What is PT Indoritel Makmur Internasional Tbk Altman Z-Score?
PT Indoritel Makmur Internasional TbkISX:DNET 84 Altman Z-Score is 11.77 as of Jun. 24, 2026, which is 87% above its 10-year median of 6.28. GuruFocus rates ISX:DNET with a GF Score™ of 84/100 and a GF Value™ of Rp9,993.07 (Fairly Valued). The stock has 5 warning signs investors should review. Among 367 Telecommunication Services companies, PT Indoritel Makmur Internasional Tbk ranks better than 96.46% 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 11.77 is strong.
PT Indoritel Makmur Internasional Tbk has a Altman Z-Score of 11.77, 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.
PT Indoritel Makmur Internasional Tbk (ISX:DNET) 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.
* 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 Indoritel Makmur Internasional Tbk Altman Z-Score Chart
ISX:DNET vs TMUS, VZ, T: Altman Z-Score Comparison
For the Telecom Services subindustry, PT Indoritel Makmur Internasional 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 Indoritel Makmur Internasional Tbk Altman Z-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, PT Indoritel Makmur Internasional Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Indoritel Makmur Internasional Tbk's Altman Z-Score falls into.
PT Indoritel Makmur Internasional 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.
* 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 Indoritel Makmur Internasional Tbk (ISX:DNET) has a Altman Z-Score of 11.77 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Indoritel Makmur Internasional Tbk and its competitors. This is 87% above median its historical median of 6.28. Over the past decade, PT Indoritel Makmur Internasional Tbk's Altman Z-Score has ranged from 4.65 to 196.42. According to the industry distribution chart, PT Indoritel Makmur Internasional Tbk ranks #13 out of 367 companies in the Telecommunication Services industry, placing it in the top 3.5%.
Is PT Indoritel Makmur Internasional Tbk's Altman Z-Score too high?
PT Indoritel Makmur Internasional Tbk's current Altman Z-Score of 11.77 is 87% above median its 10-year median of 6.28. Over the past 10 years, this metric has ranged from a low of 4.65 to a high of 196.42. The Telecommunication Services industry median Altman Z-Score is 1.72. PT Indoritel Makmur Internasional Tbk's value of 11.77 is 584.3% above this industry median. Based on the distribution chart, PT Indoritel Makmur Internasional Tbk ranks #13 out of 367 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, PT Indoritel Makmur Internasional Tbk has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Indoritel Makmur Internasional Tbk's Altman Z-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, PT Indoritel Makmur Internasional Tbk ranks #13 out of 367 companies for Altman Z-Score. This places PT Indoritel Makmur Internasional Tbk in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.72. PT Indoritel Makmur Internasional Tbk's value of 11.77 is 584.3% above this benchmark. Historically, PT Indoritel Makmur Internasional Tbk's own Altman Z-Score has ranged from 4.65 to 196.42 over the past decade. While the company's 10-year median is 6.28 vs. the industry median of 1.72, PT Indoritel Makmur Internasional 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 Telecommunication Services company?
The median Altman Z-Score among Telecommunication Services companies is 1.72, based on 367 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 Indoritel Makmur Internasional Tbk's current Altman Z-Score of 11.77 is 584.3% 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 Indoritel Makmur Internasional Tbk and its competitors. For the Telecommunication Services industry, the median Altman Z-Score is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Indoritel Makmur Internasional Tbk's current Altman Z-Score is 11.77, which is 87% above median its own 10-year median of 6.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Indoritel Makmur Internasional Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Indoritel Makmur Internasional Tbk (ISX:DNET) is currently considered Fairly Valued. The stock's GF Value™ is Rp9,993.07, compared to a current price of Rp10,300.00 — trading 3.1% above its estimated fair value. The current Altman Z-Score is 11.77, which is 87% above median its 10-year median of 6.28 and 584.3% above the Telecommunication Services industry median of 1.72. PT Indoritel Makmur Internasional Tbk's overall GF Score™ is 84/100 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 Indoritel Makmur Internasional Tbk (ISX:DNET), the current Altman Z-Score is 11.77 as of Jun. 24, 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 Indoritel Makmur Internasional Tbk (ISX:DNET) Overvalued in 2026?
Based on GuruFocus' analysis, PT Indoritel Makmur Internasional Tbk stock appears to be overvalued.
The current stock price of Rp10,300.00 is trading 3.1% above its estimated GF Value™ of Rp9,993.07.
GuruFocus considers PT Indoritel Makmur Internasional Tbk to be Fairly Valued.
Key valuation signals for ISX:DNET:
Altman Z-Score: 11.77 (87% above median its 10-year median of 6.28)
GF Value™: Rp9,993.07 vs. price of Rp10,300.00 (3.1% above fair value)
Industry Position: 584.3% above the Telecommunication Services median (#13 of 367)
No single metric tells the full story. See the ISX:DNET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Indoritel Makmur Internasional Tbk Business Description
PT Indoritel Makmur Internasional Tbk is an investment holding company. The company, through its subsidiaries, is engaged in providing infrastructure through fiber optic media and serving telecommunication services ranging from data communication to interactive video, managing SDWAN services, and a variety of other Internet of Things (IoT) derivatives. Its segments are the Corporate segment, the Retail segment, and Others. It generates the majority of revenue from the Corporate segment. The Corporate Business Segment provides fiber-optic-based telecommunications data connection service products for business customers, such as Last Mile Solution, Fiberization, IP Transit, IEPL, MPLS, and DWDM, to other telecommunications operators and international customers.
84GF Score
Get the complete analysis for ISX:DNET
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ISX:DNET has been successfully added to your 
