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PT Harum Energy TbkISX:HRUM -0.56%88 Piotroski F-Score is 7 as of Aug. 19, 2026, which is 17% above its 10-year median of 6.00. GuruFocus rates ISX:HRUM with a GF Score™ of 88/100 and a GF Value™ of Rp1,798.66 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 2,504 Metals & Mining companies, PT Harum Energy Tbk ranks better than 95.29% on this metric.
Good Sign:
Piotroski F-Score is 7, 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 Harum Energy Tbk has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for PT Harum Energy Tbk's Piotroski F-Score or its related term are showing as below:
ISX:HRUM'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of PT Harum Energy Tbk was 9. The lowest was 3. And the median was 6.
PT Harum Energy Tbk (ISX:HRUM) 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 Harum Energy Tbk Piotroski F-Score Related Terms
PT Harum Energy Tbk Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PT Harum Energy 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.
PT Harum Energy Tbk Piotroski F-Score Competitor Comparison
For the Other Industrial Metals & Mining subindustry, PT Harum Energy 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 Harum Energy Tbk Piotroski F-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Harum Energy Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Harum Energy 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 124587.295 + 1988.148 + 151331.494 + 493795.308 = Rp771,702 Mil. Cash Flow from Operations was -1923302.958 + 6709564.997 + -1771876.957 + 693355.981 = Rp3,707,741 Mil. Revenue was 6249075.541 + 5259570.259 + 5855321.742 + 13152388.529 = Rp30,516,356 Mil. Gross Profit was 987239.171 + 688483.945 + 1093348.457 + 2992603.821 = Rp5,761,675 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(51537495.535 + 54126947.966 + 57426868.734 + 62508490.071 + 68617516.475) / 5 = Rp58843463.7562 Mil. Total Assets at the begining of this year (Jun25) was Rp51,537,496 Mil. Long-Term Debt & Capital Lease Obligation was Rp8,817,023 Mil. Total Current Assets was Rp18,466,332 Mil. Total Current Liabilities was Rp9,972,587 Mil.
Net Income was 499803.583 + -254456.354 + 91730.73 + 394550.789 = Rp731,629 Mil.
Revenue was 5731268.299 + 5216323.179 + 4923091.112 + 5648459.683 = Rp21,519,142 Mil. Gross Profit was 1182995.845 + 923598.951 + 980925.937 + 916802.168 = Rp4,004,323 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(41538455.26 + 41621511.303 + 41284837.814 + 47105837.829 + 51537495.535) / 5 = Rp44617627.5482 Mil. Total Assets at the begining of last year (Jun24) was Rp41,538,455 Mil. Long-Term Debt & Capital Lease Obligation was Rp9,689,278 Mil. Total Current Assets was Rp11,918,461 Mil. Total Current Liabilities was Rp4,587,615 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 Harum Energy Tbk's current Net Income (TTM) was 771,702.
==> 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 Harum Energy Tbk's current Cash Flow from Operations (TTM) was 3,707,741.
==> 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 Harum Energy Tbk's return on assets of this year was 0.01497361. PT Harum Energy Tbk's return on assets of last year was 0.01761329.
==> 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 Harum Energy Tbk's gearing of this year was 0.14983862. PT Harum Energy Tbk's gearing of last year was 0.21716256.
==> 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 Harum Energy Tbk's current ratio of this year was 1.85170932. PT Harum Energy Tbk's current ratio of last year was 2.59796439.
==> 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 Harum Energy Tbk's number of shares in issue this year was 13148.556. PT Harum Energy Tbk's number of shares in issue last year was 13218.174.
==> 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 Harum Energy Tbk's gross margin of this year was 0.18880614. PT Harum Energy Tbk's gross margin of last year was 0.1860819.
==> 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 Harum Energy Tbk's asset turnover of this year was 0.5921195. PT Harum Energy Tbk's asset turnover of last year was 0.5180535.
==> 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 Harum Energy Tbk has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
PT Harum Energy Tbk (ISX:HRUM) has a Piotroski F-Score of 7 as of Aug. 19, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Harum Energy Tbk and its competitors. This is 17% above median its historical median of 6.00. Over the past decade, PT Harum Energy Tbk's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, PT Harum Energy Tbk ranks #118 out of 2504 companies in the Metals & Mining industry, placing it in the top 4.7%.
Is PT Harum Energy Tbk's Piotroski F-Score too high?
PT Harum Energy Tbk's current Piotroski F-Score of 7 is 17% 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 Metals & Mining industry median Piotroski F-Score is 3.00. PT Harum Energy Tbk's value of 7 is 133.3% above this industry median. Based on the distribution chart, PT Harum Energy Tbk ranks #118 out of 2504 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, PT Harum Energy Tbk has a GF Score™ of 88/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Harum Energy Tbk's Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, PT Harum Energy Tbk ranks #118 out of 2504 companies for Piotroski F-Score. This places PT Harum Energy Tbk in the top 5% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. PT Harum Energy Tbk's value of 7 is 133.3% above this benchmark. Historically, PT Harum Energy 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 3.00, PT Harum Energy 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,504 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 Harum Energy Tbk's current Piotroski F-Score of 7 is 133.3% 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 Harum Energy Tbk and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Harum Energy Tbk's current Piotroski F-Score is 7, which is 17% 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 Harum Energy Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Harum Energy Tbk (ISX:HRUM) is currently considered Possible Value Trap. The stock's GF Value™ is Rp1,798.66, compared to a current price of Rp880.00 — trading 51.1% below its estimated fair value. The current Piotroski F-Score is 7, which is 17% above median its 10-year median of 6.00 and 133.3% above the Metals & Mining industry median of 3.00. PT Harum Energy Tbk's overall GF Score™ is 88/100 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 Harum Energy Tbk (ISX:HRUM), the current Piotroski F-Score is 7 as of Aug. 19, 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 Harum Energy Tbk (ISX:HRUM) Overvalued in 2026?
Based on GuruFocus' analysis, PT Harum Energy Tbk stock appears to be undervalued.
The current stock price of Rp880.00 is trading 51.1% below its estimated GF Value™ of Rp1,798.66.
GuruFocus considers PT Harum Energy Tbk to be Possible Value Trap.
Key valuation signals for ISX:HRUM:
Piotroski F-Score: 7 (17% above median its 10-year median of 6.00)
GF Value™: Rp1,798.66 vs. price of Rp880.00 (51.1% below fair value)
Industry Position: 133.3% above the Metals & Mining median (#118 of 2504)
No single metric tells the full story. See the ISX:HRUM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Harum Energy Tbk is a holding company engaged in the coal mining and logistics business in East Kalimantan, Indonesia. The company's activity is broken down into various segments, which include Coal mining sectors; Rental and service sectors; Nickel Smelter; and Other sectors. It serves coal-fired power-generating and manufacturing companies. Geographically, the firm generates revenue from East Asia, South Asia, Southeast Asia, and Europe. The firm generates the majority of its revenue from the Nickel Smelter, which consists of the Nickel Smelter sector by IMI, WMI, and BSE.
88GF Score
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