PT Bangun Kosambi Sukses Tbk (ISX:CBDK) Altman Z-Score: 1.86 (As of Jul. 07, 2026) — 22% Below Median


ISX:CBDK PT Bangun Kosambi Sukses Tbk ISX:CBDK
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What is PT Bangun Kosambi Sukses Tbk Altman Z-Score?

PT Bangun Kosambi Sukses Tbk ISX:CBDK -2.01% 13 Altman Z-Score is 1.86 as of Jul. 07, 2026, which is 22% below its 10-year median of 2.37. GuruFocus rates ISX:CBDK with a GF Score™ of 13/100. The stock has 3 warning signs investors should review. Among 1,732 Real Estate companies, PT Bangun Kosambi Sukses Tbk ranks better than 67.21% 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 1.88 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 Bangun Kosambi Sukses Tbk has a Altman Z-Score of 1.86, indicating it is in Grey Zones. This implies that PT Bangun Kosambi Sukses 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 Bangun Kosambi Sukses Tbk's Altman Z-Score or its related term are showing as below:

ISX:CBDK' s Altman Z-Score Range Over the Past 10 Years
Min: 1.88   Med: 2.37   Max: 3.38
Current: 1.88

During the past 5 years, PT Bangun Kosambi Sukses Tbk's highest Altman Z-Score was 3.38. The lowest was 1.88. And the median was 2.37.


PT Bangun Kosambi Sukses Tbk  (ISX:CBDK) 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 Bangun Kosambi Sukses Tbk Altman Z-Score Related Terms


PT Bangun Kosambi Sukses Tbk Altman Z-Score Historical Data

* Premium members only.

The historical data trend for PT Bangun Kosambi Sukses 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 Bangun Kosambi Sukses Tbk Altman Z-Score Chart

PT Bangun Kosambi Sukses Tbk Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
0.00 0.00 0.00 0.00 3.38

PT Bangun Kosambi Sukses Tbk Quarterly Data
Dec21 Dec22 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 2.31 2.37 2.98 3.38 2.23

ISX:CBDK vs CBRE, BEKE, JLL: Altman Z-Score Comparison

For the Real Estate Services subindustry, PT Bangun Kosambi Sukses 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 Bangun Kosambi Sukses Tbk Altman Z-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, PT Bangun Kosambi Sukses Tbk's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where PT Bangun Kosambi Sukses Tbk's Altman Z-Score falls into.


ISX:CBDK
13GF Score
PT Bangun Kosambi Sukses Tbk ISX:CBDK
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Bangun Kosambi Sukses 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 Bangun Kosambi Sukses 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*0.096+1.4*0.124+3.3*0.0855+0.6*1.9363+1.0*0.1257
=1.86

* 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 Rp22,431,219 Mil.
Total Current Assets was Rp10,790,759 Mil.
Total Current Liabilities was Rp8,637,407 Mil.
Retained Earnings was Rp2,780,730 Mil.
Pre-Tax Income was 546237.844 + 101718.254 + 827036.07 + 421077.347 = Rp1,896,070 Mil.
Interest Expense was -4322.133 + -6470.723 + -6021.287 + -5128.797 = Rp-21,943 Mil.
Revenue was 742591.511 + 205498.122 + 1102667.028 + 769126.979 = Rp2,819,884 Mil.
Market Cap (Today) was Rp19,292,712 Mil.
Total Liabilities was Rp9,963,462 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
=(10790758.626 - 8637407.029)/22431218.887
=0.096

X2=Retained Earnings/Total Assets
=2780729.98/22431218.887
=0.124

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1896069.515 - -21942.94)/22431218.887
=0.0855

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=19292712.329/9963461.987
=1.9363

X5=Revenue/Total Assets
=2819883.64/22431218.887
=0.1257

The zones of discrimination were as such:

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

PT Bangun Kosambi Sukses Tbk has a Altman Z-Score of 1.86 indicating it is in Grey 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 1.86 mean?
PT Bangun Kosambi Sukses Tbk (ISX:CBDK) has a Altman Z-Score of 1.86 as of Jul. 07, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Bangun Kosambi Sukses Tbk and its competitors. This is 22% below median its historical median of 2.37. Over the past decade, PT Bangun Kosambi Sukses Tbk's Altman Z-Score has ranged from 1.88 to 3.38. According to the industry distribution chart, PT Bangun Kosambi Sukses Tbk ranks #568 out of 1732 companies in the Real Estate industry, placing it in the top 32.8%.
Is PT Bangun Kosambi Sukses Tbk's Altman Z-Score too high?
PT Bangun Kosambi Sukses Tbk's current Altman Z-Score of 1.86 is 22% below median its 10-year median of 2.37. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 3.38. The Real Estate industry median Altman Z-Score is 1.31. PT Bangun Kosambi Sukses Tbk's value of 1.86 is 42% above this industry median. Based on the distribution chart, PT Bangun Kosambi Sukses Tbk ranks #568 out of 1732 companies in the Real Estate industry, which is above the industry midpoint. Overall, PT Bangun Kosambi Sukses Tbk has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does PT Bangun Kosambi Sukses Tbk's Altman Z-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, PT Bangun Kosambi Sukses Tbk ranks #568 out of 1732 companies for Altman Z-Score. This puts PT Bangun Kosambi Sukses Tbk in the upper half of its industry. The industry median Altman Z-Score is 1.31. PT Bangun Kosambi Sukses Tbk's value of 1.86 is 42% above this benchmark. Historically, PT Bangun Kosambi Sukses Tbk's own Altman Z-Score has ranged from 1.88 to 3.38 over the past decade. While the company's 10-year median is 2.37 vs. the industry median of 1.31, PT Bangun Kosambi Sukses 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.31, based on 1,732 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 Bangun Kosambi Sukses Tbk's current Altman Z-Score of 1.86 is 42% 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 Bangun Kosambi Sukses Tbk and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Bangun Kosambi Sukses Tbk's current Altman Z-Score is 1.86, which is 22% below median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bangun Kosambi Sukses Tbk stock overvalued right now?
PT Bangun Kosambi Sukses Tbk (ISX:CBDK) has a current Altman Z-Score of 1.86. The current Altman Z-Score is 1.86, which is 22% below median its 10-year median of 2.37 and 42% above the Real Estate industry median of 1.31. PT Bangun Kosambi Sukses Tbk's overall GF Score™ is 13/100 with 3 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 Bangun Kosambi Sukses Tbk (ISX:CBDK), the current Altman Z-Score is 1.86 as of Jul. 07, 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 Bangun Kosambi Sukses Tbk Business Description

Address Jalan Inspection PIK 2 Banten, Terusan Jalan Perancis No.5, Tangerang, IDN, 15211
PT Bangun Kosambi Sukses Tbk is engaged in real estate activities, whether owned or leased, including purchasing, selling, renting and operating real estate that is owned or rented, holding company activities and management consulting services. It operates in the residential and commercial real estate development sector, encompassing the purchase, sale, leasing, and operation of real estate properties, whether owned or leased, residential buildings, and non-residential properties. Its segments are Real estate, Convention and exhibition, Hotel, and Others. It generates majority of revenue from Real Estate. Its projects are Permata Hijau Residences, Bizpark PIK 2, Soho Manhattan, The Bund, Rukan Millennial, Soho Wallstreet, Rukan Asia Afrika, Petak 9 Shop Office, Menara Syariah, etc.
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