ACME Laboratories (DHA:ACMELAB) Altman Z-Score: 1.83 (As of Jul. 03, 2026) — 14% Above Median


DHA:ACMELAB ACME Laboratories Ltd DHA:ACMELAB
82 GF Score
Price BDT82.60
GF Value BDT125.08
Valuation Possible Value Trap
! 7 Warning Signs
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What is ACME Laboratories Altman Z-Score?

ACME Laboratories DHA:ACMELAB +0.24% 82 Altman Z-Score is 1.83 as of Jul. 03, 2026, which is 14% above its 10-year median of 1.61. GuruFocus rates DHA:ACMELAB with a GF Score™ of 82/100 and a GF Value™ of BDT125.08 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 951 Drug Manufacturers companies, ACME Laboratories ranks worse than 70.87% 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 1.82 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.

ACME Laboratories has a Altman Z-Score of 1.83, indicating it is in Grey Zones. This implies that ACME Laboratories 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 ACME Laboratories's Altman Z-Score or its related term are showing as below:

DHA:ACMELAB' s Altman Z-Score Range Over the Past 10 Years
Min: 1.36   Med: 1.61   Max: 2.25
Current: 1.82

During the past 9 years, ACME Laboratories's highest Altman Z-Score was 2.25. The lowest was 1.36. And the median was 1.61.


ACME Laboratories  (DHA:ACMELAB) 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.


ACME Laboratories Altman Z-Score Related Terms


ACME Laboratories Altman Z-Score Historical Data

* Premium members only.

The historical data trend for ACME Laboratories'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.

ACME Laboratories Altman Z-Score Chart

ACME Laboratories Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only 1.44 1.59 1.74 1.57 1.55

ACME Laboratories Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 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 1.56 1.60 1.73 1.71 1.80

DHA:ACMELAB vs ZTS, UTHR, VTRS: Altman Z-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, ACME Laboratories'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.


ACME Laboratories Altman Z-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, ACME Laboratories's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where ACME Laboratories's Altman Z-Score falls into.


DHA:ACMELAB
82GF Score
ACME Laboratories Ltd DHA:ACMELAB
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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ACME Laboratories 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.

ACME Laboratories'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*0.0728+1.4*0.2632+3.3*0.1126+0.6*0.5541+1.0*0.6671
=1.83

* 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 BDT59,535 Mil.
Total Current Assets was BDT26,222 Mil.
Total Current Liabilities was BDT21,887 Mil.
Retained Earnings was BDT15,670 Mil.
Pre-Tax Income was 870.791 + 944.213 + 876.618 + 909.042 = BDT3,601 Mil.
Interest Expense was -688.304 + -792.664 + -813.319 + -810.918 = BDT-3,105 Mil.
Revenue was 10439.683 + 10137.805 + 9885.463 + 9251.673 = BDT39,715 Mil.
Market Cap (Today) was BDT17,478 Mil.
Total Liabilities was BDT31,546 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
=(26221.882 - 21886.899)/59535.015
=0.0728

X2=Retained Earnings/Total Assets
=15670.084/59535.015
=0.2632

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(3600.664 - -3105.205)/59535.015
=0.1126

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=17478.300/31545.748
=0.5541

X5=Revenue/Total Assets
=39714.624/59535.015
=0.6671

The zones of discrimination were as such:

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

ACME Laboratories has a Altman Z-Score of 1.83 indicating it is in Grey 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 1.83 mean?
ACME Laboratories (DHA:ACMELAB) has a Altman Z-Score of 1.83 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on ACME Laboratories and its competitors. This is 14% above median its historical median of 1.61. Over the past decade, ACME Laboratories' Altman Z-Score has ranged from 1.36 to 2.25. According to the industry distribution chart, ACME Laboratories ranks #674 out of 951 companies in the Drug Manufacturers industry, placing it in the top 70.9%.
Is ACME Laboratories' Altman Z-Score too high?
ACME Laboratories' current Altman Z-Score of 1.83 is 14% above median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 2.25. The Drug Manufacturers industry median Altman Z-Score is 3.23. ACME Laboratories' value of 1.83 is 43.3% below this industry median. Based on the distribution chart, ACME Laboratories ranks #674 out of 951 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, ACME Laboratories has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ACME Laboratories' Altman Z-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, ACME Laboratories ranks #674 out of 951 companies for Altman Z-Score. This places ACME Laboratories in the lower half of its industry. The industry median Altman Z-Score is 3.23. ACME Laboratories' value of 1.83 is 43.3% below this benchmark. Historically, ACME Laboratories' own Altman Z-Score has ranged from 1.36 to 2.25 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 3.23, ACME Laboratories 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 Drug Manufacturers company?
The median Altman Z-Score among Drug Manufacturers companies is 3.23, based on 951 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. ACME Laboratories's current Altman Z-Score of 1.83 is 43.3% 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 ACME Laboratories and its competitors. For the Drug Manufacturers industry, the median Altman Z-Score is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ACME Laboratories's current Altman Z-Score is 1.83, which is 14% above median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ACME Laboratories stock overvalued right now?
Based on GuruFocus' analysis, ACME Laboratories (DHA:ACMELAB) is currently considered Possible Value Trap. The stock's GF Value™ is BDT125.08, compared to a current price of BDT82.60 — trading 34% below its estimated fair value. The current Altman Z-Score is 1.83, which is 14% above median its 10-year median of 1.61 and 43.3% below the Drug Manufacturers industry median of 3.23. ACME Laboratories' overall GF Score™ is 82/100 with 7 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 ACME Laboratories (DHA:ACMELAB), the current Altman Z-Score is 1.83 as of Jul. 03, 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 ACME Laboratories (DHA:ACMELAB) Overvalued in 2026?

Based on GuruFocus' analysis, ACME Laboratories stock appears to be undervalued. The current stock price of BDT82.60 is trading 34% below its estimated GF Value™ of BDT125.08. GuruFocus considers ACME Laboratories to be Possible Value Trap.

Key valuation signals for DHA:ACMELAB:

  • Altman Z-Score: 1.83 (14% above median its 10-year median of 1.61)
  • GF Value™: BDT125.08 vs. price of BDT82.60 (34% below fair value)
  • GF Score™: 82/100 with 7 warning signs
  • Industry Position: 43.3% below the Drug Manufacturers median (#674 of 951)

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


ACME Laboratories Business Description

Address 1/4, Kallayanpur, Mirpur Road, Court de la ACME, Dhaka, BGD, 1207
ACME Laboratories Ltd is engaged in the manufacturing, marketing, and distribution of generic pharmaceutical products in Bangladesh. The Company is engaged in manufacturing, marketing, and distribution of generic pharmaceuticals formulation products which includes human drugs comprising dosages form like a tablet, capsule, dry syrup, cream, ointment, powder, injection, dry powder inhaler, metered dosage inhaler, suppository, eye and nasal drop, liquid, liquid in hard gelatine, Blow Fill Seal (BFS) products, sachet products; veterinary drugs comprising dosages form like bolus, liquid,injection, water-soluble powder, premix and herbal drugs comprising dosages form like liquid, capsule, tablet, cream. The products of the company are sold in domestic and international markets.
82GF Score

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

BDT82.60
Price
BDT125.08
GF Value