JPFAF (PT Japfa Comfeed Indonesia Tbk) Piotroski F-Score: 8 (As of Jun. 26, 2026) — 33% Above Median


JPFAF PT Japfa Comfeed Indonesia Tbk JPFAF
52 GF Score
Price $0.18
GF Value $0.10
Valuation Significantly Overvalued
! 1 Warning Sign
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What is PT Japfa Comfeed Indonesia Tbk Piotroski F-Score?

PT Japfa Comfeed Indonesia Tbk JPFAF 52 Piotroski F-Score is 8 as of Jun. 26, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates JPFAF with a GF Score™ of 52/100 and a GF Value™ of $0.10 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,911 Consumer Packaged Goods companies, PT Japfa Comfeed Indonesia Tbk ranks better than 97.7% 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 Japfa Comfeed Indonesia 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 Japfa Comfeed Indonesia Tbk's Piotroski F-Score or its related term are showing as below:

JPFAF' 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 Japfa Comfeed Indonesia Tbk was 9. The lowest was 3. And the median was 6.

PT Japfa Comfeed Indonesia Tbk  (OTCPK:JPFAF) 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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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 Japfa Comfeed Indonesia Tbk Piotroski F-Score Related Terms


PT Japfa Comfeed Indonesia Tbk Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for PT Japfa Comfeed 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.

PT Japfa Comfeed Indonesia Tbk Piotroski F-Score Chart

PT Japfa Comfeed Indonesia Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 4.00 4.00 9.00 8.00

PT Japfa Comfeed Indonesia Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 7.00 8.00 8.00 8.00

JPFAF vs ADM, BG, TSN: Piotroski F-Score Comparison

For the Farm Products subindustry, PT Japfa Comfeed 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 Japfa Comfeed Indonesia Tbk Piotroski F-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Japfa Comfeed Indonesia Tbk's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where PT Japfa Comfeed Indonesia Tbk's Piotroski F-Score falls into.


JPFAF
52GF Score
PT Japfa Comfeed Indonesia Tbk JPFAF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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How is the Piotroski F-Score calculated?

* 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 34.082 + 71.186 + 95.324 + 107.293 = $308 Mil.
Cash Flow from Operations was 5.448 + 74.015 + 167.982 + 131.302 = $379 Mil.
Revenue was 806.255 + 946.366 + 1054.126 + 1046.348 = $3,853 Mil.
Gross Profit was 158.399 + 208.2 + 267.933 + 266.993 = $902 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(2158.801 + 2230.309 + 2259.654 + 2397.804 + 2323.408) / 5 = $2273.9952 Mil.
Total Assets at the begining of this year (Mar25) was $2,159 Mil.
Long-Term Debt & Capital Lease Obligation was $275 Mil.
Total Current Assets was $1,182 Mil.
Total Current Liabilities was $662 Mil.
Net Income was 49.891 + 40.184 + 57.557 + 41.316 = $189 Mil.

Revenue was 840.611 + 888.327 + 905.53 + 870.273 = $3,505 Mil.
Gross Profit was 176.557 + 168.596 + 204.192 + 163.617 = $713 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(2276.886 + 2211.864 + 2315.716 + 2161.803 + 2158.801) / 5 = $2225.014 Mil.
Total Assets at the begining of last year (Mar24) was $2,277 Mil.
Long-Term Debt & Capital Lease Obligation was $104 Mil.
Total Current Assets was $1,089 Mil.
Total Current Liabilities was $920 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 Japfa Comfeed Indonesia Tbk's current Net Income (TTM) was 308. ==> 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 Japfa Comfeed Indonesia Tbk's current Cash Flow from Operations (TTM) was 379. ==> 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.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar25)
=307.885/2158.801
=0.14261852

ROA (Last Year)=Net Income/Total Assets (Mar24)
=188.948/2276.886
=0.08298527

PT Japfa Comfeed Indonesia Tbk's return on assets of this year was 0.14261852. PT Japfa Comfeed Indonesia Tbk's return on assets of last year was 0.08298527. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

PT Japfa Comfeed Indonesia Tbk's current Net Income (TTM) was 308. PT Japfa Comfeed Indonesia Tbk's current Cash Flow from Operations (TTM) was 379. ==> 379 > 308 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar26)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar25 to Mar26
=274.889/2273.9952
=0.12088372

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=104.023/2225.014
=0.04675162

PT Japfa Comfeed Indonesia Tbk's gearing of this year was 0.12088372. PT Japfa Comfeed Indonesia Tbk's gearing of last year was 0.04675162. ==> Last year is lower than this year ==> Score 0.

