PT Superkrane Mitra Utama Tbk (ISX:SKRN) Altman Z-Score: 3.46 (As of Jul. 16, 2026) — 94% Above Median

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ISX:SKRN PT Superkrane Mitra Utama Tbk ISX:SKRN
81 GF Score
Price Rp376.00
GF Value Rp416.54
Valuation Modestly Undervalued
! 3 Warning Signs
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What is PT Superkrane Mitra Utama Tbk Altman Z-Score?

PT Superkrane Mitra Utama Tbk ISX:SKRN -3.59% 81 Altman Z-Score is 3.46 as of Jul. 16, 2026, which is 94% above its 10-year median of 1.78. GuruFocus rates ISX:SKRN with a GF Score™ of 81/100 and a GF Value™ of Rp416.54 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,062 Business Services companies, PT Superkrane Mitra Utama Tbk ranks better than 56.31% 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.

Good Sign:

Altman Z-score of 3.46 is strong.

PT Superkrane Mitra Utama Tbk has a Altman Z-Score of 3.46, 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 Superkrane Mitra Utama Tbk's Altman Z-Score or its related term are showing as below:

ISX:SKRN' s Altman Z-Score Range Over the Past 10 Years
Min: 1.17   Med: 1.78   Max: 4.23
Current: 3.46

During the past 11 years, PT Superkrane Mitra Utama Tbk's highest Altman Z-Score was 4.23. The lowest was 1.17. And the median was 1.78.


PT Superkrane Mitra Utama Tbk  (ISX:SKRN) 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 Superkrane Mitra Utama Tbk Altman Z-Score Related Terms


PT Superkrane Mitra Utama Tbk Altman Z-Score Historical Data

* Premium members only.

The historical data trend for PT Superkrane Mitra Utama 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 Superkrane Mitra Utama Tbk Altman Z-Score Chart

PT Superkrane Mitra Utama 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 1.63 2.73 1.71 3.37 4.23

PT Superkrane Mitra Utama 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 3.58 3.68 3.71 4.23 3.81

ISX:SKRN vs URI, SUNB, AER: Altman Z-Score Comparison

For the Rental & Leasing Services subindustry, PT Superkrane Mitra Utama 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 Superkrane Mitra Utama Tbk Altman Z-Score vs Business Services Industry

For the Business Services industry and Industrials sector, PT Superkrane Mitra Utama Tbk's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where PT Superkrane Mitra Utama Tbk's Altman Z-Score falls into.


ISX:SKRN
81GF Score
PT Superkrane Mitra Utama Tbk ISX:SKRN
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Superkrane Mitra Utama 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 Superkrane Mitra Utama 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*0.0666+1.4*0.1542+3.3*0.1687+0.6*3.4392+1.0*0.5433
=3.46

* 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 Rp1,461,652 Mil.
Total Current Assets was Rp396,127 Mil.
Total Current Liabilities was Rp298,816 Mil.
Retained Earnings was Rp225,345 Mil.
Pre-Tax Income was 70037.744 + 34924.381 + 48215.923 + 63717.382 = Rp216,895 Mil.
Interest Expense was -6416.481 + 1424.673 + -10656.087 + -14070.45 = Rp-29,718 Mil.
Revenue was 218831.883 + 177725.538 + 208009.785 + 189563.75 = Rp794,131 Mil.
Market Cap (Today) was Rp2,676,368 Mil.
Total Liabilities was Rp778,184 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
=(396126.911 - 298815.584)/1461652.046
=0.0666

X2=Retained Earnings/Total Assets
=225345.439/1461652.046
=0.1542

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(216895.43 - -29718.345)/1461652.046
=0.1687

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2676367.935/778183.978
=3.4392

X5=Revenue/Total Assets
=794130.956/1461652.046
=0.5433

The zones of discrimination were as such:

