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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.
Warning Sign:
Altman Z-score of -4.1 is in distress zone. This implies bankruptcy possibility in the next two years.
PT SMR Utama Tbk has a Altman Z-Score of -4.10, 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 SMR Utama Tbk's Altman Z-Score or its related term are showing as below:
ISX:SMRU'
s Altman Z-Score Range Over the Past 10 Years
Min: -4.1 Med: -1.36 Max: 5.33
Current: -4.1
During the past 13 years, PT SMR Utama Tbk's highest Altman Z-Score was 5.33. The lowest was -4.10. And the median was -1.36.
PT SMR Utama Tbk (ISX:SMRU) 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 SMR Utama Tbk Altman Z-Score Related Terms
PT SMR Utama Tbk Altman Z-Score Historical Data
* Premium members only.
The historical data trend for PT SMR 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 SMR Utama Tbk Altman Z-Score Competitor Comparison
For the Thermal Coal subindustry, PT SMR 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 SMR Utama Tbk Altman Z-Score vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, PT SMR Utama Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT SMR Utama 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.
PT SMR 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
*
-0.9206
+
1.4
*
-2.3198
+
3.3
*
-0.1259
+
0.6
*
0.9619
+
1.0
*
0.0919
=
-4.10
* 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 SMR Utama Tbk (ISX:SMRU) has a Altman Z-Score of -4.10 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT SMR Utama Tbk and its competitors.
Is PT SMR Utama Tbk's Altman Z-Score too high?
PT SMR Utama Tbk's current Altman Z-Score is -4.10. Overall, PT SMR Utama Tbk has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does PT SMR Utama Tbk's Altman Z-Score compare to competitors?
PT SMR Utama Tbk's Altman Z-Score of -4.10 can be compared against companies in the Other Energy Sources industry. The industry median Altman Z-Score is 2.10. 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 an Other Energy Sources company?
The median Altman Z-Score among Other Energy Sources companies is 2.10, based on 130 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. 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 SMR Utama Tbk and its competitors. For the Other Energy Sources industry, the median Altman Z-Score is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT SMR Utama Tbk's current Altman Z-Score is -4.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT SMR Utama Tbk stock overvalued right now?
PT SMR Utama Tbk (ISX:SMRU) has a current Altman Z-Score of -4.10. The stock's GF Value™ is Rp37.23, compared to a current price of Rp50.00 — trading 34.3% above its estimated fair value. The current Altman Z-Score is -4.10. PT SMR Utama Tbk's overall GF Score™ is 11/100 with 6 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 SMR Utama Tbk (ISX:SMRU), the current Altman Z-Score is -4.10 as of Jul. 14, 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 SMR Utama Tbk (ISX:SMRU) Overvalued in 2026?
Based on GuruFocus' analysis, PT SMR Utama Tbk stock appears to be overvalued.
The current stock price of Rp50.00 is trading 34.3% above its estimated GF Value™ of Rp37.23.
Key valuation signals for ISX:SMRU:
Altman Z-Score: -4.10
GF Value™: Rp37.23 vs. price of Rp50.00 (34.3% above fair value)
No single metric tells the full story. See the ISX:SMRU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT SMR Utama Tbk business activities include mining and quarrying, wholesale trade, and professional, scientific, and technical activities. The Company owns a mining contractor providing mining services under long-term contracts with coal producers, such as PT Berau Coal. The Company carries out coal mining business activities, other mining and excavation support activities, wholesale trade in solid, liquid, and gas fuels and YBDI products, as well as management consulting activities. Its business units comprise Mining Contractor, IOT Consultant Services, and Coal Mining. The company has only one reportable segment, namely mining services. Its projects include Berau Coal Project I, Berau Coal Project II, and others.
11GF Score
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