PT Jhonlin Agro Raya Tbk (ISX:JARR) Altman Z-Score: 7.18 (As of Jul. 05, 2026) — 172% Above Median


ISX:JARR PT Jhonlin Agro Raya Tbk ISX:JARR
70 GF Score
Price Rp1,840.00
GF Value Rp334.34
Valuation Significantly Overvalued
! 2 Warning Signs
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What is PT Jhonlin Agro Raya Tbk Altman Z-Score?

PT Jhonlin Agro Raya Tbk ISX:JARR +2.79% 70 Altman Z-Score is 7.18 as of Jul. 05, 2026, which is 172% above its 10-year median of 2.64. GuruFocus rates ISX:JARR with a GF Score™ of 70/100 and a GF Value™ of Rp334.34 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,928 Consumer Packaged Goods companies, PT Jhonlin Agro Raya Tbk ranks better than 86.88% 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 7.18 is strong.

PT Jhonlin Agro Raya Tbk has a Altman Z-Score of 7.18, 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 Jhonlin Agro Raya Tbk's Altman Z-Score or its related term are showing as below:

ISX:JARR' s Altman Z-Score Range Over the Past 10 Years
Min: 2.19   Med: 2.64   Max: 13.28
Current: 7.18

During the past 7 years, PT Jhonlin Agro Raya Tbk's highest Altman Z-Score was 13.28. The lowest was 2.19. And the median was 2.64.


PT Jhonlin Agro Raya Tbk  (ISX:JARR) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


PT Jhonlin Agro Raya Tbk Altman Z-Score Related Terms


PT Jhonlin Agro Raya Tbk Altman Z-Score Historical Data

* Premium members only.

The historical data trend for PT Jhonlin Agro Raya 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.

PT Jhonlin Agro Raya Tbk Altman Z-Score Chart

PT Jhonlin Agro Raya Tbk Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 0.00 2.45 2.44 2.51 10.58

PT Jhonlin Agro Raya Tbk Quarterly Data
Dec20 Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.81 3.00 13.28 10.58 7.44

ISX:JARR vs ADM, BG, TSN: Altman Z-Score Comparison

For the Farm Products subindustry, PT Jhonlin Agro Raya 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 Jhonlin Agro Raya Tbk Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Jhonlin Agro Raya Tbk's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where PT Jhonlin Agro Raya Tbk's Altman Z-Score falls into.


ISX:JARR
70GF Score
PT Jhonlin Agro Raya Tbk ISX:JARR
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Jhonlin Agro Raya 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.

PT Jhonlin Agro Raya Tbk's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.365+1.4*0.1564+3.3*0.1117+0.6*8.4838+1.0*1.0621
=7.18

* 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 Rp3,960,311 Mil.
Total Current Assets was Rp1,821,295 Mil.
Total Current Liabilities was Rp375,780 Mil.
Retained Earnings was Rp619,232 Mil.
Pre-Tax Income was 52989.052 + 56410.314 + 81552.985 + 129058.618 = Rp320,011 Mil.
Interest Expense was -30257.167 + -31410.424 + -31633.057 + -29142.125 = Rp-122,443 Mil.
Revenue was 776514.418 + 1190186.053 + 1047847.719 + 1191765.58 = Rp4,206,314 Mil.
Market Cap (Today) was Rp16,984,424 Mil.
Total Liabilities was Rp2,001,977 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(1821294.509 - 375780.31)/3960310.763
=0.365

X2=Retained Earnings/Total Assets
=619232.424/3960310.763
=0.1564

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(320010.969 - -122442.773)/3960310.763
=0.1117

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=16984423.692/2001976.723
=8.4838

