PT Ketrosden Triasmitra (ISX:KETR) Altman Z-Score: 2.32 (As of Jul. 18, 2026) — 23% Above Median

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ISX:KETR PT Ketrosden Triasmitra ISX:KETR
91 GF Score
Price Rp525.00
GF Value Rp419.72
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is PT Ketrosden Triasmitra Altman Z-Score?

PT Ketrosden Triasmitra ISX:KETR -2.78% 91 Altman Z-Score is 2.32 as of Jul. 18, 2026, which is 23% above its 10-year median of 1.88. GuruFocus rates ISX:KETR with a GF Score™ of 91/100 and a GF Value™ of Rp419.72 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 2,462 Hardware companies, PT Ketrosden Triasmitra ranks worse than 70.63% 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 2.32 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 Ketrosden Triasmitra has a Altman Z-Score of 2.32, indicating it is in Grey Zones. This implies that PT Ketrosden Triasmitra 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 Ketrosden Triasmitra's Altman Z-Score or its related term are showing as below:

ISX:KETR' s Altman Z-Score Range Over the Past 10 Years
Min: 1.28   Med: 1.88   Max: 2.59
Current: 2.32

During the past 7 years, PT Ketrosden Triasmitra's highest Altman Z-Score was 2.59. The lowest was 1.28. And the median was 1.88.


PT Ketrosden Triasmitra  (ISX:KETR) 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 Ketrosden Triasmitra Altman Z-Score Related Terms


PT Ketrosden Triasmitra Altman Z-Score Historical Data

* Premium members only.

The historical data trend for PT Ketrosden Triasmitra'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 Ketrosden Triasmitra Altman Z-Score Chart

PT Ketrosden Triasmitra Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 0.00 1.92 1.28 1.44 2.59

PT Ketrosden Triasmitra Quarterly Data
Dec19 Dec20 Mar21 Dec21 Mar22 Dec22 Dec23 Dec24 Mar25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.44 0.00 1.83 2.59 2.10

ISX:KETR vs CSCO, CIEN, MSI: Altman Z-Score Comparison

For the Communication Equipment subindustry, PT Ketrosden Triasmitra'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 Ketrosden Triasmitra Altman Z-Score vs Hardware Industry

For the Hardware industry and Technology sector, PT Ketrosden Triasmitra's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where PT Ketrosden Triasmitra's Altman Z-Score falls into.


ISX:KETR
91GF Score
PT Ketrosden Triasmitra ISX:KETR
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Ketrosden Triasmitra 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 Ketrosden Triasmitra'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*0.3746+1.4*0.3716+3.3*0.0578+0.6*1.557+1.0*0.225
=2.32

* 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 Rp2,170,822 Mil.
Total Current Assets was Rp1,425,200 Mil.
Total Current Liabilities was Rp611,941 Mil.
Retained Earnings was Rp806,589 Mil.
Pre-Tax Income was 52135.074 + 8348.817 + 0 + 20282.155 = Rp80,766 Mil.
Interest Expense was -14068.274 + -14139.687 + 0 + -16571.357 = Rp-44,779 Mil.
Revenue was 229808.826 + 143155.011 + 0 + 115573.911 = Rp488,538 Mil.
Market Cap (Today) was Rp1,491,663 Mil.
Total Liabilities was Rp958,021 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
=(1425200.033 - 611941.263)/2170821.93
=0.3746

X2=Retained Earnings/Total Assets
=806588.604/2170821.93
=0.3716

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(80766.046 - -44779.318)/2170821.93
=0.0578

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1491662.990/958021.495
=1.557

X5=Revenue/Total Assets
=488537.748/2170821.93
=0.225

The zones of discrimination were as such:

