Gold MountainASX:GMN -2.50% Altman Z2-Score is 17.89 as of Jul. 05, 2026, which is 4% below its 10-year median of 18.70. The stock has 2 warning signs investors should review. Among 2,615 Metals & Mining companies, Gold Mountain ranks better than 81.45% 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:
Gold Mountain has a Altman Z2-Score of 17.89, 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 Gold Mountain's Altman Z2-Score or its related term are showing as below:
ASX:GMN'
s Altman Z2-Score Range Over the Past 10 Years
Min: -3.87 Med: 18.7 Max: 102.28
Current: 17.89
During the past 13 years, Gold Mountain's highest Altman Z2-Score was 102.28. The lowest was -3.87. And the median was 18.70.
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.
Gold Mountain Altman Z2-Score Related Terms
Gold Mountain Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Gold Mountain'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 Gold subindustry, Gold Mountain'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.
Gold Mountain Altman Z2-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Gold Mountain's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Gold Mountain'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.
Gold Mountain'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
*
0.1015
+
3.26
*
-4.262
+
6.72
*
-0.6912
+
1.05
*
34.0603
=
17.89
* 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.
Gold Mountain (ASX:GMN) has a Altman Z2-Score of 17.89 as of Jul. 05, 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 Gold Mountain and its competitors. This is near median its historical median of 18.70. According to the industry distribution chart, Gold Mountain ranks #485 out of 2615 companies in the Metals & Mining industry, placing it in the top 18.5%.
Is Gold Mountain's Altman Z2-Score too high?
Gold Mountain's current Altman Z2-Score of 17.89 is near median its 10-year median of 18.70. The Metals & Mining industry median Altman Z2-Score is 2.14. Gold Mountain's value of 17.89 is 736% above this industry median. Based on the distribution chart, Gold Mountain ranks #485 out of 2615 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does Gold Mountain's Altman Z2-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Gold Mountain ranks #485 out of 2615 companies for Altman Z2-Score. This places Gold Mountain in the top 19% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.14. Gold Mountain's value of 17.89 is 736% above this benchmark. While the company's 10-year median is 18.70 vs. the industry median of 2.14, Gold Mountain 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 2.14, based on 2,615 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. Gold Mountain's current Altman Z2-Score of 17.89 is 736% 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 Gold Mountain and its competitors. For the Metals & Mining industry, the median Altman Z2-Score is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gold Mountain's current Altman Z2-Score is 17.89, which is near median its own 10-year median of 18.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gold Mountain stock overvalued right now?
Gold Mountain (ASX:GMN) has a current Altman Z2-Score of 17.89. The current Altman Z2-Score is 17.89, which is near median its 10-year median of 18.70 and 736% above the Metals & Mining industry median of 2.14. 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 Gold Mountain (ASX:GMN), the current Altman Z2-Score is 17.89 as of Jul. 05, 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.
Gold Mountain Ltd is engaged in exploring, and developing areas that are prospective for gold and other precious and base metals and minerals. The company's geographical segment includes Australia, Brazil and Papua New Guinea. It generates maximum revenue from Australia. Some of its projects include the Wabag Project and Mongae Creek.
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