Piotroski F-Score of 3 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Wijaya Karya (Persero) Tbk has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
The historical rank and industry rank for PT Wijaya Karya (Persero) Tbk's Piotroski F-Score or its related term are showing as below:
FRA:5AA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 4 Max: 8
Current: 3
During the past 13 years, the highest Piotroski F-Score of PT Wijaya Karya (Persero) Tbk was 8. The lowest was 1. And the median was 4.
PT Wijaya Karya (Persero) Tbk (FRA:5AA) 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.
PT Wijaya Karya (Persero) Tbk Piotroski F-Score Related Terms
PT Wijaya Karya (Persero) Tbk 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.
PT Wijaya Karya (Persero) Tbk Piotroski F-Score Chart
FRA:5AA vs PWR, EME, J: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, PT Wijaya Karya (Persero) Tbk'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.
PT Wijaya Karya (Persero) Tbk Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, PT Wijaya Karya (Persero) Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Wijaya Karya (Persero) Tbk'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.
*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.
PT Wijaya Karya (Persero) Tbk's current Net Income (TTM) was -517.1.
==> Negative ==> Score 0.
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.
PT Wijaya Karya (Persero) Tbk's current Cash Flow from Operations (TTM) was -41.4.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
PT Wijaya Karya (Persero) Tbk's return on assets of this year was -0.15059949. PT Wijaya Karya (Persero) Tbk's return on assets of last year was -0.03056613.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
PT Wijaya Karya (Persero) Tbk's gearing of this year was 0.52018155. PT Wijaya Karya (Persero) Tbk's gearing of last year was 0.44598163.
==> 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
PT Wijaya Karya (Persero) Tbk's current ratio of this year was 1.26018824. PT Wijaya Karya (Persero) Tbk's current ratio of last year was 1.55198441.
==> 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.
PT Wijaya Karya (Persero) Tbk's number of shares in issue this year was 39873.064. PT Wijaya Karya (Persero) Tbk's number of shares in issue last year was 39873.064.
==> 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.
PT Wijaya Karya (Persero) Tbk's gross margin of this year was 0.08849246. PT Wijaya Karya (Persero) Tbk's gross margin of last year was 0.07773122.
==> 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
PT Wijaya Karya (Persero) Tbk's asset turnover of this year was 0.19289961. PT Wijaya Karya (Persero) Tbk's asset turnover of last year was 0.28944212.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Wijaya Karya (Persero) Tbk has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
PT Wijaya Karya (Persero) Tbk (FRA:5AA) has a Piotroski F-Score of 3 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Wijaya Karya (Persero) Tbk and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, PT Wijaya Karya (Persero) Tbk's Piotroski F-Score has ranged from 1.00 to 8.00.
Is PT Wijaya Karya (Persero) Tbk's Piotroski F-Score too high?
PT Wijaya Karya (Persero) Tbk's current Piotroski F-Score of 3 is 25% below median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Construction industry median Piotroski F-Score is 5.00. PT Wijaya Karya (Persero) Tbk's value of 3 is 40% below this industry median. Overall, PT Wijaya Karya (Persero) Tbk has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does PT Wijaya Karya (Persero) Tbk's Piotroski F-Score compare to PWR and EME?
PT Wijaya Karya (Persero) Tbk's Piotroski F-Score of 3 can be compared against companies in the Construction industry. The industry median Piotroski F-Score is 5.00. PT Wijaya Karya (Persero) Tbk's value of 3 is 40% below this benchmark. Historically, PT Wijaya Karya (Persero) Tbk's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, PT Wijaya Karya (Persero) Tbk 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,729 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. PT Wijaya Karya (Persero) Tbk's current Piotroski F-Score of 3 is 40% 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 PT Wijaya Karya (Persero) Tbk and its competitors. For the Construction 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. PT Wijaya Karya (Persero) Tbk's current Piotroski F-Score is 3, which is 25% below median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Wijaya Karya (Persero) Tbk stock overvalued right now?
PT Wijaya Karya (Persero) Tbk (FRA:5AA) has a current Piotroski F-Score of 3. The current Piotroski F-Score is 3, which is 25% below median its 10-year median of 4.00 and 40% below the Construction industry median of 5.00. PT Wijaya Karya (Persero) Tbk's overall GF Score™ is 10/100 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 PT Wijaya Karya (Persero) Tbk (FRA:5AA), the current Piotroski F-Score is 3 as of Jun. 28, 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.
PT Wijaya Karya (Persero) Tbk Business Description
PT Wijaya Karya (Persero) Tbk is an engineering and construction firm focusing on construction, large infrastructure projects, energy plants, real estate, and other developments. It constructs transportation networks for public systems and builds residential and commercial buildings for various end markets. The firm has five business segments: infrastructure and buildings, energy and industrial plants, Investment, realty and property, and industry. The company generates the majority of its revenue from Infrastructure and Building, which consists of a general civil construction services business that includes the construction of commercial facilities and infrastructure such as roads, bridges, seaports, airports, jetties, and residential construction.
10GF Score
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