PT Hotelhid Jaya International Tbk (ISX:SHID) Altman Z-Score: 0.72 (As of Jul. 05, 2026) — 65% Below Median


ISX:SHID PT Hotel Sahid Jaya International Tbk ISX:SHID
67 GF Score
Price Rp570.00
GF Value Rp863.73
Valuation Possible Value Trap
! 3 Warning Signs
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What is PT Hotelhid Jaya International Tbk Altman Z-Score?

PT Hotelhid Jaya International Tbk ISX:SHID 67 Altman Z-Score is 0.72 as of Jul. 05, 2026, which is 65% below its 10-year median of 2.06. GuruFocus rates ISX:SHID with a GF Score™ of 67/100 and a GF Value™ of Rp863.73 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 837 Travel & Leisure companies, PT Hotelhid Jaya International Tbk ranks worse than 76.34% on this metric.

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.

Warning Sign:

Altman Z-score of 0.72 is in distress zone. This implies bankruptcy possibility in the next two years.

PT Hotelhid Jaya International Tbk has a Altman Z-Score of 0.72, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Hotelhid Jaya International Tbk's Altman Z-Score or its related term are showing as below:

ISX:SHID' s Altman Z-Score Range Over the Past 10 Years
Min: 0.72   Med: 2.06   Max: 5.55
Current: 0.72

During the past 13 years, PT Hotelhid Jaya International Tbk's highest Altman Z-Score was 5.55. The lowest was 0.72. And the median was 2.06.


PT Hotelhid Jaya International Tbk  (ISX:SHID) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


PT Hotelhid Jaya International Tbk Altman Z-Score Related Terms


PT Hotelhid Jaya International Tbk Altman Z-Score Historical Data

* Premium members only.

The historical data trend for PT Hotelhid Jaya International Tbk's Altman Z-Score can be seen below:

* 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 Hotelhid Jaya International Tbk Altman Z-Score Chart

PT Hotelhid Jaya International Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 2.98 0.93 1.34 1.17

PT Hotelhid Jaya International Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.98 0.87 1.00 1.17 0.90

ISX:SHID vs MAR, HLT, H: Altman Z-Score Comparison

For the Lodging subindustry, PT Hotelhid Jaya International 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 Hotelhid Jaya International Tbk Altman Z-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, PT Hotelhid Jaya International Tbk's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where PT Hotelhid Jaya International Tbk's Altman Z-Score falls into.


ISX:SHID
67GF Score
PT Hotel Sahid Jaya International Tbk ISX:SHID
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Hotelhid Jaya International 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.

PT Hotelhid Jaya International Tbk's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.098+1.4*-0.1531+3.3*0.0078+0.6*1.1636+1.0*0.095
=0.72

* 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 Rp1,253,525 Mil.
Total Current Assets was Rp222,711 Mil.
Total Current Liabilities was Rp99,884 Mil.
Retained Earnings was Rp-191,909 Mil.
Pre-Tax Income was -15680.132 + 28880.805 + -22346.511 + -15905.265 = Rp-25,051 Mil.
Interest Expense was -7735.645 + 0 + -18377.369 + -8744.465 = Rp-34,857 Mil.
Revenue was 17833.596 + 51215.781 + 27484.879 + 22505.31 = Rp119,040 Mil.
Market Cap (Today) was Rp638,016 Mil.
Total Liabilities was Rp548,321 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(222710.659 - 99883.798)/1253525.488
=0.098

X2=Retained Earnings/Total Assets
=-191908.82/1253525.488
=-0.1531

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-25051.103 - -34857.479)/1253525.488
=0.0078

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=638015.916/548320.769
=1.1636

