PT MNC Asia Holding Tbk (ISX:BHIT) Altman Z-Score: 0.47 (As of Jul. 14, 2026) — 19% Below Median

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ISX:BHIT PT MNC Asia Holding Tbk ISX:BHIT
66 GF Score
Price Rp25.00
GF Value Rp37.29
Valuation Possible Value Trap
! 5 Warning Signs
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What is PT MNC Asia Holding Tbk Altman Z-Score?

PT MNC Asia Holding Tbk ISX:BHIT -3.85% 66 Altman Z-Score is 0.47 as of Jul. 14, 2026, which is 19% below its 10-year median of 0.58. GuruFocus rates ISX:BHIT with a GF Score™ of 66/100 and a GF Value™ of Rp37.29 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,009 Media - Diversified companies, PT MNC Asia Holding Tbk ranks worse than 76.21% 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 0.47 is in distress zone. This implies bankruptcy possibility in the next two years.

PT MNC Asia Holding Tbk has a Altman Z-Score of 0.47, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 MNC Asia Holding Tbk's Altman Z-Score or its related term are showing as below:

ISX:BHIT' s Altman Z-Score Range Over the Past 10 Years
Min: 0.43   Med: 0.58   Max: 0.86
Current: 0.47

During the past 13 years, PT MNC Asia Holding Tbk's highest Altman Z-Score was 0.86. The lowest was 0.43. And the median was 0.58.


PT MNC Asia Holding Tbk  (ISX:BHIT) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


PT MNC Asia Holding Tbk Altman Z-Score Related Terms


PT MNC Asia Holding Tbk Altman Z-Score Historical Data

* Premium members only.

The historical data trend for PT MNC Asia Holding Tbk's Altman Z-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 MNC Asia Holding Tbk Altman Z-Score Chart

PT MNC Asia Holding Tbk Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.58 0.69 0.68 0.57 0.50

PT MNC Asia Holding Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.46 0.48 0.51 0.50 0.48

ISX:BHIT vs NFLX, DIS, WBD: Altman Z-Score Comparison

For the Entertainment subindustry, PT MNC Asia Holding 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 MNC Asia Holding Tbk Altman Z-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, PT MNC Asia Holding Tbk's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where PT MNC Asia Holding Tbk's Altman Z-Score falls into.


ISX:BHIT
66GF Score
PT MNC Asia Holding Tbk ISX:BHIT
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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PT MNC Asia Holding 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.

PT MNC Asia Holding Tbk's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.0456+1.4*0.0501+3.3*0.036+0.6*0.0598+1.0*0.1859
=0.47

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was Rp76,125,747 Mil.
Total Current Assets was Rp30,520,452 Mil.
Total Current Liabilities was Rp27,050,531 Mil.
Retained Earnings was Rp3,814,491 Mil.
Pre-Tax Income was 394698 + 852577 + 71481 + 304926 = Rp1,623,682 Mil.
Interest Expense was -277365 + -264826 + -293495 + -277527 = Rp-1,113,213 Mil.
Revenue was 3733701 + 3223338 + 3656479 + 3537294 = Rp14,150,812 Mil.
Market Cap (Today) was Rp2,088,569 Mil.
Total Liabilities was Rp34,932,649 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
=(30520452 - 27050531)/76125747
=0.0456

X2=Retained Earnings/Total Assets
=3814491/76125747
=0.0501

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1623682 - -1113213)/76125747
=0.036

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2088568.544/34932649
=0.0598

