Successmore Being PCL (BKK:SCM) Altman Z2-Score: 5.91 (As of Jul. 01, 2026) — 21% Below Median


BKK:SCM Successmore Being PCL BKK:SCM
61 GF Score
Price ฿0.13
GF Value ฿1.36
Valuation Possible Value Trap
! 4 Warning Signs
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What is Successmore Being PCL Altman Z2-Score?

Successmore Being PCL BKK:SCM +8.33% 61 Altman Z2-Score is 5.91 as of Jul. 01, 2026, which is 21% below its 10-year median of 7.47. GuruFocus rates BKK:SCM with a GF Score™ of 61/100 and a GF Value™ of ฿1.36 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,963 Consumer Packaged Goods companies, Successmore Being PCL ranks better than 70.15% 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:

Successmore Being PCL has a Altman Z2-Score of 5.91, 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 Successmore Being PCL's Altman Z2-Score or its related term are showing as below:

BKK:SCM' s Altman Z2-Score Range Over the Past 10 Years
Min: 4.43   Med: 7.47   Max: 9.17
Current: 5.91

During the past 11 years, Successmore Being PCL's highest Altman Z2-Score was 9.17. The lowest was 4.43. And the median was 7.47.


Successmore Being PCL  (BKK:SCM) 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.


Successmore Being PCL Altman Z2-Score Related Terms


Successmore Being PCL Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Successmore Being 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.

Successmore Being PCL Altman Z2-Score Chart

Successmore Being 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 8.80 7.57 7.80 8.07 5.06

Successmore Being 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 7.11 6.48 5.58 5.06 5.91

BKK:SCM vs PG, CL, KVUE: Altman Z2-Score Comparison

For the Household & Personal Products subindustry, Successmore Being 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.


Successmore Being PCL Altman Z2-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Successmore Being PCL's Altman Z2-Score distribution charts can be found below:

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


BKK:SCM
61GF Score
Successmore Being PCL BKK:SCM
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Successmore Being 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.

Successmore Being 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*0.54+3.26*-0.2634+6.72*-0.2161+1.05*4.4597
=5.91

* 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 ฿606.7 Mil.
Total Current Assets was ฿396.0 Mil.
Total Current Liabilities was ฿68.4 Mil.
Retained Earnings was ฿-159.8 Mil.
Pre-Tax Income was -21.43 + -40.821 + -40.182 + -31.666 = ฿-134.1 Mil.
Interest Expense was -0.696 + -0.688 + -0.852 + -0.77 = ฿-3.0 Mil.
Total Liabilities was ฿97.0 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
=(395.953 - 68.361)/606.698
=0.54

X2=Retained Earnings/Total Assets
=-159.833/606.698
=-0.2634

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-134.099 - -3.006)/606.698
=-0.2161

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(432.433 - 0)/96.964
=4.4597

The zones of discrimination were as such:

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

Successmore Being PCL has a Altman Z2-Score of 5.91 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 5.91 mean?
Successmore Being PCL (BKK:SCM) has a Altman Z2-Score of 5.91 as of Jul. 01, 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 Successmore Being PCL and its competitors. This is 21% below median its historical median of 7.47. Over the past decade, Successmore Being PCL's Altman Z2-Score has ranged from 4.43 to 9.17. According to the industry distribution chart, Successmore Being PCL ranks #586 out of 1963 companies in the Consumer Packaged Goods industry, placing it in the top 29.9%.
Is Successmore Being PCL's Altman Z2-Score too high?
Successmore Being PCL's current Altman Z2-Score of 5.91 is 21% below median its 10-year median of 7.47. Over the past 10 years, this metric has ranged from a low of 4.43 to a high of 9.17. The Consumer Packaged Goods industry median Altman Z2-Score is 3.73. Successmore Being PCL's value of 5.91 is 58.4% above this industry median. Based on the distribution chart, Successmore Being PCL ranks #586 out of 1963 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Successmore Being PCL has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Successmore Being PCL's Altman Z2-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Successmore Being PCL ranks #586 out of 1963 companies for Altman Z2-Score. This puts Successmore Being PCL in the upper half of its industry. The industry median Altman Z2-Score is 3.73. Successmore Being PCL's value of 5.91 is 58.4% above this benchmark. Historically, Successmore Being PCL's own Altman Z2-Score has ranged from 4.43 to 9.17 over the past decade. While the company's 10-year median is 7.47 vs. the industry median of 3.73, Successmore Being 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 Consumer Packaged Goods company?
The median Altman Z2-Score among Consumer Packaged Goods companies is 3.73, based on 1,963 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. Successmore Being PCL's current Altman Z2-Score of 5.91 is 58.4% 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 Successmore Being PCL and its competitors. For the Consumer Packaged Goods industry, the median Altman Z2-Score is 3.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Successmore Being PCL's current Altman Z2-Score is 5.91, which is 21% below median its own 10-year median of 7.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Successmore Being PCL stock overvalued right now?
Based on GuruFocus' analysis, Successmore Being PCL (BKK:SCM) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.36, compared to a current price of ฿0.13 — trading 90.4% below its estimated fair value. The current Altman Z2-Score is 5.91, which is 21% below median its 10-year median of 7.47 and 58.4% above the Consumer Packaged Goods industry median of 3.73. Successmore Being PCL's overall GF Score™ is 61/100 with 4 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 Successmore Being PCL (BKK:SCM), the current Altman Z2-Score is 5.91 as of Jul. 01, 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 Successmore Being PCL (BKK:SCM) Overvalued in 2026?

Based on GuruFocus' analysis, Successmore Being PCL stock appears to be undervalued. The current stock price of ฿0.13 is trading 90.4% below its estimated GF Value™ of ฿1.36. GuruFocus considers Successmore Being PCL to be Possible Value Trap.

Key valuation signals for BKK:SCM:

  • Altman Z2-Score: 5.91 (21% below median its 10-year median of 7.47)
  • GF Value™: ฿1.36 vs. price of ฿0.13 (90.4% below fair value)
  • GF Score™: 61/100 with 4 warning signs
  • Industry Position: 58.4% above the Consumer Packaged Goods median (#586 of 1963)

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


Successmore Being PCL Business Description

Address 10/1-2 Rachadaphisek Road, Chatuchak sub-district, Chatuchak district, Bangkok, THA, 10900
Successmore Being PCL is engaged in the manufacture and operation of a direct selling business for cosmetics, beauty equipment and tools, food supplements, and consumption goods, including agricultural goods. Its product lines include Nutrinal, Body Cheer, Neatly Home, S Mone, Growing More, Smart Creation, Product Set, and Premium Product. The Group comprises four main business segments: multi-level marketing, which generates the maximum revenue; distributor sales; rendering services; and hire-purchase services. The company genrates the maximum revenue from Thailand.
61GF Score

Get the complete analysis for BKK:SCM

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

฿0.13
Price
฿1.36
GF Value