PT Mitra Energi Persada Tbk (ISX:KOPI) Piotroski F-Score

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What is PT Mitra Energi Persada Tbk Piotroski F-Score?

PT Mitra Energi Persada Tbk does not have enough data to calculate Piotroski F-Score.

PT Mitra Energi Persada Tbk Piotroski F-Score Historical Data

The historical data trend for PT Mitra Energi Persada Tbk's Piotroski F-Score can be seen below:

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PT Mitra Energi Persada Tbk Piotroski F-Score Chart

PT Mitra Energi Persada Tbk Annual Data

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Piotroski F-Score

PT Mitra Energi Persada Tbk Quarterly Data

Piotroski F-Score

PT Mitra Energi Persada Tbk (ISX:KOPI) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.

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PT Mitra Energi Persada Tbk (ISX:KOPI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Mitra Energi Persada Tbk (ISX:KOPI) » Definitions » Piotroski F-Score

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Address

Jalan Warung Jati Barat No. 43, Graha Krama Yudha Building, 2nd Floor, Jakarta Selatan, Jakarta, IDN, 12760

Website

http://www.new.mitraenergipersada.com

PT Mitra Energi Persada Tbk is engaged in the business of trading, industry, and service. Its primary business activities consist of large trading of machines and equipment, large trading of solid fuel, liquid and gas, and other related products. The company's other activities include supporting activities of oil and gas mining, large trading on the basis of compensation (fee) or contract, supply of natural and artificial gas, distribution of natural and artificial gas, and transporting by pipelines.

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