PT Trans Power Marine TbkISX:TPMA -2.31%87 Altman Z-Score is 1.44 as of Jun. 28, 2026, which is 40% below its 10-year median of 2.39. GuruFocus rates ISX:TPMA with a GF Score™ of 87/100 and a GF Value™ of Rp609.54 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 992 Transportation companies, PT Trans Power Marine Tbk ranks worse than 69.86% 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 1.44 is in distress zone. This implies bankruptcy possibility in the next two years.
PT Trans Power Marine Tbk has a Altman Z-Score of 1.44, 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 Trans Power Marine Tbk's Altman Z-Score or its related term are showing as below:
ISX:TPMA'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.31 Med: 2.39 Max: 5.9
Current: 1.44
During the past 11 years, PT Trans Power Marine Tbk's highest Altman Z-Score was 5.90. The lowest was 1.31. And the median was 2.39.
PT Trans Power Marine Tbk (ISX:TPMA) 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.
PT Trans Power Marine Tbk Altman Z-Score Competitor Comparison
For the Marine Shipping subindustry, PT Trans Power Marine 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 Trans Power Marine Tbk Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, PT Trans Power Marine Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Trans Power Marine Tbk's Altman Z-Score falls into.
PT Trans Power Marine 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 Trans Power Marine Tbk (ISX:TPMA) has a Altman Z-Score of 1.44 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Trans Power Marine Tbk and its competitors. This is 40% below median its historical median of 2.39. Over the past decade, PT Trans Power Marine Tbk's Altman Z-Score has ranged from 1.31 to 5.90. According to the industry distribution chart, PT Trans Power Marine Tbk ranks #693 out of 992 companies in the Transportation industry, placing it in the top 69.9%.
Is PT Trans Power Marine Tbk's Altman Z-Score too high?
PT Trans Power Marine Tbk's current Altman Z-Score of 1.44 is 40% below median its 10-year median of 2.39. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 5.90. The Transportation industry median Altman Z-Score is 2.27. PT Trans Power Marine Tbk's value of 1.44 is 36.6% below this industry median. Based on the distribution chart, PT Trans Power Marine Tbk ranks #693 out of 992 companies in the Transportation industry, which is below the industry midpoint. Overall, PT Trans Power Marine Tbk has a GF Score™ of 87/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Trans Power Marine Tbk's Altman Z-Score compare to competitors?
According to the Transportation industry distribution chart, PT Trans Power Marine Tbk ranks #693 out of 992 companies for Altman Z-Score. This places PT Trans Power Marine Tbk in the lower half of its industry. The industry median Altman Z-Score is 2.27. PT Trans Power Marine Tbk's value of 1.44 is 36.6% below this benchmark. Historically, PT Trans Power Marine Tbk's own Altman Z-Score has ranged from 1.31 to 5.90 over the past decade. While the company's 10-year median is 2.39 vs. the industry median of 2.27, PT Trans Power Marine 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.27, based on 992 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 Trans Power Marine Tbk's current Altman Z-Score of 1.44 is 36.6% 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 Trans Power Marine Tbk and its competitors. For the Transportation industry, the median Altman Z-Score is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Trans Power Marine Tbk's current Altman Z-Score is 1.44, which is 40% below median its own 10-year median of 2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Trans Power Marine Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Trans Power Marine Tbk (ISX:TPMA) is currently considered Possible Value Trap. The stock's GF Value™ is Rp609.54, compared to a current price of Rp422.00 — trading 30.8% below its estimated fair value. The current Altman Z-Score is 1.44, which is 40% below median its 10-year median of 2.39 and 36.6% below the Transportation industry median of 2.27. PT Trans Power Marine Tbk's overall GF Score™ is 87/100 with 5 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 Trans Power Marine Tbk (ISX:TPMA), the current Altman Z-Score is 1.44 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 Trans Power Marine Tbk (ISX:TPMA) Overvalued in 2026?
Based on GuruFocus' analysis, PT Trans Power Marine Tbk stock appears to be undervalued.
The current stock price of Rp422.00 is trading 30.8% below its estimated GF Value™ of Rp609.54.
GuruFocus considers PT Trans Power Marine Tbk to be Possible Value Trap.
Key valuation signals for ISX:TPMA:
Altman Z-Score: 1.44 (40% below median its 10-year median of 2.39)
GF Value™: Rp609.54 vs. price of Rp422.00 (30.8% below fair value)
Industry Position: 36.6% below the Transportation median (#693 of 992)
No single metric tells the full story. See the ISX:TPMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Trans Power Marine Tbk is a marine shipping and transportation company. The segments of the company are Transshipment, this service uses tugboats and barges to haul goods/commodities to a mother vessel, then continues to the transportation process, and Inter-Island Transportation, this service provides inter-island goods/commodity transportation from ports to discharge ports, domestically and regionally, all across Indonesia. It generates the majority of its revenue from the Inter-Island Transportation segment.
87GF Score
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