PTriguna Primatirta TbkISX:CLEO -1.58%86 Piotroski F-Score is 6 as of Jun. 28, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates ISX:CLEO with a GF Score™ of 86/100 and a GF Value™ of Rp586.07 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 112 Beverages - Non-Alcoholic companies, PTriguna Primatirta Tbk ranks better than 67.86% 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
PTriguna Primatirta Tbk has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for PTriguna Primatirta Tbk's Piotroski F-Score or its related term are showing as below:
ISX:CLEO'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 7 Max: 8
Current: 6
During the past 10 years, the highest Piotroski F-Score of PTriguna Primatirta Tbk was 8. The lowest was 5. And the median was 7.
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.
PTriguna Primatirta Tbk Piotroski F-Score Related Terms
PTriguna Primatirta Tbk Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PTriguna Primatirta 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:CLEO vs KO, PEP, MNST: Piotroski F-Score Comparison
For the Beverages - Non-Alcoholic subindustry, PTriguna Primatirta 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.
PTriguna Primatirta Tbk Piotroski F-Score vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, PTriguna Primatirta Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PTriguna Primatirta 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 91036.007 + 97576.727 + 76699.989 + 119811.728 = Rp385,124 Mil. Cash Flow from Operations was 181446.098 + 95212.666 + 117265.047 + 193472.959 = Rp587,397 Mil. Revenue was 697199.456 + 727123.726 + 732406.351 + 774394.51 = Rp2,931,124 Mil. Gross Profit was 388063.858 + 413769.078 + 383496.095 + 438612.571 = Rp1,623,942 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2842319.313 + 2934096.313 + 2994762.888 + 3018785.595 + 3261161.25) / 5 = Rp3010225.0718 Mil. Total Assets at the begining of this year (Mar25) was Rp2,842,319 Mil. Long-Term Debt & Capital Lease Obligation was Rp244,487 Mil. Total Current Assets was Rp641,506 Mil. Total Current Liabilities was Rp455,636 Mil.
Net Income was 117036.713 + 101109.757 + 134199.796 + 116507.848 = Rp468,854 Mil.
Revenue was 669950.346 + 681396.721 + 718930.826 + 668901.664 = Rp2,739,180 Mil. Gross Profit was 387421.483 + 399288.013 + 413072.224 + 394906.544 = Rp1,594,688 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2449527.056 + 2466664.454 + 2600358.388 + 2663387.007 + 2842319.313) / 5 = Rp2604451.2436 Mil. Total Assets at the begining of last year (Mar24) was Rp2,449,527 Mil. Long-Term Debt & Capital Lease Obligation was Rp230,722 Mil. Total Current Assets was Rp545,014 Mil. Total Current Liabilities was Rp447,707 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.
PTriguna Primatirta Tbk's current Net Income (TTM) was 385,124.
==> 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.
PTriguna Primatirta Tbk's current Cash Flow from Operations (TTM) was 587,397.
==> 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.
PTriguna Primatirta Tbk's return on assets of this year was 0.13549655. PTriguna Primatirta Tbk's return on assets of last year was 0.19140597.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
PTriguna Primatirta Tbk's gearing of this year was 0.08121895. PTriguna Primatirta Tbk's gearing of last year was 0.08858775.
==> 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
PTriguna Primatirta Tbk's current ratio of this year was 1.40793702. PTriguna Primatirta Tbk's current ratio of last year was 1.21734523.
==> 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.
PTriguna Primatirta Tbk's number of shares in issue this year was 24000. PTriguna Primatirta Tbk's number of shares in issue last year was 24000.
==> 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.
PTriguna Primatirta Tbk's gross margin of this year was 0.55403374. PTriguna Primatirta Tbk's gross margin of last year was 0.58217734.
==> 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
PTriguna Primatirta Tbk's asset turnover of this year was 1.03124376. PTriguna Primatirta Tbk's asset turnover of last year was 1.11824834.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PTriguna Primatirta Tbk has an F-score of 6 indicating the company's financial situation is typical for a stable company.
PTriguna Primatirta Tbk (ISX:CLEO) has a Piotroski F-Score of 6 as of Jun. 28, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PTriguna Primatirta Tbk and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, PTriguna Primatirta Tbk's Piotroski F-Score has ranged from 5.00 to 8.00. According to the industry distribution chart, PTriguna Primatirta Tbk ranks #36 out of 112 companies in the Beverages - Non-Alcoholic industry, placing it in the top 32.1%.
Is PTriguna Primatirta Tbk's Piotroski F-Score too high?
PTriguna Primatirta Tbk's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.00. The Beverages - Non-Alcoholic industry median Piotroski F-Score is 5.50. PTriguna Primatirta Tbk's value of 6 is 9.1% above this industry median. Based on the distribution chart, PTriguna Primatirta Tbk ranks #36 out of 112 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, PTriguna Primatirta Tbk has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PTriguna Primatirta Tbk's Piotroski F-Score compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, PTriguna Primatirta Tbk ranks #36 out of 112 companies for Piotroski F-Score. This puts PTriguna Primatirta Tbk in the upper half of its industry. The industry median Piotroski F-Score is 5.50. PTriguna Primatirta Tbk's value of 6 is 9.1% above this benchmark. Historically, PTriguna Primatirta Tbk's own Piotroski F-Score has ranged from 5.00 to 8.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.50, PTriguna Primatirta 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 Beverages - Non-Alcoholic company?
The median Piotroski F-Score among Beverages - Non-Alcoholic companies is 5.50, based on 112 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. PTriguna Primatirta Tbk's current Piotroski F-Score of 6 is 9.1% 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 PTriguna Primatirta Tbk and its competitors. For the Beverages - Non-Alcoholic industry, the median Piotroski F-Score is 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PTriguna Primatirta Tbk's current Piotroski F-Score is 6, which is 14% below 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 PTriguna Primatirta Tbk stock overvalued right now?
Based on GuruFocus' analysis, PTriguna Primatirta Tbk (ISX:CLEO) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp586.07, compared to a current price of Rp374.00 — trading 36.2% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 9.1% above the Beverages - Non-Alcoholic industry median of 5.50. PTriguna Primatirta Tbk's overall GF Score™ is 86/100 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 PTriguna Primatirta Tbk (ISX:CLEO), the current Piotroski F-Score is 6 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 PTriguna Primatirta Tbk (ISX:CLEO) Overvalued in 2026?
Based on GuruFocus' analysis, PTriguna Primatirta Tbk stock appears to be undervalued.
The current stock price of Rp374.00 is trading 36.2% below its estimated GF Value™ of Rp586.07.
GuruFocus considers PTriguna Primatirta Tbk to be Significantly Undervalued.
Key valuation signals for ISX:CLEO:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: Rp586.07 vs. price of Rp374.00 (36.2% below fair value)
Industry Position: 9.1% above the Beverages - Non-Alcoholic median (#36 of 112)
No single metric tells the full story. See the ISX:CLEO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Sariguna Primatirta Tbk produces and sells bottled water. The company has three business segments namely Non- bottle, Bottle, and Others. The majority of the revenue derives from the Bottle and non-bottle segment. Geographically, its business activities are carried in Java and Bali and other provinces.
86GF Score
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