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PT Topindo Solusi Komunika TbkISX:TOSK Altman Z-Score is 13.07 as of Sep. 21, 2026. The stock has 1 warning sign investors should review. Among 2,781 Software companies, PT Topindo Solusi Komunika Tbk ranks worse than 35958.25% 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.
PT Topindo Solusi Komunika Tbk has a Altman Z-Score of 13.07, 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 Topindo Solusi Komunika Tbk's Altman Z-Score or its related term are showing as below:
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:TOSK vs CRM, SHOP, UBER: Altman Z-Score Comparison
For the Software - Application subindustry, PT Topindo Solusi Komunika 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 Topindo Solusi Komunika Tbk Altman Z-Score vs Software Industry
For the Software industry and Technology sector, PT Topindo Solusi Komunika Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Topindo Solusi Komunika 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 Topindo Solusi Komunika Tbk (ISX:TOSK) has a Altman Z-Score of 13.07 as of Sep. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Topindo Solusi Komunika Tbk and its competitors. According to the industry distribution chart, PT Topindo Solusi Komunika Tbk ranks #999999 out of 2781 companies in the Software industry.
Is PT Topindo Solusi Komunika Tbk's Altman Z-Score too high?
PT Topindo Solusi Komunika Tbk's current Altman Z-Score is 13.07. The Software industry median Altman Z-Score is 3.18. PT Topindo Solusi Komunika Tbk's value of 13.07 is 311% above this industry median. Based on the distribution chart, PT Topindo Solusi Komunika Tbk ranks #999999 out of 2781 companies in the Software industry, which is in the bottom quartile relative to peers.
How does PT Topindo Solusi Komunika Tbk's Altman Z-Score compare to CRM and SHOP?
According to the Software industry distribution chart, PT Topindo Solusi Komunika Tbk ranks #999999 out of 2781 companies for Altman Z-Score. This places PT Topindo Solusi Komunika Tbk in the lower half of its industry. The industry median Altman Z-Score is 3.18. PT Topindo Solusi Komunika Tbk's value of 13.07 is 311% above this benchmark. 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 Software company?
The median Altman Z-Score among Software companies is 3.18, based on 2,781 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 Topindo Solusi Komunika Tbk's current Altman Z-Score of 13.07 is 311% 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 Topindo Solusi Komunika Tbk and its competitors. For the Software industry, the median Altman Z-Score is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Topindo Solusi Komunika Tbk's current Altman Z-Score is 13.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Topindo Solusi Komunika Tbk stock overvalued right now?
PT Topindo Solusi Komunika Tbk (ISX:TOSK) has a current Altman Z-Score of 13.07. The current Altman Z-Score is 13.07 and 311% above the Software industry median of 3.18. 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 Topindo Solusi Komunika Tbk (ISX:TOSK), the current Altman Z-Score is 13.07 as of Sep. 21, 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.
PT Topindo Solusi Komunika Tbk provides technology platforms for commercial purposes. It is engaged in the sale of digital products, payment solution services, and an online-to-offline (O2O) platform. Its platform allows users to make bill payments, and buy refill products, travel tickets, game vouchers, and others. The company's product offerings include Topindoku Travel, Topindoku Wholesale, and Topindoku Courier among others. It is organized into two main business activities; digital products and fast-moving consumer goods. The majority of the company's revenue is generated from its Digital Products segment, which represents the sale of digital products, such as credit top-ups, data packages, and e-money among others.
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