PT BFI Finance Indonesia TbkFRA:PR2 +2.45%85 Altman Z-Score is 2.24 as of Jun. 24, 2026, which is 13% below its 10-year median of 2.56. GuruFocus rates FRA:PR2 with a GF Score™ of 85/100 and a GF Value™ of €0.04 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 408 Credit Services companies, PT BFI Finance Indonesia Tbk ranks better than 63.24% on this metric.
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 2.23 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 BFI Finance Indonesia Tbk has a Altman Z-Score of 2.24, indicating it is in Grey Zones. This implies that PT BFI Finance Indonesia 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 BFI Finance Indonesia Tbk's Altman Z-Score or its related term are showing as below:
FRA:PR2'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.21 Med: 2.56 Max: 3.55
Current: 2.23
During the past 13 years, PT BFI Finance Indonesia Tbk's highest Altman Z-Score was 3.55. The lowest was 1.21. And the median was 2.56.
PT BFI Finance Indonesia Tbk (FRA:PR2) 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 Credit Services subindustry, PT BFI Finance Indonesia 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 BFI Finance Indonesia Tbk Altman Z-Score vs Credit Services Industry
For the Credit Services industry and Financial Services sector, PT BFI Finance Indonesia Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT BFI Finance Indonesia Tbk's Altman Z-Score falls into.
PT BFI Finance Indonesia 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 BFI Finance Indonesia Tbk (FRA:PR2) has a Altman Z-Score of 2.24 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT BFI Finance Indonesia Tbk and its competitors. This is 13% below median its historical median of 2.56. Over the past decade, PT BFI Finance Indonesia Tbk's Altman Z-Score has ranged from 1.21 to 3.55. According to the industry distribution chart, PT BFI Finance Indonesia Tbk ranks #150 out of 408 companies in the Credit Services industry, placing it in the top 36.8%.
Is PT BFI Finance Indonesia Tbk's Altman Z-Score too high?
PT BFI Finance Indonesia Tbk's current Altman Z-Score of 2.24 is 13% below median its 10-year median of 2.56. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 3.55. The Credit Services industry median Altman Z-Score is 1.74. PT BFI Finance Indonesia Tbk's value of 2.24 is 29.1% above this industry median. Based on the distribution chart, PT BFI Finance Indonesia Tbk ranks #150 out of 408 companies in the Credit Services industry, which is above the industry midpoint. Overall, PT BFI Finance Indonesia Tbk has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT BFI Finance Indonesia Tbk's Altman Z-Score compare to V and MA?
According to the Credit Services industry distribution chart, PT BFI Finance Indonesia Tbk ranks #150 out of 408 companies for Altman Z-Score. This puts PT BFI Finance Indonesia Tbk in the upper half of its industry. The industry median Altman Z-Score is 1.74. PT BFI Finance Indonesia Tbk's value of 2.24 is 29.1% above this benchmark. Historically, PT BFI Finance Indonesia Tbk's own Altman Z-Score has ranged from 1.21 to 3.55 over the past decade. While the company's 10-year median is 2.56 vs. the industry median of 1.74, PT BFI Finance Indonesia 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 a Credit Services company?
The median Altman Z-Score among Credit Services companies is 1.74, based on 408 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 BFI Finance Indonesia Tbk's current Altman Z-Score of 2.24 is 29.1% 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 BFI Finance Indonesia Tbk and its competitors. For the Credit Services industry, the median Altman Z-Score is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT BFI Finance Indonesia Tbk's current Altman Z-Score is 2.24, which is 13% below median its own 10-year median of 2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT BFI Finance Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT BFI Finance Indonesia Tbk (FRA:PR2) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.04, compared to a current price of €0.03 — trading 26.8% below its estimated fair value. The current Altman Z-Score is 2.24, which is 13% below median its 10-year median of 2.56 and 29.1% above the Credit Services industry median of 1.74. PT BFI Finance Indonesia Tbk's overall GF Score™ is 85/100 with 2 warning signs to review. 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 BFI Finance Indonesia Tbk (FRA:PR2), the current Altman Z-Score is 2.24 as of Jun. 24, 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 BFI Finance Indonesia Tbk (FRA:PR2) Overvalued in 2026?
Based on GuruFocus' analysis, PT BFI Finance Indonesia Tbk stock appears to be undervalued.
The current stock price of €0.03 is trading 26.8% below its estimated GF Value™ of €0.04.
GuruFocus considers PT BFI Finance Indonesia Tbk to be Modestly Undervalued.
Key valuation signals for FRA:PR2:
Altman Z-Score: 2.24 (13% below median its 10-year median of 2.56)
GF Value™: €0.04 vs. price of €0.03 (26.8% below fair value)
Industry Position: 29.1% above the Credit Services median (#150 of 408)
No single metric tells the full story. See the FRA:PR2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT BFI Finance Indonesia Tbk is a multifinance company based in Indonesia. It offers Sharia financing solutions, such as umrah capital financing, financing for buying a used car, and other multipurpose Sharia-compliant credit products. Additionally, the company offers financial leasing solutions to individual and corporate customers who purchase or engage in the sale and leaseback of heavy equipment, machinery, motor vehicles, and other equipment. It also offers consumer financing for new and used cars purchased via dealers and secured financing for used cars, used motorcycles, and real estate. The company's operating segments are: Cars, Motorcycles, and Others. Maximum revenue is generated from the Cars segment, which includes income derived from car financing solutions.
85GF Score
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