[Penelitian ini bertujuan untuk menganalisis prediksi kebangkrutan pada perusahaan di sektor konstruksi yang terdaftar pada Bursa Efek Regional Asia Tenggara (Filipina, Indonesia, Malaysia, dan Thailand). Metode prediksi kebangkrutan yang digunakan adalah model KMV (Kealhofer, McQuown and Vasicek) yang dibuat oleh Moodys. Dari hasil studi menujukan bahwa tingkat probability of default perusahaan sektor konstruksi di Bursa Efek Indonesia berada di posisi paling rendah jika dibandingkan dengan perusahaan sektor konstruksi di Bursa Efek Regional Asia Tenggara.;This research is aimed to analyze bankruptcy prediction on company who listed in Regional Stock Exchange of South East Asia (Filipina, Indonesia, Malaysia, and Thailand). KMV (Kealhofer, McQuown and Vasicek) method who published by Moodys used to predict the bancrupty. The results of this research found that level of probability of default construction sector companies in Indonesia Stock Exchange is in the lowest position when compared with the construction sector companies in Southeast Asia Regional Stock Exchange.;This research is aimed to analyze bankruptcy prediction on company who listed in Regional Stock Exchange of South East Asia (Filipina, Indonesia, Malaysia, and Thailand). KMV (Kealhofer, McQuown and Vasicek) method who published by Moodys used to predict the bancrupty. The results of this research found that level of probability of default construction sector companies in Indonesia Stock Exchange is in the lowest position when compared with the construction sector companies in Southeast Asia Regional Stock Exchange., This research is aimed to analyze bankruptcy prediction on company who listed in Regional Stock Exchange of South East Asia (Filipina, Indonesia, Malaysia, and Thailand). KMV (Kealhofer, McQuown and Vasicek) method who published by Moodys used to predict the bancrupty. The results of this research found that level of probability of default construction sector companies in Indonesia Stock Exchange is in the lowest position when compared with the construction sector companies in Southeast Asia Regional Stock Exchange.]