MMM Capital PCL (BKK:MMM) Altman Z2-Score: 16.79 (As of Jul. 06, 2026) — Near Median


BKK:MMM MMM Capital PCL BKK:MMM
22 GF Score
Price ฿2.82
! 1 Warning Sign
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What is MMM Capital PCL Altman Z2-Score?

MMM Capital PCL BKK:MMM 22 Altman Z2-Score is 16.79 as of Jul. 06, 2026, which is at its 10-year median of 16.79. GuruFocus rates BKK:MMM with a GF Score™ of 22/100. The stock has 1 warning sign investors should review. Among 1,772 Real Estate companies, MMM Capital PCL ranks better than 95.32% 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:

MMM Capital PCL has a Altman Z2-Score of 16.79, 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 MMM Capital PCL's Altman Z2-Score or its related term are showing as below:

BKK:MMM' s Altman Z2-Score Range Over the Past 10 Years
Min: 15.23   Med: 16.79   Max: 22.52
Current: 16.79

During the past 3 years, MMM Capital PCL's highest Altman Z2-Score was 22.52. The lowest was 15.23. And the median was 16.79.


MMM Capital PCL  (BKK:MMM) 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.


MMM Capital PCL Altman Z2-Score Related Terms


MMM Capital PCL Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for MMM Capital 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.

MMM Capital PCL Altman Z2-Score Chart

MMM Capital PCL Annual Data
Trend Dec23 Dec24 Dec25
Altman Z2-Score
0.00 0.00 22.52

MMM Capital PCL Quarterly Data
Dec23 Sep24 Dec24 Sep25 Dec25 Mar26
Altman Z2-Score Get a 7-Day Free Trial 0.00 0.00 15.23 22.52 16.79

BKK:MMM vs CBRE, BEKE, JLL: Altman Z2-Score Comparison

For the Real Estate Services subindustry, MMM Capital 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.


MMM Capital PCL Altman Z2-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, MMM Capital PCL's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where MMM Capital PCL's Altman Z2-Score falls into.


BKK:MMM
22GF Score
MMM Capital PCL BKK:MMM
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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MMM Capital 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.

MMM Capital 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*0.835+3.26*0.0646+6.72*0.3205+1.05*8.5247
=16.79

* 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 ฿566.0 Mil.
Total Current Assets was ฿526.1 Mil.
Total Current Liabilities was ฿53.4 Mil.
Retained Earnings was ฿36.6 Mil.
Pre-Tax Income was 40.677 + 40.037 + 49.618 + 50.629 = ฿181.0 Mil.
Interest Expense was -0.099 + -0.112 + -0.1 + -0.121 = ฿-0.4 Mil.
Total Liabilities was ฿59.4 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
=(526.092 - 53.421)/566.045
=0.835

X2=Retained Earnings/Total Assets
=36.588/566.045
=0.0646

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(180.961 - -0.432)/566.045
=0.3205

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(506.616 - 0)/59.429
=8.5247

The zones of discrimination were as such:

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

MMM Capital PCL has a Altman Z2-Score of 16.79 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 16.79 mean?
MMM Capital PCL (BKK:MMM) has a Altman Z2-Score of 16.79 as of Jul. 06, 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 MMM Capital PCL and its competitors. This is near median its historical median of 16.79. Over the past decade, MMM Capital PCL's Altman Z2-Score has ranged from 15.23 to 22.52. According to the industry distribution chart, MMM Capital PCL ranks #83 out of 1772 companies in the Real Estate industry, placing it in the top 4.7%.
Is MMM Capital PCL's Altman Z2-Score too high?
MMM Capital PCL's current Altman Z2-Score of 16.79 is near median its 10-year median of 16.79. Over the past 10 years, this metric has ranged from a low of 15.23 to a high of 22.52. The Real Estate industry median Altman Z2-Score is 3.02. MMM Capital PCL's value of 16.79 is 456% above this industry median. Based on the distribution chart, MMM Capital PCL ranks #83 out of 1772 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, MMM Capital PCL has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does MMM Capital PCL's Altman Z2-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, MMM Capital PCL ranks #83 out of 1772 companies for Altman Z2-Score. This places MMM Capital PCL in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.02. MMM Capital PCL's value of 16.79 is 456% above this benchmark. Historically, MMM Capital PCL's own Altman Z2-Score has ranged from 15.23 to 22.52 over the past decade. While the company's 10-year median is 16.79 vs. the industry median of 3.02, MMM Capital 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 Real Estate company?
The median Altman Z2-Score among Real Estate companies is 3.02, based on 1,772 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. MMM Capital PCL's current Altman Z2-Score of 16.79 is 456% 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 MMM Capital PCL and its competitors. For the Real Estate industry, the median Altman Z2-Score is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MMM Capital PCL's current Altman Z2-Score is 16.79, which is near median its own 10-year median of 16.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MMM Capital PCL stock overvalued right now?
MMM Capital PCL (BKK:MMM) has a current Altman Z2-Score of 16.79. The current Altman Z2-Score is 16.79, which is near median its 10-year median of 16.79 and 456% above the Real Estate industry median of 3.02. MMM Capital PCL's overall GF Score™ is 22/100 with 1 warning sign 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 MMM Capital PCL (BKK:MMM), the current Altman Z2-Score is 16.79 as of Jul. 06, 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.

MMM Capital PCL Business Description

Address Soi Nathong, Ratchadapisek Road, No. 89/2, Amornphan 205 Tower 1, 6th Floor, Din Daeng, Bangkok, THA, 10400
MMM Capital PCL is principally engaged in providing real estate management services and real estate sales agent services. It is in the business of selling all types of residential real estate to project owners, such as detached houses and Twin houses. This includes planning, marketing, and sales strategies through a network of independent brokers. In addition, the company is engaged in the business of buying and selling residential properties by purchasing properties in good condition and renovating them before selling them through a network of independent brokers. The company's business operations are divided into: Real estate sales consultant, Real estate sales management, and Sales of real estate. The majority of revenue is derived from the Real estate sales management segment.
22GF Score

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