Proen PCLBKK:PROEN -1.06%43 Altman Z-Score is 1.24 as of Jul. 01, 2026, which is 21% below its 10-year median of 1.57. GuruFocus rates BKK:PROEN with a GF Score™ of 43/100 and a GF Value™ of ฿0.83 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 364 Telecommunication Services companies, Proen PCL ranks worse than 64.29% 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 1.23 is in distress zone. This implies bankruptcy possibility in the next two years.
Proen PCL has a Altman Z-Score of 1.24, 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 Proen PCL's Altman Z-Score or its related term are showing as below:
BKK:PROEN'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.74 Med: 1.57 Max: 4.9
Current: 1.23
During the past 7 years, Proen PCL's highest Altman Z-Score was 4.90. The lowest was 0.74. And the median was 1.57.
Proen PCL (BKK:PROEN) 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.
Proen PCL Altman Z-Score Related Terms
Proen PCL Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Proen 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:PROEN vs TMUS, VZ, T: Altman Z-Score Comparison
For the Telecom Services subindustry, Proen 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.
Proen PCL Altman Z-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Proen PCL's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Proen 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.
Proen 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
*
0.2624
+
1.4
*
0.0125
+
3.3
*
0.033
+
0.6
*
0.6287
+
1.0
*
0.4176
=
1.24
* 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.
Proen PCL (BKK:PROEN) has a Altman Z-Score of 1.24 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Proen PCL and its competitors. This is 21% below median its historical median of 1.57. Over the past decade, Proen PCL's Altman Z-Score has ranged from 0.74 to 4.90. According to the industry distribution chart, Proen PCL ranks #234 out of 364 companies in the Telecommunication Services industry, placing it in the top 64.3%.
Is Proen PCL's Altman Z-Score too high?
Proen PCL's current Altman Z-Score of 1.24 is 21% below median its 10-year median of 1.57. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 4.90. The Telecommunication Services industry median Altman Z-Score is 1.72. Proen PCL's value of 1.24 is 27.7% below this industry median. Based on the distribution chart, Proen PCL ranks #234 out of 364 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Proen PCL has a GF Score™ of 43/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Proen PCL's Altman Z-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Proen PCL ranks #234 out of 364 companies for Altman Z-Score. This places Proen PCL in the lower half of its industry. The industry median Altman Z-Score is 1.72. Proen PCL's value of 1.24 is 27.7% below this benchmark. Historically, Proen PCL's own Altman Z-Score has ranged from 0.74 to 4.90 over the past decade. While the company's 10-year median is 1.57 vs. the industry median of 1.72, Proen 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 Telecommunication Services company?
The median Altman Z-Score among Telecommunication Services companies is 1.72, based on 364 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. Proen PCL's current Altman Z-Score of 1.24 is 27.7% 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 Proen PCL and its competitors. For the Telecommunication Services industry, the median Altman Z-Score is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Proen PCL's current Altman Z-Score is 1.24, which is 21% below median its own 10-year median of 1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Proen PCL stock overvalued right now?
Based on GuruFocus' analysis, Proen PCL (BKK:PROEN) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.83, compared to a current price of ฿0.93 — trading 12% above its estimated fair value. The current Altman Z-Score is 1.24, which is 21% below median its 10-year median of 1.57 and 27.7% below the Telecommunication Services industry median of 1.72. Proen PCL's overall GF Score™ is 43/100 with 2 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 Proen PCL (BKK:PROEN), the current Altman Z-Score is 1.24 as of Jul. 01, 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 Proen PCL (BKK:PROEN) Overvalued in 2026?
Based on GuruFocus' analysis, Proen PCL stock appears to be overvalued.
The current stock price of ฿0.93 is trading 12% above its estimated GF Value™ of ฿0.83.
GuruFocus considers Proen PCL to be Modestly Overvalued.
Key valuation signals for BKK:PROEN:
Altman Z-Score: 1.24 (21% below median its 10-year median of 1.57)
GF Value™: ฿0.83 vs. price of ฿0.93 (12% above fair value)
Industry Position: 27.7% below the Telecommunication Services median (#234 of 364)
No single metric tells the full story. See the BKK:PROEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Proen Corp PCL, along with its subsidiaries, is engaged in the provision of Internet data center services and related supplementary services. Additionally, the company sells equipment associated with information technology systems, offers Internet security services, and undertakes basic telecommunications construction projects. The Group has three segments, which are comprised of the distribution of technological and other equipment, Internet data center and related services, and Construction. It derives maximum revenue from the Internet data center and related services segment, which operates a data center and offers internet data transmission services (bandwidth) in Thailand, supported by round-the-clock customer service. Geographically, the Group operates only in Thailand.
43GF Score
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