Thai Plaspac PCLBKK:TPAC +0.56%89 Piotroski F-Score is 7 as of Jul. 01, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates BKK:TPAC with a GF Score™ of 89/100 and a GF Value™ of ฿10.39 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 386 Packaging & Containers companies, Thai Plaspac PCL ranks better than 89.12% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Thai Plaspac PCL has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for Thai Plaspac PCL's Piotroski F-Score or its related term are showing as below:
BKK:TPAC'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 6 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of Thai Plaspac PCL was 9. The lowest was 5. And the median was 6.
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.
Thai Plaspac PCL Piotroski F-Score Related Terms
Thai Plaspac PCL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Thai Plaspac 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.
BKK:TPAC vs SW, PKG, IP: Piotroski F-Score Comparison
For the Packaging & Containers subindustry, Thai Plaspac 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.
Thai Plaspac PCL Piotroski F-Score vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thai Plaspac PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Thai Plaspac 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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 88.349 + 121.322 + 146.479 + 141.398 = ฿498 Mil. Cash Flow from Operations was 366.947 + 340.408 + 213.315 + 377.584 = ฿1,298 Mil. Revenue was 1668.761 + 1674.843 + 1657.886 + 1806.831 = ฿6,808 Mil. Gross Profit was 383.321 + 402.809 + 444.664 + 428.2 = ฿1,659 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(7514.182 + 7241.555 + 7107.565 + 7327.918 + 7572.652) / 5 = ฿7352.7744 Mil. Total Assets at the begining of this year (Mar25) was ฿7,514 Mil. Long-Term Debt & Capital Lease Obligation was ฿1,060 Mil. Total Current Assets was ฿2,562 Mil. Total Current Liabilities was ฿2,751 Mil.
Net Income was 108.706 + 99.151 + 69.8 + 120.858 = ฿399 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.
Thai Plaspac PCL's current Net Income (TTM) was 498.
==> 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.
Thai Plaspac PCL's return on assets of this year was 0.06621453. Thai Plaspac PCL's return on assets of last year was 0.04928189.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Thai Plaspac PCL's gearing of this year was 0.14409976. Thai Plaspac PCL's gearing of last year was 0.185796.
==> This year is lower or equal to last year. ==> Score 1.
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
Thai Plaspac PCL's current ratio of this year was 0.93122749. Thai Plaspac PCL's current ratio of last year was 0.97236033.
==> 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.
Thai Plaspac PCL's number of shares in issue this year was 328.833. Thai Plaspac PCL's number of shares in issue last year was 326.643.
==> 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.
Thai Plaspac PCL's gross margin of this year was 0.24367153. Thai Plaspac PCL's gross margin of last year was 0.22576054.
==> This year's gross margin is higher. ==> Score 1.
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
Thai Plaspac PCL's asset turnover of this year was 0.90606283. Thai Plaspac PCL's asset turnover of last year was 0.88938271.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Thai Plaspac PCL has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Thai Plaspac PCL (BKK:TPAC) has a Piotroski F-Score of 7 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Thai Plaspac PCL and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Thai Plaspac PCL's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, Thai Plaspac PCL ranks #42 out of 386 companies in the Packaging & Containers industry, placing it in the top 10.9%.
Is Thai Plaspac PCL's Piotroski F-Score too high?
Thai Plaspac PCL's current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Packaging & Containers industry median Piotroski F-Score is 5.00. Thai Plaspac PCL's value of 7 is 40% above this industry median. Based on the distribution chart, Thai Plaspac PCL ranks #42 out of 386 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Plaspac PCL has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thai Plaspac PCL's Piotroski F-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thai Plaspac PCL ranks #42 out of 386 companies for Piotroski F-Score. This places Thai Plaspac PCL in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Thai Plaspac PCL's value of 7 is 40% above this benchmark. Historically, Thai Plaspac PCL's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Thai Plaspac PCL has consistently been above 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 Packaging & Containers company?
The median Piotroski F-Score among Packaging & Containers companies is 5.00, based on 386 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. Thai Plaspac PCL's current Piotroski F-Score of 7 is 40% above 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 Thai Plaspac PCL and its competitors. For the Packaging & Containers 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. Thai Plaspac PCL's current Piotroski F-Score is 7, which is 17% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Plaspac PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Plaspac PCL (BKK:TPAC) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿10.39, compared to a current price of ฿8.95 — trading 13.9% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Packaging & Containers industry median of 5.00. Thai Plaspac PCL's overall GF Score™ is 89/100 with 2 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 Thai Plaspac PCL (BKK:TPAC), the current Piotroski F-Score is 7 as of Jul. 01, 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 Thai Plaspac PCL (BKK:TPAC) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Plaspac PCL stock appears to be undervalued.
The current stock price of ฿8.95 is trading 13.9% below its estimated GF Value™ of ฿10.39.
GuruFocus considers Thai Plaspac PCL to be Modestly Undervalued.
Key valuation signals for BKK:TPAC:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: ฿10.39 vs. price of ฿8.95 (13.9% below fair value)
Industry Position: 40% above the Packaging & Containers median (#42 of 386)
No single metric tells the full story. See the BKK:TPAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Plaspac PCL is a Thailand-based company that operates in the plastic packaging business. The activity of the group includes the manufacturing and distribution of plastic packaging materials. It offers a wide range of manufacturing capabilities, ranging from packaging design, injection-molding, blow-molding, injection/blow molding in-line inspections, and quality assurance. It serves food, daily products, consumer-household, and other sectors. Geographically, the firm has a business presence in Thailand and Other overseas countries.
89GF 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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