Aftab AutomobilesDHA:AFTABAUTO -2.23%70 Altman Z-Score is 0.67 as of Jul. 02, 2026, which is 4% below its 10-year median of 0.70. GuruFocus rates DHA:AFTABAUTO with a GF Score™ of 70/100 and a GF Value™ of BDT37.41 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,312 Vehicles & Parts companies, Aftab Automobiles ranks worse than 91.39% 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 0.67 is in distress zone. This implies bankruptcy possibility in the next two years.
Aftab Automobiles has a Altman Z-Score of 0.67, 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 Aftab Automobiles's Altman Z-Score or its related term are showing as below:
DHA:AFTABAUTO'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.53 Med: 0.7 Max: 2.07
Current: 0.67
During the past 13 years, Aftab Automobiles's highest Altman Z-Score was 2.07. The lowest was 0.53. And the median was 0.70.
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.
Aftab Automobiles Altman Z-Score Related Terms
Aftab Automobiles Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Aftab Automobiles'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.
DHA:AFTABAUTO vs TSLA, GM, F: Altman Z-Score Comparison
For the Auto Manufacturers subindustry, Aftab Automobiles'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.
Aftab Automobiles Altman Z-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Aftab Automobiles's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Aftab Automobiles'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.
Aftab Automobiles'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
*
0.3935
+
1.4
*
0.0595
+
3.3
*
0.0036
+
0.6
*
0.1298
+
1.0
*
0.0282
=
0.67
* 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.
Aftab Automobiles (DHA:AFTABAUTO) has a Altman Z-Score of 0.67 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Aftab Automobiles and its competitors. This is near median its historical median of 0.70. Over the past decade, Aftab Automobiles' Altman Z-Score has ranged from 0.53 to 2.07. According to the industry distribution chart, Aftab Automobiles ranks #1199 out of 1312 companies in the Vehicles & Parts industry, placing it in the top 91.4%.
Is Aftab Automobiles' Altman Z-Score too high?
Aftab Automobiles' current Altman Z-Score of 0.67 is near median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 2.07. The Vehicles & Parts industry median Altman Z-Score is 2.54. Aftab Automobiles' value of 0.67 is 73.6% below this industry median. Based on the distribution chart, Aftab Automobiles ranks #1199 out of 1312 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Aftab Automobiles has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aftab Automobiles' Altman Z-Score compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Aftab Automobiles ranks #1199 out of 1312 companies for Altman Z-Score. This places Aftab Automobiles in the lower half of its industry. The industry median Altman Z-Score is 2.54. Aftab Automobiles' value of 0.67 is 73.6% below this benchmark. Historically, Aftab Automobiles' own Altman Z-Score has ranged from 0.53 to 2.07 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 2.54, Aftab Automobiles 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 Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.54, based on 1,312 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. Aftab Automobiles's current Altman Z-Score of 0.67 is 73.6% 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 Aftab Automobiles and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aftab Automobiles's current Altman Z-Score is 0.67, which is near median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aftab Automobiles stock overvalued right now?
Based on GuruFocus' analysis, Aftab Automobiles (DHA:AFTABAUTO) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT37.41, compared to a current price of BDT30.70 — trading 17.9% below its estimated fair value. The current Altman Z-Score is 0.67, which is near median its 10-year median of 0.70 and 73.6% below the Vehicles & Parts industry median of 2.54. Aftab Automobiles' overall GF Score™ is 70/100 with 4 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 Aftab Automobiles (DHA:AFTABAUTO), the current Altman Z-Score is 0.67 as of Jul. 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 Aftab Automobiles (DHA:AFTABAUTO) Overvalued in 2026?
Based on GuruFocus' analysis, Aftab Automobiles stock appears to be undervalued.
The current stock price of BDT30.70 is trading 17.9% below its estimated GF Value™ of BDT37.41.
GuruFocus considers Aftab Automobiles to be Modestly Undervalued.
Key valuation signals for DHA:AFTABAUTO:
Altman Z-Score: 0.67 (near median its 10-year median of 0.70)
GF Value™: BDT37.41 vs. price of BDT30.70 (17.9% below fair value)
Industry Position: 73.6% below the Vehicles & Parts median (#1199 of 1312)
No single metric tells the full story. See the DHA:AFTABAUTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aftab Automobiles Ltd is mainly a vehicle assembler and bus body fabricator operating in Bangladesh. The company has been assembling Toyota and Hino vehicles. Its activities include assembling Toyota Land Cruiser soft top and pick up, Land Cruiser Prado, Hino bus, and Hino mini bus and truck chassis, with a yearly production capacity in three shifts. Presently, the company is mainly engaged in assembling Hino bus chassis and bus body fabrication, including luxury buses that operate on routes across the country as well as international routes. The company operates through three operating segments, namely the assembling unit, motorcycle unit, and body unit, with the majority of revenue generated from the assembling unit. The company operates in Bangladesh.
70GF Score
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