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PT Mahkota Group TbkISX:MGRO +0.74%59 Piotroski F-Score is 5 as of Jul. 25, 2026, which is 25% above its 10-year median of 4.00. GuruFocus rates ISX:MGRO with a GF Score™ of 59/100 and a GF Value™ of Rp801.69 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,912 Consumer Packaged Goods companies, PT Mahkota Group Tbk ranks better than 51.73% 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 Mahkota Group Tbk has an F-score of 5 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for PT Mahkota Group Tbk's Piotroski F-Score or its related term are showing as below:
ISX:MGRO'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 4 Max: 7
Current: 5
During the past 11 years, the highest Piotroski F-Score of PT Mahkota Group Tbk was 7. The lowest was 2. And the median was 4.
PT Mahkota Group Tbk (ISX:MGRO) 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 Mahkota Group Tbk Piotroski F-Score Related Terms
PT Mahkota Group Tbk Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PT Mahkota Group 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:MGRO vs KHC, GIS: Piotroski F-Score Comparison
For the Packaged Foods subindustry, PT Mahkota Group 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 Mahkota Group Tbk Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Mahkota Group Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Mahkota Group 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 -24031.943 + -4047.629 + 3819.06 + -23097.616 = Rp-47,358 Mil. Cash Flow from Operations was -190943.11 + 354333.493 + -29624.032 + 117687.082 = Rp251,453 Mil. Revenue was 1949580.789 + 1587509.655 + 1401667.555 + 1537906.083 = Rp6,476,664 Mil. Gross Profit was 110559.626 + 84192.465 + 79927.04 + 77086.023 = Rp351,765 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3091604.764 + 3028515.965 + 2798597.836 + 2725486.093 + 2649321.895) / 5 = Rp2858705.3106 Mil. Total Assets at the begining of this year (Mar25) was Rp3,091,605 Mil. Long-Term Debt & Capital Lease Obligation was Rp563,072 Mil. Total Current Assets was Rp858,412 Mil. Total Current Liabilities was Rp1,649,089 Mil.
Net Income was -25109.815 + -23637.093 + 71114.787 + -24000.482 = Rp-1,633 Mil.
Revenue was 972928.784 + 1237062.74 + 1487309.705 + 1393306.743 = Rp5,090,608 Mil. Gross Profit was 59871.157 + 99144.912 + 162152.137 + 116378.955 = Rp437,547 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3395608.4 + 2934817.276 + 2753755.106 + 3073741.393 + 3091604.764) / 5 = Rp3049905.3878 Mil. Total Assets at the begining of last year (Mar24) was Rp3,395,608 Mil. Long-Term Debt & Capital Lease Obligation was Rp670,624 Mil. Total Current Assets was Rp1,565,272 Mil. Total Current Liabilities was Rp1,879,062 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 Mahkota Group Tbk's current Net Income (TTM) was -47,358.
==> 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 Mahkota Group Tbk's current Cash Flow from Operations (TTM) was 251,453.
==> 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 Mahkota Group Tbk's return on assets of this year was -0.0153183. PT Mahkota Group Tbk's return on assets of last year was -0.0004808.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
PT Mahkota Group Tbk's gearing of this year was 0.19696763. PT Mahkota Group Tbk's gearing of last year was 0.21988359.
==> 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 Mahkota Group Tbk's current ratio of this year was 0.5205368. PT Mahkota Group Tbk's current ratio of last year was 0.8330071.
==> 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 Mahkota Group Tbk's number of shares in issue this year was 3488.376. PT Mahkota Group Tbk's number of shares in issue last year was 3530.482.
==> 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 Mahkota Group Tbk's gross margin of this year was 0.05431271. PT Mahkota Group Tbk's gross margin of last year was 0.08595185.
==> 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 Mahkota Group Tbk's asset turnover of this year was 2.09491982. PT Mahkota Group Tbk's asset turnover of last year was 1.49917404.
==> 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 Mahkota Group Tbk has an F-score of 5 indicating the company's financial situation is typical for a stable company.
PT Mahkota Group Tbk (ISX:MGRO) has a Piotroski F-Score of 5 as of Jul. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Mahkota Group Tbk and its competitors. This is 25% above median its historical median of 4.00. Over the past decade, PT Mahkota Group Tbk's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, PT Mahkota Group Tbk ranks #923 out of 1912 companies in the Consumer Packaged Goods industry, placing it in the top 48.3%.
Is PT Mahkota Group Tbk's Piotroski F-Score too high?
PT Mahkota Group Tbk's current Piotroski F-Score of 5 is 25% above median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. PT Mahkota Group Tbk's value of 5 is 0% at this industry median. Based on the distribution chart, PT Mahkota Group Tbk ranks #923 out of 1912 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, PT Mahkota Group Tbk has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mahkota Group Tbk's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, PT Mahkota Group Tbk ranks #923 out of 1912 companies for Piotroski F-Score. This puts PT Mahkota Group Tbk in the upper half of its industry. The industry median Piotroski F-Score is 5.00. PT Mahkota Group Tbk's value of 5 is 0% at this benchmark. Historically, PT Mahkota Group Tbk's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 5.00, PT Mahkota Group 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 1,912 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 Mahkota Group 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 Mahkota Group 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 Mahkota Group Tbk's current Piotroski F-Score is 5, which is 25% above median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Mahkota Group Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mahkota Group Tbk (ISX:MGRO) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp801.69, compared to a current price of Rp680.00 — trading 15.2% below its estimated fair value. The current Piotroski F-Score is 5, which is 25% above median its 10-year median of 4.00 and 0% at the Consumer Packaged Goods industry median of 5.00. PT Mahkota Group Tbk's overall GF Score™ is 59/100 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 Mahkota Group Tbk (ISX:MGRO), the current Piotroski F-Score is 5 as of Jul. 25, 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 Mahkota Group Tbk (ISX:MGRO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Mahkota Group Tbk stock appears to be undervalued.
The current stock price of Rp680.00 is trading 15.2% below its estimated GF Value™ of Rp801.69.
GuruFocus considers PT Mahkota Group Tbk to be Modestly Undervalued.
Key valuation signals for ISX:MGRO:
Piotroski F-Score: 5 (25% above median its 10-year median of 4.00)
GF Value™: Rp801.69 vs. price of Rp680.00 (15.2% below fair value)
Industry Position: 0% at the Consumer Packaged Goods median (#923 of 1912)
No single metric tells the full story. See the ISX:MGRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Mahkota Group Tbk along with its subsidiaries owns palm oil processing factories located in North Sumatra and Riau. Its segments include: Crude Palm and its derivatives; Palm Kernel and its derivatives; Other Palm products; Tank Rental Income; and Management fee. It generates maximum revenue from the Other Palm Products segment. The company's products include: Crude palm oil, Palm kernel, Fresh Fruit Bunches, RBD Palm Olein, Palm Fatty Acid Distillate, Palm Kernel Oil, and Palm Kernel Expeller.
59GF Score
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