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Mahachai Hospital PCLBKK:M-CHAI +0.52%73 Altman Z-Score is 1.15 as of Jul. 15, 2026, which is 3% below its 10-year median of 1.18. GuruFocus rates BKK:M-CHAI with a GF Score™ of 73/100 and a GF Value™ of ฿28.66 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 660 Healthcare Providers & Services companies, Mahachai Hospital PCL ranks worse than 72.73% 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 1.15 is in distress zone. This implies bankruptcy possibility in the next two years.
Mahachai Hospital PCL has a Altman Z-Score of 1.15, 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 Mahachai Hospital PCL's Altman Z-Score or its related term are showing as below:
BKK:M-CHAI'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.33 Med: 1.18 Max: 3.04
Current: 1.15
During the past 13 years, Mahachai Hospital PCL's highest Altman Z-Score was 3.04. The lowest was 0.33. And the median was 1.18.
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.
Mahachai Hospital PCL Altman Z-Score Related Terms
Mahachai Hospital PCL Altman Z-Score Historical Data
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The historical data trend for Mahachai Hospital 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:M-CHAI vs HCA, THC, DVA: Altman Z-Score Comparison
For the Medical Care Facilities subindustry, Mahachai Hospital 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.
Mahachai Hospital PCL Altman Z-Score vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Mahachai Hospital PCL's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Mahachai Hospital 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.
Mahachai Hospital PCL (BKK:M-CHAI) has a Altman Z-Score of 1.15 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Mahachai Hospital PCL and its competitors. This is near median its historical median of 1.18. Over the past decade, Mahachai Hospital PCL's Altman Z-Score has ranged from 0.33 to 3.04. According to the industry distribution chart, Mahachai Hospital PCL ranks #480 out of 660 companies in the Healthcare Providers & Services industry, placing it in the top 72.7%.
Is Mahachai Hospital PCL's Altman Z-Score too high?
Mahachai Hospital PCL's current Altman Z-Score of 1.15 is near median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 3.04. The Healthcare Providers & Services industry median Altman Z-Score is 2.44. Mahachai Hospital PCL's value of 1.15 is 52.9% below this industry median. Based on the distribution chart, Mahachai Hospital PCL ranks #480 out of 660 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Mahachai Hospital PCL has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mahachai Hospital PCL's Altman Z-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Mahachai Hospital PCL ranks #480 out of 660 companies for Altman Z-Score. This places Mahachai Hospital PCL in the lower half of its industry. The industry median Altman Z-Score is 2.44. Mahachai Hospital PCL's value of 1.15 is 52.9% below this benchmark. Historically, Mahachai Hospital PCL's own Altman Z-Score has ranged from 0.33 to 3.04 over the past decade. While the company's 10-year median is 1.18 vs. the industry median of 2.44, Mahachai Hospital 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 Healthcare Providers & Services company?
The median Altman Z-Score among Healthcare Providers & Services companies is 2.44, based on 660 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. Mahachai Hospital PCL's current Altman Z-Score of 1.15 is 52.9% 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 Mahachai Hospital PCL and its competitors. For the Healthcare Providers & Services industry, the median Altman Z-Score is 2.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mahachai Hospital PCL's current Altman Z-Score is 1.15, which is near median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mahachai Hospital PCL stock overvalued right now?
Based on GuruFocus' analysis, Mahachai Hospital PCL (BKK:M-CHAI) is currently considered Possible Value Trap. The stock's GF Value™ is ฿28.66, compared to a current price of ฿19.40 — trading 32.3% below its estimated fair value. The current Altman Z-Score is 1.15, which is near median its 10-year median of 1.18 and 52.9% below the Healthcare Providers & Services industry median of 2.44. Mahachai Hospital PCL's overall GF Score™ is 73/100 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 Mahachai Hospital PCL (BKK:M-CHAI), the current Altman Z-Score is 1.15 as of Jul. 15, 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 Mahachai Hospital PCL (BKK:M-CHAI) Overvalued in 2026?
Based on GuruFocus' analysis, Mahachai Hospital PCL stock appears to be undervalued.
The current stock price of ฿19.40 is trading 32.3% below its estimated GF Value™ of ฿28.66.
GuruFocus considers Mahachai Hospital PCL to be Possible Value Trap.
Key valuation signals for BKK:M-CHAI:
Altman Z-Score: 1.15 (near median its 10-year median of 1.18)
GF Value™: ฿28.66 vs. price of ฿19.40 (32.3% below fair value)
Industry Position: 52.9% below the Healthcare Providers & Services median (#480 of 660)
No single metric tells the full story. See the BKK:M-CHAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mahachai Hospital PCL is a Thailand-based company offering medical services. It operates in the hospital and medical trading business. The company is engaged in operating a private hospital under the name of Mahachai Hospital. It offers various medical services, including a urology clinic, blood and cancer clinic, surgery, obstetrics and gynecology, ear, nose, and throat clinic, general clinic, dental and implants center, skin and beauty center, and physical department. The company operates in Thailand only.
73GF Score
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