PT Nusantarawit Sejahtera Tbk (ISX:NSSS) Altman Z-Score: 5.55 (As of Jul. 03, 2026) — 232% Above Median


ISX:NSSS PT Nusantara Sawit Sejahtera Tbk ISX:NSSS
89 GF Score
Price Rp610.00
GF Value Rp412.68
Valuation Significantly Overvalued
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What is PT Nusantarawit Sejahtera Tbk Altman Z-Score?

PT Nusantarawit Sejahtera Tbk ISX:NSSS +4.27% 89 Altman Z-Score is 5.55 as of Jul. 03, 2026, which is 232% above its 10-year median of 1.67. GuruFocus rates ISX:NSSS with a GF Score™ of 89/100 and a GF Value™ of Rp412.68 (Significantly Overvalued). Among 1,928 Consumer Packaged Goods companies, PT Nusantarawit Sejahtera Tbk ranks better than 77.02% 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 5.19 is strong.

PT Nusantarawit Sejahtera Tbk has a Altman Z-Score of 5.55, 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 Nusantarawit Sejahtera Tbk's Altman Z-Score or its related term are showing as below:

ISX:NSSS' s Altman Z-Score Range Over the Past 10 Years
Min: 1.21   Med: 1.67   Max: 7.74
Current: 5.19

During the past 7 years, PT Nusantarawit Sejahtera Tbk's highest Altman Z-Score was 7.74. The lowest was 1.21. And the median was 1.67.


PT Nusantarawit Sejahtera Tbk  (ISX:NSSS) 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 Nusantarawit Sejahtera Tbk Altman Z-Score Related Terms


PT Nusantarawit Sejahtera Tbk Altman Z-Score Historical Data

* Premium members only.

The historical data trend for PT Nusantarawit Sejahtera 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 Nusantarawit Sejahtera Tbk Altman Z-Score Chart

PT Nusantarawit Sejahtera Tbk Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 0.00 0.00 1.33 2.58 7.31

PT Nusantarawit Sejahtera Tbk Quarterly Data
Dec19 Dec20 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 2.97 3.51 4.83 7.31 7.74

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

For the Farm Products subindustry, PT Nusantarawit Sejahtera 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 Nusantarawit Sejahtera Tbk Altman Z-Score vs Consumer Packaged Goods Industry

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

* The bar in red indicates where PT Nusantarawit Sejahtera Tbk's Altman Z-Score falls into.


ISX:NSSS
89GF Score
PT Nusantara Sawit Sejahtera Tbk ISX:NSSS
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Nusantarawit Sejahtera 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 Nusantarawit Sejahtera 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*0.0977+1.4*0.1502+3.3*0.211+0.6*6.739+1.0*0.485
=5.55

* 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 Rp4,236,504 Mil.
Total Current Assets was Rp1,257,497 Mil.
Total Current Liabilities was Rp843,411 Mil.
Retained Earnings was Rp636,493 Mil.
Pre-Tax Income was 171787 + 101136.726 + 277533.996 + 200906.278 = Rp751,364 Mil.
Interest Expense was -33404 + -35337.953 + -36940.737 + -36665.31 = Rp-142,348 Mil.
Revenue was 517129 + 522279.838 + 544904.771 + 470201.392 = Rp2,054,515 Mil.
Market Cap (Today) was Rp14,518,957 Mil.
Total Liabilities was Rp2,154,459 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
=(1257497 - 843411)/4236504
=0.0977

X2=Retained Earnings/Total Assets
=636493/4236504
=0.1502

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(751364 - -142348)/4236504
=0.211

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=14518956.873/2154459
=6.739

X5=Revenue/Total Assets
=2054515.001/4236504
=0.485

The zones of discrimination were as such:

