DMTRF (3-D Matrix) Altman Z2-Score: 2.15 (As of Jun. 25, 2026)


DMTRF 3-D Matrix Ltd DMTRF
55 GF Score
Price $2.25
GF Value $2.15
Valuation Fairly Valued
! 3 Warning Signs
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What is 3-D Matrix Altman Z2-Score?

3-D Matrix DMTRF 55 Altman Z2-Score is 2.15 as of Jun. 25, 2026. GuruFocus rates DMTRF with a GF Score™ of 55/100 and a GF Value™ of $2.15 (Fairly Valued). The stock has 3 warning signs investors should review. Among 845 Medical Devices & Instruments companies, 3-D Matrix ranks worse than 73.14% 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.

3-D Matrix has a Altman Z2-Score of 2.15, indicating it is in Grey Zones. This implies that 3-D Matrix 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 3-D Matrix's Altman Z2-Score or its related term are showing as below:

DMTRF' s Altman Z2-Score Range Over the Past 10 Years
Min: -20.53   Med: -10.21   Max: -1.86
Current: -1.86

During the past 13 years, 3-D Matrix's highest Altman Z2-Score was -1.86. The lowest was -20.53. And the median was -10.21.


3-D Matrix  (OTCPK:DMTRF) 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.


3-D Matrix Altman Z2-Score Related Terms


3-D Matrix Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for 3-D Matrix'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.

3-D Matrix Altman Z2-Score Chart

3-D Matrix Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.62 -10.89 -8.28 -10.21 0.00

3-D Matrix Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 -10.21 -8.18 -5.11 -1.86 0.00

DMTRF vs ABT, SYK, MDT: Altman Z2-Score Comparison

For the Medical Devices subindustry, 3-D Matrix'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.


3-D Matrix Altman Z2-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, 3-D Matrix's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where 3-D Matrix's Altman Z2-Score falls into.


DMTRF
55GF Score
3-D Matrix Ltd DMTRF
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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3-D Matrix 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.

3-D Matrix'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*0.6353+3.26*-2.2571+6.72*0.4402+1.05*2.2661
=2.15

* 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 Jan. 2026:
Total Assets was $61.56 Mil.
Total Current Assets was $57.69 Mil.
Total Current Liabilities was $18.58 Mil.
Retained Earnings was $-138.95 Mil.
Pre-Tax Income was 9.086 + 4.616 + 7.035 + 6.241 = $26.98 Mil.
Interest Expense was -0.018 + -0.011 + -0.023 + -0.067 = $-0.12 Mil.
Total Liabilities was $18.85 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
=(57.689 - 18.578)/61.563
=0.6353

X2=Retained Earnings/Total Assets
=-138.952/61.563
=-2.2571

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(26.978 - -0.119)/61.563
=0.4402

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(42.713 - 0)/18.849
=2.2661

The zones of discrimination were as such:

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

3-D Matrix has a Altman Z2-Score of 2.15 indicating it is in Grey Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 2.15 mean?
3-D Matrix (DMTRF) has a Altman Z2-Score of 2.15 as of Jun. 25, 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 3-D Matrix and its competitors. According to the industry distribution chart, 3-D Matrix ranks #618 out of 845 companies in the Medical Devices & Instruments industry, placing it in the top 73.1%.
Is 3-D Matrix's Altman Z2-Score too high?
3-D Matrix's current Altman Z2-Score is 2.15. The Medical Devices & Instruments industry median Altman Z2-Score is 3.48. 3-D Matrix's value of 2.15 is 38.2% below this industry median. Based on the distribution chart, 3-D Matrix ranks #618 out of 845 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, 3-D Matrix has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does 3-D Matrix's Altman Z2-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, 3-D Matrix ranks #618 out of 845 companies for Altman Z2-Score. This places 3-D Matrix in the lower half of its industry. The industry median Altman Z2-Score is 3.48. 3-D Matrix's value of 2.15 is 38.2% below this benchmark. 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 Medical Devices & Instruments company?
The median Altman Z2-Score among Medical Devices & Instruments companies is 3.48, based on 845 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. 3-D Matrix's current Altman Z2-Score of 2.15 is 38.2% 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 3-D Matrix and its competitors. For the Medical Devices & Instruments industry, the median Altman Z2-Score is 3.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 3-D Matrix's current Altman Z2-Score is 2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 3-D Matrix stock overvalued right now?
Based on GuruFocus' analysis, 3-D Matrix (DMTRF) is currently considered Fairly Valued. The stock's GF Value™ is $2.15, compared to a current price of $2.25 — trading 4.7% above its estimated fair value. The current Altman Z2-Score is 2.15 and 38.2% below the Medical Devices & Instruments industry median of 3.48. 3-D Matrix's overall GF Score™ is 55/100 with 3 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 3-D Matrix (DMTRF), the current Altman Z2-Score is 2.15 as of Jun. 25, 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 3-D Matrix (DMTRF) Overvalued in 2026?

Based on GuruFocus' analysis, 3-D Matrix stock appears to be overvalued. The current stock price of $2.25 is trading 4.7% above its estimated GF Value™ of $2.15. GuruFocus considers 3-D Matrix to be Fairly Valued.

Key valuation signals for DMTRF:

  • Altman Z2-Score: 2.15
  • GF Value™: $2.15 vs. price of $2.25 (4.7% above fair value)
  • GF Score™: 55/100 with 3 warning signs
  • Industry Position: 38.2% below the Medical Devices & Instruments median (#618 of 845)

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


3-D Matrix Business Description

Other Exchanges 7777:Japan
Address 3-2-4 Kojimachi, Chiyoda-ku, 7th floor, Kojimachi HF Building, Tokyo, JPN, 102-0083
3-D Matrix Ltd is engaged in the research, development, manufacture, and sale of medical devices based on the self-assembling peptide technology. Its products include PuraMatrix, High Concentration PuraMatrix, Modified Peptide and GMP Grade PuraMatrix.
55GF Score

Get the complete analysis for DMTRF

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

$2.25
Price
$2.15
GF Value