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PT Arkora Hydro TbkISX:ARKO 74 Piotroski F-Score is 5 as of Jul. 26, 2026, which is 67% above its 10-year median of 3.00. GuruFocus rates ISX:ARKO with a GF Score™ of 74/100 and a GF Value™ of Rp1,754.67 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 420 Utilities - Independent Power Producers companies, PT Arkora Hydro Tbk ranks better than 61.67% 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
PT Arkora Hydro Tbk 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 PT Arkora Hydro Tbk's Piotroski F-Score or its related term are showing as below:
ISX:ARKO'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 3 Max: 6
Current: 5
During the past 8 years, the highest Piotroski F-Score of PT Arkora Hydro Tbk was 6. The lowest was 2. And the median was 3.
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 Arkora Hydro Tbk Piotroski F-Score Related Terms
PT Arkora Hydro Tbk Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PT Arkora Hydro Tbk'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 Utilities - Renewable subindustry, PT Arkora Hydro 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 Arkora Hydro Tbk Piotroski F-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, PT Arkora Hydro Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Arkora Hydro 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.
This Year (Mar26) TTM:
Last Year (Mar25) TTM:
Net Income was 15779.9 + 10800.542 + 16225.548 + 17263.807 = Rp60,070 Mil. Cash Flow from Operations was -7929.625 + -59090.782 + -33197.279 + 3948.777 = Rp-96,269 Mil. Revenue was 71468.748 + 104900.594 + 95885.98 + 68055.652 = Rp340,311 Mil. Gross Profit was 19967.3 + 34789.205 + 411.431 + 26395.588 = Rp81,564 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1465911.384 + 1495178.367 + 1588735.545 + 1696543.814 + 1706020.219) / 5 = Rp1590477.8658 Mil. Total Assets at the begining of this year (Mar25) was Rp1,465,911 Mil. Long-Term Debt & Capital Lease Obligation was Rp673,584 Mil. Total Current Assets was Rp284,657 Mil. Total Current Liabilities was Rp412,045 Mil.
Net Income was 15445.465 + 9830.58 + 1245.988 + 21097.466 = Rp47,619 Mil.
Revenue was 54434.129 + 53183.938 + 85400.038 + 71066.06 = Rp264,084 Mil. Gross Profit was 17767.083 + 28708.122 + -9159.548 + 34544.825 = Rp71,860 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1216745.419 + 1249518.958 + 1271814.026 + 1319354.659 + 1465911.384) / 5 = Rp1304668.8892 Mil. Total Assets at the begining of last year (Mar24) was Rp1,216,745 Mil. Long-Term Debt & Capital Lease Obligation was Rp811,949 Mil. Total Current Assets was Rp214,460 Mil. Total Current Liabilities was Rp87,389 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.
PT Arkora Hydro Tbk's current Net Income (TTM) was 60,070.
==> 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.
PT Arkora Hydro Tbk's current Cash Flow from Operations (TTM) was -96,269.
==> 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 Arkora Hydro Tbk's return on assets of this year was 0.04097778. PT Arkora Hydro Tbk's return on assets of last year was 0.03913678.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
PT Arkora Hydro Tbk's gearing of this year was 0.42351026. PT Arkora Hydro Tbk's gearing of last year was 0.62234079.
==> 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
PT Arkora Hydro Tbk's current ratio of this year was 0.69084084. PT Arkora Hydro Tbk's current ratio of last year was 2.45409331.
==> 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 Arkora Hydro Tbk's number of shares in issue this year was 2928.495. PT Arkora Hydro Tbk's number of shares in issue last year was 2928.495.
==> 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 Arkora Hydro Tbk's gross margin of this year was 0.23967351. PT Arkora Hydro Tbk's gross margin of last year was 0.27211204.
==> 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 Arkora Hydro Tbk's asset turnover of this year was 0.23214976. PT Arkora Hydro Tbk's asset turnover of last year was 0.21704143.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Arkora Hydro Tbk has an F-score of 5 indicating the company's financial situation is typical for a stable company.
