LafargeHolcim Bangladesh (DHA:LHB) Altman Z-Score: 3.78 (As of Jul. 19, 2026) — 26% Below Median

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DHA:LHB LafargeHolcim Bangladesh PLC DHA:LHB
90 GF Score
Price BDT60.70
GF Value BDT60.58
Valuation Fairly Valued
! 6 Warning Signs
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What is LafargeHolcim Bangladesh Altman Z-Score?

LafargeHolcim Bangladesh DHA:LHB -1.62% 90 Altman Z-Score is 3.78 as of Jul. 19, 2026, which is 26% below its 10-year median of 5.09. GuruFocus rates DHA:LHB with a GF Score™ of 90/100 and a GF Value™ of BDT60.58 (Fairly Valued). The stock has 6 warning signs investors should review. Among 402 Building Materials companies, LafargeHolcim Bangladesh ranks better than 73.38% 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 3.78 is strong.

LafargeHolcim Bangladesh has a Altman Z-Score of 3.78, 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 LafargeHolcim Bangladesh's Altman Z-Score or its related term are showing as below:

DHA:LHB' s Altman Z-Score Range Over the Past 10 Years
Min: 2.97   Med: 5.09   Max: 11.71
Current: 3.78

During the past 13 years, LafargeHolcim Bangladesh's highest Altman Z-Score was 11.71. The lowest was 2.97. And the median was 5.09.


LafargeHolcim Bangladesh  (DHA:LHB) 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.


LafargeHolcim Bangladesh Altman Z-Score Related Terms


LafargeHolcim Bangladesh Altman Z-Score Historical Data

* Premium members only.

The historical data trend for LafargeHolcim Bangladesh'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.

LafargeHolcim Bangladesh Altman Z-Score Chart

LafargeHolcim Bangladesh 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 6.81 5.85 5.52 3.65 2.97

LafargeHolcim Bangladesh 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 4.32 3.56 4.36 2.97 3.44

DHA:LHB vs CRH, VMC, MLM: Altman Z-Score Comparison

For the Building Materials subindustry, LafargeHolcim Bangladesh'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.


LafargeHolcim Bangladesh Altman Z-Score vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, LafargeHolcim Bangladesh's Altman Z-Score distribution charts can be found below:

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


DHA:LHB
90GF Score
LafargeHolcim Bangladesh PLC DHA:LHB
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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LafargeHolcim Bangladesh 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.

LafargeHolcim Bangladesh'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*0.048+1.4*0.1977+3.3*0.1608+0.6*3.6378+1.0*0.73
=3.78

* 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 BDT39,502 Mil.
Total Current Assets was BDT19,511 Mil.
Total Current Liabilities was BDT17,616 Mil.
Retained Earnings was BDT7,811 Mil.
Pre-Tax Income was 1386.758 + 2332.264 + 1495.76 + 1210.586 = BDT6,425 Mil.
Interest Expense was -15.932 + 15.673 + 101.399 + -26.94 = BDT74 Mil.
Revenue was 8038.41 + 7652.307 + 6680.278 + 6466.115 = BDT28,837 Mil.
Market Cap (Today) was BDT70,495 Mil.
Total Liabilities was BDT19,379 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
=(19510.7 - 17616.107)/39501.761
=0.048

X2=Retained Earnings/Total Assets
=7810.528/39501.761
=0.1977

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(6425.368 - 74.2)/39501.761
=0.1608

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=70495.371/19378.582
=3.6378

X5=Revenue/Total Assets
=28837.11/39501.761
=0.73

The zones of discrimination were as such:

