PTmator Indo Gas TbkISX:AGII +0.81%58 Altman Z2-Score is 2.36 as of Jul. 02, 2026, which is 27% above its 10-year median of 1.86. GuruFocus rates ISX:AGII with a GF Score™ of 58/100 and a GF Value™ of Rp1,757.94 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,591 Chemicals companies, PTmator Indo Gas Tbk ranks worse than 69.64% on this metric.
Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
PTmator Indo Gas Tbk has a Altman Z2-Score of 2.36, indicating it is in Grey Zones. This implies that PTmator Indo Gas Tbk is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The historical rank and industry rank for PTmator Indo Gas Tbk's Altman Z2-Score or its related term are showing as below:
ISX:AGII'
s Altman Z2-Score Range Over the Past 10 Years
Min: 1.06 Med: 1.86 Max: 2.54
Current: 2.36
During the past 12 years, PTmator Indo Gas Tbk's highest Altman Z2-Score was 2.54. The lowest was 1.06. And the median was 1.86.
PTmator Indo Gas Tbk (ISX:AGII) Altman Z2-Score Explanation
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
Altman Z2-Score does not apply to financial companies.
PTmator Indo Gas Tbk Altman Z2-Score Related Terms
PTmator Indo Gas Tbk Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for PTmator Indo Gas Tbk's Altman Z2-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.
For the Chemicals subindustry, PTmator Indo Gas Tbk's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.
PTmator Indo Gas Tbk Altman Z2-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, PTmator Indo Gas Tbk's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where PTmator Indo Gas Tbk's Altman Z2-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
PTmator Indo Gas Tbk's Altman Z2-Score for today is calculated with this formula:
Z
=
6.56
*
X1
+
3.26
*
X2
+
6.72
*
X3
+
1.05
*
X4_2
=
6.56
*
0.1204
+
3.26
*
0.1065
+
6.72
*
0.0533
+
1.05
*
0.8281
=
2.36
* 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. GuruFocus does not calculate Altman Z2-Score when X4_2 value is 0.
PTmator Indo Gas Tbk (ISX:AGII) has a Altman Z2-Score of 2.36 as of Jul. 02, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on PTmator Indo Gas Tbk and its competitors. This is 27% above median its historical median of 1.86. Over the past decade, PTmator Indo Gas Tbk's Altman Z2-Score has ranged from 1.06 to 2.54. According to the industry distribution chart, PTmator Indo Gas Tbk ranks #1108 out of 1591 companies in the Chemicals industry, placing it in the top 69.6%.
Is PTmator Indo Gas Tbk's Altman Z2-Score too high?
PTmator Indo Gas Tbk's current Altman Z2-Score of 2.36 is 27% above median its 10-year median of 1.86. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 2.54. The Chemicals industry median Altman Z2-Score is 3.94. PTmator Indo Gas Tbk's value of 2.36 is 40.1% below this industry median. Based on the distribution chart, PTmator Indo Gas Tbk ranks #1108 out of 1591 companies in the Chemicals industry, which is below the industry midpoint. Overall, PTmator Indo Gas Tbk has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PTmator Indo Gas Tbk's Altman Z2-Score compare to DOW?
According to the Chemicals industry distribution chart, PTmator Indo Gas Tbk ranks #1108 out of 1591 companies for Altman Z2-Score. This places PTmator Indo Gas Tbk in the lower half of its industry. The industry median Altman Z2-Score is 3.94. PTmator Indo Gas Tbk's value of 2.36 is 40.1% below this benchmark. Historically, PTmator Indo Gas Tbk's own Altman Z2-Score has ranged from 1.06 to 2.54 over the past decade. While the company's 10-year median is 1.86 vs. the industry median of 3.94, PTmator Indo Gas 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 Altman Z2-Score for a Chemicals company?
The median Altman Z2-Score among Chemicals companies is 3.94, based on 1,591 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PTmator Indo Gas Tbk's current Altman Z2-Score of 2.36 is 40.1% 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 Altman Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on PTmator Indo Gas Tbk and its competitors. For the Chemicals industry, the median Altman Z2-Score is 3.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PTmator Indo Gas Tbk's current Altman Z2-Score is 2.36, which is 27% above median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PTmator Indo Gas Tbk stock overvalued right now?
Based on GuruFocus' analysis, PTmator Indo Gas Tbk (ISX:AGII) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp1,757.94, compared to a current price of Rp2,500.00 — trading 42.2% above its estimated fair value. The current Altman Z2-Score is 2.36, which is 27% above median its 10-year median of 1.86 and 40.1% below the Chemicals industry median of 3.94. PTmator Indo Gas Tbk's overall GF Score™ is 58/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For PTmator Indo Gas Tbk (ISX:AGII), the current Altman Z2-Score is 2.36 as of Jul. 02, 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 PTmator Indo Gas Tbk (ISX:AGII) Overvalued in 2026?
Based on GuruFocus' analysis, PTmator Indo Gas Tbk stock appears to be overvalued.
The current stock price of Rp2,500.00 is trading 42.2% above its estimated GF Value™ of Rp1,757.94.
GuruFocus considers PTmator Indo Gas Tbk to be Significantly Overvalued.
Key valuation signals for ISX:AGII:
Altman Z2-Score: 2.36 (27% above median its 10-year median of 1.86)
GF Value™: Rp1,757.94 vs. price of Rp2,500.00 (42.2% above fair value)
Industry Position: 40.1% below the Chemicals median (#1108 of 1591)
No single metric tells the full story. See the ISX:AGII stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Samator Indo Gas Tbk is an industrial gas company. It is engaged in producing, marketing, and selling a wide range of liquid and solid gas products for industries and its supporting products. Its products include industrial gases including air gases such as oxygen, nitrogen, argon, acetylene, carbon dioxide, hydrogen, nitrous oxide, synthetic air, and mixed gas. It is also involved in industrial gas equipment trading and providing industrial gas installation services. The company's operating segments include Gas products; and Equipment and service. It generates maximum revenue from the Gas products segment.
58GF Score
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