PT Link Net Tbk (ISX:LINK) Piotroski F-Score: 4 (As of Jul. 06, 2026) — 33% Below Median


ISX:LINK PT Link Net Tbk ISX:LINK
61 GF Score
Price Rp1,520.00
GF Value Rp1,653.27
Valuation Fairly Valued
! 7 Warning Signs
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What is PT Link Net Tbk Piotroski F-Score?

PT Link Net Tbk ISX:LINK +4.47% 61 Piotroski F-Score is 4 as of Jul. 06, 2026, which is 33% below its 10-year median of 6.00. GuruFocus rates ISX:LINK with a GF Score™ of 61/100 and a GF Value™ of Rp1,653.27 (Fairly Valued). The stock has 7 warning signs investors should review. Among 354 Telecommunication Services companies, PT Link Net Tbk ranks worse than 71.47% 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 Link Net Tbk has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for PT Link Net Tbk's Piotroski F-Score or its related term are showing as below:

ISX:LINK' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 4

During the past 13 years, the highest Piotroski F-Score of PT Link Net Tbk was 9. The lowest was 3. And the median was 6.

PT Link Net Tbk  (ISX:LINK) 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.


PT Link Net Tbk Piotroski F-Score Related Terms


PT Link Net Tbk Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for PT Link Net 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.

PT Link Net Tbk Piotroski F-Score Chart

PT Link Net Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 5.00 4.00 5.00 4.00

PT Link Net Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 5.00 4.00 4.00

ISX:LINK vs TMUS, VZ, T: Piotroski F-Score Comparison

For the Telecom Services subindustry, PT Link Net 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 Link Net Tbk Piotroski F-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, PT Link Net Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Link Net Tbk's Piotroski F-Score falls into.


ISX:LINK
61GF Score
PT Link Net Tbk ISX:LINK
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

How is the Piotroski F-Score calculated?

* 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 -336766 + -336248 + -421002 + -436920 = Rp-1,530,936 Mil.
Cash Flow from Operations was 176337 + 324148 + 425494 + -568745 = Rp357,234 Mil.
Revenue was 766308 + 818157 + 686849 + 661357 = Rp2,932,671 Mil.
Gross Profit was 373703 + 423962 + 358101 + 330485 = Rp1,486,251 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(14215935 + 14421440 + 15083572 + 13238013 + 13669601) / 5 = Rp14125712.2 Mil.
Total Assets at the begining of this year (Mar25) was Rp14,215,935 Mil.
Long-Term Debt & Capital Lease Obligation was Rp1,146,709 Mil.
Total Current Assets was Rp2,066,533 Mil.
Total Current Liabilities was Rp9,310,638 Mil.
Net Income was -172678 + -519240 + -383762 + -354933 = Rp-1,430,613 Mil.

Revenue was 537769 + 572668 + 876253 + 810278 = Rp2,796,968 Mil.
Gross Profit was 333141 + 328270 + 404212 + 386843 = Rp1,452,466 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(12990698 + 13390893 + 15321782 + 13916787 + 14215935) / 5 = Rp13967219 Mil.
Total Assets at the begining of last year (Mar24) was Rp12,990,698 Mil.
Long-Term Debt & Capital Lease Obligation was Rp3,277,178 Mil.
Total Current Assets was Rp2,014,866 Mil.
Total Current Liabilities was Rp6,215,290 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 Link Net Tbk's current Net Income (TTM) was -1,530,936. ==> 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 Link Net Tbk's current Cash Flow from Operations (TTM) was 357,234. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=-1530936/14215935
=-0.10769154

ROA (Last Year)=Net Income/Total Assets (Mar24)
=-1430613/12990698
=-0.11012595

PT Link Net Tbk's return on assets of this year was -0.10769154. PT Link Net Tbk's return on assets of last year was -0.11012595. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

PT Link Net Tbk's current Net Income (TTM) was -1,530,936. PT Link Net Tbk's current Cash Flow from Operations (TTM) was 357,234. ==> 357,234 > -1,530,936 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=1146709/14125712.2
=0.08117884

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=3277178/13967219
=0.23463354

PT Link Net Tbk's gearing of this year was 0.08117884. PT Link Net Tbk's gearing of last year was 0.23463354. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=2066533/9310638
=0.22195396

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=2014866/6215290
=0.32417892

