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PT Singaraja Putra TbkISX:SINI -9.86%60 Altman Z-Score is 0.87 as of Jul. 15, 2026, which is 58% below its 10-year median of 2.05. GuruFocus rates ISX:SINI with a GF Score™ of 60/100 and a GF Value™ of Rp3,055.46 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 281 Forest Products companies, PT Singaraja Putra Tbk ranks worse than 73.67% 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 1.1 is in distress zone. This implies bankruptcy possibility in the next two years.
PT Singaraja Putra Tbk has a Altman Z-Score of 0.87, 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 Singaraja Putra Tbk's Altman Z-Score or its related term are showing as below:
ISX:SINI'
s Altman Z-Score Range Over the Past 10 Years
Min: -1.12 Med: 2.05 Max: 6.26
Current: 1.1
During the past 9 years, PT Singaraja Putra Tbk's highest Altman Z-Score was 6.26. The lowest was -1.12. And the median was 2.05.
PT Singaraja Putra Tbk (ISX:SINI) 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.
Altman Z-Score does not apply to financial companies.
PT Singaraja Putra Tbk Altman Z-Score Related Terms
PT Singaraja Putra Tbk Altman Z-Score Historical Data
* Premium members only.
The historical data trend for PT Singaraja Putra 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.
ISX:SINI vs SSD, UFPI, BCC: Altman Z-Score Comparison
For the Lumber & Wood Production subindustry, PT Singaraja Putra 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 Singaraja Putra Tbk Altman Z-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, PT Singaraja Putra Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Singaraja Putra Tbk's Altman Z-Score falls into.
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 Singaraja Putra Tbk (ISX:SINI) has a Altman Z-Score of 0.87 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Singaraja Putra Tbk and its competitors. This is 58% below median its historical median of 2.05. According to the industry distribution chart, PT Singaraja Putra Tbk ranks #207 out of 281 companies in the Forest Products industry, placing it in the top 73.7%.
Is PT Singaraja Putra Tbk's Altman Z-Score too high?
PT Singaraja Putra Tbk's current Altman Z-Score of 0.87 is 58% below median its 10-year median of 2.05. The Forest Products industry median Altman Z-Score is 1.83. PT Singaraja Putra Tbk's value of 0.87 is 52.5% below this industry median. Based on the distribution chart, PT Singaraja Putra Tbk ranks #207 out of 281 companies in the Forest Products industry, which is below the industry midpoint. Overall, PT Singaraja Putra Tbk has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Singaraja Putra Tbk's Altman Z-Score compare to SSD and UFPI?
According to the Forest Products industry distribution chart, PT Singaraja Putra Tbk ranks #207 out of 281 companies for Altman Z-Score. This places PT Singaraja Putra Tbk in the lower half of its industry. The industry median Altman Z-Score is 1.83. PT Singaraja Putra Tbk's value of 0.87 is 52.5% below this benchmark. While the company's 10-year median is 2.05 vs. the industry median of 1.83, PT Singaraja Putra 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 Forest Products company?
The median Altman Z-Score among Forest Products companies is 1.83, based on 281 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 Singaraja Putra Tbk's current Altman Z-Score of 0.87 is 52.5% 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 Singaraja Putra Tbk and its competitors. For the Forest Products industry, the median Altman Z-Score is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Singaraja Putra Tbk's current Altman Z-Score is 0.87, which is 58% below median its own 10-year median of 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Singaraja Putra Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Singaraja Putra Tbk (ISX:SINI) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp3,055.46, compared to a current price of Rp6,625.00 — trading 116.8% above its estimated fair value. The current Altman Z-Score is 0.87, which is 58% below median its 10-year median of 2.05 and 52.5% below the Forest Products industry median of 1.83. PT Singaraja Putra Tbk's overall GF Score™ is 60/100 with 8 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 Singaraja Putra Tbk (ISX:SINI), the current Altman Z-Score is 0.87 as of Jul. 15, 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 Singaraja Putra Tbk (ISX:SINI) Overvalued in 2026?
Based on GuruFocus' analysis, PT Singaraja Putra Tbk stock appears to be overvalued.
The current stock price of Rp6,625.00 is trading 116.8% above its estimated GF Value™ of Rp3,055.46.
GuruFocus considers PT Singaraja Putra Tbk to be Significantly Overvalued.
Key valuation signals for ISX:SINI:
Altman Z-Score: 0.87 (58% below median its 10-year median of 2.05)
GF Value™: Rp3,055.46 vs. price of Rp6,625.00 (116.8% above fair value)
Industry Position: 52.5% below the Forest Products median (#207 of 281)
No single metric tells the full story. See the ISX:SINI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Singaraja Putra Tbk, through its subsidiary, engages in the sale of wood and providing other services. In addition, the firm offers accommodation services. The company's products include FJ Solid, FJ Laminating, Door-Window Frame/ABC, Facia Boards/Wall Panels, Glass Beads/Skirting, Thermo, Wood Pellet, and Merpauh. The company's Business segment includes sales of wood, Rent Revenue, and sales of coal, out of which the majority of the company's revenue is generated from sales of wood.
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