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 5.67 is strong.
PT Wismilak Inti Makmur Tbk has a Altman Z-Score of 5.67, 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 Wismilak Inti Makmur Tbk's Altman Z-Score or its related term are showing as below:
ISX:WIIM'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.7 Med: 4.2 Max: 7.16
Current: 5.67
During the past 13 years, PT Wismilak Inti Makmur Tbk's highest Altman Z-Score was 7.16. The lowest was 2.70. And the median was 4.20.
PT Wismilak Inti Makmur Tbk (ISX:WIIM) 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:WIIM vs PM, MO, TPB: Altman Z-Score Comparison
For the Tobacco subindustry, PT Wismilak Inti Makmur 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 Wismilak Inti Makmur Tbk Altman Z-Score vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, PT Wismilak Inti Makmur Tbk's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PT Wismilak Inti Makmur Tbk's Altman Z-Score falls into.
PT Wismilak Inti Makmur 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 Wismilak Inti Makmur Tbk (ISX:WIIM) has a Altman Z-Score of 5.67 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Wismilak Inti Makmur Tbk and its competitors. This is 35% above median its historical median of 4.20. Over the past decade, PT Wismilak Inti Makmur Tbk's Altman Z-Score has ranged from 2.70 to 7.16. According to the industry distribution chart, PT Wismilak Inti Makmur Tbk ranks #14 out of 47 companies in the Tobacco Products industry, placing it in the top 29.8%.
Is PT Wismilak Inti Makmur Tbk's Altman Z-Score too high?
PT Wismilak Inti Makmur Tbk's current Altman Z-Score of 5.67 is 35% above median its 10-year median of 4.20. Over the past 10 years, this metric has ranged from a low of 2.70 to a high of 7.16. The Tobacco Products industry median Altman Z-Score is 4.29. PT Wismilak Inti Makmur Tbk's value of 5.67 is 32.2% above this industry median. Based on the distribution chart, PT Wismilak Inti Makmur Tbk ranks #14 out of 47 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, PT Wismilak Inti Makmur Tbk has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PT Wismilak Inti Makmur Tbk's Altman Z-Score compare to PM and MO?
According to the Tobacco Products industry distribution chart, PT Wismilak Inti Makmur Tbk ranks #14 out of 47 companies for Altman Z-Score. This puts PT Wismilak Inti Makmur Tbk in the upper half of its industry. The industry median Altman Z-Score is 4.29. PT Wismilak Inti Makmur Tbk's value of 5.67 is 32.2% above this benchmark. Historically, PT Wismilak Inti Makmur Tbk's own Altman Z-Score has ranged from 2.70 to 7.16 over the past decade. While the company's 10-year median is 4.20 vs. the industry median of 4.29, PT Wismilak Inti Makmur 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 Tobacco Products company?
The median Altman Z-Score among Tobacco Products companies is 4.29, based on 47 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 Wismilak Inti Makmur Tbk's current Altman Z-Score of 5.67 is 32.2% 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 Wismilak Inti Makmur Tbk and its competitors. For the Tobacco Products industry, the median Altman Z-Score is 4.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Wismilak Inti Makmur Tbk's current Altman Z-Score is 5.67, which is 35% above median its own 10-year median of 4.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Wismilak Inti Makmur Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Wismilak Inti Makmur Tbk (ISX:WIIM) is currently considered Fairly Valued. The stock's GF Value™ is Rp1,675.90, compared to a current price of Rp1,655.00 — trading 1.2% below its estimated fair value. The current Altman Z-Score is 5.67, which is 35% above median its 10-year median of 4.20 and 32.2% above the Tobacco Products industry median of 4.29. PT Wismilak Inti Makmur Tbk's overall GF Score™ is 97/100 with 2 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 Wismilak Inti Makmur Tbk (ISX:WIIM), the current Altman Z-Score is 5.67 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 Wismilak Inti Makmur Tbk (ISX:WIIM) Overvalued in 2026?
Based on GuruFocus' analysis, PT Wismilak Inti Makmur Tbk stock appears to be undervalued.
The current stock price of Rp1,655.00 is trading 1.2% below its estimated GF Value™ of Rp1,675.90.
GuruFocus considers PT Wismilak Inti Makmur Tbk to be Fairly Valued.
Key valuation signals for ISX:WIIM:
Altman Z-Score: 5.67 (35% above median its 10-year median of 4.20)
GF Value™: Rp1,675.90 vs. price of Rp1,655.00 (1.2% below fair value)
Industry Position: 32.2% above the Tobacco Products median (#14 of 47)
No single metric tells the full story. See the ISX:WIIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PT Wismilak Inti Makmur Tbk is an Indonesian-based company operating in the cigarette industry. The company is engaged in the manufacture and sale of machine-rolled cigarettes (SKM), hand-rolled cigarettes (SKT), and related cigarette products. It also produces cigarette filters and oriented polypropylene packaging materials. Its product portfolio includes kretek cigarettes and cigars marketed under brands such as Galan, Diplomat, and Wismilak. The company generates revenue mainly from machine-rolled cigarettes, hand-rolled cigarettes, and filter & oriented polypropylene products, with the majority of its revenue derived from Indonesia.
97GF Score
Get the complete analysis for ISX:WIIM
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ISX:WIIM has been successfully added to your 
