Yong Concrete PCL (BKK:YONG) Piotroski F-Score: 5 (As of Jul. 01, 2026) — 17% Below Median


BKK:YONG Yong Concrete PCL BKK:YONG
77 GF Score
Price ฿0.73
GF Value ฿1.07
Valuation Possible Value Trap
! 7 Warning Signs
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What is Yong Concrete PCL Piotroski F-Score?

Yong Concrete PCL BKK:YONG 77 Piotroski F-Score is 5 as of Jul. 01, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates BKK:YONG with a GF Score™ of 77/100 and a GF Value™ of ฿1.07 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 392 Building Materials companies, Yong Concrete PCL ranks better than 51.79% 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

Yong Concrete PCL has an F-score of 5 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Yong Concrete PCL's Piotroski F-Score or its related term are showing as below:

BKK:YONG' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 7
Current: 5

During the past 6 years, the highest Piotroski F-Score of Yong Concrete PCL was 7. The lowest was 4. And the median was 6.

Yong Concrete PCL  (BKK:YONG) 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.


Yong Concrete PCL Piotroski F-Score Related Terms


Yong Concrete PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Yong Concrete 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.

Yong Concrete PCL Piotroski F-Score Chart

Yong Concrete PCL Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial N/A N/A 7.00 6.00 6.00

Yong Concrete PCL Quarterly Data
Mar21 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 5.00

BKK:YONG vs CRH, VMC, MLM: Piotroski F-Score Comparison

For the Building Materials subindustry, Yong Concrete 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.


Yong Concrete PCL Piotroski F-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Yong Concrete PCL's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Yong Concrete PCL's Piotroski F-Score falls into.


BKK:YONG
77GF Score
Yong Concrete PCL BKK:YONG
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 -2.415 + 9.941 + 4.735 + 3.681 = ฿15.9 Mil.
Cash Flow from Operations was 27.779 + 28.653 + 28.614 + -6.27 = ฿78.8 Mil.
Revenue was 216.248 + 253.951 + 262.245 + 226.12 = ฿958.6 Mil.
Gross Profit was 41.93 + 60.926 + 57.43 + 52.8 = ฿213.1 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1281.753 + 1265.614 + 1319.895 + 1287.33 + 1379.971) / 5 = ฿1306.9126 Mil.
Total Assets at the begining of this year (Mar25) was ฿1,281.8 Mil.
Long-Term Debt & Capital Lease Obligation was ฿112.9 Mil.
Total Current Assets was ฿429.7 Mil.
Total Current Liabilities was ฿318.3 Mil.
Net Income was 14.162 + 9.847 + 6.331 + 8.09 = ฿38.4 Mil.

Revenue was 234.167 + 246.877 + 214.284 + 243.62 = ฿938.9 Mil.
Gross Profit was 65.006 + 60.954 + 49.555 + 51.417 = ฿226.9 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1307.177 + 1304.679 + 1271.772 + 1234.297 + 1281.753) / 5 = ฿1279.9356 Mil.
Total Assets at the begining of last year (Mar24) was ฿1,307.2 Mil.
Long-Term Debt & Capital Lease Obligation was ฿43.3 Mil.
Total Current Assets was ฿384.3 Mil.
Total Current Liabilities was ฿272.8 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.

Yong Concrete PCL's current Net Income (TTM) was 15.9. ==> 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.

Yong Concrete PCL's current Cash Flow from Operations (TTM) was 78.8. ==> 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)
=15.942/1281.753
=0.01243765

ROA (Last Year)=Net Income/Total Assets (Mar24)
=38.43/1307.177
=0.02939923

Yong Concrete PCL's return on assets of this year was 0.01243765. Yong Concrete PCL's return on assets of last year was 0.02939923. ==> 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.

Yong Concrete PCL's current Net Income (TTM) was 15.9. Yong Concrete PCL's current Cash Flow from Operations (TTM) was 78.8. ==> 78.8 > 15.9 ==> CFROA > ROA ==> Score 1.

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
=112.913/1306.9126
=0.08639675

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=43.3/1279.9356
=0.03382983

Yong Concrete PCL's gearing of this year was 0.08639675. Yong Concrete PCL's gearing of last year was 0.03382983. ==> 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
=429.718/318.284
=1.35010871

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=384.341/272.84
=1.40866808

Yong Concrete PCL's current ratio of this year was 1.35010871. Yong Concrete PCL's current ratio of last year was 1.40866808. ==> 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.