X5=Revenue/Total Assets
=4206313.77/3960310.763
=1.0621

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

PT Jhonlin Agro Raya Tbk has a Altman Z-Score of 7.18 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 7.18 mean?
PT Jhonlin Agro Raya Tbk (ISX:JARR) has a Altman Z-Score of 7.18 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Jhonlin Agro Raya Tbk and its competitors. This is 172% above median its historical median of 2.64. Over the past decade, PT Jhonlin Agro Raya Tbk's Altman Z-Score has ranged from 2.19 to 13.28. According to the industry distribution chart, PT Jhonlin Agro Raya Tbk ranks #253 out of 1928 companies in the Consumer Packaged Goods industry, placing it in the top 13.1%.
Is PT Jhonlin Agro Raya Tbk's Altman Z-Score too high?
PT Jhonlin Agro Raya Tbk's current Altman Z-Score of 7.18 is 172% above median its 10-year median of 2.64. Over the past 10 years, this metric has ranged from a low of 2.19 to a high of 13.28. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. PT Jhonlin Agro Raya Tbk's value of 7.18 is 153.7% above this industry median. Based on the distribution chart, PT Jhonlin Agro Raya Tbk ranks #253 out of 1928 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PT Jhonlin Agro Raya Tbk has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Jhonlin Agro Raya Tbk's Altman Z-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, PT Jhonlin Agro Raya Tbk ranks #253 out of 1928 companies for Altman Z-Score. This places PT Jhonlin Agro Raya Tbk in the top 13% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.83. PT Jhonlin Agro Raya Tbk's value of 7.18 is 153.7% above this benchmark. Historically, PT Jhonlin Agro Raya Tbk's own Altman Z-Score has ranged from 2.19 to 13.28 over the past decade. While the company's 10-year median is 2.64 vs. the industry median of 2.83, PT Jhonlin Agro Raya 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.83, based on 1,928 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 Jhonlin Agro Raya Tbk's current Altman Z-Score of 7.18 is 153.7% 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 Jhonlin Agro Raya Tbk and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Jhonlin Agro Raya Tbk's current Altman Z-Score is 7.18, which is 172% above median its own 10-year median of 2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Jhonlin Agro Raya Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Jhonlin Agro Raya Tbk (ISX:JARR) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp334.34, compared to a current price of Rp1,840.00 — trading 450.3% above its estimated fair value. The current Altman Z-Score is 7.18, which is 172% above median its 10-year median of 2.64 and 153.7% above the Consumer Packaged Goods industry median of 2.83. PT Jhonlin Agro Raya Tbk's overall GF Score™ is 70/100 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 Jhonlin Agro Raya Tbk (ISX:JARR), the current Altman Z-Score is 7.18 as of Jul. 05, 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 Jhonlin Agro Raya Tbk (ISX:JARR) Overvalued in 2026?

Based on GuruFocus' analysis, PT Jhonlin Agro Raya Tbk stock appears to be overvalued. The current stock price of Rp1,840.00 is trading 450.3% above its estimated GF Value™ of Rp334.34. GuruFocus considers PT Jhonlin Agro Raya Tbk to be Significantly Overvalued.

Key valuation signals for ISX:JARR:

  • Altman Z-Score: 7.18 (172% above median its 10-year median of 2.64)
  • GF Value™: Rp334.34 vs. price of Rp1,840.00 (450.3% above fair value)
  • GF Score™: 70/100 with 2 warning signs
  • Industry Position: 153.7% above the Consumer Packaged Goods median (#253 of 1928)

No single metric tells the full story. See the ISX:JARR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Jhonlin Agro Raya Tbk Business Description

Address Jl. Kodeco KM 1, Gunung Antasari Village, Simpang Empat District, Tanah Bumbu Regency, South Kalimantan, IDN, 72213
PT Jhonlin Agro Raya Tbk is engaged in integrated palm oil plantation and processing. The company operates in two segments Biodiesel and Fresh fruit bunches. The majority of revenue is derived from the Biodiesel segment, which is engaged in the production of biodiesel.
70GF Score

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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp1,840.00
Price
Rp334.34
GF Value