Charn Issara Development PCLBKK:CI +3.03%23 Altman Z-Score is 0.40 as of Jun. 30, 2026, which is 41% below its 10-year median of 0.68. GuruFocus rates BKK:CI with a GF Score™ of 23/100 and a GF Value™ of ฿0.36 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,733 Real Estate companies, Charn Issara Development PCL ranks worse than 82.46% 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 0.4 is in distress zone. This implies bankruptcy possibility in the next two years.
Charn Issara Development PCL has a Altman Z-Score of 0.40, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Charn Issara Development PCL's Altman Z-Score or its related term are showing as below:
BKK:CI'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.32 Med: 0.68 Max: 1.47
Current: 0.4
During the past 13 years, Charn Issara Development PCL's highest Altman Z-Score was 1.47. The lowest was 0.32. And the median was 0.68.
Charn Issara Development PCL (BKK:CI) 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.
Charn Issara Development PCL Altman Z-Score Competitor Comparison
For the Real Estate - Development subindustry, Charn Issara Development 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.
Charn Issara Development PCL Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Charn Issara Development PCL's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Charn Issara Development PCL's Altman Z-Score falls into.
Charn Issara Development 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.
Charn Issara Development PCL (BKK:CI) has a Altman Z-Score of 0.40 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Charn Issara Development PCL and its competitors. This is 41% below median its historical median of 0.68. Over the past decade, Charn Issara Development PCL's Altman Z-Score has ranged from 0.32 to 1.47. According to the industry distribution chart, Charn Issara Development PCL ranks #1429 out of 1733 companies in the Real Estate industry, placing it in the top 82.5%.
Is Charn Issara Development PCL's Altman Z-Score too high?
Charn Issara Development PCL's current Altman Z-Score of 0.40 is 41% below median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.47. The Real Estate industry median Altman Z-Score is 1.30. Charn Issara Development PCL's value of 0.40 is 69.2% below this industry median. Based on the distribution chart, Charn Issara Development PCL ranks #1429 out of 1733 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Charn Issara Development PCL has a GF Score™ of 23/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Charn Issara Development PCL's Altman Z-Score compare to competitors?
According to the Real Estate industry distribution chart, Charn Issara Development PCL ranks #1429 out of 1733 companies for Altman Z-Score. This places Charn Issara Development PCL in the lower half of its industry. The industry median Altman Z-Score is 1.30. Charn Issara Development PCL's value of 0.40 is 69.2% below this benchmark. Historically, Charn Issara Development PCL's own Altman Z-Score has ranged from 0.32 to 1.47 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 1.30, Charn Issara Development 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 Z-Score for a Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.30, based on 1,733 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. Charn Issara Development PCL's current Altman Z-Score of 0.40 is 69.2% 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 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 Charn Issara Development PCL and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Charn Issara Development PCL's current Altman Z-Score is 0.40, which is 41% below median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Charn Issara Development PCL stock overvalued right now?
Based on GuruFocus' analysis, Charn Issara Development PCL (BKK:CI) is currently considered Fairly Valued. The stock's GF Value™ is ฿0.36, compared to a current price of ฿0.34 — trading 5.6% below its estimated fair value. The current Altman Z-Score is 0.40, which is 41% below median its 10-year median of 0.68 and 69.2% below the Real Estate industry median of 1.30. Charn Issara Development PCL's overall GF Score™ is 23/100 with 5 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 Charn Issara Development PCL (BKK:CI), the current Altman Z-Score is 0.40 as of Jun. 30, 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 Charn Issara Development PCL (BKK:CI) Overvalued in 2026?
Based on GuruFocus' analysis, Charn Issara Development PCL stock appears to be undervalued.
The current stock price of ฿0.34 is trading 5.6% below its estimated GF Value™ of ฿0.36.
GuruFocus considers Charn Issara Development PCL to be Fairly Valued.
Key valuation signals for BKK:CI:
Altman Z-Score: 0.40 (41% below median its 10-year median of 0.68)
GF Value™: ฿0.36 vs. price of ฿0.34 (5.6% below fair value)
Industry Position: 69.2% below the Real Estate median (#1429 of 1733)
No single metric tells the full story. See the BKK:CI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Charn Issara Development PCL engages in the real estate business. It is principally engaged in sale or lease of office condominiums and property development in Thailand. Its portfolio and projects include office buildings, shopping centers, House and Townhome, Hotel, Dining and Entertainment, SPA and residential condominiums. The Company have four reportable segments, which are real estate development, lease of office condominium units, hotel operations and sales of goods. Geographically, the company operates in Thailand. The maximum of its revenue is derived from the hotel operations segment.
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