Advanced Info Service PCLBKK:ADVANC-R 85 Altman Z2-Score is 1.89 as of Jun. 25, 2026, which is 294% above its 10-year median of 0.48. GuruFocus rates BKK:ADVANC-R with a GF Score™ of 85/100 and a GF Value™ of ฿241.40. The stock has 7 warning signs investors should review. Among 366 Telecommunication Services companies, Advanced Info Service PCL ranks better than 54.37% on this metric.
Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
Advanced Info Service PCL has a Altman Z2-Score of 1.89, indicating it is in Grey Zones. This implies that Advanced Info Service PCL is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The historical rank and industry rank for Advanced Info Service PCL's Altman Z2-Score or its related term are showing as below:
BKK:ADVANC-R'
s Altman Z2-Score Range Over the Past 10 Years
Min: -0.11 Med: 0.48 Max: 1.89
Current: 1.89
During the past 13 years, Advanced Info Service PCL's highest Altman Z2-Score was 1.89. The lowest was -0.11. And the median was 0.48.
Advanced Info Service PCL (BKK:ADVANC-R) Altman Z2-Score Explanation
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
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.
* 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.
BKK:ADVANC-R vs TMUS, VZ, T: Altman Z2-Score Comparison
For the Telecom Services subindustry, Advanced Info Service PCL's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.
Advanced Info Service PCL Altman Z2-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Advanced Info Service PCL's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Advanced Info Service PCL's Altman Z2-Score falls into.
Advanced Info Service PCL Altman Z2-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.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
* 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 Z2-Score when X4_2 value is 0.
Advanced Info Service PCL (BKK:ADVANC-R) has a Altman Z2-Score of 1.89 as of Jun. 25, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Advanced Info Service PCL and its competitors. This is 294% above median its historical median of 0.48. According to the industry distribution chart, Advanced Info Service PCL ranks #167 out of 366 companies in the Telecommunication Services industry, placing it in the top 45.6%.
Is Advanced Info Service PCL's Altman Z2-Score too high?
Advanced Info Service PCL's current Altman Z2-Score of 1.89 is 294% above median its 10-year median of 0.48. The Telecommunication Services industry median Altman Z2-Score is 1.71. Advanced Info Service PCL's value of 1.89 is 10.9% above this industry median. Based on the distribution chart, Advanced Info Service PCL ranks #167 out of 366 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Advanced Info Service PCL has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does Advanced Info Service PCL's Altman Z2-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Advanced Info Service PCL ranks #167 out of 366 companies for Altman Z2-Score. This puts Advanced Info Service PCL in the upper half of its industry. The industry median Altman Z2-Score is 1.71. Advanced Info Service PCL's value of 1.89 is 10.9% above this benchmark. While the company's 10-year median is 0.48 vs. the industry median of 1.71, Advanced Info Service PCL 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 Z2-Score for a Telecommunication Services company?
The median Altman Z2-Score among Telecommunication Services companies is 1.71, based on 366 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Advanced Info Service PCL's current Altman Z2-Score of 1.89 is 10.9% 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 Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Advanced Info Service PCL and its competitors. For the Telecommunication Services industry, the median Altman Z2-Score is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advanced Info Service PCL's current Altman Z2-Score is 1.89, which is 294% above median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advanced Info Service PCL stock overvalued right now?
Advanced Info Service PCL (BKK:ADVANC-R) has a current Altman Z2-Score of 1.89. The stock's GF Value™ is ฿241.40, compared to a current price of ฿291.00 — trading 20.5% above its estimated fair value. The current Altman Z2-Score is 1.89, which is 294% above median its 10-year median of 0.48 and 10.9% above the Telecommunication Services industry median of 1.71. Advanced Info Service PCL's overall GF Score™ is 85/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Advanced Info Service PCL (BKK:ADVANC-R), the current Altman Z2-Score is 1.89 as of Jun. 25, 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 Advanced Info Service PCL (BKK:ADVANC-R) Overvalued in 2026?
Based on GuruFocus' analysis, Advanced Info Service PCL stock appears to be overvalued.
The current stock price of ฿291.00 is trading 20.5% above its estimated GF Value™ of ฿241.40.
Key valuation signals for BKK:ADVANC-R:
Altman Z2-Score: 1.89 (294% above median its 10-year median of 0.48)
GF Value™: ฿241.40 vs. price of ฿291.00 (20.5% above fair value)
Industry Position: 10.9% above the Telecommunication Services median (#167 of 366)
No single metric tells the full story. See the BKK:ADVANC-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Advanced Info Service PCL is a triple-play telecommunications provider. The company generates revenues from the provision of mobile phone services, mobile handset sales, and broadband services. Its broadband service includes various fibre technologies for households, leveraging the company's owned fibre infrastructure. In addition to the fibre networks, it also has mobile infrastructure. Its reportable segments include; Mobile phone services which is also the key revenue generating segment, Mobile phone and equipment sales, and Datanet and broadband services. The company generates the vast majority of its revenue in Thailand.
85GF Score
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