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 0.63 is in distress zone. This implies bankruptcy possibility in the next two years.
PT Venteny Fortuna International Tbk has a Altman Z-Score of 0.64, 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.
PT Venteny Fortuna International Tbk (ISX:VTNY) 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 Venteny Fortuna International Tbk Altman Z-Score Chart
PT Venteny Fortuna International Tbk Annual Data
Trend
Dec21
Dec22
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Dec25
Altman Z-Score
0.00
5.61
2.84
1.42
0.75
PT Venteny Fortuna International Tbk Quarterly Data
ISX:VTNY vs KFY, RHI, TNET: Altman Z-Score Comparison
For the Staffing & Employment Services subindustry, PT Venteny Fortuna International 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 Venteny Fortuna International Tbk Altman Z-Score vs Business Services Industry
For the Business Services industry and Industrials sector, PT Venteny Fortuna International Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Venteny Fortuna International Tbk's Altman Z-Score falls into.
PT Venteny Fortuna International 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 Venteny Fortuna International Tbk (ISX:VTNY) has a Altman Z-Score of 0.64 as of Jul. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Venteny Fortuna International Tbk and its competitors. This is 54% below median its historical median of 1.39. Over the past decade, PT Venteny Fortuna International Tbk's Altman Z-Score has ranged from 0.63 to 7.79. According to the industry distribution chart, PT Venteny Fortuna International Tbk ranks #937 out of 1061 companies in the Business Services industry, placing it in the top 88.3%.
Is PT Venteny Fortuna International Tbk's Altman Z-Score too high?
PT Venteny Fortuna International Tbk's current Altman Z-Score of 0.64 is 54% below median its 10-year median of 1.39. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 7.79. The Business Services industry median Altman Z-Score is 2.96. PT Venteny Fortuna International Tbk's value of 0.64 is 78.4% below this industry median. Based on the distribution chart, PT Venteny Fortuna International Tbk ranks #937 out of 1061 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, PT Venteny Fortuna International Tbk has a GF Score™ of 37/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PT Venteny Fortuna International Tbk's Altman Z-Score compare to KFY and RHI?
According to the Business Services industry distribution chart, PT Venteny Fortuna International Tbk ranks #937 out of 1061 companies for Altman Z-Score. This places PT Venteny Fortuna International Tbk in the lower half of its industry. The industry median Altman Z-Score is 2.96. PT Venteny Fortuna International Tbk's value of 0.64 is 78.4% below this benchmark. Historically, PT Venteny Fortuna International Tbk's own Altman Z-Score has ranged from 0.63 to 7.79 over the past decade. While the company's 10-year median is 1.39 vs. the industry median of 2.96, PT Venteny Fortuna International 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 Business Services company?
The median Altman Z-Score among Business Services companies is 2.96, based on 1,061 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 Venteny Fortuna International Tbk's current Altman Z-Score of 0.64 is 78.4% 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 Venteny Fortuna International Tbk and its competitors. For the Business Services industry, the median Altman Z-Score is 2.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Venteny Fortuna International Tbk's current Altman Z-Score is 0.64, which is 54% below median its own 10-year median of 1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Venteny Fortuna International Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Venteny Fortuna International Tbk (ISX:VTNY) is currently considered Possible Value Trap. The stock's GF Value™ is Rp197.71, compared to a current price of Rp59.00 — trading 70.2% below its estimated fair value. The current Altman Z-Score is 0.64, which is 54% below median its 10-year median of 1.39 and 78.4% below the Business Services industry median of 2.96. PT Venteny Fortuna International Tbk's overall GF Score™ is 37/100 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 Venteny Fortuna International Tbk (ISX:VTNY), the current Altman Z-Score is 0.64 as of Jul. 11, 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 Venteny Fortuna International Tbk (ISX:VTNY) Overvalued in 2026?
Based on GuruFocus' analysis, PT Venteny Fortuna International Tbk stock appears to be undervalued.
The current stock price of Rp59.00 is trading 70.2% below its estimated GF Value™ of Rp197.71.
GuruFocus considers PT Venteny Fortuna International Tbk to be Possible Value Trap.
Key valuation signals for ISX:VTNY:
Altman Z-Score: 0.64 (54% below median its 10-year median of 1.39)
GF Value™: Rp197.71 vs. price of Rp59.00 (70.2% below fair value)
Industry Position: 78.4% below the Business Services median (#937 of 1061)
No single metric tells the full story. See the ISX:VTNY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Venteny Fortuna International Tbk Business Description
PT Venteny Fortuna International Tbk provides growth funding and human resource services. It creates technological innovations to meet employee needs through increasing employee happiness and employee engagement. The company has two business portfolios: B2B, providing productive financing to businesses and MSMEs via partnerships with financial institutions, and B2B2E, offering the VENTENY Employee Super App that gives employees access to financial services and productivity tools through their employers. The company's segment includes Other Financial Services and Other. It generates maximum revenue from the Other Financial Services segment. Income from other financial services consist of interest, administration, commissions and penalties.
37GF Score
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