PT Mayora Indah Tbk (ISX:MYOR) Piotroski F-Score: 8 (As of Jun. 27, 2026) — 33% Above Median


ISX:MYOR PT Mayora Indah Tbk ISX:MYOR
90 GF Score
Price Rp1,870.00
GF Value Rp2,923.72
Valuation Significantly Undervalued
! 4 Warning Signs
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What is PT Mayora Indah Tbk Piotroski F-Score?

PT Mayora Indah Tbk ISX:MYOR -1.32% 90 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates ISX:MYOR with a GF Score™ of 90/100 and a GF Value™ of Rp2,923.72 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,911 Consumer Packaged Goods companies, PT Mayora Indah Tbk ranks better than 97.7% on this metric.

Good Sign:

Piotroski F-Score is 8, 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 Mayora Indah Tbk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

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

ISX:MYOR' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 8

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

PT Mayora Indah Tbk  (ISX:MYOR) 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 Mayora Indah Tbk Piotroski F-Score Related Terms


PT Mayora Indah Tbk Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for PT Mayora Indah 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 Mayora Indah Tbk Piotroski F-Score Chart

PT Mayora Indah 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 6.00 7.00 3.00 4.00

PT Mayora Indah 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 4.00 3.00 5.00 4.00 8.00

ISX:MYOR vs KHC, GIS: Piotroski F-Score Comparison

For the Packaged Foods subindustry, PT Mayora Indah 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 Mayora Indah Tbk Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Mayora Indah Tbk's Piotroski F-Score distribution charts can be found below:

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


ISX:MYOR
90GF Score
PT Mayora Indah Tbk ISX:MYOR
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 477209.847 + 682917.557 + 1015618.796 + 945583.41 = Rp3,121,330 Mil.
Cash Flow from Operations was 256756.107 + 137444.348 + 2410257.413 + 2813251.421 = Rp5,617,709 Mil.
Revenue was 7936942.521 + 9360699.459 + 11524066.651 + 9392264.16 = Rp38,213,973 Mil.
Gross Profit was 1612904.629 + 1985742.703 + 2729685.133 + 2494079.85 = Rp8,822,412 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(29068852.21 + 30237129.214 + 30713681.398 + 31379998.866 + 28639073.668) / 5 = Rp30007747.0712 Mil.
Total Assets at the begining of this year (Mar25) was Rp29,068,852 Mil.
Long-Term Debt & Capital Lease Obligation was Rp3,776,017 Mil.
Total Current Assets was Rp18,603,377 Mil.
Total Current Liabilities was Rp4,449,016 Mil.
Net Income was 605581.335 + 297792.044 + 984873.198 + 689439.164 = Rp2,577,686 Mil.

Revenue was 7462122.235 + 9416218.135 + 10433451.621 + 9859853.629 = Rp37,171,646 Mil.
Gross Profit was 1755452.24 + 1926447.001 + 2185680.448 + 2163929.613 = Rp8,031,509 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(25918320.623 + 27446717.946 + 30326767.925 + 29728781.934 + 29068852.21) / 5 = Rp28497888.1276 Mil.
Total Assets at the begining of last year (Mar24) was Rp25,918,321 Mil.
Long-Term Debt & Capital Lease Obligation was Rp4,294,423 Mil.
Total Current Assets was Rp18,812,637 Mil.
Total Current Liabilities was Rp5,928,333 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 Mayora Indah Tbk's current Net Income (TTM) was 3,121,330. ==> 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 Mayora Indah Tbk's current Cash Flow from Operations (TTM) was 5,617,709. ==> 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)
=3121329.61/29068852.21
=0.10737712

ROA (Last Year)=Net Income/Total Assets (Mar24)
=2577685.741/25918320.623
=0.0994542

PT Mayora Indah Tbk's return on assets of this year was 0.10737712. PT Mayora Indah Tbk's return on assets of last year was 0.0994542. ==> 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 Mayora Indah Tbk's current Net Income (TTM) was 3,121,330. PT Mayora Indah Tbk's current Cash Flow from Operations (TTM) was 5,617,709. ==> 5,617,709 > 3,121,330 ==> 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
=3776017.343/30007747.0712
=0.12583475

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=4294423.352/28497888.1276
=0.15069269

PT Mayora Indah Tbk's gearing of this year was 0.12583475. PT Mayora Indah Tbk's gearing of last year was 0.15069269. ==> 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
=18603376.788/4449016.001
=4.18145873

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=18812637.144/5928332.896
=3.17334358

PT Mayora Indah Tbk's current ratio of this year was 4.18145873. PT Mayora Indah Tbk's current ratio of last year was 3.17334358. ==> This year's current ratio is higher. ==> Score 1.

