Mar26) was
(7223.469 + 7593.897 + 8010.452 + 7995.172 + 11297.176) / 5 = ฿8424.0332 Mil.
Total Assets at the begining of this year (Dec24) was ฿7,223 Mil.
Long-Term Debt & Capital Lease Obligation was ฿277 Mil.
Total Current Assets was ฿8,239 Mil.
Total Current Liabilities was ฿8,167 Mil.
Net Income was 38.808 + 17.179 + -97.634 + 66.924 = ฿25 Mil.

Revenue was 1755.804 + 1813.015 + 2109.411 + 2490.416 = ฿8,169 Mil.
Gross Profit was 151.028 + 167.887 + 195.742 + 215.373 = ฿730 Mil.
Average Total Assets from the begining of last year (Dec23)
to the end of last year (Dec24) was
(6636.048 + 6699.969 + 6855.284 + 7365.765 + 7223.469) / 5 = ฿6956.107 Mil.
Total Assets at the begining of last year (Dec23) was ฿6,636 Mil.
Long-Term Debt & Capital Lease Obligation was ฿191 Mil.
Total Current Assets was ฿4,993 Mil.
Total Current Liabilities was ฿4,449 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.

SVOA PCL's current Net Income (TTM) was 234. ==> 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.

SVOA PCL's current Cash Flow from Operations (TTM) was -836. ==> Negative ==> Score 0.

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 (Dec24)
=234.245/7223.469
=0.03242832

ROA (Last Year)=Net Income/Total Assets (Dec23)
=25.277/6636.048
=0.00380904

SVOA PCL's return on assets of this year was 0.03242832. SVOA PCL's return on assets of last year was 0.00380904. ==> 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.

SVOA PCL's current Net Income (TTM) was 234. SVOA PCL's current Cash Flow from Operations (TTM) was -836. ==> -836 <= 234 ==> CFROA <= ROA ==> Score 0.

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 Dec24 to Mar26
=277.43/8424.0332
=0.03293316

Gearing (Last Year: Dec24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec23 to Dec24
=190.838/6956.107
=0.0274346

SVOA PCL's gearing of this year was 0.03293316. SVOA PCL's gearing of last year was 0.0274346. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=8238.564/8166.696
=1.00880013

Current Ratio (Last Year: Dec24)=Total Current Assets/Total Current Liabilities
=4992.695/4448.53
=1.12232468

SVOA PCL's current ratio of this year was 1.00880013. SVOA PCL's current ratio of last year was 1.12232468. ==> 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.

SVOA PCL's number of shares in issue this year was 947. SVOA PCL's number of shares in issue last year was 947. ==> 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
=855.562/9873.147
=0.08665545

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=730.03/8168.646
=0.08936977

SVOA PCL's gross margin of this year was 0.08665545. SVOA PCL's gross margin of last year was 0.08936977. ==> 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 (Dec24)
=9873.147/7223.469
=1.36681517

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec23)
=8168.646/6636.048
=1.23095041

SVOA PCL's asset turnover of this year was 1.36681517. SVOA PCL's asset turnover of last year was 1.23095041. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+0+1+0+0+0+1+0+1
=4

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

SVOA PCL has an F-score of 4 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 4 mean?
SVOA PCL (BKK:SVOA-R) has a Piotroski F-Score of 4 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on SVOA PCL and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, SVOA PCL's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, SVOA PCL ranks #1509 out of 2426 companies in the Hardware industry, placing it in the top 62.2%.
Is SVOA PCL's Piotroski F-Score too high?
SVOA PCL's current Piotroski F-Score of 4 is 20% below 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 9.00. The Hardware industry median Piotroski F-Score is 5.00. SVOA PCL's value of 4 is 20% below this industry median. Based on the distribution chart, SVOA PCL ranks #1509 out of 2426 companies in the Hardware industry, which is below the industry midpoint. Overall, SVOA PCL has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does SVOA PCL's Piotroski F-Score compare to SNX and ARW?
According to the Hardware industry distribution chart, SVOA PCL ranks #1509 out of 2426 companies for Piotroski F-Score. This places SVOA PCL in the lower half of its industry. The industry median Piotroski F-Score is 5.00. SVOA PCL's value of 4 is 20% below this benchmark. Historically, SVOA PCL's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, SVOA 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 Hardware company?
The median Piotroski F-Score among Hardware companies is 5.00, based on 2,426 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. SVOA 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 SVOA PCL and its competitors. For the Hardware 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. SVOA PCL's current Piotroski F-Score is 4, which is 20% below 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 SVOA PCL stock overvalued right now?
SVOA PCL (BKK:SVOA-R) has a current Piotroski F-Score of 4. The stock's GF Value™ is ฿1.70, compared to a current price of ฿1.56 — trading 8.1% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 20% below the Hardware industry median of 5.00. SVOA PCL's overall GF Score™ is 70/100 with 12 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 SVOA PCL (BKK:SVOA-R), the current Piotroski F-Score is 4 as of Jun. 26, 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 SVOA PCL (BKK:SVOA-R) Overvalued in 2026?

Based on GuruFocus' analysis, SVOA PCL stock appears to be undervalued. The current stock price of ฿1.56 is trading 8.1% below its estimated GF Value™ of ฿1.70.

Key valuation signals for BKK:SVOA-R:

  • Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
  • GF Value™: ฿1.70 vs. price of ฿1.56 (8.1% below fair value)
  • GF Score™: 70/100 with 12 warning signs
  • Industry Position: 20% below the Hardware median (#1509 of 2426)

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


SVOA PCL Business Description

Other Exchanges SVOA:Thailand
Address Rama 3 Road, No. 1023, MS Siam Tower, 31st Floor, Chongnonsi, Yannawa, Bangkok, THA, 10120
SVOA PCL is a distributor of computer hardware and software, both imported and manufactured in-house under the SVOA Computer brand name. In addition, it provides consulting services for large-scale mainframe computer network systems and supplies computer products and accessories to government agencies, businesses, and educational institutions. The group's reportable segments are: IT Distribution, Systems Integration, IT Outsourcing Services, and IT Project. Maximum revenue is generated from the IT Distribution segment, which distributes IT equipment, software for designing applications, and computer operating systems, along with offering full maintenance and repair service solutions. Geographically, the group operates in Thailand only.
70GF Score

Get the complete analysis for BKK:SVOA-R

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

฿1.56
Price
฿1.70
GF Value