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

PT Nusantarawit Sejahtera Tbk has a Altman Z-Score of 5.55 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 5.55 mean?
PT Nusantarawit Sejahtera Tbk (ISX:NSSS) has a Altman Z-Score of 5.55 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Nusantarawit Sejahtera Tbk and its competitors. This is 232% above median its historical median of 1.67. Over the past decade, PT Nusantarawit Sejahtera Tbk's Altman Z-Score has ranged from 1.21 to 7.74. According to the industry distribution chart, PT Nusantarawit Sejahtera Tbk ranks #443 out of 1928 companies in the Consumer Packaged Goods industry, placing it in the top 23%.
Is PT Nusantarawit Sejahtera Tbk's Altman Z-Score too high?
PT Nusantarawit Sejahtera Tbk's current Altman Z-Score of 5.55 is 232% above median its 10-year median of 1.67. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 7.74. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. PT Nusantarawit Sejahtera Tbk's value of 5.55 is 96.1% above this industry median. Based on the distribution chart, PT Nusantarawit Sejahtera Tbk ranks #443 out of 1928 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PT Nusantarawit Sejahtera Tbk has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Nusantarawit Sejahtera Tbk's Altman Z-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, PT Nusantarawit Sejahtera Tbk ranks #443 out of 1928 companies for Altman Z-Score. This places PT Nusantarawit Sejahtera Tbk in the top 23% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.83. PT Nusantarawit Sejahtera Tbk's value of 5.55 is 96.1% above this benchmark. Historically, PT Nusantarawit Sejahtera Tbk's own Altman Z-Score has ranged from 1.21 to 7.74 over the past decade. While the company's 10-year median is 1.67 vs. the industry median of 2.83, PT Nusantarawit Sejahtera 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 Nusantarawit Sejahtera Tbk's current Altman Z-Score of 5.55 is 96.1% 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 Nusantarawit Sejahtera 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 Nusantarawit Sejahtera Tbk's current Altman Z-Score is 5.55, which is 232% above median its own 10-year median of 1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Nusantarawit Sejahtera Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Nusantarawit Sejahtera Tbk (ISX:NSSS) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp412.68, compared to a current price of Rp610.00 — trading 47.8% above its estimated fair value. The current Altman Z-Score is 5.55, which is 232% above median its 10-year median of 1.67 and 96.1% above the Consumer Packaged Goods industry median of 2.83. PT Nusantarawit Sejahtera Tbk's overall GF Score™ is 89/100. 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 Nusantarawit Sejahtera Tbk (ISX:NSSS), the current Altman Z-Score is 5.55 as of Jul. 03, 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 Nusantarawit Sejahtera Tbk (ISX:NSSS) Overvalued in 2026?

Based on GuruFocus' analysis, PT Nusantarawit Sejahtera Tbk stock appears to be overvalued. The current stock price of Rp610.00 is trading 47.8% above its estimated GF Value™ of Rp412.68. GuruFocus considers PT Nusantarawit Sejahtera Tbk to be Significantly Overvalued.

Key valuation signals for ISX:NSSS:

  • Altman Z-Score: 5.55 (232% above median its 10-year median of 1.67)
  • GF Value™: Rp412.68 vs. price of Rp610.00 (47.8% above fair value)
  • GF Score™: 89/100
  • Industry Position: 96.1% above the Consumer Packaged Goods median (#443 of 1928)

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


PT Nusantarawit Sejahtera Tbk Business Description

Address Jalan H.R. Rasuna Said Kav.1, Menara Imperium Lantai 20, Suite C, Kelurahan Guntur, Kecamatan Setiabudi, Kota Administrasi, Jakarta Selatan, IDN, 12980
PT Nusantara Sawit Sejahtera Tbk is a company engaged in the business of other management consulting activities which oversees several other companies in the upstream oil palm plantation sector with five plantation areas located in Central Kalimantan, specifically for the sale of palm oil products such as; Fresh Fruit Bunches, Crude Palm Oil, and Palm Kernel.
89GF Score

Get the complete analysis for ISX:NSSS

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

Rp610.00
Price
Rp412.68
GF Value