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Indofood Agri ResourcesFRA:ZVF -1.74%55 Piotroski F-Score is 7 as of Aug. 08, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates FRA:ZVF with a GF Score™ of 55/100 and a GF Value™ of €0.24 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,909 Consumer Packaged Goods companies, Indofood Agri Resources ranks better than 88.37% on this metric.
Good Sign:
Piotroski F-Score is 7, indicates a very healthy situation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Indofood Agri Resources 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 Indofood Agri Resources's Piotroski F-Score or its related term are showing as below:
FRA:ZVF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of Indofood Agri Resources was 9. The lowest was 4. And the median was 6.
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.
Indofood Agri Resources Piotroski F-Score Related Terms
Indofood Agri Resources Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for Indofood Agri Resources'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.
For the Packaged Foods subindustry, Indofood Agri Resources'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.
Indofood Agri Resources Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Indofood Agri Resources's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Indofood Agri Resources'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.
Indofood Agri Resources's current Net Income (TTM) was 65.
==> 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.
Indofood Agri Resources's current Cash Flow from Operations (TTM) was 173.
==> 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.
Indofood Agri Resources's return on assets of this year was 0.02786212. Indofood Agri Resources's return on assets of last year was 0.03036866.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Indofood Agri Resources's gearing of this year was 0.00908053. Indofood Agri Resources's gearing of last year was 0.04616477.
==> This year is lower or equal to last year. ==> Score 1.
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
Indofood Agri Resources's current ratio of this year was 1.27291954. Indofood Agri Resources's current ratio of last year was 1.50115604.
==> 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.
Indofood Agri Resources's number of shares in issue this year was 1395.905. Indofood Agri Resources's number of shares in issue last year was 1395.905.
==> 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.
Indofood Agri Resources's gross margin of this year was 0.2562343. Indofood Agri Resources's gross margin of last year was 0.29840296.
==> 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
Indofood Agri Resources's asset turnover of this year was 0.46187684. Indofood Agri Resources's asset turnover of last year was 0.43347609.
==> 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
Indofood Agri Resources has an F-score of 6 indicating the company's financial situation is typical for a stable company.
Indofood Agri Resources (FRA:ZVF) has a Piotroski F-Score of 7 as of Aug. 08, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on Indofood Agri Resources and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, Indofood Agri Resources' Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, Indofood Agri Resources ranks #222 out of 1909 companies in the Consumer Packaged Goods industry, placing it in the top 11.6%.
Is Indofood Agri Resources' Piotroski F-Score too high?
Indofood Agri Resources' current Piotroski F-Score of 7 is 17% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. Indofood Agri Resources' value of 7 is 40% above this industry median. Based on the distribution chart, Indofood Agri Resources ranks #222 out of 1909 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Indofood Agri Resources has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indofood Agri Resources' Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Indofood Agri Resources ranks #222 out of 1909 companies for Piotroski F-Score. This places Indofood Agri Resources in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. Indofood Agri Resources' value of 7 is 40% above this benchmark. Historically, Indofood Agri Resources' own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, Indofood Agri Resources has consistently been above 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 1,909 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. Indofood Agri Resources's current Piotroski F-Score of 7 is 40% above 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 Indofood Agri Resources 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. Indofood Agri Resources's current Piotroski F-Score is 7, which is 17% above 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 Indofood Agri Resources stock overvalued right now?
Based on GuruFocus' analysis, Indofood Agri Resources (FRA:ZVF) is currently considered Fairly Valued. The stock's GF Value™ is €0.24, compared to a current price of €0.23 — trading 5.8% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 40% above the Consumer Packaged Goods industry median of 5.00. Indofood Agri Resources' overall GF Score™ is 55/100 with 1 warning sign 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 Indofood Agri Resources (FRA:ZVF), the current Piotroski F-Score is 7 as of Aug. 08, 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 Indofood Agri Resources (FRA:ZVF) Overvalued in 2026?
Based on GuruFocus' analysis, Indofood Agri Resources stock appears to be undervalued.
The current stock price of €0.23 is trading 5.8% below its estimated GF Value™ of €0.24.
GuruFocus considers Indofood Agri Resources to be Fairly Valued.
Key valuation signals for FRA:ZVF:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: €0.24 vs. price of €0.23 (5.8% below fair value)
Industry Position: 40% above the Consumer Packaged Goods median (#222 of 1909)
No single metric tells the full story. See the FRA:ZVF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indofood Agri Resources Ltd is a vertically-integrated agribusiness group, with its principal activities comprising research and development, oil palm seed breeding, cultivation of oil palm plantations, production and refining of crude palm oil, cultivation of rubber, sugar cane, cocoa, coconut, tea, and industrial timber plantations, and marketing and selling these end products. The company has two reportable operating segments: Plantations and the Edible Oils and Fats segment. The majority of revenue is derived from the Edible oils and fats segment, which produces, markets and sells edible oil, margarine, shortening and other related products and its derivative products. Geographically, the maximum revenue is generated from Indonesia.
55GF Score
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