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PT Adirana Armada TbkISX:ASSA 77 Piotroski F-Score is 7 as of Aug. 09, 2026, which is at its 10-year median of 7.00. GuruFocus rates ISX:ASSA with a GF Score™ of 77/100 and a GF Value™ of Rp1,023.53 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,058 Business Services companies, PT Adirana Armada Tbk ranks better than 89.04% 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
PT Adirana Armada Tbk has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for PT Adirana Armada Tbk's Piotroski F-Score or its related term are showing as below:
ISX:ASSA'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 7 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of PT Adirana Armada Tbk was 9. The lowest was 2. And the median was 7.
PT Adirana Armada Tbk (ISX:ASSA) 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 Adirana Armada Tbk Piotroski F-Score Related Terms
PT Adirana Armada Tbk Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PT Adirana Armada 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:ASSA vs URI, SUNB, AER: Piotroski F-Score Comparison
For the Rental & Leasing Services subindustry, PT Adirana Armada 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 Adirana Armada Tbk Piotroski F-Score vs Business Services Industry
For the Business Services industry and Industrials sector, PT Adirana Armada Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Adirana Armada 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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 143352.68 + 69149.906 + 98475.511 + 102442.293 = Rp413,420 Mil. Cash Flow from Operations was 360809.758 + 159433.399 + 283322.38 + 294276.628 = Rp1,097,842 Mil. Revenue was 1578982.96 + 1574731.274 + 1538512.122 + 1525669.7 = Rp6,217,896 Mil. Gross Profit was 524810.642 + 506003.894 + 461936.459 + 454810.521 = Rp1,947,562 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(8318703.805 + 8384621.461 + 8473094.348 + 8855120.771 + 9015923.837) / 5 = Rp8609492.8444 Mil. Total Assets at the begining of this year (Jun25) was Rp8,318,704 Mil. Long-Term Debt & Capital Lease Obligation was Rp2,810,213 Mil. Total Current Assets was Rp2,422,130 Mil. Total Current Liabilities was Rp2,456,397 Mil.
Net Income was 84249.108 + 31067.904 + 101752.109 + 103494.725 = Rp320,564 Mil.
Revenue was 1273570.595 + 1314392.462 + 1385235.716 + 1450535.932 = Rp5,423,735 Mil. Gross Profit was 399924.667 + 428597.25 + 418022.736 + 453844.148 = Rp1,700,389 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(7689779.865 + 7598227.185 + 7724162.675 + 8226429.883 + 8318703.805) / 5 = Rp7911460.6826 Mil. Total Assets at the begining of last year (Jun24) was Rp7,689,780 Mil. Long-Term Debt & Capital Lease Obligation was Rp3,049,407 Mil. Total Current Assets was Rp2,048,449 Mil. Total Current Liabilities was Rp1,998,722 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 Adirana Armada Tbk's current Net Income (TTM) was 413,420.
==> 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 Adirana Armada Tbk's current Cash Flow from Operations (TTM) was 1,097,842.
==> 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 Adirana Armada Tbk's return on assets of this year was 0.04969769. PT Adirana Armada Tbk's return on assets of last year was 0.041687.
==> 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 Adirana Armada Tbk's gearing of this year was 0.32640867. PT Adirana Armada Tbk's gearing of last year was 0.3854417.
==> 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 Adirana Armada Tbk's current ratio of this year was 0.98604957. PT Adirana Armada Tbk's current ratio of last year was 1.0248794.
==> 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 Adirana Armada Tbk's number of shares in issue this year was 3691.138. PT Adirana Armada Tbk's number of shares in issue last year was 3691.138.
==> 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 Adirana Armada Tbk's gross margin of this year was 0.31321873. PT Adirana Armada Tbk's gross margin of last year was 0.31350884.
==> 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 Adirana Armada Tbk's asset turnover of this year was 0.74745972. PT Adirana Armada Tbk's asset turnover of last year was 0.70531729.
==> 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 Adirana Armada Tbk has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
PT Adirana Armada Tbk (ISX:ASSA) has a Piotroski F-Score of 7 as of Aug. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Adirana Armada Tbk and its competitors. This is near median its historical median of 7.00. Over the past decade, PT Adirana Armada Tbk's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, PT Adirana Armada Tbk ranks #116 out of 1058 companies in the Business Services industry, placing it in the top 11%.
Is PT Adirana Armada Tbk's Piotroski F-Score too high?
PT Adirana Armada Tbk's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Business Services industry median Piotroski F-Score is 5.00. PT Adirana Armada Tbk's value of 7 is 40% above this industry median. Based on the distribution chart, PT Adirana Armada Tbk ranks #116 out of 1058 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, PT Adirana Armada Tbk has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Adirana Armada Tbk's Piotroski F-Score compare to URI and SUNB?
According to the Business Services industry distribution chart, PT Adirana Armada Tbk ranks #116 out of 1058 companies for Piotroski F-Score. This places PT Adirana Armada Tbk in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. PT Adirana Armada Tbk's value of 7 is 40% above this benchmark. Historically, PT Adirana Armada Tbk's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, PT Adirana Armada 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 1,058 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 Adirana Armada Tbk'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 PT Adirana Armada 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 Adirana Armada Tbk's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Adirana Armada Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Adirana Armada Tbk (ISX:ASSA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,023.53, compared to a current price of Rp635.00 — trading 38% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Business Services industry median of 5.00. PT Adirana Armada Tbk's overall GF Score™ is 77/100 with 2 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 Adirana Armada Tbk (ISX:ASSA), the current Piotroski F-Score is 7 as of Aug. 09, 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 Adirana Armada Tbk (ISX:ASSA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Adirana Armada Tbk stock appears to be undervalued.
The current stock price of Rp635.00 is trading 38% below its estimated GF Value™ of Rp1,023.53.
GuruFocus considers PT Adirana Armada Tbk to be Possible Value Trap.
Key valuation signals for ISX:ASSA:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: Rp1,023.53 vs. price of Rp635.00 (38% below fair value)
Industry Position: 40% above the Business Services median (#116 of 1058)
No single metric tells the full story. See the ISX:ASSA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Adi Sarana Armada Tbk provides integrated transportation solutions in the form of vehicle rental services. The company is engaged in businesses in inland transportation, including passenger transportation by means of buses, sedans, and other land vehicles, transporting goods, delivery, transportation management, expeditions, and warehouses, and provides long and short-term rental services. The company's segment includes Autopool Passenger Car Vehicle Rental Segment, Delivery Service Segment, Used Vehicle Sales segment, Steering Driver Rental Segment, Auction Services Segment, Logistics and Warehouse Management Segment, and Other segment. The majority of its revenue is generated from the Auction Services segment.
77GF Score
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