PT Apollo Global Interactive Tbk (ISX:BOGA) Altman Z-Score: 11.48 (As of Jul. 03, 2026) — Near Median


ISX:BOGA PT Apollo Global Interactive Tbk ISX:BOGA
53 GF Score
Price Rp1,550.00
GF Value Rp339.64
Valuation Significantly Overvalued
! 6 Warning Signs
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What is PT Apollo Global Interactive Tbk Altman Z-Score?

PT Apollo Global Interactive Tbk ISX:BOGA -0.32% 53 Altman Z-Score is 11.48 as of Jul. 03, 2026, which is 5% above its 10-year median of 10.96. GuruFocus rates ISX:BOGA with a GF Score™ of 53/100 and a GF Value™ of Rp339.64 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,312 Vehicles & Parts companies, PT Apollo Global Interactive Tbk ranks better than 95.43% 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.

Good Sign:

Altman Z-score of 11.17 is strong.

PT Apollo Global Interactive Tbk has a Altman Z-Score of 11.48, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

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 Apollo Global Interactive Tbk's Altman Z-Score or its related term are showing as below:

ISX:BOGA' s Altman Z-Score Range Over the Past 10 Years
Min: 4.51   Med: 10.96   Max: 27.46
Current: 11.17

During the past 11 years, PT Apollo Global Interactive Tbk's highest Altman Z-Score was 27.46. The lowest was 4.51. And the median was 10.96.


PT Apollo Global Interactive Tbk  (ISX:BOGA) 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 Apollo Global Interactive Tbk Altman Z-Score Related Terms


PT Apollo Global Interactive Tbk Altman Z-Score Historical Data

* Premium members only.

The historical data trend for PT Apollo Global Interactive 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 Apollo Global Interactive Tbk Altman Z-Score Chart

PT Apollo Global Interactive Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.39 8.65 10.04 5.26 8.63

PT Apollo Global Interactive 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 5.40 5.00 4.51 8.63 10.51

ISX:BOGA vs CVNA, PAG, ALTB: Altman Z-Score Comparison

For the Auto & Truck Dealerships subindustry, PT Apollo Global Interactive 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 Apollo Global Interactive Tbk Altman Z-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, PT Apollo Global Interactive Tbk's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where PT Apollo Global Interactive Tbk's Altman Z-Score falls into.


ISX:BOGA
53GF Score
PT Apollo Global Interactive Tbk ISX:BOGA
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Apollo Global Interactive 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 Apollo Global Interactive 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*0.1072+1.4*0.0813+3.3*0.0448+0.6*17.7891+1.0*0.4127
=11.48

* 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 Rp784,899 Mil.
Total Current Assets was Rp399,706 Mil.
Total Current Liabilities was Rp315,554 Mil.
Retained Earnings was Rp63,844 Mil.
Pre-Tax Income was -7452.755 + 3274.653 + -4527.543 + 19478.944 = Rp10,773 Mil.
Interest Expense was -6112.952 + -6188.269 + -6404.672 + -5702.548 = Rp-24,408 Mil.
Revenue was 88923.457 + 61107.579 + 98205.344 + 75713.029 = Rp323,949 Mil.
Market Cap (Today) was Rp5,895,466 Mil.
Total Liabilities was Rp331,410 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
=(399705.604 - 315553.857)/784898.587
=0.1072

X2=Retained Earnings/Total Assets
=63844.189/784898.587
=0.0813

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(10773.299 - -24408.441)/784898.587
=0.0448

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=5895465.626/331409.602
=17.7891

X5=Revenue/Total Assets
=323949.409/784898.587
=0.4127

The zones of discrimination were as such:

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

PT Apollo Global Interactive Tbk has a Altman Z-Score of 11.48 indicating it is in Safe 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 11.48 mean?
PT Apollo Global Interactive Tbk (ISX:BOGA) has a Altman Z-Score of 11.48 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Apollo Global Interactive Tbk and its competitors. This is near median its historical median of 10.96. Over the past decade, PT Apollo Global Interactive Tbk's Altman Z-Score has ranged from 4.51 to 27.46. According to the industry distribution chart, PT Apollo Global Interactive Tbk ranks #60 out of 1312 companies in the Vehicles & Parts industry, placing it in the top 4.6%.
Is PT Apollo Global Interactive Tbk's Altman Z-Score too high?
PT Apollo Global Interactive Tbk's current Altman Z-Score of 11.48 is near median its 10-year median of 10.96. Over the past 10 years, this metric has ranged from a low of 4.51 to a high of 27.46. The Vehicles & Parts industry median Altman Z-Score is 2.54. PT Apollo Global Interactive Tbk's value of 11.48 is 352% above this industry median. Based on the distribution chart, PT Apollo Global Interactive Tbk ranks #60 out of 1312 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, PT Apollo Global Interactive Tbk has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Apollo Global Interactive Tbk's Altman Z-Score compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, PT Apollo Global Interactive Tbk ranks #60 out of 1312 companies for Altman Z-Score. This places PT Apollo Global Interactive Tbk in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.54. PT Apollo Global Interactive Tbk's value of 11.48 is 352% above this benchmark. Historically, PT Apollo Global Interactive Tbk's own Altman Z-Score has ranged from 4.51 to 27.46 over the past decade. While the company's 10-year median is 10.96 vs. the industry median of 2.54, PT Apollo Global Interactive 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 Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.54, based on 1,312 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 Apollo Global Interactive Tbk's current Altman Z-Score of 11.48 is 352% 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 Apollo Global Interactive Tbk and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Apollo Global Interactive Tbk's current Altman Z-Score is 11.48, which is near median its own 10-year median of 10.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Apollo Global Interactive Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Apollo Global Interactive Tbk (ISX:BOGA) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp339.64, compared to a current price of Rp1,550.00 — trading 356.4% above its estimated fair value. The current Altman Z-Score is 11.48, which is near median its 10-year median of 10.96 and 352% above the Vehicles & Parts industry median of 2.54. PT Apollo Global Interactive Tbk's overall GF Score™ is 53/100 with 6 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 Apollo Global Interactive Tbk (ISX:BOGA), the current Altman Z-Score is 11.48 as of Jul. 03, 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 Apollo Global Interactive Tbk (ISX:BOGA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Apollo Global Interactive Tbk stock appears to be overvalued. The current stock price of Rp1,550.00 is trading 356.4% above its estimated GF Value™ of Rp339.64. GuruFocus considers PT Apollo Global Interactive Tbk to be Significantly Overvalued.

Key valuation signals for ISX:BOGA:

  • Altman Z-Score: 11.48 (near median its 10-year median of 10.96)
  • GF Value™: Rp339.64 vs. price of Rp1,550.00 (356.4% above fair value)
  • GF Score™: 53/100 with 6 warning signs
  • Industry Position: 352% above the Vehicles & Parts median (#60 of 1312)

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


PT Apollo Global Interactive Tbk Business Description

Address Jalan S Supriadi No 19-22, Kel. Sukun, Kec. Sukun, Jawa Timur, Malang, IDN
PT Apollo Global Interactive Tbk is an integrated automotive company with dealerships, car rentals, automotive services, and used car retailers. With an integrated service system supported by an experienced management team in the automotive industry, it is committed to providing reliable, efficient, and sustainable automotive solutions that create long-term value for customers and stakeholders.
53GF Score

Get the complete analysis for ISX:BOGA

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

Rp1,550.00
Price
Rp339.64
GF Value