Yong Concrete PCL's number of shares in issue this year was 680. Yong Concrete PCL's number of shares in issue last year was 680. ==> 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
=213.086/958.564
=0.2222971

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=226.932/938.948
=0.24168751

Yong Concrete PCL's gross margin of this year was 0.2222971. Yong Concrete PCL's gross margin of last year was 0.24168751. ==> 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)
=958.564/1281.753
=0.74785392

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=938.948/1307.177
=0.71830211

Yong Concrete PCL's asset turnover of this year was 0.74785392. Yong Concrete PCL's asset turnover of last year was 0.71830211. ==> 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+0+1+0+0+1+0+1
=5

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

Yong Concrete PCL has an F-score of 5 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 5 mean?
Yong Concrete PCL (BKK:YONG) has a Piotroski F-Score of 5 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Yong Concrete PCL and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Yong Concrete PCL's Piotroski F-Score has ranged from 4.00 to 7.00. According to the industry distribution chart, Yong Concrete PCL ranks #189 out of 392 companies in the Building Materials industry, placing it in the top 48.2%.
Is Yong Concrete PCL's Piotroski F-Score too high?
Yong Concrete PCL's current Piotroski F-Score of 5 is 17% below median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 7.00. The Building Materials industry median Piotroski F-Score is 5.00. Yong Concrete PCL's value of 5 is 0% at this industry median. Based on the distribution chart, Yong Concrete PCL ranks #189 out of 392 companies in the Building Materials industry, which is above the industry midpoint. Overall, Yong Concrete PCL has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Yong Concrete PCL's Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, Yong Concrete PCL ranks #189 out of 392 companies for Piotroski F-Score. This puts Yong Concrete PCL in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Yong Concrete PCL's value of 5 is 0% at this benchmark. Historically, Yong Concrete PCL's own Piotroski F-Score has ranged from 4.00 to 7.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Yong Concrete PCL has consistently been at 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 392 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. Yong Concrete PCL's current Piotroski F-Score of 5 is 0% at 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 Yong Concrete PCL and its competitors. For the Building Materials 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. Yong Concrete PCL's current Piotroski F-Score is 5, which is 17% below 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 Yong Concrete PCL stock overvalued right now?
Based on GuruFocus' analysis, Yong Concrete PCL (BKK:YONG) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.07, compared to a current price of ฿0.73 — trading 31.8% below its estimated fair value. The current Piotroski F-Score is 5, which is 17% below median its 10-year median of 6.00 and 0% at the Building Materials industry median of 5.00. Yong Concrete PCL's overall GF Score™ is 77/100 with 7 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 Yong Concrete PCL (BKK:YONG), the current Piotroski F-Score is 5 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 Yong Concrete PCL (BKK:YONG) Overvalued in 2026?

Based on GuruFocus' analysis, Yong Concrete PCL stock appears to be undervalued. The current stock price of ฿0.73 is trading 31.8% below its estimated GF Value™ of ฿1.07. GuruFocus considers Yong Concrete PCL to be Possible Value Trap.

Key valuation signals for BKK:YONG:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: ฿1.07 vs. price of ฿0.73 (31.8% below fair value)
  • GF Score™: 77/100 with 7 warning signs
  • Industry Position: 0% at the Building Materials median (#189 of 392)

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


Yong Concrete PCL Business Description

Address 148/9 Moo 3, Tambon Wang Khanai, Amphur Tha Muang, Kanchanaburi, THA, 71110
Yong Concrete PCL manufactures and distributes precast concrete products such as precast structures, beams, columns, walls, precast concrete, fences, concrete power poles, stone edges, prestressed concrete pipes, and prefabricated concrete slabs. The group has three reportable segments which are the Manufacture and distribution of concrete products segment; Sale with installation of prefabricated structures segment; and the Transportation service segment. The company generates the majority of its revenue from the manufacturing and distribution of concrete products segment and operates only in Thailand.
77GF Score

Get the complete analysis for BKK:YONG

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

฿0.73
Price
฿1.07
GF Value