Cygnus MetalsASX:CY5 +4.55%38 Altman Z2-Score is 11.94 as of Jun. 30, 2026, which is 24% above its 10-year median of 9.66. GuruFocus rates ASX:CY5 with a GF Score™ of 38/100. Among 2,614 Metals & Mining companies, Cygnus Metals ranks better than 75.86% 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:
Cygnus Metals has a Altman Z2-Score of 11.94, 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 Cygnus Metals's Altman Z2-Score or its related term are showing as below:
ASX:CY5'
s Altman Z2-Score Range Over the Past 10 Years
Min: -2.06 Med: 9.66 Max: 18.59
Current: 11.94
During the past 9 years, Cygnus Metals's highest Altman Z2-Score was 18.59. The lowest was -2.06. And the median was 9.66.
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.
Cygnus Metals Altman Z2-Score Related Terms
Cygnus Metals Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Cygnus Metals'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.
For the Other Industrial Metals & Mining subindustry, Cygnus Metals'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.
Cygnus Metals Altman Z2-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Cygnus Metals's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Cygnus Metals'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.
Cygnus Metals'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
*
0.132
+
3.26
*
-0.4322
+
6.72
*
-0.0828
+
1.05
*
12.4185
=
11.94
* 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 Z2-Score when X4_2 value is 0.
Cygnus Metals (ASX:CY5) has a Altman Z2-Score of 11.94 as of Jun. 30, 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 Cygnus Metals and its competitors. This is 24% above median its historical median of 9.66. According to the industry distribution chart, Cygnus Metals ranks #631 out of 2614 companies in the Metals & Mining industry, placing it in the top 24.1%.
Is Cygnus Metals' Altman Z2-Score too high?
Cygnus Metals' current Altman Z2-Score of 11.94 is 24% above median its 10-year median of 9.66. The Metals & Mining industry median Altman Z2-Score is 2.16. Cygnus Metals' value of 11.94 is 454.1% above this industry median. Based on the distribution chart, Cygnus Metals ranks #631 out of 2614 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Cygnus Metals has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Cygnus Metals' Altman Z2-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Cygnus Metals ranks #631 out of 2614 companies for Altman Z2-Score. This places Cygnus Metals in the top 24% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.16. Cygnus Metals' value of 11.94 is 454.1% above this benchmark. While the company's 10-year median is 9.66 vs. the industry median of 2.16, Cygnus Metals 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 Metals & Mining company?
The median Altman Z2-Score among Metals & Mining companies is 2.16, based on 2,614 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. Cygnus Metals's current Altman Z2-Score of 11.94 is 454.1% 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 Cygnus Metals and its competitors. For the Metals & Mining industry, the median Altman Z2-Score is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cygnus Metals's current Altman Z2-Score is 11.94, which is 24% above median its own 10-year median of 9.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cygnus Metals stock overvalued right now?
Cygnus Metals (ASX:CY5) has a current Altman Z2-Score of 11.94. The current Altman Z2-Score is 11.94, which is 24% above median its 10-year median of 9.66 and 454.1% above the Metals & Mining industry median of 2.16. Cygnus Metals' overall GF Score™ is 38/100. 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 Cygnus Metals (ASX:CY5), the current Altman Z2-Score is 11.94 as of Jun. 30, 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.
Cygnus Metals Ltd is an exploration company focused on advancing the Pontax Lithium Project in the James Bay lithium district in Canada, as well as the Auclair Lithium Project, Bencubbin Project, Sakami Lithium Project, and Snake Rock Project in Western Australia. The company is actively exploring both jurisdictions with tenure prospects for lithium, gold, and copper.
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