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 Mayora Indah Tbk's number of shares in issue this year was 22311.111. PT Mayora Indah Tbk's number of shares in issue last year was 22358.7. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=8822412.315/38213972.791
=0.23086875

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=8031509.302/37171645.62
=0.21606548

PT Mayora Indah Tbk's gross margin of this year was 0.23086875. PT Mayora Indah Tbk's gross margin of last year was 0.21606548. ==> This year's gross margin is higher. ==> Score 1.

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)
=38213972.791/29068852.21
=1.31460205

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=37171645.62/25918320.623
=1.43418419

PT Mayora Indah Tbk's asset turnover of this year was 1.31460205. PT Mayora Indah Tbk's asset turnover of last year was 1.43418419. ==> 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
=1+1+1+1+1+1+1+1+0
=8

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

PT Mayora Indah Tbk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
PT Mayora Indah Tbk (ISX:MYOR) has a Piotroski F-Score of 8 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Mayora Indah Tbk and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, PT Mayora Indah Tbk's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, PT Mayora Indah Tbk ranks #44 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 2.3%.
Is PT Mayora Indah Tbk's Piotroski F-Score too high?
PT Mayora Indah Tbk's current Piotroski F-Score of 8 is 33% above 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 Consumer Packaged Goods industry median Piotroski F-Score is 5.00. PT Mayora Indah Tbk's value of 8 is 60% above this industry median. Based on the distribution chart, PT Mayora Indah Tbk ranks #44 out of 1911 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PT Mayora Indah Tbk has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Mayora Indah Tbk's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, PT Mayora Indah Tbk ranks #44 out of 1911 companies for Piotroski F-Score. This places PT Mayora Indah Tbk in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. PT Mayora Indah Tbk's value of 8 is 60% above this benchmark. Historically, PT Mayora Indah 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 5.00, PT Mayora Indah 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 Mayora Indah Tbk's current Piotroski F-Score of 8 is 60% 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 Mayora Indah 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 Mayora Indah Tbk's current Piotroski F-Score is 8, which is 33% above 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 Mayora Indah Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mayora Indah Tbk (ISX:MYOR) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp2,923.72, compared to a current price of Rp1,870.00 — trading 36% below its estimated fair value. The current Piotroski F-Score is 8, which is 33% above median its 10-year median of 6.00 and 60% above the Consumer Packaged Goods industry median of 5.00. PT Mayora Indah Tbk's overall GF Score™ is 90/100 with 4 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 Mayora Indah Tbk (ISX:MYOR), the current Piotroski F-Score is 8 as of Jun. 27, 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 Mayora Indah Tbk (ISX:MYOR) Overvalued in 2026?

Based on GuruFocus' analysis, PT Mayora Indah Tbk stock appears to be undervalued. The current stock price of Rp1,870.00 is trading 36% below its estimated GF Value™ of Rp2,923.72. GuruFocus considers PT Mayora Indah Tbk to be Significantly Undervalued.

Key valuation signals for ISX:MYOR:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: Rp2,923.72 vs. price of Rp1,870.00 (36% below fair value)
  • GF Score™: 90/100 with 4 warning signs
  • Industry Position: 60% above the Consumer Packaged Goods median (#44 of 1911)

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


PT Mayora Indah Tbk Business Description

Other Exchanges D7V:Germany
Address Jl. Tomang Raya 21-23, Gedung Mayora lantai 8, Jakarta Barat, Jakarta, IDN, 11440
PT Mayora Indah Tbk makes biscuits, candy, wafers, chocolate, coffee, instant food, cereal, and beverages. The brands of the company include Kopiko, Roma, Energen, Torabika, and Beng Beng. The Company has two operating segments, namely the packaged processed food segment and the packaged processed beverage segment. The Firm generates the majority of its revenue from packaged food processing. Geographical segments of the company include Indonesia, Asia, and others. Food processing, coffee powder processing, instant coffee production, and coffee bean processing are all located in Jabodetabek.
90GF Score

Get the complete analysis for ISX:MYOR

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

Rp1,870.00
Price
Rp2,923.72
GF Value