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 0.69 is in distress zone. This implies bankruptcy possibility in the next two years.
Eastern Water Resources Development and Management PCL has a Altman Z-Score of 0.69, 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.
Eastern Water Resources Development and Management PCL (BKK:EASTW) 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.
Eastern Water Resources Development and Management PCL Altman Z-Score Chart
Eastern Water Resources Development and Management PCL Annual Data
* 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.
Eastern Water Resources Development and Management PCL Altman Z-Score vs Utilities - Regulated Industry
Eastern Water Resources Development and Management 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.
Eastern Water Resources Development and Management PCL (BKK:EASTW) has a Altman Z-Score of 0.69 as of Jul. 08, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Eastern Water Resources Development and Management PCL and its competitors. This is 53% below median its historical median of 1.46. Over the past decade, Eastern Water Resources Development and Management PCL's Altman Z-Score has ranged from 0.49 to 2.27. According to the industry distribution chart, Eastern Water Resources Development and Management PCL ranks #412 out of 498 companies in the Utilities - Regulated industry, placing it in the top 82.7%.
Is Eastern Water Resources Development and Management PCL's Altman Z-Score too high?
Eastern Water Resources Development and Management PCL's current Altman Z-Score of 0.69 is 53% below median its 10-year median of 1.46. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 2.27. The Utilities - Regulated industry median Altman Z-Score is 1.27. Eastern Water Resources Development and Management PCL's value of 0.69 is 45.5% below this industry median. Based on the distribution chart, Eastern Water Resources Development and Management PCL ranks #412 out of 498 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Eastern Water Resources Development and Management PCL has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eastern Water Resources Development and Management PCL's Altman Z-Score compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Eastern Water Resources Development and Management PCL ranks #412 out of 498 companies for Altman Z-Score. This places Eastern Water Resources Development and Management PCL in the lower half of its industry. The industry median Altman Z-Score is 1.27. Eastern Water Resources Development and Management PCL's value of 0.69 is 45.5% below this benchmark. Historically, Eastern Water Resources Development and Management PCL's own Altman Z-Score has ranged from 0.49 to 2.27 over the past decade. While the company's 10-year median is 1.46 vs. the industry median of 1.27, Eastern Water Resources Development and Management 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 Utilities - Regulated company?
The median Altman Z-Score among Utilities - Regulated companies is 1.27, based on 498 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. Eastern Water Resources Development and Management PCL's current Altman Z-Score of 0.69 is 45.5% 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 Eastern Water Resources Development and Management PCL and its competitors. For the Utilities - Regulated industry, the median Altman Z-Score is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eastern Water Resources Development and Management PCL's current Altman Z-Score is 0.69, which is 53% below median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eastern Water Resources Development and Management PCL stock overvalued right now?
Based on GuruFocus' analysis, Eastern Water Resources Development and Management PCL (BKK:EASTW) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿2.42, compared to a current price of ฿4.76 — trading 96.7% above its estimated fair value. The current Altman Z-Score is 0.69, which is 53% below median its 10-year median of 1.46 and 45.5% below the Utilities - Regulated industry median of 1.27. Eastern Water Resources Development and Management PCL's overall GF Score™ is 46/100 with 12 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 Eastern Water Resources Development and Management PCL (BKK:EASTW), the current Altman Z-Score is 0.69 as of Jul. 08, 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 Eastern Water Resources Development and Management PCL (BKK:EASTW) Overvalued in 2026?
Based on GuruFocus' analysis, Eastern Water Resources Development and Management PCL stock appears to be overvalued.
The current stock price of ฿4.76 is trading 96.7% above its estimated GF Value™ of ฿2.42.
GuruFocus considers Eastern Water Resources Development and Management PCL to be Significantly Overvalued.
Key valuation signals for BKK:EASTW:
Altman Z-Score: 0.69 (53% below median its 10-year median of 1.46)
GF Value™: ฿2.42 vs. price of ฿4.76 (96.7% above fair value)
Industry Position: 45.5% below the Utilities - Regulated median (#412 of 498)
No single metric tells the full story. See the BKK:EASTW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eastern Water Resources Development and Management PCL Business Description
Eastern Water Resources Development and Management PCL is a Thailand-based water utilities company. The business operations of the company are the development and management of the water distribution pipeline systems in the Eastern Seaboard area of Thailand, the supply of raw water, production and supply of tap water. The segment of the business comprises the supply of raw water, production and supply of tap water, supply of industrial water business, waterworks management, engineering services, and others.
46GF Score
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