Far East Fame Line PCL (BKK:FE) Altman Z2-Score: 10.02 (As of Jul. 03, 2026) — 35% Above Median


BKK:FE Far East Fame Line PCL BKK:FE
77 GF Score
Price ฿160.50
GF Value ฿176.48
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is Far East Fame Line PCL Altman Z2-Score?

Far East Fame Line PCL BKK:FE 77 Altman Z2-Score is 10.02 as of Jul. 03, 2026, which is 35% above its 10-year median of 7.40. GuruFocus rates BKK:FE with a GF Score™ of 77/100 and a GF Value™ of ฿176.48 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,022 Media - Diversified companies, Far East Fame Line PCL ranks better than 91.1% 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.

Good Sign:

Far East Fame Line PCL has a Altman Z2-Score of 10.02, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.

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 Far East Fame Line PCL's Altman Z2-Score or its related term are showing as below:

BKK:FE' s Altman Z2-Score Range Over the Past 10 Years
Min: 5.53   Med: 7.4   Max: 10.26
Current: 10.02

During the past 13 years, Far East Fame Line PCL's highest Altman Z2-Score was 10.26. The lowest was 5.53. And the median was 7.40.


Far East Fame Line PCL  (BKK:FE) 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.

X4_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


Far East Fame Line PCL Altman Z2-Score Related Terms


Far East Fame Line PCL Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Far East Fame Line PCL's Altman Z2-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.

Far East Fame Line PCL Altman Z2-Score Chart

Far East Fame Line PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.96 8.65 6.47 5.79 7.42

Far East Fame Line PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z2-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 10.26 8.41 7.22 7.42 10.02

BKK:FE vs APP, OMC, TTD: Altman Z2-Score Comparison

For the Advertising Agencies subindustry, Far East Fame Line 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.


Far East Fame Line PCL Altman Z2-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Far East Fame Line PCL's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Far East Fame Line PCL's Altman Z2-Score falls into.


BKK:FE
77GF Score
Far East Fame Line PCL BKK:FE
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Far East Fame Line 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.

Far East Fame Line PCL's Altman Z2-Score for today is calculated with this formula:

Z=6.56*X1+3.26*X2+6.72*X3+1.05*X4_2
=6.56*0.0663+3.26*0.5815+6.72*0.0639+1.05*6.9118
=10.02

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ฿1,721.3 Mil.
Total Current Assets was ฿241.4 Mil.
Total Current Liabilities was ฿127.3 Mil.
Retained Earnings was ฿1,001.0 Mil.
Pre-Tax Income was -3.749 + 50.362 + 37.62 + 25.358 = ฿109.6 Mil.
Interest Expense was -0.123 + -0.129 + -0.112 + -0.047 = ฿-0.4 Mil.
Total Liabilities was ฿213.8 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
=(241.374 - 127.294)/1721.346
=0.0663

X2=Retained Earnings/Total Assets
=1001.016/1721.346
=0.5815

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(109.591 - -0.411)/1721.346
=0.0639

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(1477.75 - 0)/213.8
=6.9118

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

Far East Fame Line PCL has a Altman Z2-Score of 10.02 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 10.02 mean?
Far East Fame Line PCL (BKK:FE) has a Altman Z2-Score of 10.02 as of Jul. 03, 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 Far East Fame Line PCL and its competitors. This is 35% above median its historical median of 7.40. Over the past decade, Far East Fame Line PCL's Altman Z2-Score has ranged from 5.53 to 10.26. According to the industry distribution chart, Far East Fame Line PCL ranks #91 out of 1022 companies in the Media - Diversified industry, placing it in the top 8.9%.
Is Far East Fame Line PCL's Altman Z2-Score too high?
Far East Fame Line PCL's current Altman Z2-Score of 10.02 is 35% above median its 10-year median of 7.40. Over the past 10 years, this metric has ranged from a low of 5.53 to a high of 10.26. The Media - Diversified industry median Altman Z2-Score is 2.52. Far East Fame Line PCL's value of 10.02 is 298.4% above this industry median. Based on the distribution chart, Far East Fame Line PCL ranks #91 out of 1022 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Far East Fame Line PCL has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Far East Fame Line PCL's Altman Z2-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Far East Fame Line PCL ranks #91 out of 1022 companies for Altman Z2-Score. This places Far East Fame Line PCL in the top 9% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.52. Far East Fame Line PCL's value of 10.02 is 298.4% above this benchmark. Historically, Far East Fame Line PCL's own Altman Z2-Score has ranged from 5.53 to 10.26 over the past decade. While the company's 10-year median is 7.40 vs. the industry median of 2.52, Far East Fame Line 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 Media - Diversified company?
The median Altman Z2-Score among Media - Diversified companies is 2.52, based on 1,022 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. Far East Fame Line PCL's current Altman Z2-Score of 10.02 is 298.4% 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 Far East Fame Line PCL and its competitors. For the Media - Diversified industry, the median Altman Z2-Score is 2.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Far East Fame Line PCL's current Altman Z2-Score is 10.02, which is 35% above median its own 10-year median of 7.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Far East Fame Line PCL stock overvalued right now?
Based on GuruFocus' analysis, Far East Fame Line PCL (BKK:FE) is currently considered Fairly Valued. The stock's GF Value™ is ฿176.48, compared to a current price of ฿160.50 — trading 9.1% below its estimated fair value. The current Altman Z2-Score is 10.02, which is 35% above median its 10-year median of 7.40 and 298.4% above the Media - Diversified industry median of 2.52. Far East Fame Line PCL's overall GF Score™ is 77/100 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 Far East Fame Line PCL (BKK:FE), the current Altman Z2-Score is 10.02 as of Jul. 03, 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 Far East Fame Line PCL (BKK:FE) Overvalued in 2026?

Based on GuruFocus' analysis, Far East Fame Line PCL stock appears to be undervalued. The current stock price of ฿160.50 is trading 9.1% below its estimated GF Value™ of ฿176.48. GuruFocus considers Far East Fame Line PCL to be Fairly Valued.

Key valuation signals for BKK:FE:

  • Altman Z2-Score: 10.02 (35% above median its 10-year median of 7.40)
  • GF Value™: ฿176.48 vs. price of ฿160.50 (9.1% below fair value)
  • GF Score™: 77/100 with 7 warning signs
  • Industry Position: 298.4% above the Media - Diversified median (#91 of 1022)

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


Far East Fame Line PCL Business Description

Address 465/1-467, Sri Ayudhya Road, Thung Phaya Thai Subdistrict, Ratchathewi District, Bangkok, THA, 10400
Far East Fame Line PCL is an advertising agency. It has three main businesses: 1) Providing comprehensive marketing communications consulting services; 2) Producing advertising materials such as commercials, radio spots, print materials, brochures, digital media, etc.; and 3) Acting as an advertising agency, serving as an intermediary between clients and media owners for advertising placement across various platforms.
77GF Score

Get the complete analysis for BKK:FE

Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

฿160.50
Price
฿176.48
GF Value