Taokaenoi Food & Marketing PCL (BKK:TKN) Piotroski F-Score: 2 (As of Jul. 28, 2026) — 60% Below Median

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BKK:TKN Taokaenoi Food & Marketing PCL BKK:TKN
79 GF Score
Price ฿4.10
GF Value ฿8.79
Valuation Possible Value Trap
! 6 Warning Signs
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What is Taokaenoi Food & Marketing PCL Piotroski F-Score?

Taokaenoi Food & Marketing PCL BKK:TKN 79 Piotroski F-Score is 2 as of Jul. 28, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates BKK:TKN with a GF Score™ of 79/100 and a GF Value™ of ฿8.79 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, Taokaenoi Food & Marketing PCL ranks worse than 94.93% on this metric.

Warning Sign:

Piotroski F-Score of 2 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

Taokaenoi Food & Marketing PCL has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Taokaenoi Food & Marketing PCL's Piotroski F-Score or its related term are showing as below:

BKK:TKN' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 9
Current: 2

During the past 12 years, the highest Piotroski F-Score of Taokaenoi Food & Marketing PCL was 9. The lowest was 2. And the median was 5.

Taokaenoi Food & Marketing PCL  (BKK:TKN) 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.


Taokaenoi Food & Marketing PCL Piotroski F-Score Related Terms


Taokaenoi Food & Marketing PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Taokaenoi Food & Marketing 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.

Taokaenoi Food & Marketing PCL Piotroski F-Score Chart

Taokaenoi Food & Marketing PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 9.00 9.00 6.00 4.00

Taokaenoi Food & Marketing PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 5.00 4.00 2.00

BKK:TKN vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Taokaenoi Food & Marketing 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.


Taokaenoi Food & Marketing PCL Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Taokaenoi Food & Marketing PCL's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Taokaenoi Food & Marketing PCL's Piotroski F-Score falls into.


BKK:TKN
79GF Score
Taokaenoi Food & Marketing PCL BKK:TKN
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 (Mar25) TTM:
Net Income was 86.371 + 112.155 + 112.379 + 101.072 = ฿412 Mil.
Cash Flow from Operations was -70.567 + 307.679 + 469.836 + -737.267 = ฿-30 Mil.
Revenue was 1302.372 + 1291.875 + 1376.264 + 1254.207 = ฿5,225 Mil.
Gross Profit was 354.469 + 379.586 + 432.641 + 406.504 = ฿1,573 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3845.235 + 4263.867 + 4004.111 + 3922.14 + 4718.209) / 5 = ฿4150.7124 Mil.
Total Assets at the begining of this year (Mar25) was ฿3,845 Mil.
Long-Term Debt & Capital Lease Obligation was ฿85 Mil.
Total Current Assets was ฿3,181 Mil.
Total Current Liabilities was ฿2,264 Mil.
Net Income was 268.143 + 134.497 + 139.018 + 98.542 = ฿640 Mil.

Revenue was 1415.976 + 1459.595 + 1469.417 + 1337.397 = ฿5,682 Mil.
Gross Profit was 513.923 + 439.205 + 405.707 + 361.195 = ฿1,720 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3450.113 + 4064.441 + 3857.778 + 3495.387 + 3845.235) / 5 = ฿3742.5908 Mil.
Total Assets at the begining of last year (Mar24) was ฿3,450 Mil.
Long-Term Debt & Capital Lease Obligation was ฿53 Mil.
Total Current Assets was ฿2,550 Mil.
Total Current Liabilities was ฿1,413 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.

Taokaenoi Food & Marketing PCL's current Net Income (TTM) was 412. ==> 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.

Taokaenoi Food & Marketing PCL's current Cash Flow from Operations (TTM) was -30. ==> 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 (Mar25)
=411.977/3845.235
=0.10713962

ROA (Last Year)=Net Income/Total Assets (Mar24)
=640.2/3450.113
=0.18555914

Taokaenoi Food & Marketing PCL's return on assets of this year was 0.10713962. Taokaenoi Food & Marketing PCL's return on assets of last year was 0.18555914. ==> Last year is higher ==> Score 0.

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.

Taokaenoi Food & Marketing PCL's current Net Income (TTM) was 412. Taokaenoi Food & Marketing PCL's current Cash Flow from Operations (TTM) was -30. ==> -30 <= 412 ==> 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 Mar25 to Mar26
=85.183/4150.7124
=0.0205225

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=53.464/3742.5908
=0.01428529

Taokaenoi Food & Marketing PCL's gearing of this year was 0.0205225. Taokaenoi Food & Marketing PCL's gearing of last year was 0.01428529. ==> 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
=3181.314/2263.929
=1.4052181

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2549.705/1412.711
=1.80483128

Taokaenoi Food & Marketing PCL's current ratio of this year was 1.4052181. Taokaenoi Food & Marketing PCL's current ratio of last year was 1.80483128. ==> 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.

