PT Mandom Indonesia TbkISX:TCID -2.84%74 Piotroski F-Score is 9 as of Jun. 27, 2026, which is 50% above its 10-year median of 6.00. GuruFocus rates ISX:TCID with a GF Score™ of 74/100 and a GF Value™ of Rp2,841.73 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,911 Consumer Packaged Goods companies, PT Mandom Indonesia Tbk ranks better than 99.95% on this metric.
Good Sign:
Piotroski F-Score is 9, 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 Mandom Indonesia Tbk has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for PT Mandom Indonesia Tbk's Piotroski F-Score or its related term are showing as below:
ISX:TCID'
s Piotroski F-Score Range Over the Past 10 Years
Min: 3 Med: 6 Max: 9
Current: 9
During the past 13 years, the highest Piotroski F-Score of PT Mandom Indonesia Tbk was 9. The lowest was 3. And the median was 6.
PT Mandom Indonesia Tbk (ISX:TCID) 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 Mandom Indonesia Tbk Piotroski F-Score Related Terms
PT Mandom Indonesia Tbk Piotroski F-Score Historical Data
* Premium members only.
The historical data trend for PT Mandom Indonesia 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:TCID vs PG, CL, KVUE: Piotroski F-Score Comparison
For the Household & Personal Products subindustry, PT Mandom Indonesia 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 Mandom Indonesia Tbk Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Mandom Indonesia Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Mandom Indonesia 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 18214.435 + -15071.287 + -18074.198 + 26175.831 = Rp11,245 Mil. Cash Flow from Operations was 59366.296 + -75197.926 + 57645.895 + 105823.684 = Rp147,638 Mil. Revenue was 521034.484 + 509088.723 + 565183.854 + 513657.911 = Rp2,108,965 Mil. Gross Profit was 146038.265 + 133525.137 + 115415.928 + 145511.258 = Rp540,491 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2289036.657 + 2359340.313 + 2336267.749 + 2320789.605 + 2290482.417) / 5 = Rp2319183.3482 Mil. Total Assets at the begining of this year (Mar25) was Rp2,289,037 Mil. Long-Term Debt & Capital Lease Obligation was Rp4,615 Mil. Total Current Assets was Rp1,613,921 Mil. Total Current Liabilities was Rp245,973 Mil.
Net Income was -21553.631 + -45164.516 + -37902.082 + 30230.935 = Rp-74,389 Mil.
Revenue was 448102.252 + 490865.418 + 514784.854 + 551246.383 = Rp2,004,999 Mil. Gross Profit was 62446.836 + 35381.362 + 87674.399 + 156826.64 = Rp342,329 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2346010.57 + 2327496.169 + 2388527.451 + 2337888.866 + 2289036.657) / 5 = Rp2337791.9426 Mil. Total Assets at the begining of last year (Mar24) was Rp2,346,011 Mil. Long-Term Debt & Capital Lease Obligation was Rp9,071 Mil. Total Current Assets was Rp1,573,724 Mil. Total Current Liabilities was Rp277,410 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 Mandom Indonesia Tbk's current Net Income (TTM) was 11,245.
==> 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 Mandom Indonesia Tbk's current Cash Flow from Operations (TTM) was 147,638.
==> 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 Mandom Indonesia Tbk's return on assets of this year was 0.00491245. PT Mandom Indonesia Tbk's return on assets of last year was -0.03170885.
==> 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 Mandom Indonesia Tbk's gearing of this year was 0.00198995. PT Mandom Indonesia Tbk's gearing of last year was 0.00387995.
==> 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 Mandom Indonesia Tbk's current ratio of this year was 6.56138057. PT Mandom Indonesia Tbk's current ratio of last year was 5.67290778.
==> 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 Mandom Indonesia Tbk's number of shares in issue this year was 402.133. PT Mandom Indonesia Tbk's number of shares in issue last year was 402.133.
==> 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 Mandom Indonesia Tbk's gross margin of this year was 0.25628239. PT Mandom Indonesia Tbk's gross margin of last year was 0.17073787.
==> 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 Mandom Indonesia Tbk's asset turnover of this year was 0.92133298. PT Mandom Indonesia Tbk's asset turnover of last year was 0.85464189.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Mandom Indonesia Tbk has an F-score of 9. It is a good or high score, which usually indicates a very healthy situation.
PT Mandom Indonesia Tbk (ISX:TCID) has a Piotroski F-Score of 9 as of Jun. 27, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Mandom Indonesia Tbk and its competitors. This is 50% above median its historical median of 6.00. Over the past decade, PT Mandom Indonesia Tbk's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, PT Mandom Indonesia Tbk ranks #1 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 0.099999999999994%.
Is PT Mandom Indonesia Tbk's Piotroski F-Score too high?
PT Mandom Indonesia 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 3.00 to a high of 9.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. PT Mandom Indonesia Tbk's value of 9 is 80% above this industry median. Based on the distribution chart, PT Mandom Indonesia Tbk ranks #1 out of 1911 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PT Mandom Indonesia Tbk has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Mandom Indonesia Tbk's Piotroski F-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, PT Mandom Indonesia Tbk ranks #1 out of 1911 companies for Piotroski F-Score. This places PT Mandom Indonesia Tbk in the top 0% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. PT Mandom Indonesia Tbk's value of 9 is 80% above this benchmark. Historically, PT Mandom Indonesia 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 Mandom Indonesia 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 Mandom Indonesia Tbk's current Piotroski F-Score of 9 is 80% 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 Mandom Indonesia 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 Mandom Indonesia 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 Mandom Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Mandom Indonesia Tbk (ISX:TCID) is currently considered Fairly Valued. The stock's GF Value™ is Rp2,841.73, compared to a current price of Rp2,740.00 — trading 3.6% 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 80% above the Consumer Packaged Goods industry median of 5.00. PT Mandom Indonesia Tbk's overall GF Score™ is 74/100 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 Mandom Indonesia Tbk (ISX:TCID), the current Piotroski F-Score is 9 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 Mandom Indonesia Tbk (ISX:TCID) Overvalued in 2026?
Based on GuruFocus' analysis, PT Mandom Indonesia Tbk stock appears to be undervalued.
The current stock price of Rp2,740.00 is trading 3.6% below its estimated GF Value™ of Rp2,841.73.
GuruFocus considers PT Mandom Indonesia Tbk to be Fairly Valued.
Key valuation signals for ISX:TCID:
Piotroski F-Score: 9 (50% above median its 10-year median of 6.00)
GF Value™: Rp2,841.73 vs. price of Rp2,740.00 (3.6% below fair value)
Industry Position: 80% above the Consumer Packaged Goods median (#1 of 1911)
No single metric tells the full story. See the ISX:TCID stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Mandom Indonesia Tbk is an Indonesia-based company. It is engaged in the manufacture of cosmetics products. It operates through single segment namely Cosmetics. It markets its product under the brand GATSBY, PUCELLE, and LOVILLEA. Additionally, it also produces other products under the brand Tancho, Mandom, Lovillea, Miratone, and others. The company exports its goods both domestic and international markets including the United Arab Emirates, Malaysia, Japan, Thailand, Philippines, India, Singapore, Korea, Vietnam, China, Hongkong, and Taiwan.
74GF Score
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