Not-An-Expert, but it looks like random words to me.

The outfit is wrong (Thoth never wore mail in images I find) and the seated figure below his name (below the word for "scribe") is an ordinary person and not the symbol for deity. Also, the proportions are wrong - they had standardized ways of drawing the human/humanoid figure and this one's got the wrong proportions.

-- Byrd
Moderator, Hall of Ma'at