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 19.61 is strong.
PT Rig Tenders Indonesia Tbk has a Altman Z-Score of 19.61, 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 Rig Tenders Indonesia Tbk's Altman Z-Score or its related term are showing as below:
ISX:RIGS'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.49 Med: 1.86 Max: 20.43
Current: 19.61
During the past 12 years, PT Rig Tenders Indonesia Tbk's highest Altman Z-Score was 20.43. The lowest was -0.49. And the median was 1.86.
PT Rig Tenders Indonesia Tbk (ISX:RIGS) 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 Rig Tenders Indonesia Tbk Altman Z-Score Competitor Comparison
For the Marine Shipping subindustry, PT Rig Tenders Indonesia 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 Rig Tenders Indonesia Tbk Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, PT Rig Tenders Indonesia Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Rig Tenders Indonesia Tbk's Altman Z-Score falls into.
PT Rig Tenders Indonesia 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 Rig Tenders Indonesia Tbk (ISX:RIGS) has a Altman Z-Score of 19.61 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Rig Tenders Indonesia Tbk and its competitors. This is 954% above median its historical median of 1.86. According to the industry distribution chart, PT Rig Tenders Indonesia Tbk ranks #13 out of 997 companies in the Transportation industry, placing it in the top 1.3%.
Is PT Rig Tenders Indonesia Tbk's Altman Z-Score too high?
PT Rig Tenders Indonesia Tbk's current Altman Z-Score of 19.61 is 954% above median its 10-year median of 1.86. The Transportation industry median Altman Z-Score is 2.26. PT Rig Tenders Indonesia Tbk's value of 19.61 is 767.7% above this industry median. Based on the distribution chart, PT Rig Tenders Indonesia Tbk ranks #13 out of 997 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, PT Rig Tenders Indonesia Tbk has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Rig Tenders Indonesia Tbk's Altman Z-Score compare to competitors?
According to the Transportation industry distribution chart, PT Rig Tenders Indonesia Tbk ranks #13 out of 997 companies for Altman Z-Score. This places PT Rig Tenders Indonesia Tbk in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.26. PT Rig Tenders Indonesia Tbk's value of 19.61 is 767.7% above this benchmark. While the company's 10-year median is 1.86 vs. the industry median of 2.26, PT Rig Tenders Indonesia 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.26, based on 997 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 Rig Tenders Indonesia Tbk's current Altman Z-Score of 19.61 is 767.7% 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 Rig Tenders Indonesia Tbk and its competitors. For the Transportation industry, the median Altman Z-Score is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Rig Tenders Indonesia Tbk's current Altman Z-Score is 19.61, which is 954% above median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Rig Tenders Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Rig Tenders Indonesia Tbk (ISX:RIGS) is currently considered Fairly Valued. The stock's GF Value™ is Rp620.22, compared to a current price of Rp670.00 — trading 8% above its estimated fair value. The current Altman Z-Score is 19.61, which is 954% above median its 10-year median of 1.86 and 767.7% above the Transportation industry median of 2.26. PT Rig Tenders Indonesia Tbk's overall GF Score™ is 58/100 with 2 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 Rig Tenders Indonesia Tbk (ISX:RIGS), the current Altman Z-Score is 19.61 as of Jul. 06, 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 Rig Tenders Indonesia Tbk (ISX:RIGS) Overvalued in 2026?
Based on GuruFocus' analysis, PT Rig Tenders Indonesia Tbk stock appears to be overvalued.
The current stock price of Rp670.00 is trading 8% above its estimated GF Value™ of Rp620.22.
GuruFocus considers PT Rig Tenders Indonesia Tbk to be Fairly Valued.
Key valuation signals for ISX:RIGS:
Altman Z-Score: 19.61 (954% above median its 10-year median of 1.86)
GF Value™: Rp620.22 vs. price of Rp670.00 (8% above fair value)
Industry Position: 767.7% above the Transportation median (#13 of 997)
No single metric tells the full story. See the ISX:RIGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Rig Tenders Indonesia Tbk is a domestic and foreign shipping (especially offshore) and placement installation services and drilling rig offshore company. The company provides services as Offshore Support, Coal Transport, Other Services and Vessel. The Company classifies its business activities into two main segments, namely coal and marine support services. The coal segment provides tugboat and barge rental services for mining companies to transport coal and other aggregate materials. Meanwhile, the marine services segment offers supply vessel and accommodation on barge rentals to support upstream sector operations.
58GF Score
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