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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 Nusantara Pelabuhan Handal Tbk Piotroski F-Score Related Terms
PT Nusantara Pelabuhan Handal Tbk Piotroski F-Score Historical Data
* 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.
For the Marine Shipping subindustry, PT Nusantara Pelabuhan Handal 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 Nusantara Pelabuhan Handal Tbk Piotroski F-Score vs Transportation Industry
For the Transportation industry and Industrials sector, PT Nusantara Pelabuhan Handal Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Nusantara Pelabuhan Handal 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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 26204.232 + 35577.782 + 25464.426 + 68970.525 = Rp156,217 Mil. Cash Flow from Operations was 98280.725 + 89380.513 + 34366.596 + 119591.587 = Rp341,619 Mil. Revenue was 315597.116 + 338601.007 + 266887.831 + 339705.155 = Rp1,260,791 Mil. Gross Profit was 95435.811 + 99495.842 + 75407.929 + 119666.173 = Rp390,006 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(2289844.041 + 2253995.251 + 2287939.323 + 2315569.374 + 2402156.513) / 5 = Rp2309900.9004 Mil. Total Assets at the begining of this year (Jun25) was Rp2,289,844 Mil. Long-Term Debt & Capital Lease Obligation was Rp817,078 Mil. Total Current Assets was Rp783,056 Mil. Total Current Liabilities was Rp204,192 Mil.
Net Income was 32696.529 + 36390.539 + 32054.191 + 34555.388 = Rp135,697 Mil.
Revenue was 279184.899 + 407825.41 + 290185.521 + 299827.431 = Rp1,277,023 Mil. Gross Profit was 89065.36 + 105821.834 + 85534.274 + 89465.043 = Rp369,887 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(2529903.84 + 2288368.79 + 2290295.007 + 2306124.838 + 2289844.041) / 5 = Rp2340907.3032 Mil. Total Assets at the begining of last year (Jun24) was Rp2,529,904 Mil. Long-Term Debt & Capital Lease Obligation was Rp909,483 Mil. Total Current Assets was Rp593,068 Mil. Total Current Liabilities was Rp234,686 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 Nusantara Pelabuhan Handal Tbk's current Net Income (TTM) was 156,217.
==> 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 Nusantara Pelabuhan Handal Tbk's current Cash Flow from Operations (TTM) was 341,619.
==> 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 Nusantara Pelabuhan Handal Tbk's return on assets of this year was 0.06822166. PT Nusantara Pelabuhan Handal Tbk's return on assets of last year was 0.05363708.
==> This year is higher. ==> Score 1.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
PT Nusantara Pelabuhan Handal Tbk's gearing of this year was 0.35372858. PT Nusantara Pelabuhan Handal Tbk's gearing of last year was 0.38851722.
==> 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 Nusantara Pelabuhan Handal Tbk's current ratio of this year was 3.83491036. PT Nusantara Pelabuhan Handal Tbk's current ratio of last year was 2.52707262.
==> 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 Nusantara Pelabuhan Handal Tbk's number of shares in issue this year was 2813.942. PT Nusantara Pelabuhan Handal Tbk's number of shares in issue last year was 2813.942.
==> 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 Nusantara Pelabuhan Handal Tbk's gross margin of this year was 0.30933416. PT Nusantara Pelabuhan Handal Tbk's gross margin of last year was 0.28964743.
==> 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
PT Nusantara Pelabuhan Handal Tbk's asset turnover of this year was 0.5506013. PT Nusantara Pelabuhan Handal Tbk's asset turnover of last year was 0.50477146.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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9
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Nusantara Pelabuhan Handal Tbk has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
PT Nusantara Pelabuhan Handal Tbk (ISX:PORT) has a Piotroski F-Score of 9 as of Aug. 11, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Nusantara Pelabuhan Handal Tbk and its competitors. This is 50% above median its historical median of 6.00. Over the past decade, PT Nusantara Pelabuhan Handal Tbk's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, PT Nusantara Pelabuhan Handal Tbk ranks #1 out of 980 companies in the Transportation industry, placing it in the top 0.099999999999994%.
Is PT Nusantara Pelabuhan Handal Tbk's Piotroski F-Score too high?
PT Nusantara Pelabuhan Handal Tbk's current Piotroski F-Score of 9 is 50% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 9.00. The Transportation industry median Piotroski F-Score is 6.00. PT Nusantara Pelabuhan Handal Tbk's value of 9 is 50% above this industry median. Based on the distribution chart, PT Nusantara Pelabuhan Handal Tbk ranks #1 out of 980 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, PT Nusantara Pelabuhan Handal Tbk has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Nusantara Pelabuhan Handal Tbk's Piotroski F-Score compare to competitors?
According to the Transportation industry distribution chart, PT Nusantara Pelabuhan Handal Tbk ranks #1 out of 980 companies for Piotroski F-Score. This places PT Nusantara Pelabuhan Handal Tbk in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 6.00. PT Nusantara Pelabuhan Handal Tbk's value of 9 is 50% above this benchmark. Historically, PT Nusantara Pelabuhan Handal Tbk's own Piotroski F-Score has ranged from 2.00 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 Nusantara Pelabuhan Handal 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 Transportation company?
The median Piotroski F-Score among Transportation companies is 6.00, based on 980 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 Nusantara Pelabuhan Handal Tbk's current Piotroski F-Score of 9 is 50% 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 Nusantara Pelabuhan Handal Tbk and its competitors. For the Transportation 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 Nusantara Pelabuhan Handal Tbk's current Piotroski F-Score is 9, which is 50% 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 Nusantara Pelabuhan Handal Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Nusantara Pelabuhan Handal Tbk (ISX:PORT) is currently considered Fairly Valued. The stock's GF Value™ is Rp875.86, compared to a current price of Rp860.00 — trading 1.8% below its estimated fair value. The current Piotroski F-Score is 9, which is 50% above median its 10-year median of 6.00 and 50% above the Transportation industry median of 6.00. PT Nusantara Pelabuhan Handal Tbk's overall GF Score™ is 80/100 with 1 warning sign 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 Nusantara Pelabuhan Handal Tbk (ISX:PORT), the current Piotroski F-Score is 9 as of Aug. 11, 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 Nusantara Pelabuhan Handal Tbk (ISX:PORT) Overvalued in 2026?
Based on GuruFocus' analysis, PT Nusantara Pelabuhan Handal Tbk stock appears to be undervalued.
The current stock price of Rp860.00 is trading 1.8% below its estimated GF Value™ of Rp875.86.
GuruFocus considers PT Nusantara Pelabuhan Handal Tbk to be Fairly Valued.
Key valuation signals for ISX:PORT:
Piotroski F-Score: 9 (50% above median its 10-year median of 6.00)
GF Value™: Rp875.86 vs. price of Rp860.00 (1.8% below fair value)
Industry Position: 50% above the Transportation median (#1 of 980)
No single metric tells the full story. See the ISX:PORT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Nusantara Pelabuhan Handal Tbk is an Indonesia-based company that engages in the operation of the cargo container business. It operates through the following business segments: Port Services, and the Others segment. Its services include stevedoring services, Sales Container Handling, Storage Yard Services, Maintenance Services, Rent Vessels, Terminal Operation, and Others. It generates the majority of its revenue from the Port Services segment.
80GF Score
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