Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
CH. Karnchang PCLFRA:NYVC -1.20%66 Piotroski F-Score is 7 as of Jul. 14, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates FRA:NYVC with a GF Score™ of 66/100 and a GF Value™ of €0.52 (Fairly Valued). The stock has 11 warning signs investors should review. Among 1,730 Construction companies, CH. Karnchang PCL ranks better than 89.19% 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
CH. Karnchang 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 CH. Karnchang PCL's Piotroski F-Score or its related term are showing as below:
FRA:NYVC'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 8
Current: 7
During the past 13 years, the highest Piotroski F-Score of CH. Karnchang PCL was 8. The lowest was 3. 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.
CH. Karnchang PCL Piotroski F-Score Related Terms
CH. Karnchang PCL Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for CH. Karnchang 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.
FRA:NYVC vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, CH. Karnchang 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.
CH. Karnchang PCL Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, CH. Karnchang PCL's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where CH. Karnchang 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.
*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.
CH. Karnchang PCL's current Net Income (TTM) was 90.
==> 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.
CH. Karnchang PCL's return on assets of this year was 0.02835267. CH. Karnchang PCL's return on assets of last year was 0.01684501.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
CH. Karnchang PCL's gearing of this year was 0.25807736. CH. Karnchang PCL's gearing of last year was 0.38451184.
==> 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
CH. Karnchang PCL's current ratio of this year was 0.87946333. CH. Karnchang PCL's current ratio of last year was 0.99581041.
==> 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.
CH. Karnchang PCL's number of shares in issue this year was 1680.356. CH. Karnchang PCL's number of shares in issue last year was 1685.219.
==> 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.
CH. Karnchang PCL's gross margin of this year was 0.07515784. CH. Karnchang PCL's gross margin of last year was 0.07322249.
==> 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
CH. Karnchang PCL's asset turnover of this year was 0.37252557. CH. Karnchang PCL's asset turnover of last year was 0.42555793.
==> 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
+
1
+
1
+
1
+
1
+
0
+
1
+
1
+
0
=
7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
CH. Karnchang PCL has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
CH. Karnchang PCL (FRA:NYVC) has a Piotroski F-Score of 7 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on CH. Karnchang PCL and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, CH. Karnchang PCL's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, CH. Karnchang PCL ranks #187 out of 1730 companies in the Construction industry, placing it in the top 10.8%.
Is CH. Karnchang PCL's Piotroski F-Score too high?
CH. Karnchang 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 3.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. CH. Karnchang PCL's value of 7 is 40% above this industry median. Based on the distribution chart, CH. Karnchang PCL ranks #187 out of 1730 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, CH. Karnchang PCL has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CH. Karnchang PCL's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, CH. Karnchang PCL ranks #187 out of 1730 companies for Piotroski F-Score. This places CH. Karnchang PCL in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. CH. Karnchang PCL's value of 7 is 40% above this benchmark. Historically, CH. Karnchang PCL's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, CH. Karnchang 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,730 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. CH. Karnchang 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 CH. Karnchang PCL and its competitors. For the Construction 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. CH. Karnchang 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 CH. Karnchang PCL stock overvalued right now?
Based on GuruFocus' analysis, CH. Karnchang PCL (FRA:NYVC) is currently considered Fairly Valued. The stock's GF Value™ is €0.52, compared to a current price of €0.49 — trading 5% 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 Construction industry median of 5.00. CH. Karnchang PCL's overall GF Score™ is 66/100 with 11 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 CH. Karnchang PCL (FRA:NYVC), the current Piotroski F-Score is 7 as of Jul. 14, 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 CH. Karnchang PCL (FRA:NYVC) Overvalued in 2026?
Based on GuruFocus' analysis, CH. Karnchang PCL stock appears to be undervalued.
The current stock price of €0.49 is trading 5% below its estimated GF Value™ of €0.52.
GuruFocus considers CH. Karnchang PCL to be Fairly Valued.
Key valuation signals for FRA:NYVC:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: €0.52 vs. price of €0.49 (5% below fair value)
Industry Position: 40% above the Construction median (#187 of 1730)
No single metric tells the full story. See the FRA:NYVC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CH. Karnchang PCL is engaged in the provision of construction services. Its construction services include public transport systems, airports, roads, expressways, bridges, energy, water, port systems, and buildings. The Group is principally engaged in construction and provision of related services and investment in infrastructure, and the two geographic areas in which these activities are carried on are Thailand and the Lao People's Democratic Republic.
66GF Score
Get the complete analysis for FRA:NYVC
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:NYVC has been successfully added to your 
