PPOKF (PT Charoen Pokphand Indonesia Tbk) Altman Z-Score: 6.19 (As of Jun. 30, 2026) — 16% Below Median


PPOKF PT Charoen Pokphand Indonesia Tbk PPOKF
66 GF Score
Price $0.25
GF Value $0.44
Valuation Significantly Undervalued
! 2 Warning Signs
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What is PT Charoen Pokphand Indonesia Tbk Altman Z-Score?

PT Charoen Pokphand Indonesia Tbk PPOKF 66 Altman Z-Score is 6.19 as of Jun. 30, 2026, which is 16% below its 10-year median of 7.39. GuruFocus rates PPOKF with a GF Score™ of 66/100 and a GF Value™ of $0.44 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,931 Consumer Packaged Goods companies, PT Charoen Pokphand Indonesia Tbk ranks better than 83.17% 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 6.36 is strong.

PT Charoen Pokphand Indonesia Tbk has a Altman Z-Score of 6.19, 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 Charoen Pokphand Indonesia Tbk's Altman Z-Score or its related term are showing as below:

PPOKF' s Altman Z-Score Range Over the Past 10 Years
Min: 6.04   Med: 7.39   Max: 12.7
Current: 6.36

During the past 13 years, PT Charoen Pokphand Indonesia Tbk's highest Altman Z-Score was 12.70. The lowest was 6.04. And the median was 7.39.


PT Charoen Pokphand Indonesia Tbk  (OTCPK:PPOKF) 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 Charoen Pokphand Indonesia Tbk Altman Z-Score Related Terms


PT Charoen Pokphand Indonesia Tbk Altman Z-Score Historical Data

* Premium members only.

The historical data trend for PT Charoen Pokphand Indonesia 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 Charoen Pokphand Indonesia Tbk Altman Z-Score Chart

PT Charoen Pokphand Indonesia Tbk Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.85 7.01 6.47 7.12 7.40

PT Charoen Pokphand Indonesia Tbk Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.14 6.99 7.42 7.40 7.14

PPOKF vs ADM, BG, TSN: Altman Z-Score Comparison

For the Farm Products subindustry, PT Charoen Pokphand Indonesia 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 Charoen Pokphand Indonesia Tbk Altman Z-Score vs Consumer Packaged Goods Industry

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

* The bar in red indicates where PT Charoen Pokphand Indonesia Tbk's Altman Z-Score falls into.


PPOKF
66GF Score
PT Charoen Pokphand Indonesia Tbk PPOKF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Charoen Pokphand Indonesia 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 Charoen Pokphand Indonesia 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*0.4191+1.4*0.7537+3.3*0.1995+0.6*4.0657+1.0*1.5314
=6.19

* 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 Mar. 2026:
Total Assets was $2,864 Mil.
Total Current Assets was $1,626 Mil.
Total Current Liabilities was $426 Mil.
Retained Earnings was $2,159 Mil.
Pre-Tax Income was 199.616 + 182.33 + 133.617 + 28.571 = $544 Mil.
Interest Expense was -5.322 + -6.88 + -7.515 + -7.464 = $-27 Mil.
Revenue was 1178.551 + 1203.106 + 1062.677 + 941.618 = $4,386 Mil.
Market Cap (Today) was $2,823 Mil.
Total Liabilities was $694 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
=(1626.182 - 425.873)/2863.933
=0.4191

X2=Retained Earnings/Total Assets
=2158.646/2863.933
=0.7537

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(544.134 - -27.181)/2863.933
=0.1995

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2822.689/694.277
=4.0657

X5=Revenue/Total Assets
=4385.952/2863.933
=1.5314

The zones of discrimination were as such:

