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PT Gema Graharana TbkISX:GEMA -1.20%58 Altman Z-Score is 1.81 as of Aug. 26, 2026, which is 17% below its 10-year median of 2.17. GuruFocus rates ISX:GEMA with a GF Score™ of 58/100 and a GF Value™ of Rp172.53 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 430 Furnishings, Fixtures & Appliances companies, PT Gema Graharana Tbk ranks worse than 73.95% 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.
Warning Sign:
Altman Z-score of 1.81 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
PT Gema Graharana Tbk has a Altman Z-Score of 1.81, indicating it is in Grey Zones. This implies that PT Gema Graharana Tbk is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Gema Graharana Tbk's Altman Z-Score or its related term are showing as below:
ISX:GEMA'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.74 Med: 2.17 Max: 2.71
Current: 1.81
During the past 13 years, PT Gema Graharana Tbk's highest Altman Z-Score was 2.71. The lowest was 1.74. And the median was 2.17.
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 Gema Graharana Tbk Altman Z-Score Related Terms
PT Gema Graharana Tbk Altman Z-Score Historical Data
* Premium members only.
The historical data trend for PT Gema Graharana 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:GEMA vs SN, SGI, MHK: Altman Z-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, PT Gema Graharana 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 Gema Graharana Tbk Altman Z-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, PT Gema Graharana Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Gema Graharana 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.
* 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 Gema Graharana Tbk (ISX:GEMA) has a Altman Z-Score of 1.81 as of Aug. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Gema Graharana Tbk and its competitors. This is 17% below median its historical median of 2.17. Over the past decade, PT Gema Graharana Tbk's Altman Z-Score has ranged from 1.74 to 2.71. According to the industry distribution chart, PT Gema Graharana Tbk ranks #318 out of 430 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 74%.
Is PT Gema Graharana Tbk's Altman Z-Score too high?
PT Gema Graharana Tbk's current Altman Z-Score of 1.81 is 17% below median its 10-year median of 2.17. Over the past 10 years, this metric has ranged from a low of 1.74 to a high of 2.71. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.78. PT Gema Graharana Tbk's value of 1.81 is 34.9% below this industry median. Based on the distribution chart, PT Gema Graharana Tbk ranks #318 out of 430 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, PT Gema Graharana Tbk has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Gema Graharana Tbk's Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, PT Gema Graharana Tbk ranks #318 out of 430 companies for Altman Z-Score. This places PT Gema Graharana Tbk in the lower half of its industry. The industry median Altman Z-Score is 2.78. PT Gema Graharana Tbk's value of 1.81 is 34.9% below this benchmark. Historically, PT Gema Graharana Tbk's own Altman Z-Score has ranged from 1.74 to 2.71 over the past decade. While the company's 10-year median is 2.17 vs. the industry median of 2.78, PT Gema Graharana Tbk has consistently been below 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 Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.78, based on 430 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 Gema Graharana Tbk's current Altman Z-Score of 1.81 is 34.9% below 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 Gema Graharana Tbk and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Gema Graharana Tbk's current Altman Z-Score is 1.81, which is 17% below median its own 10-year median of 2.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Gema Graharana Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Gema Graharana Tbk (ISX:GEMA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp172.53, compared to a current price of Rp82.00 — trading 52.5% below its estimated fair value. The current Altman Z-Score is 1.81, which is 17% below median its 10-year median of 2.17 and 34.9% below the Furnishings, Fixtures & Appliances industry median of 2.78. PT Gema Graharana Tbk's overall GF Score™ is 58/100 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 Gema Graharana Tbk (ISX:GEMA), the current Altman Z-Score is 1.81 as of Aug. 26, 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 Gema Graharana Tbk (ISX:GEMA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Gema Graharana Tbk stock appears to be undervalued.
The current stock price of Rp82.00 is trading 52.5% below its estimated GF Value™ of Rp172.53.
GuruFocus considers PT Gema Graharana Tbk to be Possible Value Trap.
Key valuation signals for ISX:GEMA:
Altman Z-Score: 1.81 (17% below median its 10-year median of 2.17)
GF Value™: Rp172.53 vs. price of Rp82.00 (52.5% below fair value)
Industry Position: 34.9% below the Furnishings, Fixtures & Appliances median (#318 of 430)
No single metric tells the full story. See the ISX:GEMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Gema Graha Sarana Tbk operates as a manufacturer of furniture and interior design services in Indonesia. Its operating segments include Interior, Furniture, Mechanical and Electrical; and Distribution and Trading. The company generates the majority of its revenue from the Interior, Furniture, Mechanical and Electrical segment.
58GF Score
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