Dexon Technology PCLBKK:DEXON -1.18%39 Altman Z-Score is 1.66 as of Jul. 06, 2026, which is 52% below its 10-year median of 3.43. GuruFocus rates BKK:DEXON with a GF Score™ of 39/100 and a GF Value™ of ฿2.00 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 898 Oil & Gas companies, Dexon Technology PCL ranks worse than 56.12% 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 1.66 is in distress zone. This implies bankruptcy possibility in the next two years.
Dexon Technology PCL has a Altman Z-Score of 1.66, 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 Dexon Technology PCL's Altman Z-Score or its related term are showing as below:
BKK:DEXON'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.66 Med: 3.43 Max: 5
Current: 1.66
During the past 5 years, Dexon Technology PCL's highest Altman Z-Score was 5.00. The lowest was 1.66. And the median was 3.43.
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.
Dexon Technology PCL Altman Z-Score Related Terms
Dexon Technology PCL Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Dexon Technology 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.
BKK:DEXON vs SLB, BKR, HAL: Altman Z-Score Comparison
For the Oil & Gas Equipment & Services subindustry, Dexon Technology 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.
Dexon Technology PCL Altman Z-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Dexon Technology PCL's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Dexon Technology 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.
Dexon Technology 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
*
0.3161
+
1.4
*
-0.0497
+
3.3
*
-0.0542
+
0.6
*
1.1876
+
1.0
*
0.8208
=
1.66
* 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.
Dexon Technology PCL (BKK:DEXON) has a Altman Z-Score of 1.66 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Dexon Technology PCL and its competitors. This is 52% below median its historical median of 3.43. Over the past decade, Dexon Technology PCL's Altman Z-Score has ranged from 1.66 to 5.00. According to the industry distribution chart, Dexon Technology PCL ranks #504 out of 898 companies in the Oil & Gas industry, placing it in the top 56.1%.
Is Dexon Technology PCL's Altman Z-Score too high?
Dexon Technology PCL's current Altman Z-Score of 1.66 is 52% below median its 10-year median of 3.43. Over the past 10 years, this metric has ranged from a low of 1.66 to a high of 5.00. The Oil & Gas industry median Altman Z-Score is 1.90. Dexon Technology PCL's value of 1.66 is 12.6% below this industry median. Based on the distribution chart, Dexon Technology PCL ranks #504 out of 898 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Dexon Technology PCL has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dexon Technology PCL's Altman Z-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Dexon Technology PCL ranks #504 out of 898 companies for Altman Z-Score. This places Dexon Technology PCL in the lower half of its industry. The industry median Altman Z-Score is 1.90. Dexon Technology PCL's value of 1.66 is 12.6% below this benchmark. Historically, Dexon Technology PCL's own Altman Z-Score has ranged from 1.66 to 5.00 over the past decade. While the company's 10-year median is 3.43 vs. the industry median of 1.90, Dexon Technology 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 an Oil & Gas company?
The median Altman Z-Score among Oil & Gas companies is 1.90, based on 898 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. Dexon Technology PCL's current Altman Z-Score of 1.66 is 12.6% 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 Dexon Technology PCL and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dexon Technology PCL's current Altman Z-Score is 1.66, which is 52% below median its own 10-year median of 3.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dexon Technology PCL stock overvalued right now?
Based on GuruFocus' analysis, Dexon Technology PCL (BKK:DEXON) is currently considered Possible Value Trap. The stock's GF Value™ is ฿2.00, compared to a current price of ฿0.84 — trading 58% below its estimated fair value. The current Altman Z-Score is 1.66, which is 52% below median its 10-year median of 3.43 and 12.6% below the Oil & Gas industry median of 1.90. Dexon Technology PCL's overall GF Score™ is 39/100 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 Dexon Technology PCL (BKK:DEXON), the current Altman Z-Score is 1.66 as of Jul. 06, 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 Dexon Technology PCL (BKK:DEXON) Overvalued in 2026?
Based on GuruFocus' analysis, Dexon Technology PCL stock appears to be undervalued.
The current stock price of ฿0.84 is trading 58% below its estimated GF Value™ of ฿2.00.
GuruFocus considers Dexon Technology PCL to be Possible Value Trap.
Key valuation signals for BKK:DEXON:
Altman Z-Score: 1.66 (52% below median its 10-year median of 3.43)
GF Value™: ฿2.00 vs. price of ฿0.84 (58% below fair value)
Industry Position: 12.6% below the Oil & Gas median (#504 of 898)
No single metric tells the full story. See the BKK:DEXON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dexon Technology PCL provides non-destructive inspection services, inspection training across a range of inspection standards, and distributes tools, spare parts, and equipment used for the inspection of goods quality. The Group is organised into business units based on its services and has eight reportable segments as follows: Conventional non-destructive inspection; Advance non-destructive testing technology; Advance in-line inspection technology; Research and development innovation; Asset integrity management service; Mechanical and maintenance personnel services; Training services; and Sales. It generates the majority of its revenue from Advance inspection technology.
39GF Score
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