North Stawell Minerals (ASX:NSM) Altman Z2-Score: 56.88 (As of Jul. 02, 2026) — 51% Above Median

Q: What does a Altman Z2-Score of 56.88 mean?

North Stawell Minerals (ASX:NSM) has a Altman Z2-Score of 56.88 as of Jul. 02, 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 North Stawell Minerals and its competitors. This is 51% above median its historical median of 37.79. Over the past decade, North Stawell Minerals' Altman Z2-Score has ranged from 32.05 to 65.47. According to the industry distribution chart, North Stawell Minerals ranks #186 out of 2616 companies in the Metals & Mining industry, placing it in the top 7.1%.

Q: Is North Stawell Minerals' Altman Z2-Score too high?

North Stawell Minerals' current Altman Z2-Score of 56.88 is 51% above median its 10-year median of 37.79. Over the past 10 years, this metric has ranged from a low of 32.05 to a high of 65.47. The Metals & Mining industry median Altman Z2-Score is 2.16. North Stawell Minerals' value of 56.88 is 2539.4% above this industry median. Based on the distribution chart, North Stawell Minerals ranks #186 out of 2616 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.

Q: How does North Stawell Minerals' Altman Z2-Score compare to NEM and AU?

According to the Metals & Mining industry distribution chart, North Stawell Minerals ranks #186 out of 2616 companies for Altman Z2-Score. This places North Stawell Minerals in the top 7% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.16. North Stawell Minerals' value of 56.88 is 2539.4% above this benchmark. Historically, North Stawell Minerals' own Altman Z2-Score has ranged from 32.05 to 65.47 over the past decade. While the company's 10-year median is 37.79 vs. the industry median of 2.16, North Stawell Minerals 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.

Q: 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 2,616 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. North Stawell Minerals's current Altman Z2-Score of 56.88 is 2539.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

Q: 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 North Stawell Minerals 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. North Stawell Minerals's current Altman Z2-Score is 56.88, which is 51% above median its own 10-year median of 37.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Q: Is North Stawell Minerals stock overvalued right now?

North Stawell Minerals (ASX:NSM) has a current Altman Z2-Score of 56.88. The current Altman Z2-Score is 56.88, which is 51% above median its 10-year median of 37.79 and 2539.4% above the Metals & Mining industry median of 2.16. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

Q: How is Altman Z2-Score calculated?

Altman Z2-Score is calculated from a company's financial statements. For North Stawell Minerals (ASX:NSM), the current Altman Z2-Score is 56.88 as of Jul. 02, 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.

What is North Stawell Minerals Altman Z2-Score?

North Stawell Minerals ASX:NSM +10.00% Altman Z2-Score is 56.88 as of Jul. 02, 2026, which is 51% above its 10-year median of 37.79. The stock has 1 warning sign investors should review. Among 2,616 Metals & Mining companies, North Stawell Minerals ranks better than 92.89% 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:

North Stawell Minerals has a Altman Z2-Score of 56.88, 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 North Stawell Minerals's Altman Z2-Score or its related term are showing as below:

ASX:NSM' s Altman Z2-Score Range Over the Past 10 Years
Min: 32.05 Med: 37.79 Max: 65.47
Current: 56.88

During the past 5 years, North Stawell Minerals's highest Altman Z2-Score was 65.47. The lowest was 32.05. And the median was 37.79.

North Stawell Minerals (ASX:NSM) 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.

Be Aware

Altman Z2-Score does not apply to financial companies.

North Stawell Minerals Altman Z2-Score Related Terms

North Stawell Minerals Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for North Stawell Minerals'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.

North Stawell Minerals Altman Z2-Score Chart

North Stawell Minerals Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

Jun25

Altman Z2-Score

65.47

36.84

32.05

37.79

56.88

North Stawell Minerals Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Altman Z2-Score	Get a 7-Day Free Trial						0.00	37.79	0.00	56.88	0.00

ASX:NSM vs NEM, AU: Altman Z2-Score Comparison

For the Gold subindustry, North Stawell Minerals'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.

North Stawell Minerals Altman Z2-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, North Stawell Minerals's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where North Stawell Minerals's Altman Z2-Score falls into.

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North Stawell Minerals 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.

