FN Factory Outlet PCLBKK:FN -2.08%56 Altman Z-Score is 1.25 as of Jun. 27, 2026, which is 74% below its 10-year median of 4.82. GuruFocus rates BKK:FN with a GF Score™ of 56/100 and a GF Value™ of ฿1.07 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,117 Retail - Cyclical companies, FN Factory Outlet PCL ranks worse than 78.07% 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 1.3 is in distress zone. This implies bankruptcy possibility in the next two years.
FN Factory Outlet PCL has a Altman Z-Score of 1.25, 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 FN Factory Outlet PCL's Altman Z-Score or its related term are showing as below:
BKK:FN'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.15 Med: 4.82 Max: 44.04
Current: 1.3
During the past 10 years, FN Factory Outlet PCL's highest Altman Z-Score was 44.04. The lowest was 1.15. And the median was 4.82.
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.
FN Factory Outlet PCL Altman Z-Score Related Terms
FN Factory Outlet PCL Altman Z-Score Historical Data
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The historical data trend for FN Factory Outlet 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:FN vs TJX, ROST, BURL: Altman Z-Score Comparison
For the Apparel Retail subindustry, FN Factory Outlet 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.
FN Factory Outlet PCL Altman Z-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, FN Factory Outlet PCL's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where FN Factory Outlet 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.
* 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.
FN Factory Outlet PCL (BKK:FN) has a Altman Z-Score of 1.25 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on FN Factory Outlet PCL and its competitors. This is 74% below median its historical median of 4.82. Over the past decade, FN Factory Outlet PCL's Altman Z-Score has ranged from 1.15 to 44.04. According to the industry distribution chart, FN Factory Outlet PCL ranks #872 out of 1117 companies in the Retail - Cyclical industry, placing it in the top 78.1%.
Is FN Factory Outlet PCL's Altman Z-Score too high?
FN Factory Outlet PCL's current Altman Z-Score of 1.25 is 74% below median its 10-year median of 4.82. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 44.04. The Retail - Cyclical industry median Altman Z-Score is 2.73. FN Factory Outlet PCL's value of 1.25 is 54.2% below this industry median. Based on the distribution chart, FN Factory Outlet PCL ranks #872 out of 1117 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, FN Factory Outlet PCL has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does FN Factory Outlet PCL's Altman Z-Score compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, FN Factory Outlet PCL ranks #872 out of 1117 companies for Altman Z-Score. This places FN Factory Outlet PCL in the lower half of its industry. The industry median Altman Z-Score is 2.73. FN Factory Outlet PCL's value of 1.25 is 54.2% below this benchmark. Historically, FN Factory Outlet PCL's own Altman Z-Score has ranged from 1.15 to 44.04 over the past decade. While the company's 10-year median is 4.82 vs. the industry median of 2.73, FN Factory Outlet 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 Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.73, based on 1,117 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. FN Factory Outlet PCL's current Altman Z-Score of 1.25 is 54.2% 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 FN Factory Outlet PCL and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FN Factory Outlet PCL's current Altman Z-Score is 1.25, which is 74% below median its own 10-year median of 4.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FN Factory Outlet PCL stock overvalued right now?
Based on GuruFocus' analysis, FN Factory Outlet PCL (BKK:FN) is currently considered Possible Value Trap. The stock's GF Value™ is ฿1.07, compared to a current price of ฿0.47 — trading 56.1% below its estimated fair value. The current Altman Z-Score is 1.25, which is 74% below median its 10-year median of 4.82 and 54.2% below the Retail - Cyclical industry median of 2.73. FN Factory Outlet PCL's overall GF Score™ is 56/100 with 4 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 FN Factory Outlet PCL (BKK:FN), the current Altman Z-Score is 1.25 as of Jun. 27, 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 FN Factory Outlet PCL (BKK:FN) Overvalued in 2026?
Based on GuruFocus' analysis, FN Factory Outlet PCL stock appears to be undervalued.
The current stock price of ฿0.47 is trading 56.1% below its estimated GF Value™ of ฿1.07.
GuruFocus considers FN Factory Outlet PCL to be Possible Value Trap.
Key valuation signals for BKK:FN:
Altman Z-Score: 1.25 (74% below median its 10-year median of 4.82)
GF Value™: ฿1.07 vs. price of ฿0.47 (56.1% below fair value)
Industry Position: 54.2% below the Retail - Cyclical median (#872 of 1117)
No single metric tells the full story. See the BKK:FN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FN Factory Outlet PCL is principally engaged in merchandising of clothing and consumer products in Thailand. The subsidiary is principally engaged in distributing inventive products of health care and environmental. It products includes FN Apparel, FN Sleep, FN Home, FN Care, FN Travel, FN Sports, and FN EAT. The company and its subsidiary operate in Thailand.
56GF Score
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