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BJC Heavy Industries PCLBKK:BJCHI +1.66%53 Altman Z-Score is 4.24 as of Aug. 25, 2026, which is 24% below its 10-year median of 5.55. GuruFocus rates BKK:BJCHI with a GF Score™ of 53/100 and a GF Value™ of ฿1.71 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 3,009 Industrial Products companies, BJC Heavy Industries PCL ranks better than 59.06% 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 4.24 is strong.
BJC Heavy Industries PCL has a Altman Z-Score of 4.24, 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 BJC Heavy Industries PCL's Altman Z-Score or its related term are showing as below:
BKK:BJCHI'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.96 Med: 5.55 Max: 22.3
Current: 4.24
During the past 13 years, BJC Heavy Industries PCL's highest Altman Z-Score was 22.30. The lowest was 2.96. And the median was 5.55.
BJC Heavy Industries PCL (BKK:BJCHI) 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.
* 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.
BKK:BJCHI vs CRS, ATI, MLI: Altman Z-Score Comparison
For the Metal Fabrication subindustry, BJC Heavy Industries 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.
BJC Heavy Industries PCL Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, BJC Heavy Industries PCL's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where BJC Heavy Industries PCL's Altman Z-Score falls into.
BJC Heavy Industries 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.
* 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.
BJC Heavy Industries PCL (BKK:BJCHI) has a Altman Z-Score of 4.24 as of Aug. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on BJC Heavy Industries PCL and its competitors. This is 24% below median its historical median of 5.55. Over the past decade, BJC Heavy Industries PCL's Altman Z-Score has ranged from 2.96 to 22.30. According to the industry distribution chart, BJC Heavy Industries PCL ranks #1232 out of 3009 companies in the Industrial Products industry, placing it in the top 40.9%.
Is BJC Heavy Industries PCL's Altman Z-Score too high?
BJC Heavy Industries PCL's current Altman Z-Score of 4.24 is 24% below median its 10-year median of 5.55. Over the past 10 years, this metric has ranged from a low of 2.96 to a high of 22.30. The Industrial Products industry median Altman Z-Score is 3.26. BJC Heavy Industries PCL's value of 4.24 is 30.1% above this industry median. Based on the distribution chart, BJC Heavy Industries PCL ranks #1232 out of 3009 companies in the Industrial Products industry, which is above the industry midpoint. Overall, BJC Heavy Industries PCL has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BJC Heavy Industries PCL's Altman Z-Score compare to CRS and ATI?
According to the Industrial Products industry distribution chart, BJC Heavy Industries PCL ranks #1232 out of 3009 companies for Altman Z-Score. This puts BJC Heavy Industries PCL in the upper half of its industry. The industry median Altman Z-Score is 3.26. BJC Heavy Industries PCL's value of 4.24 is 30.1% above this benchmark. Historically, BJC Heavy Industries PCL's own Altman Z-Score has ranged from 2.96 to 22.30 over the past decade. While the company's 10-year median is 5.55 vs. the industry median of 3.26, BJC Heavy Industries 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.26, based on 3,009 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. BJC Heavy Industries PCL's current Altman Z-Score of 4.24 is 30.1% 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 BJC Heavy Industries PCL and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BJC Heavy Industries PCL's current Altman Z-Score is 4.24, which is 24% below median its own 10-year median of 5.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BJC Heavy Industries PCL stock overvalued right now?
Based on GuruFocus' analysis, BJC Heavy Industries PCL (BKK:BJCHI) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿1.71, compared to a current price of ฿3.68 — trading 115.2% above its estimated fair value. The current Altman Z-Score is 4.24, which is 24% below median its 10-year median of 5.55 and 30.1% above the Industrial Products industry median of 3.26. BJC Heavy Industries PCL's overall GF Score™ is 53/100 with 8 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 BJC Heavy Industries PCL (BKK:BJCHI), the current Altman Z-Score is 4.24 as of Aug. 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 BJC Heavy Industries PCL (BKK:BJCHI) Overvalued in 2026?
Based on GuruFocus' analysis, BJC Heavy Industries PCL stock appears to be overvalued.
The current stock price of ฿3.68 is trading 115.2% above its estimated GF Value™ of ฿1.71.
GuruFocus considers BJC Heavy Industries PCL to be Significantly Overvalued.
Key valuation signals for BKK:BJCHI:
Altman Z-Score: 4.24 (24% below median its 10-year median of 5.55)
GF Value™: ฿1.71 vs. price of ฿3.68 (115.2% above fair value)
Industry Position: 30.1% above the Industrial Products median (#1232 of 3009)
No single metric tells the full story. See the BKK:BJCHI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BJC Heavy Industries PCL operates in Thailand. Its principal activities are manufacturing fabricated steel and equipment and providing modularization. The company's products include steel fabrication, modularization, site erection and precast concrete, and its services include galvanizing, grating, built-up beams and post-weld heat treatment. It serves industries including power and others, oil and gas upstream, refining and petrochemical, and mining. Its business segments include contract revenues and service income, with contract revenue deriving the majority of its revenue, and also from the overseas geographical segment.
53GF Score
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