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Petro Viet Nam Low Pressure GAS Distribution JSC (STC:PGD) 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.
Petro Viet Nam Low Pressure GAS Distribution JSC Piotroski F-Score Related Terms
Petro Viet Nam Low Pressure GAS Distribution JSC Piotroski F-Score Historical Data
* 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.
Petro Viet Nam Low Pressure GAS Distribution JSC Piotroski F-Score Chart
Petro Viet Nam Low Pressure GAS Distribution JSC Annual Data
For the Oil & Gas Integrated subindustry, Petro Viet Nam Low Pressure GAS Distribution 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.
Petro Viet Nam Low Pressure GAS Distribution JSC Piotroski F-Score vs Oil & Gas Industry
* 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 74195.501 + 29811.224 + 64965.665 + -44714.049 = ₫124,258 Mil. Cash Flow from Operations was 133997.765 + -88519.627 + -354000.615 + 757020.373 = ₫448,498 Mil. Revenue was 3091287.215 + 2828581.531 + 2489854.215 + 3858525.117 = ₫12,268,248 Mil. Gross Profit was 225034.473 + 119478.795 + 243755.651 + 35015.541 = ₫623,284 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(3746201.389 + 3883844.275 + 3574790.891 + 3377889.408 + 4557286.068) / 5 = ₫3828002.4062 Mil. Total Assets at the begining of this year (Jun25) was ₫3,746,201 Mil. Long-Term Debt & Capital Lease Obligation was ₫0 Mil. Total Current Assets was ₫4,204,148 Mil. Total Current Liabilities was ₫3,077,709 Mil.
Net Income was 97603.551 + -2205.068 + 13.457 + 64331.096 = ₫159,743 Mil.
Revenue was 2906462.397 + 2839797.692 + 2558777.921 + 2973956.193 = ₫11,278,994 Mil. Gross Profit was 251970.454 + 104127.1 + 117744.849 + 205538.66 = ₫679,381 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(3848022.365 + 3845211.267 + 3768226.596 + 3630531.879 + 3746201.389) / 5 = ₫3767638.6992 Mil. Total Assets at the begining of last year (Jun24) was ₫3,848,022 Mil. Long-Term Debt & Capital Lease Obligation was ₫0 Mil. Total Current Assets was ₫3,392,081 Mil. Total Current Liabilities was ₫2,220,139 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.
Petro Viet Nam Low Pressure GAS Distribution JSC's current Net Income (TTM) was 124,258.
==> 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.
Petro Viet Nam Low Pressure GAS Distribution JSC's current Cash Flow from Operations (TTM) was 448,498.
==> 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.
Petro Viet Nam Low Pressure GAS Distribution JSC's return on assets of this year was 0.03316916. Petro Viet Nam Low Pressure GAS Distribution JSC's return on assets of last year was 0.04151302.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Petro Viet Nam Low Pressure GAS Distribution JSC's gearing of this year was 0. Petro Viet Nam Low Pressure GAS Distribution JSC's gearing of last year was 0.
==> 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
Petro Viet Nam Low Pressure GAS Distribution JSC's current ratio of this year was 1.36599922. Petro Viet Nam Low Pressure GAS Distribution JSC's current ratio of last year was 1.52786841.
==> 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.
Petro Viet Nam Low Pressure GAS Distribution JSC's number of shares in issue this year was 98.997. Petro Viet Nam Low Pressure GAS Distribution JSC's number of shares in issue last year was 98.997.
==> 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.
Petro Viet Nam Low Pressure GAS Distribution JSC's gross margin of this year was 0.05080468. Petro Viet Nam Low Pressure GAS Distribution JSC's gross margin of last year was 0.06023419.
