PT Agro Bahari Nusantara Tbk (ISX:UDNG) Altman Z-Score: 315.50 (As of Jul. 12, 2026) — 568% Above Median


ISX:UDNG PT Agro Bahari Nusantara Tbk ISX:UDNG
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What is PT Agro Bahari Nusantara Tbk Altman Z-Score?

PT Agro Bahari Nusantara Tbk ISX:UDNG -0.40% 8 Altman Z-Score is 315.50 as of Jul. 12, 2026, which is 568% above its 10-year median of 47.26. GuruFocus rates ISX:UDNG with a GF Score™ of 8/100. The stock has 1 warning sign investors should review. Among 1,932 Consumer Packaged Goods companies, PT Agro Bahari Nusantara Tbk ranks better than 99.79% 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 315.5 is strong.

PT Agro Bahari Nusantara Tbk has a Altman Z-Score of 315.50, 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 Agro Bahari Nusantara Tbk's Altman Z-Score or its related term are showing as below:

ISX:UDNG' s Altman Z-Score Range Over the Past 10 Years
Min: 18.44   Med: 47.26   Max: 1301.8
Current: 315.5

During the past 5 years, PT Agro Bahari Nusantara Tbk's highest Altman Z-Score was 1301.80. The lowest was 18.44. And the median was 47.26.


PT Agro Bahari Nusantara Tbk  (ISX:UDNG) 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 Agro Bahari Nusantara Tbk Altman Z-Score Related Terms


PT Agro Bahari Nusantara Tbk Altman Z-Score Historical Data

* Premium members only.

The historical data trend for PT Agro Bahari Nusantara 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 Agro Bahari Nusantara Tbk Altman Z-Score Chart

PT Agro Bahari Nusantara Tbk Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
0.00 0.00 47.26 18.44 1,301.80

PT Agro Bahari Nusantara Tbk Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Altman Z-Score Get a 7-Day Free Trial 47.26 0.00 18.44 0.00 1,301.80

ISX:UDNG vs ADM, BG, TSN: Altman Z-Score Comparison

For the Farm Products subindustry, PT Agro Bahari Nusantara 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 Agro Bahari Nusantara Tbk Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, PT Agro Bahari Nusantara Tbk's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where PT Agro Bahari Nusantara Tbk's Altman Z-Score falls into.


ISX:UDNG
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PT Agro Bahari Nusantara Tbk ISX:UDNG
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PT Agro Bahari Nusantara 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 Agro Bahari Nusantara 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*0.0944+1.4*-0.1258+3.3*-0.0715+0.6*525.6918+1.0*0.3862
=315.50

* 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 Dec. 2025:
Total Assets was Rp55,990 Mil.
Total Current Assets was Rp8,399 Mil.
Total Current Liabilities was Rp3,116 Mil.
Retained Earnings was Rp-7,043 Mil.
Pre-Tax Income was Rp-4,052 Mil.
Interest Expense was Rp-49 Mil.
Revenue was Rp21,624 Mil.
Market Cap (Today) was Rp2,205,050 Mil.
Total Liabilities was Rp4,195 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
=(8398.973 - 3115.781)/55989.856
=0.0944

X2=Retained Earnings/Total Assets
=-7042.849/55989.856
=-0.1258

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-4052.289 - -49.084)/55989.856
=-0.0715

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2205050.491/4194.569
=525.6918

X5=Revenue/Total Assets
=21623.837/55989.856
=0.3862

The zones of discrimination were as such:

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

PT Agro Bahari Nusantara Tbk has a Altman Z-Score of 315.50 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 315.50 mean?
PT Agro Bahari Nusantara Tbk (ISX:UDNG) has a Altman Z-Score of 315.50 as of Jul. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Agro Bahari Nusantara Tbk and its competitors. This is 568% above median its historical median of 47.26. Over the past decade, PT Agro Bahari Nusantara Tbk's Altman Z-Score has ranged from 18.44 to 1,301.80. According to the industry distribution chart, PT Agro Bahari Nusantara Tbk ranks #4 out of 1932 companies in the Consumer Packaged Goods industry, placing it in the top 0.2%.
Is PT Agro Bahari Nusantara Tbk's Altman Z-Score too high?
PT Agro Bahari Nusantara Tbk's current Altman Z-Score of 315.50 is 568% above median its 10-year median of 47.26. Over the past 10 years, this metric has ranged from a low of 18.44 to a high of 1,301.80. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. PT Agro Bahari Nusantara Tbk's value of 315.50 is 10970.2% above this industry median. Based on the distribution chart, PT Agro Bahari Nusantara Tbk ranks #4 out of 1932 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PT Agro Bahari Nusantara Tbk has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does PT Agro Bahari Nusantara Tbk's Altman Z-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, PT Agro Bahari Nusantara Tbk ranks #4 out of 1932 companies for Altman Z-Score. This places PT Agro Bahari Nusantara Tbk in the top 0% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.85. PT Agro Bahari Nusantara Tbk's value of 315.50 is 10970.2% above this benchmark. Historically, PT Agro Bahari Nusantara Tbk's own Altman Z-Score has ranged from 18.44 to 1,301.80 over the past decade. While the company's 10-year median is 47.26 vs. the industry median of 2.85, PT Agro Bahari Nusantara 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.85, based on 1,932 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 Agro Bahari Nusantara Tbk's current Altman Z-Score of 315.50 is 10970.2% 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 Agro Bahari Nusantara Tbk and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Agro Bahari Nusantara Tbk's current Altman Z-Score is 315.50, which is 568% above median its own 10-year median of 47.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Agro Bahari Nusantara Tbk stock overvalued right now?
PT Agro Bahari Nusantara Tbk (ISX:UDNG) has a current Altman Z-Score of 315.50. The current Altman Z-Score is 315.50, which is 568% above median its 10-year median of 47.26 and 10970.2% above the Consumer Packaged Goods industry median of 2.85. PT Agro Bahari Nusantara Tbk's overall GF Score™ is 8/100 with 1 warning sign 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 Agro Bahari Nusantara Tbk (ISX:UDNG), the current Altman Z-Score is 315.50 as of Jul. 12, 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 Agro Bahari Nusantara Tbk Business Description

Address Jalan Marina Indah Raya No.1, Ruko Shibuya Unit SHC 012 - PIK 2, Limo, Teluknaga District, Tangerang Regency, Banten, Tangerang, IDN, 15510
PT Agro Bahari Nusantara Tbk operates in the brackish-water crustacean farming industry, specifically ponds for the cultivation of Vannamei shrimp (Litopenaeus vannamei). It applies a science-based approach and statistical analysis to enhance production efficiency while minimizing the risk of crop failure caused by disease and changing weather conditions. The company manages a vast shrimp farming area, which includes various intensive and super-intensive shrimp ponds, supported by reservoir ponds and Wastewater Treatment Installation (WWTI) ponds, as well as supporting facilities such as a pump house, generator house, employee dormitory, warehouse, and harvesting house. The company's operating segments are: Shrimp, which generates maximum revenue, and Non-Shrimp.
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