DistressRatio

50 Indonesia Stock Exchange companies in Altman's distress band

50companies

An Altman Z-Score below 1.8, which is the band Altman called distress, computed from filed statements.

Stocks · Non-US shares · Indonesia Stock Exchange (JKT) · Ranked by Altman Z-Score in ratio, largest company first · Rebuilt 2026-11-07 at 09:25 UTC

How this list is built

The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against total assets, from the newest filed statements. Where the filer raised going concern itself, that sentence is shown with its filing. The score classifies and does not rank: Altman published two cut-offs and no ordering below the lower one, so the list is ordered by size, largest company first. The screen: companies listed on Indonesia Stock Exchange, graded A or B for the quality of what they report; a median daily traded value of at least 250,000 US dollars over 90 sessions, stated in each listing's own currency, so a company nobody can trade is never on the list; and no positive price to earnings under 1, which no real company earns, and no close sitting the whole of its own 52-week high below that high, which no listing that still trades can do. 162 companies passed tonight. Each market is ranked on its own and never added to another. Figures as recomputed on 2026-11-07.

The list

50 of 50 companies

In the band Altman called distress, ranked by Altman Z-Score, largest company first
#	Company	Market	Sector	Altman Z-Score, in ratio	Current ratio, in ratio	Tangible equity ratio, in ratio	Operating margin, in percent	Altman Z-Score over time	Source
1	JKT:TPIAPT Chandra Asri Pacific Tbk	JKT	Basic Materials	1.31	2.49	0.30	-8.6%	n/a	Source n/a
2	JKT:BRPTPT Barito Pacific Tbk	JKT	Basic Materials	0.95	2.34	0.05	-2.6%	n/a	Source n/a
3	JKT:MDKAPT Merdeka Copper Gold Tbk	JKT	Basic Materials	1.28	1.10	0.12	5.3%	n/a	Source n/a
4	JKT:ISATPT Indosat Ooredoo Hutchison Tbk	JKT	Communication Services	1.16	0.45	0.17	19.1%	n/a	Source n/a
5	JKT:BUMIPT Bumi Resources Tbk	JKT	Energy	0.69	1.01	0.38	4.5%	n/a	Source n/a
6	JKT:CUANPT Petrindo Jaya Kreasi Tbk	JKT	Energy	1.45	1.70	0.07	2.4%	n/a	Source n/a
7	JKT:INKPPT Indah Kiat Pulp & Paper Tbk	JKT	Basic Materials	1.54	2.70	0.55	21.1%	n/a	Source n/a
8	JKT:PGASPT Perusahaan Gas Negara Tbk	JKT	Energy	1.55	1.77	0.44	12.5%	n/a	Source n/a
9	JKT:MEDCPT Medco Energi Internasional Tbk	JKT	Energy	1.02	1.18	0.24	29.0%	n/a	Source n/a
10	JKT:MTELPT Dayamitra Telekomunikasi Tbk.	JKT	Communication Services	0.99	0.41	0.56	36.6%	n/a	Source n/a
11	JKT:EXCLPT XLSMART Telecom Sejahtera Tbk	JKT	Communication Services	0.37	0.47	0.03	-0.6%	n/a	Source n/a
12	JKT:PTROPT Petrosea Tbk	JKT	Industrials	1.47	1.27	0.07	4.7%	n/a	Source n/a
13	JKT:JSMRPT Jasa Marga (Persero) Tbk	JKT	Industrials	0.71	0.58	-5.54	30.9%	n/a	Source n/a
14	JKT:TKIMPT Pabrik Kertas Tjiwi Kimia Tbk	JKT	Basic Materials	1.78	1.27	0.75	6.8%	n/a	Source n/a
15	JKT:TOWRPT Sarana Menara Nusantara Tbk.	JKT	Communication Services	0.84	0.18	0.17	53.9%	n/a	Source n/a
16	JKT:CBDKBangun Kosambi Sukses Tbk.	JKT	Real Estate	1.47	57.81	0.40	55.1%	n/a	Source n/a
17	JKT:ENRGPT Energi Mega Persada Tbk	JKT	Energy	0.71	0.44	0.49	30.9%	n/a	Source n/a
18	JKT:CMNTPT Cemindo Gemilang Tbk	JKT	Basic Materials	0.69	0.48	0.15	8.8%	n/a	Source n/a
