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 4.51 is strong.
PT Pantai Indah Kapuk Dua Tbk has a Altman Z-Score of 4.21, 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 Pantai Indah Kapuk Dua Tbk's Altman Z-Score or its related term are showing as below:
ISX:PANI'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.63 Med: 3.16 Max: 10.54
Current: 4.51
During the past 9 years, PT Pantai Indah Kapuk Dua Tbk's highest Altman Z-Score was 10.54. The lowest was -0.63. And the median was 3.16.
PT Pantai Indah Kapuk Dua Tbk (ISX:PANI) 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 Pantai Indah Kapuk Dua Tbk Altman Z-Score Chart
PT Pantai Indah Kapuk Dua Tbk Altman Z-Score Competitor Comparison
For the Real Estate - Development subindustry, PT Pantai Indah Kapuk Dua 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 Pantai Indah Kapuk Dua Tbk Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PT Pantai Indah Kapuk Dua Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Pantai Indah Kapuk Dua Tbk's Altman Z-Score falls into.
PT Pantai Indah Kapuk Dua 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.
Trailing Twelve Months (TTM) ended in Mar. 2026: Total Assets was Rp50,412,314 Mil. Total Current Assets was Rp32,398,317 Mil. Total Current Liabilities was Rp14,924,497 Mil. Retained Earnings was Rp2,660,470 Mil. Pre-Tax Income was 662575.607 + 500732.523 + 979645.301 + 487247.701 = Rp2,630,201 Mil. Interest Expense was -9882.457 + -14982.639 + -15508.52 + -13213.562 = Rp-53,587 Mil. Revenue was 1110916.848 + 1217125.906 + 1453439.499 + 1033470.495 = Rp4,814,953 Mil. Market Cap (Today) was Rp104,625,823 Mil. Total Liabilities was Rp18,205,760 Mil.
* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.
PT Pantai Indah Kapuk Dua Tbk (ISX:PANI) has a Altman Z-Score of 4.21 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Pantai Indah Kapuk Dua Tbk and its competitors. This is 33% above median its historical median of 3.16. According to the industry distribution chart, PT Pantai Indah Kapuk Dua Tbk ranks #187 out of 1733 companies in the Real Estate industry, placing it in the top 10.8%.
Is PT Pantai Indah Kapuk Dua Tbk's Altman Z-Score too high?
PT Pantai Indah Kapuk Dua Tbk's current Altman Z-Score of 4.21 is 33% above median its 10-year median of 3.16. The Real Estate industry median Altman Z-Score is 1.30. PT Pantai Indah Kapuk Dua Tbk's value of 4.21 is 223.8% above this industry median. Based on the distribution chart, PT Pantai Indah Kapuk Dua Tbk ranks #187 out of 1733 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, PT Pantai Indah Kapuk Dua Tbk has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Pantai Indah Kapuk Dua Tbk's Altman Z-Score compare to competitors?
According to the Real Estate industry distribution chart, PT Pantai Indah Kapuk Dua Tbk ranks #187 out of 1733 companies for Altman Z-Score. This places PT Pantai Indah Kapuk Dua Tbk in the top 11% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.30. PT Pantai Indah Kapuk Dua Tbk's value of 4.21 is 223.8% above this benchmark. While the company's 10-year median is 3.16 vs. the industry median of 1.30, PT Pantai Indah Kapuk Dua 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.30, based on 1,733 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 Pantai Indah Kapuk Dua Tbk's current Altman Z-Score of 4.21 is 223.8% 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 Pantai Indah Kapuk Dua Tbk and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Pantai Indah Kapuk Dua Tbk's current Altman Z-Score is 4.21, which is 33% above median its own 10-year median of 3.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Pantai Indah Kapuk Dua Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Pantai Indah Kapuk Dua Tbk (ISX:PANI) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp11,160.67, compared to a current price of Rp5,775.00 — trading 48.3% below its estimated fair value. The current Altman Z-Score is 4.21, which is 33% above median its 10-year median of 3.16 and 223.8% above the Real Estate industry median of 1.30. PT Pantai Indah Kapuk Dua Tbk's overall GF Score™ is 84/100 with 3 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 Pantai Indah Kapuk Dua Tbk (ISX:PANI), the current Altman Z-Score is 4.21 as of Jun. 30, 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 Pantai Indah Kapuk Dua Tbk (ISX:PANI) Overvalued in 2026?
Based on GuruFocus' analysis, PT Pantai Indah Kapuk Dua Tbk stock appears to be undervalued.
The current stock price of Rp5,775.00 is trading 48.3% below its estimated GF Value™ of Rp11,160.67.
GuruFocus considers PT Pantai Indah Kapuk Dua Tbk to be Significantly Undervalued.
Key valuation signals for ISX:PANI:
Altman Z-Score: 4.21 (33% above median its 10-year median of 3.16)
GF Value™: Rp11,160.67 vs. price of Rp5,775.00 (48.3% below fair value)
Industry Position: 223.8% above the Real Estate median (#187 of 1733)
No single metric tells the full story. See the ISX:PANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Pantai Indah Kapuk Dua Tbk Business Description
PT Pantai Indah Kapuk Dua Tbk is engaged in holding company activities and the can packaging industry and, through its subsidiaries, operates in real estate and the fishery product processing industry, as well as freezing and storage services in cold storage facilities. It conducts its business through two primary segments: the real estate segment, which generates the majority of revenue, and the other segment, which includes rental income from conference rooms. In the real estate segment, the Company develops property at PIK2 in Tangerang, Banten, as a comprehensive living hub, with products including commercial land plots, commercial properties such as shophouses, shop-offices, SOHO units, and warehouses, and residential landed houses.
84GF Score
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