CTI LogisticsASX:CLX +11.82%67 Altman Z2-Score is 2.23 as of Jun. 27, 2026, which is 15% below its 10-year median of 2.62. GuruFocus rates ASX:CLX with a GF Score™ of 67/100 and a GF Value™ of A$1.84 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 1,002 Transportation companies, CTI Logistics ranks worse than 59.88% 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.
CTI Logistics has a Altman Z2-Score of 2.23, indicating it is in Grey Zones. This implies that CTI Logistics is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.
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 CTI Logistics's Altman Z2-Score or its related term are showing as below:
ASX:CLX'
s Altman Z2-Score Range Over the Past 10 Years
Min: 1.47 Med: 2.62 Max: 3.73
Current: 2.23
During the past 13 years, CTI Logistics's highest Altman Z2-Score was 3.73. The lowest was 1.47. And the median was 2.62.
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.
Altman Z2-Score does not apply to financial companies.
CTI Logistics Altman Z2-Score Related Terms
CTI Logistics Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for CTI Logistics'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.
ASX:CLX vs FDX, UPS, JBHT: Altman Z2-Score Comparison
For the Integrated Freight & Logistics subindustry, CTI Logistics'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.
CTI Logistics Altman Z2-Score vs Transportation Industry
For the Transportation industry and Industrials sector, CTI Logistics's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where CTI Logistics's Altman Z2-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.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
CTI Logistics'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
*
-0.0138
+
3.26
*
0.3051
+
6.72
*
0.0882
+
1.05
*
0.6965
=
2.23
* 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.
CTI Logistics (ASX:CLX) has a Altman Z2-Score of 2.23 as of Jun. 27, 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 CTI Logistics and its competitors. This is 15% below median its historical median of 2.62. Over the past decade, CTI Logistics' Altman Z2-Score has ranged from 1.47 to 3.73. According to the industry distribution chart, CTI Logistics ranks #600 out of 1002 companies in the Transportation industry, placing it in the top 59.9%.
Is CTI Logistics' Altman Z2-Score too high?
CTI Logistics' current Altman Z2-Score of 2.23 is 15% below median its 10-year median of 2.62. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 3.73. The Transportation industry median Altman Z2-Score is 2.98. CTI Logistics' value of 2.23 is 25.2% below this industry median. Based on the distribution chart, CTI Logistics ranks #600 out of 1002 companies in the Transportation industry, which is below the industry midpoint. Overall, CTI Logistics has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CTI Logistics' Altman Z2-Score compare to FDX and UPS?
According to the Transportation industry distribution chart, CTI Logistics ranks #600 out of 1002 companies for Altman Z2-Score. This places CTI Logistics in the lower half of its industry. The industry median Altman Z2-Score is 2.98. CTI Logistics' value of 2.23 is 25.2% below this benchmark. Historically, CTI Logistics' own Altman Z2-Score has ranged from 1.47 to 3.73 over the past decade. While the company's 10-year median is 2.62 vs. the industry median of 2.98, CTI Logistics 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 Z2-Score for a Transportation company?
The median Altman Z2-Score among Transportation companies is 2.98, based on 1,002 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. CTI Logistics's current Altman Z2-Score of 2.23 is 25.2% 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 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 CTI Logistics and its competitors. For the Transportation 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. CTI Logistics's current Altman Z2-Score is 2.23, which is 15% below median its own 10-year median of 2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CTI Logistics stock overvalued right now?
Based on GuruFocus' analysis, CTI Logistics (ASX:CLX) is currently considered Significantly Overvalued. The stock's GF Value™ is A$1.84, compared to a current price of A$2.46 — trading 33.7% above its estimated fair value. The current Altman Z2-Score is 2.23, which is 15% below median its 10-year median of 2.62 and 25.2% below the Transportation industry median of 2.98. CTI Logistics' overall GF Score™ is 67/100 with 11 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 CTI Logistics (ASX:CLX), the current Altman Z2-Score is 2.23 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 CTI Logistics (ASX:CLX) Overvalued in 2026?
Based on GuruFocus' analysis, CTI Logistics stock appears to be overvalued.
The current stock price of A$2.46 is trading 33.7% above its estimated GF Value™ of A$1.84.
GuruFocus considers CTI Logistics to be Significantly Overvalued.
Key valuation signals for ASX:CLX:
Altman Z2-Score: 2.23 (15% below median its 10-year median of 2.62)
GF Value™: A$1.84 vs. price of A$2.46 (33.7% above fair value)
Industry Position: 25.2% below the Transportation median (#600 of 1002)
No single metric tells the full story. See the ASX:CLX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CTI Logistics Ltd is an integrated shipping and logistics company. It is organized into four operating segments, which are Transport, Logistics, Property, and Other. The Transport Services segment includes the provision of courier, taxi, truck, parcel distribution, and fleet management. Logistics services include the provision of warehousing and distribution, specialized flooring logistics, supply-based management services, and document storage services. The property segment includes the rental of owner-occupied and investment properties. The Other segment is engaged in the provision of security services. The majority of revenue comes from the Transport segment. It provides services in Western Australia, South Australia, New South Wales, Victoria, and Queensland.
67GF Score
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