Bound And Beyond PCL (FRA:QU5A) Altman Z-Score: 0.74 (As of Jul. 23, 2026) — 20% Below Median

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FRA:QU5A Bound And Beyond PCL FRA:QU5A
75 GF Score
Price €0.20
GF Value €0.25
! 6 Warning Signs
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What is Bound And Beyond PCL Altman Z-Score?

Bound And Beyond PCL FRA:QU5A -1.92% 75 Altman Z-Score is 0.74 as of Jul. 23, 2026, which is 20% below its 10-year median of 0.92. GuruFocus rates FRA:QU5A with a GF Score™ of 75/100 and a GF Value™ of €0.25. The stock has 6 warning signs investors should review. Among 836 Travel & Leisure companies, Bound And Beyond PCL ranks worse than 76.56% 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 0.75 is in distress zone. This implies bankruptcy possibility in the next two years.

Bound And Beyond PCL has a Altman Z-Score of 0.74, 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 Bound And Beyond PCL's Altman Z-Score or its related term are showing as below:

FRA:QU5A' s Altman Z-Score Range Over the Past 10 Years
Min: 0.53   Med: 0.92   Max: 4.52
Current: 0.75

During the past 13 years, Bound And Beyond PCL's highest Altman Z-Score was 4.52. The lowest was 0.53. And the median was 0.92.


Bound And Beyond PCL  (FRA:QU5A) 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.


Bound And Beyond PCL Altman Z-Score Related Terms


Bound And Beyond PCL Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Bound And Beyond 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.

Bound And Beyond PCL Altman Z-Score Chart

Bound And Beyond 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 0.53 0.62 0.82 0.77 0.72

Bound And Beyond 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 0.75 0.76 0.55 0.72 0.76

FRA:QU5A vs MAR, HLT, H: Altman Z-Score Comparison

For the Lodging subindustry, Bound And Beyond 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.


Bound And Beyond PCL Altman Z-Score vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Bound And Beyond PCL's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Bound And Beyond PCL's Altman Z-Score falls into.


FRA:QU5A
75GF Score
Bound And Beyond PCL FRA:QU5A
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Bound And Beyond 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.

Bound And Beyond 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*-0.0792+1.4*0.1825+3.3*0.0338+0.6*0.3386+1.0*0.2631
=0.74

* 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 €350.60 Mil.
Total Current Assets was €39.09 Mil.
Total Current Liabilities was €66.85 Mil.
Retained Earnings was €63.97 Mil.
Pre-Tax Income was 3.834 + 3.894 + -2.337 + -2.552 = €2.84 Mil.
Interest Expense was -2.182 + -2.259 + -2.267 + -2.32 = €-9.03 Mil.
Revenue was 27.989 + 29.48 + 17.717 + 17.075 = €92.26 Mil.
Market Cap (Today) was €59.64 Mil.
Total Liabilities was €176.16 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
=(39.087 - 66.853)/350.604
=-0.0792

X2=Retained Earnings/Total Assets
=63.97/350.604
=0.1825

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(2.839 - -9.028)/350.604
=0.0338

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=59.641/176.164
=0.3386

X5=Revenue/Total Assets
=92.261/350.604
=0.2631

The zones of discrimination were as such:

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

Bound And Beyond PCL has a Altman Z-Score of 0.74 indicating it is in Distress 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 0.74 mean?
Bound And Beyond PCL (FRA:QU5A) has a Altman Z-Score of 0.74 as of Jul. 23, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Bound And Beyond PCL and its competitors. This is 20% below median its historical median of 0.92. Over the past decade, Bound And Beyond PCL's Altman Z-Score has ranged from 0.53 to 4.52. According to the industry distribution chart, Bound And Beyond PCL ranks #640 out of 836 companies in the Travel & Leisure industry, placing it in the top 76.6%.
Is Bound And Beyond PCL's Altman Z-Score too high?
Bound And Beyond PCL's current Altman Z-Score of 0.74 is 20% below median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 4.52. The Travel & Leisure industry median Altman Z-Score is 1.98. Bound And Beyond PCL's value of 0.74 is 62.6% below this industry median. Based on the distribution chart, Bound And Beyond PCL ranks #640 out of 836 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Bound And Beyond PCL has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Bound And Beyond PCL's Altman Z-Score compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Bound And Beyond PCL ranks #640 out of 836 companies for Altman Z-Score. This places Bound And Beyond PCL in the lower half of its industry. The industry median Altman Z-Score is 1.98. Bound And Beyond PCL's value of 0.74 is 62.6% below this benchmark. Historically, Bound And Beyond PCL's own Altman Z-Score has ranged from 0.53 to 4.52 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 1.98, Bound And Beyond PCL 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 Travel & Leisure company?
The median Altman Z-Score among Travel & Leisure companies is 1.98, based on 836 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. Bound And Beyond PCL's current Altman Z-Score of 0.74 is 62.6% 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 Bound And Beyond PCL and its competitors. For the Travel & Leisure industry, the median Altman Z-Score is 1.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bound And Beyond PCL's current Altman Z-Score is 0.74, which is 20% below median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bound And Beyond PCL stock overvalued right now?
Bound And Beyond PCL (FRA:QU5A) has a current Altman Z-Score of 0.74. The stock's GF Value™ is €0.25, compared to a current price of €0.20 — trading 18.4% below its estimated fair value. The current Altman Z-Score is 0.74, which is 20% below median its 10-year median of 0.92 and 62.6% below the Travel & Leisure industry median of 1.98. Bound And Beyond PCL's overall GF Score™ is 75/100 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 Bound And Beyond PCL (FRA:QU5A), the current Altman Z-Score is 0.74 as of Jul. 23, 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 Bound And Beyond PCL (FRA:QU5A) Overvalued in 2026?

Based on GuruFocus' analysis, Bound And Beyond PCL stock appears to be undervalued. The current stock price of €0.20 is trading 18.4% below its estimated GF Value™ of €0.25.

Key valuation signals for FRA:QU5A:

  • Altman Z-Score: 0.74 (20% below median its 10-year median of 0.92)
  • GF Value™: €0.25 vs. price of €0.20 (18.4% below fair value)
  • GF Score™: 75/100 with 6 warning signs
  • Industry Position: 62.6% below the Travel & Leisure median (#640 of 836)

No single metric tells the full story. See the FRA:QU5A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bound And Beyond PCL Business Description

Other Exchanges BEYOND:Thailand
Address Wireless Road, No. 130-132 Sindhorn Tower 2, 15th Floor, Lumpini, Pathum Wan, Bangkok, THA, 10330
Bound And Beyond PCL is a Thailand-based company. The company operates in the hotel segment and other business. The company invests in, develops, and operates a hospitality business, with a particular emphasis on hotel concepts.
75GF Score

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

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