X5=Revenue/Total Assets
=119039.566/1253525.488
=0.095

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

PT Hotelhid Jaya International Tbk has a Altman Z-Score of 0.72 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 0.72 mean?
PT Hotelhid Jaya International Tbk (ISX:SHID) has a Altman Z-Score of 0.72 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Hotelhid Jaya International Tbk and its competitors. This is 65% below median its historical median of 2.06. Over the past decade, PT Hotelhid Jaya International Tbk's Altman Z-Score has ranged from 0.72 to 5.55. According to the industry distribution chart, PT Hotelhid Jaya International Tbk ranks #639 out of 837 companies in the Travel & Leisure industry, placing it in the top 76.3%.
Is PT Hotelhid Jaya International Tbk's Altman Z-Score too high?
PT Hotelhid Jaya International Tbk's current Altman Z-Score of 0.72 is 65% below median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 5.55. The Travel & Leisure industry median Altman Z-Score is 1.97. PT Hotelhid Jaya International Tbk's value of 0.72 is 63.5% below this industry median. Based on the distribution chart, PT Hotelhid Jaya International Tbk ranks #639 out of 837 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, PT Hotelhid Jaya International Tbk has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Hotelhid Jaya International Tbk's Altman Z-Score compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, PT Hotelhid Jaya International Tbk ranks #639 out of 837 companies for Altman Z-Score. This places PT Hotelhid Jaya International Tbk in the lower half of its industry. The industry median Altman Z-Score is 1.97. PT Hotelhid Jaya International Tbk's value of 0.72 is 63.5% below this benchmark. Historically, PT Hotelhid Jaya International Tbk's own Altman Z-Score has ranged from 0.72 to 5.55 over the past decade. While the company's 10-year median is 2.06 vs. the industry median of 1.97, PT Hotelhid Jaya International 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 a Travel & Leisure company?
The median Altman Z-Score among Travel & Leisure companies is 1.97, based on 837 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 Hotelhid Jaya International Tbk's current Altman Z-Score of 0.72 is 63.5% 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 Hotelhid Jaya International Tbk and its competitors. For the Travel & Leisure industry, the median Altman Z-Score is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Hotelhid Jaya International Tbk's current Altman Z-Score is 0.72, which is 65% below median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Hotelhid Jaya International Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Hotelhid Jaya International Tbk (ISX:SHID) is currently considered Possible Value Trap. The stock's GF Value™ is Rp863.73, compared to a current price of Rp570.00 — trading 34% below its estimated fair value. The current Altman Z-Score is 0.72, which is 65% below median its 10-year median of 2.06 and 63.5% below the Travel & Leisure industry median of 1.97. PT Hotelhid Jaya International Tbk's overall GF Score™ is 67/100 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 Hotelhid Jaya International Tbk (ISX:SHID), the current Altman Z-Score is 0.72 as of Jul. 05, 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 Hotelhid Jaya International Tbk (ISX:SHID) Overvalued in 2026?

Based on GuruFocus' analysis, PT Hotelhid Jaya International Tbk stock appears to be undervalued. The current stock price of Rp570.00 is trading 34% below its estimated GF Value™ of Rp863.73. GuruFocus considers PT Hotelhid Jaya International Tbk to be Possible Value Trap.

Key valuation signals for ISX:SHID:

  • Altman Z-Score: 0.72 (65% below median its 10-year median of 2.06)
  • GF Value™: Rp863.73 vs. price of Rp570.00 (34% below fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 63.5% below the Travel & Leisure median (#639 of 837)

No single metric tells the full story. See the ISX:SHID stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Hotelhid Jaya International Tbk Business Description

Address Jalan Jendral Sudriman No. 86, Sahid Building, South Wing, 2nd Floor, Jakarta, IDN, 10220
PT Hotel Sahid Jaya International Tbk engages in the hotel, accommodation, and property businesses. The company operates the Hotel Grand Sahid Jaya, a five-star hotel with rooms, conference rooms, restaurants, office spaces, a shopping arcade, swimming pools, and a tennis court; and rent apartments. It also offers hotel management and consultancy services for the hotel and tourism sectors. It operates in Head Office; Hospitality; and Apartment segments. Its Hospitality division contributes to the majority of the firm's revenue.
67GF Score

Get the complete analysis for ISX:SHID

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Rp570.00
Price
Rp863.73
GF Value