Crown Seal (BKK:CSC) Altman Z-Score: 3.69 (As of Jun. 28, 2026) — Near Median


BKK:CSC Crown Seal PLC BKK:CSC
68 GF Score
Price ฿44.00
GF Value ฿43.24
Valuation Fairly Valued
! 3 Warning Signs
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What is Crown Seal Altman Z-Score?

Crown Seal BKK:CSC +0.57% 68 Altman Z-Score is 3.69 as of Jun. 28, 2026, which is 8% below its 10-year median of 4.00. GuruFocus rates BKK:CSC with a GF Score™ of 68/100 and a GF Value™ of ฿43.24 (Fairly Valued). The stock has 3 warning signs investors should review. Among 387 Packaging & Containers companies, Crown Seal ranks better than 68.99% 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 3.69 is strong.

Crown Seal has a Altman Z-Score of 3.69, 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 Crown Seal's Altman Z-Score or its related term are showing as below:

BKK:CSC' s Altman Z-Score Range Over the Past 10 Years
Min: 3.61   Med: 4   Max: 5.51
Current: 3.69

During the past 13 years, Crown Seal's highest Altman Z-Score was 5.51. The lowest was 3.61. And the median was 4.00.


Crown Seal  (BKK:CSC) 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.


Crown Seal Altman Z-Score Related Terms


Crown Seal Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Crown Seal'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.

Crown Seal Altman Z-Score Chart

Crown Seal 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 4.15 4.32 3.94 3.99 3.80

Crown Seal 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 3.89 3.80 3.87 3.80 3.64

BKK:CSC vs SW, PKG, AMCR: Altman Z-Score Comparison

For the Packaging & Containers subindustry, Crown Seal'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.


Crown Seal Altman Z-Score vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Crown Seal's Altman Z-Score distribution charts can be found below:

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


BKK:CSC
68GF Score
Crown Seal PLC BKK:CSC
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Crown Seal 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.

Crown Seal'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*0.4821+1.4*0.6179+3.3*0.0554+0.6*2.349+1.0*0.6525
=3.69

* 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 ฿5,354 Mil.
Total Current Assets was ฿3,160 Mil.
Total Current Liabilities was ฿579 Mil.
Retained Earnings was ฿3,308 Mil.
Pre-Tax Income was 137.642 + 35.626 + 39.319 + 82.959 = ฿296 Mil.
Interest Expense was -0.27 + -0.327 + -0.244 + -0.303 = ฿-1 Mil.
Revenue was 899.321 + 856.155 + 837.824 + 900.285 = ฿3,494 Mil.
Market Cap (Today) was ฿2,288 Mil.
Total Liabilities was ฿974 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
=(3160.286 - 578.948)/5354.253
=0.4821

X2=Retained Earnings/Total Assets
=3308.428/5354.253
=0.6179

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(295.546 - -1.144)/5354.253
=0.0554

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2288.034/974.042
=2.349

X5=Revenue/Total Assets
=3493.585/5354.253
=0.6525

The zones of discrimination were as such:

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

Crown Seal has a Altman Z-Score of 3.69 indicating it is in Safe 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 3.69 mean?
Crown Seal (BKK:CSC) has a Altman Z-Score of 3.69 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Crown Seal and its competitors. This is near median its historical median of 4.00. Over the past decade, Crown Seal's Altman Z-Score has ranged from 3.61 to 5.51. According to the industry distribution chart, Crown Seal ranks #120 out of 387 companies in the Packaging & Containers industry, placing it in the top 31%.
Is Crown Seal's Altman Z-Score too high?
Crown Seal's current Altman Z-Score of 3.69 is near median its 10-year median of 4.00. Over the past 10 years, this metric has ranged from a low of 3.61 to a high of 5.51. The Packaging & Containers industry median Altman Z-Score is 2.66. Crown Seal's value of 3.69 is 38.7% above this industry median. Based on the distribution chart, Crown Seal ranks #120 out of 387 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Crown Seal has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Crown Seal's Altman Z-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Crown Seal ranks #120 out of 387 companies for Altman Z-Score. This puts Crown Seal in the upper half of its industry. The industry median Altman Z-Score is 2.66. Crown Seal's value of 3.69 is 38.7% above this benchmark. Historically, Crown Seal's own Altman Z-Score has ranged from 3.61 to 5.51 over the past decade. While the company's 10-year median is 4.00 vs. the industry median of 2.66, Crown Seal 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 Packaging & Containers company?
The median Altman Z-Score among Packaging & Containers companies is 2.66, based on 387 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. Crown Seal's current Altman Z-Score of 3.69 is 38.7% 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 Crown Seal and its competitors. For the Packaging & Containers industry, the median Altman Z-Score is 2.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Crown Seal's current Altman Z-Score is 3.69, which is near median its own 10-year median of 4.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Crown Seal stock overvalued right now?
Based on GuruFocus' analysis, Crown Seal (BKK:CSC) is currently considered Fairly Valued. The stock's GF Value™ is ฿43.24, compared to a current price of ฿44.00 — trading 1.8% above its estimated fair value. The current Altman Z-Score is 3.69, which is near median its 10-year median of 4.00 and 38.7% above the Packaging & Containers industry median of 2.66. Crown Seal's overall GF Score™ is 68/100 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 Crown Seal (BKK:CSC), the current Altman Z-Score is 3.69 as of Jun. 28, 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 Crown Seal (BKK:CSC) Overvalued in 2026?

Based on GuruFocus' analysis, Crown Seal stock appears to be overvalued. The current stock price of ฿44.00 is trading 1.8% above its estimated GF Value™ of ฿43.24. GuruFocus considers Crown Seal to be Fairly Valued.

Key valuation signals for BKK:CSC:

  • Altman Z-Score: 3.69 (near median its 10-year median of 4.00)
  • GF Value™: ฿43.24 vs. price of ฿44.00 (1.8% above fair value)
  • GF Score™: 68/100 with 3 warning signs
  • Industry Position: 38.7% above the Packaging & Containers median (#120 of 387)

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


Crown Seal Business Description

Address 5 Soi Rangsit - Nakhon Nayok 46, Tambon Prachatipat, Amphur Thanyaburi, Pathum Thani, THA, 12130
Crown Seal PLC is engaged in the manufacture and sale of caps for bottles and the hire of printing sheets for can. Based on the products and services, the company is engaged in two reportable segments: The manufacture and sale of caps and Metal sheets printing service. Its products and services include Crown Cap, Maxi Crown, Composite Cap, Anti-counterfeit screw cap, Plastic Cap, and others. The company earns the highest revenue from the Manufacture and sale of caps segment.
68GF Score

Get the complete analysis for BKK:CSC

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

฿44.00
Price
฿43.24
GF Value