Asian Palm Oil PCLBKK:APO +2.00%20 Altman Z-Score is 10.76 as of Jul. 04, 2026, which is 9% above its 10-year median of 9.85. GuruFocus rates BKK:APO with a GF Score™ of 20/100. The stock has 1 warning sign investors should review. Among 1,928 Consumer Packaged Goods companies, Asian Palm Oil PCL ranks better than 92.27% 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.
Good Sign:
Altman Z-score of 10.72 is strong.
Asian Palm Oil PCL has a Altman Z-Score of 10.76, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
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 Asian Palm Oil PCL's Altman Z-Score or its related term are showing as below:
BKK:APO'
s Altman Z-Score Range Over the Past 10 Years
Min: 6.97 Med: 9.85 Max: 12.82
Current: 10.72
During the past 4 years, Asian Palm Oil PCL's highest Altman Z-Score was 12.82. The lowest was 6.97. And the median was 9.85.
Asian Palm Oil PCL (BKK:APO) 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.
Altman Z-Score does not apply to financial companies.
Asian Palm Oil PCL Altman Z-Score Related Terms
Asian Palm Oil PCL Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Asian Palm Oil 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.
For the Packaged Foods subindustry, Asian Palm Oil 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.
Asian Palm Oil PCL Altman Z-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Asian Palm Oil PCL's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Asian Palm Oil PCL's Altman Z-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.
Asian Palm Oil 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
*
0.3977
+
1.4
*
0.4301
+
3.3
*
0.3114
+
0.6
*
7.8217
+
1.0
*
3.961
=
10.76
* 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.
Asian Palm Oil PCL (BKK:APO) has a Altman Z-Score of 10.76 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Asian Palm Oil PCL and its competitors. This is near median its historical median of 9.85. Over the past decade, Asian Palm Oil PCL's Altman Z-Score has ranged from 6.97 to 12.82. According to the industry distribution chart, Asian Palm Oil PCL ranks #149 out of 1928 companies in the Consumer Packaged Goods industry, placing it in the top 7.7%.
Is Asian Palm Oil PCL's Altman Z-Score too high?
Asian Palm Oil PCL's current Altman Z-Score of 10.76 is near median its 10-year median of 9.85. Over the past 10 years, this metric has ranged from a low of 6.97 to a high of 12.82. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. Asian Palm Oil PCL's value of 10.76 is 280.2% above this industry median. Based on the distribution chart, Asian Palm Oil PCL ranks #149 out of 1928 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Asian Palm Oil PCL has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Asian Palm Oil PCL's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Asian Palm Oil PCL ranks #149 out of 1928 companies for Altman Z-Score. This places Asian Palm Oil PCL in the top 8% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.83. Asian Palm Oil PCL's value of 10.76 is 280.2% above this benchmark. Historically, Asian Palm Oil PCL's own Altman Z-Score has ranged from 6.97 to 12.82 over the past decade. While the company's 10-year median is 9.85 vs. the industry median of 2.83, Asian Palm Oil 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.83, based on 1,928 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. Asian Palm Oil PCL's current Altman Z-Score of 10.76 is 280.2% 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 Asian Palm Oil PCL and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asian Palm Oil PCL's current Altman Z-Score is 10.76, which is near median its own 10-year median of 9.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asian Palm Oil PCL stock overvalued right now?
Asian Palm Oil PCL (BKK:APO) has a current Altman Z-Score of 10.76. The current Altman Z-Score is 10.76, which is near median its 10-year median of 9.85 and 280.2% above the Consumer Packaged Goods industry median of 2.83. Asian Palm Oil PCL's overall GF Score™ is 20/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Asian Palm Oil PCL (BKK:APO), the current Altman Z-Score is 10.76 as of Jul. 04, 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.
Asian Palm Oil PCL is engaged in the business of manufacturing and selling palm oil, dried palm kernel, and electricity. Geographically, the company operates only in Thailand.
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