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Thai Vegetable Oil PCLBKK:TVO 82 Altman Z-Score is 6.43 as of Aug. 02, 2026, which is 18% below its 10-year median of 7.81. GuruFocus rates BKK:TVO with a GF Score™ of 82/100 and a GF Value™ of ฿20.99 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,931 Consumer Packaged Goods companies, Thai Vegetable Oil PCL ranks better than 83.32% 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.
Good Sign:
Altman Z-score of 6.43 is strong.
Thai Vegetable Oil PCL has a Altman Z-Score of 6.43, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
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 Thai Vegetable Oil PCL's Altman Z-Score or its related term are showing as below:
BKK:TVO'
s Altman Z-Score Range Over the Past 10 Years
Min: 5.41 Med: 7.81 Max: 13.93
Current: 6.43
During the past 13 years, Thai Vegetable Oil PCL's highest Altman Z-Score was 13.93. The lowest was 5.41. And the median was 7.81.
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.
Thai Vegetable Oil PCL Altman Z-Score Related Terms
Thai Vegetable Oil PCL Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Thai Vegetable Oil 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.
For the Packaged Foods subindustry, Thai Vegetable Oil 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.
Thai Vegetable Oil PCL Altman Z-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Vegetable Oil PCL's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Thai Vegetable Oil 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.
Thai Vegetable Oil PCL (BKK:TVO) has a Altman Z-Score of 6.43 as of Aug. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Thai Vegetable Oil PCL and its competitors. This is 18% below median its historical median of 7.81. Over the past decade, Thai Vegetable Oil PCL's Altman Z-Score has ranged from 5.41 to 13.93. According to the industry distribution chart, Thai Vegetable Oil PCL ranks #322 out of 1931 companies in the Consumer Packaged Goods industry, placing it in the top 16.7%.
Is Thai Vegetable Oil PCL's Altman Z-Score too high?
Thai Vegetable Oil PCL's current Altman Z-Score of 6.43 is 18% below median its 10-year median of 7.81. Over the past 10 years, this metric has ranged from a low of 5.41 to a high of 13.93. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. Thai Vegetable Oil PCL's value of 6.43 is 125.6% above this industry median. Based on the distribution chart, Thai Vegetable Oil PCL ranks #322 out of 1931 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Thai Vegetable Oil PCL has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thai Vegetable Oil PCL's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Thai Vegetable Oil PCL ranks #322 out of 1931 companies for Altman Z-Score. This places Thai Vegetable Oil PCL in the top 17% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.85. Thai Vegetable Oil PCL's value of 6.43 is 125.6% above this benchmark. Historically, Thai Vegetable Oil PCL's own Altman Z-Score has ranged from 5.41 to 13.93 over the past decade. While the company's 10-year median is 7.81 vs. the industry median of 2.85, Thai Vegetable Oil 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.85, based on 1,931 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. Thai Vegetable Oil PCL's current Altman Z-Score of 6.43 is 125.6% 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 Thai Vegetable Oil PCL and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Vegetable Oil PCL's current Altman Z-Score is 6.43, which is 18% below median its own 10-year median of 7.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Vegetable Oil PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Vegetable Oil PCL (BKK:TVO) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿20.99, compared to a current price of ฿27.25 — trading 29.8% above its estimated fair value. The current Altman Z-Score is 6.43, which is 18% below median its 10-year median of 7.81 and 125.6% above the Consumer Packaged Goods industry median of 2.85. Thai Vegetable Oil PCL's overall GF Score™ is 82/100 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 Thai Vegetable Oil PCL (BKK:TVO), the current Altman Z-Score is 6.43 as of Aug. 02, 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 Thai Vegetable Oil PCL (BKK:TVO) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Vegetable Oil PCL stock appears to be overvalued.
The current stock price of ฿27.25 is trading 29.8% above its estimated GF Value™ of ฿20.99.
GuruFocus considers Thai Vegetable Oil PCL to be Modestly Overvalued.
Key valuation signals for BKK:TVO:
Altman Z-Score: 6.43 (18% below median its 10-year median of 7.81)
GF Value™: ฿20.99 vs. price of ฿27.25 (29.8% above fair value)
Industry Position: 125.6% above the Consumer Packaged Goods median (#322 of 1931)
No single metric tells the full story. See the BKK:TVO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Vegetable Oil PCL is engaged in the manufacture and distribution of soy meal and soybean oil. The company has three reportable segments, namely, the manufacture and distribution of products from the soybean segment, which derives key revenue and is engaged in the manufacturing and distribution of soy meal and soybean oil; the manufacture and distribution of packaging products; and the Other segment, which is the distribution of consumer products. The company operates in Thailand only.
82GF Score
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