PT Alkindo Naratama TbkISX:ALDO +2.21%71 Altman Z-Score is 2.64 as of Jun. 30, 2026, which is 9% below its 10-year median of 2.89. GuruFocus rates ISX:ALDO with a GF Score™ of 71/100 and a GF Value™ of Rp589.08 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 282 Forest Products companies, PT Alkindo Naratama Tbk ranks better than 69.15% 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 2.66 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 Alkindo Naratama Tbk has a Altman Z-Score of 2.64, indicating it is in Grey Zones. This implies that PT Alkindo Naratama 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 Alkindo Naratama Tbk's Altman Z-Score or its related term are showing as below:
ISX:ALDO'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.66 Med: 2.89 Max: 4.27
Current: 2.66
During the past 13 years, PT Alkindo Naratama Tbk's highest Altman Z-Score was 4.27. The lowest was 1.66. And the median was 2.89.
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 Paper & Paper Products subindustry, PT Alkindo Naratama 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 Alkindo Naratama Tbk Altman Z-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, PT Alkindo Naratama Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Alkindo Naratama Tbk's Altman Z-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.
* 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 Alkindo Naratama Tbk (ISX:ALDO) has a Altman Z-Score of 2.64 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Alkindo Naratama Tbk and its competitors. This is near median its historical median of 2.89. Over the past decade, PT Alkindo Naratama Tbk's Altman Z-Score has ranged from 1.66 to 4.27. According to the industry distribution chart, PT Alkindo Naratama Tbk ranks #87 out of 282 companies in the Forest Products industry, placing it in the top 30.9%.
Is PT Alkindo Naratama Tbk's Altman Z-Score too high?
PT Alkindo Naratama Tbk's current Altman Z-Score of 2.64 is near median its 10-year median of 2.89. Over the past 10 years, this metric has ranged from a low of 1.66 to a high of 4.27. The Forest Products industry median Altman Z-Score is 1.83. PT Alkindo Naratama Tbk's value of 2.64 is 44.3% above this industry median. Based on the distribution chart, PT Alkindo Naratama Tbk ranks #87 out of 282 companies in the Forest Products industry, which is above the industry midpoint. Overall, PT Alkindo Naratama Tbk has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Alkindo Naratama Tbk's Altman Z-Score compare to SLVM?
According to the Forest Products industry distribution chart, PT Alkindo Naratama Tbk ranks #87 out of 282 companies for Altman Z-Score. This puts PT Alkindo Naratama Tbk in the upper half of its industry. The industry median Altman Z-Score is 1.83. PT Alkindo Naratama Tbk's value of 2.64 is 44.3% above this benchmark. Historically, PT Alkindo Naratama Tbk's own Altman Z-Score has ranged from 1.66 to 4.27 over the past decade. While the company's 10-year median is 2.89 vs. the industry median of 1.83, PT Alkindo Naratama 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 Forest Products company?
The median Altman Z-Score among Forest Products companies is 1.83, based on 282 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 Alkindo Naratama Tbk's current Altman Z-Score of 2.64 is 44.3% 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 Alkindo Naratama Tbk and its competitors. For the Forest Products industry, the median Altman Z-Score is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Alkindo Naratama Tbk's current Altman Z-Score is 2.64, which is near median its own 10-year median of 2.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Alkindo Naratama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Alkindo Naratama Tbk (ISX:ALDO) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp589.08, compared to a current price of Rp695.00 — trading 18% above its estimated fair value. The current Altman Z-Score is 2.64, which is near median its 10-year median of 2.89 and 44.3% above the Forest Products industry median of 1.83. PT Alkindo Naratama Tbk's overall GF Score™ is 71/100 with 7 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 Alkindo Naratama Tbk (ISX:ALDO), the current Altman Z-Score is 2.64 as of Jun. 30, 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 Alkindo Naratama Tbk (ISX:ALDO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Alkindo Naratama Tbk stock appears to be overvalued.
The current stock price of Rp695.00 is trading 18% above its estimated GF Value™ of Rp589.08.
GuruFocus considers PT Alkindo Naratama Tbk to be Modestly Overvalued.
Key valuation signals for ISX:ALDO:
Altman Z-Score: 2.64 (near median its 10-year median of 2.89)
GF Value™: Rp589.08 vs. price of Rp695.00 (18% above fair value)
Industry Position: 44.3% above the Forest Products median (#87 of 282)
No single metric tells the full story. See the ISX:ALDO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Alkindo Naratama Tbk is an Indonesian business group engaged in providing solutions in the field of integrated paper production and chemicals. It converts waste paper into various paper packaging products such as papercore, paperbox, paperbag, papercup, paperbowl, hexa wrap, etc. Additionally, it offers industrial paper solutions by recycling used cardboard into jumbo rolls of brown paper into products such as Kraft Liner, Eco Board, and Core Board. In the Chemicals business, the Group offers water-based polymers, textile dyes, and other chemicals under brands and trademarks like Alfachem, Alfabond, Alfacoat, and Archroma. The Group's operating business segments are: Paper, which generates the maximum revenue, and Chemicals and others.
71GF Score
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