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WSOL PCLBKK:WSOL Piotroski F-Score is 3 as of Jul. 20, 2026, which is at its 10-year median of 3.00. The stock has 5 warning signs investors should review. Among 2,972 Industrial Products companies, WSOL PCL ranks worse than 82.3% on this metric.
Warning Sign:
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
WSOL 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 WSOL PCL's Piotroski F-Score or its related term are showing as below:
BKK:WSOL'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 3 Max: 7
Current: 3
During the past 8 years, the highest Piotroski F-Score of WSOL PCL was 7. The lowest was 1. And the median was 3.
WSOL PCL (BKK:WSOL) 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.
WSOL PCL Piotroski F-Score Related Terms
WSOL PCL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for WSOL 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.
For the Business Equipment & Supplies subindustry, WSOL 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.
WSOL PCL Piotroski F-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, WSOL PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where WSOL 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 (Dec25) TTM:
Last Year (Dec24) TTM:
Net Income was -1365.533 + -272.36 + -112.844 + -3073.966 = ฿-4,825 Mil. Cash Flow from Operations was -32.841 + -14.543 + 38.745 + -35.751 = ฿-44 Mil. Revenue was 456.725 + 488.699 + 491.206 + 456.029 = ฿1,893 Mil. Gross Profit was 113.557 + 125.529 + 130.317 + 111.848 = ฿481 Mil.
Average Total Assets from the begining of this year (Dec24)
to the end of this year (Dec25) was
(9158.939 + 7005.558 + 6625.961 + 6367.833 + 3286.595) / 5 = ฿6488.9772 Mil. Total Assets at the begining of this year (Dec24) was ฿9,159 Mil. Long-Term Debt & Capital Lease Obligation was ฿4,165 Mil. Total Current Assets was ฿950 Mil. Total Current Liabilities was ฿1,881 Mil.
Net Income was -1960.721 + -2914.557 + -865.243 + -497.867 = ฿-6,238 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.
WSOL PCL's current Net Income (TTM) was -4,825.
==> Negative ==> Score 0.
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.
WSOL PCL's return on assets of this year was -0.52677532. WSOL PCL's return on assets of last year was -0.29922411.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
WSOL PCL's current ratio of this year was 0.50532005. WSOL PCL's current ratio of last year was 0.6527166.
==> 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.
WSOL PCL's number of shares in issue this year was 2431.768. WSOL PCL's number of shares in issue last year was 2431.768.
==> 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.
WSOL PCL's gross margin of this year was 0.25427243. WSOL PCL's gross margin of last year was 0.2095651.
==> 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
WSOL PCL's asset turnover of this year was 0.2066461. WSOL PCL's asset turnover of last year was 0.24201375.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
WSOL PCL has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
WSOL PCL (BKK:WSOL) has a Piotroski F-Score of 3 as of Jul. 20, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on WSOL PCL and its competitors. This is near median its historical median of 3.00. Over the past decade, WSOL PCL's Piotroski F-Score has ranged from 1.00 to 7.00. According to the industry distribution chart, WSOL PCL ranks #2446 out of 2972 companies in the Industrial Products industry, placing it in the top 82.3%.
Is WSOL PCL's Piotroski F-Score too high?
WSOL PCL's current Piotroski F-Score of 3 is near median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 7.00. The Industrial Products industry median Piotroski F-Score is 5.00. WSOL PCL's value of 3 is 40% below this industry median. Based on the distribution chart, WSOL PCL ranks #2446 out of 2972 companies in the Industrial Products industry, which is in the bottom quartile relative to peers.
How does WSOL PCL's Piotroski F-Score compare to competitors?
According to the Industrial Products industry distribution chart, WSOL PCL ranks #2446 out of 2972 companies for Piotroski F-Score. This places WSOL PCL in the lower half of its industry. The industry median Piotroski F-Score is 5.00. WSOL PCL's value of 3 is 40% below this benchmark. Historically, WSOL 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 3.00 vs. the industry median of 5.00, WSOL 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 an Industrial Products company?
The median Piotroski F-Score among Industrial Products companies is 5.00, based on 2,972 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. WSOL 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 WSOL PCL and its competitors. For the Industrial Products 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. WSOL PCL's current Piotroski F-Score is 3, which is near median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WSOL PCL stock overvalued right now?
Based on GuruFocus' analysis, WSOL PCL (BKK:WSOL) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.19, compared to a current price of ฿0.03 — trading 84.2% below its estimated fair value. The current Piotroski F-Score is 3, which is near median its 10-year median of 3.00 and 40% below the Industrial Products industry median of 5.00. 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 WSOL PCL (BKK:WSOL), the current Piotroski F-Score is 3 as of Jul. 20, 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.
WSOL PCL provides financial solutions, consumer solutions and business solutions to its customers. The Company provides prepaid mobile top-up and electronic receipt services, while its subsidiaries offer vending-based food and beverages, food court management, financial and loan brokerage services, plastic card manufacturing, franchising for transportation and postal services, automated call forwarding system development, contact center services, locker rentals, sales and advertising space leasing, and parking system services. Geographically it operates in Thailand.
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