Honda Atlas Cars PakistanKAR:HCAR -2.29%58 Altman Z-Score is 3.49 as of Jun. 30, 2026, which is 8% above its 10-year median of 3.24. GuruFocus rates KAR:HCAR with a GF Score™ of 58/100 and a GF Value™ of ₨461.77 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,311 Vehicles & Parts companies, Honda Atlas Cars Pakistan ranks better than 67.96% 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 3.51 is strong.
Honda Atlas Cars Pakistan has a Altman Z-Score of 3.49, 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 Honda Atlas Cars Pakistan's Altman Z-Score or its related term are showing as below:
KAR:HCAR'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.12 Med: 3.24 Max: 5.59
Current: 3.51
During the past 13 years, Honda Atlas Cars Pakistan's highest Altman Z-Score was 5.59. The lowest was 2.12. And the median was 3.24.
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.
* 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.
KAR:HCAR vs TSLA, GM, F: Altman Z-Score Comparison
For the Auto Manufacturers subindustry, Honda Atlas Cars Pakistan'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.
Honda Atlas Cars Pakistan Altman Z-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Honda Atlas Cars Pakistan's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Honda Atlas Cars Pakistan'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.
* 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.
Honda Atlas Cars Pakistan (KAR:HCAR) has a Altman Z-Score of 3.49 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Honda Atlas Cars Pakistan and its competitors. This is near median its historical median of 3.24. Over the past decade, Honda Atlas Cars Pakistan's Altman Z-Score has ranged from 2.12 to 5.59. According to the industry distribution chart, Honda Atlas Cars Pakistan ranks #420 out of 1311 companies in the Vehicles & Parts industry, placing it in the top 32%.
Is Honda Atlas Cars Pakistan's Altman Z-Score too high?
Honda Atlas Cars Pakistan's current Altman Z-Score of 3.49 is near median its 10-year median of 3.24. Over the past 10 years, this metric has ranged from a low of 2.12 to a high of 5.59. The Vehicles & Parts industry median Altman Z-Score is 2.54. Honda Atlas Cars Pakistan's value of 3.49 is 37.4% above this industry median. Based on the distribution chart, Honda Atlas Cars Pakistan ranks #420 out of 1311 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Honda Atlas Cars Pakistan has a GF Score™ of 58/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Honda Atlas Cars Pakistan's Altman Z-Score compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Honda Atlas Cars Pakistan ranks #420 out of 1311 companies for Altman Z-Score. This puts Honda Atlas Cars Pakistan in the upper half of its industry. The industry median Altman Z-Score is 2.54. Honda Atlas Cars Pakistan's value of 3.49 is 37.4% above this benchmark. Historically, Honda Atlas Cars Pakistan's own Altman Z-Score has ranged from 2.12 to 5.59 over the past decade. While the company's 10-year median is 3.24 vs. the industry median of 2.54, Honda Atlas Cars Pakistan 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 Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.54, based on 1,311 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. Honda Atlas Cars Pakistan's current Altman Z-Score of 3.49 is 37.4% 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 Honda Atlas Cars Pakistan 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. Honda Atlas Cars Pakistan's current Altman Z-Score is 3.49, which is near median its own 10-year median of 3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Honda Atlas Cars Pakistan stock overvalued right now?
Based on GuruFocus' analysis, Honda Atlas Cars Pakistan (KAR:HCAR) is currently considered Significantly Undervalued. The stock's GF Value™ is ₨461.77, compared to a current price of ₨234.95 — trading 49.1% below its estimated fair value. The current Altman Z-Score is 3.49, which is near median its 10-year median of 3.24 and 37.4% above the Vehicles & Parts industry median of 2.54. Honda Atlas Cars Pakistan's overall GF Score™ is 58/100 with 2 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 Honda Atlas Cars Pakistan (KAR:HCAR), the current Altman Z-Score is 3.49 as of Jun. 30, 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 Honda Atlas Cars Pakistan (KAR:HCAR) Overvalued in 2026?
Based on GuruFocus' analysis, Honda Atlas Cars Pakistan stock appears to be undervalued.
The current stock price of ₨234.95 is trading 49.1% below its estimated GF Value™ of ₨461.77.
GuruFocus considers Honda Atlas Cars Pakistan to be Significantly Undervalued.
Key valuation signals for KAR:HCAR:
Altman Z-Score: 3.49 (near median its 10-year median of 3.24)
GF Value™: ₨461.77 vs. price of ₨234.95 (49.1% below fair value)
Industry Position: 37.4% above the Vehicles & Parts median (#420 of 1311)
No single metric tells the full story. See the KAR:HCAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Honda Atlas Cars Pakistan Ltd is engaged in assembling and progressive manufacturing and sale of Honda vehicles and spare parts. Its segments include the Manufacturing and Trading segment. The manufacturing segment relates to the sale of locally manufactured cars and parts, and the Trading segment relates to the trading of completely built units (CBUs) and parts. It offers car models, such as the Honda Accord, Honda CR-V, Honda CR-Z, Honda HR-V, and Honda City in various colors with technology features. Honda derives the majority of its revenue from the Manufacturing segment. Geographically, it operates in Pakistan, Thailand, and Japan.
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