PT DFI Retail Nusantara TbkISX:HERO -0.66%45 Piotroski F-Score is 8 as of Jul. 03, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates ISX:HERO with a GF Score™ of 45/100 and a GF Value™ of Rp698.65 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,098 Retail - Cyclical companies, PT DFI Retail Nusantara Tbk ranks better than 98.36% 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 DFI Retail Nusantara 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 DFI Retail Nusantara Tbk's Piotroski F-Score or its related term are showing as below:
ISX:HERO'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 8
During the past 13 years, the highest Piotroski F-Score of PT DFI Retail Nusantara Tbk was 9. The lowest was 3. 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 DFI Retail Nusantara Tbk Piotroski F-Score Related Terms
PT DFI Retail Nusantara 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.
For the Department Stores subindustry, PT DFI Retail Nusantara 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 DFI Retail Nusantara Tbk Piotroski F-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, PT DFI Retail Nusantara Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT DFI Retail Nusantara 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 48041 + -4838 + 89996 + 87015 = Rp220,214 Mil. Cash Flow from Operations was 40713 + 218785 + 256383 + -14235 = Rp501,646 Mil. Revenue was 1144243 + 1156726 + 1336454 + 1407911 = Rp5,045,334 Mil. Gross Profit was 525001 + 542989 + 573240 + 614344 = Rp2,255,574 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(4781367 + 4496989 + 4493860 + 4424976 + 4308885) / 5 = Rp4501215.4 Mil. Total Assets at the begining of this year (Mar25) was Rp4,781,367 Mil. Long-Term Debt & Capital Lease Obligation was Rp244,746 Mil. Total Current Assets was Rp1,343,879 Mil. Total Current Liabilities was Rp2,220,603 Mil.
Net Income was 163289 + 21481 + -189230 + 27137 = Rp22,677 Mil.
Revenue was 1181092 + 1128521 + 1163541 + 1210232 = Rp4,683,386 Mil. Gross Profit was 474241 + 500754 + 485978 + 553725 = Rp2,014,698 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(5730783 + 4806949 + 4762066 + 4719768 + 4781367) / 5 = Rp4960186.6 Mil. Total Assets at the begining of last year (Mar24) was Rp5,730,783 Mil. Long-Term Debt & Capital Lease Obligation was Rp186,675 Mil. Total Current Assets was Rp1,620,653 Mil. Total Current Liabilities was Rp2,978,019 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 DFI Retail Nusantara Tbk's current Net Income (TTM) was 220,214.
==> 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 DFI Retail Nusantara Tbk's current Cash Flow from Operations (TTM) was 501,646.
==> 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 DFI Retail Nusantara Tbk's return on assets of this year was 0.0460567. PT DFI Retail Nusantara Tbk's return on assets of last year was 0.00395705.
==> 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 DFI Retail Nusantara Tbk's gearing of this year was 0.05437331. PT DFI Retail Nusantara Tbk's gearing of last year was 0.03763467.
==> 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
PT DFI Retail Nusantara Tbk's current ratio of this year was 0.60518652. PT DFI Retail Nusantara Tbk's current ratio of last year was 0.54420506.
==> 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 DFI Retail Nusantara Tbk's number of shares in issue this year was 4183.634. PT DFI Retail Nusantara Tbk's number of shares in issue last year was 4183.634.
==> 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 DFI Retail Nusantara Tbk's gross margin of this year was 0.44706138. PT DFI Retail Nusantara Tbk's gross margin of last year was 0.43017979.
==> 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 DFI Retail Nusantara Tbk's asset turnover of this year was 1.05520743. PT DFI Retail Nusantara Tbk's asset turnover of last year was 0.81723318.
==> 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 DFI Retail Nusantara Tbk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
PT DFI Retail Nusantara Tbk (ISX:HERO) has a Piotroski F-Score of 8 as of Jul. 03, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT DFI Retail Nusantara Tbk and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, PT DFI Retail Nusantara Tbk's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, PT DFI Retail Nusantara Tbk ranks #18 out of 1098 companies in the Retail - Cyclical industry, placing it in the top 1.6%.
Is PT DFI Retail Nusantara Tbk's Piotroski F-Score too high?
PT DFI Retail Nusantara 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 3.00 to a high of 9.00. The Retail - Cyclical industry median Piotroski F-Score is 5.00. PT DFI Retail Nusantara Tbk's value of 8 is 60% above this industry median. Based on the distribution chart, PT DFI Retail Nusantara Tbk ranks #18 out of 1098 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, PT DFI Retail Nusantara Tbk has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT DFI Retail Nusantara Tbk's Piotroski F-Score compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, PT DFI Retail Nusantara Tbk ranks #18 out of 1098 companies for Piotroski F-Score. This places PT DFI Retail Nusantara Tbk in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. PT DFI Retail Nusantara Tbk's value of 8 is 60% above this benchmark. Historically, PT DFI Retail Nusantara 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 6.00 vs. the industry median of 5.00, PT DFI Retail Nusantara 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 Retail - Cyclical company?
The median Piotroski F-Score among Retail - Cyclical companies is 5.00, based on 1,098 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 DFI Retail Nusantara 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 DFI Retail Nusantara Tbk and its competitors. For the Retail - Cyclical 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 DFI Retail Nusantara 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 DFI Retail Nusantara Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT DFI Retail Nusantara Tbk (ISX:HERO) is currently considered Possible Value Trap. The stock's GF Value™ is Rp698.65, compared to a current price of Rp302.00 — trading 56.8% 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 Retail - Cyclical industry median of 5.00. PT DFI Retail Nusantara Tbk's overall GF Score™ is 45/100 with 4 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 DFI Retail Nusantara Tbk (ISX:HERO), the current Piotroski F-Score is 8 as of Jul. 03, 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 DFI Retail Nusantara Tbk (ISX:HERO) Overvalued in 2026?
Based on GuruFocus' analysis, PT DFI Retail Nusantara Tbk stock appears to be undervalued.
The current stock price of Rp302.00 is trading 56.8% below its estimated GF Value™ of Rp698.65.
GuruFocus considers PT DFI Retail Nusantara Tbk to be Possible Value Trap.
Key valuation signals for ISX:HERO:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: Rp698.65 vs. price of Rp302.00 (56.8% below fair value)
Industry Position: 60% above the Retail - Cyclical median (#18 of 1098)
No single metric tells the full story. See the ISX:HERO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT DFI Retail Nusantara Tbk is a modern retail group that focuses on the Guardian and IKEA business segments to achieve sustainable growth in the medium and long term. The company operates and manages the business in a single segment, which is special retails segments. Special retail segments relate to special retail operations (such as pharmacy, drugs stores, health and beauty stores, home furnishing).
45GF Score
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Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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