United Palm Oil Industry PCL (BKK:UPOIC-R) Piotroski F-Score: 6 (As of Jun. 27, 2026) — Near Median


BKK:UPOIC-R United Palm Oil Industry PCL BKK:UPOIC-R
74 GF Score
Price ฿6.95
GF Value ฿7.77
! 5 Warning Signs
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What is United Palm Oil Industry PCL Piotroski F-Score?

United Palm Oil Industry PCL BKK:UPOIC-R 74 Piotroski F-Score is 6 as of Jun. 27, 2026, which is at its 10-year median of 6.00. GuruFocus rates BKK:UPOIC-R with a GF Score™ of 74/100 and a GF Value™ of ฿7.77. The stock has 5 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, United Palm Oil Industry PCL ranks better than 73.47% 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

United Palm Oil Industry PCL has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for United Palm Oil Industry PCL's Piotroski F-Score or its related term are showing as below:

BKK:UPOIC-R' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of United Palm Oil Industry PCL was 9. The lowest was 2. And the median was 6.

United Palm Oil Industry PCL  (BKK:UPOIC-R) 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.


United Palm Oil Industry PCL Piotroski F-Score Related Terms


United Palm Oil Industry PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for United Palm Oil Industry 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.

United Palm Oil Industry PCL Piotroski F-Score Chart

United Palm Oil Industry 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 6.00 6.00 5.00 7.00 6.00

United Palm Oil Industry 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 6.00 6.00 4.00 6.00 6.00

BKK:UPOIC-R vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, United Palm Oil Industry 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.


United Palm Oil Industry PCL Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, United Palm Oil Industry PCL's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where United Palm Oil Industry PCL's Piotroski F-Score falls into.


BKK:UPOIC-R
74GF Score
United Palm Oil Industry PCL BKK:UPOIC-R
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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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 29.274 + 64.023 + 89.813 + 78.812 = ฿262 Mil.
Cash Flow from Operations was 144.742 + 109.582 + 19.223 + -18.862 = ฿255 Mil.
Revenue was 653.657 + 518.135 + 348.524 + 509.447 = ฿2,030 Mil.
Gross Profit was 38.864 + 87.338 + 105.826 + 110.04 = ฿342 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1884.496 + 1886.516 + 1905.197 + 1989.518 + 2228.52) / 5 = ฿1978.8494 Mil.
Total Assets at the begining of this year (Mar25) was ฿1,884 Mil.
Long-Term Debt & Capital Lease Obligation was ฿113 Mil.
Total Current Assets was ฿783 Mil.
Total Current Liabilities was ฿239 Mil.
Net Income was -0.081 + 61.889 + 47.326 + 35.792 = ฿145 Mil.

Revenue was 579.96 + 514.673 + 203.174 + 350.489 = ฿1,648 Mil.
Gross Profit was -1.227 + 93.256 + 73.132 + 54.511 = ฿220 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1871.037 + 1688.23 + 1728.967 + 1774.559 + 1884.496) / 5 = ฿1789.4578 Mil.
Total Assets at the begining of last year (Mar24) was ฿1,871 Mil.
Long-Term Debt & Capital Lease Obligation was ฿41 Mil.
Total Current Assets was ฿664 Mil.
Total Current Liabilities was ฿123 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.

United Palm Oil Industry PCL's current Net Income (TTM) was 262. ==> 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.

United Palm Oil Industry PCL's current Cash Flow from Operations (TTM) was 255. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=261.922/1884.496
=0.13898782

ROA (Last Year)=Net Income/Total Assets (Mar24)
=144.926/1871.037
=0.07745758

United Palm Oil Industry PCL's return on assets of this year was 0.13898782. United Palm Oil Industry PCL's return on assets of last year was 0.07745758. ==> This year is higher. ==> Score 1.

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.

United Palm Oil Industry PCL's current Net Income (TTM) was 262. United Palm Oil Industry PCL's current Cash Flow from Operations (TTM) was 255. ==> 255 <= 262 ==> 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
=112.751/1978.8494
=0.05697806

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=41.471/1789.4578
=0.02317518

United Palm Oil Industry PCL's gearing of this year was 0.05697806. United Palm Oil Industry PCL's gearing of last year was 0.02317518. ==> 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
=782.872/238.655
=3.2803503

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=664.093/123.352
=5.383723

United Palm Oil Industry PCL's current ratio of this year was 3.2803503. United Palm Oil Industry PCL's current ratio of last year was 5.383723. ==> 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.

