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.
T.Krungthai Industries PCL has a Altman Z2-Score of 2.18, indicating it is in Grey Zones. This implies that T.Krungthai Industries 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 T.Krungthai Industries PCL's Altman Z2-Score or its related term are showing as below:
BKK:TKT'
s Altman Z2-Score Range Over the Past 10 Years
Min: -1.85 Med: -0.44 Max: 2.19
Current: 2.18
During the past 13 years, T.Krungthai Industries PCL's highest Altman Z2-Score was 2.19. The lowest was -1.85. And the median was -0.44.
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.
For the Auto Parts subindustry, T.Krungthai Industries 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.
T.Krungthai Industries PCL Altman Z2-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, T.Krungthai Industries PCL's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where T.Krungthai Industries PCL's Altman Z2-Score falls into.
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.
T.Krungthai Industries PCL (BKK:TKT) has a Altman Z2-Score of 2.18 as of Jul. 08, 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 T.Krungthai Industries PCL and its competitors. According to the industry distribution chart, T.Krungthai Industries PCL ranks #829 out of 1320 companies in the Vehicles & Parts industry, placing it in the top 62.8%.
Is T.Krungthai Industries PCL's Altman Z2-Score too high?
T.Krungthai Industries PCL's current Altman Z2-Score is 2.18. The Vehicles & Parts industry median Altman Z2-Score is 3.00. T.Krungthai Industries PCL's value of 2.18 is 27.3% below this industry median. Based on the distribution chart, T.Krungthai Industries PCL ranks #829 out of 1320 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, T.Krungthai Industries PCL has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does T.Krungthai Industries PCL's Altman Z2-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, T.Krungthai Industries PCL ranks #829 out of 1320 companies for Altman Z2-Score. This places T.Krungthai Industries PCL in the lower half of its industry. The industry median Altman Z2-Score is 3.00. T.Krungthai Industries PCL's value of 2.18 is 27.3% below this benchmark. 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 Vehicles & Parts company?
The median Altman Z2-Score among Vehicles & Parts companies is 3.00, based on 1,320 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. T.Krungthai Industries PCL's current Altman Z2-Score of 2.18 is 27.3% below 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 T.Krungthai Industries PCL and its competitors. For the Vehicles & Parts industry, the median Altman Z2-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. T.Krungthai Industries PCL's current Altman Z2-Score is 2.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T.Krungthai Industries PCL stock overvalued right now?
Based on GuruFocus' analysis, T.Krungthai Industries PCL (BKK:TKT) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.25, compared to a current price of ฿0.74 — trading 40.8% below its estimated fair value. The current Altman Z2-Score is 2.18 and 27.3% below the Vehicles & Parts industry median of 3.00. T.Krungthai Industries PCL's overall GF Score™ is 52/100 with 2 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 T.Krungthai Industries PCL (BKK:TKT), the current Altman Z2-Score is 2.18 as of Jul. 08, 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 T.Krungthai Industries PCL (BKK:TKT) Overvalued in 2026?
Based on GuruFocus' analysis, T.Krungthai Industries PCL stock appears to be undervalued.
The current stock price of ฿0.74 is trading 40.8% below its estimated GF Value™ of ฿1.25.
GuruFocus considers T.Krungthai Industries PCL to be Possible Value Trap.
Key valuation signals for BKK:TKT:
Altman Z2-Score: 2.18
GF Value™: ฿1.25 vs. price of ฿0.74 (40.8% below fair value)
Industry Position: 27.3% below the Vehicles & Parts median (#829 of 1320)
No single metric tells the full story. See the BKK:TKT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
T.Krungthai Industries PCL is engaged in manufacturing plastic parts and provides service for designing, manufacturing and repairing molds for plastic parts production. The company is the producer of plastic parts, including spray painting, silk-screen & hot stamping and sub assembly, and the service provider on mold design, mold production and molds repair for plastic parts to the Automobile, Electrical appliance, and Original Equipment Manufacturers (OEM). The manufacturing and distribution of plastic parts include motor vehicles, Electrical appliances, and other products. Geographically it operates in Thailand, China, Brazil, and Italy.
52GF Score
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