PT Telefast Indonesia TbkISX:TFAS -1.50%69 Altman Z-Score is 6.79 as of Jun. 28, 2026, which is 24% below its 10-year median of 8.89. GuruFocus rates ISX:TFAS with a GF Score™ of 69/100 and a GF Value™ of Rp166.75 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,060 Business Services companies, PT Telefast Indonesia Tbk ranks better than 84.06% 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 6.79 is strong.
PT Telefast Indonesia Tbk has a Altman Z-Score of 6.79, 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 Telefast Indonesia Tbk's Altman Z-Score or its related term are showing as below:
ISX:TFAS'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.86 Med: 8.89 Max: 73.45
Current: 6.79
During the past 10 years, PT Telefast Indonesia Tbk's highest Altman Z-Score was 73.45. The lowest was 3.86. And the median was 8.89.
PT Telefast Indonesia Tbk (ISX:TFAS) 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.
ISX:TFAS vs KFY, RHI, TNET: Altman Z-Score Comparison
For the Staffing & Employment Services subindustry, PT Telefast Indonesia 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 Telefast Indonesia Tbk Altman Z-Score vs Business Services Industry
For the Business Services industry and Industrials sector, PT Telefast Indonesia Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Telefast Indonesia Tbk's Altman Z-Score falls into.
PT Telefast Indonesia 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 Telefast Indonesia Tbk (ISX:TFAS) has a Altman Z-Score of 6.79 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Telefast Indonesia Tbk and its competitors. This is 24% below median its historical median of 8.89. Over the past decade, PT Telefast Indonesia Tbk's Altman Z-Score has ranged from 3.86 to 73.45. According to the industry distribution chart, PT Telefast Indonesia Tbk ranks #169 out of 1060 companies in the Business Services industry, placing it in the top 15.9%.
Is PT Telefast Indonesia Tbk's Altman Z-Score too high?
PT Telefast Indonesia Tbk's current Altman Z-Score of 6.79 is 24% below median its 10-year median of 8.89. Over the past 10 years, this metric has ranged from a low of 3.86 to a high of 73.45. The Business Services industry median Altman Z-Score is 2.97. PT Telefast Indonesia Tbk's value of 6.79 is 128.6% above this industry median. Based on the distribution chart, PT Telefast Indonesia Tbk ranks #169 out of 1060 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, PT Telefast Indonesia Tbk has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Telefast Indonesia Tbk's Altman Z-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, PT Telefast Indonesia Tbk ranks #169 out of 1060 companies for Altman Z-Score. This places PT Telefast Indonesia Tbk in the top 16% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.97. PT Telefast Indonesia Tbk's value of 6.79 is 128.6% above this benchmark. Historically, PT Telefast Indonesia Tbk's own Altman Z-Score has ranged from 3.86 to 73.45 over the past decade. While the company's 10-year median is 8.89 vs. the industry median of 2.97, PT Telefast Indonesia 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 2.97, based on 1,060 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 Telefast Indonesia Tbk's current Altman Z-Score of 6.79 is 128.6% 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 Telefast Indonesia Tbk and its competitors. For the Business Services industry, the median Altman Z-Score is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Telefast Indonesia Tbk's current Altman Z-Score is 6.79, which is 24% below median its own 10-year median of 8.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Telefast Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Telefast Indonesia Tbk (ISX:TFAS) is currently considered Modestly Overvalued. The stock's GF Value™ is Rp166.75, compared to a current price of Rp197.00 — trading 18.1% above its estimated fair value. The current Altman Z-Score is 6.79, which is 24% below median its 10-year median of 8.89 and 128.6% above the Business Services industry median of 2.97. PT Telefast Indonesia Tbk's overall GF Score™ is 69/100 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 Telefast Indonesia Tbk (ISX:TFAS), the current Altman Z-Score is 6.79 as of Jun. 28, 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 Telefast Indonesia Tbk (ISX:TFAS) Overvalued in 2026?
Based on GuruFocus' analysis, PT Telefast Indonesia Tbk stock appears to be overvalued.
The current stock price of Rp197.00 is trading 18.1% above its estimated GF Value™ of Rp166.75.
GuruFocus considers PT Telefast Indonesia Tbk to be Modestly Overvalued.
Key valuation signals for ISX:TFAS:
Altman Z-Score: 6.79 (24% below median its 10-year median of 8.89)
GF Value™: Rp166.75 vs. price of Rp197.00 (18.1% above fair value)
Industry Position: 128.6% above the Business Services median (#169 of 1060)
No single metric tells the full story. See the ISX:TFAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Telefast Indonesia Tbk is engaged in digital product distribution and network-based services. The Group manages and evaluates its operations based on the business segment that consists of Digital products and Digital services. The Company operates through a partner network spread across various regions and has expanded its business activities into network-based logistics through the development of a drop point network. The Digital products segment generates the majority of the Group's revenue. The Company conducts digital product distribution activities, particularly telecommunications products such as prepaid credit and data packages, through an outlet network spread across various regions. The Company manages more than 7,000 active outlets across 5 regional clusters in Java Island.
69GF Score
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