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PT Itsec Asia TbkISX:CYBR -0.87%55 Altman Z-Score is 23.95 as of Jul. 22, 2026, which is 90% above its 10-year median of 12.61. GuruFocus rates ISX:CYBR with a GF Score™ of 55/100 and a GF Value™ of Rp400.87 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,766 Software companies, PT Itsec Asia Tbk ranks better than 96.49% 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 24.73 is strong.
PT Itsec Asia Tbk has a Altman Z-Score of 23.95, 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 Itsec Asia Tbk's Altman Z-Score or its related term are showing as below:
ISX:CYBR'
s Altman Z-Score Range Over the Past 10 Years
Min: 8.15 Med: 12.61 Max: 47.5
Current: 24.73
During the past 7 years, PT Itsec Asia Tbk's highest Altman Z-Score was 47.50. The lowest was 8.15. And the median was 12.61.
PT Itsec Asia Tbk (ISX:CYBR) 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.
Altman Z-Score does not apply to financial companies.
PT Itsec Asia Tbk Altman Z-Score Related Terms
PT Itsec Asia Tbk Altman Z-Score Historical Data
* Premium members only.
The historical data trend for PT Itsec Asia 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.
ISX:CYBR vs MSFT, ORCL, PLTR: Altman Z-Score Comparison
For the Software - Infrastructure subindustry, PT Itsec Asia 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 Itsec Asia Tbk Altman Z-Score vs Software Industry
For the Software industry and Technology sector, PT Itsec Asia Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Itsec Asia 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.
PT Itsec Asia 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
*
0.425
+
1.4
*
-0.0273
+
3.3
*
0.082
+
0.6
*
36.9635
+
1.0
*
1.0313
=
23.95
* 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 Itsec Asia Tbk (ISX:CYBR) has a Altman Z-Score of 23.95 as of Jul. 22, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Itsec Asia Tbk and its competitors. This is 90% above median its historical median of 12.61. Over the past decade, PT Itsec Asia Tbk's Altman Z-Score has ranged from 8.15 to 47.50. According to the industry distribution chart, PT Itsec Asia Tbk ranks #97 out of 2766 companies in the Software industry, placing it in the top 3.5%.
Is PT Itsec Asia Tbk's Altman Z-Score too high?
PT Itsec Asia Tbk's current Altman Z-Score of 23.95 is 90% above median its 10-year median of 12.61. Over the past 10 years, this metric has ranged from a low of 8.15 to a high of 47.50. The Software industry median Altman Z-Score is 3.12. PT Itsec Asia Tbk's value of 23.95 is 668.9% above this industry median. Based on the distribution chart, PT Itsec Asia Tbk ranks #97 out of 2766 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, PT Itsec Asia Tbk has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Itsec Asia Tbk's Altman Z-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, PT Itsec Asia Tbk ranks #97 out of 2766 companies for Altman Z-Score. This places PT Itsec Asia Tbk in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.12. PT Itsec Asia Tbk's value of 23.95 is 668.9% above this benchmark. Historically, PT Itsec Asia Tbk's own Altman Z-Score has ranged from 8.15 to 47.50 over the past decade. While the company's 10-year median is 12.61 vs. the industry median of 3.12, PT Itsec Asia 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 Software company?
The median Altman Z-Score among Software companies is 3.12, based on 2,766 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 Itsec Asia Tbk's current Altman Z-Score of 23.95 is 668.9% 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 Itsec Asia Tbk and its competitors. For the Software industry, the median Altman Z-Score is 3.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Itsec Asia Tbk's current Altman Z-Score is 23.95, which is 90% above median its own 10-year median of 12.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Itsec Asia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Itsec Asia Tbk (ISX:CYBR) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp400.87, compared to a current price of Rp570.00 — trading 42.2% above its estimated fair value. The current Altman Z-Score is 23.95, which is 90% above median its 10-year median of 12.61 and 668.9% above the Software industry median of 3.12. PT Itsec Asia Tbk's overall GF Score™ is 55/100 with 4 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 Itsec Asia Tbk (ISX:CYBR), the current Altman Z-Score is 23.95 as of Jul. 22, 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 Itsec Asia Tbk (ISX:CYBR) Overvalued in 2026?
Based on GuruFocus' analysis, PT Itsec Asia Tbk stock appears to be overvalued.
The current stock price of Rp570.00 is trading 42.2% above its estimated GF Value™ of Rp400.87.
GuruFocus considers PT Itsec Asia Tbk to be Significantly Overvalued.
Key valuation signals for ISX:CYBR:
Altman Z-Score: 23.95 (90% above median its 10-year median of 12.61)
GF Value™: Rp400.87 vs. price of Rp570.00 (42.2% above fair value)
Industry Position: 668.9% above the Software median (#97 of 2766)
No single metric tells the full story. See the ISX:CYBR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressJalan Dr Ide Anak Agung Gde Agung Plot E.4.2 No 2, Noble House Building Floor 11 Units 2 & 3, Mega Kuningan Kel. Kuningan Timur, Setiabudi, South Jakarta, Jakarta, IDN, 12950
PT Itsec Asia Tbk is one of the cybersecurity companies in APAC. The company's core offerings encompass comprehensive cybersecurity services and solutions, including Consulting Services, Security Solutions Integration and Managed Security Services. The complete end-to-end portfolio of the company provides continuous IT infrastructure protection against multiplying cybersecurity threats and compliance with increasingly demanding data protection and critical infrastructure regulations. The company also has extensive experience helping customers with fraud prevention, operational technology (OT) and Industrial IoT (IIoT) security.
55GF Score
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