PT Pam Mineral TbkISX:NICL -5.60%87 Piotroski F-Score is 5 as of Jul. 01, 2026, which is at its 10-year median of 5.00. GuruFocus rates ISX:NICL with a GF Score™ of 87/100 and a GF Value™ of Rp296.55 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,506 Metals & Mining companies, PT Pam Mineral Tbk ranks better than 85.91% 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 Pam Mineral 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 Pam Mineral Tbk's Piotroski F-Score or its related term are showing as below:
ISX:NICL'
s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 5 Max: 8
Current: 5
During the past 9 years, the highest Piotroski F-Score of PT Pam Mineral Tbk was 8. The lowest was 1. And the median was 5.
PT Pam Mineral Tbk (ISX:NICL) 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 Pam Mineral Tbk Piotroski F-Score Related Terms
PT Pam Mineral Tbk Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PT Pam Mineral 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 Pam Mineral Tbk Piotroski F-Score Competitor Comparison
For the Other Industrial Metals & Mining subindustry, PT Pam Mineral 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 Pam Mineral Tbk Piotroski F-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, PT Pam Mineral Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Pam Mineral 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 164670.824 + 43410.674 + -56477.777 + 118566.173 = Rp270,170 Mil. Cash Flow from Operations was 168502.242 + 65727.888 + -6780.209 + 75001.3 = Rp302,451 Mil. Revenue was 512740.669 + 297062.744 + 119366.486 + 295057.232 = Rp1,224,227 Mil. Gross Profit was 231653.219 + 77455.966 + 1153.141 + 180653.272 = Rp490,916 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1268181.757 + 1099826.782 + 971889.125 + 873053.951 + 1069240.334) / 5 = Rp1056438.3898 Mil. Total Assets at the begining of this year (Mar25) was Rp1,268,182 Mil. Long-Term Debt & Capital Lease Obligation was Rp0 Mil. Total Current Assets was Rp455,321 Mil. Total Current Liabilities was Rp151,160 Mil.
Net Income was 61277.442 + 99805.496 + 144764.544 + 192850.943 = Rp498,698 Mil.
Revenue was 302394.845 + 402159.625 + 621136.275 + 543911.424 = Rp1,869,602 Mil. Gross Profit was 99563.909 + 150947.071 + 223465.19 + 291814.987 = Rp765,791 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(881704.426 + 918715.743 + 978351.276 + 1050106.851 + 1268181.757) / 5 = Rp1019412.0106 Mil. Total Assets at the begining of last year (Mar24) was Rp881,704 Mil. Long-Term Debt & Capital Lease Obligation was Rp307 Mil. Total Current Assets was Rp834,089 Mil. Total Current Liabilities was Rp175,897 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 Pam Mineral Tbk's current Net Income (TTM) was 270,170.
==> 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 Pam Mineral Tbk's return on assets of this year was 0.2130372. PT Pam Mineral Tbk's return on assets of last year was 0.56560726.
==> 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 Pam Mineral Tbk's gearing of this year was 0. PT Pam Mineral Tbk's gearing of last year was 0.00030068.
==> 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 Pam Mineral Tbk's current ratio of this year was 3.01218917. PT Pam Mineral Tbk's current ratio of last year was 4.7419077.
==> 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 Pam Mineral Tbk's number of shares in issue this year was 10635.645. PT Pam Mineral Tbk's number of shares in issue last year was 10635.645.
==> 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 Pam Mineral Tbk's gross margin of this year was 0.40100042. PT Pam Mineral Tbk's gross margin of last year was 0.40960113.
==> 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 Pam Mineral Tbk's asset turnover of this year was 0.96534044. PT Pam Mineral Tbk's asset turnover of last year was 2.12044095.
==> Last year's asset turnover is higher ==> Score 0.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Pam Mineral Tbk has an F-score of 5 indicating the company's financial situation is typical for a stable company.
PT Pam Mineral Tbk (ISX:NICL) has a Piotroski F-Score of 5 as of Jul. 01, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Pam Mineral Tbk and its competitors. This is near median its historical median of 5.00. Over the past decade, PT Pam Mineral Tbk's Piotroski F-Score has ranged from 1.00 to 8.00. According to the industry distribution chart, PT Pam Mineral Tbk ranks #353 out of 2506 companies in the Metals & Mining industry, placing it in the top 14.1%.
Is PT Pam Mineral Tbk's Piotroski F-Score too high?
PT Pam Mineral Tbk's current Piotroski F-Score of 5 is near median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 8.00. The Metals & Mining industry median Piotroski F-Score is 3.00. PT Pam Mineral Tbk's value of 5 is 66.7% above this industry median. Based on the distribution chart, PT Pam Mineral Tbk ranks #353 out of 2506 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, PT Pam Mineral Tbk has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Pam Mineral Tbk's Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, PT Pam Mineral Tbk ranks #353 out of 2506 companies for Piotroski F-Score. This places PT Pam Mineral Tbk in the top 14% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. PT Pam Mineral Tbk's value of 5 is 66.7% above this benchmark. Historically, PT Pam Mineral Tbk's own Piotroski F-Score has ranged from 1.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 3.00, PT Pam Mineral 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,506 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 Pam Mineral Tbk's current Piotroski F-Score of 5 is 66.7% 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 Pam Mineral Tbk and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Pam Mineral Tbk's current Piotroski F-Score is 5, which is near median its own 10-year median of 5.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Pam Mineral Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Pam Mineral Tbk (ISX:NICL) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp296.55, compared to a current price of Rp486.00 — trading 63.9% above its estimated fair value. The current Piotroski F-Score is 5, which is near median its 10-year median of 5.00 and 66.7% above the Metals & Mining industry median of 3.00. PT Pam Mineral Tbk's overall GF Score™ is 87/100 with 2 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 Pam Mineral Tbk (ISX:NICL), the current Piotroski F-Score is 5 as of Jul. 01, 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 Pam Mineral Tbk (ISX:NICL) Overvalued in 2026?
Based on GuruFocus' analysis, PT Pam Mineral Tbk stock appears to be overvalued.
The current stock price of Rp486.00 is trading 63.9% above its estimated GF Value™ of Rp296.55.
GuruFocus considers PT Pam Mineral Tbk to be Significantly Overvalued.
Key valuation signals for ISX:NICL:
Piotroski F-Score: 5 (near median its 10-year median of 5.00)
GF Value™: Rp296.55 vs. price of Rp486.00 (63.9% above fair value)
Industry Position: 66.7% above the Metals & Mining median (#353 of 2506)
No single metric tells the full story. See the ISX:NICL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Pam Mineral Tbk is involved in the extraction of nickel minerals, either directly or through its subsidiaries, with a particular focus on nickel ore. The Group only has one reporting segment, which is the nickel ore sales segment. Geographically, it operates in single segment that is domestic regions of Indonesia.
87GF Score
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