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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 0.33 is in distress zone. This implies bankruptcy possibility in the next two years.
PT Garuda Maintenance Facility Aero Asia Tbk has a Altman Z-Score of 0.34, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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.
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 Garuda Maintenance Facility Aero Asia Tbk Altman Z-Score Chart
PT Garuda Maintenance Facility Aero Asia Tbk Annual Data
ISX:GMFI vs SPCX, GE, RTX: Altman Z-Score Comparison
For the Aerospace & Defense subindustry, PT Garuda Maintenance Facility Aero Asia 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 Garuda Maintenance Facility Aero Asia Tbk Altman Z-Score vs Aerospace & Defense Industry
PT Garuda Maintenance Facility Aero Asia 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 Garuda Maintenance Facility Aero Asia Tbk (ISX:GMFI) has a Altman Z-Score of 0.34 as of Jul. 31, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Garuda Maintenance Facility Aero Asia Tbk and its competitors. According to the industry distribution chart, PT Garuda Maintenance Facility Aero Asia Tbk ranks #308 out of 335 companies in the Aerospace & Defense industry, placing it in the top 91.9%.
Is PT Garuda Maintenance Facility Aero Asia Tbk's Altman Z-Score too high?
PT Garuda Maintenance Facility Aero Asia Tbk's current Altman Z-Score is 0.34. The Aerospace & Defense industry median Altman Z-Score is 3.38. PT Garuda Maintenance Facility Aero Asia Tbk's value of 0.34 is 89.9% below this industry median. Based on the distribution chart, PT Garuda Maintenance Facility Aero Asia Tbk ranks #308 out of 335 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, PT Garuda Maintenance Facility Aero Asia Tbk has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Garuda Maintenance Facility Aero Asia Tbk's Altman Z-Score compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, PT Garuda Maintenance Facility Aero Asia Tbk ranks #308 out of 335 companies for Altman Z-Score. This places PT Garuda Maintenance Facility Aero Asia Tbk in the lower half of its industry. The industry median Altman Z-Score is 3.38. PT Garuda Maintenance Facility Aero Asia Tbk's value of 0.34 is 89.9% below this benchmark. 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 Aerospace & Defense company?
The median Altman Z-Score among Aerospace & Defense companies is 3.38, based on 335 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 Garuda Maintenance Facility Aero Asia Tbk's current Altman Z-Score of 0.34 is 89.9% 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 Garuda Maintenance Facility Aero Asia Tbk and its competitors. For the Aerospace & Defense industry, the median Altman Z-Score is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Garuda Maintenance Facility Aero Asia Tbk's current Altman Z-Score is 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Garuda Maintenance Facility Aero Asia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Garuda Maintenance Facility Aero Asia Tbk (ISX:GMFI) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp32.61, compared to a current price of Rp54.00 — trading 65.6% above its estimated fair value. The current Altman Z-Score is 0.34 and 89.9% below the Aerospace & Defense industry median of 3.38. PT Garuda Maintenance Facility Aero Asia Tbk's overall GF Score™ is 78/100 with 2 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 Garuda Maintenance Facility Aero Asia Tbk (ISX:GMFI), the current Altman Z-Score is 0.34 as of Jul. 31, 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 Garuda Maintenance Facility Aero Asia Tbk (ISX:GMFI) Overvalued in 2026?
Based on GuruFocus' analysis, PT Garuda Maintenance Facility Aero Asia Tbk stock appears to be overvalued.
The current stock price of Rp54.00 is trading 65.6% above its estimated GF Value™ of Rp32.61.
GuruFocus considers PT Garuda Maintenance Facility Aero Asia Tbk to be Significantly Overvalued.
Key valuation signals for ISX:GMFI:
Altman Z-Score: 0.34
GF Value™: Rp32.61 vs. price of Rp54.00 (65.6% above fair value)
Industry Position: 89.9% below the Aerospace & Defense median (#308 of 335)
No single metric tells the full story. See the ISX:GMFI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Garuda Maintenance Facility Aero Asia Tbk is an Indonesia-based aircraft maintenance company. The company offers various services including line maintenance, base maintenance, component services, engineering services, components maintenance and calibration, material services, logistics, cabin maintenance services, and other services. The company also offers consulting services, training, and provision of experts in the field of aircraft maintenance, components, and engines. The company's operating segments are repairs and maintenance airframe, engine, and component segment, which is the revenue driver for the company; Line maintenance and technical ground handling segment; and other operations.
78GF Score
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