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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 20.72 is strong.
PT Industri Jamu dan Farmasi Sido Muncul Tbk has a Altman Z-Score of 20.90, 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.
PT Industri Jamu dan Farmasi Sido Muncul Tbk (ISX:SIDO) 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 Industri Jamu dan Farmasi Sido Muncul Tbk Altman Z-Score Chart
PT Industri Jamu dan Farmasi Sido Muncul Tbk Annual Data
For the Packaged Foods subindustry, PT Industri Jamu dan Farmasi Sido Muncul 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 Industri Jamu dan Farmasi Sido Muncul Tbk Altman Z-Score vs Consumer Packaged Goods Industry
PT Industri Jamu dan Farmasi Sido Muncul 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 Industri Jamu dan Farmasi Sido Muncul Tbk (ISX:SIDO) has a Altman Z-Score of 20.90 as of Jul. 17, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Industri Jamu dan Farmasi Sido Muncul Tbk and its competitors. This is 22% below median its historical median of 26.78. Over the past decade, PT Industri Jamu dan Farmasi Sido Muncul Tbk's Altman Z-Score has ranged from 11.34 to 56.72. According to the industry distribution chart, PT Industri Jamu dan Farmasi Sido Muncul Tbk ranks #61 out of 1934 companies in the Consumer Packaged Goods industry, placing it in the top 3.2%.
Is PT Industri Jamu dan Farmasi Sido Muncul Tbk's Altman Z-Score too high?
PT Industri Jamu dan Farmasi Sido Muncul Tbk's current Altman Z-Score of 20.90 is 22% below median its 10-year median of 26.78. Over the past 10 years, this metric has ranged from a low of 11.34 to a high of 56.72. The Consumer Packaged Goods industry median Altman Z-Score is 2.86. PT Industri Jamu dan Farmasi Sido Muncul Tbk's value of 20.90 is 630.8% above this industry median. Based on the distribution chart, PT Industri Jamu dan Farmasi Sido Muncul Tbk ranks #61 out of 1934 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PT Industri Jamu dan Farmasi Sido Muncul Tbk has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Industri Jamu dan Farmasi Sido Muncul Tbk's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, PT Industri Jamu dan Farmasi Sido Muncul Tbk ranks #61 out of 1934 companies for Altman Z-Score. This places PT Industri Jamu dan Farmasi Sido Muncul Tbk in the top 3% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.86. PT Industri Jamu dan Farmasi Sido Muncul Tbk's value of 20.90 is 630.8% above this benchmark. Historically, PT Industri Jamu dan Farmasi Sido Muncul Tbk's own Altman Z-Score has ranged from 11.34 to 56.72 over the past decade. While the company's 10-year median is 26.78 vs. the industry median of 2.86, PT Industri Jamu dan Farmasi Sido Muncul 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.86, based on 1,934 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 Industri Jamu dan Farmasi Sido Muncul Tbk's current Altman Z-Score of 20.90 is 630.8% 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 Industri Jamu dan Farmasi Sido Muncul Tbk and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Industri Jamu dan Farmasi Sido Muncul Tbk's current Altman Z-Score is 20.90, which is 22% below median its own 10-year median of 26.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Industri Jamu dan Farmasi Sido Muncul Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Industri Jamu dan Farmasi Sido Muncul Tbk (ISX:SIDO) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp607.89, compared to a current price of Rp384.00 — trading 36.8% below its estimated fair value. The current Altman Z-Score is 20.90, which is 22% below median its 10-year median of 26.78 and 630.8% above the Consumer Packaged Goods industry median of 2.86. PT Industri Jamu dan Farmasi Sido Muncul Tbk's overall GF Score™ is 85/100 with 1 warning sign 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 Industri Jamu dan Farmasi Sido Muncul Tbk (ISX:SIDO), the current Altman Z-Score is 20.90 as of Jul. 17, 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 Industri Jamu dan Farmasi Sido Muncul Tbk (ISX:SIDO) Overvalued in 2026?
Based on GuruFocus' analysis, PT Industri Jamu dan Farmasi Sido Muncul Tbk stock appears to be undervalued.
The current stock price of Rp384.00 is trading 36.8% below its estimated GF Value™ of Rp607.89.
GuruFocus considers PT Industri Jamu dan Farmasi Sido Muncul Tbk to be Significantly Undervalued.
Key valuation signals for ISX:SIDO:
Altman Z-Score: 20.90 (22% below median its 10-year median of 26.78)
GF Value™: Rp607.89 vs. price of Rp384.00 (36.8% below fair value)
Industry Position: 630.8% above the Consumer Packaged Goods median (#61 of 1934)
No single metric tells the full story. See the ISX:SIDO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Industri Jamu dan Farmasi Sido Muncul Tbk Business Description
PT Industri Jamu dan Farmasi Sido Muncul Tbk is focused on the herbal medicine and herbal products industry, with its products categorized into three distinct segments: Herbal Medicine and Supplements, Food and Beverages, and Pharmaceuticals. Its flagship herbal products include Tolak Angin, available in variants such as Tolak Angin Cair, Tolak Angin Cair Anak, Tolak Angin Sugar Free, Tolak Angin Batuk, and Tolak Angin Flu. The Herbal Medicine segment provides herbal supplements, while its Food and Beverage segment sells packaged foods, soft drinks, and candy and confectionery products. The Pharmacy segment sells pharmaceutical products, including Anacetine Syrup, Inflasone, Berlosid, Licokalk, and Licodexon. The majority of revenue is derived from the Herbal Medicine & Supplement segment.
85GF Score
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