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PT Ifishdeco TbkISX:IFSH 89 Piotroski F-Score is 6 as of Jul. 13, 2026, which is at its 10-year median of 6.00. GuruFocus rates ISX:IFSH with a GF Score™ of 89/100 and a GF Value™ of Rp932.81 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,510 Metals & Mining companies, PT Ifishdeco Tbk ranks better than 91.35% 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
PT Ifishdeco 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 PT Ifishdeco Tbk's Piotroski F-Score or its related term are showing as below:
ISX:IFSH'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 6
During the past 8 years, the highest Piotroski F-Score of PT Ifishdeco 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 Ifishdeco Tbk Piotroski F-Score Related Terms
PT Ifishdeco Tbk Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PT Ifishdeco 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.
For the Other Industrial Metals & Mining subindustry, PT Ifishdeco 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 Ifishdeco Tbk Piotroski F-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Ifishdeco Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Ifishdeco 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 -17582.69 + 30756.785 + 52752.75 + -6554.937 = Rp59,372 Mil. Cash Flow from Operations was -31354.251 + 19505.154 + 52158.796 + 69515.503 = Rp109,825 Mil. Revenue was 129109.736 + 332436.519 + 332128.768 + 296771.089 = Rp1,090,446 Mil. Gross Profit was 83698.313 + 188587.877 + -38921.53 + 93895.079 = Rp327,260 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1022017.751 + 923171.946 + 1002164.997 + 1060783.954 + 1077493.275) / 5 = Rp1017126.3846 Mil. Total Assets at the begining of this year (Mar25) was Rp1,022,018 Mil. Long-Term Debt & Capital Lease Obligation was Rp25,050 Mil. Total Current Assets was Rp519,945 Mil. Total Current Liabilities was Rp140,333 Mil.
Net Income was 26009.021 + 21730.186 + 42701.524 + 6214.427 = Rp96,655 Mil.
Revenue was 276944.639 + 262336.314 + 263411.87 + 207269.658 = Rp1,009,962 Mil. Gross Profit was 149160.401 + 136484.691 + 125536.075 + 57889.919 = Rp469,071 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(1038910.407 + 998909.427 + 1032189.048 + 1007971.015 + 1022017.751) / 5 = Rp1019999.5296 Mil. Total Assets at the begining of last year (Mar24) was Rp1,038,910 Mil. Long-Term Debt & Capital Lease Obligation was Rp30,000 Mil. Total Current Assets was Rp400,717 Mil. Total Current Liabilities was Rp164,581 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 Ifishdeco Tbk's current Net Income (TTM) was 59,372.
==> 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.
PT Ifishdeco Tbk's return on assets of this year was 0.05809283. PT Ifishdeco Tbk's return on assets of last year was 0.09303512.
==> 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 Ifishdeco Tbk's gearing of this year was 0.02462777. PT Ifishdeco Tbk's gearing of last year was 0.02941181.
==> 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 Ifishdeco Tbk's current ratio of this year was 3.7050873. PT Ifishdeco Tbk's current ratio of last year was 2.43477446.
==> 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 Ifishdeco Tbk's number of shares in issue this year was 1923.142. PT Ifishdeco Tbk's number of shares in issue last year was 1923.071.
==> There is larger number of shares in issue this year. ==> Score 0.
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 Ifishdeco Tbk's gross margin of this year was 0.30011546. PT Ifishdeco Tbk's gross margin of last year was 0.46444407.
==> 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
PT Ifishdeco Tbk's asset turnover of this year was 1.06695418. PT Ifishdeco Tbk's asset turnover of last year was 0.97213626.
==> 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 Ifishdeco Tbk has an F-score of 6 indicating the company's financial situation is typical for a stable company.
PT Ifishdeco Tbk (ISX:IFSH) has a Piotroski F-Score of 6 as of Jul. 13, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Ifishdeco Tbk and its competitors. This is near median its historical median of 6.00. Over the past decade, PT Ifishdeco Tbk's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, PT Ifishdeco Tbk ranks #217 out of 2510 companies in the Metals & Mining industry, placing it in the top 8.6%.
Is PT Ifishdeco Tbk's Piotroski F-Score too high?
PT Ifishdeco Tbk's current Piotroski F-Score of 6 is near 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 Ifishdeco Tbk's value of 6 is 100% above this industry median. Based on the distribution chart, PT Ifishdeco Tbk ranks #217 out of 2510 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, PT Ifishdeco Tbk has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Ifishdeco Tbk's Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, PT Ifishdeco Tbk ranks #217 out of 2510 companies for Piotroski F-Score. This places PT Ifishdeco Tbk in the top 9% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. PT Ifishdeco Tbk's value of 6 is 100% above this benchmark. Historically, PT Ifishdeco 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 Ifishdeco 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 2,510 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 Ifishdeco Tbk's current Piotroski F-Score of 6 is 100% 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 Ifishdeco 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 Ifishdeco Tbk's current Piotroski F-Score is 6, which is near 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 Ifishdeco Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Ifishdeco Tbk (ISX:IFSH) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp932.81, compared to a current price of Rp1,130.00 — trading 21.1% above its estimated fair value. The current Piotroski F-Score is 6, which is near median its 10-year median of 6.00 and 100% above the Metals & Mining industry median of 3.00. PT Ifishdeco Tbk's overall GF Score™ is 89/100 with 3 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 Ifishdeco Tbk (ISX:IFSH), the current Piotroski F-Score is 6 as of Jul. 13, 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 Ifishdeco Tbk (ISX:IFSH) Overvalued in 2026?
Based on GuruFocus' analysis, PT Ifishdeco Tbk stock appears to be overvalued.
The current stock price of Rp1,130.00 is trading 21.1% above its estimated GF Value™ of Rp932.81.
GuruFocus considers PT Ifishdeco Tbk to be Modestly Overvalued.
Key valuation signals for ISX:IFSH:
Piotroski F-Score: 6 (near median its 10-year median of 6.00)
GF Value™: Rp932.81 vs. price of Rp1,130.00 (21.1% above fair value)
Industry Position: 100% above the Metals & Mining median (#217 of 2510)
No single metric tells the full story. See the ISX:IFSH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Ifishdeco Tbk is a nickel mining company with its primary business as a nickel mine concession owner. It conducts nickel mining, exploration, development, production, and marketing of nickel ore in Indonesia. It is an integrated nickel mining and smelting company that caters to both international and domestic clients. It undertakes all activities from mining, exploration, development, production, transportation, trading, and sales of nickel ore. Its segments include Nickel mining and processing, Silica mining, and Mining services and others.
89GF Score
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