Pakistan Aluminium Beverage Cans (KAR:PABC) Altman Z-Score: 3.94 (As of Jul. 08, 2026) — 10% Above Median


KAR:PABC Pakistan Aluminium Beverage Cans Ltd KAR:PABC
96 GF Score
Price ₨111.76
GF Value ₨95.64
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Pakistan Aluminium Beverage Cans Altman Z-Score?

Pakistan Aluminium Beverage Cans KAR:PABC -0.70% 96 Altman Z-Score is 3.94 as of Jul. 08, 2026, which is 10% above its 10-year median of 3.59. GuruFocus rates KAR:PABC with a GF Score™ of 96/100 and a GF Value™ of ₨95.64 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 391 Packaging & Containers companies, Pakistan Aluminium Beverage Cans ranks better than 70.84% 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 3.93 is strong.

Pakistan Aluminium Beverage Cans has a Altman Z-Score of 3.94, 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 Pakistan Aluminium Beverage Cans's Altman Z-Score or its related term are showing as below:

KAR:PABC' s Altman Z-Score Range Over the Past 10 Years
Min: 2.24   Med: 3.59   Max: 4.34
Current: 3.93

During the past 8 years, Pakistan Aluminium Beverage Cans's highest Altman Z-Score was 4.34. The lowest was 2.24. And the median was 3.59.


Pakistan Aluminium Beverage Cans  (KAR:PABC) 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.


Pakistan Aluminium Beverage Cans Altman Z-Score Related Terms


Pakistan Aluminium Beverage Cans Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Pakistan Aluminium Beverage Cans'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.

Pakistan Aluminium Beverage Cans Altman Z-Score Chart

Pakistan Aluminium Beverage Cans Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 2.24 3.16 3.98 4.34 3.79

Pakistan Aluminium Beverage Cans 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 3.66 4.15 4.34 3.79 3.59

KAR:PABC vs SW, PKG, IP: Altman Z-Score Comparison

For the Packaging & Containers subindustry, Pakistan Aluminium Beverage Cans'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.


Pakistan Aluminium Beverage Cans Altman Z-Score vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Pakistan Aluminium Beverage Cans's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Pakistan Aluminium Beverage Cans's Altman Z-Score falls into.


KAR:PABC
96GF Score
Pakistan Aluminium Beverage Cans Ltd KAR:PABC
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Pakistan Aluminium Beverage Cans 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.

Pakistan Aluminium Beverage Cans'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*0.4435+1.4*0.4911+3.3*0.1601+0.6*2.6575+1.0*0.6001
=3.94

* 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 ₨38,531 Mil.
Total Current Assets was ₨29,836 Mil.
Total Current Liabilities was ₨12,746 Mil.
Retained Earnings was ₨18,923 Mil.
Pre-Tax Income was 1388.676 + -339.865 + 1766.311 + 2637.881 = ₨5,453 Mil.
Interest Expense was -155.871 + -125.415 + -216.816 + -217.666 = ₨-716 Mil.
Revenue was 3779.858 + 2956.983 + 7491.134 + 8894.522 = ₨23,122 Mil.
Market Cap (Today) was ₨40,357 Mil.
Total Liabilities was ₨15,186 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
=(29836.273 - 12746.012)/38530.738
=0.4435

X2=Retained Earnings/Total Assets
=18923.389/38530.738
=0.4911

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(5453.003 - -715.768)/38530.738
=0.1601

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=40357.458/15186.225
=2.6575

X5=Revenue/Total Assets
=23122.497/38530.738
=0.6001

The zones of discrimination were as such:

