Interlink Communication PCL (BKK:ILINK) Altman Z-Score: 2.77 (As of Jul. 21, 2026) — 101% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:ILINK Interlink Communication PCL BKK:ILINK
65 GF Score
Price ฿5.15
GF Value ฿2.97
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Interlink Communication PCL Altman Z-Score?

Interlink Communication PCL BKK:ILINK 65 Altman Z-Score is 2.77 as of Jul. 21, 2026, which is 101% above its 10-year median of 1.38. GuruFocus rates BKK:ILINK with a GF Score™ of 65/100 and a GF Value™ of ฿2.97 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,459 Hardware companies, Interlink Communication PCL ranks worse than 61.12% 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 2.77 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Interlink Communication PCL has a Altman Z-Score of 2.77, indicating it is in Grey Zones. This implies that Interlink Communication PCL is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 Interlink Communication PCL's Altman Z-Score or its related term are showing as below:

BKK:ILINK' s Altman Z-Score Range Over the Past 10 Years
Min: 0.95   Med: 1.38   Max: 3.78
Current: 2.77

During the past 13 years, Interlink Communication PCL's highest Altman Z-Score was 3.78. The lowest was 0.95. And the median was 1.38.


Interlink Communication PCL  (BKK:ILINK) 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.


Interlink Communication PCL Altman Z-Score Related Terms


Interlink Communication PCL Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Interlink Communication 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.

Interlink Communication PCL Altman Z-Score Chart

Interlink Communication 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 1.37 1.58 1.48 1.17 3.06

Interlink Communication 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 1.14 1.12 1.07 3.06 2.60

BKK:ILINK vs CSCO, CIEN, MSI: Altman Z-Score Comparison

For the Communication Equipment subindustry, Interlink Communication 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.


Interlink Communication PCL Altman Z-Score vs Hardware Industry

For the Hardware industry and Technology sector, Interlink Communication PCL's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Interlink Communication PCL's Altman Z-Score falls into.


BKK:ILINK
65GF Score
Interlink Communication PCL BKK:ILINK
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Interlink Communication 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.

Interlink Communication 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*0.451+1.4*0.3339+3.3*-0.0906+0.6*2.5802+1.0*0.5088
=2.77

* 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 ฿4,884 Mil.
Total Current Assets was ฿3,213 Mil.
Total Current Liabilities was ฿1,010 Mil.
Retained Earnings was ฿1,631 Mil.
Pre-Tax Income was 96.406 + -638.097 + 74.856 + 64.421 = ฿-402 Mil.
Interest Expense was -0.222 + 118.02 + -37.49 + -40.513 = ฿40 Mil.
Revenue was 978.076 + -1450.654 + 1657.653 + 1299.489 = ฿2,485 Mil.
Market Cap (Today) was ฿2,800 Mil.
Total Liabilities was ฿1,085 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
=(3212.749 - 1010.226)/4883.501
=0.451

X2=Retained Earnings/Total Assets
=1630.769/4883.501
=0.3339

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-402.414 - 39.795)/4883.501
=-0.0906

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2799.706/1085.089
=2.5802

X5=Revenue/Total Assets
=2484.564/4883.501
=0.5088

The zones of discrimination were as such:

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

Interlink Communication PCL has a Altman Z-Score of 2.77 indicating it is in Grey 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 2.77 mean?
Interlink Communication PCL (BKK:ILINK) has a Altman Z-Score of 2.77 as of Jul. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Interlink Communication PCL and its competitors. This is 101% above median its historical median of 1.38. Over the past decade, Interlink Communication PCL's Altman Z-Score has ranged from 0.95 to 3.78. According to the industry distribution chart, Interlink Communication PCL ranks #1503 out of 2459 companies in the Hardware industry, placing it in the top 61.1%.
Is Interlink Communication PCL's Altman Z-Score too high?
Interlink Communication PCL's current Altman Z-Score of 2.77 is 101% above median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 0.95 to a high of 3.78. The Hardware industry median Altman Z-Score is 3.45. Interlink Communication PCL's value of 2.77 is 19.7% below this industry median. Based on the distribution chart, Interlink Communication PCL ranks #1503 out of 2459 companies in the Hardware industry, which is below the industry midpoint. Overall, Interlink Communication PCL has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Interlink Communication PCL's Altman Z-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Interlink Communication PCL ranks #1503 out of 2459 companies for Altman Z-Score. This places Interlink Communication PCL in the lower half of its industry. The industry median Altman Z-Score is 3.45. Interlink Communication PCL's value of 2.77 is 19.7% below this benchmark. Historically, Interlink Communication PCL's own Altman Z-Score has ranged from 0.95 to 3.78 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 3.45, Interlink Communication 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.45, based on 2,459 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. Interlink Communication PCL's current Altman Z-Score of 2.77 is 19.7% 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 Interlink Communication PCL and its competitors. For the Hardware industry, the median Altman Z-Score is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Interlink Communication PCL's current Altman Z-Score is 2.77, which is 101% above median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Interlink Communication PCL stock overvalued right now?
Based on GuruFocus' analysis, Interlink Communication PCL (BKK:ILINK) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿2.97, compared to a current price of ฿5.15 — trading 73.4% above its estimated fair value. The current Altman Z-Score is 2.77, which is 101% above median its 10-year median of 1.38 and 19.7% below the Hardware industry median of 3.45. Interlink Communication PCL's overall GF Score™ is 65/100 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 Interlink Communication PCL (BKK:ILINK), the current Altman Z-Score is 2.77 as of Jul. 21, 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 Interlink Communication PCL (BKK:ILINK) Overvalued in 2026?

Based on GuruFocus' analysis, Interlink Communication PCL stock appears to be overvalued. The current stock price of ฿5.15 is trading 73.4% above its estimated GF Value™ of ฿2.97. GuruFocus considers Interlink Communication PCL to be Significantly Overvalued.

Key valuation signals for BKK:ILINK:

  • Altman Z-Score: 2.77 (101% above median its 10-year median of 1.38)
  • GF Value™: ฿2.97 vs. price of ฿5.15 (73.4% above fair value)
  • GF Score™: 65/100 with 7 warning signs
  • Industry Position: 19.7% below the Hardware median (#1503 of 2459)

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


Interlink Communication PCL Business Description

Address Ratchadapisek Road, 48 Interlink Building, Soi Rung Rueng, Samsennok, Huaykwang, Bangkok, THA, 10310
Interlink Communication PCL is engages in business of importer and distributor of IT network cabling system products and service outsourcing in the design and installation of network, cabling system for computers and telecommunications including high-speed network rendering, data center space service and project and services related to the information, communication technology and products, and distribution and service relating medical equipment. The company has two segments Distribution Business and Engineering Business. It generates prime revenue from the Distribution segment.
65GF Score

Get the complete analysis for BKK:ILINK

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

฿5.15
Price
฿2.97
GF Value