Thaicom PCL (STU:NYVP) Piotroski F-Score: 5 (As of Aug. 01, 2026) — Near Median

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STU:NYVP Thaicom PCL STU:NYVP
78 GF Score
Price €0.28
GF Value €0.30
! 7 Warning Signs
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What is Thaicom PCL Piotroski F-Score?

Thaicom PCL STU:NYVP 78 Piotroski F-Score is 5 as of Aug. 01, 2026, which is at its 10-year median of 5.00. GuruFocus rates STU:NYVP with a GF Score™ of 78/100 and a GF Value™ of €0.30. The stock has 7 warning signs investors should review. Among 353 Telecommunication Services companies, Thaicom PCL ranks worse than 50.71% 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

Thaicom PCL 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 Thaicom PCL's Piotroski F-Score or its related term are showing as below:

STU:NYVP' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Thaicom PCL was 8. The lowest was 2. And the median was 5.

Thaicom PCL  (STU:NYVP) 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.


Thaicom PCL Piotroski F-Score Related Terms


Thaicom PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Thaicom 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.

Thaicom PCL Piotroski F-Score Chart

Thaicom PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.00 6.00 6.00 2.00 5.00

Thaicom PCL Quarterly Data
Jun21 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 4.00 3.00 6.00 5.00 5.00

STU:NYVP vs VZ, TMUS, T: Piotroski F-Score Comparison

For the Telecom Services subindustry, Thaicom 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.


Thaicom PCL Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Thaicom PCL's Piotroski F-Score distribution charts can be found below:

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


STU:NYVP
78GF Score
Thaicom PCL STU:NYVP
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 -5.513 + -0.024 + 3.485 + 15.756 = €13.70 Mil.
Cash Flow from Operations was 4.518 + 2.057 + 7.798 + 5.977 = €20.35 Mil.
Revenue was 14.228 + 13.327 + 25.429 + 12.145 = €65.13 Mil.
Gross Profit was 4.629 + 4.179 + 11.447 + 2.54 = €22.80 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(424.319 + 410.324 + 442.992 + 468.772 + 442.938) / 5 = €437.869 Mil.
Total Assets at the begining of this year (Mar25) was €424.32 Mil.
Long-Term Debt & Capital Lease Obligation was €34.30 Mil.
Total Current Assets was €118.48 Mil.
Total Current Liabilities was €71.44 Mil.
Net Income was 1.59 + -15.224 + 5.275 + 3.268 = €-5.09 Mil.

Revenue was 16.152 + 16.64 + 15.43 + 13.686 = €61.91 Mil.
Gross Profit was 6.637 + 5.698 + 4.064 + 3.441 = €19.84 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(359.562 + 353.646 + 378.265 + 424.254 + 424.319) / 5 = €388.0092 Mil.
Total Assets at the begining of last year (Mar24) was €359.56 Mil.
Long-Term Debt & Capital Lease Obligation was €23.67 Mil.
Total Current Assets was €134.55 Mil.
Total Current Liabilities was €58.81 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.

Thaicom PCL's current Net Income (TTM) was 13.70. ==> 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.

Thaicom PCL's current Cash Flow from Operations (TTM) was 20.35. ==> 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)
=13.704/424.319
=0.03229646

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-5.091/359.562
=-0.01415889

Thaicom PCL's return on assets of this year was 0.03229646. Thaicom PCL's return on assets of last year was -0.01415889. ==> This year is higher. ==> Score 1.

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.

Thaicom PCL's current Net Income (TTM) was 13.70. Thaicom PCL's current Cash Flow from Operations (TTM) was 20.35. ==> 20.35 > 13.70 ==> 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
=34.298/437.869
=0.07832936

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=23.673/388.0092
=0.06101144

Thaicom PCL's gearing of this year was 0.07832936. Thaicom PCL's gearing of last year was 0.06101144. ==> 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
=118.476/71.439
=1.65842187

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=134.546/58.81
=2.2878082

Thaicom PCL's current ratio of this year was 1.65842187. Thaicom PCL's current ratio of last year was 2.2878082. ==> 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.