PT Arkora Hydro Tbk (ISX:ARKO) has a Piotroski F-Score of 5 as of Jul. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Arkora Hydro Tbk and its competitors. This is 67% above median its historical median of 3.00. Over the past decade, PT Arkora Hydro Tbk's Piotroski F-Score has ranged from 2.00 to 6.00. According to the industry distribution chart, PT Arkora Hydro Tbk ranks #161 out of 420 companies in the Utilities - Independent Power Producers industry, placing it in the top 38.3%.
Is PT Arkora Hydro Tbk's Piotroski F-Score too high?
PT Arkora Hydro Tbk's current Piotroski F-Score of 5 is 67% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 6.00. The Utilities - Independent Power Producers industry median Piotroski F-Score is 5.00. PT Arkora Hydro Tbk's value of 5 is 0% at this industry median. Based on the distribution chart, PT Arkora Hydro Tbk ranks #161 out of 420 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, PT Arkora Hydro Tbk has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Arkora Hydro Tbk's Piotroski F-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, PT Arkora Hydro Tbk ranks #161 out of 420 companies for Piotroski F-Score. This puts PT Arkora Hydro Tbk in the upper half of its industry. The industry median Piotroski F-Score is 5.00. PT Arkora Hydro Tbk's value of 5 is 0% at this benchmark. Historically, PT Arkora Hydro Tbk's own Piotroski F-Score has ranged from 2.00 to 6.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 5.00, PT Arkora Hydro Tbk 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 an Utilities - Independent Power Producers company?
The median Piotroski F-Score among Utilities - Independent Power Producers companies is 5.00, based on 420 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 Arkora Hydro Tbk'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 PT Arkora Hydro Tbk and its competitors. For the Utilities - Independent Power Producers 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 Arkora Hydro Tbk's current Piotroski F-Score is 5, which is 67% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Arkora Hydro Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Arkora Hydro Tbk (ISX:ARKO) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp1,754.67, compared to a current price of Rp5,700.00 — trading 224.8% above its estimated fair value. The current Piotroski F-Score is 5, which is 67% above median its 10-year median of 3.00 and 0% at the Utilities - Independent Power Producers industry median of 5.00. PT Arkora Hydro Tbk's overall GF Score™ is 74/100 with 5 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 Arkora Hydro Tbk (ISX:ARKO), the current Piotroski F-Score is 5 as of Jul. 26, 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 PT Arkora Hydro Tbk (ISX:ARKO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Arkora Hydro Tbk stock appears to be overvalued.
The current stock price of Rp5,700.00 is trading 224.8% above its estimated GF Value™ of Rp1,754.67.
GuruFocus considers PT Arkora Hydro Tbk to be Significantly Overvalued.
Key valuation signals for ISX:ARKO:
Piotroski F-Score: 5 (67% above median its 10-year median of 3.00)
GF Value™: Rp1,754.67 vs. price of Rp5,700.00 (224.8% above fair value)
Industry Position: 0% at the Utilities - Independent Power Producers median (#161 of 420)
No single metric tells the full story. See the ISX:ARKO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Arkora Hydro Tbk is dedicated to the development and operation of hydropower plants in Indonesia. The company owns and develops hydropower plant facilities that operate in a run-of-river fashion throughout Indonesia. The run-of-river hydropower plant is the type of power plant where little or no water storage is needed. The company's reportable segments are; the 7.4 MW mini hydro powerplant in Cikopo (West Java), the 10 MW mini hydro power plant in Tomasa (Sulawesi Tengah), the 10 MW minihydro electric power plant in Yaentu (Central Sulawesi), the 5.4 MW minihydro electric power plant in Kukusan (Lampung), and the 10 MW minihydro electric power plant in Tomoni (Sulawesi Selatan), and other construction services.
74GF Score
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