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S.Kijchai Enterprise PCLBKK:SKN +5.37%66 Altman Z-Score is 2.12 as of Aug. 22, 2026, which is 43% below its 10-year median of 3.74. GuruFocus rates BKK:SKN with a GF Score™ of 66/100 and a GF Value™ of ฿3.83 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 282 Forest Products companies, S.Kijchai Enterprise PCL ranks better than 63.12% 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 2.12 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.
S.Kijchai Enterprise PCL has a Altman Z-Score of 2.12, indicating it is in Grey Zones. This implies that S.Kijchai Enterprise 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 S.Kijchai Enterprise PCL's Altman Z-Score or its related term are showing as below:
BKK:SKN'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.09 Med: 3.74 Max: 11.67
Current: 2.12
During the past 12 years, S.Kijchai Enterprise PCL's highest Altman Z-Score was 11.67. The lowest was 0.09. And the median was 3.74.
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.
* 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:SKN vs SSD, UFPI, BCC: Altman Z-Score Comparison
For the Lumber & Wood Production subindustry, S.Kijchai Enterprise 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.
S.Kijchai Enterprise PCL Altman Z-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, S.Kijchai Enterprise PCL's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where S.Kijchai Enterprise 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.
S.Kijchai Enterprise PCL (BKK:SKN) has a Altman Z-Score of 2.12 as of Aug. 22, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on S.Kijchai Enterprise PCL and its competitors. This is 43% below median its historical median of 3.74. Over the past decade, S.Kijchai Enterprise PCL's Altman Z-Score has ranged from 0.09 to 11.67. According to the industry distribution chart, S.Kijchai Enterprise PCL ranks #104 out of 282 companies in the Forest Products industry, placing it in the top 36.9%.
Is S.Kijchai Enterprise PCL's Altman Z-Score too high?
S.Kijchai Enterprise PCL's current Altman Z-Score of 2.12 is 43% below median its 10-year median of 3.74. Over the past 10 years, this metric has ranged from a low of 0.09 to a high of 11.67. The Forest Products industry median Altman Z-Score is 1.91. S.Kijchai Enterprise PCL's value of 2.12 is 11% above this industry median. Based on the distribution chart, S.Kijchai Enterprise PCL ranks #104 out of 282 companies in the Forest Products industry, which is above the industry midpoint. Overall, S.Kijchai Enterprise PCL has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does S.Kijchai Enterprise PCL's Altman Z-Score compare to SSD and UFPI?
According to the Forest Products industry distribution chart, S.Kijchai Enterprise PCL ranks #104 out of 282 companies for Altman Z-Score. This puts S.Kijchai Enterprise PCL in the upper half of its industry. The industry median Altman Z-Score is 1.91. S.Kijchai Enterprise PCL's value of 2.12 is 11% above this benchmark. Historically, S.Kijchai Enterprise PCL's own Altman Z-Score has ranged from 0.09 to 11.67 over the past decade. While the company's 10-year median is 3.74 vs. the industry median of 1.91, S.Kijchai Enterprise PCL has consistently been above 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 Forest Products company?
The median Altman Z-Score among Forest Products companies is 1.91, based on 282 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. S.Kijchai Enterprise PCL's current Altman Z-Score of 2.12 is 11% above 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 S.Kijchai Enterprise PCL and its competitors. For the Forest Products industry, the median Altman Z-Score is 1.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. S.Kijchai Enterprise PCL's current Altman Z-Score is 2.12, which is 43% below median its own 10-year median of 3.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is S.Kijchai Enterprise PCL stock overvalued right now?
Based on GuruFocus' analysis, S.Kijchai Enterprise PCL (BKK:SKN) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿3.83, compared to a current price of ฿5.10 — trading 33.2% above its estimated fair value. The current Altman Z-Score is 2.12, which is 43% below median its 10-year median of 3.74 and 11% above the Forest Products industry median of 1.91. S.Kijchai Enterprise PCL's overall GF Score™ is 66/100 with 9 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 S.Kijchai Enterprise PCL (BKK:SKN), the current Altman Z-Score is 2.12 as of Aug. 22, 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 S.Kijchai Enterprise PCL (BKK:SKN) Overvalued in 2026?
Based on GuruFocus' analysis, S.Kijchai Enterprise PCL stock appears to be overvalued.
The current stock price of ฿5.10 is trading 33.2% above its estimated GF Value™ of ฿3.83.
GuruFocus considers S.Kijchai Enterprise PCL to be Significantly Overvalued.
Key valuation signals for BKK:SKN:
Altman Z-Score: 2.12 (43% below median its 10-year median of 3.74)
GF Value™: ฿3.83 vs. price of ฿5.10 (33.2% above fair value)
Industry Position: 11% above the Forest Products median (#104 of 282)
No single metric tells the full story. See the BKK:SKN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
S.Kijchai Enterprise PCL is engaged in the manufacture and distribution of Medium Density Fiber Board (MDF). The MDF Board is a Wood-based Panel in the type of Fiber Board. It is produced from using rubber wood fiber combining with binder substance which is Urea Formaldehyde Resin Chemical glue and compound into one board. The company's products include Wood-based Panel, Fiber Board, Medium Density Fiber Board or MDF, and High Density Fiber Board or HDF. Its operations are carried on only in Thailand.
66GF Score
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