Thaicom PCL's number of shares in issue this year was 0. Thaicom PCL's number of shares in issue last year was 1084.782. ==> 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
=22.795/65.129
=0.3499977

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=19.84/61.908
=0.32047554

Thaicom PCL's gross margin of this year was 0.3499977. Thaicom PCL's gross margin of last year was 0.32047554. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=65.129/424.319
=0.15349065

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=61.908/359.562
=0.17217615

Thaicom PCL's asset turnover of this year was 0.15349065. Thaicom PCL's asset turnover of last year was 0.17217615. ==> 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+0+0+1+1+0
=6

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

Thaicom PCL has an F-score of 6 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?
Thaicom PCL (STU:NYVP) has a Piotroski F-Score of 5 as of Aug. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Thaicom PCL and its competitors. This is near median its historical median of 5.00. Over the past decade, Thaicom PCL's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, Thaicom PCL ranks #179 out of 353 companies in the Telecommunication Services industry, placing it in the top 50.7%.
Is Thaicom PCL's Piotroski F-Score too high?
Thaicom PCL's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 8.00. The Telecommunication Services industry median Piotroski F-Score is 6.00. Thaicom PCL's value of 5 is 16.7% below this industry median. Based on the distribution chart, Thaicom PCL ranks #179 out of 353 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Thaicom PCL has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Thaicom PCL's Piotroski F-Score compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Thaicom PCL ranks #179 out of 353 companies for Piotroski F-Score. This places Thaicom PCL in the lower half of its industry. The industry median Piotroski F-Score is 6.00. Thaicom PCL's value of 5 is 16.7% below this benchmark. Historically, Thaicom PCL's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, Thaicom 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 a Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 353 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. Thaicom PCL's current Piotroski F-Score of 5 is 16.7% 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 Thaicom PCL and its competitors. For the Telecommunication Services industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thaicom PCL's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thaicom PCL stock overvalued right now?
Thaicom PCL (STU:NYVP) has a current Piotroski F-Score of 5. The stock's GF Value™ is €0.30, compared to a current price of €0.28 — trading 5.3% below its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 16.7% below the Telecommunication Services industry median of 6.00. Thaicom PCL's overall GF Score™ is 78/100 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 Thaicom PCL (STU:NYVP), the current Piotroski F-Score is 5 as of Aug. 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 Thaicom PCL (STU:NYVP) Overvalued in 2026?

Based on GuruFocus' analysis, Thaicom PCL stock appears to be undervalued. The current stock price of €0.28 is trading 5.3% below its estimated GF Value™ of €0.30.

Key valuation signals for STU:NYVP:

  • Piotroski F-Score: 5 (near median its 10-year median of 5.00)
  • GF Value™: €0.30 vs. price of €0.28 (5.3% below fair value)
  • GF Score™: 78/100 with 7 warning signs
  • Industry Position: 16.7% below the Telecommunication Services median (#179 of 353)

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


Thaicom PCL Business Description

Other Exchanges THCOM:Thailand
Address All Seasons Place, Wireless Road, 87/1 Capital Tower, 23rd Floor, Lumpini, Pathumwan, Bangkok, THA, 10330
Thaicom PCL is engaged in transponder services for domestic & international communications, sale of the user terminal, broadband content services, sale of direct television equipment, internet data center services, internet services, satellite uplink-downlink services, broadcasting television service, telecommunication, printing, publishing of business telephone directories, banner advertising, telephone network services, mobile contents, and engineering & development services on communication technology & electronics. It operates in three segments: Satellite services, Internet services & media, and Telephone networks. The company has operations in Thailand, Singapore, Australia, India and others.
78GF Score

Get the complete analysis for STU:NYVP

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

€0.28
Price
€0.30
GF Value