PT Estee Gold Feet Tbk (ISX:EURO) Altman Z2-Score: 11.96 (As of Aug. 17, 2026) — Near Median

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ISX:EURO PT Estee Gold Feet Tbk ISX:EURO
35 GF Score
Price Rp1,735.00
GF Value Rp172.10
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is PT Estee Gold Feet Tbk Altman Z2-Score?

PT Estee Gold Feet Tbk ISX:EURO +1.46% 35 Altman Z2-Score is 11.96 as of Aug. 17, 2026, which is at its 10-year median of 11.96. GuruFocus rates ISX:EURO with a GF Score™ of 35/100 and a GF Value™ of Rp172.10 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,899 Consumer Packaged Goods companies, PT Estee Gold Feet Tbk ranks better than 92.73% 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 Estee Gold Feet Tbk has a Altman Z2-Score of 11.96, 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 Estee Gold Feet Tbk's Altman Z2-Score or its related term are showing as below:

ISX:EURO' s Altman Z2-Score Range Over the Past 10 Years
Min: 6.86   Med: 11.96   Max: 16.17
Current: 11.96

During the past 5 years, PT Estee Gold Feet Tbk's highest Altman Z2-Score was 16.17. The lowest was 6.86. And the median was 11.96.


PT Estee Gold Feet Tbk  (ISX:EURO) 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.

X4_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


PT Estee Gold Feet Tbk Altman Z2-Score Related Terms


PT Estee Gold Feet Tbk Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for PT Estee Gold Feet 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.

PT Estee Gold Feet Tbk Altman Z2-Score Chart

PT Estee Gold Feet Tbk Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
6.86 11.70 16.17 13.71 11.96

PT Estee Gold Feet Tbk Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 13.71 0.00 11.96 0.00

ISX:EURO vs PG, CL, KVUE: Altman Z2-Score Comparison

For the Household & Personal Products subindustry, PT Estee Gold Feet 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 Estee Gold Feet Tbk Altman Z2-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Estee Gold Feet Tbk's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where PT Estee Gold Feet Tbk's Altman Z2-Score falls into.


ISX:EURO
35GF Score
PT Estee Gold Feet Tbk ISX:EURO
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Estee Gold Feet Tbk Altman Z2-Score Calculation

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.

PT Estee Gold Feet 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*0.3889+3.26*0.0374+6.72*0.053+1.05*8.5036
=11.96

* 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.

Trailing Twelve Months (TTM) ended in Dec. 2025:
Total Assets was Rp59,234 Mil.
Total Current Assets was Rp25,902 Mil.
Total Current Liabilities was Rp2,867 Mil.
Retained Earnings was Rp2,213 Mil.
Pre-Tax Income was Rp3,142 Mil.
Interest Expense was Rp0 Mil.
Total Liabilities was Rp6,233 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(25902.058 - 2866.878)/59233.564
=0.3889

X2=Retained Earnings/Total Assets
=2212.958/59233.564
=0.0374

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(3141.557 - 0)/59233.564
=0.053

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(53000.668 - 0)/6232.698
=8.5036

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

PT Estee Gold Feet Tbk has a Altman Z2-Score of 11.96 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 11.96 mean?
PT Estee Gold Feet Tbk (ISX:EURO) has a Altman Z2-Score of 11.96 as of Aug. 17, 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 Estee Gold Feet Tbk and its competitors. This is near median its historical median of 11.96. Over the past decade, PT Estee Gold Feet Tbk's Altman Z2-Score has ranged from 6.86 to 16.17. According to the industry distribution chart, PT Estee Gold Feet Tbk ranks #138 out of 1899 companies in the Consumer Packaged Goods industry, placing it in the top 7.3%.
Is PT Estee Gold Feet Tbk's Altman Z2-Score too high?
PT Estee Gold Feet Tbk's current Altman Z2-Score of 11.96 is near median its 10-year median of 11.96. Over the past 10 years, this metric has ranged from a low of 6.86 to a high of 16.17. The Consumer Packaged Goods industry median Altman Z2-Score is 3.72. PT Estee Gold Feet Tbk's value of 11.96 is 221.5% above this industry median. Based on the distribution chart, PT Estee Gold Feet Tbk ranks #138 out of 1899 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PT Estee Gold Feet Tbk has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Estee Gold Feet Tbk's Altman Z2-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, PT Estee Gold Feet Tbk ranks #138 out of 1899 companies for Altman Z2-Score. This places PT Estee Gold Feet Tbk in the top 7% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.72. PT Estee Gold Feet Tbk's value of 11.96 is 221.5% above this benchmark. Historically, PT Estee Gold Feet Tbk's own Altman Z2-Score has ranged from 6.86 to 16.17 over the past decade. While the company's 10-year median is 11.96 vs. the industry median of 3.72, PT Estee Gold Feet 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 Consumer Packaged Goods company?
The median Altman Z2-Score among Consumer Packaged Goods companies is 3.72, based on 1,899 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 Estee Gold Feet Tbk's current Altman Z2-Score of 11.96 is 221.5% 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 Estee Gold Feet Tbk and its competitors. For the Consumer Packaged Goods industry, the median Altman Z2-Score is 3.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Estee Gold Feet Tbk's current Altman Z2-Score is 11.96, which is near median its own 10-year median of 11.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Estee Gold Feet Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Estee Gold Feet Tbk (ISX:EURO) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp172.10, compared to a current price of Rp1,735.00 — trading 908.1% above its estimated fair value. The current Altman Z2-Score is 11.96, which is near median its 10-year median of 11.96 and 221.5% above the Consumer Packaged Goods industry median of 3.72. PT Estee Gold Feet Tbk's overall GF Score™ is 35/100 with 3 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 Estee Gold Feet Tbk (ISX:EURO), the current Altman Z2-Score is 11.96 as of Aug. 17, 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 Estee Gold Feet Tbk (ISX:EURO) Overvalued in 2026?

Based on GuruFocus' analysis, PT Estee Gold Feet Tbk stock appears to be overvalued. The current stock price of Rp1,735.00 is trading 908.1% above its estimated GF Value™ of Rp172.10. GuruFocus considers PT Estee Gold Feet Tbk to be Significantly Overvalued.

Key valuation signals for ISX:EURO:

  • Altman Z2-Score: 11.96 (near median its 10-year median of 11.96)
  • GF Value™: Rp172.10 vs. price of Rp1,735.00 (908.1% above fair value)
  • GF Score™: 35/100 with 3 warning signs
  • Industry Position: 221.5% above the Consumer Packaged Goods median (#138 of 1899)

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


PT Estee Gold Feet Tbk Business Description

Address Jalan Kapuk II No.2, RT.1/RW.3, Kapuk Muara, Penjaringan, North Jakarta, Jakarta, IDN, 14460
PT Estee Gold Feet Tbk is engaged in the cosmetics industry for humans, including toothpaste, soap and cleaning materials. Additionally, it also provides maklon (production contract) services for Aerosol preparations and liquids for cosmetic products, PKRT (Household Health Supplies) products and auto chemical products. The company's revenue is derived from manufacturing services related to aerosol gas injection.
35GF Score

Get the complete analysis for ISX:EURO

Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp1,735.00
Price
Rp172.10
GF Value