PT Surya Pertiwi TbkISX:SPTO 80 Piotroski F-Score is 6 as of Jun. 25, 2026, which is 14% below its 10-year median of 7.00. GuruFocus rates ISX:SPTO with a GF Score™ of 80/100 and a GF Value™ of Rp605.70 (Fairly Valued). The stock has 3 warning signs investors should review. Among 428 Furnishings, Fixtures & Appliances companies, PT Surya Pertiwi Tbk ranks better than 77.8% 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 Surya Pertiwi Tbk has an F-score of 6 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for PT Surya Pertiwi Tbk's Piotroski F-Score or its related term are showing as below:
ISX:SPTO'
s Piotroski F-Score Range Over the Past 10 Years
Min: 4 Med: 7 Max: 9
Current: 6
During the past 11 years, the highest Piotroski F-Score of PT Surya Pertiwi Tbk was 9. The lowest was 4. And the median was 7.
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 Surya Pertiwi Tbk Piotroski F-Score Related Terms
PT Surya Pertiwi Tbk Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PT Surya Pertiwi 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:SPTO vs SN, SGI, MHK: Piotroski F-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, PT Surya Pertiwi 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 Surya Pertiwi Tbk Piotroski F-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, PT Surya Pertiwi Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Surya Pertiwi 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 46958.457 + 64399.395 + 98886.948 + 32341.375 = Rp242,586 Mil. Cash Flow from Operations was 48303.524 + 51614.618 + 30021.023 + 121044.773 = Rp250,984 Mil. Revenue was 611635.284 + 677641.655 + 775377.495 + 628455.519 = Rp2,693,110 Mil. Gross Profit was 182654.927 + 206505.77 + 220607.966 + 174249.876 = Rp784,019 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(3440906.262 + 3438892.267 + 3478579.245 + 3358817.197 + 3318830.743) / 5 = Rp3407205.1428 Mil. Total Assets at the begining of this year (Mar25) was Rp3,440,906 Mil. Long-Term Debt & Capital Lease Obligation was Rp173,186 Mil. Total Current Assets was Rp1,332,050 Mil. Total Current Liabilities was Rp614,678 Mil.
Net Income was 59457.727 + 81070.884 + 90989.556 + 60650.757 = Rp292,169 Mil.
Revenue was 645873.07 + 743342.947 + 806425.639 + 714698.351 = Rp2,910,340 Mil. Gross Profit was 189255.351 + 225778.892 + 223290.534 + 210625.48 = Rp848,950 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(3357127.842 + 3324955.266 + 3469394.961 + 3415593.682 + 3440906.262) / 5 = Rp3401595.6026 Mil. Total Assets at the begining of last year (Mar24) was Rp3,357,128 Mil. Long-Term Debt & Capital Lease Obligation was Rp176,483 Mil. Total Current Assets was Rp1,446,650 Mil. Total Current Liabilities was Rp794,026 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 Surya Pertiwi Tbk's current Net Income (TTM) was 242,586.
==> 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 Surya Pertiwi Tbk's current Cash Flow from Operations (TTM) was 250,984.
==> 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 Surya Pertiwi Tbk's return on assets of this year was 0.07050066. PT Surya Pertiwi Tbk's return on assets of last year was 0.08702943.
==> 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 Surya Pertiwi Tbk's gearing of this year was 0.05082936. PT Surya Pertiwi Tbk's gearing of last year was 0.0518824.
==> 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 Surya Pertiwi Tbk's current ratio of this year was 2.16707141. PT Surya Pertiwi Tbk's current ratio of last year was 1.82191756.
==> 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 Surya Pertiwi Tbk's number of shares in issue this year was 2700. PT Surya Pertiwi Tbk's number of shares in issue last year was 2700.
==> 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 Surya Pertiwi Tbk's gross margin of this year was 0.29112014. PT Surya Pertiwi Tbk's gross margin of last year was 0.2917014.
==> 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 Surya Pertiwi Tbk's asset turnover of this year was 0.78267461. PT Surya Pertiwi Tbk's asset turnover of last year was 0.86691367.