United Palm Oil Industry PCL's number of shares in issue this year was 324.05. United Palm Oil Industry PCL's number of shares in issue last year was 324.05. ==> 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
=342.068/2029.763
=0.16852608

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=219.672/1648.296
=0.13327218

United Palm Oil Industry PCL's gross margin of this year was 0.16852608. United Palm Oil Industry PCL's gross margin of last year was 0.13327218. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=2029.763/1884.496
=1.07708533

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=1648.296/1871.037
=0.88095318

United Palm Oil Industry PCL's asset turnover of this year was 1.07708533. United Palm Oil Industry PCL's asset turnover of last year was 0.88095318. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

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

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

United Palm Oil Industry PCL has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 6 mean?
United Palm Oil Industry PCL (BKK:UPOIC-R) has a Piotroski F-Score of 6 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on United Palm Oil Industry PCL and its competitors. This is near median its historical median of 6.00. Over the past decade, United Palm Oil Industry PCL's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, United Palm Oil Industry PCL ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 26.5%.
Is United Palm Oil Industry PCL's Piotroski F-Score too high?
United Palm Oil Industry PCL's current Piotroski F-Score of 6 is near median its 10-year median of 6.00. 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. United Palm Oil Industry PCL's value of 6 is 20% above this industry median. Based on the distribution chart, United Palm Oil Industry PCL ranks #507 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, United Palm Oil Industry PCL has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does United Palm Oil Industry PCL's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, United Palm Oil Industry PCL ranks #507 out of 1911 companies for Piotroski F-Score. This puts United Palm Oil Industry PCL in the upper half of its industry. The industry median Piotroski F-Score is 5.00. United Palm Oil Industry PCL's value of 6 is 20% above this benchmark. Historically, United Palm Oil Industry 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 6.00 vs. the industry median of 5.00, United Palm Oil Industry 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 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. United Palm Oil Industry PCL's current Piotroski F-Score of 6 is 20% 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 United Palm Oil Industry 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. United Palm Oil Industry PCL's current Piotroski F-Score is 6, which is near 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 United Palm Oil Industry PCL stock overvalued right now?
United Palm Oil Industry PCL (BKK:UPOIC-R) has a current Piotroski F-Score of 6. The stock's GF Value™ is ฿7.77, compared to a current price of ฿6.95 — trading 10.6% below its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 20% above the Consumer Packaged Goods industry median of 5.00. United Palm Oil Industry PCL's overall GF Score™ is 74/100 with 5 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 United Palm Oil Industry PCL (BKK:UPOIC-R), the current Piotroski F-Score is 6 as of Jun. 27, 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 United Palm Oil Industry PCL (BKK:UPOIC-R) Overvalued in 2026?

Based on GuruFocus' analysis, United Palm Oil Industry PCL stock appears to be undervalued. The current stock price of ฿6.95 is trading 10.6% below its estimated GF Value™ of ฿7.77.

Key valuation signals for BKK:UPOIC-R:

  • Piotroski F-Score: 6 (near median its 10-year median of 6.00)
  • GF Value™: ฿7.77 vs. price of ฿6.95 (10.6% below fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 20% above the Consumer Packaged Goods median (#507 of 1911)

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


United Palm Oil Industry PCL Business Description

Other Exchanges UPOIC:Thailand
Address No. 64, 1st Floor, Soi Bangna-Trad 25, Bangna Neua Sub-District, Bangna District, Bangkok, THA, 10260
United Palm Oil Industry PCL engaged in the manufacture of crude palm oil and palm kernel oil. The company's business operations involve two principal segments; oil palm plantation, crude palm oil and crude palm kernel oil processing, which generates key revenue; and the generation of electricity from biogases and biomasses. These activities are carried on exclusively in a single geographic area of Thailand.
74GF Score

Get the complete analysis for BKK:UPOIC-R

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

฿6.95
Price
฿7.77
GF Value