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PT Cerestar Indonesia TbkISX:TRGU -2.84%42 Piotroski F-Score is 7 as of Sep. 05, 2026, which is 40% above its 10-year median of 5.00. GuruFocus rates ISX:TRGU with a GF Score™ of 42/100 and a GF Value™ of Rp173.28 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,929 Consumer Packaged Goods companies, PT Cerestar Indonesia Tbk ranks better than 89.32% on this metric.
Good Sign:
Piotroski F-Score is 7, 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 Cerestar Indonesia Tbk has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
The historical rank and industry rank for PT Cerestar Indonesia Tbk's Piotroski F-Score or its related term are showing as below:
ISX:TRGU'
s Piotroski F-Score Range Over the Past 10 Years
Min: 2 Med: 5 Max: 7
Current: 7
During the past 6 years, the highest Piotroski F-Score of PT Cerestar Indonesia Tbk was 7. The lowest was 2. And the median was 5.
PT Cerestar Indonesia Tbk (ISX:TRGU) 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 Cerestar Indonesia Tbk Piotroski F-Score Related Terms
PT Cerestar Indonesia 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.
ISX:TRGU vs KHC, GIS: Piotroski F-Score Comparison
For the Packaged Foods subindustry, PT Cerestar 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 Cerestar Indonesia Tbk Piotroski F-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Cerestar Indonesia Tbk's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where PT Cerestar 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 (Jun26) TTM:
Last Year (Jun25) TTM:
Net Income was 35290.081 + -8777.85 + -4304.38 + 19788.751 = Rp41,997 Mil. Cash Flow from Operations was 267199.299 + -316515.459 + -31169.625 + -49395.79 = Rp-129,882 Mil. Revenue was 1093702.073 + 1086530.258 + 857412.906 + 902526.146 = Rp3,940,171 Mil. Gross Profit was 87128.075 + 31728.512 + 50840.527 + 73240.366 = Rp242,937 Mil.
Average Total Assets from the begining of this year (Jun25)
to the end of this year (Jun26) was
(3220573.347 + 3789003.466 + 3289827.868 + 3585741.527 + 3456806.955) / 5 = Rp3468390.6326 Mil. Total Assets at the begining of this year (Jun25) was Rp3,220,573 Mil. Long-Term Debt & Capital Lease Obligation was Rp308,207 Mil. Total Current Assets was Rp2,133,805 Mil. Total Current Liabilities was Rp2,153,058 Mil.
Net Income was 10133.731 + -52616.701 + -26591.113 + 11404.872 = Rp-57,669 Mil.
Revenue was 1263268.837 + 1062239.938 + 823814.134 + 808510.723 = Rp3,957,834 Mil. Gross Profit was 81905.689 + -8636.905 + 39360.793 + 71063.026 = Rp183,693 Mil.
Average Total Assets from the begining of last year (Jun24)
to the end of last year (Jun25) was
(3594299.117 + 3160700.379 + 3329874.931 + 3339099.352 + 3220573.347) / 5 = Rp3328909.4252 Mil. Total Assets at the begining of last year (Jun24) was Rp3,594,299 Mil. Long-Term Debt & Capital Lease Obligation was Rp313,674 Mil. Total Current Assets was Rp1,820,001 Mil. Total Current Liabilities was Rp1,958,376 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 Cerestar Indonesia Tbk's current Net Income (TTM) was 41,997.
==> 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 Cerestar Indonesia Tbk's current Cash Flow from Operations (TTM) was -129,882.
==> Negative ==> Score 0.
Question 3. Change in Return on Assets
Compare this year's return on assets (1) to last year's return on assets.
PT Cerestar Indonesia Tbk's return on assets of this year was 0.0130401. PT Cerestar Indonesia Tbk's return on assets of last year was -0.01604463.
==> 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 Cerestar Indonesia Tbk's gearing of this year was 0.08886171. PT Cerestar Indonesia Tbk's gearing of last year was 0.09422731.
==> 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 Cerestar Indonesia Tbk's current ratio of this year was 0.99105771. PT Cerestar Indonesia Tbk's current ratio of last year was 0.92934222.
