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 3.3 is strong.
PT Provident Investasi Bersama Tbk has a Altman Z-Score of 3.25, 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.
ISX:PALM'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.96 Med: 2.63 Max: 1859.73
Current: 3.3
During the past 13 years, PT Provident Investasi Bersama Tbk's highest Altman Z-Score was 1859.73. The lowest was -0.96. And the median was 2.63.
PT Provident Investasi Bersama Tbk (ISX:PALM) 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 Provident Investasi Bersama Tbk Altman Z-Score Chart
ISX:PALM vs BLK, BX, KKR: Altman Z-Score Comparison
For the Asset Management subindustry, PT Provident Investasi Bersama 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 Provident Investasi Bersama Tbk Altman Z-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, PT Provident Investasi Bersama Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Provident Investasi Bersama Tbk's Altman Z-Score falls into.
PT Provident Investasi Bersama 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 Provident Investasi Bersama Tbk (ISX:PALM) has a Altman Z-Score of 3.25 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Provident Investasi Bersama Tbk and its competitors. This is 24% above median its historical median of 2.63. According to the industry distribution chart, PT Provident Investasi Bersama Tbk ranks #332 out of 645 companies in the Asset Management industry, placing it in the top 51.5%.
Is PT Provident Investasi Bersama Tbk's Altman Z-Score too high?
PT Provident Investasi Bersama Tbk's current Altman Z-Score of 3.25 is 24% above median its 10-year median of 2.63. The Asset Management industry median Altman Z-Score is 3.53. PT Provident Investasi Bersama Tbk's value of 3.25 is 7.9% below this industry median. Based on the distribution chart, PT Provident Investasi Bersama Tbk ranks #332 out of 645 companies in the Asset Management industry, which is below the industry midpoint. Overall, PT Provident Investasi Bersama Tbk has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Provident Investasi Bersama Tbk's Altman Z-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, PT Provident Investasi Bersama Tbk ranks #332 out of 645 companies for Altman Z-Score. This places PT Provident Investasi Bersama Tbk in the lower half of its industry. The industry median Altman Z-Score is 3.53. PT Provident Investasi Bersama Tbk's value of 3.25 is 7.9% below this benchmark. While the company's 10-year median is 2.63 vs. the industry median of 3.53, PT Provident Investasi Bersama Tbk 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 an Asset Management company?
The median Altman Z-Score among Asset Management companies is 3.53, based on 645 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 Provident Investasi Bersama Tbk's current Altman Z-Score of 3.25 is 7.9% 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 Provident Investasi Bersama Tbk and its competitors. For the Asset Management industry, the median Altman Z-Score is 3.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Provident Investasi Bersama Tbk's current Altman Z-Score is 3.25, which is 24% above median its own 10-year median of 2.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Provident Investasi Bersama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Provident Investasi Bersama Tbk (ISX:PALM) is currently considered Possible Value Trap. The stock's GF Value™ is Rp4,242.66, compared to a current price of Rp290.00 — trading 93.2% below its estimated fair value. The current Altman Z-Score is 3.25, which is 24% above median its 10-year median of 2.63 and 7.9% below the Asset Management industry median of 3.53. PT Provident Investasi Bersama Tbk's overall GF Score™ is 51/100 with 6 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 Provident Investasi Bersama Tbk (ISX:PALM), the current Altman Z-Score is 3.25 as of Jul. 01, 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 Provident Investasi Bersama Tbk (ISX:PALM) Overvalued in 2026?
Based on GuruFocus' analysis, PT Provident Investasi Bersama Tbk stock appears to be undervalued.
The current stock price of Rp290.00 is trading 93.2% below its estimated GF Value™ of Rp4,242.66.
GuruFocus considers PT Provident Investasi Bersama Tbk to be Possible Value Trap.
Key valuation signals for ISX:PALM:
Altman Z-Score: 3.25 (24% above median its 10-year median of 2.63)
GF Value™: Rp4,242.66 vs. price of Rp290.00 (93.2% below fair value)
Industry Position: 7.9% below the Asset Management median (#332 of 645)
No single metric tells the full story. See the ISX:PALM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Provident Investasi Bersama Tbk Business Description
AddressJalan H.R. Rasuna Said, Kawasan Rasuna Epicentrum, Gedung The Convergence Building 21st Floor, Gran Rubina Business Park, Karet Kuningan, Setiabudi, Jakarta, IDN, 12940
PT Provident Investasi Bersama Tbk is an investment company. The company has four operating segments Natural resources engaged in the mining of gold, silver, copper, nickel, and other associated minerals, as well as related industrial; Logistic ; Telecommunication company providing telecommunications services and/or telecommunications networks and/or multimedia.; and Other equity securities. The company generates majority of revenue from Natural resources.
51GF Score
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