THFRF (Thai Union Group PCL) Piotroski F-Score: 5 (As of Jun. 27, 2026) — 17% Below Median


THFRF Thai Union Group PCL THFRF
74 GF Score
Price $0.43
GF Value $0.54
! 6 Warning Signs
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What is Thai Union Group PCL Piotroski F-Score?

Thai Union Group PCL THFRF 74 Piotroski F-Score is 5 as of Jun. 27, 2026, which is 17% below its 10-year median of 6.00. GuruFocus rates THFRF with a GF Score™ of 74/100 and a GF Value™ of $0.54. The stock has 6 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, Thai Union Group PCL ranks better than 52.07% 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

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

THFRF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 8
Current: 5

During the past 13 years, the highest Piotroski F-Score of Thai Union Group PCL was 8. The lowest was 3. And the median was 6.

Thai Union Group PCL  (OTCPK:THFRF) 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.


Thai Union Group PCL Piotroski F-Score Related Terms


Thai Union Group PCL Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for Thai Union Group 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.

Thai Union Group PCL Piotroski F-Score Chart

Thai Union Group 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 6.00 5.00 4.00 7.00 6.00

Thai Union Group 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 8.00 8.00 7.00 6.00 5.00

THFRF vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, Thai Union Group 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.


Thai Union Group PCL Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Union Group PCL's Piotroski F-Score distribution charts can be found below:

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


THFRF
74GF Score
Thai Union Group PCL THFRF
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 39.056 + 40.807 + 32.09 + 34.506 = $146 Mil.
Cash Flow from Operations was 90.469 + 91.173 + -48.092 + 17.883 = $151 Mil.
Revenue was 1024.724 + 1079.375 + 1109.709 + 993.538 = $4,207 Mil.
Gross Profit was 201.54 + 204.87 + 202.992 + 180.539 = $790 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4683.045 + 4926.987 + 4954.3 + 5014.295 + 4966.791) / 5 = $4909.0836 Mil.
Total Assets at the begining of this year (Mar25) was $4,683 Mil.
Long-Term Debt & Capital Lease Obligation was $1,264 Mil.
Total Current Assets was $2,580 Mil.
Total Current Liabilities was $1,786 Mil.
Net Income was 33.196 + 42.107 + 35.526 + 30.178 = $141 Mil.

Revenue was 961.146 + 1047.695 + 1027.736 + 881.987 = $3,919 Mil.
Gross Profit was 178.016 + 204.278 + 191.949 + 166.144 = $740 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(4507.178 + 4399.298 + 4677.432 + 4537.123 + 4683.045) / 5 = $4560.8152 Mil.
Total Assets at the begining of last year (Mar24) was $4,507 Mil.
Long-Term Debt & Capital Lease Obligation was $1,147 Mil.
Total Current Assets was $2,397 Mil.
Total Current Liabilities was $1,601 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.

Thai Union Group PCL's current Net Income (TTM) was 146. ==> 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.

Thai Union Group PCL's current Cash Flow from Operations (TTM) was 151. ==> 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)
=146.459/4683.045
=0.03127431

ROA (Last Year)=Net Income/Total Assets (Mar24)
=141.007/4507.178
=0.03128499

Thai Union Group PCL's return on assets of this year was 0.03127431. Thai Union Group PCL's return on assets of last year was 0.03128499. ==> 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.

Thai Union Group PCL's current Net Income (TTM) was 146. Thai Union Group PCL's current Cash Flow from Operations (TTM) was 151. ==> 151 > 146 ==> 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
=1263.541/4909.0836
=0.25738836

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=1147.011/4560.8152
=0.25149254

Thai Union Group PCL's gearing of this year was 0.25738836. Thai Union Group PCL's gearing of last year was 0.25149254. ==> 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
=2579.908/1786.412
=1.44418421

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2397.294/1600.959
=1.49741124

Thai Union Group PCL's current ratio of this year was 1.44418421. Thai Union Group PCL's current ratio of last year was 1.49741124. ==> 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.