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

PT Ketrosden Triasmitra has a Altman Z-Score of 2.32 indicating it is in Grey 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 2.32 mean?
PT Ketrosden Triasmitra (ISX:KETR) has a Altman Z-Score of 2.32 as of Jul. 18, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Ketrosden Triasmitra and its competitors. This is 23% above median its historical median of 1.88. Over the past decade, PT Ketrosden Triasmitra's Altman Z-Score has ranged from 1.28 to 2.59. According to the industry distribution chart, PT Ketrosden Triasmitra ranks #1739 out of 2462 companies in the Hardware industry, placing it in the top 70.6%.
Is PT Ketrosden Triasmitra's Altman Z-Score too high?
PT Ketrosden Triasmitra's current Altman Z-Score of 2.32 is 23% above median its 10-year median of 1.88. Over the past 10 years, this metric has ranged from a low of 1.28 to a high of 2.59. The Hardware industry median Altman Z-Score is 3.57. PT Ketrosden Triasmitra's value of 2.32 is 34.9% below this industry median. Based on the distribution chart, PT Ketrosden Triasmitra ranks #1739 out of 2462 companies in the Hardware industry, which is below the industry midpoint. Overall, PT Ketrosden Triasmitra has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Ketrosden Triasmitra's Altman Z-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, PT Ketrosden Triasmitra ranks #1739 out of 2462 companies for Altman Z-Score. This places PT Ketrosden Triasmitra in the lower half of its industry. The industry median Altman Z-Score is 3.57. PT Ketrosden Triasmitra's value of 2.32 is 34.9% below this benchmark. Historically, PT Ketrosden Triasmitra's own Altman Z-Score has ranged from 1.28 to 2.59 over the past decade. While the company's 10-year median is 1.88 vs. the industry median of 3.57, PT Ketrosden Triasmitra 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.57, based on 2,462 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 Ketrosden Triasmitra's current Altman Z-Score of 2.32 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 Ketrosden Triasmitra and its competitors. For the Hardware industry, the median Altman Z-Score is 3.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Ketrosden Triasmitra's current Altman Z-Score is 2.32, which is 23% above median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Ketrosden Triasmitra stock overvalued right now?
Based on GuruFocus' analysis, PT Ketrosden Triasmitra (ISX:KETR) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp419.72, compared to a current price of Rp525.00 — trading 25.1% above its estimated fair value. The current Altman Z-Score is 2.32, which is 23% above median its 10-year median of 1.88 and 34.9% below the Hardware industry median of 3.57. PT Ketrosden Triasmitra's overall GF Score™ is 91/100 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 Ketrosden Triasmitra (ISX:KETR), the current Altman Z-Score is 2.32 as of Jul. 18, 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 Ketrosden Triasmitra (ISX:KETR) Overvalued in 2026?

Based on GuruFocus' analysis, PT Ketrosden Triasmitra stock appears to be overvalued. The current stock price of Rp525.00 is trading 25.1% above its estimated GF Value™ of Rp419.72. GuruFocus considers PT Ketrosden Triasmitra to be Modestly Overvalued.

Key valuation signals for ISX:KETR:

  • Altman Z-Score: 2.32 (23% above median its 10-year median of 1.88)
  • GF Value™: Rp419.72 vs. price of Rp525.00 (25.1% above fair value)
  • GF Score™: 91/100 with 5 warning signs
  • Industry Position: 34.9% below the Hardware median (#1739 of 2462)

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


PT Ketrosden Triasmitra Business Description

Address Jalan DI Panjaitan Kav 2, Gedung Meta Epsi Lt. 2, Meta Epsi Building, 2nd FLoor, Rawa Bunga, Jatinegara, East Jakarta, Jakarta, IDN, 13350
PT Ketrosden Triasmitra is a telecommunication infrastructure company that specializes in the deployment, ownership, maintenance, monitoring and commercialization of both submarine and inland fiber optic backbone systems. The company's business is classified into three areas: Sales of Fiber Optic Cable System, Construction Services, and Maintenance and Management of Fiber Optic Cable System. The majority of the revenue is derived from the Construction Services and Sales of Fiber Cable System.
91GF Score

Get the complete analysis for ISX:KETR

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

Rp525.00
Price
Rp419.72
GF Value