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

PT Superkrane Mitra Utama Tbk has a Altman Z-Score of 3.46 indicating it is in Safe 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 3.46 mean?
PT Superkrane Mitra Utama Tbk (ISX:SKRN) has a Altman Z-Score of 3.46 as of Jul. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Superkrane Mitra Utama Tbk and its competitors. This is 94% above median its historical median of 1.78. Over the past decade, PT Superkrane Mitra Utama Tbk's Altman Z-Score has ranged from 1.17 to 4.23. According to the industry distribution chart, PT Superkrane Mitra Utama Tbk ranks #464 out of 1062 companies in the Business Services industry, placing it in the top 43.7%.
Is PT Superkrane Mitra Utama Tbk's Altman Z-Score too high?
PT Superkrane Mitra Utama Tbk's current Altman Z-Score of 3.46 is 94% above median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 4.23. The Business Services industry median Altman Z-Score is 2.99. PT Superkrane Mitra Utama Tbk's value of 3.46 is 15.7% above this industry median. Based on the distribution chart, PT Superkrane Mitra Utama Tbk ranks #464 out of 1062 companies in the Business Services industry, which is above the industry midpoint. Overall, PT Superkrane Mitra Utama Tbk has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Superkrane Mitra Utama Tbk's Altman Z-Score compare to URI and SUNB?
According to the Business Services industry distribution chart, PT Superkrane Mitra Utama Tbk ranks #464 out of 1062 companies for Altman Z-Score. This puts PT Superkrane Mitra Utama Tbk in the upper half of its industry. The industry median Altman Z-Score is 2.99. PT Superkrane Mitra Utama Tbk's value of 3.46 is 15.7% above this benchmark. Historically, PT Superkrane Mitra Utama Tbk's own Altman Z-Score has ranged from 1.17 to 4.23 over the past decade. While the company's 10-year median is 1.78 vs. the industry median of 2.99, PT Superkrane Mitra Utama 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 Business Services company?
The median Altman Z-Score among Business Services companies is 2.99, based on 1,062 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 Superkrane Mitra Utama Tbk's current Altman Z-Score of 3.46 is 15.7% 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 Superkrane Mitra Utama Tbk and its competitors. For the Business Services industry, the median Altman Z-Score is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Superkrane Mitra Utama Tbk's current Altman Z-Score is 3.46, which is 94% above median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Superkrane Mitra Utama Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Superkrane Mitra Utama Tbk (ISX:SKRN) is currently considered Modestly Undervalued. The stock's GF Value™ is Rp416.54, compared to a current price of Rp376.00 — trading 9.7% below its estimated fair value. The current Altman Z-Score is 3.46, which is 94% above median its 10-year median of 1.78 and 15.7% above the Business Services industry median of 2.99. PT Superkrane Mitra Utama Tbk's overall GF Score™ is 81/100 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 Superkrane Mitra Utama Tbk (ISX:SKRN), the current Altman Z-Score is 3.46 as of Jul. 16, 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 Superkrane Mitra Utama Tbk (ISX:SKRN) Overvalued in 2026?

Based on GuruFocus' analysis, PT Superkrane Mitra Utama Tbk stock appears to be undervalued. The current stock price of Rp376.00 is trading 9.7% below its estimated GF Value™ of Rp416.54. GuruFocus considers PT Superkrane Mitra Utama Tbk to be Modestly Undervalued.

Key valuation signals for ISX:SKRN:

  • Altman Z-Score: 3.46 (94% above median its 10-year median of 1.78)
  • GF Value™: Rp416.54 vs. price of Rp376.00 (9.7% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 15.7% above the Business Services median (#464 of 1062)

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


PT Superkrane Mitra Utama Tbk Business Description

Address Jalan Cakung Cilincing Raya, No. 9B, RT.11/RW.4, Semper Bar, Kecamatan Cilincing, Jakarta, IDN, 14130
PT Superkrane Mitra Utama Tbk is an Indonesia-based company, focused on the heavy equipment rental business. It is engaged in providing and leasing heavy lifting equipment and providing lifting & rigging solutions for the construction/infrastructure, mining, petrochemical, power plant, and other industries that require heavy equipment lifting services. It has two segments Crane rental and Construction. It generates the majority of its revenue from Crane rental.
81GF Score

Get the complete analysis for ISX:SKRN

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

Rp376.00
Price
Rp416.54
GF Value