X5=Revenue/Total Assets
=14150812/76125747
=0.1859

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

PT MNC Asia Holding Tbk has a Altman Z-Score of 0.47 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 0.47 mean?
PT MNC Asia Holding Tbk (ISX:BHIT) has a Altman Z-Score of 0.47 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT MNC Asia Holding Tbk and its competitors. This is 19% below median its historical median of 0.58. Over the past decade, PT MNC Asia Holding Tbk's Altman Z-Score has ranged from 0.43 to 0.86. According to the industry distribution chart, PT MNC Asia Holding Tbk ranks #769 out of 1009 companies in the Media - Diversified industry, placing it in the top 76.2%.
Is PT MNC Asia Holding Tbk's Altman Z-Score too high?
PT MNC Asia Holding Tbk's current Altman Z-Score of 0.47 is 19% below median its 10-year median of 0.58. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 0.86. The Media - Diversified industry median Altman Z-Score is 1.99. PT MNC Asia Holding Tbk's value of 0.47 is 76.4% below this industry median. Based on the distribution chart, PT MNC Asia Holding Tbk ranks #769 out of 1009 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, PT MNC Asia Holding Tbk has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT MNC Asia Holding Tbk's Altman Z-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, PT MNC Asia Holding Tbk ranks #769 out of 1009 companies for Altman Z-Score. This places PT MNC Asia Holding Tbk in the lower half of its industry. The industry median Altman Z-Score is 1.99. PT MNC Asia Holding Tbk's value of 0.47 is 76.4% below this benchmark. Historically, PT MNC Asia Holding Tbk's own Altman Z-Score has ranged from 0.43 to 0.86 over the past decade. While the company's 10-year median is 0.58 vs. the industry median of 1.99, PT MNC Asia Holding Tbk has consistently been below 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 Media - Diversified company?
The median Altman Z-Score among Media - Diversified companies is 1.99, based on 1,009 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 MNC Asia Holding Tbk's current Altman Z-Score of 0.47 is 76.4% below 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 MNC Asia Holding Tbk and its competitors. For the Media - Diversified industry, the median Altman Z-Score is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT MNC Asia Holding Tbk's current Altman Z-Score is 0.47, which is 19% below median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT MNC Asia Holding Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT MNC Asia Holding Tbk (ISX:BHIT) is currently considered Possible Value Trap. The stock's GF Value™ is Rp37.29, compared to a current price of Rp25.00 — trading 33% below its estimated fair value. The current Altman Z-Score is 0.47, which is 19% below median its 10-year median of 0.58 and 76.4% below the Media - Diversified industry median of 1.99. PT MNC Asia Holding Tbk's overall GF Score™ is 66/100 with 5 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 MNC Asia Holding Tbk (ISX:BHIT), the current Altman Z-Score is 0.47 as of Jul. 14, 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 MNC Asia Holding Tbk (ISX:BHIT) Overvalued in 2026?

Based on GuruFocus' analysis, PT MNC Asia Holding Tbk stock appears to be undervalued. The current stock price of Rp25.00 is trading 33% below its estimated GF Value™ of Rp37.29. GuruFocus considers PT MNC Asia Holding Tbk to be Possible Value Trap.

Key valuation signals for ISX:BHIT:

  • Altman Z-Score: 0.47 (19% below median its 10-year median of 0.58)
  • GF Value™: Rp37.29 vs. price of Rp25.00 (33% below fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 76.4% below the Media - Diversified median (#769 of 1009)

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


PT MNC Asia Holding Tbk Business Description

Address Jalan Kebon Sirih Timur Kav. 21-27, MNC Bank Tower, MNC Center, 21st Floor, RT.15/RW.7, Kota Jakarta Pusat, Gambir, Kec. Menteng, Daerah Khusus Ibukota Jakarta, Jakarta, IDN, 10340
PT MNC Asia Holding Tbk is an integrated investment group with a strategic portfolio across the media and entertainment, financial services, and tourism and hospitality sectors. The Group's operating segments are: Financing and securities, Bank financial institution, Advertising and content, Pay TV and Broadband, Mining, and Others. The majority of its revenue is derived from the Advertising and content segment, which represents income generated from the Group's advertising and content-based media businesses, including direct-to-home pay TV services, operation of media networks, content production and distribution, and offering digital and OTT streaming services, among other related business activities.
66GF Score

Get the complete analysis for ISX:BHIT

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

Rp25.00
Price
Rp37.29
GF Value