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 Arpeni Pratama Ocean Line 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 Arpeni Pratama Ocean Line Tbk's Piotroski F-Score or its related term are showing as below:
FRA:A5DA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 4 Max: 8
Current: 3
During the past 12 years, the highest Piotroski F-Score of PT Arpeni Pratama Ocean Line Tbk was 8. The lowest was 3. And the median was 4.
PT Arpeni Pratama Ocean Line Tbk (FRA:A5DA) 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 Arpeni Pratama Ocean Line Tbk Piotroski F-Score Related Terms
PT Arpeni Pratama Ocean Line 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 Arpeni Pratama Ocean Line Tbk Piotroski F-Score Chart
PT Arpeni Pratama Ocean Line Tbk Piotroski F-Score Competitor Comparison
For the Marine Shipping subindustry, PT Arpeni Pratama Ocean Line 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 Arpeni Pratama Ocean Line Tbk Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, PT Arpeni Pratama Ocean Line Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Arpeni Pratama Ocean Line 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 Arpeni Pratama Ocean Line Tbk's current Net Income (TTM) was -52.41.
==> 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 Arpeni Pratama Ocean Line Tbk's current Cash Flow from Operations (TTM) was -6.42.
==> 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 Arpeni Pratama Ocean Line Tbk's return on assets of this year was -0.8627961. PT Arpeni Pratama Ocean Line Tbk's return on assets of last year was -0.27603454.
==> 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 Arpeni Pratama Ocean Line Tbk's gearing of this year was 0.00153252. PT Arpeni Pratama Ocean Line Tbk's gearing of last year was 0.00073481.
==> 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 Arpeni Pratama Ocean Line Tbk's current ratio of this year was 0.122343. PT Arpeni Pratama Ocean Line Tbk's current ratio of last year was 0.04432446.
==> This year's current ratio is higher. ==> Score 1.
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 Arpeni Pratama Ocean Line Tbk's number of shares in issue this year was 16452.282. PT Arpeni Pratama Ocean Line Tbk's number of shares in issue last year was 8739.739.
==> There is larger number of shares in issue this year. ==> Score 0.
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 Arpeni Pratama Ocean Line Tbk's gross margin of this year was 0.13667385. PT Arpeni Pratama Ocean Line Tbk's gross margin of last year was 0.27383555.
==> 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
PT Arpeni Pratama Ocean Line Tbk's asset turnover of this year was 0.54993498. PT Arpeni Pratama Ocean Line Tbk's asset turnover of last year was 0.43941508.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Arpeni Pratama Ocean Line Tbk has an F-score of 3. It is a bad or low score, which usually implies poor business operation.
PT Arpeni Pratama Ocean Line Tbk (FRA:A5DA) 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 Arpeni Pratama Ocean Line Tbk and its competitors. This is 25% below median its historical median of 4.00. Over the past decade, PT Arpeni Pratama Ocean Line Tbk's Piotroski F-Score has ranged from 3.00 to 8.00.
Is PT Arpeni Pratama Ocean Line Tbk's Piotroski F-Score too high?
PT Arpeni Pratama Ocean Line 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 3.00 to a high of 8.00. The Transportation industry median Piotroski F-Score is 6.00. PT Arpeni Pratama Ocean Line Tbk's value of 3 is 50% below this industry median.
How does PT Arpeni Pratama Ocean Line Tbk's Piotroski F-Score compare to competitors?
PT Arpeni Pratama Ocean Line Tbk's Piotroski F-Score of 3 can be compared against companies in the Transportation industry. The industry median Piotroski F-Score is 6.00. PT Arpeni Pratama Ocean Line Tbk's value of 3 is 50% below this benchmark. Historically, PT Arpeni Pratama Ocean Line Tbk'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 4.00 vs. the industry median of 6.00, PT Arpeni Pratama Ocean Line 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 973 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 Arpeni Pratama Ocean Line Tbk's current Piotroski F-Score of 3 is 50% 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 Arpeni Pratama Ocean Line Tbk and its competitors. For the Transportation 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. PT Arpeni Pratama Ocean Line 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 Arpeni Pratama Ocean Line Tbk stock overvalued right now?
PT Arpeni Pratama Ocean Line Tbk (FRA:A5DA) 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 50% below the Transportation industry median of 6.00. 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 Arpeni Pratama Ocean Line Tbk (FRA:A5DA), 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 Arpeni Pratama Ocean Line Tbk Business Description
PT Arpeni Pratama Ocean Line Tbk is Indonesian shipping company. The company is engaged in the domestic and international transportation of cargo by vessels, sale, and purchase of vessels. It uses its vessels for the transport of coal, iron ore, wheat, soybeans, and grains to various countries. In addition, the company also owns and operates the dry bulk fleet, including panamax bulk carriers, tugboats, barges, and floating cranes. The company operates through three segments namely, Shipping Services which also contributes a major part of revenue, Agency Services, and Non-Asset Based Busines. Most of its revenue is earned through the Indonesian market.
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