==> 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
Petro Viet Nam Low Pressure GAS Distribution JSC's asset turnover of this year was 3.27485012. Petro Viet Nam Low Pressure GAS Distribution JSC's asset turnover of last year was 2.93111451.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
=
Que. 1
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Que. 2
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+
Que. 4
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Que. 6
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1
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1
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0
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Petro Viet Nam Low Pressure GAS Distribution JSC has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Petro Viet Nam Low Pressure GAS Distribution JSC (STC:PGD) has a Piotroski F-Score of 6 as of Aug. 22, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Petro Viet Nam Low Pressure GAS Distribution JSC and its competitors. This is near median its historical median of 6.00. Over the past decade, Petro Viet Nam Low Pressure GAS Distribution JSC's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, Petro Viet Nam Low Pressure GAS Distribution JSC ranks #240 out of 992 companies in the Oil & Gas industry, placing it in the top 24.2%.
Is Petro Viet Nam Low Pressure GAS Distribution JSC's Piotroski F-Score too high?
Petro Viet Nam Low Pressure GAS Distribution JSC'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 3.00 to a high of 9.00. The Oil & Gas industry median Piotroski F-Score is 5.00. Petro Viet Nam Low Pressure GAS Distribution JSC's value of 6 is 20% above this industry median. Based on the distribution chart, Petro Viet Nam Low Pressure GAS Distribution JSC ranks #240 out of 992 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Petro Viet Nam Low Pressure GAS Distribution JSC has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Petro Viet Nam Low Pressure GAS Distribution JSC's Piotroski F-Score compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Petro Viet Nam Low Pressure GAS Distribution JSC ranks #240 out of 992 companies for Piotroski F-Score. This places Petro Viet Nam Low Pressure GAS Distribution JSC in the top 24% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Petro Viet Nam Low Pressure GAS Distribution JSC's value of 6 is 20% above this benchmark. Historically, Petro Viet Nam Low Pressure GAS Distribution JSC's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Petro Viet Nam Low Pressure GAS Distribution 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 an Oil & Gas company?
The median Piotroski F-Score among Oil & Gas companies is 5.00, based on 992 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. Petro Viet Nam Low Pressure GAS Distribution 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 Petro Viet Nam Low Pressure GAS Distribution JSC and its competitors. For the Oil & Gas 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. Petro Viet Nam Low Pressure GAS Distribution JSC'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 Petro Viet Nam Low Pressure GAS Distribution JSC stock overvalued right now?
Based on GuruFocus' analysis, Petro Viet Nam Low Pressure GAS Distribution JSC (STC:PGD) is currently considered Significantly Undervalued. The stock's GF Value™ is ₫34,240.63, compared to a current price of ₫22,150.00 — trading 35.3% 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 Oil & Gas industry median of 5.00. Petro Viet Nam Low Pressure GAS Distribution JSC's overall GF Score™ is 77/100 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 Petro Viet Nam Low Pressure GAS Distribution JSC (STC:PGD), the current Piotroski F-Score is 6 as of Aug. 22, 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 Petro Viet Nam Low Pressure GAS Distribution JSC (STC:PGD) Overvalued in 2026?
Based on GuruFocus' analysis, Petro Viet Nam Low Pressure GAS Distribution JSC stock appears to be undervalued.
The current stock price of ₫22,150.00 is trading 35.3% below its estimated GF Value™ of ₫34,240.63.
GuruFocus considers Petro Viet Nam Low Pressure GAS Distribution JSC to be Significantly Undervalued.
Key valuation signals for STC:PGD:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: ₫34,240.63 vs. price of ₫22,150.00 (35.3% below fair value)
Industry Position: 20% above the Oil & Gas median (#240 of 992)
No single metric tells the full story. See the STC:PGD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Petro Viet Nam Low Pressure GAS Distribution JSC is a Vietnam-based company engaged in the distribution of low-pressure gas to industrial households. Additionally, it also trades other industrial gases, petroleum, and other oil-based products. The company's project consists of two parts namely low-pressure gas distribution pipeline and compressed natural gas processing and distribution system.
77GF Score
Get the complete analysis for STC:PGD
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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