Central Pattana PCLCPPBY 90 Altman Z2-Score is 2.20 as of Jun. 25, 2026, which is 11% above its 10-year median of 1.99. GuruFocus rates CPPBY with a GF Score™ of 90/100 and a GF Value™ of $23.14. The stock has 6 warning signs investors should review. Among 1,769 Real Estate companies, Central Pattana PCL ranks worse than 62.01% 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.
Central Pattana PCL has a Altman Z2-Score of 2.20, indicating it is in Grey Zones. This implies that Central Pattana 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 Central Pattana PCL's Altman Z2-Score or its related term are showing as below:
CPPBY'
s Altman Z2-Score Range Over the Past 10 Years
Min: 0.96 Med: 1.99 Max: 3.63
Current: 2.19
During the past 13 years, Central Pattana PCL's highest Altman Z2-Score was 3.63. The lowest was 0.96. And the median was 1.99.
Central Pattana PCL (OTCPK:CPPBY) 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.
Altman Z2-Score does not apply to financial companies.
Central Pattana PCL Altman Z2-Score Related Terms
Central Pattana PCL Altman Z2-Score Historical Data
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The historical data trend for Central Pattana 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.
Central Pattana PCL Altman Z2-Score Competitor Comparison
For the Real Estate - Diversified subindustry, Central Pattana 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.
Central Pattana PCL Altman Z2-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Central Pattana PCL's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Central Pattana 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.
Central Pattana 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
*
-0.0283
+
3.26
*
0.3379
+
6.72
*
0.0924
+
1.05
*
0.6287
=
2.20
* 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.
Central Pattana PCL (CPPBY) has a Altman Z2-Score of 2.20 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 Central Pattana PCL and its competitors. This is 11% above median its historical median of 1.99. Over the past decade, Central Pattana PCL's Altman Z2-Score has ranged from 0.96 to 3.63. According to the industry distribution chart, Central Pattana PCL ranks #1097 out of 1769 companies in the Real Estate industry, placing it in the top 62%.
Is Central Pattana PCL's Altman Z2-Score too high?
Central Pattana PCL's current Altman Z2-Score of 2.20 is 11% above median its 10-year median of 1.99. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 3.63. The Real Estate industry median Altman Z2-Score is 3.02. Central Pattana PCL's value of 2.20 is 27.2% below this industry median. Based on the distribution chart, Central Pattana PCL ranks #1097 out of 1769 companies in the Real Estate industry, which is below the industry midpoint. Overall, Central Pattana PCL has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Central Pattana PCL's Altman Z2-Score compare to competitors?
According to the Real Estate industry distribution chart, Central Pattana PCL ranks #1097 out of 1769 companies for Altman Z2-Score. This places Central Pattana PCL in the lower half of its industry. The industry median Altman Z2-Score is 3.02. Central Pattana PCL's value of 2.20 is 27.2% below this benchmark. Historically, Central Pattana PCL's own Altman Z2-Score has ranged from 0.96 to 3.63 over the past decade. While the company's 10-year median is 1.99 vs. the industry median of 3.02, Central Pattana PCL has consistently been below 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 1,769 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. Central Pattana PCL's current Altman Z2-Score of 2.20 is 27.2% 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 Central Pattana 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. Central Pattana PCL's current Altman Z2-Score is 2.20, which is 11% above median its own 10-year median of 1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central Pattana PCL stock overvalued right now?
Central Pattana PCL (CPPBY) has a current Altman Z2-Score of 2.20. The stock's GF Value™ is $23.14, compared to a current price of $23.40 — trading 1.1% above its estimated fair value. The current Altman Z2-Score is 2.20, which is 11% above median its 10-year median of 1.99 and 27.2% below the Real Estate industry median of 3.02. Central Pattana PCL's overall GF Score™ is 90/100 with 6 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 Central Pattana PCL (CPPBY), the current Altman Z2-Score is 2.20 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 Central Pattana PCL (CPPBY) Overvalued in 2026?
Based on GuruFocus' analysis, Central Pattana PCL stock appears to be overvalued.
The current stock price of $23.40 is trading 1.1% above its estimated GF Value™ of $23.14.
Key valuation signals for CPPBY:
Altman Z2-Score: 2.20 (11% above median its 10-year median of 1.99)
GF Value™: $23.14 vs. price of $23.40 (1.1% above fair value)
Industry Position: 27.2% below the Real Estate median (#1097 of 1769)
No single metric tells the full story. See the CPPBY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Central Pattana PCL is engaged in the development and management of properties, including the construction of office buildings and shopping centers for rent, the provision of utility services within shopping centers, the sale of food and beverages, and the delivery of property management consulting and corporate services. Its segments are the development of shopping center buildings, office buildings, and condominiums for rent, including food center services, utility services, and the operation of playlands and water theme parks, which generate the majority of the company's revenue; the hotel business; and the real estate business, which involves the sale of land, houses, and condominium units. The Group is mainly managed and operates principally in Thailand.
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