Thai Union Group PCL's number of shares in issue this year was 3855.094. Thai Union Group PCL's number of shares in issue last year was 4166.118. ==> 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
=789.941/4207.346
=0.1877528

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=740.387/3918.564
=0.18894345

Thai Union Group PCL's gross margin of this year was 0.1877528. Thai Union Group PCL's gross margin of last year was 0.18894345. ==> 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)
=4207.346/4683.045
=0.89842101

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3918.564/4507.178
=0.8694052

Thai Union Group PCL's asset turnover of this year was 0.89842101. Thai Union Group PCL's asset turnover of last year was 0.8694052. ==> 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

Thai Union Group 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?
Thai Union Group PCL (THFRF) has a Piotroski F-Score of 5 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Thai Union Group PCL and its competitors. This is 17% below median its historical median of 6.00. Over the past decade, Thai Union Group PCL's Piotroski F-Score has ranged from 3.00 to 8.00. According to the industry distribution chart, Thai Union Group PCL ranks #916 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 47.9%.
Is Thai Union Group PCL's Piotroski F-Score too high?
Thai Union Group 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 3.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Thai Union Group PCL's value of 5 is 0% at this industry median. Based on the distribution chart, Thai Union Group PCL ranks #916 out of 1911 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Thai Union Group PCL has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Thai Union Group PCL's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Thai Union Group PCL ranks #916 out of 1911 companies for Piotroski F-Score. This puts Thai Union Group PCL in the upper half of its industry. The industry median Piotroski F-Score is 5.00. Thai Union Group PCL's value of 5 is 0% at this benchmark. Historically, Thai Union Group 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, Thai Union Group 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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. Thai Union Group 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 Thai Union Group PCL and its competitors. For the Consumer Packaged Goods 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. Thai Union Group 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 Thai Union Group PCL stock overvalued right now?
Thai Union Group PCL (THFRF) has a current Piotroski F-Score of 5. The stock's GF Value™ is $0.54, compared to a current price of $0.43 — trading 20.4% 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 Consumer Packaged Goods industry median of 5.00. Thai Union Group PCL's overall GF Score™ is 74/100 with 6 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 Thai Union Group PCL (THFRF), the current Piotroski F-Score is 5 as of Jun. 27, 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 Thai Union Group PCL (THFRF) Overvalued in 2026?

Based on GuruFocus' analysis, Thai Union Group PCL stock appears to be undervalued. The current stock price of $0.43 is trading 20.4% below its estimated GF Value™ of $0.54.

Key valuation signals for THFRF:

  • Piotroski F-Score: 5 (17% below median its 10-year median of 6.00)
  • GF Value™: $0.54 vs. price of $0.43 (20.4% below fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 0% at the Consumer Packaged Goods median (#916 of 1911)

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


Thai Union Group PCL Business Description

Address 72/1 Moo 7, Sethakit 1 Road, Tarsrai Sub-district, Amphur Muang, Samutsakorn, Samut sakhon, THA, 74000
Thai Union Group PCL is a seafood-based food products company. The company sells its products locally in Thailand, as well as in North America and Europe. The business categories are ambient seafood (tuna, salmon, sardine, mackerel); frozen and chilled seafood and related products (shrimp, lobster, salmon); and pet food and value-added. In North America, Thai Union's portfolio contains tuna, salmon, and sardines, sold in different varieties under the Chicken of the Sea and Genova brands. In Europe, the company offers seafood and fish products under brands such as John West, Petit Navire, Parmentier, King Oscar, Mareblum, and Rugen Fisch. In Asia-Pacific, the local brands are Century, Sealect, Fisho, Bellotta, and Marvo. Majority of revenue is from USA.
74GF Score

Get the complete analysis for THFRF

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

$0.43
Price
$0.54
GF Value