PT Indo Acidatama TbkISX:SRSN -1.43%86 Piotroski F-Score is 8 as of Jun. 27, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates ISX:SRSN with a GF Score™ of 86/100 and a GF Value™ of Rp59.60 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,567 Chemicals companies, PT Indo Acidatama Tbk ranks better than 97.51% 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 Indo Acidatama 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 Indo Acidatama Tbk's Piotroski F-Score or its related term are showing as below:
ISX:SRSN'
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 Indo Acidatama Tbk was 9. The lowest was 3. And the median was 6.
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 Indo Acidatama Tbk Piotroski F-Score Related Terms
PT Indo Acidatama Tbk Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PT Indo Acidatama 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.
For the Chemicals subindustry, PT Indo Acidatama 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 Indo Acidatama Tbk Piotroski F-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, PT Indo Acidatama Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Indo Acidatama 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 15049.415 + 20593.415 + 31976.093 + 28907.392 = Rp96,526 Mil. Cash Flow from Operations was 83920.76 + 46867.59 + 144209.086 + 87749.513 = Rp362,747 Mil. Revenue was 303358.886 + 337286.261 + 303267.386 + 239537.811 = Rp1,183,450 Mil. Gross Profit was 62614.164 + 90758.342 + 95458.956 + 74451.083 = Rp323,283 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(1187272.925 + 1116114.526 + 1157839.314 + 1052410.486 + 1011290.766) / 5 = Rp1104985.6034 Mil. Total Assets at the begining of this year (Mar25) was Rp1,187,273 Mil. Long-Term Debt & Capital Lease Obligation was Rp5,241 Mil. Total Current Assets was Rp598,429 Mil. Total Current Liabilities was Rp146,540 Mil.
Net Income was 12773.036 + -1713.139 + 2848.142 + 9733.215 = Rp23,641 Mil.
Revenue was 271550.92 + 308105.131 + 345937.44 + 312451.513 = Rp1,238,045 Mil. Gross Profit was 53191.117 + 54615.479 + 37072.053 + 63251.575 = Rp208,130 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(913400.773 + 907829.432 + 1191183.161 + 1135428.989 + 1187272.925) / 5 = Rp1067023.056 Mil. Total Assets at the begining of last year (Mar24) was Rp913,401 Mil. Long-Term Debt & Capital Lease Obligation was Rp6,341 Mil. Total Current Assets was Rp784,282 Mil. Total Current Liabilities was Rp415,033 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 Indo Acidatama Tbk's current Net Income (TTM) was 96,526.
==> 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 Indo Acidatama Tbk's current Cash Flow from Operations (TTM) was 362,747.
==> 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 Indo Acidatama Tbk's return on assets of this year was 0.08130086. PT Indo Acidatama Tbk's return on assets of last year was 0.02588267.
==> 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 Indo Acidatama Tbk's gearing of this year was 0.00474273. PT Indo Acidatama Tbk's gearing of last year was 0.00594302.
==> 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 Indo Acidatama Tbk's current ratio of this year was 4.08372606. PT Indo Acidatama Tbk's current ratio of last year was 1.88968634.
==> 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 Indo Acidatama Tbk's number of shares in issue this year was 6020. PT Indo Acidatama Tbk's number of shares in issue last year was 6020.
==> 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 Indo Acidatama Tbk's gross margin of this year was 0.27316951. PT Indo Acidatama Tbk's gross margin of last year was 0.168112.
==> 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 Indo Acidatama Tbk's asset turnover of this year was 0.99678037. PT Indo Acidatama Tbk's asset turnover of last year was 1.35542364.
==> 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 Indo Acidatama Tbk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.
PT Indo Acidatama Tbk (ISX:SRSN) 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 Indo Acidatama Tbk and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, PT Indo Acidatama Tbk's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, PT Indo Acidatama Tbk ranks #39 out of 1567 companies in the Chemicals industry, placing it in the top 2.5%.
Is PT Indo Acidatama Tbk's Piotroski F-Score too high?
PT Indo Acidatama 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 Chemicals industry median Piotroski F-Score is 5.00. PT Indo Acidatama Tbk's value of 8 is 60% above this industry median. Based on the distribution chart, PT Indo Acidatama Tbk ranks #39 out of 1567 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, PT Indo Acidatama Tbk has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Indo Acidatama Tbk's Piotroski F-Score compare to DOW?
According to the Chemicals industry distribution chart, PT Indo Acidatama Tbk ranks #39 out of 1567 companies for Piotroski F-Score. This places PT Indo Acidatama Tbk in the top 3% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. PT Indo Acidatama Tbk's value of 8 is 60% above this benchmark. Historically, PT Indo Acidatama 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 Indo Acidatama 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 Chemicals company?
The median Piotroski F-Score among Chemicals companies is 5.00, based on 1,567 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 Indo Acidatama 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 Indo Acidatama Tbk and its competitors. For the Chemicals 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 Indo Acidatama 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 Indo Acidatama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indo Acidatama Tbk (ISX:SRSN) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp59.60, compared to a current price of Rp69.00 — trading 15.8% above 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 Chemicals industry median of 5.00. PT Indo Acidatama Tbk's overall GF Score™ is 86/100 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 Indo Acidatama Tbk (ISX:SRSN), 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 Indo Acidatama Tbk (ISX:SRSN) Overvalued in 2026?
Based on GuruFocus' analysis, PT Indo Acidatama Tbk stock appears to be overvalued.
The current stock price of Rp69.00 is trading 15.8% above its estimated GF Value™ of Rp59.60.
GuruFocus considers PT Indo Acidatama Tbk to be Modestly Overvalued.
Key valuation signals for ISX:SRSN:
Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
GF Value™: Rp59.60 vs. price of Rp69.00 (15.8% above fair value)
Industry Position: 60% above the Chemicals median (#39 of 1567)
No single metric tells the full story. See the ISX:SRSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Indo Acidatama Tbk is an Indonesian-based company engaged in manufacturing ethanol. The company produces acetic acid, ethyl acetate, bio-organic fertilizers, methylated spirit, and carbonic acid gas. It operates business activity in segments such as Ethanol, Acetic Acid, and Others. The fertilizers of the company are marketed under the brand names Pomi, Randex, Beka, and Alfinas. The company earns the majority of its revenue from the Ethanol segment.
86GF Score
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