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.
PT Rimo International Lestari Tbk has a Altman Z-Score of 2.15, indicating it is in Grey Zones. This implies that PT Rimo International Lestari Tbk is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Rimo International Lestari Tbk's Altman Z-Score or its related term are showing as below:
PT Rimo International Lestari Tbk (ISX:RIMO) 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 Rimo International Lestari Tbk Altman Z-Score Chart
PT Rimo International Lestari Tbk Altman Z-Score Competitor Comparison
For the Real Estate - Development subindustry, PT Rimo International Lestari 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 Rimo International Lestari Tbk Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, PT Rimo International Lestari Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Rimo International Lestari Tbk's Altman Z-Score falls into.
PT Rimo International Lestari 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 Rimo International Lestari Tbk (ISX:RIMO) has a Altman Z-Score of 2.15 as of Jul. 07, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Rimo International Lestari Tbk and its competitors.
Is PT Rimo International Lestari Tbk's Altman Z-Score too high?
PT Rimo International Lestari Tbk's current Altman Z-Score is 2.15. The Real Estate industry median Altman Z-Score is 1.31. PT Rimo International Lestari Tbk's value of 2.15 is 64.1% above this industry median. Overall, PT Rimo International Lestari Tbk has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does PT Rimo International Lestari Tbk's Altman Z-Score compare to competitors?
PT Rimo International Lestari Tbk's Altman Z-Score of 2.15 can be compared against companies in the Real Estate industry. The industry median Altman Z-Score is 1.31. PT Rimo International Lestari Tbk's value of 2.15 is 64.1% above this benchmark. 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 1.31, based on 1,732 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 Rimo International Lestari Tbk's current Altman Z-Score of 2.15 is 64.1% 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 Rimo International Lestari Tbk and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Rimo International Lestari Tbk's current Altman Z-Score is 2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Rimo International Lestari Tbk stock overvalued right now?
PT Rimo International Lestari Tbk (ISX:RIMO) has a current Altman Z-Score of 2.15. The current Altman Z-Score is 2.15 and 64.1% above the Real Estate industry median of 1.31. PT Rimo International Lestari Tbk's overall GF Score™ is 4/100. 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 Rimo International Lestari Tbk (ISX:RIMO), the current Altman Z-Score is 2.15 as of Jul. 07, 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.
PT Rimo International Lestari Tbk Business Description
PT Rimo International Lestari Tbk is involved in the property business. It seeks to develop high quality integrated townships with modern infrastructure and amenities. The group is also involved in developing a diverse range of products from affordable to premium housing in order to reach out to a wide variety of customers, whilst assisting the government to realize its aspiration in making housing more accessible to the general public. It operates in three segments Department Store, Real Estate, and Service. The portfolio of the group includes various project such as South Hills Apartment, Puncak golf and resort, Kota Olympia, Gangnam Townhouse, Puuwatu Hills, Maestro Hotel and others. Geographically the activities are carried out through Indonesia.
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