PT Delta Djakarta TbkISX:DLTA 68 Altman Z2-Score is 8.79 as of Jul. 05, 2026, which is 30% below its 10-year median of 12.47. GuruFocus rates ISX:DLTA with a GF Score™ of 68/100 and a GF Value™ of Rp2,373.97 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 210 Beverages - Alcoholic companies, PT Delta Djakarta Tbk ranks better than 83.33% 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.
Good Sign:
PT Delta Djakarta Tbk has a Altman Z2-Score of 8.79, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.
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 PT Delta Djakarta Tbk's Altman Z2-Score or its related term are showing as below:
ISX:DLTA'
s Altman Z2-Score Range Over the Past 10 Years
Min: 8.69 Med: 12.47 Max: 18.02
Current: 8.79
During the past 13 years, PT Delta Djakarta Tbk's highest Altman Z2-Score was 18.02. The lowest was 8.69. And the median was 12.47.
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.
PT Delta Djakarta Tbk Altman Z2-Score Related Terms
PT Delta Djakarta Tbk Altman Z2-Score Historical Data
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The historical data trend for PT Delta Djakarta 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.
ISX:DLTA vs BUD, STZ, TAP: Altman Z2-Score Comparison
For the Beverages - Brewers subindustry, PT Delta Djakarta 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.
PT Delta Djakarta Tbk Altman Z2-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, PT Delta Djakarta Tbk's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where PT Delta Djakarta 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.
* 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.
PT Delta Djakarta Tbk (ISX:DLTA) has a Altman Z2-Score of 8.79 as of Jul. 05, 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 PT Delta Djakarta Tbk and its competitors. This is 30% below median its historical median of 12.47. Over the past decade, PT Delta Djakarta Tbk's Altman Z2-Score has ranged from 8.69 to 18.02. According to the industry distribution chart, PT Delta Djakarta Tbk ranks #35 out of 210 companies in the Beverages - Alcoholic industry, placing it in the top 16.7%.
Is PT Delta Djakarta Tbk's Altman Z2-Score too high?
PT Delta Djakarta Tbk's current Altman Z2-Score of 8.79 is 30% below median its 10-year median of 12.47. Over the past 10 years, this metric has ranged from a low of 8.69 to a high of 18.02. The Beverages - Alcoholic industry median Altman Z2-Score is 3.83. PT Delta Djakarta Tbk's value of 8.79 is 129.8% above this industry median. Based on the distribution chart, PT Delta Djakarta Tbk ranks #35 out of 210 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, PT Delta Djakarta Tbk has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Delta Djakarta Tbk's Altman Z2-Score compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, PT Delta Djakarta Tbk ranks #35 out of 210 companies for Altman Z2-Score. This places PT Delta Djakarta Tbk in the top 17% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.83. PT Delta Djakarta Tbk's value of 8.79 is 129.8% above this benchmark. Historically, PT Delta Djakarta Tbk's own Altman Z2-Score has ranged from 8.69 to 18.02 over the past decade. While the company's 10-year median is 12.47 vs. the industry median of 3.83, PT Delta Djakarta 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 Altman Z2-Score for a Beverages - Alcoholic company?
The median Altman Z2-Score among Beverages - Alcoholic companies is 3.83, based on 210 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. PT Delta Djakarta Tbk's current Altman Z2-Score of 8.79 is 129.8% 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 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 PT Delta Djakarta Tbk and its competitors. For the Beverages - Alcoholic industry, the median Altman Z2-Score is 3.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Delta Djakarta Tbk's current Altman Z2-Score is 8.79, which is 30% below median its own 10-year median of 12.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Delta Djakarta Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Delta Djakarta Tbk (ISX:DLTA) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp2,373.97, compared to a current price of Rp1,905.00 — trading 19.8% below its estimated fair value. The current Altman Z2-Score is 8.79, which is 30% below median its 10-year median of 12.47 and 129.8% above the Beverages - Alcoholic industry median of 3.83. PT Delta Djakarta Tbk's overall GF Score™ is 68/100 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 PT Delta Djakarta Tbk (ISX:DLTA), the current Altman Z2-Score is 8.79 as of Jul. 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 Delta Djakarta Tbk (ISX:DLTA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Delta Djakarta Tbk stock appears to be undervalued.
The current stock price of Rp1,905.00 is trading 19.8% below its estimated GF Value™ of Rp2,373.97.
GuruFocus considers PT Delta Djakarta Tbk to be Modestly Undervalued.
Key valuation signals for ISX:DLTA:
Altman Z2-Score: 8.79 (30% below median its 10-year median of 12.47)
GF Value™: Rp2,373.97 vs. price of Rp1,905.00 (19.8% below fair value)
Industry Position: 129.8% above the Beverages - Alcoholic median (#35 of 210)
No single metric tells the full story. See the ISX:DLTA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Delta Djakarta Tbk is a malt-based beverage company in Indonesia. It manufactures and distributes its products under the brand Anker Beer, Anker Lychee, Anker Stout, Carlsberg, Kuda Putih, San Mig Light, San Miguel Pale Pilsen, and San Miguel Cerveza Negra. The company's only business segment is the Beverage Business segment. Geographically, it operates only in Indonesia.
68GF Score
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