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 7.78 is strong.
PT Pelayaran Nasional Ekalya Purnamasari Tbk has a Altman Z-Score of 7.78, 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 Pelayaran Nasional Ekalya Purnamasari Tbk (ISX:ELPI) 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 Pelayaran Nasional Ekalya Purnamasari Tbk Altman Z-Score Chart
PT Pelayaran Nasional Ekalya Purnamasari Tbk Annual Data
PT Pelayaran Nasional Ekalya Purnamasari Tbk Altman Z-Score Competitor Comparison
For the Marine Shipping subindustry, PT Pelayaran Nasional Ekalya Purnamasari 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 Pelayaran Nasional Ekalya Purnamasari Tbk Altman Z-Score vs Transportation Industry
PT Pelayaran Nasional Ekalya Purnamasari 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 Pelayaran Nasional Ekalya Purnamasari Tbk (ISX:ELPI) has a Altman Z-Score of 7.78 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Pelayaran Nasional Ekalya Purnamasari Tbk and its competitors. This is 71% above median its historical median of 4.56. Over the past decade, PT Pelayaran Nasional Ekalya Purnamasari Tbk's Altman Z-Score has ranged from 3.37 to 11.29. According to the industry distribution chart, PT Pelayaran Nasional Ekalya Purnamasari Tbk ranks #74 out of 992 companies in the Transportation industry, placing it in the top 7.5%.
Is PT Pelayaran Nasional Ekalya Purnamasari Tbk's Altman Z-Score too high?
PT Pelayaran Nasional Ekalya Purnamasari Tbk's current Altman Z-Score of 7.78 is 71% above median its 10-year median of 4.56. Over the past 10 years, this metric has ranged from a low of 3.37 to a high of 11.29. The Transportation industry median Altman Z-Score is 2.27. PT Pelayaran Nasional Ekalya Purnamasari Tbk's value of 7.78 is 242.7% above this industry median. Based on the distribution chart, PT Pelayaran Nasional Ekalya Purnamasari Tbk ranks #74 out of 992 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, PT Pelayaran Nasional Ekalya Purnamasari Tbk has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Pelayaran Nasional Ekalya Purnamasari Tbk's Altman Z-Score compare to competitors?
According to the Transportation industry distribution chart, PT Pelayaran Nasional Ekalya Purnamasari Tbk ranks #74 out of 992 companies for Altman Z-Score. This places PT Pelayaran Nasional Ekalya Purnamasari Tbk in the top 8% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.27. PT Pelayaran Nasional Ekalya Purnamasari Tbk's value of 7.78 is 242.7% above this benchmark. Historically, PT Pelayaran Nasional Ekalya Purnamasari Tbk's own Altman Z-Score has ranged from 3.37 to 11.29 over the past decade. While the company's 10-year median is 4.56 vs. the industry median of 2.27, PT Pelayaran Nasional Ekalya Purnamasari 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.27, based on 992 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 Pelayaran Nasional Ekalya Purnamasari Tbk's current Altman Z-Score of 7.78 is 242.7% 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 Pelayaran Nasional Ekalya Purnamasari Tbk and its competitors. For the Transportation industry, the median Altman Z-Score is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Pelayaran Nasional Ekalya Purnamasari Tbk's current Altman Z-Score is 7.78, which is 71% above median its own 10-year median of 4.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Pelayaran Nasional Ekalya Purnamasari Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Pelayaran Nasional Ekalya Purnamasari Tbk (ISX:ELPI) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp257.83, compared to a current price of Rp1,045.00 — trading 305.3% above its estimated fair value. The current Altman Z-Score is 7.78, which is 71% above median its 10-year median of 4.56 and 242.7% above the Transportation industry median of 2.27. PT Pelayaran Nasional Ekalya Purnamasari Tbk's overall GF Score™ is 65/100 with 7 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 Pelayaran Nasional Ekalya Purnamasari Tbk (ISX:ELPI), the current Altman Z-Score is 7.78 as of Jun. 28, 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 Pelayaran Nasional Ekalya Purnamasari Tbk (ISX:ELPI) Overvalued in 2026?
Based on GuruFocus' analysis, PT Pelayaran Nasional Ekalya Purnamasari Tbk stock appears to be overvalued.
The current stock price of Rp1,045.00 is trading 305.3% above its estimated GF Value™ of Rp257.83.
GuruFocus considers PT Pelayaran Nasional Ekalya Purnamasari Tbk to be Significantly Overvalued.
Key valuation signals for ISX:ELPI:
Altman Z-Score: 7.78 (71% above median its 10-year median of 4.56)
GF Value™: Rp257.83 vs. price of Rp1,045.00 (305.3% above fair value)
Industry Position: 242.7% above the Transportation median (#74 of 992)
No single metric tells the full story. See the ISX:ELPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Pelayaran Nasional Ekalya Purnamasari Tbk Business Description
PT Pelayaran Nasional Ekalya Purnamasari Tbk is engaged in sea transportation and transportation support activities. The segments of the business are owned vessel, chartered vessel, and other services, out of which the majority are from the owned vessel. The activities of the company comprises of domestic shipping, shipping and transportation services, shipping agents, shipping companies, oil and gas hauling services, marine vessel leasing services, and others.
65GF Score
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