PT Link Net Tbk's current ratio of this year was 0.22195396. PT Link Net Tbk's current ratio of last year was 0.32417892. ==> 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 Link Net Tbk's number of shares in issue this year was 2753.954. PT Link Net Tbk's number of shares in issue last year was 2751.581. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1486251/2932671
=0.50679091

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1452466/2796968
=0.51930019

PT Link Net Tbk's gross margin of this year was 0.50679091. PT Link Net Tbk's gross margin of last year was 0.51930019. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=2932671/14215935
=0.20629463

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=2796968/12990698
=0.21530544

PT Link Net Tbk's asset turnover of this year was 0.20629463. PT Link Net Tbk's asset turnover of last year was 0.21530544. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+1+1+1+0+0+0+0
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

PT Link Net Tbk has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
PT Link Net Tbk (ISX:LINK) has a Piotroski F-Score of 4 as of Jul. 06, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Link Net Tbk and its competitors. This is 33% below median its historical median of 6.00. Over the past decade, PT Link Net Tbk's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, PT Link Net Tbk ranks #253 out of 354 companies in the Telecommunication Services industry, placing it in the top 71.5%.
Is PT Link Net Tbk's Piotroski F-Score too high?
PT Link Net Tbk's current Piotroski F-Score of 4 is 33% below 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 Telecommunication Services industry median Piotroski F-Score is 6.00. PT Link Net Tbk's value of 4 is 33.3% below this industry median. Based on the distribution chart, PT Link Net Tbk ranks #253 out of 354 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, PT Link Net Tbk has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Link Net Tbk's Piotroski F-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, PT Link Net Tbk ranks #253 out of 354 companies for Piotroski F-Score. This places PT Link Net Tbk in the lower half of its industry. The industry median Piotroski F-Score is 6.00. PT Link Net Tbk's value of 4 is 33.3% below this benchmark. Historically, PT Link Net 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 6.00, PT Link Net Tbk has consistently been below 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 Telecommunication Services company?
The median Piotroski F-Score among Telecommunication Services companies is 6.00, based on 354 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 Link Net Tbk's current Piotroski F-Score of 4 is 33.3% below 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 Link Net Tbk and its competitors. For the Telecommunication Services 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 Link Net Tbk's current Piotroski F-Score is 4, which is 33% below 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 Link Net Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Link Net Tbk (ISX:LINK) is currently considered Fairly Valued. The stock's GF Value™ is Rp1,653.27, compared to a current price of Rp1,520.00 — trading 8.1% below its estimated fair value. The current Piotroski F-Score is 4, which is 33% below median its 10-year median of 6.00 and 33.3% below the Telecommunication Services industry median of 6.00. PT Link Net Tbk's overall GF Score™ is 61/100 with 7 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 Link Net Tbk (ISX:LINK), the current Piotroski F-Score is 4 as of Jul. 06, 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 Link Net Tbk (ISX:LINK) Overvalued in 2026?

Based on GuruFocus' analysis, PT Link Net Tbk stock appears to be undervalued. The current stock price of Rp1,520.00 is trading 8.1% below its estimated GF Value™ of Rp1,653.27. GuruFocus considers PT Link Net Tbk to be Fairly Valued.

Key valuation signals for ISX:LINK:

  • Piotroski F-Score: 4 (33% below median its 10-year median of 6.00)
  • GF Value™: Rp1,653.27 vs. price of Rp1,520.00 (8.1% below fair value)
  • GF Score™: 61/100 with 7 warning signs
  • Industry Position: 33.3% below the Telecommunication Services median (#253 of 354)

No single metric tells the full story. See the ISX:LINK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Link Net Tbk Business Description

Address Jalan Jend. Gatot Subroto Kav. 24-25, Centennial Tower Lantai 26 Unit D, Kuningan Timur, Setiabudi, Jakarta, IDN, 12930
PT Link Net Tbk currently provide services through a broadband communication network including the distribution of television (TV) programmes and high-speed internet through the Network. The company operates a Hybrid Fiber Coaxial (HFC) and Fiber-to-the-Home (FTTH) cable systems with technology. The Company operates and manages the business as a single segment that provides integrated services, including, among other things, high-speed internet and distribution of television (TV) programmes.
61GF Score

Get the complete analysis for ISX:LINK

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp1,520.00
Price
Rp1,653.27
GF Value