Thai Union Group PCLTHFRF 74 Altman Z-Score is 1.59 as of Jun. 27, 2026, which is 21% below its 10-year median of 2.01. GuruFocus rates THFRF with a GF Score™ of 74/100 and a GF Value™ of $0.54. The stock has 6 warning signs investors should review. Among 1,933 Consumer Packaged Goods companies, Thai Union Group PCL ranks worse than 75.32% 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 1.59 is in distress zone. This implies bankruptcy possibility in the next two years.
Thai Union Group PCL has a Altman Z-Score of 1.59, 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 Thai Union Group PCL's Altman Z-Score or its related term are showing as below:
THFRF'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.54 Med: 2.01 Max: 2.91
Current: 1.59
During the past 13 years, Thai Union Group PCL's highest Altman Z-Score was 2.91. The lowest was 1.54. And the median was 2.01.
Thai Union Group PCL (OTCPK:THFRF) 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.
Altman Z-Score does not apply to financial companies.
Thai Union Group PCL Altman Z-Score Related Terms
Thai Union Group PCL Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Thai Union Group 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.
For the Packaged Foods subindustry, Thai Union Group 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.
Thai Union Group PCL Altman Z-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Union Group PCL's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Thai Union Group PCL'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.
Thai Union Group 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
*
0.1598
+
1.4
*
0.1028
+
3.3
*
0.0492
+
0.6
*
0.4056
+
1.0
*
0.8471
=
1.59
* 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.
Thai Union Group PCL (THFRF) has a Altman Z-Score of 1.59 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Thai Union Group PCL and its competitors. This is 21% below median its historical median of 2.01. Over the past decade, Thai Union Group PCL's Altman Z-Score has ranged from 1.54 to 2.91. According to the industry distribution chart, Thai Union Group PCL ranks #1456 out of 1933 companies in the Consumer Packaged Goods industry, placing it in the top 75.3%.
Is Thai Union Group PCL's Altman Z-Score too high?
Thai Union Group PCL's current Altman Z-Score of 1.59 is 21% below median its 10-year median of 2.01. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 2.91. The Consumer Packaged Goods industry median Altman Z-Score is 2.84. Thai Union Group PCL's value of 1.59 is 44% below this industry median. Based on the distribution chart, Thai Union Group PCL ranks #1456 out of 1933 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Thai Union Group PCL has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Thai Union Group PCL's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Thai Union Group PCL ranks #1456 out of 1933 companies for Altman Z-Score. This places Thai Union Group PCL in the lower half of its industry. The industry median Altman Z-Score is 2.84. Thai Union Group PCL's value of 1.59 is 44% below this benchmark. Historically, Thai Union Group PCL's own Altman Z-Score has ranged from 1.54 to 2.91 over the past decade. While the company's 10-year median is 2.01 vs. the industry median of 2.84, Thai Union Group 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 2.84, 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. Thai Union Group PCL's current Altman Z-Score of 1.59 is 44% 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 Thai Union Group PCL and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Union Group PCL's current Altman Z-Score is 1.59, which is 21% below median its own 10-year median of 2.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Union Group PCL stock overvalued right now?
Thai Union Group PCL (THFRF) has a current Altman Z-Score of 1.59. The stock's GF Value™ is $0.54, compared to a current price of $0.43 — trading 20.4% below its estimated fair value. The current Altman Z-Score is 1.59, which is 21% below median its 10-year median of 2.01 and 44% below the Consumer Packaged Goods industry median of 2.84. Thai Union Group PCL's overall GF Score™ is 74/100 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 Thai Union Group PCL (THFRF), the current Altman Z-Score is 1.59 as of Jun. 27, 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 Thai Union Group PCL (THFRF) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Union Group PCL stock appears to be undervalued.
The current stock price of $0.43 is trading 20.4% below its estimated GF Value™ of $0.54.
Key valuation signals for THFRF:
Altman Z-Score: 1.59 (21% below median its 10-year median of 2.01)
GF Value™: $0.54 vs. price of $0.43 (20.4% below fair value)
Industry Position: 44% below the Consumer Packaged Goods median (#1456 of 1933)
No single metric tells the full story. See the THFRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Union Group PCL is a seafood-based food products company. The company sells its products locally in Thailand, as well as in North America and Europe. The business categories are ambient seafood (tuna, salmon, sardine, mackerel); frozen and chilled seafood and related products (shrimp, lobster, salmon); and pet food and value-added. In North America, Thai Union's portfolio contains tuna, salmon, and sardines, sold in different varieties under the Chicken of the Sea and Genova brands. In Europe, the company offers seafood and fish products under brands such as John West, Petit Navire, Parmentier, King Oscar, Mareblum, and Rugen Fisch. In Asia-Pacific, the local brands are Century, Sealect, Fisho, Bellotta, and Marvo. Majority of revenue is from USA.
74GF Score
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