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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.
Good Sign:
Altman Z-score of 35.44 is strong.
PT Minna Padi Investama Sekuritas Tbk has a Altman Z-Score of 35.94, 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.
PT Minna Padi Investama Sekuritas Tbk (ISX:PADI) 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 Minna Padi Investama Sekuritas Tbk Altman Z-Score Chart
ISX:PADI vs MS, GS, SCHW: Altman Z-Score Comparison
For the Capital Markets subindustry, PT Minna Padi Investama Sekuritas 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 Minna Padi Investama Sekuritas Tbk Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, PT Minna Padi Investama Sekuritas Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Minna Padi Investama Sekuritas Tbk's Altman Z-Score falls into.
PT Minna Padi Investama Sekuritas 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 Minna Padi Investama Sekuritas Tbk (ISX:PADI) has a Altman Z-Score of 35.94 as of Sep. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Minna Padi Investama Sekuritas Tbk and its competitors. This is 167% above median its historical median of 13.44. According to the industry distribution chart, PT Minna Padi Investama Sekuritas Tbk ranks #62 out of 661 companies in the Capital Markets industry, placing it in the top 9.4%.
Is PT Minna Padi Investama Sekuritas Tbk's Altman Z-Score too high?
PT Minna Padi Investama Sekuritas Tbk's current Altman Z-Score of 35.94 is 167% above median its 10-year median of 13.44. The Capital Markets industry median Altman Z-Score is 2.60. PT Minna Padi Investama Sekuritas Tbk's value of 35.94 is 1282.3% above this industry median. Based on the distribution chart, PT Minna Padi Investama Sekuritas Tbk ranks #62 out of 661 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, PT Minna Padi Investama Sekuritas Tbk has a GF Score™ of 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Minna Padi Investama Sekuritas Tbk's Altman Z-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, PT Minna Padi Investama Sekuritas Tbk ranks #62 out of 661 companies for Altman Z-Score. This places PT Minna Padi Investama Sekuritas Tbk in the top 9% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.60. PT Minna Padi Investama Sekuritas Tbk's value of 35.94 is 1282.3% above this benchmark. While the company's 10-year median is 13.44 vs. the industry median of 2.60, PT Minna Padi Investama Sekuritas 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 Capital Markets company?
The median Altman Z-Score among Capital Markets companies is 2.60, based on 661 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 Minna Padi Investama Sekuritas Tbk's current Altman Z-Score of 35.94 is 1282.3% 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 Minna Padi Investama Sekuritas Tbk and its competitors. For the Capital Markets industry, the median Altman Z-Score is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Minna Padi Investama Sekuritas Tbk's current Altman Z-Score is 35.94, which is 167% above median its own 10-year median of 13.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Minna Padi Investama Sekuritas Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Minna Padi Investama Sekuritas Tbk (ISX:PADI) is currently considered Fairly Valued. The stock's GF Value™ is Rp66.96, compared to a current price of Rp73.00 — trading 9% above its estimated fair value. The current Altman Z-Score is 35.94, which is 167% above median its 10-year median of 13.44 and 1282.3% above the Capital Markets industry median of 2.60. PT Minna Padi Investama Sekuritas Tbk's overall GF Score™ is 50/100. 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 Minna Padi Investama Sekuritas Tbk (ISX:PADI), the current Altman Z-Score is 35.94 as of Sep. 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 Minna Padi Investama Sekuritas Tbk (ISX:PADI) Overvalued in 2026?
Based on GuruFocus' analysis, PT Minna Padi Investama Sekuritas Tbk stock appears to be overvalued.
The current stock price of Rp73.00 is trading 9% above its estimated GF Value™ of Rp66.96.
GuruFocus considers PT Minna Padi Investama Sekuritas Tbk to be Fairly Valued.
Key valuation signals for ISX:PADI:
Altman Z-Score: 35.94 (167% above median its 10-year median of 13.44)
GF Value™: Rp66.96 vs. price of Rp73.00 (9% above fair value)
Industry Position: 1282.3% above the Capital Markets median (#62 of 661)
No single metric tells the full story. See the ISX:PADI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Minna Padi Investama Sekuritas Tbk is engaged in managing public funds for obtaining optimal investment returns. In managing public funds, the company offers a variety of quality products and services, such as Mutual Funds, which are investment instruments intended not only for large capital owners but also accessible to the general public. It also provides Brokerage and Underwriting services. The company's revenues come from brokerage, underwriting, and net dividend and interest income.
50GF Score
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