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Masstec Link PCLBKK:MASTEC 17 Altman Z-Score is 2.35 as of Jul. 29, 2026, which is 22% above its 10-year median of 1.93. GuruFocus rates BKK:MASTEC with a GF Score™ of 17/100. The stock has 7 warning signs investors should review. Among 155 Industrial Distribution companies, Masstec Link PCL ranks worse than 69.03% 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 2.35 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.
Masstec Link PCL has a Altman Z-Score of 2.35, indicating it is in Grey Zones. This implies that Masstec Link 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 Masstec Link PCL's Altman Z-Score or its related term are showing as below:
BKK:MASTEC'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.93 Med: 1.93 Max: 2.35
Current: 2.35
During the past 3 years, Masstec Link PCL's highest Altman Z-Score was 2.35. The lowest was 1.93. And the median was 1.93.
Masstec Link PCL (BKK:MASTEC) 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.
Masstec Link PCL Altman Z-Score Related Terms
Masstec Link PCL Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Masstec Link 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.
Masstec Link PCL Altman Z-Score Chart
Masstec Link PCL Annual Data
Trend
Dec23
Dec24
Dec25
Altman Z-Score
0.00
0.00
1.93
Masstec Link PCL Semi-Annual Data
Dec23
Jun24
Dec24
Jun25
Dec25
Altman Z-Score
0.00
0.00
0.00
0.00
1.93
BKK:MASTEC vs GWW, FAST, FERG: Altman Z-Score Comparison
For the Industrial Distribution subindustry, Masstec Link 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.
Masstec Link PCL Altman Z-Score vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Masstec Link PCL's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Masstec Link 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.
Masstec Link 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
*
0.2121
+
1.4
*
0.0583
+
3.3
*
0.0486
+
0.6
*
1.3956
+
1.0
*
1.0166
=
2.35
* 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.
Masstec Link PCL (BKK:MASTEC) has a Altman Z-Score of 2.35 as of Jul. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Masstec Link PCL and its competitors. This is 22% above median its historical median of 1.93. Over the past decade, Masstec Link PCL's Altman Z-Score has ranged from 1.93 to 2.35. According to the industry distribution chart, Masstec Link PCL ranks #107 out of 155 companies in the Industrial Distribution industry, placing it in the top 69%.
Is Masstec Link PCL's Altman Z-Score too high?
Masstec Link PCL's current Altman Z-Score of 2.35 is 22% above median its 10-year median of 1.93. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 2.35. The Industrial Distribution industry median Altman Z-Score is 3.24. Masstec Link PCL's value of 2.35 is 27.5% below this industry median. Based on the distribution chart, Masstec Link PCL ranks #107 out of 155 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Masstec Link PCL has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Masstec Link PCL's Altman Z-Score compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Masstec Link PCL ranks #107 out of 155 companies for Altman Z-Score. This places Masstec Link PCL in the lower half of its industry. The industry median Altman Z-Score is 3.24. Masstec Link PCL's value of 2.35 is 27.5% below this benchmark. Historically, Masstec Link PCL's own Altman Z-Score has ranged from 1.93 to 2.35 over the past decade. While the company's 10-year median is 1.93 vs. the industry median of 3.24, Masstec Link 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 Distribution company?
The median Altman Z-Score among Industrial Distribution companies is 3.24, based on 155 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. Masstec Link PCL's current Altman Z-Score of 2.35 is 27.5% 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 Masstec Link PCL and its competitors. For the Industrial Distribution industry, the median Altman Z-Score is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Masstec Link PCL's current Altman Z-Score is 2.35, which is 22% above median its own 10-year median of 1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Masstec Link PCL stock overvalued right now?
Masstec Link PCL (BKK:MASTEC) has a current Altman Z-Score of 2.35. The current Altman Z-Score is 2.35, which is 22% above median its 10-year median of 1.93 and 27.5% below the Industrial Distribution industry median of 3.24. Masstec Link PCL's overall GF Score™ is 17/100 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 Masstec Link PCL (BKK:MASTEC), the current Altman Z-Score is 2.35 as of Jul. 29, 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.
Masstec Link PCL imports and supplies engineering products. The segment information can be classified into two categories: Sales segment: This segment involves the distribution of equipment for air conditioning systems, sanitary systems, fire protection systems, refrigerant piping systems, air duct systems, swimming pool systems, water pumping systems, fire barrier systems, and electric vehicle charging; Service segment: This segment provides procurement, design, installation, and repair maintenance service related to air conditioning systems, sanitary systems, fire protection systems, water pumping systems, cooling tower systems, air duct systems, fire barrier systems, energy-saving products for water treatment systems, cooling systems, chilled water systems for commercial AC.
17GF Score
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