Taokaenoi Food & Marketing PCL's number of shares in issue this year was 1365. Taokaenoi Food & Marketing PCL's number of shares in issue last year was 1368.174. ==> 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
=1573.2/5224.718
=0.30110716

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1720.03/5682.385
=0.30269508

Taokaenoi Food & Marketing PCL's gross margin of this year was 0.30110716. Taokaenoi Food & Marketing PCL's gross margin of last year was 0.30269508. ==> 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 (Mar25)
=5224.718/3845.235
=1.35875129

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=5682.385/3450.113
=1.64701417

Taokaenoi Food & Marketing PCL's asset turnover of this year was 1.35875129. Taokaenoi Food & Marketing PCL's asset turnover of last year was 1.64701417. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

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

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

Taokaenoi Food & Marketing PCL has an F-score of 2. It is a bad or low score, which usually implies poor business operation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 2 mean?
Taokaenoi Food & Marketing PCL (BKK:TKN) has a Piotroski F-Score of 2 as of Jul. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Taokaenoi Food & Marketing PCL and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, Taokaenoi Food & Marketing PCL's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, Taokaenoi Food & Marketing PCL ranks #1815 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 94.9%.
Is Taokaenoi Food & Marketing PCL's Piotroski F-Score too high?
Taokaenoi Food & Marketing PCL's current Piotroski F-Score of 2 is 60% below median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Taokaenoi Food & Marketing PCL's value of 2 is 60% below this industry median. Based on the distribution chart, Taokaenoi Food & Marketing PCL ranks #1815 out of 1912 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Taokaenoi Food & Marketing PCL has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taokaenoi Food & Marketing PCL's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Taokaenoi Food & Marketing PCL ranks #1815 out of 1912 companies for Piotroski F-Score. This places Taokaenoi Food & Marketing PCL in the lower half of its industry. The industry median Piotroski F-Score is 5.00. Taokaenoi Food & Marketing PCL's value of 2 is 60% below this benchmark. Historically, Taokaenoi Food & Marketing PCL's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, Taokaenoi Food & Marketing 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 1,912 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. Taokaenoi Food & Marketing PCL's current Piotroski F-Score of 2 is 60% 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 Taokaenoi Food & Marketing 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. Taokaenoi Food & Marketing PCL's current Piotroski F-Score is 2, which is 60% 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 Taokaenoi Food & Marketing PCL stock overvalued right now?
Based on GuruFocus' analysis, Taokaenoi Food & Marketing PCL (BKK:TKN) is currently considered Possible Value Trap. The stock's GF Value™ is ฿8.79, compared to a current price of ฿4.10 — trading 53.4% below its estimated fair value. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Consumer Packaged Goods industry median of 5.00. Taokaenoi Food & Marketing PCL's overall GF Score™ is 79/100 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 Taokaenoi Food & Marketing PCL (BKK:TKN), the current Piotroski F-Score is 2 as of Jul. 28, 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 Taokaenoi Food & Marketing PCL (BKK:TKN) Overvalued in 2026?

Based on GuruFocus' analysis, Taokaenoi Food & Marketing PCL stock appears to be undervalued. The current stock price of ฿4.10 is trading 53.4% below its estimated GF Value™ of ฿8.79. GuruFocus considers Taokaenoi Food & Marketing PCL to be Possible Value Trap.

Key valuation signals for BKK:TKN:

  • Piotroski F-Score: 2 (60% below median its 10-year median of 5.00)
  • GF Value™: ฿8.79 vs. price of ฿4.10 (53.4% below fair value)
  • GF Score™: 79/100 with 6 warning signs
  • Industry Position: 60% below the Consumer Packaged Goods median (#1815 of 1912)

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


Taokaenoi Food & Marketing PCL Business Description

Address 337 Bond Street road, Bang Phut Pak Kret District, Nonthaburi, THA, 11120
Taokaenoi Food & Marketing PCL specializes in the production of seaweed snacks in Thailand. The company is principally engaged in the manufacture and distribution of fried, grilled, and baked seaweed and seaweed snacks. The company's operations are divided into three segments: Snack, Retailer, and Others. The snacks segment represents the manufacture and distribution of fried, grilled, and baked seaweed and seaweed snacks in both domestic and overseas markets. The retailer segment represents a retailer of snacks, food, and beverages. Geographically, the business activities are carried out across Thailand.
79GF Score

Get the complete analysis for BKK:TKN

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

฿4.10
Price
฿8.79
GF Value