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

Pakistan Aluminium Beverage Cans has a Altman Z-Score of 3.94 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 3.94 mean?
Pakistan Aluminium Beverage Cans (KAR:PABC) has a Altman Z-Score of 3.94 as of Jul. 08, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Pakistan Aluminium Beverage Cans and its competitors. This is 10% above median its historical median of 3.59. Over the past decade, Pakistan Aluminium Beverage Cans' Altman Z-Score has ranged from 2.24 to 4.34. According to the industry distribution chart, Pakistan Aluminium Beverage Cans ranks #114 out of 391 companies in the Packaging & Containers industry, placing it in the top 29.2%.
Is Pakistan Aluminium Beverage Cans' Altman Z-Score too high?
Pakistan Aluminium Beverage Cans' current Altman Z-Score of 3.94 is 10% above median its 10-year median of 3.59. Over the past 10 years, this metric has ranged from a low of 2.24 to a high of 4.34. The Packaging & Containers industry median Altman Z-Score is 2.67. Pakistan Aluminium Beverage Cans' value of 3.94 is 47.6% above this industry median. Based on the distribution chart, Pakistan Aluminium Beverage Cans ranks #114 out of 391 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Pakistan Aluminium Beverage Cans has a GF Score™ of 96/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pakistan Aluminium Beverage Cans' Altman Z-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Pakistan Aluminium Beverage Cans ranks #114 out of 391 companies for Altman Z-Score. This puts Pakistan Aluminium Beverage Cans in the upper half of its industry. The industry median Altman Z-Score is 2.67. Pakistan Aluminium Beverage Cans' value of 3.94 is 47.6% above this benchmark. Historically, Pakistan Aluminium Beverage Cans' own Altman Z-Score has ranged from 2.24 to 4.34 over the past decade. While the company's 10-year median is 3.59 vs. the industry median of 2.67, Pakistan Aluminium Beverage Cans 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 Packaging & Containers company?
The median Altman Z-Score among Packaging & Containers companies is 2.67, based on 391 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. Pakistan Aluminium Beverage Cans's current Altman Z-Score of 3.94 is 47.6% 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 Pakistan Aluminium Beverage Cans and its competitors. For the Packaging & Containers industry, the median Altman Z-Score is 2.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pakistan Aluminium Beverage Cans's current Altman Z-Score is 3.94, which is 10% above median its own 10-year median of 3.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pakistan Aluminium Beverage Cans stock overvalued right now?
Based on GuruFocus' analysis, Pakistan Aluminium Beverage Cans (KAR:PABC) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨95.64, compared to a current price of ₨111.76 — trading 16.9% above its estimated fair value. The current Altman Z-Score is 3.94, which is 10% above median its 10-year median of 3.59 and 47.6% above the Packaging & Containers industry median of 2.67. Pakistan Aluminium Beverage Cans' overall GF Score™ is 96/100 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 Pakistan Aluminium Beverage Cans (KAR:PABC), the current Altman Z-Score is 3.94 as of Jul. 08, 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 Pakistan Aluminium Beverage Cans (KAR:PABC) Overvalued in 2026?

Based on GuruFocus' analysis, Pakistan Aluminium Beverage Cans stock appears to be overvalued. The current stock price of ₨111.76 is trading 16.9% above its estimated GF Value™ of ₨95.64. GuruFocus considers Pakistan Aluminium Beverage Cans to be Modestly Overvalued.

Key valuation signals for KAR:PABC:

  • Altman Z-Score: 3.94 (10% above median its 10-year median of 3.59)
  • GF Value™: ₨95.64 vs. price of ₨111.76 (16.9% above fair value)
  • GF Score™: 96/100 with 6 warning signs
  • Industry Position: 47.6% above the Packaging & Containers median (#114 of 391)

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


Pakistan Aluminium Beverage Cans Business Description

Address G-8/4, Block No. 12, PHA Flat No. 04, Islamabad, PAK
Pakistan Aluminium Beverage Cans Ltd is engaged in the manufacturing and sale of aluminum cans. Its products include various sizes and varieties of beverage cans. Geographically, the company generates revenue from Pakistan, Afghanistan, Bangladesh, Uzbekistan, Tajikistan, and other regions.
96GF Score

Get the complete analysis for KAR:PABC

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

₨111.76
Price
₨95.64
GF Value