19	JKT:PSABPT J Resources Asia Pasifik Tbk	JKT	Basic Materials	1.37	0.80	0.34	13.9%	n/a	Source n/a
20	JKT:BSDEPT Bumi Serpong Damai Tbk	JKT	Real Estate	1.46	3.38	0.52	26.6%	n/a	Source n/a
21	JKT:SMGRPT Semen Indonesia (Persero) Tbk	JKT	Basic Materials	1.40	1.10	0.55	4.5%	n/a	Source n/a
22	JKT:INDYPT. Indika Energy Tbk	JKT	Energy	1.62	1.98	0.23	5.0%	n/a	Source n/a
23	JKT:CTRAPT Ciputra Development Tbk	JKT	Real Estate	1.45	3.17	0.50	27.6%	n/a	Source n/a
24	JKT:DEWAPT Darma Henwa Tbk	JKT	Energy	1.51	1.15	0.51	9.1%	n/a	Source n/a
25	JKT:BNBRPT Bakrie & Brothers Tbk	JKT	Industrials	0.47	1.23	-1.30	0.3%	n/a	Source n/a
26	JKT:BKSLPT Sentul City Tbk	JKT	Real Estate	1.18	1.95	0.72	37.5%	n/a	Source n/a
27	JKT:BIPIPT Astrindo Nusantara Infrastruktur Tbk	JKT	Energy	0.27	1.25	0.29	9.7%	n/a	Source n/a
28	JKT:SSIAPT Surya Semesta Internusa Tbk	JKT	Industrials	1.44	1.68	0.44	-1.9%	n/a	Source n/a
29	JKT:SMRAPT Summarecon Agung Tbk	JKT	Real Estate	0.88	1.08	0.30	25.0%	n/a	Source n/a
30	JKT:SINIPT Singaraja Putra Tbk	JKT	Basic Materials	0.40	0.38	-0.49	1.5%	n/a	Source n/a
31	JKT:TOBAPT TBS Energi Utama Tbk	JKT	Energy	0.52	1.11	0.09	-11.0%	n/a	Source n/a
32	JKT:WIFIPT Solusi Sinergi Digital Tbk	JKT	Communication Services	1.02	2.18	0.47	55.1%	n/a	Source n/a
33	JKT:SOCIPT Soechi Lines Tbk	JKT	Industrials	1.42	0.90	0.67	19.6%	n/a	Source n/a
34	JKT:LPKRPT Lippo Karawaci Tbk	JKT	Real Estate	1.09	4.07	0.61	6.9%	n/a	Source n/a
35	JKT:KEENPT Kencana Energi Lestari Tbk	JKT	Utilities	1.24	1.41	0.49	55.3%	n/a	Source n/a
36	JKT:MDIAPT Intermedia Capital Tbk	JKT	Communication Services	0.86	0.71	0.25	20.2%	n/a	Source n/a
37	JKT:KPIGPT MNC Tourism Indonesia Tbk	JKT	Real Estate	0.64	1.02	0.79	25.9%	n/a	Source n/a
38	JKT:BWPTPT Eagle High Plantations Tbk	JKT	Consumer Defensive	0.54	0.67	0.19	20.6%	n/a	Source n/a
39	JKT:IATAPT MNC Energy Investments Tbk	JKT	Energy	0.43	0.80	0.56	19.8%	n/a	Source n/a
40	JKT:ASSAPT Adi Sarana Armada Tbk	JKT	Industrials	1.47	0.99	0.24	16.4%	n/a	Source n/a
41	JKT:CBREPT Cakra Buana Resources Energi Tbk	JKT	Industrials	-0.07	0.07	0.02	-66.4%	n/a	Source n/a
42	JKT:SQMIPT Wilton Makmur indonesia Tbk.	JKT	Basic Materials	-1.95	0.02	-0.74	-2992.4%	n/a	Source n/a
43	JKT:BMTRPT Global Mediacom Tbk	JKT	Communication Services	1.36	3.74	0.32	17.2%	n/a	Source n/a
44	JKT:JGLEPT Graha Andrasentra Propertindo Tbk.	JKT	Consumer Cyclical	0.28	0.87	0.72	10.6%	n/a	Source n/a
45	JKT:KOTAPT DMS Propertindo Tbk	JKT	Real Estate	0.68	2.76	0.62	34.3%	n/a	Source n/a
46	JKT:TRINPT Perintis Triniti Properti Tbk	JKT	Real Estate	0.04	0.95	0.27	-8.0%	n/a	Source n/a
47	JKT:TMPOPT Tempo Inti Media Tbk	JKT	Communication Services	1.75	2.00	0.54	5.6%	n/a	Source n/a
48	JKT:HOPEPT Harapan Duta Pertiwi Tbk	JKT	Industrials	0.41	0.89	0.16	-33.9%	n/a	Source n/a
49	JKT:COCOPT Wahana Interfood Nusantara Tbk	JKT	Consumer Defensive	-1.06	1.64	0.20	-120.2%	n/a	Source n/a
50	JKT:LUCYPT Lima Dua Lima Tiga Tbk	JKT	Consumer Cyclical	-1.01	0.87	0.26	-67.9%	n/a	Source n/a

Filed figures cite the filing they come from; figures marked Market data are quotes as of the date shown. Not a recommendation and not advice.

Past figures are not a forecast. Anything we modelled is labelled as ours. You can lose money on any security.