Triple i Logistics PCLBKK:III +0.94%76 Altman Z-Score is 3.28 as of Jul. 03, 2026, which is 29% below its 10-year median of 4.59. GuruFocus rates BKK:III with a GF Score™ of 76/100 and a GF Value™ of ฿6.60 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 994 Transportation companies, Triple i Logistics PCL ranks better than 68.91% 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 3.26 is strong.
Triple i Logistics PCL has a Altman Z-Score of 3.28, 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 Triple i Logistics PCL's Altman Z-Score or its related term are showing as below:
BKK:III'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.25 Med: 4.59 Max: 10.85
Current: 3.26
During the past 12 years, Triple i Logistics PCL's highest Altman Z-Score was 10.85. The lowest was 2.25. And the median was 4.59.
Triple i Logistics PCL (BKK:III) 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.
Altman Z-Score does not apply to financial companies.
Triple i Logistics PCL Altman Z-Score Related Terms
Triple i Logistics PCL Altman Z-Score Historical Data
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The historical data trend for Triple i Logistics 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:III vs UPS, FDX, JBHT: Altman Z-Score Comparison
For the Integrated Freight & Logistics subindustry, Triple i Logistics 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.
Triple i Logistics PCL Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Triple i Logistics PCL's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Triple i Logistics 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.
Triple i Logistics PCL (BKK:III) has a Altman Z-Score of 3.28 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Triple i Logistics PCL and its competitors. This is 29% below median its historical median of 4.59. Over the past decade, Triple i Logistics PCL's Altman Z-Score has ranged from 2.25 to 10.85. According to the industry distribution chart, Triple i Logistics PCL ranks #309 out of 994 companies in the Transportation industry, placing it in the top 31.1%.
Is Triple i Logistics PCL's Altman Z-Score too high?
Triple i Logistics PCL's current Altman Z-Score of 3.28 is 29% below median its 10-year median of 4.59. Over the past 10 years, this metric has ranged from a low of 2.25 to a high of 10.85. The Transportation industry median Altman Z-Score is 2.27. Triple i Logistics PCL's value of 3.28 is 44.5% above this industry median. Based on the distribution chart, Triple i Logistics PCL ranks #309 out of 994 companies in the Transportation industry, which is above the industry midpoint. Overall, Triple i Logistics PCL has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Triple i Logistics PCL's Altman Z-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Triple i Logistics PCL ranks #309 out of 994 companies for Altman Z-Score. This puts Triple i Logistics PCL in the upper half of its industry. The industry median Altman Z-Score is 2.27. Triple i Logistics PCL's value of 3.28 is 44.5% above this benchmark. Historically, Triple i Logistics PCL's own Altman Z-Score has ranged from 2.25 to 10.85 over the past decade. While the company's 10-year median is 4.59 vs. the industry median of 2.27, Triple i Logistics 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.27, based on 994 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. Triple i Logistics PCL's current Altman Z-Score of 3.28 is 44.5% 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 Triple i Logistics PCL and its competitors. For the Transportation industry, the median Altman Z-Score is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Triple i Logistics PCL's current Altman Z-Score is 3.28, which is 29% below median its own 10-year median of 4.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Triple i Logistics PCL stock overvalued right now?
Based on GuruFocus' analysis, Triple i Logistics PCL (BKK:III) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿6.60, compared to a current price of ฿4.30 — trading 34.8% below its estimated fair value. The current Altman Z-Score is 3.28, which is 29% below median its 10-year median of 4.59 and 44.5% above the Transportation industry median of 2.27. Triple i Logistics PCL's overall GF Score™ is 76/100 with 5 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 Triple i Logistics PCL (BKK:III), the current Altman Z-Score is 3.28 as of Jul. 03, 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 Triple i Logistics PCL (BKK:III) Overvalued in 2026?
Based on GuruFocus' analysis, Triple i Logistics PCL stock appears to be undervalued.
The current stock price of ฿4.30 is trading 34.8% below its estimated GF Value™ of ฿6.60.
GuruFocus considers Triple i Logistics PCL to be Significantly Undervalued.
Key valuation signals for BKK:III:
Altman Z-Score: 3.28 (29% below median its 10-year median of 4.59)
GF Value™: ฿6.60 vs. price of ฿4.30 (34.8% below fair value)
Industry Position: 44.5% above the Transportation median (#309 of 994)
No single metric tells the full story. See the BKK:III stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Triple i Logistics PCL is a logistics service provider in Thailand. The company's reportable segments include Air Freight, Logistics Management, and Logistics for Chemical and Hazardous Goods. The Air Freight segment operates as an air freight forwarder for both domestic and international routes and provides related airport warehouse management services. The Logistics Management segment provides integrated logistics services by air, inland, and sea for domestic and overseas transportation. The Logistics for Chemical and Hazardous Goods segment offers logistics solutions for sea, air, rail, and inland transport, including warehouse management and distribution services for chemical and hazardous materials. It generates the majority of its revenue from the Air Freight segment.
76GF Score
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