SCL Motor Part PCL (BKK:SCL) Altman Z-Score: 2.37 (As of Jul. 14, 2026) — Near 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:SCL SCL Motor Part PCL BKK:SCL
60 GF Score
Price ฿1.67
GF Value ฿1.48
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is SCL Motor Part PCL Altman Z-Score?

SCL Motor Part PCL BKK:SCL +1.21% 60 Altman Z-Score is 2.37 as of Jul. 14, 2026, which is 2% above its 10-year median of 2.33. GuruFocus rates BKK:SCL with a GF Score™ of 60/100 and a GF Value™ of ฿1.48 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,313 Vehicles & Parts companies, SCL Motor Part PCL ranks worse than 54.15% 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 2.37 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.

SCL Motor Part PCL has a Altman Z-Score of 2.37, indicating it is in Grey Zones. This implies that SCL Motor Part 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 SCL Motor Part PCL's Altman Z-Score or its related term are showing as below:

BKK:SCL' s Altman Z-Score Range Over the Past 10 Years
Min: 2.09   Med: 2.33   Max: 2.71
Current: 2.37

During the past 7 years, SCL Motor Part PCL's highest Altman Z-Score was 2.71. The lowest was 2.09. And the median was 2.33.


SCL Motor Part PCL  (BKK:SCL) 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.


SCL Motor Part PCL Altman Z-Score Related Terms


SCL Motor Part PCL Altman Z-Score Historical Data

* Premium members only.

The historical data trend for SCL Motor Part 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.

SCL Motor Part PCL Altman Z-Score Chart

SCL Motor Part PCL Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 0.00 0.00 2.12 2.71 2.45

SCL Motor Part PCL Quarterly Data
Dec19 Dec20 Dec21 Jun22 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 2.39 2.23 2.37 2.45 2.29

BKK:SCL vs ORLY, AZO: Altman Z-Score Comparison

For the Auto Parts subindustry, SCL Motor Part 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.


SCL Motor Part PCL Altman Z-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, SCL Motor Part PCL's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where SCL Motor Part PCL's Altman Z-Score falls into.


BKK:SCL
60GF Score
SCL Motor Part PCL BKK:SCL
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SCL Motor Part 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.

SCL Motor Part 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*0.1051+1.4*0.1522+3.3*0.0654+0.6*0.4869+1.0*1.5251
=2.37

* 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 ฿1,294 Mil.
Total Current Assets was ฿964 Mil.
Total Current Liabilities was ฿828 Mil.
Retained Earnings was ฿197 Mil.
Pre-Tax Income was 24.36 + 11.658 + 21.661 + 14.017 = ฿72 Mil.
Interest Expense was -2.314 + -3.242 + -3.888 + -3.516 = ฿-13 Mil.
Revenue was 576.375 + 457.42 + 488.827 + 450.929 = ฿1,974 Mil.
Market Cap (Today) was ฿413 Mil.
Total Liabilities was ฿847 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
=(963.804 - 827.848)/1294.038
=0.1051

X2=Retained Earnings/Total Assets
=196.903/1294.038
=0.1522

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(71.696 - -12.96)/1294.038
=0.0654

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=412.643/847.428
=0.4869

X5=Revenue/Total Assets
=1973.551/1294.038
=1.5251

The zones of discrimination were as such:

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

SCL Motor Part PCL has a Altman Z-Score of 2.37 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 2.37 mean?
SCL Motor Part PCL (BKK:SCL) has a Altman Z-Score of 2.37 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on SCL Motor Part PCL and its competitors. This is near median its historical median of 2.33. Over the past decade, SCL Motor Part PCL's Altman Z-Score has ranged from 2.09 to 2.71. According to the industry distribution chart, SCL Motor Part PCL ranks #711 out of 1313 companies in the Vehicles & Parts industry, placing it in the top 54.2%.
Is SCL Motor Part PCL's Altman Z-Score too high?
SCL Motor Part PCL's current Altman Z-Score of 2.37 is near median its 10-year median of 2.33. Over the past 10 years, this metric has ranged from a low of 2.09 to a high of 2.71. The Vehicles & Parts industry median Altman Z-Score is 2.56. SCL Motor Part PCL's value of 2.37 is 7.4% below this industry median. Based on the distribution chart, SCL Motor Part PCL ranks #711 out of 1313 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, SCL Motor Part PCL has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SCL Motor Part PCL's Altman Z-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, SCL Motor Part PCL ranks #711 out of 1313 companies for Altman Z-Score. This places SCL Motor Part PCL in the lower half of its industry. The industry median Altman Z-Score is 2.56. SCL Motor Part PCL's value of 2.37 is 7.4% below this benchmark. Historically, SCL Motor Part PCL's own Altman Z-Score has ranged from 2.09 to 2.71 over the past decade. While the company's 10-year median is 2.33 vs. the industry median of 2.56, SCL Motor Part 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 Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.56, based on 1,313 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. SCL Motor Part PCL's current Altman Z-Score of 2.37 is 7.4% 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 SCL Motor Part PCL and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SCL Motor Part PCL's current Altman Z-Score is 2.37, which is near median its own 10-year median of 2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SCL Motor Part PCL stock overvalued right now?
Based on GuruFocus' analysis, SCL Motor Part PCL (BKK:SCL) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿1.48, compared to a current price of ฿1.67 — trading 12.8% above its estimated fair value. The current Altman Z-Score is 2.37, which is near median its 10-year median of 2.33 and 7.4% below the Vehicles & Parts industry median of 2.56. SCL Motor Part PCL's overall GF Score™ is 60/100 with 6 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 SCL Motor Part PCL (BKK:SCL), the current Altman Z-Score is 2.37 as of Jul. 14, 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 SCL Motor Part PCL (BKK:SCL) Overvalued in 2026?

Based on GuruFocus' analysis, SCL Motor Part PCL stock appears to be overvalued. The current stock price of ฿1.67 is trading 12.8% above its estimated GF Value™ of ฿1.48. GuruFocus considers SCL Motor Part PCL to be Modestly Overvalued.

Key valuation signals for BKK:SCL:

  • Altman Z-Score: 2.37 (near median its 10-year median of 2.33)
  • GF Value™: ฿1.48 vs. price of ฿1.67 (12.8% above fair value)
  • GF Score™: 60/100 with 6 warning signs
  • Industry Position: 7.4% below the Vehicles & Parts median (#711 of 1313)

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


SCL Motor Part PCL Business Description

Address 58-60-62-64 Chaloem Khet 3 Road, Wat Thep Sirin Subdistrict, Pom Prap Sattru Phai District, Bangkok, THA, 10100
SCL Motor Part PCL operates in the automotive sector. It is principally engaged in the distribution of motor parts, spare parts, and other related products. Geographically, the company derives a majority of its revenue from the sale of products within Thailand. The company's product categories include Engine spare parts; Filter; Maintenance product liquids; Gear, clutch & brake parts; Suspension part, shock absorbers and spring coil; Body parts, exterior and interior; Electronic systems, Lightning and signal transmission.
60GF Score

Get the complete analysis for BKK:SCL

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

฿1.67
Price
฿1.48
GF Value