PT Astrindo Nusantara Infrastruktur TbkSTU:J9B 67 Piotroski F-Score is 2 as of Jun. 29, 2026, which is 60% below its 10-year median of 5.00. GuruFocus rates STU:J9B with a GF Score™ of 67/100. The stock has 6 warning signs investors should review. Among 1,729 Construction companies, PT Astrindo Nusantara Infrastruktur Tbk ranks worse than 92.94% on this metric.
Warning Sign:
Piotroski F-Score of 2 is low, which usually implies poor business operation.
The zones of discrimination were as such:
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
PT Astrindo Nusantara Infrastruktur Tbk has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
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 Astrindo Nusantara Infrastruktur Tbk Piotroski F-Score Related Terms
PT Astrindo Nusantara Infrastruktur 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.
For the Infrastructure Operations subindustry, PT Astrindo Nusantara Infrastruktur 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 Astrindo Nusantara Infrastruktur Tbk Piotroski F-Score vs Construction Industry
* 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.
*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 Astrindo Nusantara Infrastruktur Tbk's current Net Income (TTM) was -2.4.
==> Negative ==> Score 0.
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 Astrindo Nusantara Infrastruktur Tbk's current Cash Flow from Operations (TTM) was -44.9.
==> 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 Astrindo Nusantara Infrastruktur Tbk's return on assets of this year was -0.00151434. PT Astrindo Nusantara Infrastruktur Tbk's return on assets of last year was 0.00367797.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
PT Astrindo Nusantara Infrastruktur Tbk's gearing of this year was 0.30825233. PT Astrindo Nusantara Infrastruktur Tbk's gearing of last year was 0.28053109.
==> 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
PT Astrindo Nusantara Infrastruktur Tbk's current ratio of this year was 1.29303356. PT Astrindo Nusantara Infrastruktur Tbk's current ratio of last year was 1.04126673.
==> 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 Astrindo Nusantara Infrastruktur Tbk's number of shares in issue this year was 63710.197. PT Astrindo Nusantara Infrastruktur Tbk's number of shares in issue last year was 63710.197.
==> 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 Astrindo Nusantara Infrastruktur Tbk's gross margin of this year was 0.16193069. PT Astrindo Nusantara Infrastruktur Tbk's gross margin of last year was 0.22751785.
==> Last year's gross margin is higher ==> Score 0.
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 Astrindo Nusantara Infrastruktur Tbk's asset turnover of this year was 0.11573305. PT Astrindo Nusantara Infrastruktur Tbk's asset turnover of last year was 0.29229441.
==> 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 Astrindo Nusantara Infrastruktur Tbk has an F-score of 2. It is a bad or low score, which usually implies poor business operation.
PT Astrindo Nusantara Infrastruktur Tbk (STU:J9B) has a Piotroski F-Score of 2 as of Jun. 29, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on PT Astrindo Nusantara Infrastruktur Tbk and its competitors. This is 60% below median its historical median of 5.00. Over the past decade, PT Astrindo Nusantara Infrastruktur Tbk's Piotroski F-Score has ranged from 2.00 to 8.00. According to the industry distribution chart, PT Astrindo Nusantara Infrastruktur Tbk ranks #1607 out of 1729 companies in the Construction industry, placing it in the top 92.9%.
Is PT Astrindo Nusantara Infrastruktur Tbk's Piotroski F-Score too high?
PT Astrindo Nusantara Infrastruktur Tbk's current Piotroski F-Score of 2 is 60% below 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 8.00. The Construction industry median Piotroski F-Score is 5.00. PT Astrindo Nusantara Infrastruktur Tbk's value of 2 is 60% below this industry median. Based on the distribution chart, PT Astrindo Nusantara Infrastruktur Tbk ranks #1607 out of 1729 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, PT Astrindo Nusantara Infrastruktur Tbk has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does PT Astrindo Nusantara Infrastruktur Tbk's Piotroski F-Score compare to competitors?
According to the Construction industry distribution chart, PT Astrindo Nusantara Infrastruktur Tbk ranks #1607 out of 1729 companies for Piotroski F-Score. This places PT Astrindo Nusantara Infrastruktur Tbk in the lower half of its industry. The industry median Piotroski F-Score is 5.00. PT Astrindo Nusantara Infrastruktur Tbk's value of 2 is 60% below this benchmark. Historically, PT Astrindo Nusantara Infrastruktur Tbk's own Piotroski F-Score has ranged from 2.00 to 8.00 over the past decade. While the company's 10-year median is 5.00 vs. the industry median of 5.00, PT Astrindo Nusantara Infrastruktur Tbk has consistently been below 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 Construction company?
The median Piotroski F-Score among Construction companies is 5.00, based on 1,729 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 Astrindo Nusantara Infrastruktur Tbk's current Piotroski F-Score of 2 is 60% below 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 Astrindo Nusantara Infrastruktur Tbk and its competitors. For the Construction 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 Astrindo Nusantara Infrastruktur Tbk's current Piotroski F-Score is 2, which is 60% below 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 Astrindo Nusantara Infrastruktur Tbk stock overvalued right now?
PT Astrindo Nusantara Infrastruktur Tbk (STU:J9B) has a current Piotroski F-Score of 2. The current Piotroski F-Score is 2, which is 60% below median its 10-year median of 5.00 and 60% below the Construction industry median of 5.00. PT Astrindo Nusantara Infrastruktur Tbk's overall GF Score™ is 67/100 with 6 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 Astrindo Nusantara Infrastruktur Tbk (STU:J9B), the current Piotroski F-Score is 2 as of Jun. 29, 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.
PT Astrindo Nusantara Infrastruktur Tbk Business Description
PT Astrindo Nusantara Infrastruktur Tbk is an Indonesia-based integrated infrastructure company engaged in energy and natural resources. The Company runs business activities in the development of coal network infrastructure projects, including Coal crusher, Coal Preparation Plant (CPP), and Overland Conveyor (OLC), as well as produces integrated coal distribution services. It also produces coal mining products. Its business segments are; Port services, Mining Coal Services, and Other services. It generates maximum revenue from the Mining Coal Services segment.
67GF Score
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