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Pioneer InvestcorpBOM:507864 -0.74%62 Altman Z-Score is 1.02 as of Jul. 28, 2026, which is 28% below its 10-year median of 1.41. GuruFocus rates BOM:507864 with a GF Score™ of 62/100 and a GF Value™ of ₹73.34 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 663 Capital Markets companies, Pioneer Investcorp ranks worse than 73% 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 1.02 is in distress zone. This implies bankruptcy possibility in the next two years.
Pioneer Investcorp has a Altman Z-Score of 1.02, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Pioneer Investcorp's Altman Z-Score or its related term are showing as below:
BOM:507864'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.73 Med: 1.41 Max: 2.63
Current: 1.02
During the past 13 years, Pioneer Investcorp's highest Altman Z-Score was 2.63. The lowest was 0.73. And the median was 1.41.
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.
Pioneer Investcorp Altman Z-Score Related Terms
Pioneer Investcorp Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Pioneer Investcorp'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.
BOM:507864 vs MS, GS, SCHW: Altman Z-Score Comparison
For the Capital Markets subindustry, Pioneer Investcorp'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.
Pioneer Investcorp Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Pioneer Investcorp's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Pioneer Investcorp'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.
Pioneer Investcorp'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
*
0.3133
+
1.4
*
0
+
3.3
*
0.0762
+
0.6
*
0.4683
+
1.0
*
0.1125
=
1.02
* 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.
Pioneer Investcorp (BOM:507864) has a Altman Z-Score of 1.02 as of Jul. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Pioneer Investcorp and its competitors. This is 28% below median its historical median of 1.41. Over the past decade, Pioneer Investcorp's Altman Z-Score has ranged from 0.73 to 2.63. According to the industry distribution chart, Pioneer Investcorp ranks #484 out of 663 companies in the Capital Markets industry, placing it in the top 73%.
Is Pioneer Investcorp's Altman Z-Score too high?
Pioneer Investcorp's current Altman Z-Score of 1.02 is 28% below median its 10-year median of 1.41. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 2.63. The Capital Markets industry median Altman Z-Score is 2.61. Pioneer Investcorp's value of 1.02 is 60.9% below this industry median. Based on the distribution chart, Pioneer Investcorp ranks #484 out of 663 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Pioneer Investcorp has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pioneer Investcorp's Altman Z-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Pioneer Investcorp ranks #484 out of 663 companies for Altman Z-Score. This places Pioneer Investcorp in the lower half of its industry. The industry median Altman Z-Score is 2.61. Pioneer Investcorp's value of 1.02 is 60.9% below this benchmark. Historically, Pioneer Investcorp's own Altman Z-Score has ranged from 0.73 to 2.63 over the past decade. While the company's 10-year median is 1.41 vs. the industry median of 2.61, Pioneer Investcorp 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 Capital Markets company?
The median Altman Z-Score among Capital Markets companies is 2.61, based on 663 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. Pioneer Investcorp's current Altman Z-Score of 1.02 is 60.9% 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 Pioneer Investcorp and its competitors. For the Capital Markets industry, the median Altman Z-Score is 2.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Investcorp's current Altman Z-Score is 1.02, which is 28% below median its own 10-year median of 1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Investcorp stock overvalued right now?
Based on GuruFocus' analysis, Pioneer Investcorp (BOM:507864) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹73.34, compared to a current price of ₹93.30 — trading 27.2% above its estimated fair value. The current Altman Z-Score is 1.02, which is 28% below median its 10-year median of 1.41 and 60.9% below the Capital Markets industry median of 2.61. Pioneer Investcorp's overall GF Score™ is 62/100 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 Pioneer Investcorp (BOM:507864), the current Altman Z-Score is 1.02 as of Jul. 28, 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 Pioneer Investcorp (BOM:507864) Overvalued in 2026?
Based on GuruFocus' analysis, Pioneer Investcorp stock appears to be overvalued.
The current stock price of ₹93.30 is trading 27.2% above its estimated GF Value™ of ₹73.34.
GuruFocus considers Pioneer Investcorp to be Modestly Overvalued.
Key valuation signals for BOM:507864:
Altman Z-Score: 1.02 (28% below median its 10-year median of 1.41)
GF Value™: ₹73.34 vs. price of ₹93.30 (27.2% above fair value)
Industry Position: 60.9% below the Capital Markets median (#484 of 663)
No single metric tells the full story. See the BOM:507864 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pioneer Investcorp Ltd is a financial services company specializing in investment banking and advisory services. The company is a SEBI registered category I Merchant Banker. Its investment banking services include private equity advisory, merchant banking, corporate finance advisory, and strategic alliances, debt syndication, structured transactions, and mergers and acquisitions. The company also deals in products like Treasury Bills, Government securities, State Development Loans, Non-SLR Bonds, Corporate Bonds, and money market instruments like Certificates of Deposit, Commercial Paper, Inter-Corporate Deposits, and Call and notice Money Deposits. It also provides underwriting, claims, reinsurance, and risk management for a diverse set of clients.
62GF Score
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