Filter Vision PCLBKK:FVC +3.23%41 Altman Z-Score is 1.50 as of Jun. 28, 2026, which is 29% below its 10-year median of 2.11. GuruFocus rates BKK:FVC with a GF Score™ of 41/100 and a GF Value™ of ฿0.47 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 3,006 Industrial Products companies, Filter Vision PCL ranks worse than 83.57% 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 1.5 is in distress zone. This implies bankruptcy possibility in the next two years.
Filter Vision PCL has a Altman Z-Score of 1.50, 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 Filter Vision PCL's Altman Z-Score or its related term are showing as below:
BKK:FVC'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.61 Med: 2.11 Max: 12.26
Current: 1.5
During the past 13 years, Filter Vision PCL's highest Altman Z-Score was 12.26. The lowest was 0.61. And the median was 2.11.
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.
Filter Vision PCL Altman Z-Score Related Terms
Filter Vision PCL Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Filter Vision 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:FVC vs VLTO, ZWS, CECO: Altman Z-Score Comparison
For the Pollution & Treatment Controls subindustry, Filter Vision 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.
Filter Vision PCL Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Filter Vision PCL's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Filter Vision 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.
Filter Vision 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
*
0.3941
+
1.4
*
0.0453
+
3.3
*
0.0314
+
0.6
*
0.6032
+
1.0
*
0.4984
=
1.50
* 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.
Filter Vision PCL (BKK:FVC) has a Altman Z-Score of 1.50 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Filter Vision PCL and its competitors. This is 29% below median its historical median of 2.11. Over the past decade, Filter Vision PCL's Altman Z-Score has ranged from 0.61 to 12.26. According to the industry distribution chart, Filter Vision PCL ranks #2512 out of 3006 companies in the Industrial Products industry, placing it in the top 83.6%.
Is Filter Vision PCL's Altman Z-Score too high?
Filter Vision PCL's current Altman Z-Score of 1.50 is 29% below median its 10-year median of 2.11. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 12.26. The Industrial Products industry median Altman Z-Score is 3.34. Filter Vision PCL's value of 1.50 is 55% below this industry median. Based on the distribution chart, Filter Vision PCL ranks #2512 out of 3006 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Filter Vision PCL has a GF Score™ of 41/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Filter Vision PCL's Altman Z-Score compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Filter Vision PCL ranks #2512 out of 3006 companies for Altman Z-Score. This places Filter Vision PCL in the lower half of its industry. The industry median Altman Z-Score is 3.34. Filter Vision PCL's value of 1.50 is 55% below this benchmark. Historically, Filter Vision PCL's own Altman Z-Score has ranged from 0.61 to 12.26 over the past decade. While the company's 10-year median is 2.11 vs. the industry median of 3.34, Filter Vision 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 Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.34, based on 3,006 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. Filter Vision PCL's current Altman Z-Score of 1.50 is 55% 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 Filter Vision PCL and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Filter Vision PCL's current Altman Z-Score is 1.50, which is 29% below median its own 10-year median of 2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Filter Vision PCL stock overvalued right now?
Based on GuruFocus' analysis, Filter Vision PCL (BKK:FVC) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.47, compared to a current price of ฿0.32 — trading 31.9% below its estimated fair value. The current Altman Z-Score is 1.50, which is 29% below median its 10-year median of 2.11 and 55% below the Industrial Products industry median of 3.34. Filter Vision PCL's overall GF Score™ is 41/100 with 7 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 Filter Vision PCL (BKK:FVC), the current Altman Z-Score is 1.50 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 Filter Vision PCL (BKK:FVC) Overvalued in 2026?
Based on GuruFocus' analysis, Filter Vision PCL stock appears to be undervalued.
The current stock price of ฿0.32 is trading 31.9% below its estimated GF Value™ of ฿0.47.
GuruFocus considers Filter Vision PCL to be Possible Value Trap.
Key valuation signals for BKK:FVC:
Altman Z-Score: 1.50 (29% below median its 10-year median of 2.11)
GF Value™: ฿0.47 vs. price of ฿0.32 (31.9% below fair value)
Industry Position: 55% below the Industrial Products median (#2512 of 3006)
No single metric tells the full story. See the BKK:FVC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Filter Vision PCL is engaged in the pure water treatment business. It operates in Thailand and is involved in the distribution, design, assembly, and installation of the pure water treatment system and service preventive maintenance of the pure water treatment system. The group's reportable segments are Sales and services for pure water treatment system to industrial and original equipment manufacturing water system segment; Sales and services for pure water treatment system to commercial and residential segment; Industrial estate development and integrated infrastructure & utility services; and Sales and services for medical service segment. It derives maximum revenue from Sales and services for medical service segment.
41GF Score
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