==> 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
+
0
+
1
+
1
+
1
+
1
+
0
+
0
=
6
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Surya Pertiwi Tbk has an F-score of 6 indicating the company's financial situation is typical for a stable company.
PT Surya Pertiwi Tbk (ISX:SPTO) has a Piotroski F-Score of 6 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Surya Pertiwi Tbk and its competitors. This is 14% below median its historical median of 7.00. Over the past decade, PT Surya Pertiwi Tbk's Piotroski F-Score has ranged from 4.00 to 9.00. According to the industry distribution chart, PT Surya Pertiwi Tbk ranks #95 out of 428 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 22.2%.
Is PT Surya Pertiwi Tbk's Piotroski F-Score too high?
PT Surya Pertiwi Tbk's current Piotroski F-Score of 6 is 14% below median its 10-year median of 7.00. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 9.00. The Furnishings, Fixtures & Appliances industry median Piotroski F-Score is 5.00. PT Surya Pertiwi Tbk's value of 6 is 20% above this industry median. Based on the distribution chart, PT Surya Pertiwi Tbk ranks #95 out of 428 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, PT Surya Pertiwi 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 Surya Pertiwi Tbk's Piotroski F-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, PT Surya Pertiwi Tbk ranks #95 out of 428 companies for Piotroski F-Score. This places PT Surya Pertiwi Tbk in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. PT Surya Pertiwi Tbk's value of 6 is 20% above this benchmark. Historically, PT Surya Pertiwi Tbk's own Piotroski F-Score has ranged from 4.00 to 9.00 over the past decade. While the company's 10-year median is 7.00 vs. the industry median of 5.00, PT Surya Pertiwi 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 Furnishings, Fixtures & Appliances company?
The median Piotroski F-Score among Furnishings, Fixtures & Appliances companies is 5.00, based on 428 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 Surya Pertiwi Tbk's current Piotroski F-Score of 6 is 20% 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 Surya Pertiwi Tbk and its competitors. For the Furnishings, Fixtures & Appliances 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 Surya Pertiwi Tbk's current Piotroski F-Score is 6, which is 14% below median its own 10-year median of 7.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Surya Pertiwi Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Surya Pertiwi Tbk (ISX:SPTO) is currently considered Fairly Valued. The stock's GF Value™ is Rp605.70, compared to a current price of Rp555.00 — trading 8.4% below its estimated fair value. The current Piotroski F-Score is 6, which is 14% below median its 10-year median of 7.00 and 20% above the Furnishings, Fixtures & Appliances industry median of 5.00. PT Surya Pertiwi Tbk's overall GF Score™ is 80/100 with 3 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 Surya Pertiwi Tbk (ISX:SPTO), the current Piotroski F-Score is 6 as of Jun. 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 Surya Pertiwi Tbk (ISX:SPTO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Surya Pertiwi Tbk stock appears to be undervalued.
The current stock price of Rp555.00 is trading 8.4% below its estimated GF Value™ of Rp605.70.
GuruFocus considers PT Surya Pertiwi Tbk to be Fairly Valued.
Key valuation signals for ISX:SPTO:
Piotroski F-Score: 6 (14% below median its 10-year median of 7.00)
GF Value™: Rp605.70 vs. price of Rp555.00 (8.4% below fair value)
Industry Position: 20% above the Furnishings, Fixtures & Appliances median (#95 of 428)
No single metric tells the full story. See the ISX:SPTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Surya Pertiwi Tbk mainly engage in porcelain sanitary industry, wood furnitures industry, others furnitures industry, flooring, walling, sanitary and ceiling equipment and self-owned or leased real estate. The company categorizes its operational activities into four segments: sanitary wares, fittings, kitchen products, and other related items. The four segments include Nine brands that are distributed by the Company, namely TOTO, Villeroy & Boch, Geberit, Stiebel Eltron, Franke, Kaldewei, Eco, Jacuzzi, and W.Atelier. Sanitary products, includes sanitary components, accessories and spare parts, among others (but not limited to) closet, urinal, bidet, washbasin as well as household appliances kitchen set, marbelite or synthetic marbles and vanity units, etc.
80GF Score
Get the complete analysis for ISX:SPTO
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ISX:SPTO has been successfully added to your 
