PT Astra Graphia TbkISX:ASGR +4.45%69 Piotroski F-Score is 8 as of Jul. 05, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates ISX:ASGR with a GF Score™ of 69/100 and a GF Value™ of Rp933.89 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,065 Business Services companies, PT Astra Graphia Tbk ranks better than 97.65% on this metric.
Good Sign:
Piotroski F-Score is 8, 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
PT Astra Graphia Tbk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for PT Astra Graphia Tbk's Piotroski F-Score or its related term are showing as below:
ISX:ASGR'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 9
Current: 8
During the past 13 years, the highest Piotroski F-Score of PT Astra Graphia Tbk 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.
PT Astra Graphia Tbk Piotroski F-Score Related Terms
PT Astra Graphia Tbk Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PT Astra Graphia 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.
ISX:ASGR vs CTAS, CPRT, ULS: Piotroski F-Score Comparison
For the Specialty Business Services subindustry, PT Astra Graphia 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 Astra Graphia Tbk Piotroski F-Score vs Business Services Industry
For the Business Services industry and Industrials sector, PT Astra Graphia Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Astra Graphia 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 59070 + 75067 + 89355 + 69486 = Rp292,978 Mil. Cash Flow from Operations was 41100 + 238120 + 133221 + 12975 = Rp425,416 Mil. Revenue was 804599 + 735824 + 729082 + 759829 = Rp3,029,334 Mil. Gross Profit was 170298 + 179668 + 223467 + 168830 = Rp742,263 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2864659 + 2864893 + 2939867 + 3118840 + 3056884) / 5 = Rp2969028.6 Mil. Total Assets at the begining of this year (Mar25) was Rp2,864,659 Mil. Long-Term Debt & Capital Lease Obligation was Rp13,769 Mil. Total Current Assets was Rp2,632,646 Mil. Total Current Liabilities was Rp844,227 Mil.
Net Income was 52816 + 68413 + 54100 + 47125 = Rp222,454 Mil.
Revenue was 676656 + 750357 + 775888 + 721283 = Rp2,924,184 Mil. Gross Profit was 169601 + 175159 + 158601 + 151176 = Rp654,537 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2575246 + 2604617 + 2742821 + 2948437 + 2864659) / 5 = Rp2747156 Mil. Total Assets at the begining of last year (Mar24) was Rp2,575,246 Mil. Long-Term Debt & Capital Lease Obligation was Rp16,351 Mil. Total Current Assets was Rp2,382,411 Mil. Total Current Liabilities was Rp836,405 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 Astra Graphia Tbk's current Net Income (TTM) was 292,978.
==> 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 Astra Graphia Tbk's current Cash Flow from Operations (TTM) was 425,416.
==> 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.
PT Astra Graphia Tbk's return on assets of this year was 0.10227325. PT Astra Graphia Tbk's return on assets of last year was 0.08638165.
==> 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 Astra Graphia Tbk's gearing of this year was 0.00463754. PT Astra Graphia Tbk's gearing of last year was 0.00595197.
==> 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 Astra Graphia Tbk's current ratio of this year was 3.1184101. PT Astra Graphia Tbk's current ratio of last year was 2.84839402.
==> 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 Astra Graphia Tbk's number of shares in issue this year was 1349. PT Astra Graphia Tbk's number of shares in issue last year was 1349.
==> 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 Astra Graphia Tbk's gross margin of this year was 0.24502514. PT Astra Graphia Tbk's gross margin of last year was 0.22383578.
==> 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 Astra Graphia Tbk's asset turnover of this year was 1.05748503. PT Astra Graphia Tbk's asset turnover of last year was 1.13549696.
==> 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 Astra Graphia Tbk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
PT Astra Graphia Tbk (ISX:ASGR) has a Piotroski F-Score of 8 as of Jul. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Astra Graphia Tbk and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, PT Astra Graphia Tbk's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, PT Astra Graphia Tbk ranks #25 out of 1065 companies in the Business Services industry, placing it in the top 2.3%.
Is PT Astra Graphia Tbk's Piotroski F-Score too high?
PT Astra Graphia Tbk's current Piotroski F-Score of 8 is 33% 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 Business Services industry median Piotroski F-Score is 5.00. PT Astra Graphia Tbk's value of 8 is 60% above this industry median. Based on the distribution chart, PT Astra Graphia Tbk ranks #25 out of 1065 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, PT Astra Graphia Tbk has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Astra Graphia Tbk's Piotroski F-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, PT Astra Graphia Tbk ranks #25 out of 1065 companies for Piotroski F-Score. This places PT Astra Graphia Tbk in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. PT Astra Graphia Tbk's value of 8 is 60% above this benchmark. Historically, PT Astra Graphia Tbk's 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, PT Astra Graphia Tbk 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 Business Services company?
The median Piotroski F-Score among Business Services companies is 5.00, based on 1,065 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 Astra Graphia Tbk's current Piotroski F-Score of 8 is 60% 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 PT Astra Graphia Tbk and its competitors. For the Business Services 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 Astra Graphia Tbk's current Piotroski F-Score is 8, which is 33% 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 PT Astra Graphia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Astra Graphia Tbk (ISX:ASGR) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp933.89, compared to a current price of Rp1,525.00 — trading 63.3% above its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Business Services industry median of 5.00. PT Astra Graphia Tbk's overall GF Score™ is 69/100 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 PT Astra Graphia Tbk (ISX:ASGR), the current Piotroski F-Score is 8 as of Jul. 05, 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 Astra Graphia Tbk (ISX:ASGR) Overvalued in 2026?
Based on GuruFocus' analysis, PT Astra Graphia Tbk stock appears to be overvalued.
The current stock price of Rp1,525.00 is trading 63.3% above its estimated GF Value™ of Rp933.89.
GuruFocus considers PT Astra Graphia Tbk to be Significantly Overvalued.
Key valuation signals for ISX:ASGR:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: Rp933.89 vs. price of Rp1,525.00 (63.3% above fair value)
Industry Position: 60% above the Business Services median (#25 of 1065)
No single metric tells the full story. See the ISX:ASGR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Astra Graphia Tbk is an Indonesian company that offers document, information, and communication technology solutions. The company engages in trading, industrial and consulting services, office equipment and supplies contractor services, telecommunications, and investments in other entities. It also provides information and communication solutions such as digital printing services for variable data, office supplies, and office product delivery services. The company organizes its business into two segments: Document Solutions, Information Technology Solutions.
69GF Score
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