PT Multi Garam Utama TbkISX:FOLK +12.63%17 Altman Z-Score is 50.80 as of Jul. 01, 2026, which is 2% below its 10-year median of 51.71. GuruFocus rates ISX:FOLK with a GF Score™ of 17/100 and a GF Value™ of Rp32.52 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,113 Retail - Cyclical companies, PT Multi Garam Utama Tbk ranks better than 99.19% 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 41.31 is strong.
PT Multi Garam Utama Tbk has a Altman Z-Score of 50.80, 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 Multi Garam Utama Tbk's Altman Z-Score or its related term are showing as below:
ISX:FOLK'
s Altman Z-Score Range Over the Past 10 Years
Min: 10.76 Med: 51.71 Max: 92.65
Current: 41.31
During the past 5 years, PT Multi Garam Utama Tbk's highest Altman Z-Score was 92.65. The lowest was 10.76. And the median was 51.71.
PT Multi Garam Utama Tbk (ISX:FOLK) 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 Multi Garam Utama Tbk Altman Z-Score Chart
PT Multi Garam Utama Tbk Annual Data
Trend
Dec20
Dec21
Dec22
Dec24
Dec25
Altman Z-Score
0.00
0.00
0.00
10.76
92.65
PT Multi Garam Utama Tbk Semi-Annual Data
Dec20
Dec21
Dec22
Dec24
Dec25
Altman Z-Score
0.00
0.00
0.00
10.76
92.65
ISX:FOLK vs AMZN, BABA, PDD: Altman Z-Score Comparison
For the Internet Retail subindustry, PT Multi Garam Utama 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 Multi Garam Utama Tbk Altman Z-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, PT Multi Garam Utama Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Multi Garam Utama Tbk's Altman Z-Score falls into.
PT Multi Garam Utama 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 Multi Garam Utama Tbk (ISX:FOLK) has a Altman Z-Score of 50.80 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Multi Garam Utama Tbk and its competitors. This is near median its historical median of 51.71. Over the past decade, PT Multi Garam Utama Tbk's Altman Z-Score has ranged from 10.76 to 92.65. According to the industry distribution chart, PT Multi Garam Utama Tbk ranks #9 out of 1113 companies in the Retail - Cyclical industry, placing it in the top 0.8%.
Is PT Multi Garam Utama Tbk's Altman Z-Score too high?
PT Multi Garam Utama Tbk's current Altman Z-Score of 50.80 is near median its 10-year median of 51.71. Over the past 10 years, this metric has ranged from a low of 10.76 to a high of 92.65. The Retail - Cyclical industry median Altman Z-Score is 2.72. PT Multi Garam Utama Tbk's value of 50.80 is 1767.6% above this industry median. Based on the distribution chart, PT Multi Garam Utama Tbk ranks #9 out of 1113 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, PT Multi Garam Utama Tbk has a GF Score™ of 17/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Multi Garam Utama Tbk's Altman Z-Score compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, PT Multi Garam Utama Tbk ranks #9 out of 1113 companies for Altman Z-Score. This places PT Multi Garam Utama Tbk in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.72. PT Multi Garam Utama Tbk's value of 50.80 is 1767.6% above this benchmark. Historically, PT Multi Garam Utama Tbk's own Altman Z-Score has ranged from 10.76 to 92.65 over the past decade. While the company's 10-year median is 51.71 vs. the industry median of 2.72, PT Multi Garam Utama 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 Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.72, based on 1,113 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 Multi Garam Utama Tbk's current Altman Z-Score of 50.80 is 1767.6% 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 Multi Garam Utama Tbk and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Multi Garam Utama Tbk's current Altman Z-Score is 50.80, which is near median its own 10-year median of 51.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Multi Garam Utama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Multi Garam Utama Tbk (ISX:FOLK) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp32.52, compared to a current price of Rp214.00 — trading 558.1% above its estimated fair value. The current Altman Z-Score is 50.80, which is near median its 10-year median of 51.71 and 1767.6% above the Retail - Cyclical industry median of 2.72. PT Multi Garam Utama Tbk's overall GF Score™ is 17/100 with 1 warning sign 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 Multi Garam Utama Tbk (ISX:FOLK), the current Altman Z-Score is 50.80 as of Jul. 01, 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 Multi Garam Utama Tbk (ISX:FOLK) Overvalued in 2026?
Based on GuruFocus' analysis, PT Multi Garam Utama Tbk stock appears to be overvalued.
The current stock price of Rp214.00 is trading 558.1% above its estimated GF Value™ of Rp32.52.
GuruFocus considers PT Multi Garam Utama Tbk to be Significantly Overvalued.
Key valuation signals for ISX:FOLK:
Altman Z-Score: 50.80 (near median its 10-year median of 51.71)
GF Value™: Rp32.52 vs. price of Rp214.00 (558.1% above fair value)
Industry Position: 1767.6% above the Retail - Cyclical median (#9 of 1113)
No single metric tells the full story. See the ISX:FOLK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressJl. Jend. Sudirman Kav. 52 - 53, Prosperity Tower Unit 17th Floor, District 8, SCBD, Kel. Senayan, Kec. Kebayoran Baru, Jakarta Selatan, Jakarta, IDN, 12190
PT Multi Garam Utama Tbk is a multi-sector holding entity operating under 3 main business pillars, namely New Age Media Commerce, Omni-Channel Retail Brands, and Intellectual Property & Community. The company categorized its operational segments into 5 segments: holding, media, cosmetics, footwear, and soap. The Soap segment derives majority of the revenue.
17GF Score
Get the complete analysis for ISX:FOLK
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:FOLK has been successfully added to your 