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

PT Charoen Pokphand Indonesia Tbk has a Altman Z-Score of 6.19 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 6.19 mean?
PT Charoen Pokphand Indonesia Tbk (PPOKF) has a Altman Z-Score of 6.19 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PT Charoen Pokphand Indonesia Tbk and its competitors. This is 16% below median its historical median of 7.39. Over the past decade, PT Charoen Pokphand Indonesia Tbk's Altman Z-Score has ranged from 6.04 to 12.70. According to the industry distribution chart, PT Charoen Pokphand Indonesia Tbk ranks #325 out of 1931 companies in the Consumer Packaged Goods industry, placing it in the top 16.8%.
Is PT Charoen Pokphand Indonesia Tbk's Altman Z-Score too high?
PT Charoen Pokphand Indonesia Tbk's current Altman Z-Score of 6.19 is 16% below median its 10-year median of 7.39. Over the past 10 years, this metric has ranged from a low of 6.04 to a high of 12.70. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. PT Charoen Pokphand Indonesia Tbk's value of 6.19 is 118.7% above this industry median. Based on the distribution chart, PT Charoen Pokphand Indonesia Tbk ranks #325 out of 1931 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, PT Charoen Pokphand Indonesia Tbk has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Charoen Pokphand Indonesia Tbk's Altman Z-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, PT Charoen Pokphand Indonesia Tbk ranks #325 out of 1931 companies for Altman Z-Score. This places PT Charoen Pokphand Indonesia Tbk in the top 17% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.83. PT Charoen Pokphand Indonesia Tbk's value of 6.19 is 118.7% above this benchmark. Historically, PT Charoen Pokphand Indonesia Tbk's own Altman Z-Score has ranged from 6.04 to 12.70 over the past decade. While the company's 10-year median is 7.39 vs. the industry median of 2.83, PT Charoen Pokphand Indonesia 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 2.83, based on 1,931 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 Charoen Pokphand Indonesia Tbk's current Altman Z-Score of 6.19 is 118.7% 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 Charoen Pokphand Indonesia Tbk and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Charoen Pokphand Indonesia Tbk's current Altman Z-Score is 6.19, which is 16% below median its own 10-year median of 7.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Charoen Pokphand Indonesia Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Charoen Pokphand Indonesia Tbk (PPOKF) is currently considered Significantly Undervalued. The stock's GF Value™ is $0.44, compared to a current price of $0.25 — trading 43.2% below its estimated fair value. The current Altman Z-Score is 6.19, which is 16% below median its 10-year median of 7.39 and 118.7% above the Consumer Packaged Goods industry median of 2.83. PT Charoen Pokphand Indonesia Tbk's overall GF Score™ is 66/100 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 Charoen Pokphand Indonesia Tbk (PPOKF), the current Altman Z-Score is 6.19 as of Jun. 30, 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 Charoen Pokphand Indonesia Tbk (PPOKF) Overvalued in 2026?

Based on GuruFocus' analysis, PT Charoen Pokphand Indonesia Tbk stock appears to be undervalued. The current stock price of $0.25 is trading 43.2% below its estimated GF Value™ of $0.44. GuruFocus considers PT Charoen Pokphand Indonesia Tbk to be Significantly Undervalued.

Key valuation signals for PPOKF:

  • Altman Z-Score: 6.19 (16% below median its 10-year median of 7.39)
  • GF Value™: $0.44 vs. price of $0.25 (43.2% below fair value)
  • GF Score™: 66/100 with 2 warning signs
  • Industry Position: 118.7% above the Consumer Packaged Goods median (#325 of 1931)

No single metric tells the full story. See the PPOKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PT Charoen Pokphand Indonesia Tbk Business Description

Other Exchanges CPIN:Indonesia0CP1:Germany
Address Jl. Ancol VIII/1, Kelurahan Ancol, Kecamatan Pademangan, North Jakarta, Jakarta, IDN, 14430
PT Charoen Pokphand Indonesia Tbk, a subsidiary of PT Central Agromina, is a consumer goods company. It produces and sells poultry feed, day old chicks, and processed chicken in Indonesia. The company offers its products under brands like Royal Feed, Hi-Pro-Vite, Bintang, Bonavite, Hi-Pro, Turbo Feed, Okey Brands, Champ, and TIJI brands. Its segments include: Feed; Broiler; Day Old Chicks (DOC), processed chicken, and others. The majority revenue contributor is the Broiler segment. The other segment consists of packaging and poultry equipment.
66GF Score

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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.25
Price
$0.44
GF Value