Exotic Food PCL (BKK:XO) Altman Z-Score: 16.83 (As of Jul. 11, 2026) — 14% Above Median


BKK:XO Exotic Food PCL BKK:XO
95 GF Score
Price ฿19.20
GF Value ฿17.57
Valuation Fairly Valued
! 6 Warning Signs
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What is Exotic Food PCL Altman Z-Score?

Exotic Food PCL BKK:XO +0.52% 95 Altman Z-Score is 16.83 as of Jul. 11, 2026, which is 14% above its 10-year median of 14.82. GuruFocus rates BKK:XO with a GF Score™ of 95/100 and a GF Value™ of ฿17.57 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,929 Consumer Packaged Goods companies, Exotic Food PCL ranks better than 96.16% 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 16.76 is strong.

Exotic Food PCL has a Altman Z-Score of 16.83, 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 Exotic Food PCL's Altman Z-Score or its related term are showing as below:

BKK:XO' s Altman Z-Score Range Over the Past 10 Years
Min: 6.75   Med: 14.82   Max: 26.98
Current: 16.76

During the past 13 years, Exotic Food PCL's highest Altman Z-Score was 26.98. The lowest was 6.75. And the median was 14.82.


Exotic Food PCL  (BKK:XO) 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.


Exotic Food PCL Altman Z-Score Related Terms


Exotic Food PCL Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Exotic Food 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.

Exotic Food PCL Altman Z-Score Chart

Exotic Food PCL Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.67 12.60 18.46 22.95 15.14

Exotic Food PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 Premium Member Only Premium Member Only 14.97 16.14 17.75 15.14 12.80

BKK:XO vs KHC, GIS: Altman Z-Score Comparison

For the Packaged Foods subindustry, Exotic Food 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.


Exotic Food PCL Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Exotic Food PCL's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Exotic Food PCL's Altman Z-Score falls into.


BKK:XO
95GF Score
Exotic Food PCL BKK:XO
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Exotic Food 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.

Exotic Food 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*0.3484+1.4*0.5278+3.3*0.2617+0.6*23.0247+1.0*0.9975
=16.83

* 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 ฿2,191 Mil.
Total Current Assets was ฿1,083 Mil.
Total Current Liabilities was ฿320 Mil.
Retained Earnings was ฿1,156 Mil.
Pre-Tax Income was 136.204 + 99.737 + 145.819 + 189.646 = ฿571 Mil.
Interest Expense was -0.455 + -0.482 + -0.492 + -0.493 = ฿-2 Mil.
Revenue was 516.9 + 550.942 + 509.757 + 607.536 = ฿2,185 Mil.
Market Cap (Today) was ฿8,223 Mil.
Total Liabilities was ฿357 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
=(1082.858 - 319.634)/2190.675
=0.3484

X2=Retained Earnings/Total Assets
=1156.256/2190.675
=0.5278

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(571.406 - -1.922)/2190.675
=0.2617

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=8222.670/357.124
=23.0247

X5=Revenue/Total Assets
=2185.135/2190.675
=0.9975

The zones of discrimination were as such:

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

Exotic Food PCL has a Altman Z-Score of 16.83 indicating it is in Safe 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 16.83 mean?
Exotic Food PCL (BKK:XO) has a Altman Z-Score of 16.83 as of Jul. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Exotic Food PCL and its competitors. This is 14% above median its historical median of 14.82. Over the past decade, Exotic Food PCL's Altman Z-Score has ranged from 6.75 to 26.98. According to the industry distribution chart, Exotic Food PCL ranks #74 out of 1929 companies in the Consumer Packaged Goods industry, placing it in the top 3.8%.
Is Exotic Food PCL's Altman Z-Score too high?
Exotic Food PCL's current Altman Z-Score of 16.83 is 14% above median its 10-year median of 14.82. Over the past 10 years, this metric has ranged from a low of 6.75 to a high of 26.98. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. Exotic Food PCL's value of 16.83 is 490.5% above this industry median. Based on the distribution chart, Exotic Food PCL ranks #74 out of 1929 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Exotic Food PCL has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Exotic Food PCL's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Exotic Food PCL ranks #74 out of 1929 companies for Altman Z-Score. This places Exotic Food PCL in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.85. Exotic Food PCL's value of 16.83 is 490.5% above this benchmark. Historically, Exotic Food PCL's own Altman Z-Score has ranged from 6.75 to 26.98 over the past decade. While the company's 10-year median is 14.82 vs. the industry median of 2.85, Exotic Food 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 1,929 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. Exotic Food PCL's current Altman Z-Score of 16.83 is 490.5% 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 Exotic Food 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. Exotic Food PCL's current Altman Z-Score is 16.83, which is 14% above median its own 10-year median of 14.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exotic Food PCL stock overvalued right now?
Based on GuruFocus' analysis, Exotic Food PCL (BKK:XO) is currently considered Fairly Valued. The stock's GF Value™ is ฿17.57, compared to a current price of ฿19.20 — trading 9.3% above its estimated fair value. The current Altman Z-Score is 16.83, which is 14% above median its 10-year median of 14.82 and 490.5% above the Consumer Packaged Goods industry median of 2.85. Exotic Food PCL's overall GF Score™ is 95/100 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 Exotic Food PCL (BKK:XO), the current Altman Z-Score is 16.83 as of Jul. 11, 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 Exotic Food PCL (BKK:XO) Overvalued in 2026?

Based on GuruFocus' analysis, Exotic Food PCL stock appears to be overvalued. The current stock price of ฿19.20 is trading 9.3% above its estimated GF Value™ of ฿17.57. GuruFocus considers Exotic Food PCL to be Fairly Valued.

Key valuation signals for BKK:XO:

  • Altman Z-Score: 16.83 (14% above median its 10-year median of 14.82)
  • GF Value™: ฿17.57 vs. price of ฿19.20 (9.3% above fair value)
  • GF Score™: 95/100 with 6 warning signs
  • Industry Position: 490.5% above the Consumer Packaged Goods median (#74 of 1929)

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


Exotic Food PCL Business Description

Address Wireless Road, 130 - 132 Sindhorn Tower 2, 9th floor, Kwang Lumpini, Khet Pathumwan, Bangkok, THA, 10330
Exotic Food PCL manufactures and exports seasoning and dipping sauces, fruit juice, canned products, and products made from fruit and vegetables. The company operates in both local and overseas markets. It offers seasoning products, which include dipping sauces, chilli sauces, and other seasoning products; food ingredient products, which include coconut milk and curry paste products; and beverages, among others. The company's reportable segments are: Seasoning and dipping sauces, which generate maximum revenue, Cooking paste, and Others. Geographically, it generates maximum revenue from Europe, followed by America, and other regions.
95GF Score

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

฿19.20
Price
฿17.57
GF Value