Unimit Engineering PCLBKK:UEC-R 49 Altman Z-Score is 3.11 as of Jun. 26, 2026, which is 33% below its 10-year median of 4.64. GuruFocus rates BKK:UEC-R with a GF Score™ of 49/100 and a GF Value™ of ฿0.56. The stock has 8 warning signs investors should review. Among 614 Steel companies, Unimit Engineering PCL ranks better than 64.98% 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 3.11 is strong.
Unimit Engineering PCL has a Altman Z-Score of 3.11, 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 Unimit Engineering PCL's Altman Z-Score or its related term are showing as below:
BKK:UEC-R'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.37 Med: 4.64 Max: 10.41
Current: 3.11
During the past 13 years, Unimit Engineering PCL's highest Altman Z-Score was 10.41. The lowest was 2.37. And the median was 4.64.
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.
Unimit Engineering PCL Altman Z-Score Related Terms
Unimit Engineering PCL Altman Z-Score Historical Data
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The historical data trend for Unimit Engineering 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:UEC-R vs NUE, STLD, RS: Altman Z-Score Comparison
For the Steel subindustry, Unimit Engineering 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.
Unimit Engineering PCL Altman Z-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Unimit Engineering PCL's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Unimit Engineering 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.
Unimit Engineering PCL (BKK:UEC-R) has a Altman Z-Score of 3.11 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Unimit Engineering PCL and its competitors. This is 33% below median its historical median of 4.64. Over the past decade, Unimit Engineering PCL's Altman Z-Score has ranged from 2.37 to 10.41. According to the industry distribution chart, Unimit Engineering PCL ranks #215 out of 614 companies in the Steel industry, placing it in the top 35%.
Is Unimit Engineering PCL's Altman Z-Score too high?
Unimit Engineering PCL's current Altman Z-Score of 3.11 is 33% below median its 10-year median of 4.64. Over the past 10 years, this metric has ranged from a low of 2.37 to a high of 10.41. The Steel industry median Altman Z-Score is 2.47. Unimit Engineering PCL's value of 3.11 is 25.9% above this industry median. Based on the distribution chart, Unimit Engineering PCL ranks #215 out of 614 companies in the Steel industry, which is above the industry midpoint. Overall, Unimit Engineering PCL has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Unimit Engineering PCL's Altman Z-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Unimit Engineering PCL ranks #215 out of 614 companies for Altman Z-Score. This puts Unimit Engineering PCL in the upper half of its industry. The industry median Altman Z-Score is 2.47. Unimit Engineering PCL's value of 3.11 is 25.9% above this benchmark. Historically, Unimit Engineering PCL's own Altman Z-Score has ranged from 2.37 to 10.41 over the past decade. While the company's 10-year median is 4.64 vs. the industry median of 2.47, Unimit Engineering 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 Steel company?
The median Altman Z-Score among Steel companies is 2.47, based on 614 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. Unimit Engineering PCL's current Altman Z-Score of 3.11 is 25.9% 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 Unimit Engineering PCL and its competitors. For the Steel industry, the median Altman Z-Score is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Unimit Engineering PCL's current Altman Z-Score is 3.11, which is 33% below median its own 10-year median of 4.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Unimit Engineering PCL stock overvalued right now?
Unimit Engineering PCL (BKK:UEC-R) has a current Altman Z-Score of 3.11. The stock's GF Value™ is ฿0.56, compared to a current price of ฿0.62 — trading 10.7% above its estimated fair value. The current Altman Z-Score is 3.11, which is 33% below median its 10-year median of 4.64 and 25.9% above the Steel industry median of 2.47. Unimit Engineering PCL's overall GF Score™ is 49/100 with 8 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 Unimit Engineering PCL (BKK:UEC-R), the current Altman Z-Score is 3.11 as of Jun. 26, 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 Unimit Engineering PCL (BKK:UEC-R) Overvalued in 2026?
Based on GuruFocus' analysis, Unimit Engineering PCL stock appears to be overvalued.
The current stock price of ฿0.62 is trading 10.7% above its estimated GF Value™ of ฿0.56.
Key valuation signals for BKK:UEC-R:
Altman Z-Score: 3.11 (33% below median its 10-year median of 4.64)
GF Value™: ฿0.56 vs. price of ฿0.62 (10.7% above fair value)
Industry Position: 25.9% above the Steel median (#215 of 614)
No single metric tells the full story. See the BKK:UEC-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Unimit Engineering PCL is engaged in designing, shop fabrication, field installation, and erection of steel products and construction works such as pressurized equipment and vessels, non-pressure storage, mechanical parts, and piping systems. Its products include Pressure Vessels; Machinery Parts; Storage Tanks; Structure/Piping; and Mechanical Installation. The Group is principally engaged in the steel products. Geographically, the company derives maximum revenue from the domestic market and also exports its products to other regions.
49GF Score
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