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

LafargeHolcim Bangladesh has a Altman Z-Score of 3.78 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 3.78 mean?
LafargeHolcim Bangladesh (DHA:LHB) has a Altman Z-Score of 3.78 as of Jul. 19, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on LafargeHolcim Bangladesh and its competitors. This is 26% below median its historical median of 5.09. Over the past decade, LafargeHolcim Bangladesh's Altman Z-Score has ranged from 2.97 to 11.71. According to the industry distribution chart, LafargeHolcim Bangladesh ranks #107 out of 402 companies in the Building Materials industry, placing it in the top 26.6%.
Is LafargeHolcim Bangladesh's Altman Z-Score too high?
LafargeHolcim Bangladesh's current Altman Z-Score of 3.78 is 26% below median its 10-year median of 5.09. Over the past 10 years, this metric has ranged from a low of 2.97 to a high of 11.71. The Building Materials industry median Altman Z-Score is 2.24. LafargeHolcim Bangladesh's value of 3.78 is 69.1% above this industry median. Based on the distribution chart, LafargeHolcim Bangladesh ranks #107 out of 402 companies in the Building Materials industry, which is above the industry midpoint. Overall, LafargeHolcim Bangladesh has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does LafargeHolcim Bangladesh's Altman Z-Score compare to CRH and VMC?
According to the Building Materials industry distribution chart, LafargeHolcim Bangladesh ranks #107 out of 402 companies for Altman Z-Score. This puts LafargeHolcim Bangladesh in the upper half of its industry. The industry median Altman Z-Score is 2.24. LafargeHolcim Bangladesh's value of 3.78 is 69.1% above this benchmark. Historically, LafargeHolcim Bangladesh's own Altman Z-Score has ranged from 2.97 to 11.71 over the past decade. While the company's 10-year median is 5.09 vs. the industry median of 2.24, LafargeHolcim Bangladesh 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 Building Materials company?
The median Altman Z-Score among Building Materials companies is 2.24, based on 402 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. LafargeHolcim Bangladesh's current Altman Z-Score of 3.78 is 69.1% 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 LafargeHolcim Bangladesh and its competitors. For the Building Materials industry, the median Altman Z-Score is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LafargeHolcim Bangladesh's current Altman Z-Score is 3.78, which is 26% below median its own 10-year median of 5.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LafargeHolcim Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, LafargeHolcim Bangladesh (DHA:LHB) is currently considered Fairly Valued. The stock's GF Value™ is BDT60.58, compared to a current price of BDT60.70 — trading 0.2% above its estimated fair value. The current Altman Z-Score is 3.78, which is 26% below median its 10-year median of 5.09 and 69.1% above the Building Materials industry median of 2.24. LafargeHolcim Bangladesh's overall GF Score™ is 90/100 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 LafargeHolcim Bangladesh (DHA:LHB), the current Altman Z-Score is 3.78 as of Jul. 19, 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 LafargeHolcim Bangladesh (DHA:LHB) Overvalued in 2026?

Based on GuruFocus' analysis, LafargeHolcim Bangladesh stock appears to be overvalued. The current stock price of BDT60.70 is trading 0.2% above its estimated GF Value™ of BDT60.58. GuruFocus considers LafargeHolcim Bangladesh to be Fairly Valued.

Key valuation signals for DHA:LHB:

  • Altman Z-Score: 3.78 (26% below median its 10-year median of 5.09)
  • GF Value™: BDT60.58 vs. price of BDT60.70 (0.2% above fair value)
  • GF Score™: 90/100 with 6 warning signs
  • Industry Position: 69.1% above the Building Materials median (#107 of 402)

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


LafargeHolcim Bangladesh Business Description

Address Tejgaon Gulshan Link Road, NinaKabbo, Level-7, 227/A Bir Uttam Mir Shawkat Sarak, Dhaka, BGD, 1208
LafargeHolcim Bangladesh PLC is a frontline cement producer in Bangladesh. The company is engaged in the manufacturing and marketing cement in the local and international market. It operates a cement manufacturing plant at Chhatak. Company has divided it's operations in two business segments namely, Clinker and cement and Aggregates and derives majority revenue from the Clinker and cement segment.
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Get the complete analysis for DHA:LHB

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

BDT60.70
Price
BDT60.58
GF Value