Amarins PCL (BKK:AMARIN) Altman Z-Score: 2.00 (As of Jul. 27, 2026) — 26% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:AMARIN Amarin Corporations PCL BKK:AMARIN
66 GF Score
Price ฿2.06
GF Value ฿3.18
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Amarins PCL Altman Z-Score?

Amarins PCL BKK:AMARIN 66 Altman Z-Score is 2.00 as of Jul. 27, 2026, which is 26% below its 10-year median of 2.70. GuruFocus rates BKK:AMARIN with a GF Score™ of 66/100 and a GF Value™ of ฿3.18 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,008 Media - Diversified companies, Amarins PCL ranks better than 50.2% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Warning Sign:

Altman Z-score of 2 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Amarins PCL has a Altman Z-Score of 2.00, indicating it is in Grey Zones. This implies that Amarins PCL is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Amarins PCL's Altman Z-Score or its related term are showing as below:

BKK:AMARIN' s Altman Z-Score Range Over the Past 10 Years
Min: 0.3   Med: 2.7   Max: 4.24
Current: 2

During the past 13 years, Amarins PCL's highest Altman Z-Score was 4.24. The lowest was 0.30. And the median was 2.70.


Amarins PCL  (BKK:AMARIN) Altman Z-Score Explanation

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, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Amarins PCL Altman Z-Score Related Terms


Amarins PCL Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Amarins PCL's Altman Z-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.

Amarins PCL Altman Z-Score Chart

Amarins PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.71 4.03 3.27 2.59 2.17

Amarins PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-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 2.21 1.79 1.96 2.17 2.41

BKK:AMARIN vs NYT, WLY: Altman Z-Score Comparison

For the Publishing subindustry, Amarins PCL's Altman Z-Score, along with its competitors' market caps and Altman Z-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.


Amarins PCL Altman Z-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Amarins PCL's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Amarins PCL's Altman Z-Score falls into.


BKK:AMARIN
66GF Score
Amarin Corporations PCL BKK:AMARIN
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amarins PCL Altman Z-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.

Amarins PCL's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.2165+1.4*0.0992+3.3*-0.0135+0.6*1.6698+1.0*0.6424
=2.00

* 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 Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ฿5,776 Mil.
Total Current Assets was ฿2,094 Mil.
Total Current Liabilities was ฿844 Mil.
Retained Earnings was ฿573 Mil.
Pre-Tax Income was -16.097 + 3.666 + -17.844 + -52.567 = ฿-83 Mil.
Interest Expense was -1.04 + -1.109 + -1.229 + -1.336 = ฿-5 Mil.
Revenue was 860 + 1059.254 + 916.702 + 874.4 = ฿3,710 Mil.
Market Cap (Today) was ฿2,056 Mil.
Total Liabilities was ฿1,232 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
=(2093.822 - 843.51)/5775.608
=0.2165

X2=Retained Earnings/Total Assets
=572.787/5775.608
=0.0992

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-82.842 - -4.714)/5775.608
=-0.0135

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2056.460/1231.546
=1.6698

X5=Revenue/Total Assets
=3710.356/5775.608
=0.6424

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Amarins PCL has a Altman Z-Score of 2.00 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 2.00 mean?
Amarins PCL (BKK:AMARIN) has a Altman Z-Score of 2.00 as of Jul. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Amarins PCL and its competitors. This is 26% below median its historical median of 2.70. Over the past decade, Amarins PCL's Altman Z-Score has ranged from 0.30 to 4.24. According to the industry distribution chart, Amarins PCL ranks #502 out of 1008 companies in the Media - Diversified industry, placing it in the top 49.8%.
Is Amarins PCL's Altman Z-Score too high?
Amarins PCL's current Altman Z-Score of 2.00 is 26% below median its 10-year median of 2.70. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 4.24. The Media - Diversified industry median Altman Z-Score is 2.00. Amarins PCL's value of 2.00 is 0.3% above this industry median. Based on the distribution chart, Amarins PCL ranks #502 out of 1008 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Amarins PCL has a GF Score™ of 66/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Amarins PCL's Altman Z-Score compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Amarins PCL ranks #502 out of 1008 companies for Altman Z-Score. This puts Amarins PCL in the upper half of its industry. The industry median Altman Z-Score is 2.00. Amarins PCL's value of 2.00 is 0.3% above this benchmark. Historically, Amarins PCL's own Altman Z-Score has ranged from 0.30 to 4.24 over the past decade. While the company's 10-year median is 2.70 vs. the industry median of 2.00, Amarins 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 Z-Score for a Media - Diversified company?
The median Altman Z-Score among Media - Diversified companies is 2.00, based on 1,008 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Amarins PCL's current Altman Z-Score of 2.00 is 0.3% 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Amarins PCL and its competitors. For the Media - Diversified industry, the median Altman Z-Score is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amarins PCL's current Altman Z-Score is 2.00, which is 26% below median its own 10-year median of 2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amarins PCL stock overvalued right now?
Based on GuruFocus' analysis, Amarins PCL (BKK:AMARIN) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿3.18, compared to a current price of ฿2.06 — trading 35.2% below its estimated fair value. The current Altman Z-Score is 2.00, which is 26% below median its 10-year median of 2.70 and 0.3% above the Media - Diversified industry median of 2.00. Amarins PCL's overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Amarins PCL (BKK:AMARIN), the current Altman Z-Score is 2.00 as of Jul. 27, 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 Amarins PCL (BKK:AMARIN) Overvalued in 2026?

Based on GuruFocus' analysis, Amarins PCL stock appears to be undervalued. The current stock price of ฿2.06 is trading 35.2% below its estimated GF Value™ of ฿3.18. GuruFocus considers Amarins PCL to be Significantly Undervalued.

Key valuation signals for BKK:AMARIN:

  • Altman Z-Score: 2.00 (26% below median its 10-year median of 2.70)
  • GF Value™: ฿3.18 vs. price of ฿2.06 (35.2% below fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 0.3% above the Media - Diversified median (#502 of 1008)

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


Amarins PCL Business Description

Address 378 Chaiyapruk Road, Kwang Talingchan, Khet Talingchan, Bangkok, THA, 10170
Amarin Corporations PCL and its subsidiary are engaged in publishing, advertising, producing and distributing publications, producing television programmes, broadcasting, advertising through digital television, and providing educational activities. The company operates in the reportable segments of Production of printing, distribution of books and educational activity; Organization exhibitions and advertising through printing and online media; and Production and providing services through television media. The production of printing and distribution of books segment generates the majority of the revenue for the company. The company principally operates in Thailand.
66GF Score

Get the complete analysis for BKK:AMARIN

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

฿2.06
Price
฿3.18
GF Value