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PT Indospring TbkISX:INDS 78 Piotroski F-Score is 7 as of Sep. 11, 2026, which is at its 10-year median of 7.00. GuruFocus rates ISX:INDS with a GF Score™ of 78/100 and a GF Value™ of Rp258.49 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,301 Vehicles & Parts companies, PT Indospring Tbk ranks better than 87.93% 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 Indospring 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 Indospring Tbk's Piotroski F-Score or its related term are showing as below:
ISX:INDS'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 7 Max: 9
Current: 7
During the past 13 years, the highest Piotroski F-Score of PT Indospring Tbk was 9. The lowest was 3. And the median was 7.
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 Indospring Tbk Piotroski F-Score Related Terms
PT Indospring Tbk Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PT Indospring 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.
ISX:INDS vs ORLY, AZO, GPC: Piotroski F-Score Comparison
For the Auto Parts subindustry, PT Indospring 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 Indospring Tbk Piotroski F-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, PT Indospring Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Indospring 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 18118 + 24850.008 + -1905.071 + 22901.759 = Rp63,965 Mil. Cash Flow from Operations was 32188.563 + 53102.179 + -19423.402 + 74801.885 = Rp140,669 Mil. Revenue was 904864.216 + 842315.897 + 849149.31 + 980029.265 = Rp3,576,359 Mil. Gross Profit was 118547.189 + 139470.722 + 92415.805 + 120243.061 = Rp470,677 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(4297163.126 + 4433563.299 + 4461919.697 + 4455459.237 + 4626400.44) / 5 = Rp4454901.1598 Mil. Total Assets at the begining of this year (Jun25) was Rp4,297,163 Mil. Long-Term Debt & Capital Lease Obligation was Rp13,457 Mil. Total Current Assets was Rp2,047,990 Mil. Total Current Liabilities was Rp765,339 Mil.
Net Income was 11839.034 + 16519.482 + 20238.949 + 14030.376 = Rp62,628 Mil.
Revenue was 857001.263 + 756541.029 + 774238.448 + 781734.915 = Rp3,169,516 Mil. Gross Profit was 100367.479 + 117865.789 + 108337.066 + 119728.312 = Rp446,299 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(4211589.785 + 4215464.806 + 4255811.895 + 4306654.127 + 4297163.126) / 5 = Rp4257336.7478 Mil. Total Assets at the begining of last year (Jun24) was Rp4,211,590 Mil. Long-Term Debt & Capital Lease Obligation was Rp41,082 Mil. Total Current Assets was Rp1,693,722 Mil. Total Current Liabilities was Rp469,778 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 Indospring Tbk's current Net Income (TTM) was 63,965.
==> 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 Indospring Tbk's return on assets of this year was 0.01488533. PT Indospring Tbk's return on assets of last year was 0.01487036.
==> 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 Indospring Tbk's gearing of this year was 0.00302069. PT Indospring Tbk's gearing of last year was 0.00964961.
==> 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 Indospring Tbk's current ratio of this year was 2.67592388. PT Indospring Tbk's current ratio of last year was 3.60536955.
==> 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 Indospring Tbk's number of shares in issue this year was 6562.497. PT Indospring Tbk's number of shares in issue last year was 6562.497.
==> 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 Indospring Tbk's gross margin of this year was 0.13160782. PT Indospring Tbk's gross margin of last year was 0.14080973.
==> 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 Indospring Tbk's asset turnover of this year was 0.8322604. PT Indospring Tbk's asset turnover of last year was 0.75256989.
==> 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 Indospring Tbk has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
PT Indospring Tbk (ISX:INDS) has a Piotroski F-Score of 7 as of Sep. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Indospring Tbk and its competitors. This is near median its historical median of 7.00. Over the past decade, PT Indospring Tbk's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, PT Indospring Tbk ranks #157 out of 1301 companies in the Vehicles & Parts industry, placing it in the top 12.1%.
Is PT Indospring Tbk's Piotroski F-Score too high?
PT Indospring 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 3.00 to a high of 9.00. The Vehicles & Parts industry median Piotroski F-Score is 6.00. PT Indospring Tbk's value of 7 is 16.7% above this industry median. Based on the distribution chart, PT Indospring Tbk ranks #157 out of 1301 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, PT Indospring Tbk has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Indospring Tbk's Piotroski F-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, PT Indospring Tbk ranks #157 out of 1301 companies for Piotroski F-Score. This places PT Indospring Tbk in the top 12% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. PT Indospring Tbk's value of 7 is 16.7% above this benchmark. Historically, PT Indospring 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 7.00 vs. the industry median of 6.00, PT Indospring 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 Vehicles & Parts company?
The median Piotroski F-Score among Vehicles & Parts companies is 6.00, based on 1,301 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 Indospring Tbk's current Piotroski F-Score of 7 is 16.7% 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 Indospring Tbk and its competitors. For the Vehicles & Parts industry, the median Piotroski F-Score is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indospring 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 Indospring Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indospring Tbk (ISX:INDS) is currently considered Fairly Valued. The stock's GF Value™ is Rp258.49, compared to a current price of Rp272.00 — trading 5.2% above its estimated fair value. The current Piotroski F-Score is 7, which is near median its 10-year median of 7.00 and 16.7% above the Vehicles & Parts industry median of 6.00. PT Indospring Tbk's overall GF Score™ is 78/100 with 5 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 Indospring Tbk (ISX:INDS), the current Piotroski F-Score is 7 as of Sep. 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 Indospring Tbk (ISX:INDS) Overvalued in 2026?
Based on GuruFocus' analysis, PT Indospring Tbk stock appears to be overvalued.
The current stock price of Rp272.00 is trading 5.2% above its estimated GF Value™ of Rp258.49.
GuruFocus considers PT Indospring Tbk to be Fairly Valued.
Key valuation signals for ISX:INDS:
Piotroski F-Score: 7 (near median its 10-year median of 7.00)
GF Value™: Rp258.49 vs. price of Rp272.00 (5.2% above fair value)
Industry Position: 16.7% above the Vehicles & Parts median (#157 of 1301)
No single metric tells the full story. See the ISX:INDS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Indospring Tbk is engaged in the manufacture of leaf springs and coil springs. Its products include multi-leaf springs, parabolic leaf springs, trailing leaf springs, tension springs, compression springs, valve springs, wire rings, hot coil springs, and Yoko-oki leaf springs. The company's manufacturing facilities are located in Gresik, Indonesia. It operates in two segments: the spare part industry and the Agricultural equipment industry. The spare part industry segment contributes to the majority of the company's revenue. Geographically, the company generates the majority of its revenue from the domestic market.
78GF Score
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