Jordanian Duty Free Shops (AMM:JDFS) Altman Z2-Score: 4.76 (As of Jul. 20, 2026) — 40% Below Median

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AMM:JDFS Jordanian Duty Free Shops AMM:JDFS
95 GF Score
Price JOD6.25
GF Value JOD9.85
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Jordanian Duty Free Shops Altman Z2-Score?

Jordanian Duty Free Shops AMM:JDFS 95 Altman Z2-Score is 4.76 as of Jul. 20, 2026, which is 40% below its 10-year median of 7.94. GuruFocus rates AMM:JDFS with a GF Score™ of 95/100 and a GF Value™ of JOD9.85 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,118 Retail - Cyclical companies, Jordanian Duty Free Shops ranks better than 67.35% on this metric.

Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.

Good Sign:

Jordanian Duty Free Shops has a Altman Z2-Score of 4.76, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.

The zones of discrimination were as such:

When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.

The historical rank and industry rank for Jordanian Duty Free Shops's Altman Z2-Score or its related term are showing as below:

AMM:JDFS' s Altman Z2-Score Range Over the Past 10 Years
Min: 2.83   Med: 7.94   Max: 28.48
Current: 4.76

During the past 13 years, Jordanian Duty Free Shops's highest Altman Z2-Score was 28.48. The lowest was 2.83. And the median was 7.94.


Jordanian Duty Free Shops  (AMM:JDFS) Altman Z2-Score Explanation

The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.

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_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


Jordanian Duty Free Shops Altman Z2-Score Related Terms


Jordanian Duty Free Shops Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Jordanian Duty Free Shops's Altman Z2-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.

Jordanian Duty Free Shops Altman Z2-Score Chart

Jordanian Duty Free Shops Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.54 5.17 4.60 4.32 4.62

Jordanian Duty Free Shops Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z2-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 4.96 4.29 4.11 4.62 4.76

AMM:JDFS vs CASY, WSM, DKS: Altman Z2-Score Comparison

For the Specialty Retail subindustry, Jordanian Duty Free Shops's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.


Jordanian Duty Free Shops Altman Z2-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Jordanian Duty Free Shops's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Jordanian Duty Free Shops's Altman Z2-Score falls into.


AMM:JDFS
95GF Score
Jordanian Duty Free Shops AMM:JDFS
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jordanian Duty Free Shops Altman Z2-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.

Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.

Jordanian Duty Free Shops's Altman Z2-Score for today is calculated with this formula:

Z=6.56*X1+3.26*X2+6.72*X3+1.05*X4_2
=6.56*0.5023+3.26*0+6.72*0.1439+1.05*0.474
=4.76

* 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 Z2-Score when X4_2 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was JOD81.2 Mil.
Total Current Assets was JOD40.8 Mil.
Total Current Liabilities was JOD0.0 Mil.
Retained Earnings was JOD0.0 Mil.
Pre-Tax Income was 2.932 + 4.41 + 0.616 + 2.311 = JOD10.3 Mil.
Interest Expense was -0.321 + -0.358 + -0.383 + -0.345 = JOD-1.4 Mil.
Total Liabilities was JOD81.2 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
=(40.764 - 0)/81.155
=0.5023

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(10.269 - -1.407)/81.155
=0.1439

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(38.468 - 0)/81.155
=0.474

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

Jordanian Duty Free Shops has a Altman Z2-Score of 4.76 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 4.76 mean?
Jordanian Duty Free Shops (AMM:JDFS) has a Altman Z2-Score of 4.76 as of Jul. 20, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Jordanian Duty Free Shops and its competitors. This is 40% below median its historical median of 7.94. Over the past decade, Jordanian Duty Free Shops' Altman Z2-Score has ranged from 2.83 to 28.48. According to the industry distribution chart, Jordanian Duty Free Shops ranks #365 out of 1118 companies in the Retail - Cyclical industry, placing it in the top 32.6%.
Is Jordanian Duty Free Shops' Altman Z2-Score too high?
Jordanian Duty Free Shops' current Altman Z2-Score of 4.76 is 40% below median its 10-year median of 7.94. Over the past 10 years, this metric has ranged from a low of 2.83 to a high of 28.48. The Retail - Cyclical industry median Altman Z2-Score is 2.98. Jordanian Duty Free Shops' value of 4.76 is 60% above this industry median. Based on the distribution chart, Jordanian Duty Free Shops ranks #365 out of 1118 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Jordanian Duty Free Shops has a GF Score™ of 95/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jordanian Duty Free Shops' Altman Z2-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Jordanian Duty Free Shops ranks #365 out of 1118 companies for Altman Z2-Score. This puts Jordanian Duty Free Shops in the upper half of its industry. The industry median Altman Z2-Score is 2.98. Jordanian Duty Free Shops' value of 4.76 is 60% above this benchmark. Historically, Jordanian Duty Free Shops' own Altman Z2-Score has ranged from 2.83 to 28.48 over the past decade. While the company's 10-year median is 7.94 vs. the industry median of 2.98, Jordanian Duty Free Shops 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 Z2-Score for a Retail - Cyclical company?
The median Altman Z2-Score among Retail - Cyclical companies is 2.98, based on 1,118 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jordanian Duty Free Shops's current Altman Z2-Score of 4.76 is 60% 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 Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Jordanian Duty Free Shops and its competitors. For the Retail - Cyclical industry, the median Altman Z2-Score is 2.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jordanian Duty Free Shops's current Altman Z2-Score is 4.76, which is 40% below median its own 10-year median of 7.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jordanian Duty Free Shops stock overvalued right now?
Based on GuruFocus' analysis, Jordanian Duty Free Shops (AMM:JDFS) is currently considered Significantly Undervalued. The stock's GF Value™ is JOD9.85, compared to a current price of JOD6.25 — trading 36.5% below its estimated fair value. The current Altman Z2-Score is 4.76, which is 40% below median its 10-year median of 7.94 and 60% above the Retail - Cyclical industry median of 2.98. Jordanian Duty Free Shops' overall GF Score™ is 95/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Jordanian Duty Free Shops (AMM:JDFS), the current Altman Z2-Score is 4.76 as of Jul. 20, 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 Jordanian Duty Free Shops (AMM:JDFS) Overvalued in 2026?

Based on GuruFocus' analysis, Jordanian Duty Free Shops stock appears to be undervalued. The current stock price of JOD6.25 is trading 36.5% below its estimated GF Value™ of JOD9.85. GuruFocus considers Jordanian Duty Free Shops to be Significantly Undervalued.

Key valuation signals for AMM:JDFS:

  • Altman Z2-Score: 4.76 (40% below median its 10-year median of 7.94)
  • GF Value™: JOD9.85 vs. price of JOD6.25 (36.5% below fair value)
  • GF Score™: 95/100 with 4 warning signs
  • Industry Position: 60% above the Retail - Cyclical median (#365 of 1118)

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


Jordanian Duty Free Shops Business Description

Address Tunis Street, 4th Circle, P.O.Box 941601, Amoun Complex, Jabal Amman, Amman, JOR, 11194
Jordanian Duty Free Shops is engaged in the business of establishing, operating, managing, and investing in duty-free shops on border crossings. The company's various product offerings include Fragrances, Cosmetics, Accessories, Confectionery, Liquors, Cigarettes, and Tobacco, among others.
95GF Score

Get the complete analysis for AMM:JDFS

Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

JOD6.25
Price
JOD9.85
GF Value