Ekachai Medical Care PCL (BKK:EKH) Altman Z-Score: 8.14 (As of Jul. 17, 2026) — 42% Below Median

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BKK:EKH Ekachai Medical Care PCL BKK:EKH
89 GF Score
Price ฿5.00
GF Value ฿6.04
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Ekachai Medical Care PCL Altman Z-Score?

Ekachai Medical Care PCL BKK:EKH -0.99% 89 Altman Z-Score is 8.14 as of Jul. 17, 2026, which is 42% below its 10-year median of 13.95. GuruFocus rates BKK:EKH with a GF Score™ of 89/100 and a GF Value™ of ฿6.04 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 659 Healthcare Providers & Services companies, Ekachai Medical Care PCL ranks better than 87.56% 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 8.2 is strong.

Ekachai Medical Care PCL has a Altman Z-Score of 8.14, 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 Ekachai Medical Care PCL's Altman Z-Score or its related term are showing as below:

BKK:EKH' s Altman Z-Score Range Over the Past 10 Years
Min: 7.23   Med: 13.95   Max: 38.47
Current: 8.2

During the past 11 years, Ekachai Medical Care PCL's highest Altman Z-Score was 38.47. The lowest was 7.23. And the median was 13.95.


Ekachai Medical Care PCL  (BKK:EKH) 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.


Ekachai Medical Care PCL Altman Z-Score Related Terms


Ekachai Medical Care PCL Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Ekachai Medical Care 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.

Ekachai Medical Care PCL Altman Z-Score Chart

Ekachai Medical Care PCL 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 13.97 13.26 11.35 11.78 7.23

Ekachai Medical Care PCL 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 11.77 10.05 8.60 7.23 8.14

BKK:EKH vs HCA, THC, DVA: Altman Z-Score Comparison

For the Medical Care Facilities subindustry, Ekachai Medical Care 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.


Ekachai Medical Care PCL Altman Z-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Ekachai Medical Care PCL's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Ekachai Medical Care PCL's Altman Z-Score falls into.


BKK:EKH
89GF Score
Ekachai Medical Care PCL BKK:EKH
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Ekachai Medical Care 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.

Ekachai Medical Care 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*0.291+1.4*0.1491+3.3*0.1145+0.6*11.3067+1.0*0.4156
=8.14

* 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 ฿2,998 Mil.
Total Current Assets was ฿1,128 Mil.
Total Current Liabilities was ฿255 Mil.
Retained Earnings was ฿447 Mil.
Pre-Tax Income was 80.501 + 105.581 + 94.373 + 60.073 = ฿341 Mil.
Interest Expense was -1.442 + -0.443 + -0.471 + -0.383 = ฿-3 Mil.
Revenue was 306.184 + 332.277 + 331.152 + 276.342 = ฿1,246 Mil.
Market Cap (Today) was ฿4,000 Mil.
Total Liabilities was ฿354 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
=(1127.623 - 255.061)/2998.132
=0.291

X2=Retained Earnings/Total Assets
=447.005/2998.132
=0.1491

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(340.528 - -2.739)/2998.132
=0.1145

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4000.000/353.774
=11.3067

X5=Revenue/Total Assets
=1245.955/2998.132
=0.4156

The zones of discrimination were as such:

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

Ekachai Medical Care PCL has a Altman Z-Score of 8.14 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 8.14 mean?
Ekachai Medical Care PCL (BKK:EKH) has a Altman Z-Score of 8.14 as of Jul. 17, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ekachai Medical Care PCL and its competitors. This is 42% below median its historical median of 13.95. Over the past decade, Ekachai Medical Care PCL's Altman Z-Score has ranged from 7.23 to 38.47. According to the industry distribution chart, Ekachai Medical Care PCL ranks #82 out of 659 companies in the Healthcare Providers & Services industry, placing it in the top 12.4%.
Is Ekachai Medical Care PCL's Altman Z-Score too high?
Ekachai Medical Care PCL's current Altman Z-Score of 8.14 is 42% below median its 10-year median of 13.95. Over the past 10 years, this metric has ranged from a low of 7.23 to a high of 38.47. The Healthcare Providers & Services industry median Altman Z-Score is 2.45. Ekachai Medical Care PCL's value of 8.14 is 232.2% above this industry median. Based on the distribution chart, Ekachai Medical Care PCL ranks #82 out of 659 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Ekachai Medical Care PCL has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ekachai Medical Care PCL's Altman Z-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Ekachai Medical Care PCL ranks #82 out of 659 companies for Altman Z-Score. This places Ekachai Medical Care PCL in the top 12% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.45. Ekachai Medical Care PCL's value of 8.14 is 232.2% above this benchmark. Historically, Ekachai Medical Care PCL's own Altman Z-Score has ranged from 7.23 to 38.47 over the past decade. While the company's 10-year median is 13.95 vs. the industry median of 2.45, Ekachai Medical Care 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 a Healthcare Providers & Services company?
The median Altman Z-Score among Healthcare Providers & Services companies is 2.45, based on 659 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. Ekachai Medical Care PCL's current Altman Z-Score of 8.14 is 232.2% 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 Ekachai Medical Care PCL and its competitors. For the Healthcare Providers & Services industry, the median Altman Z-Score is 2.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ekachai Medical Care PCL's current Altman Z-Score is 8.14, which is 42% below median its own 10-year median of 13.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ekachai Medical Care PCL stock overvalued right now?
Based on GuruFocus' analysis, Ekachai Medical Care PCL (BKK:EKH) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿6.04, compared to a current price of ฿5.00 — trading 17.2% below its estimated fair value. The current Altman Z-Score is 8.14, which is 42% below median its 10-year median of 13.95 and 232.2% above the Healthcare Providers & Services industry median of 2.45. Ekachai Medical Care PCL's overall GF Score™ is 89/100 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 Ekachai Medical Care PCL (BKK:EKH), the current Altman Z-Score is 8.14 as of Jul. 17, 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 Ekachai Medical Care PCL (BKK:EKH) Overvalued in 2026?

Based on GuruFocus' analysis, Ekachai Medical Care PCL stock appears to be undervalued. The current stock price of ฿5.00 is trading 17.2% below its estimated GF Value™ of ฿6.04. GuruFocus considers Ekachai Medical Care PCL to be Modestly Undervalued.

Key valuation signals for BKK:EKH:

  • Altman Z-Score: 8.14 (42% below median its 10-year median of 13.95)
  • GF Value™: ฿6.04 vs. price of ฿5.00 (17.2% below fair value)
  • GF Score™: 89/100 with 3 warning signs
  • Industry Position: 232.2% above the Healthcare Providers & Services median (#82 of 659)

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


Ekachai Medical Care PCL Business Description

Address 99/9 Moo 4, Ekachai Road, Khok-kham, Muang Samut Sakorn, Samut Sakorn, THA, 74000
Ekachai Medical Care PCL is engaged in hospital business. Its services include plastic surgery, IVF Fertility & Genetic Center, Ophthalmology Center, Obstertrics and Gynaecology Center, Pediatrics Center, Orthopedics Center, General Surgery Center, Dental center, therapy, Aesthetic & Dermatology Center, among others. The group is engaged in the hospital business and infertility center. Its operations are carried on only in Thailand.
89GF Score

Get the complete analysis for BKK:EKH

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

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