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 Indofood Sukses Makmur 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 Indofood Sukses Makmur Tbk's Piotroski F-Score or its related term are showing as below:
ISX:INDF'
s Piotroski F-Score Range Over the Past 10 Years
Min: 5 Med: 7 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of PT Indofood Sukses Makmur Tbk was 9. The lowest was 5. And the median was 7.
PT Indofood Sukses Makmur Tbk (ISX:INDF) 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 Indofood Sukses Makmur Tbk Piotroski F-Score Related Terms
PT Indofood Sukses Makmur 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 Indofood Sukses Makmur Tbk Piotroski F-Score Chart
ISX:INDF vs KHC, GIS: Piotroski F-Score Comparison
For the Packaged Foods subindustry, PT Indofood Sukses Makmur 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 Indofood Sukses Makmur Tbk Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Indofood Sukses Makmur Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Indofood Sukses Makmur 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 3114234 + 2043088 + 2803306 + 2958189 = Rp10,918,817 Mil. Cash Flow from Operations was 4716818 + 2754089 + 9180818 + 3254264 = Rp19,905,989 Mil. Revenue was 28288227 + 31137844 + 32512124 + 33890696 = Rp125,828,891 Mil. Gross Profit was 8943305 + 10432439 + 10931386 + 11156000 = Rp41,463,130 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(209241582 + 209245317 + 214465851 + 217981765 + 226511205) / 5 = Rp215489144 Mil. Total Assets at the begining of this year (Mar25) was Rp209,241,582 Mil. Long-Term Debt & Capital Lease Obligation was Rp49,908,845 Mil. Total Current Assets was Rp97,440,820 Mil. Total Current Liabilities was Rp45,067,713 Mil.
Net Income was 1404483 + 4906517 + -119142 + 2724025 = Rp8,915,883 Mil.
Revenue was 26504771 + 29647471 + 28842745 + 31555019 = Rp116,550,006 Mil. Gross Profit was 9294627 + 9887650 + 10442696 + 10885225 = Rp40,510,198 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(198318245 + 201184011 + 195486775 + 201713313 + 209241582) / 5 = Rp201188785.2 Mil. Total Assets at the begining of last year (Mar24) was Rp198,318,245 Mil. Long-Term Debt & Capital Lease Obligation was Rp51,112,222 Mil. Total Current Assets was Rp86,998,404 Mil. Total Current Liabilities was Rp39,476,975 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 Indofood Sukses Makmur Tbk's current Net Income (TTM) was 10,918,817.
==> 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 Indofood Sukses Makmur Tbk's current Cash Flow from Operations (TTM) was 19,905,989.
==> 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 Indofood Sukses Makmur Tbk's return on assets of this year was 0.05218283. PT Indofood Sukses Makmur Tbk's return on assets of last year was 0.04495745.
==> 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 Indofood Sukses Makmur Tbk's gearing of this year was 0.23160724. PT Indofood Sukses Makmur Tbk's gearing of last year was 0.25405105.
==> 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 Indofood Sukses Makmur Tbk's current ratio of this year was 2.16209817. PT Indofood Sukses Makmur Tbk's current ratio of last year was 2.20377585.
==> 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 Indofood Sukses Makmur Tbk's number of shares in issue this year was 8780.427. PT Indofood Sukses Makmur Tbk's number of shares in issue last year was 8780.427.
==> 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 Indofood Sukses Makmur Tbk's gross margin of this year was 0.32951995. PT Indofood Sukses Makmur Tbk's gross margin of last year was 0.34757783.
==> 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 Indofood Sukses Makmur Tbk's asset turnover of this year was 0.601357. PT Indofood Sukses Makmur Tbk's asset turnover of last year was 0.5876918.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Indofood Sukses Makmur Tbk has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
PT Indofood Sukses Makmur Tbk (ISX:INDF) has a Piotroski F-Score of 7 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Indofood Sukses Makmur Tbk and its competitors. This is near median its historical median of 7.00. Over the past decade, PT Indofood Sukses Makmur Tbk's Piotroski F-Score has ranged from 5.00 to 9.00. According to the industry distribution chart, PT Indofood Sukses Makmur Tbk ranks #218 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 11.4%.
Is PT Indofood Sukses Makmur Tbk's Piotroski F-Score too high?
PT Indofood Sukses Makmur Tbk's current Piotroski F-Score of 7 is near median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. PT Indofood Sukses Makmur Tbk's value of 7 is 40% above this industry median. Based on the distribution chart, PT Indofood Sukses Makmur Tbk ranks #218 out of 1911 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PT Indofood Sukses Makmur Tbk has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Indofood Sukses Makmur Tbk's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, PT Indofood Sukses Makmur Tbk ranks #218 out of 1911 companies for Piotroski F-Score. This places PT Indofood Sukses Makmur Tbk in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. PT Indofood Sukses Makmur Tbk's value of 7 is 40% above this benchmark. Historically, PT Indofood Sukses Makmur Tbk's own Piotroski F-Score has ranged from 5.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, PT Indofood Sukses Makmur 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 Consumer Packaged Goods company?
The median Piotroski F-Score among Consumer Packaged Goods companies is 5.00, based on 1,911 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 Indofood Sukses Makmur Tbk's current Piotroski F-Score of 7 is 40% 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 Indofood Sukses Makmur 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 Indofood Sukses Makmur Tbk's current Piotroski F-Score is 7, which is near median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indofood Sukses Makmur Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indofood Sukses Makmur Tbk (ISX:INDF) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp7,680.50, compared to a current price of Rp6,725.00 — trading 12.4% below its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 40% above the Consumer Packaged Goods industry median of 5.00. PT Indofood Sukses Makmur Tbk's overall GF Score™ is 88/100 with 2 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 Indofood Sukses Makmur Tbk (ISX:INDF), the current Piotroski F-Score is 7 as of Jun. 26, 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 Indofood Sukses Makmur Tbk (ISX:INDF) Overvalued in 2026?
Based on GuruFocus' analysis, PT Indofood Sukses Makmur Tbk stock appears to be undervalued.
The current stock price of Rp6,725.00 is trading 12.4% below its estimated GF Value™ of Rp7,680.50.
GuruFocus considers PT Indofood Sukses Makmur Tbk to be Modestly Undervalued.
Key valuation signals for ISX:INDF:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: Rp7,680.50 vs. price of Rp6,725.00 (12.4% below fair value)
Industry Position: 40% above the Consumer Packaged Goods median (#218 of 1911)
No single metric tells the full story. See the ISX:INDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Indofood Sukses Makmur Tbk Business Description
PT Indofood Sukses Makmur Tbk is a packaged food company with a diversified portfolio in both raw materials and processed food. It divides operations into the Consumer Branded Products Business Group, Bogasari Business Group, Agribusiness Group, and Distribution Business Group. The Consumer Branded Products Business Group, which generates maximum revenue, produces a varied range of consumer-branded products such as noodles, dairy, snack foods, special foods, food seasonings, and beverages. The Bogasari unit mainly produces wheat flour as well as pasta; and the Agribusiness unit is involved in seed breeding, oil palm cultivation and milling, and the production and marketing of branded cooking oils, margarine, and shortening. Geographically, the Group generates key revenue from Indonesia.
88GF Score
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