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PT Inti Agri Resources Tbk (ISX:IIKP) 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 Inti Agri Resources Tbk Piotroski F-Score Related Terms
PT Inti Agri Resources 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.
PT Inti Agri Resources Tbk Piotroski F-Score Chart
PT Inti Agri Resources Tbk Piotroski F-Score Competitor Comparison
For the Farm Products subindustry, PT Inti Agri Resources 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 Inti Agri Resources Tbk Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Inti Agri Resources Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Inti Agri Resources 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 -2753.616 + -4918.915 + -2788.621 + -2910.655 = Rp-13,372 Mil. Cash Flow from Operations was -108.917 + 15.524 + 1.763 + -25.02 = Rp-117 Mil. Revenue was 4735.558 + 40.54 + 25.069 + 25.069 = Rp4,826 Mil. Gross Profit was -3015.679 + -3210.229 + -3143.302 + -3179.206 = Rp-12,548 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(190181.082 + 187400.167 + 182600.774 + 179760.661 + 176836.493) / 5 = Rp183355.8354 Mil. Total Assets at the begining of this year (Jun25) was Rp190,181 Mil. Long-Term Debt & Capital Lease Obligation was Rp0 Mil. Total Current Assets was Rp39,214 Mil. Total Current Liabilities was Rp367 Mil.
Net Income was -3812.291 + -7235.142 + -4082.364 + -1092.379 = Rp-16,222 Mil.
Revenue was 2207.211 + 469.42 + 917.903 + 4066.066 = Rp7,661 Mil. Gross Profit was -2384.542 + -4141.774 + -2783.818 + -425.761 = Rp-9,736 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(206709.806 + 202706.722 + 195420.243 + 191260.57 + 190181.082) / 5 = Rp197255.6846 Mil. Total Assets at the begining of last year (Jun24) was Rp206,710 Mil. Long-Term Debt & Capital Lease Obligation was Rp0 Mil. Total Current Assets was Rp44,227 Mil. Total Current Liabilities was Rp457 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 Inti Agri Resources Tbk's current Net Income (TTM) was -13,372.
==> Negative ==> Score 0.
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 Inti Agri Resources Tbk's current Cash Flow from Operations (TTM) was -117.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
PT Inti Agri Resources Tbk's return on assets of this year was -0.07031092. PT Inti Agri Resources Tbk's return on assets of last year was -0.07847802.
==> 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 Inti Agri Resources Tbk's gearing of this year was 0. PT Inti Agri Resources Tbk's gearing of last year was 0.
==> 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 Inti Agri Resources Tbk's current ratio of this year was 106.72665319. PT Inti Agri Resources Tbk's current ratio of last year was 96.78836323.
==> 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 Inti Agri Resources Tbk's number of shares in issue this year was 33600. PT Inti Agri Resources Tbk's number of shares in issue last year was 33600.
==> 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 Inti Agri Resources Tbk's gross margin of this year was -2.60004194. PT Inti Agri Resources Tbk's gross margin of last year was -1.27090502.
==> 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 Inti Agri Resources Tbk's asset turnover of this year was 0.02537706. PT Inti Agri Resources Tbk's asset turnover of last year was 0.03705968.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Que. 1
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0
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5
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Inti Agri Resources Tbk has an F-score of 5 indicating the company's financial situation is typical for a stable company.
PT Inti Agri Resources Tbk (ISX:IIKP) has a Piotroski F-Score of 5 as of Aug. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Inti Agri Resources Tbk and its competitors. This is near median its historical median of 5.00. Over the past decade, PT Inti Agri Resources Tbk's Piotroski F-Score has ranged from 3.00 to 8.00.
Is PT Inti Agri Resources Tbk's Piotroski F-Score too high?
PT Inti Agri Resources Tbk's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 3.00 to a high of 8.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. PT Inti Agri Resources Tbk's value of 5 is 0% at this industry median. Overall, PT Inti Agri Resources Tbk has a GF Score™ of 6/100, reflecting its overall financial health beyond just this single metric.
How does PT Inti Agri Resources Tbk's Piotroski F-Score compare to competitors?
PT Inti Agri Resources Tbk's Piotroski F-Score of 5 can be compared against companies in the Consumer Packaged Goods industry. The industry median Piotroski F-Score is 5.00. PT Inti Agri Resources Tbk's value of 5 is 0% at this benchmark. Historically, PT Inti Agri Resources Tbk's own Piotroski F-Score has ranged from 3.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, PT Inti Agri Resources Tbk has consistently been at 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,907 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 Inti Agri Resources Tbk's current Piotroski F-Score of 5 is 0% at 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 Inti Agri Resources Tbk and its competitors. For the Consumer Packaged Goods 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 Inti Agri Resources Tbk's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Inti Agri Resources Tbk stock overvalued right now?
PT Inti Agri Resources Tbk (ISX:IIKP) has a current Piotroski F-Score of 5. The stock's GF Value™ is Rp16.63, compared to a current price of Rp50.00 — trading 200.7% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 0% at the Consumer Packaged Goods industry median of 5.00. PT Inti Agri Resources Tbk's overall GF Score™ is 6/100 with 6 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 Inti Agri Resources Tbk (ISX:IIKP), the current Piotroski F-Score is 5 as of Aug. 11, 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 Inti Agri Resources Tbk (ISX:IIKP) Overvalued in 2026?
Based on GuruFocus' analysis, PT Inti Agri Resources Tbk stock appears to be overvalued.
The current stock price of Rp50.00 is trading 200.7% above its estimated GF Value™ of Rp16.63.
Key valuation signals for ISX:IIKP:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: Rp16.63 vs. price of Rp50.00 (200.7% above fair value)
Industry Position: 0% at the Consumer Packaged Goods median
No single metric tells the full story. See the ISX:IIKP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Inti Agri Resources Tbk is engaged in the fields of fisheries, trade and plantations. The company is in business activities of Arowana Fish Breeding and Trading. It operates in one segment of selling arowana fish and its supporting components to customers.
6GF Score
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