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PT Cemindo Gemilang TbkISX:CMNT -0.63%74 Piotroski F-Score is 8 as of Jul. 14, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates ISX:CMNT with a GF Score™ of 74/100 and a GF Value™ of Rp881.92 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 394 Building Materials companies, PT Cemindo Gemilang Tbk ranks better than 96.95% 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 Cemindo Gemilang 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 Cemindo Gemilang Tbk's Piotroski F-Score or its related term are showing as below:
ISX:CMNT'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 6 Max: 8
Current: 8
During the past 8 years, the highest Piotroski F-Score of PT Cemindo Gemilang Tbk was 8. 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 Cemindo Gemilang Tbk Piotroski F-Score Related Terms
PT Cemindo Gemilang Tbk Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PT Cemindo Gemilang 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:CMNT vs CRH, VMC, MLM: Piotroski F-Score Comparison
For the Building Materials subindustry, PT Cemindo Gemilang 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 Cemindo Gemilang Tbk Piotroski F-Score vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, PT Cemindo Gemilang Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Cemindo Gemilang 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 121535 + -18591 + 36560 + -88117 = Rp51,387 Mil. Cash Flow from Operations was 329360 + 370570 + 405107 + 224842 = Rp1,329,879 Mil. Revenue was 2140033 + 2364180 + 2546788 + 2076648 = Rp9,127,649 Mil. Gross Profit was 454919 + 573795 + 584224 + 346546 = Rp1,959,484 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(16962463 + 16691250 + 16893227 + 16520365 + 16337067) / 5 = Rp16680874.4 Mil. Total Assets at the begining of this year (Mar25) was Rp16,962,463 Mil. Long-Term Debt & Capital Lease Obligation was Rp6,196,057 Mil. Total Current Assets was Rp3,169,224 Mil. Total Current Liabilities was Rp6,678,076 Mil.
Net Income was -205547 + 251602 + -539558 + -289764 = Rp-783,267 Mil.
Revenue was 2095514 + 2334163 + 2361453 + 1925098 = Rp8,716,228 Mil. Gross Profit was 424891 + 488308 + 400574 + 334105 = Rp1,647,878 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(17644652 + 17845279 + 17223684 + 17104348 + 16962463) / 5 = Rp17356085.2 Mil. Total Assets at the begining of last year (Mar24) was Rp17,644,652 Mil. Long-Term Debt & Capital Lease Obligation was Rp6,510,454 Mil. Total Current Assets was Rp3,405,970 Mil. Total Current Liabilities was Rp6,954,954 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 Cemindo Gemilang Tbk's current Net Income (TTM) was 51,387.
==> 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 Cemindo Gemilang Tbk's current Cash Flow from Operations (TTM) was 1,329,879.
==> 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 Cemindo Gemilang Tbk's return on assets of this year was 0.00302945. PT Cemindo Gemilang Tbk's return on assets of last year was -0.04439118.
==> 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 Cemindo Gemilang Tbk's gearing of this year was 0.37144677. PT Cemindo Gemilang Tbk's gearing of last year was 0.37511074.
==> 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 Cemindo Gemilang Tbk's current ratio of this year was 0.47457142. PT Cemindo Gemilang Tbk's current ratio of last year was 0.48971855.
==> 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 Cemindo Gemilang Tbk's number of shares in issue this year was 17125.504. PT Cemindo Gemilang Tbk's number of shares in issue last year was 17125.504.
==> 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 Cemindo Gemilang Tbk's gross margin of this year was 0.21467565. PT Cemindo Gemilang Tbk's gross margin of last year was 0.18905862.
==> 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 Cemindo Gemilang Tbk's asset turnover of this year was 0.53810871. PT Cemindo Gemilang Tbk's asset turnover of last year was 0.49398696.
==> 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 Cemindo Gemilang Tbk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
PT Cemindo Gemilang Tbk (ISX:CMNT) has a Piotroski F-Score of 8 as of Jul. 14, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Cemindo Gemilang Tbk and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, PT Cemindo Gemilang Tbk's Piotroski F-Score has ranged from 4.00 to 8.00. According to the industry distribution chart, PT Cemindo Gemilang Tbk ranks #12 out of 394 companies in the Building Materials industry, placing it in the top 3%.
Is PT Cemindo Gemilang Tbk's Piotroski F-Score too high?
PT Cemindo Gemilang 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 8.00. The Building Materials industry median Piotroski F-Score is 5.00. PT Cemindo Gemilang Tbk's value of 8 is 60% above this industry median. Based on the distribution chart, PT Cemindo Gemilang Tbk ranks #12 out of 394 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, PT Cemindo Gemilang Tbk has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Cemindo Gemilang Tbk's Piotroski F-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, PT Cemindo Gemilang Tbk ranks #12 out of 394 companies for Piotroski F-Score. This places PT Cemindo Gemilang Tbk in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. PT Cemindo Gemilang Tbk's value of 8 is 60% above this benchmark. Historically, PT Cemindo Gemilang Tbk's own Piotroski F-Score has ranged from 4.00 to 8.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 5.00, PT Cemindo Gemilang 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 Building Materials company?
The median Piotroski F-Score among Building Materials companies is 5.00, based on 394 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 Cemindo Gemilang 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 Cemindo Gemilang Tbk and its competitors. For the Building Materials 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 Cemindo Gemilang 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 Cemindo Gemilang Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Cemindo Gemilang Tbk (ISX:CMNT) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp881.92, compared to a current price of Rp785.00 — trading 11% below 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 Building Materials industry median of 5.00. PT Cemindo Gemilang Tbk's overall GF Score™ is 74/100 with 7 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 Cemindo Gemilang Tbk (ISX:CMNT), the current Piotroski F-Score is 8 as of Jul. 14, 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 Cemindo Gemilang Tbk (ISX:CMNT) Overvalued in 2026?
Based on GuruFocus' analysis, PT Cemindo Gemilang Tbk stock appears to be undervalued.
The current stock price of Rp785.00 is trading 11% below its estimated GF Value™ of Rp881.92.
GuruFocus considers PT Cemindo Gemilang Tbk to be Modestly Undervalued.
Key valuation signals for ISX:CMNT:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: Rp881.92 vs. price of Rp785.00 (11% below fair value)
Industry Position: 60% above the Building Materials median (#12 of 394)
No single metric tells the full story. See the ISX:CMNT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Cemindo Gemilang Tbk is an integrated cement company predominantly engaged in the manufacturing, marketing, and distribution of cement and clinker products. Its products are offered in Indonesia under the brand of Semen Merah Putih, and also in Vietnam under the brand of Chinfon Cement. Other than Indonesia and Vietnam, its cement is also exported to Australia, Philippines, Tahiti, Bangladesh, Sri Lanka, China, and Madagascar. The company conducts business activities in three operating segments: Cement and clinker, which derive maximum revenue, Concrete products, and Others. Geographically, it generates maximum revenue from Indonesia.
74GF Score
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