Charoen Pokphand Foods PCL (SGX:TPFD) Altman Z-Score: 1.19 (As of Jun. 24, 2026) — Near Median


SGX:TPFD Charoen Pokphand Foods PCL SGX:TPFD
55 GF Score
Price S$1.49
GF Value S$1.65
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Charoen Pokphand Foods PCL Altman Z-Score?

Charoen Pokphand Foods PCL SGX:TPFD 55 Altman Z-Score is 1.19 as of Jun. 24, 2026, which is 9% below its 10-year median of 1.31. GuruFocus rates SGX:TPFD with a GF Score™ of 55/100 and a GF Value™ of S$1.65 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,933 Consumer Packaged Goods companies, Charoen Pokphand Foods PCL ranks worse than 83.91% 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 1.05 is in distress zone. This implies bankruptcy possibility in the next two years.

Charoen Pokphand Foods PCL has a Altman Z-Score of 1.19, 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 Charoen Pokphand Foods PCL's Altman Z-Score or its related term are showing as below:

SGX:TPFD' s Altman Z-Score Range Over the Past 10 Years
Min: 0.9   Med: 1.31   Max: 1.84
Current: 1.05

During the past 13 years, Charoen Pokphand Foods PCL's highest Altman Z-Score was 1.84. The lowest was 0.90. And the median was 1.31.


Charoen Pokphand Foods PCL  (SGX:TPFD) 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.


Charoen Pokphand Foods PCL Altman Z-Score Related Terms


Charoen Pokphand Foods PCL Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Charoen Pokphand Foods 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.

Charoen Pokphand Foods PCL Altman Z-Score Chart

Charoen Pokphand Foods 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 1.13 1.09 0.93 1.09 1.09

Charoen Pokphand Foods 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 1.16 1.17 1.12 1.09 1.06

SGX:TPFD vs ADM, BG, TSN: Altman Z-Score Comparison

For the Farm Products subindustry, Charoen Pokphand Foods 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.


Charoen Pokphand Foods PCL Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Charoen Pokphand Foods PCL's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Charoen Pokphand Foods PCL's Altman Z-Score falls into.


SGX:TPFD
55GF Score
Charoen Pokphand Foods PCL SGX:TPFD
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Charoen Pokphand Foods 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.

Charoen Pokphand Foods 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*-0.0877+1.4*0.1725+3.3*0.0389+0.6*0.4668+1.0*0.6435
=1.19

* 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 S$35,050 Mil.
Total Current Assets was S$7,807 Mil.
Total Current Liabilities was S$10,883 Mil.
Retained Earnings was S$6,046 Mil.
Pre-Tax Income was 268.646 + 99.536 + 310.499 + 560.221 = S$1,239 Mil.
Interest Expense was -29.64 + -33.449 + -29.336 + -31.048 = S$-123 Mil.
Revenue was 5421.676 + 5755.487 + 5569.185 + 5809.401 = S$22,556 Mil.
Market Cap (Today) was S$11,457 Mil.
Total Liabilities was S$24,544 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
=(7807.055 - 10882.594)/35050.423
=-0.0877

X2=Retained Earnings/Total Assets
=6045.886/35050.423
=0.1725

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1238.902 - -123.473)/35050.423
=0.0389

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=11456.699/24544.093
=0.4668

X5=Revenue/Total Assets
=22555.749/35050.423
=0.6435

The zones of discrimination were as such:

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

Charoen Pokphand Foods PCL has a Altman Z-Score of 1.19 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 1.19 mean?
Charoen Pokphand Foods PCL (SGX:TPFD) has a Altman Z-Score of 1.19 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Charoen Pokphand Foods PCL and its competitors. This is near median its historical median of 1.31. Over the past decade, Charoen Pokphand Foods PCL's Altman Z-Score has ranged from 0.90 to 1.84. According to the industry distribution chart, Charoen Pokphand Foods PCL ranks #1622 out of 1933 companies in the Consumer Packaged Goods industry, placing it in the top 83.9%.
Is Charoen Pokphand Foods PCL's Altman Z-Score too high?
Charoen Pokphand Foods PCL's current Altman Z-Score of 1.19 is near median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 1.84. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. Charoen Pokphand Foods PCL's value of 1.19 is 58% below this industry median. Based on the distribution chart, Charoen Pokphand Foods PCL ranks #1622 out of 1933 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Charoen Pokphand Foods PCL has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Charoen Pokphand Foods PCL's Altman Z-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Charoen Pokphand Foods PCL ranks #1622 out of 1933 companies for Altman Z-Score. This places Charoen Pokphand Foods PCL in the lower half of its industry. The industry median Altman Z-Score is 2.83. Charoen Pokphand Foods PCL's value of 1.19 is 58% below this benchmark. Historically, Charoen Pokphand Foods PCL's own Altman Z-Score has ranged from 0.90 to 1.84 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 2.83, Charoen Pokphand Foods 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.83, based on 1,933 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. Charoen Pokphand Foods PCL's current Altman Z-Score of 1.19 is 58% 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 Charoen Pokphand Foods PCL and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Charoen Pokphand Foods PCL's current Altman Z-Score is 1.19, which is near median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Charoen Pokphand Foods PCL stock overvalued right now?
Based on GuruFocus' analysis, Charoen Pokphand Foods PCL (SGX:TPFD) is currently considered Modestly Undervalued. The stock's GF Value™ is S$1.65, compared to a current price of S$1.49 — trading 9.7% below its estimated fair value. The current Altman Z-Score is 1.19, which is near median its 10-year median of 1.31 and 58% below the Consumer Packaged Goods industry median of 2.83. Charoen Pokphand Foods PCL's overall GF Score™ is 55/100 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 Charoen Pokphand Foods PCL (SGX:TPFD), the current Altman Z-Score is 1.19 as of Jun. 24, 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 Charoen Pokphand Foods PCL (SGX:TPFD) Overvalued in 2026?

Based on GuruFocus' analysis, Charoen Pokphand Foods PCL stock appears to be undervalued. The current stock price of S$1.49 is trading 9.7% below its estimated GF Value™ of S$1.65. GuruFocus considers Charoen Pokphand Foods PCL to be Modestly Undervalued.

Key valuation signals for SGX:TPFD:

  • Altman Z-Score: 1.19 (near median its 10-year median of 1.31)
  • GF Value™: S$1.65 vs. price of S$1.49 (9.7% below fair value)
  • GF Score™: 55/100 with 4 warning signs
  • Industry Position: 58% below the Consumer Packaged Goods median (#1622 of 1933)

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


Charoen Pokphand Foods PCL Business Description

Address Silom Road, 313 C.P. Tower, Silom, Bangrak, Bangkok, THA, 10500
Charoen Pokphand Foods PCL operates in agro-industrial and integrated food businesses. The group's business operations are located throughout Thailand and overseas. The businesses are divided into two main segments, namely the livestock business, which comprises chicken, duck, and pigs, and the aquaculture business, which comprises shrimp and fish. The two main businesses are vertically integrated, starting from sourcing raw materials for animal feed production, manufacturing animal feed, breeding animals, farming animals for commercial purposes, primary processing meat, producing ready-to-eat food products, and operating food retail outlets and restaurants.
55GF Score

Get the complete analysis for SGX:TPFD

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

S$1.49
Price
S$1.65
GF Value