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Tanachira Retail PCLBKK:TAN 63 Piotroski F-Score is 3 as of Aug. 18, 2026, which is 40% below its 10-year median of 5.00. GuruFocus rates BKK:TAN with a GF Score™ of 63/100 and a GF Value™ of ฿5.90 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,103 Retail - Cyclical companies, Tanachira Retail PCL ranks worse than 86.85% on this metric.
Warning Sign:
Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Tanachira Retail PCL has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for Tanachira Retail PCL's Piotroski F-Score or its related term are showing as below:
BKK:TAN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 9
Current: 3
During the past 6 years, the highest Piotroski F-Score of Tanachira Retail PCL was 9. The lowest was 3. And the median was 5.
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.
Tanachira Retail PCL Piotroski F-Score Related Terms
Tanachira Retail PCL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Tanachira Retail 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 Luxury Goods subindustry, Tanachira Retail 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.
Tanachira Retail PCL Piotroski F-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Tanachira Retail PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Tanachira Retail 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.
Tanachira Retail PCL's current Net Income (TTM) was 47.
==> 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.
Tanachira Retail PCL's return on assets of this year was 0.01707895. Tanachira Retail PCL's return on assets of last year was 0.04563315.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Tanachira Retail PCL's gearing of this year was 0.10916921. Tanachira Retail PCL's gearing of last year was 0.0989984.
==> 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
Tanachira Retail PCL's current ratio of this year was 1.34273202. Tanachira Retail PCL's current ratio of last year was 1.38091133.
==> 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.
Tanachira Retail PCL's number of shares in issue this year was 308.738. Tanachira Retail PCL's number of shares in issue last year was 299.292.
==> There is larger number of shares in issue this year. ==> Score 0.
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.
Tanachira Retail PCL's gross margin of this year was 0.62645448. Tanachira Retail PCL's gross margin of last year was 0.64556388.
==> 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
Tanachira Retail PCL's asset turnover of this year was 0.67905599. Tanachira Retail PCL's asset turnover of last year was 0.7378607.
==> 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
Tanachira Retail PCL has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Tanachira Retail PCL (BKK:TAN) has a Piotroski F-Score of 3 as of Aug. 18, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Tanachira Retail PCL and its competitors. This is 40% below median its historical median of 5.00. Over the past decade, Tanachira Retail PCL's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Tanachira Retail PCL ranks #958 out of 1103 companies in the Retail - Cyclical industry, placing it in the top 86.9%.
Is Tanachira Retail PCL's Piotroski F-Score too high?
Tanachira Retail PCL's current Piotroski F-Score of 3 is 40% 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 Retail - Cyclical industry median Piotroski F-Score is 6.00. Tanachira Retail PCL's value of 3 is 50% below this industry median. Based on the distribution chart, Tanachira Retail PCL ranks #958 out of 1103 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Tanachira Retail PCL has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tanachira Retail PCL's Piotroski F-Score compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Tanachira Retail PCL ranks #958 out of 1103 companies for Piotroski F-Score. This places Tanachira Retail PCL in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Tanachira Retail PCL's value of 3 is 50% below this benchmark. Historically, Tanachira Retail 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 6.00, Tanachira Retail 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 6.00, based on 1,103 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. Tanachira Retail PCL's current Piotroski F-Score of 3 is 50% 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 Tanachira Retail PCL and its competitors. For the Retail - Cyclical 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. Tanachira Retail PCL's current Piotroski F-Score is 3, which is 40% 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 Tanachira Retail PCL stock overvalued right now?
Based on GuruFocus' analysis, Tanachira Retail PCL (BKK:TAN) is currently considered Possible Value Trap. The stock's GF Value™ is ฿5.90, compared to a current price of ฿4.06 — trading 31.2% below its estimated fair value. The current Piotroski F-Score is 3, which is 40% below median its 10-year median of 5.00 and 50% below the Retail - Cyclical industry median of 6.00. Tanachira Retail PCL's overall GF Score™ is 63/100 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 Tanachira Retail PCL (BKK:TAN), the current Piotroski F-Score is 3 as of Aug. 18, 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 Tanachira Retail PCL (BKK:TAN) Overvalued in 2026?
Based on GuruFocus' analysis, Tanachira Retail PCL stock appears to be undervalued.
The current stock price of ฿4.06 is trading 31.2% below its estimated GF Value™ of ฿5.90.
GuruFocus considers Tanachira Retail PCL to be Possible Value Trap.
Key valuation signals for BKK:TAN:
Piotroski F-Score: 3 (40% below median its 10-year median of 5.00)
GF Value™: ฿5.90 vs. price of ฿4.06 (31.2% below fair value)
Industry Position: 50% below the Retail - Cyclical median (#958 of 1103)
No single metric tells the full story. See the BKK:TAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tanachira Retail Corp PCL engaged in the distribution of gemstone jewelry and food and beverage products. The Company operates through four segments: Lifestyle business, which generates the majority of the revenue; Fashion business; Beauty and wellness business; and Food and beverage business.
63GF Score
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