PTTMF (PT Timah Tbk) Piotroski F-Score: 8 (As of Jun. 25, 2026) — 33% Above Median


PTTMF PT Timah Tbk PTTMF
47 GF Score
Price $0.21
GF Value $0.11
Valuation Significantly Overvalued
! 1 Warning Sign
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What is PT Timah Tbk Piotroski F-Score?

PT Timah Tbk PTTMF 47 Piotroski F-Score is 8 as of Jun. 25, 2026, which is 33% above its 10-year median of 6.00. GuruFocus rates PTTMF with a GF Score™ of 47/100 and a GF Value™ of $0.11 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,511 Metals & Mining companies, PT Timah Tbk ranks better than 99% 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 Timah 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 Timah Tbk's Piotroski F-Score or its related term are showing as below:

PTTMF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 8

During the past 13 years, the highest Piotroski F-Score of PT Timah Tbk was 9. The lowest was 2. And the median was 6.

PT Timah Tbk  (OTCPK:PTTMF) 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 Timah Tbk Piotroski F-Score Related Terms


PT Timah Tbk Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for PT Timah 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 Timah Tbk Piotroski F-Score Chart

PT Timah 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 9.00 5.00 4.00 9.00 7.00

PT Timah 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 9.00 9.00 6.00 7.00 8.00

PT Timah Tbk Piotroski F-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, PT Timah 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 Timah Tbk Piotroski F-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PT Timah Tbk's Piotroski F-Score distribution charts can be found below:

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


PTTMF
47GF Score
PT Timah Tbk PTTMF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 11.233 + 18.315 + 42.569 + 88.647 = $160.8 Mil.
Cash Flow from Operations was 12.716 + -51.94 + 81.08 + 115.128 = $157.0 Mil.
Revenue was 130.11 + 144.648 + 295.981 + 322.815 = $893.6 Mil.
Gross Profit was 28.411 + 41.806 + 73.503 + 124.601 = $268.3 Mil.
Average Total Assets from the begining of this year (Mar25)
to the end of this year (Mar26) was
(758.321 + 755.717 + 829.677 + 816.621 + 899.573) / 5 = $811.9818 Mil.
Total Assets at the begining of this year (Mar25) was $758.3 Mil.
Long-Term Debt & Capital Lease Obligation was $30.9 Mil.
Total Current Assets was $490.9 Mil.
Total Current Liabilities was $177.7 Mil.
Net Income was 24.803 + 30.91 + 21.238 + 7.096 = $84.0 Mil.

Revenue was 193.28 + 198.299 + 162.238 + 127.387 = $681.2 Mil.
Gross Profit was 56.273 + 64.253 + 34.284 + 23.222 = $178.0 Mil.
Average Total Assets from the begining of last year (Mar24)
to the end of last year (Mar25) was
(816.479 + 811.652 + 835.256 + 796.982 + 758.321) / 5 = $803.738 Mil.
Total Assets at the begining of last year (Mar24) was $816.5 Mil.
Long-Term Debt & Capital Lease Obligation was $63.2 Mil.
Total Current Assets was $355.2 Mil.
Total Current Liabilities was $148.8 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 Timah Tbk's current Net Income (TTM) was 160.8. ==> 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 Timah Tbk's current Cash Flow from Operations (TTM) was 157.0. ==> 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)
=160.764/758.321
=0.21199993

ROA (Last Year)=Net Income/Total Assets (Mar24)
=84.047/816.479
=0.10293835

PT Timah Tbk's return on assets of this year was 0.21199993. PT Timah Tbk's return on assets of last year was 0.10293835. ==> 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 Timah Tbk's current Net Income (TTM) was 160.8. PT Timah Tbk's current Cash Flow from Operations (TTM) was 157.0. ==> 157.0 <= 160.8 ==> CFROA <= ROA ==> Score 0.

