Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Bank SMBC Indonesia Tbk has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for PT Bank SMBC Indonesia Tbk's Piotroski F-Score or its related term are showing as below:
ISX:BTPN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 5 Max: 7
Current: 4
During the past 13 years, the highest Piotroski F-Score of PT Bank SMBC Indonesia Tbk was 7. The lowest was 3. And the median was 5.
PT Bank SMBC Indonesia Tbk (ISX:BTPN) 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 Bank SMBC Indonesia Tbk Piotroski F-Score Related Terms
PT Bank SMBC Indonesia 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.
PT Bank SMBC Indonesia Tbk Piotroski F-Score Chart
PT Bank SMBC Indonesia Tbk Piotroski F-Score Competitor Comparison
For the Banks - Regional subindustry, PT Bank SMBC Indonesia 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 Bank SMBC Indonesia Tbk Piotroski F-Score vs Banks Industry
For the Banks industry and Financial Services sector, PT Bank SMBC Indonesia Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Bank SMBC Indonesia 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 490515 + 473499 + -968039 + 455690 = Rp451,665 Mil. Cash Flow from Operations was -4541025 + -1733931 + 15040228 + -4103745 = Rp4,661,527 Mil. Revenue was 4487282 + 4530799 + 4646085 + 4455393 = Rp18,119,559 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(240116866 + 234353283 + 234498987 + 245848165 + 250018949) / 5 = Rp240967250 Mil. Total Assets at the begining of this year (Mar25) was Rp240,116,866 Mil. Long-Term Debt & Capital Lease Obligation was Rp52,593,249 Mil. Total Assets was Rp250,018,949 Mil. Total Liabilities was Rp195,964,360 Mil.
Net Income was 696647 + 753679 + 818809 + 509582 = Rp2,778,717 Mil.
Revenue was 4472907 + 4579623 + 4937516 + 4530138 = Rp18,520,184 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(239830634 + 235820322 + 228584377 + 241096427 + 240116866) / 5 = Rp237089725.2 Mil. Total Assets at the begining of last year (Mar24) was Rp239,830,634 Mil. Long-Term Debt & Capital Lease Obligation was Rp49,839,547 Mil. Total Assets was Rp240,116,866 Mil. Total Liabilities was Rp184,770,783 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 Bank SMBC Indonesia Tbk's current Net Income (TTM) was 451,665.
==> 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 Bank SMBC Indonesia Tbk's current Cash Flow from Operations (TTM) was 4,661,527.
==> 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 Bank SMBC Indonesia Tbk's return on assets of this year was 0.00188102. PT Bank SMBC Indonesia Tbk's return on assets of last year was 0.01158616.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
PT Bank SMBC Indonesia Tbk's gearing of this year was 0.21825891. PT Bank SMBC Indonesia Tbk's gearing of last year was 0.21021386.
==> Last year is lower than this year ==> Score 0.
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
* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.
PT Bank SMBC Indonesia Tbk's current ratio of this year was 1.27583888. PT Bank SMBC Indonesia Tbk's current ratio of last year was 1.29953915.
==> 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 Bank SMBC Indonesia Tbk's number of shares in issue this year was 10645.946. PT Bank SMBC Indonesia Tbk's number of shares in issue last year was 10645.946.
==> 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.
* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.
PT Bank SMBC Indonesia Tbk's net margin of this year was 0.02492693. PT Bank SMBC Indonesia Tbk's net margin of last year was 0.15003722.
==> Last year's net 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 Bank SMBC Indonesia Tbk's asset turnover of this year was 0.07546142. PT Bank SMBC Indonesia Tbk's asset turnover of last year was 0.07722193.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Que. 1
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4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Bank SMBC Indonesia Tbk has an F-score of 4 indicating the company's financial situation is typical for a stable company.
PT Bank SMBC Indonesia Tbk (ISX:BTPN) has a Piotroski F-Score of 4 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Bank SMBC Indonesia Tbk and its competitors. This is 20% below median its historical median of 5.00. Over the past decade, PT Bank SMBC Indonesia Tbk's Piotroski F-Score has ranged from 3.00 to 7.00. According to the industry distribution chart, PT Bank SMBC Indonesia Tbk ranks #1136 out of 1501 companies in the Banks industry, placing it in the top 75.7%.
Is PT Bank SMBC Indonesia Tbk's Piotroski F-Score too high?
PT Bank SMBC Indonesia Tbk's current Piotroski F-Score of 4 is 20% below 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 7.00. The Banks industry median Piotroski F-Score is 6.00. PT Bank SMBC Indonesia Tbk's value of 4 is 33.3% below this industry median. Based on the distribution chart, PT Bank SMBC Indonesia Tbk ranks #1136 out of 1501 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, PT Bank SMBC Indonesia Tbk has a GF Score™ of 46/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Bank SMBC Indonesia Tbk's Piotroski F-Score compare to competitors?
According to the Banks industry distribution chart, PT Bank SMBC Indonesia Tbk ranks #1136 out of 1501 companies for Piotroski F-Score. This places PT Bank SMBC Indonesia Tbk in the lower half of its industry. The industry median Piotroski F-Score is 6.00. PT Bank SMBC Indonesia Tbk's value of 4 is 33.3% below this benchmark. Historically, PT Bank SMBC Indonesia Tbk's own Piotroski F-Score has ranged from 3.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 6.00, PT Bank SMBC Indonesia Tbk has consistently been below 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 Banks company?
The median Piotroski F-Score among Banks companies is 6.00, based on 1,501 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 Bank SMBC Indonesia Tbk's current Piotroski F-Score of 4 is 33.3% below 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 Bank SMBC Indonesia Tbk and its competitors. For the Banks industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Bank SMBC Indonesia Tbk's current Piotroski F-Score is 4, which is 20% below 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 Bank SMBC Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bank SMBC Indonesia Tbk (ISX:BTPN) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp2,360.76, compared to a current price of Rp2,090.00 — trading 11.5% below its estimated fair value. The current Piotroski F-Score is 4, which is 20% below median its 10-year median of 5.00 and 33.3% below the Banks industry median of 6.00. PT Bank SMBC Indonesia Tbk's overall GF Score™ is 46/100 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 Bank SMBC Indonesia Tbk (ISX:BTPN), the current Piotroski F-Score is 4 as of Jun. 28, 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 Bank SMBC Indonesia Tbk (ISX:BTPN) Overvalued in 2026?
Based on GuruFocus' analysis, PT Bank SMBC Indonesia Tbk stock appears to be undervalued.
The current stock price of Rp2,090.00 is trading 11.5% below its estimated GF Value™ of Rp2,360.76.
GuruFocus considers PT Bank SMBC Indonesia Tbk to be Modestly Undervalued.
Key valuation signals for ISX:BTPN:
Piotroski F-Score: 4 (20% below median its 10-year median of 5.00)
GF Value™: Rp2,360.76 vs. price of Rp2,090.00 (11.5% below fair value)
Industry Position: 33.3% below the Banks median (#1136 of 1501)
No single metric tells the full story. See the ISX:BTPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Bank SMBC Indonesia Tbk is a foreign exchange bank. It offers products and services such as green financing, products and services for retired customers, for micro, small, and medium enterprise customers, for large national, multinational, and Japanese corporations, wealth management services through Sinaya, as well as digital banking services for digital-savvy communities through Jenius. The company's segment includes: Retail, MSME, Funding and Treasury, Corporate, Sharia, and Financing. The company generates the majority of its revenue from Retail segment.
46GF Score
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