Tropical Canning (Thailand) PCLBKK:TC +0.83%81 Piotroski F-Score is 4 as of Jun. 26, 2026, which is 20% below its 10-year median of 5.00. GuruFocus rates BKK:TC with a GF Score™ of 81/100 and a GF Value™ of ฿6.45 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Tropical Canning (Thailand) PCL ranks worse than 66.93% 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
Tropical Canning (Thailand) 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 Tropical Canning (Thailand) PCL's Piotroski F-Score or its related term are showing as below:
BKK:TC'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 9
Current: 4
During the past 13 years, the highest Piotroski F-Score of Tropical Canning (Thailand) PCL was 9. The lowest was 1. 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.
Tropical Canning (Thailand) PCL Piotroski F-Score Related Terms
Tropical Canning (Thailand) PCL Piotroski F-Score Historical Data
* 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 Packaged Foods subindustry, Tropical Canning (Thailand) 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.
Tropical Canning (Thailand) PCL Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tropical Canning (Thailand) PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Tropical Canning (Thailand) 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.
Tropical Canning (Thailand) PCL's current Net Income (TTM) was 211.
==> 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.
Tropical Canning (Thailand) PCL's current Cash Flow from Operations (TTM) was 371.
==> 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.
Tropical Canning (Thailand) PCL's return on assets of this year was 0.05545617. Tropical Canning (Thailand) PCL's return on assets of last year was 0.08404739.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Tropical Canning (Thailand) PCL's gearing of this year was 0.02902092. Tropical Canning (Thailand) PCL's gearing of last year was 0.02409947.
==> 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
Tropical Canning (Thailand) PCL's current ratio of this year was 3.34242899. Tropical Canning (Thailand) PCL's current ratio of last year was 3.68182375.
==> 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.
Tropical Canning (Thailand) PCL's number of shares in issue this year was 327.53. Tropical Canning (Thailand) PCL's number of shares in issue last year was 328.363.
==> 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.
Tropical Canning (Thailand) PCL's gross margin of this year was 0.082265. Tropical Canning (Thailand) PCL's gross margin of last year was 0.10681616.
==> 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
Tropical Canning (Thailand) PCL's asset turnover of this year was 1.63266984. Tropical Canning (Thailand) PCL's asset turnover of last year was 1.77142986.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Tropical Canning (Thailand) PCL has an F-score of 4 indicating the company's financial situation is typical for a stable company.
Tropical Canning (Thailand) PCL (BKK:TC) 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 Tropical Canning (Thailand) PCL and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, Tropical Canning (Thailand) PCL's Piotroski F-Score has ranged from 1.00 to 9.00. According to the industry distribution chart, Tropical Canning (Thailand) PCL ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 66.9%.
Is Tropical Canning (Thailand) PCL's Piotroski F-Score too high?
Tropical Canning (Thailand) 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 1.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Tropical Canning (Thailand) PCL's value of 4 is 20% below this industry median. Based on the distribution chart, Tropical Canning (Thailand) PCL ranks #1279 out of 1911 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Tropical Canning (Thailand) PCL has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tropical Canning (Thailand) PCL's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Tropical Canning (Thailand) PCL ranks #1279 out of 1911 companies for Piotroski F-Score. This places Tropical Canning (Thailand) PCL in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Tropical Canning (Thailand) PCL's value of 4 is 20% below this benchmark. Historically, Tropical Canning (Thailand) PCL's own Piotroski F-Score has ranged from 1.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Tropical Canning (Thailand) 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Tropical Canning (Thailand) 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 Tropical Canning (Thailand) PCL and its competitors. For the Consumer Packaged Goods 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. Tropical Canning (Thailand) 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 Tropical Canning (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, Tropical Canning (Thailand) PCL (BKK:TC) is currently considered Fairly Valued. The stock's GF Value™ is ฿6.45, compared to a current price of ฿6.10 — trading 5.4% 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 Consumer Packaged Goods industry median of 5.00. Tropical Canning (Thailand) PCL's overall GF Score™ is 81/100 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 Tropical Canning (Thailand) PCL (BKK:TC), 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 Tropical Canning (Thailand) PCL (BKK:TC) Overvalued in 2026?
Based on GuruFocus' analysis, Tropical Canning (Thailand) PCL stock appears to be undervalued.
The current stock price of ฿6.10 is trading 5.4% below its estimated GF Value™ of ฿6.45.
GuruFocus considers Tropical Canning (Thailand) PCL to be Fairly Valued.
Key valuation signals for BKK:TC:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: ฿6.45 vs. price of ฿6.10 (5.4% below fair value)
Industry Position: 20% below the Consumer Packaged Goods median (#1279 of 1911)
No single metric tells the full story. See the BKK:TC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tropical Canning (Thailand) PCL Business Description
Tropical Canning (Thailand) PCL is engaged in the manufacturing and trading of canned and pouched seafood products. Its products are grouped as Domestic product groups, Tuna product group, Ready-to-eat processed product group, and Pet food group. Geographically, it operates in the Asia continent, excluding Thailand, the America continent, the European continent, the Australia continent, the Africa continent, and Thailand. The Asia continent, excluding Thailand segment, derives the majority of the revenue.
81GF Score
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