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PT Golden Energy Mines TbkISX:GEMS +1.12%90 Altman Z-Score is 6.85 as of Aug. 25, 2026, which is 1% above its 10-year median of 6.77. GuruFocus rates ISX:GEMS with a GF Score™ of 90/100 and a GF Value™ of Rp7,791.66 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 129 Other Energy Sources companies, PT Golden Energy Mines Tbk ranks better than 84.5% 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 6.82 is strong.
PT Golden Energy Mines Tbk has a Altman Z-Score of 6.85, 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 Golden Energy Mines Tbk's Altman Z-Score or its related term are showing as below:
ISX:GEMS'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.5 Med: 6.77 Max: 10.48
Current: 6.82
During the past 13 years, PT Golden Energy Mines Tbk's highest Altman Z-Score was 10.48. The lowest was 3.50. And the median was 6.77.
PT Golden Energy Mines Tbk (ISX:GEMS) 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 Golden Energy Mines Tbk Altman Z-Score Competitor Comparison
For the Thermal Coal subindustry, PT Golden Energy Mines 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 Golden Energy Mines Tbk Altman Z-Score vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, PT Golden Energy Mines Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Golden Energy Mines Tbk's Altman Z-Score falls into.
PT Golden Energy Mines 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.
Trailing Twelve Months (TTM) ended in Mar. 2026: Total Assets was Rp20,758,587 Mil. Total Current Assets was Rp10,134,588 Mil. Total Current Liabilities was Rp5,739,779 Mil. Retained Earnings was Rp9,385,600 Mil. Pre-Tax Income was 1782762.532 + 1551674.305 + 1026924.855 + 852511.526 = Rp5,213,873 Mil. Interest Expense was -24208.976 + -13800.086 + -44489.567 + -18657.66 = Rp-101,156 Mil. Revenue was 9862973.81 + 11298043.429 + 9795876.255 + 8090607.075 = Rp39,047,501 Mil. Market Cap (Today) was Rp39,852,942 Mil. Total Liabilities was Rp7,377,575 Mil.
* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.
PT Golden Energy Mines Tbk (ISX:GEMS) has a Altman Z-Score of 6.85 as of Aug. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Golden Energy Mines Tbk and its competitors. This is near median its historical median of 6.77. Over the past decade, PT Golden Energy Mines Tbk's Altman Z-Score has ranged from 3.50 to 10.48. According to the industry distribution chart, PT Golden Energy Mines Tbk ranks #20 out of 129 companies in the Other Energy Sources industry, placing it in the top 15.5%.
Is PT Golden Energy Mines Tbk's Altman Z-Score too high?
PT Golden Energy Mines Tbk's current Altman Z-Score of 6.85 is near median its 10-year median of 6.77. Over the past 10 years, this metric has ranged from a low of 3.50 to a high of 10.48. The Other Energy Sources industry median Altman Z-Score is 2.24. PT Golden Energy Mines Tbk's value of 6.85 is 205.8% above this industry median. Based on the distribution chart, PT Golden Energy Mines Tbk ranks #20 out of 129 companies in the Other Energy Sources industry, which is in the top quartile — a strong position relative to peers. Overall, PT Golden Energy Mines Tbk has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Golden Energy Mines Tbk's Altman Z-Score compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Golden Energy Mines Tbk ranks #20 out of 129 companies for Altman Z-Score. This places PT Golden Energy Mines Tbk in the top 16% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.24. PT Golden Energy Mines Tbk's value of 6.85 is 205.8% above this benchmark. Historically, PT Golden Energy Mines Tbk's own Altman Z-Score has ranged from 3.50 to 10.48 over the past decade. While the company's 10-year median is 6.77 vs. the industry median of 2.24, PT Golden Energy Mines 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 an Other Energy Sources company?
The median Altman Z-Score among Other Energy Sources companies is 2.24, based on 129 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 Golden Energy Mines Tbk's current Altman Z-Score of 6.85 is 205.8% 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 Golden Energy Mines Tbk and its competitors. For the Other Energy Sources industry, the median Altman Z-Score is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Golden Energy Mines Tbk's current Altman Z-Score is 6.85, which is near median its own 10-year median of 6.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Golden Energy Mines Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Golden Energy Mines Tbk (ISX:GEMS) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp7,791.66, compared to a current price of Rp6,775.00 — trading 13% below its estimated fair value. The current Altman Z-Score is 6.85, which is near median its 10-year median of 6.77 and 205.8% above the Other Energy Sources industry median of 2.24. PT Golden Energy Mines Tbk's overall GF Score™ is 90/100 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 Golden Energy Mines Tbk (ISX:GEMS), the current Altman Z-Score is 6.85 as of Aug. 25, 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 Golden Energy Mines Tbk (ISX:GEMS) Overvalued in 2026?
Based on GuruFocus' analysis, PT Golden Energy Mines Tbk stock appears to be undervalued.
The current stock price of Rp6,775.00 is trading 13% below its estimated GF Value™ of Rp7,791.66.
GuruFocus considers PT Golden Energy Mines Tbk to be Modestly Undervalued.
Key valuation signals for ISX:GEMS:
Altman Z-Score: 6.85 (near median its 10-year median of 6.77)
GF Value™: Rp7,791.66 vs. price of Rp6,775.00 (13% below fair value)
Industry Position: 205.8% above the Other Energy Sources median (#20 of 129)
No single metric tells the full story. See the ISX:GEMS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Golden Energy Mines Tbk is an Indonesian-based company. Along with its subsidiary, it is engaged in the mining and coal trading business. The company is structured into two segments, namely, the Coal Mining Segment and the Coal Trading Segment. Its principal activities include the exploration, mining, processing, and marketing of thermal coal. The company operates in five concession areas: South Kalimantan, Central Kalimantan, Jambi, and South Sumatra. The majority of its revenue is derived from the Coal Mining segment.
90GF Score
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