PT Multi Hanna Kreasindo TbkISX:MHKI -0.83%13 Altman Z2-Score is 26.38 as of Jul. 13, 2026, which is 6% above its 10-year median of 24.93. GuruFocus rates ISX:MHKI with a GF Score™ of 13/100. The stock has 3 warning signs investors should review. Among 245 Waste Management companies, PT Multi Hanna Kreasindo Tbk ranks better than 98.78% 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 Multi Hanna Kreasindo Tbk has a Altman Z2-Score of 26.38, 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 Multi Hanna Kreasindo Tbk's Altman Z2-Score or its related term are showing as below:
ISX:MHKI'
s Altman Z2-Score Range Over the Past 10 Years
Min: 14.22 Med: 24.93 Max: 30.28
Current: 26.38
During the past 3 years, PT Multi Hanna Kreasindo Tbk's highest Altman Z2-Score was 30.28. The lowest was 14.22. And the median was 24.93.
PT Multi Hanna Kreasindo Tbk (ISX:MHKI) 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.
* 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 Multi Hanna Kreasindo Tbk Altman Z2-Score Chart
ISX:MHKI vs WM, RSG, WCN: Altman Z2-Score Comparison
For the Waste Management subindustry, PT Multi Hanna Kreasindo 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 Multi Hanna Kreasindo Tbk Altman Z2-Score vs Waste Management Industry
For the Waste Management industry and Industrials sector, PT Multi Hanna Kreasindo Tbk's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where PT Multi Hanna Kreasindo Tbk's Altman Z2-Score falls into.
PT Multi Hanna Kreasindo 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.
* 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 Multi Hanna Kreasindo Tbk (ISX:MHKI) has a Altman Z2-Score of 26.38 as of Jul. 13, 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 Multi Hanna Kreasindo Tbk and its competitors. This is near median its historical median of 24.93. Over the past decade, PT Multi Hanna Kreasindo Tbk's Altman Z2-Score has ranged from 14.22 to 30.28. According to the industry distribution chart, PT Multi Hanna Kreasindo Tbk ranks #3 out of 245 companies in the Waste Management industry, placing it in the top 1.2%.
Is PT Multi Hanna Kreasindo Tbk's Altman Z2-Score too high?
PT Multi Hanna Kreasindo Tbk's current Altman Z2-Score of 26.38 is near median its 10-year median of 24.93. Over the past 10 years, this metric has ranged from a low of 14.22 to a high of 30.28. The Waste Management industry median Altman Z2-Score is 2.15. PT Multi Hanna Kreasindo Tbk's value of 26.38 is 1127% above this industry median. Based on the distribution chart, PT Multi Hanna Kreasindo Tbk ranks #3 out of 245 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, PT Multi Hanna Kreasindo Tbk has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does PT Multi Hanna Kreasindo Tbk's Altman Z2-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, PT Multi Hanna Kreasindo Tbk ranks #3 out of 245 companies for Altman Z2-Score. This places PT Multi Hanna Kreasindo Tbk in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.15. PT Multi Hanna Kreasindo Tbk's value of 26.38 is 1127% above this benchmark. Historically, PT Multi Hanna Kreasindo Tbk's own Altman Z2-Score has ranged from 14.22 to 30.28 over the past decade. While the company's 10-year median is 24.93 vs. the industry median of 2.15, PT Multi Hanna Kreasindo 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 Waste Management company?
The median Altman Z2-Score among Waste Management companies is 2.15, based on 245 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 Multi Hanna Kreasindo Tbk's current Altman Z2-Score of 26.38 is 1127% 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 Multi Hanna Kreasindo Tbk and its competitors. For the Waste Management industry, the median Altman Z2-Score is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Multi Hanna Kreasindo Tbk's current Altman Z2-Score is 26.38, which is near median its own 10-year median of 24.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multi Hanna Kreasindo Tbk stock overvalued right now?
PT Multi Hanna Kreasindo Tbk (ISX:MHKI) has a current Altman Z2-Score of 26.38. The current Altman Z2-Score is 26.38, which is near median its 10-year median of 24.93 and 1127% above the Waste Management industry median of 2.15. PT Multi Hanna Kreasindo Tbk's overall GF Score™ is 13/100 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 Multi Hanna Kreasindo Tbk (ISX:MHKI), the current Altman Z2-Score is 26.38 as of Jul. 13, 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 Multi Hanna Kreasindo Tbki conduct business in the fields of treatment and disposal of hazardous waste, railway freight forwarding and land transportation, wholesale trade, nonferrous metal and steel foundries, laboratory testing services, transportation, hazardous waste collection, other activities, professional, scientific and technical. The company has segment Services and Goods Sales. The company generates majority of revenue from Services segment activities include integrated waste transportation, processing and utilisation services with a emphasis on environmental sustainability. It offers a One Package Service as its Unique selling proposition (USP), encompassing transportation, collection, processing, and utilization of both hazardous (B3) and non-hazardous waste.
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