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An Phat Holdings JSCSTC:APH -0.49%62 Piotroski F-Score is 6 as of Aug. 16, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates STC:APH with a GF Score™ of 62/100 and a GF Value™ of ₫4,673.20 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,560 Chemicals companies, An Phat Holdings JSC ranks better than 75.9% 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
An Phat Holdings JSC 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 An Phat Holdings JSC's Piotroski F-Score or its related term are showing as below:
STC:APH'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 7 Max: 8
Current: 6
During the past 6 years, the highest Piotroski F-Score of An Phat Holdings JSC was 8. The lowest was 3. And the median was 7.
An Phat Holdings JSC (STC:APH) 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.
An Phat Holdings JSC Piotroski F-Score Related Terms
An Phat Holdings JSC Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for An Phat Holdings JSC'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.
STC:APH vs LIN, SHW, ECL: Piotroski F-Score Comparison
For the Specialty Chemicals subindustry, An Phat Holdings JSC'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.
An Phat Holdings JSC Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, An Phat Holdings JSC's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where An Phat Holdings JSC'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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 49671.819 + 39509.536 + 64953.188 + 86502.561 = ₫240,637 Mil. Cash Flow from Operations was 385339.006 + 391834.625 + 115662.719 + -182313.01 = ₫710,523 Mil. Revenue was 2371352.239 + 2198391.789 + 2224831.995 + 2457770.255 = ₫9,252,346 Mil. Gross Profit was 350216.502 + 332123.544 + 360220.134 + 360667.187 = ₫1,403,227 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(11902236.607 + 11952850.737 + 12607483.534 + 12706869.166 + 13224857.33) / 5 = ₫12478859.4748 Mil. Total Assets at the begining of this year (Jun25) was ₫11,902,237 Mil. Long-Term Debt & Capital Lease Obligation was ₫1,247,977 Mil. Total Current Assets was ₫4,675,188 Mil. Total Current Liabilities was ₫3,551,263 Mil.
Net Income was -4146.064 + 26848.137 + 13894.659 + 60454.084 = ₫97,051 Mil.
Revenue was 3708104.441 + 3844470.81 + 3857935.255 + 2313608.846 = ₫13,724,119 Mil. Gross Profit was 455282.391 + 450611.751 + 465297.239 + 357155.424 = ₫1,728,347 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(12833112.49 + 12829445.837 + 13444850.687 + 11850290.337 + 11902236.607) / 5 = ₫12571987.1916 Mil. Total Assets at the begining of last year (Jun24) was ₫12,833,112 Mil. Long-Term Debt & Capital Lease Obligation was ₫1,051,266 Mil. Total Current Assets was ₫4,550,736 Mil. Total Current Liabilities was ₫3,141,834 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.
An Phat Holdings JSC's current Net Income (TTM) was 240,637.
==> 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.
An Phat Holdings JSC's current Cash Flow from Operations (TTM) was 710,523.
==> 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.
An Phat Holdings JSC's return on assets of this year was 0.02021781. An Phat Holdings JSC's return on assets of last year was 0.00756253.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
An Phat Holdings JSC's gearing of this year was 0.10000728. An Phat Holdings JSC's gearing of last year was 0.08361974.
==> 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
An Phat Holdings JSC's current ratio of this year was 1.31648596. An Phat Holdings JSC's current ratio of last year was 1.44843291.
==> 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.
An Phat Holdings JSC's number of shares in issue this year was 0. An Phat Holdings JSC's number of shares in issue last year was 0.
==> 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.
An Phat Holdings JSC's gross margin of this year was 0.15166179. An Phat Holdings JSC's gross margin of last year was 0.12593499.
==> 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
An Phat Holdings JSC's asset turnover of this year was 0.77736199. An Phat Holdings JSC's asset turnover of last year was 1.0694303.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
An Phat Holdings JSC has an F-score of 6 indicating the company's financial situation is typical for a stable company.
An Phat Holdings JSC (STC:APH) has a Piotroski F-Score of 6 as of Aug. 16, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on An Phat Holdings JSC and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, An Phat Holdings JSC's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, An Phat Holdings JSC ranks #376 out of 1560 companies in the Chemicals industry, placing it in the top 24.1%.
Is An Phat Holdings JSC's Piotroski F-Score too high?
An Phat Holdings JSC's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Chemicals industry median Piotroski F-Score is 5.00. An Phat Holdings JSC's value of 6 is 20% above this industry median. Based on the distribution chart, An Phat Holdings JSC ranks #376 out of 1560 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, An Phat Holdings JSC has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does An Phat Holdings JSC's Piotroski F-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, An Phat Holdings JSC ranks #376 out of 1560 companies for Piotroski F-Score. This places An Phat Holdings JSC in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. An Phat Holdings JSC's value of 6 is 20% above this benchmark. Historically, An Phat Holdings JSC'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 7.00 vs. the industry median of 5.00, An Phat Holdings JSC 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,560 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. An Phat Holdings JSC'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 An Phat Holdings JSC and its competitors. For the Chemicals 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. An Phat Holdings JSC's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is An Phat Holdings JSC stock overvalued right now?
Based on GuruFocus' analysis, An Phat Holdings JSC (STC:APH) is currently considered Modestly Overvalued. The stock's GF Value™ is ₫4,673.20, compared to a current price of ₫6,090.00 — trading 30.3% above its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Chemicals industry median of 5.00. An Phat Holdings JSC's overall GF Score™ is 62/100 with 4 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 An Phat Holdings JSC (STC:APH), the current Piotroski F-Score is 6 as of Aug. 16, 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 An Phat Holdings JSC (STC:APH) Overvalued in 2026?
Based on GuruFocus' analysis, An Phat Holdings JSC stock appears to be overvalued.
The current stock price of ₫6,090.00 is trading 30.3% above its estimated GF Value™ of ₫4,673.20.
GuruFocus considers An Phat Holdings JSC to be Modestly Overvalued.
Key valuation signals for STC:APH:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: ₫4,673.20 vs. price of ₫6,090.00 (30.3% above fair value)
Industry Position: 20% above the Chemicals median (#376 of 1560)
No single metric tells the full story. See the STC:APH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
An Phat Holdings JSC is a plastic production company. The company's products include AnBio compostable products and compounds, packaging, engineering plastics and building material plastics, precision engineering & molding, raw materials and chemicals for plastic industry.
62GF Score
Get the complete analysis for STC:APH
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