==> 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 Cerestar Indonesia Tbk's number of shares in issue this year was 7945.413. PT Cerestar Indonesia Tbk's number of shares in issue last year was 7945.413.
==> 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 Cerestar Indonesia Tbk's gross margin of this year was 0.06165658. PT Cerestar Indonesia Tbk's gross margin of last year was 0.04641241.
==> 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 Cerestar Indonesia Tbk's asset turnover of this year was 1.22343787. PT Cerestar Indonesia Tbk's asset turnover of last year was 1.10114198.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
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7
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Cerestar Indonesia Tbk has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
PT Cerestar Indonesia Tbk (ISX:TRGU) has a Piotroski F-Score of 7 as of Sep. 05, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Cerestar Indonesia Tbk and its competitors. This is 40% above median its historical median of 5.00. Over the past decade, PT Cerestar Indonesia Tbk's Piotroski F-Score has ranged from 2.00 to 7.00. According to the industry distribution chart, PT Cerestar Indonesia Tbk ranks #206 out of 1929 companies in the Consumer Packaged Goods industry, placing it in the top 10.7%.
Is PT Cerestar Indonesia Tbk's Piotroski F-Score too high?
PT Cerestar Indonesia Tbk's current Piotroski F-Score of 7 is 40% above median its 10-year median of 5.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 7.00. The Consumer Packaged Goods industry median Piotroski F-Score is 5.00. PT Cerestar Indonesia Tbk's value of 7 is 40% above this industry median. Based on the distribution chart, PT Cerestar Indonesia Tbk ranks #206 out of 1929 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PT Cerestar Indonesia Tbk has a GF Score™ of 42/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Cerestar Indonesia Tbk's Piotroski F-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, PT Cerestar Indonesia Tbk ranks #206 out of 1929 companies for Piotroski F-Score. This places PT Cerestar Indonesia Tbk in the top 11% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. PT Cerestar Indonesia Tbk's value of 7 is 40% above this benchmark. Historically, PT Cerestar Indonesia Tbk's own Piotroski F-Score has ranged from 2.00 to 7.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, PT Cerestar 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 1,929 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 Cerestar Indonesia Tbk's current Piotroski F-Score of 7 is 40% 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 Cerestar 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 Cerestar Indonesia Tbk's current Piotroski F-Score is 7, which is 40% above 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 Cerestar Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Cerestar Indonesia Tbk (ISX:TRGU) is currently considered Fairly Valued. The stock's GF Value™ is Rp173.28, compared to a current price of Rp171.00 — trading 1.3% below its estimated fair value. The current Piotroski F-Score is 7, which is 40% above median its 10-year median of 5.00 and 40% above the Consumer Packaged Goods industry median of 5.00. PT Cerestar Indonesia Tbk's overall GF Score™ is 42/100 with 5 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 Cerestar Indonesia Tbk (ISX:TRGU), the current Piotroski F-Score is 7 as of Sep. 05, 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 Cerestar Indonesia Tbk (ISX:TRGU) Overvalued in 2026?
Based on GuruFocus' analysis, PT Cerestar Indonesia Tbk stock appears to be undervalued.
The current stock price of Rp171.00 is trading 1.3% below its estimated GF Value™ of Rp173.28.
GuruFocus considers PT Cerestar Indonesia Tbk to be Fairly Valued.
Key valuation signals for ISX:TRGU:
Piotroski F-Score: 7 (40% above median its 10-year median of 5.00)
GF Value™: Rp173.28 vs. price of Rp171.00 (1.3% below fair value)
Industry Position: 40% above the Consumer Packaged Goods median (#206 of 1929)
No single metric tells the full story. See the ISX:TRGU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Cerestar Indonesia Tbk is engaged in the flour industry and cereal/grain trading through subsidiaries and management consulting services. The Group reports segments based on operating divisions by main product produced in the form of wheat flour and animal feed, as well as flour and grain processing, and others.
42GF Score
Get the complete analysis for ISX:TRGU
Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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