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
=30.888/811.9818
=0.03804026

Gearing (Last Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=63.241/803.738
=0.0786836

PT Timah Tbk's gearing of this year was 0.03804026. PT Timah Tbk's gearing of last year was 0.0786836. ==> 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

Current Ratio (This Year: Mar26)=Total Current Assets/Total Current Liabilities
=490.889/177.7
=2.7624592

Current Ratio (Last Year: Mar25)=Total Current Assets/Total Current Liabilities
=355.23/148.813
=2.38708984

PT Timah Tbk's current ratio of this year was 2.7624592. PT Timah Tbk's current ratio of last year was 2.38708984. ==> 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 Timah Tbk's number of shares in issue this year was 7447.753. PT Timah Tbk's number of shares in issue last year was 7447.753. ==> 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
=268.321/893.554
=0.30028515

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=178.032/681.204
=0.26134902

PT Timah Tbk's gross margin of this year was 0.30028515. PT Timah Tbk's gross margin of last year was 0.26134902. ==> 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)
=893.554/758.321
=1.17833213

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar24)
=681.204/816.479
=0.83431907

PT Timah Tbk's asset turnover of this year was 1.17833213. PT Timah Tbk's asset turnover of last year was 0.83431907. ==> 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+0+1+1+1+1+1
=8

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

PT Timah 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 Timah Tbk (PTTMF) has a Piotroski F-Score of 8 as of Jun. 25, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Timah Tbk and its competitors. This is 33% above median its historical median of 6.00. Over the past decade, PT Timah Tbk's Piotroski F-Score has ranged from 2.00 to 9.00. According to the industry distribution chart, PT Timah Tbk ranks #25 out of 2511 companies in the Metals & Mining industry, placing it in the top 1%.
Is PT Timah Tbk's Piotroski F-Score too high?
PT Timah 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 2.00 to a high of 9.00. The Metals & Mining industry median Piotroski F-Score is 3.00. PT Timah Tbk's value of 8 is 166.7% above this industry median. Based on the distribution chart, PT Timah Tbk ranks #25 out of 2511 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, PT Timah Tbk has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Timah Tbk's Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, PT Timah Tbk ranks #25 out of 2511 companies for Piotroski F-Score. This places PT Timah Tbk in the top 1% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. PT Timah Tbk's value of 8 is 166.7% above this benchmark. Historically, PT Timah Tbk's own Piotroski F-Score has ranged from 2.00 to 9.00 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 3.00, PT Timah 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 Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,511 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 Timah Tbk's current Piotroski F-Score of 8 is 166.7% 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 Timah Tbk and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Timah 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 Timah Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Timah Tbk (PTTMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.11, compared to a current price of $0.21 — trading 88.9% 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 166.7% above the Metals & Mining industry median of 3.00. PT Timah Tbk's overall GF Score™ is 47/100 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 Timah Tbk (PTTMF), the current Piotroski F-Score is 8 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 Timah Tbk (PTTMF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Timah Tbk stock appears to be overvalued. The current stock price of $0.21 is trading 88.9% above its estimated GF Value™ of $0.11. GuruFocus considers PT Timah Tbk to be Significantly Overvalued.

Key valuation signals for PTTMF:

  • Piotroski F-Score: 8 (33% above median its 10-year median of 6.00)
  • GF Value™: $0.11 vs. price of $0.21 (88.9% above fair value)
  • GF Score™: 47/100 with 1 warning sign
  • Industry Position: 166.7% above the Metals & Mining median (#25 of 2511)

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


PT Timah Tbk Business Description

Other Exchanges TINS:IndonesiaTIH1:Germany
Address Jl. Jenderal Sudirman 51, Provinsi Kepulauan Bangka Belitung, Pangkal Pinang, IDN, 33121
PT Timah Tbk is engaged in the mining, manufacturing, and exporting of tin. It operates through the following segments: Tin Mining, Industry, Construction, Coal Mining, and Others. The Tin Mining segment delivers smelting services. The industry segment involves tin mining and smelting services. The Construction segment offers workshop, building, and shipping dockyard services. The Coal Mining segment relates to the operations of PT Truba Bara Banyu Enim and PT Tanjung Alam Jaya, which are involved in coal mining and trading. The Other segment includes PT Timah Karya Persada Properti and PT Rumah Sakit Bakti Timah, which perform property and health services. The majority of the firm's revenue is derived from the Tin mining segment.
47GF Score

Get the complete analysis for PTTMF

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

$0.21
Price
$0.11
GF Value