PT Cisadanewit Raya Tbk (ISX:CSRA) Altman Z-Score: 3.16 (As of Jun. 30, 2026) — Near Median


ISX:CSRA PT Cisadane Sawit Raya Tbk ISX:CSRA
52 GF Score
Price Rp750.00
GF Value Rp1,753.24
Valuation Significantly Undervalued
! 2 Warning Signs
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What is PT Cisadanewit Raya Tbk Altman Z-Score?

PT Cisadanewit Raya Tbk ISX:CSRA -3.23% 52 Altman Z-Score is 3.16 as of Jun. 30, 2026, which is 6% above its 10-year median of 2.99. GuruFocus rates ISX:CSRA with a GF Score™ of 52/100 and a GF Value™ of Rp1,753.24 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,931 Consumer Packaged Goods companies, PT Cisadanewit Raya Tbk ranks better than 56.14% 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 3.19 is strong.

PT Cisadanewit Raya Tbk has a Altman Z-Score of 3.16, 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 Cisadanewit Raya Tbk's Altman Z-Score or its related term are showing as below:

ISX:CSRA' s Altman Z-Score Range Over the Past 10 Years
Min: 1.45   Med: 2.99   Max: 3.35
Current: 3.19

During the past 5 years, PT Cisadanewit Raya Tbk's highest Altman Z-Score was 3.35. The lowest was 1.45. And the median was 2.99.


PT Cisadanewit Raya Tbk  (ISX:CSRA) 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 Cisadanewit Raya Tbk Altman Z-Score Related Terms


PT Cisadanewit Raya Tbk Altman Z-Score Historical Data

* Premium members only.

The historical data trend for PT Cisadanewit Raya 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 Cisadanewit Raya Tbk Altman Z-Score Chart

PT Cisadanewit Raya Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec24 Dec25
Altman Z-Score
0.00 0.00 0.00 2.85 3.35

PT Cisadanewit Raya Tbk Quarterly Data
Dec16 Dec17 Dec18 Jun19 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 2.91 2.99 3.23 3.35 3.34

ISX:CSRA vs ADM, BG, TSN: Altman Z-Score Comparison

For the Farm Products subindustry, PT Cisadanewit Raya 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 Cisadanewit Raya Tbk Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Cisadanewit Raya Tbk's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where PT Cisadanewit Raya Tbk's Altman Z-Score falls into.


ISX:CSRA
52GF Score
PT Cisadane Sawit Raya Tbk ISX:CSRA
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Cisadanewit Raya 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 Cisadanewit Raya 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*0.08+1.4*0.6339+3.3*0.1576+0.6*1.4069+1.0*0.8153
=3.16

* 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 Rp2,643,369 Mil.
Total Current Assets was Rp648,502 Mil.
Total Current Liabilities was Rp437,050 Mil.
Retained Earnings was Rp1,675,757 Mil.
Pre-Tax Income was 112235.987 + 68992.275 + 95074.412 + 97675.449 = Rp373,978 Mil.
Interest Expense was -20 + 0 + -42654.374 + 0 = Rp-42,674 Mil.
Revenue was 541322.949 + 554617.379 + 589645.237 + 469613.13 = Rp2,155,199 Mil.
Market Cap (Today) was Rp1,537,500 Mil.
Total Liabilities was Rp1,092,864 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
=(648502.203 - 437050.417)/2643369.307
=0.08

X2=Retained Earnings/Total Assets
=1675756.879/2643369.307
=0.6339

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(373978.123 - -42674.374)/2643369.307
=0.1576

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1537500.000/1092863.614
=1.4069

X5=Revenue/Total Assets
=2155198.695/2643369.307
=0.8153

The zones of discrimination were as such:

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

PT Cisadanewit Raya Tbk has a Altman Z-Score of 3.16 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 3.16 mean?
PT Cisadanewit Raya Tbk (ISX:CSRA) has a Altman Z-Score of 3.16 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Cisadanewit Raya Tbk and its competitors. This is near median its historical median of 2.99. Over the past decade, PT Cisadanewit Raya Tbk's Altman Z-Score has ranged from 1.45 to 3.35. According to the industry distribution chart, PT Cisadanewit Raya Tbk ranks #847 out of 1931 companies in the Consumer Packaged Goods industry, placing it in the top 43.9%.
Is PT Cisadanewit Raya Tbk's Altman Z-Score too high?
PT Cisadanewit Raya Tbk's current Altman Z-Score of 3.16 is near median its 10-year median of 2.99. Over the past 10 years, this metric has ranged from a low of 1.45 to a high of 3.35. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. PT Cisadanewit Raya Tbk's value of 3.16 is 11.7% above this industry median. Based on the distribution chart, PT Cisadanewit Raya Tbk ranks #847 out of 1931 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, PT Cisadanewit Raya Tbk has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Cisadanewit Raya Tbk's Altman Z-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, PT Cisadanewit Raya Tbk ranks #847 out of 1931 companies for Altman Z-Score. This puts PT Cisadanewit Raya Tbk in the upper half of its industry. The industry median Altman Z-Score is 2.83. PT Cisadanewit Raya Tbk's value of 3.16 is 11.7% above this benchmark. Historically, PT Cisadanewit Raya Tbk's own Altman Z-Score has ranged from 1.45 to 3.35 over the past decade. While the company's 10-year median is 2.99 vs. the industry median of 2.83, PT Cisadanewit Raya 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.83, based on 1,931 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 Cisadanewit Raya Tbk's current Altman Z-Score of 3.16 is 11.7% 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 Cisadanewit Raya Tbk and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Cisadanewit Raya Tbk's current Altman Z-Score is 3.16, which is near median its own 10-year median of 2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Cisadanewit Raya Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Cisadanewit Raya Tbk (ISX:CSRA) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp1,753.24, compared to a current price of Rp750.00 — trading 57.2% below its estimated fair value. The current Altman Z-Score is 3.16, which is near median its 10-year median of 2.99 and 11.7% above the Consumer Packaged Goods industry median of 2.83. PT Cisadanewit Raya Tbk's overall GF Score™ is 52/100 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 Cisadanewit Raya Tbk (ISX:CSRA), the current Altman Z-Score is 3.16 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 Cisadanewit Raya Tbk (ISX:CSRA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Cisadanewit Raya Tbk stock appears to be undervalued. The current stock price of Rp750.00 is trading 57.2% below its estimated GF Value™ of Rp1,753.24. GuruFocus considers PT Cisadanewit Raya Tbk to be Significantly Undervalued.

Key valuation signals for ISX:CSRA:

  • Altman Z-Score: 3.16 (near median its 10-year median of 2.99)
  • GF Value™: Rp1,753.24 vs. price of Rp750.00 (57.2% below fair value)
  • GF Score™: 52/100 with 2 warning signs
  • Industry Position: 11.7% above the Consumer Packaged Goods median (#847 of 1931)

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


PT Cisadanewit Raya Tbk Business Description

Address Jalan Pluit Selatan Raya, CBD Pluit Office Complex Blok R2 No. B-25, North Jakarta, Jakarta, IDN, 14440
PT Cisadane Sawit Raya Tbk develops oil palm plantations in Labuhan Batu Regency, North Sumatra Province. The company also has a palm oil mill in the plantation area to process fresh fruit bunches into crude palm oil. Its segments are Crude palm oil, Palm Kernel, and Plantation Industry. Geographically, the company operates in North Sumatra and South Sumatra.
52GF Score

Get the complete analysis for ISX:CSRA

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

Rp750.00
Price
Rp1,753.24
GF Value