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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=1182.017/661.5
=1.78687377

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=1088.836/919.882
=1.18366921

PT Japfa Comfeed Indonesia Tbk's current ratio of this year was 1.78687377. PT Japfa Comfeed Indonesia Tbk's current ratio of last year was 1.18366921. ==> 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 Japfa Comfeed Indonesia Tbk's number of shares in issue this year was 11627.67. PT Japfa Comfeed Indonesia Tbk's number of shares in issue last year was 11627.67. ==> 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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=901.525/3853.095
=0.23397425

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=712.962/3504.741
=0.20342787

PT Japfa Comfeed Indonesia Tbk's gross margin of this year was 0.23397425. PT Japfa Comfeed Indonesia Tbk's gross margin of last year was 0.20342787. ==> 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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar25)
=3853.095/2158.801
=1.78483102

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=3504.741/2276.886
=1.53926942

PT Japfa Comfeed Indonesia Tbk's asset turnover of this year was 1.78483102. PT Japfa Comfeed Indonesia Tbk's asset turnover of last year was 1.53926942. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+1+1+1+1
=8

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

PT Japfa Comfeed Indonesia Tbk has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 8 mean?
PT Japfa Comfeed Indonesia Tbk (JPFAF) has a Piotroski F-Score of 8 as of Jun. 26, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Japfa Comfeed Indonesia Tbk and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, PT Japfa Comfeed Indonesia Tbk's Piotroski F-Score has ranged from 3.00 to 9.00. According to the industry distribution chart, PT Japfa Comfeed Indonesia Tbk ranks #44 out of 1911 companies in the Consumer Packaged Goods industry, placing it in the top 2.3%.
Is PT Japfa Comfeed Indonesia Tbk's Piotroski F-Score too high?
PT Japfa Comfeed Indonesia 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 Consumer Packaged Goods industry median Piotroski F-Score is 5.00. PT Japfa Comfeed Indonesia Tbk's value of 8 is 60% above this industry median. Based on the distribution chart, PT Japfa Comfeed Indonesia Tbk ranks #44 out of 1911 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PT Japfa Comfeed Indonesia Tbk has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Japfa Comfeed Indonesia Tbk's Piotroski F-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, PT Japfa Comfeed Indonesia Tbk ranks #44 out of 1911 companies for Piotroski F-Score. This places PT Japfa Comfeed Indonesia Tbk in the top 2% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 5.00. PT Japfa Comfeed Indonesia Tbk's value of 8 is 60% above this benchmark. Historically, PT Japfa Comfeed 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 Japfa Comfeed 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 Japfa Comfeed Indonesia 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 Japfa Comfeed 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 Japfa Comfeed Indonesia 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 Japfa Comfeed Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Japfa Comfeed Indonesia Tbk (JPFAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.10, compared to a current price of $0.18 — trading 84.6% 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 Consumer Packaged Goods industry median of 5.00. PT Japfa Comfeed Indonesia Tbk's overall GF Score™ is 52/100 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 Japfa Comfeed Indonesia Tbk (JPFAF), the current Piotroski F-Score is 8 as of Jun. 26, 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 Japfa Comfeed Indonesia Tbk (JPFAF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Japfa Comfeed Indonesia Tbk stock appears to be overvalued. The current stock price of $0.18 is trading 84.6% above its estimated GF Value™ of $0.10. GuruFocus considers PT Japfa Comfeed Indonesia Tbk to be Significantly Overvalued.

Key valuation signals for JPFAF:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: $0.10 vs. price of $0.18 (84.6% above fair value)
  • GF Score™: 52/100 with 1 warning sign
  • Industry Position: 60% above the Consumer Packaged Goods median (#44 of 1911)

No single metric tells the full story. See the JPFAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Japfa Comfeed Indonesia Tbk Business Description

Other Exchanges JPFA:Indonesia
Address Jalan M.T. Haryono Kav. 16, Wisma Millenia, 7th Floor, Jakarta, IDN, 12810
PT Japfa Comfeed Indonesia Tbk is a farm products company that predominantly produces animal feed. The company's business segments are: Animal feed, Poultry breeding, Commercial farm, Poultry processing and Consumer Products, Aquaculture, Trading, and Others. The company's activities include production and marketing of animal feed products, breeding poultry, running broiler farms and chicken slaughtering, processing and selling chicken meat, shrimp and freshwater fish breeding, beef cattle breeding and meat production, and provision of animal vaccine units, freight business units, among others. A vast majority of the company's revenue is generated by the Animal feed segment.
52GF Score

Get the complete analysis for JPFAF

Piotroski F-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.18
Price
$0.10
GF Value