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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
Turnkey Communication Services 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 Turnkey Communication Services PCL's Piotroski F-Score or its related term are showing as below:
BKK:TKC'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 7
Current: 3
During the past 10 years, the highest Piotroski F-Score of Turnkey Communication Services PCL was 7. The lowest was 1. And the median was 4.
Turnkey Communication Services PCL (BKK:TKC) 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.
Turnkey Communication Services PCL Piotroski F-Score Related Terms
Turnkey Communication Services 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.
Turnkey Communication Services PCL Piotroski F-Score Chart
BKK:TKC vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, Turnkey Communication Services 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.
Turnkey Communication Services PCL Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, Turnkey Communication Services PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Turnkey Communication Services 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.
Turnkey Communication Services PCL's current Net Income (TTM) was 178.
==> 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.
Turnkey Communication Services PCL's current Cash Flow from Operations (TTM) was 38.
==> 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.
Turnkey Communication Services PCL's return on assets of this year was 0.03102987. Turnkey Communication Services PCL's return on assets of last year was 0.03084182.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Turnkey Communication Services PCL's gearing of this year was 0.07640713. Turnkey Communication Services PCL's gearing of last year was 0.0074901.
==> 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
Turnkey Communication Services PCL's current ratio of this year was 1.75660372. Turnkey Communication Services PCL's current ratio of last year was 1.90568973.
==> 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.
Turnkey Communication Services PCL's number of shares in issue this year was 413.736. Turnkey Communication Services PCL's number of shares in issue last year was 395.262.
==> 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.
Turnkey Communication Services PCL's gross margin of this year was 0.11672334. Turnkey Communication Services PCL's gross margin of last year was 0.13786683.
==> 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
Turnkey Communication Services PCL's asset turnover of this year was 0.34672405. Turnkey Communication Services PCL's asset turnover of last year was 0.4245299.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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3
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Turnkey Communication Services PCL has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
Turnkey Communication Services PCL (BKK:TKC) has a Piotroski F-Score of 3 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Turnkey Communication Services PCL and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, Turnkey Communication Services PCL's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, Turnkey Communication Services PCL ranks #1418 out of 1730 companies in the Construction industry, placing it in the top 82%.
Is Turnkey Communication Services PCL's Piotroski F-Score too high?
Turnkey Communication Services PCL's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Construction industry median Piotroski F-Score is 5.00. Turnkey Communication Services PCL's value of 3 is 40% below this industry median. Based on the distribution chart, Turnkey Communication Services PCL ranks #1418 out of 1730 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Turnkey Communication Services PCL has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Turnkey Communication Services PCL's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Turnkey Communication Services PCL ranks #1418 out of 1730 companies for Piotroski F-Score. This places Turnkey Communication Services PCL in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Turnkey Communication Services PCL's value of 3 is 40% below this benchmark. Historically, Turnkey Communication Services PCL's own Piotroski F-Score has ranged from 1.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, Turnkey Communication Services 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,730 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. Turnkey Communication Services PCL's current Piotroski F-Score of 3 is 40% 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 Turnkey Communication Services PCL and its competitors. For the Construction 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. Turnkey Communication Services PCL's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turnkey Communication Services PCL stock overvalued right now?
Based on GuruFocus' analysis, Turnkey Communication Services PCL (BKK:TKC) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿7.34, compared to a current price of ฿8.70 — trading 18.5% above its estimated fair value. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Construction industry median of 5.00. Turnkey Communication Services PCL's overall GF Score™ is 71/100 with 11 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 Turnkey Communication Services PCL (BKK:TKC), the current Piotroski F-Score is 3 as of Jul. 14, 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 Turnkey Communication Services PCL (BKK:TKC) Overvalued in 2026?
Based on GuruFocus' analysis, Turnkey Communication Services PCL stock appears to be overvalued.
The current stock price of ฿8.70 is trading 18.5% above its estimated GF Value™ of ฿7.34.
GuruFocus considers Turnkey Communication Services PCL to be Modestly Overvalued.
Key valuation signals for BKK:TKC:
Piotroski F-Score: 3 (25% below median its 10-year median of 4.00)
GF Value™: ฿7.34 vs. price of ฿8.70 (18.5% above fair value)
Industry Position: 40% below the Construction median (#1418 of 1730)
No single metric tells the full story. See the BKK:TKC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turnkey Communication Services PCL Business Description
Turnkey Communication Services PCL is engaged in trading, design, installation and engineering services in field of information and communication technology and telecommunication, including providing internet signal services. Its segments include Distribution of information technology equipment and telecommunication systems (Distribution business); Providing installation, testing services for information technology systems and telecommunication systems, and providing internet signal services (Services business); and Providing design, sourcing and installation of information technology systems and telecommunication systems and programming (Information engineering business). The majority of the revenue is derived from the Services business segment.
71GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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