The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Warning Sign:
Altman Z-score of 2.98 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
PT Berau Coal Energy Tbk has a Altman Z-Score of 2.98, indicating it is in Grey Zones. This implies that PT Berau Coal Energy Tbk is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for PT Berau Coal Energy Tbk's Altman Z-Score or its related term are showing as below:
FRA:9BC'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.24 Med: 0.78 Max: 2.98
Current: 2.98
During the past 12 years, PT Berau Coal Energy Tbk's highest Altman Z-Score was 2.98. The lowest was -0.24. And the median was 0.78.
PT Berau Coal Energy Tbk (FRA:9BC) Altman Z-Score Explanation
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, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
* 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 Thermal Coal subindustry, PT Berau Coal Energy Tbk's Altman Z-Score, along with its competitors' market caps and Altman Z-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 Berau Coal Energy Tbk Altman Z-Score vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, PT Berau Coal Energy Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Berau Coal Energy Tbk's Altman Z-Score falls into.
PT Berau Coal Energy Tbk Altman Z-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.
* 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 Z-Score when X4 or X5 value is 0.
PT Berau Coal Energy Tbk (FRA:9BC) has a Altman Z-Score of 2.98 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Berau Coal Energy Tbk and its competitors. This is 282% above median its historical median of 0.78.
Is PT Berau Coal Energy Tbk's Altman Z-Score too high?
PT Berau Coal Energy Tbk's current Altman Z-Score of 2.98 is 282% above median its 10-year median of 0.78. The Other Energy Sources industry median Altman Z-Score is 2.18. PT Berau Coal Energy Tbk's value of 2.98 is 36.7% above this industry median.
How does PT Berau Coal Energy Tbk's Altman Z-Score compare to METC and HNRG?
PT Berau Coal Energy Tbk's Altman Z-Score of 2.98 can be compared against companies in the Other Energy Sources industry. The industry median Altman Z-Score is 2.18. PT Berau Coal Energy Tbk's value of 2.98 is 36.7% above this benchmark. While the company's 10-year median is 0.78 vs. the industry median of 2.18, PT Berau Coal Energy 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 Z-Score for an Other Energy Sources company?
The median Altman Z-Score among Other Energy Sources companies is 2.18, based on 129 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PT Berau Coal Energy Tbk's current Altman Z-Score of 2.98 is 36.7% 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Berau Coal Energy Tbk and its competitors. For the Other Energy Sources industry, the median Altman Z-Score is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Berau Coal Energy Tbk's current Altman Z-Score is 2.98, which is 282% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Berau Coal Energy Tbk stock overvalued right now?
PT Berau Coal Energy Tbk (FRA:9BC) has a current Altman Z-Score of 2.98. The current Altman Z-Score is 2.98, which is 282% above median its 10-year median of 0.78 and 36.7% above the Other Energy Sources industry median of 2.18. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For PT Berau Coal Energy Tbk (FRA:9BC), the current Altman Z-Score is 2.98 as of Jul. 01, 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 Berau Coal Energy Tbk functions as a holding company. It is mainly involved in trading, mining, plantation, construction, real estate, agriculture, printing, industry, transportation, and services. The company, through its subsidiary, engaged in coal mining. It has an interest in three open cut mining operations; Lati, Binungan, and Sambarata. The firm supplies coal to customers in Indonesia, China, Hong Kong, India, Japan, South Korea, Taiwan, the Philippines, and Thailand. Its customers are mainly utility companies and coal trading companies.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:9BC has been successfully added to your 