Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 BerdiKari pondasi Perkasa Tbk Piotroski F-Score Related Terms
PT BerdiKari pondasi Perkasa 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.
ISX:BDKR vs PWR, FIX, EME: Piotroski F-Score Comparison
For the Engineering & Construction subindustry, PT BerdiKari pondasi Perkasa 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 BerdiKari pondasi Perkasa Tbk Piotroski F-Score vs Construction Industry
For the Construction industry and Industrials sector, PT BerdiKari pondasi Perkasa Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT BerdiKari pondasi Perkasa 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 1861.636 + 14195.777 + 4928.819 + 5285.987 = Rp26,272 Mil. Cash Flow from Operations was 52537.009 + 34125.962 + 17045.641 + -6464.808 = Rp97,244 Mil. Revenue was 83847.88 + 121878.297 + 97598.193 + 93531.398 = Rp396,856 Mil. Gross Profit was 30457.532 + 57657.879 + 42269.386 + 39585.278 = Rp169,970 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(1224853.505 + 1145061.965 + 1114955.605 + 1092907.696 + 1062493.418) / 5 = Rp1128054.4378 Mil. Total Assets at the begining of this year (Jun25) was Rp1,224,854 Mil. Long-Term Debt & Capital Lease Obligation was Rp63,609 Mil. Total Current Assets was Rp508,550 Mil. Total Current Liabilities was Rp98,687 Mil.
Net Income was 14877.914 + -28250.66 + 4582.774 + 4455.999 = Rp-4,334 Mil.
Revenue was 107995.561 + 128798.384 + 107722.816 + 91132.356 = Rp435,649 Mil. Gross Profit was 47581.695 + 45217.903 + 44826.881 + 34606.975 = Rp172,233 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(1470303.256 + 1443415.532 + 1352341.857 + 1288766.301 + 1224853.505) / 5 = Rp1355936.0902 Mil. Total Assets at the begining of last year (Jun24) was Rp1,470,303 Mil. Long-Term Debt & Capital Lease Obligation was Rp152,876 Mil. Total Current Assets was Rp575,693 Mil. Total Current Liabilities was Rp139,050 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 BerdiKari pondasi Perkasa Tbk's current Net Income (TTM) was 26,272.
==> 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 BerdiKari pondasi Perkasa Tbk's current Cash Flow from Operations (TTM) was 97,244.
==> 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 BerdiKari pondasi Perkasa Tbk's return on assets of this year was 0.02144927. PT BerdiKari pondasi Perkasa Tbk's return on assets of last year was -0.00294767.
==> 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 BerdiKari pondasi Perkasa Tbk's gearing of this year was 0.05638863. PT BerdiKari pondasi Perkasa Tbk's gearing of last year was 0.11274605.
==> 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 BerdiKari pondasi Perkasa Tbk's current ratio of this year was 5.15315769. PT BerdiKari pondasi Perkasa Tbk's current ratio of last year was 4.1401915.
==> 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 BerdiKari pondasi Perkasa Tbk's number of shares in issue this year was 4635.108. PT BerdiKari pondasi Perkasa Tbk's number of shares in issue last year was 4724.088.
==> 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 BerdiKari pondasi Perkasa Tbk's gross margin of this year was 0.42829181. PT BerdiKari pondasi Perkasa Tbk's gross margin of last year was 0.39534903.
==> 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 BerdiKari pondasi Perkasa Tbk's asset turnover of this year was 0.32400264. PT BerdiKari pondasi Perkasa Tbk's asset turnover of last year was 0.29629882.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
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Que. 3
+
Que. 4
+
Que. 5
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Que. 6
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Que. 7
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Que. 9
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1
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1
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1
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9
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT BerdiKari pondasi Perkasa Tbk has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
PT BerdiKari pondasi Perkasa Tbk (ISX:BDKR) has a Piotroski F-Score of 9 as of Aug. 09, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT BerdiKari pondasi Perkasa Tbk and its competitors. This is 80% above median its historical median of 5.00. Over the past decade, PT BerdiKari pondasi Perkasa Tbk's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, PT BerdiKari pondasi Perkasa Tbk ranks #1 out of 1736 companies in the Construction industry, placing it in the top 0.099999999999994%.
Is PT BerdiKari pondasi Perkasa Tbk's Piotroski F-Score too high?
PT BerdiKari pondasi Perkasa Tbk's current Piotroski F-Score of 9 is 80% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 9.00. The Construction industry median Piotroski F-Score is 5.00. PT BerdiKari pondasi Perkasa Tbk's value of 9 is 80% above this industry median. Based on the distribution chart, PT BerdiKari pondasi Perkasa Tbk ranks #1 out of 1736 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, PT BerdiKari pondasi Perkasa Tbk has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT BerdiKari pondasi Perkasa Tbk's Piotroski F-Score compare to PWR and FIX?
According to the Construction industry distribution chart, PT BerdiKari pondasi Perkasa Tbk ranks #1 out of 1736 companies for Piotroski F-Score. This places PT BerdiKari pondasi Perkasa Tbk in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. PT BerdiKari pondasi Perkasa Tbk's value of 9 is 80% above this benchmark. Historically, PT BerdiKari pondasi Perkasa Tbk's own Piotroski F-Score has ranged from 3.00 to 9.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, PT BerdiKari pondasi Perkasa 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,736 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 BerdiKari pondasi Perkasa Tbk's current Piotroski F-Score of 9 is 80% 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 BerdiKari pondasi Perkasa Tbk and its competitors. For the Construction 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 BerdiKari pondasi Perkasa Tbk's current Piotroski F-Score is 9, which is 80% above median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT BerdiKari pondasi Perkasa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT BerdiKari pondasi Perkasa Tbk (ISX:BDKR) is currently considered Fairly Valued. The stock's GF Value™ is Rp167.69, compared to a current price of Rp161.00 — trading 4% below its estimated fair value. The current Piotroski F-Score is 9, which is 80% above median its 10-year median of 5.00 and 80% above the Construction industry median of 5.00. PT BerdiKari pondasi Perkasa Tbk's overall GF Score™ is 61/100 with 3 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 BerdiKari pondasi Perkasa Tbk (ISX:BDKR), the current Piotroski F-Score is 9 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 BerdiKari pondasi Perkasa Tbk (ISX:BDKR) Overvalued in 2026?
Based on GuruFocus' analysis, PT BerdiKari pondasi Perkasa Tbk stock appears to be undervalued.
The current stock price of Rp161.00 is trading 4% below its estimated GF Value™ of Rp167.69.
GuruFocus considers PT BerdiKari pondasi Perkasa Tbk to be Fairly Valued.
Key valuation signals for ISX:BDKR:
Piotroski F-Score: 9 (80% above median its 10-year median of 5.00)
GF Value™: Rp167.69 vs. price of Rp161.00 (4% below fair value)
Industry Position: 80% above the Construction median (#1 of 1736)
No single metric tells the full story. See the ISX:BDKR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT BerdiKari pondasi Perkasa Tbk specializes in foundation, ground improvement, marine and jetty construction, heavy lift, and crane rental. It has two reportable segments, Construction Services and Rental, in which the Rental segment generates the majority of its revenue.
61GF Score
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