North Stawell Minerals's Altman Z2-Score for today is calculated with this formula:

6.56

3.26

6.72

1.05

X4_2

6.56

0.0608

3.26

-0.5513

6.72

-0.0485

1.05

55.8135

56.88

Trailing Twelve Months (TTM) ended in Jun. 2025:
Total Assets was A$14.32 Mil.
Total Current Assets was A$1.12 Mil.
Total Current Liabilities was A$0.25 Mil.
Retained Earnings was A$-7.89 Mil.
Pre-Tax Income was A$-0.70 Mil.
Interest Expense was A$-0.00 Mil.
Total Liabilities was A$0.25 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
	=	(1.122 - 0.252)	/	14.317
	=	0.0608

X2	=	Retained Earnings	/	Total Assets
	=	-7.893	/	14.317
	=	-0.5513

X3	=	Earnings Before Interest and Taxes	/	Total Assets
	=	(Pre-Tax Income - Interest Expense)	/	Total Assets
	=	(-0.697 - -0.003)	/	14.317
	=	-0.0485

X4_2	=	Net Worth	/	Total Liabilities
	=	(Total Stockholders Equity - Preferred Stock)	/	Total Liabilities
	=	(14.065 - 0)	/	0.252
	=	55.8135

The zones of discrimination were as such:

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

North Stawell Minerals has a Altman Z2-Score of 56.88 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →

What does a Altman Z2-Score of 56.88 mean?

North Stawell Minerals (ASX:NSM) has a Altman Z2-Score of 56.88 as of Jul. 02, 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 North Stawell Minerals and its competitors. This is 51% above median its historical median of 37.79. Over the past decade, North Stawell Minerals' Altman Z2-Score has ranged from 32.05 to 65.47. According to the industry distribution chart, North Stawell Minerals ranks #186 out of 2616 companies in the Metals & Mining industry, placing it in the top 7.1%.

Is North Stawell Minerals' Altman Z2-Score too high?

North Stawell Minerals' current Altman Z2-Score of 56.88 is 51% above median its 10-year median of 37.79. Over the past 10 years, this metric has ranged from a low of 32.05 to a high of 65.47. The Metals & Mining industry median Altman Z2-Score is 2.16. North Stawell Minerals' value of 56.88 is 2539.4% above this industry median. Based on the distribution chart, North Stawell Minerals ranks #186 out of 2616 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.

How does North Stawell Minerals' Altman Z2-Score compare to NEM and AU?

According to the Metals & Mining industry distribution chart, North Stawell Minerals ranks #186 out of 2616 companies for Altman Z2-Score. This places North Stawell Minerals in the top 7% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.16. North Stawell Minerals' value of 56.88 is 2539.4% above this benchmark. Historically, North Stawell Minerals' own Altman Z2-Score has ranged from 32.05 to 65.47 over the past decade. While the company's 10-year median is 37.79 vs. the industry median of 2.16, North Stawell Minerals 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 2,616 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. North Stawell Minerals's current Altman Z2-Score of 56.88 is 2539.4% 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 North Stawell Minerals 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. North Stawell Minerals's current Altman Z2-Score is 56.88, which is 51% above median its own 10-year median of 37.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is North Stawell Minerals stock overvalued right now?

North Stawell Minerals (ASX:NSM) has a current Altman Z2-Score of 56.88. The current Altman Z2-Score is 56.88, which is 51% above median its 10-year median of 37.79 and 2539.4% above the Metals & Mining industry median of 2.16. 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 North Stawell Minerals (ASX:NSM), the current Altman Z2-Score is 56.88 as of Jul. 02, 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.

North Stawell Minerals Business Description

Industry Basic Materials Metals & Mining

Comparable Companies ASX:KAL ASX:FG1 ASX:RRE ASX:GG1 ASX:MEX ASX:REZ ASX:TYX ASX:NAG ASX:BNR ASX:TMX NEM SHSE:601899 TSX:AEM TSX:ABX TSX:WPM TSX:FNV AU HKSE:02259 JSE:GFI TSX:K

Address Leviathan Road, Stawell, VIC, AUS, 3380

Website https://www.northstawellminerals.com

North Stawell Minerals Ltd is engaged in the exploration and development of gold deposits. The company holds interests in prospective tenements to the North of the 5 Moz Stawell Gold Mine in Victoria, Australia. The projects of the company include Wildwood, Barrabool, Glenorchy, Germania, West Barrabool, Wimmera Park Granite, Deep Lead, and others.