Grupo Comercial ChedrauiB de CV (FRA:2GCB) Altman Z2-Score: 2.06 (As of Jun. 29, 2026) — 16% Above Median


FRA:2GCB Grupo Comercial Chedraui SAB de CV FRA:2GCB
82 GF Score
Price €4.46
GF Value €6.46
! 1 Warning Sign
View Full Analysis

What is Grupo Comercial ChedrauiB de CV Altman Z2-Score?

Grupo Comercial ChedrauiB de CV FRA:2GCB +0.45% 82 Altman Z2-Score is 2.06 as of Jun. 29, 2026, which is 16% above its 10-year median of 1.78. GuruFocus rates FRA:2GCB with a GF Score™ of 82/100 and a GF Value™ of €6.46. The stock has 1 warning sign investors should review. Among 304 Retail - Defensive companies, Grupo Comercial ChedrauiB de CV ranks worse than 58.55% 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.

Grupo Comercial ChedrauiB de CV has a Altman Z2-Score of 2.06, indicating it is in Grey Zones. This implies that Grupo Comercial ChedrauiB de CV 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 Grupo Comercial ChedrauiB de CV's Altman Z2-Score or its related term are showing as below:

FRA:2GCB' s Altman Z2-Score Range Over the Past 10 Years
Min: 1.04   Med: 1.78   Max: 2.61
Current: 2.07

During the past 13 years, Grupo Comercial ChedrauiB de CV's highest Altman Z2-Score was 2.61. The lowest was 1.04. And the median was 1.78.


Grupo Comercial ChedrauiB de CV  (FRA:2GCB) 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.


Grupo Comercial ChedrauiB de CV Altman Z2-Score Related Terms


Grupo Comercial ChedrauiB de CV Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Grupo Comercial ChedrauiB de CV'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.

Grupo Comercial ChedrauiB de CV Altman Z2-Score Chart

Grupo Comercial ChedrauiB de CV Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.04 1.46 1.96 1.63 1.87

Grupo Comercial ChedrauiB de CV Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.75 1.94 1.98 1.87 2.07

FRA:2GCB vs KR, SFM, ACI: Altman Z2-Score Comparison

For the Grocery Stores subindustry, Grupo Comercial ChedrauiB de CV'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.


Grupo Comercial ChedrauiB de CV Altman Z2-Score vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Grupo Comercial ChedrauiB de CV's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Grupo Comercial ChedrauiB de CV's Altman Z2-Score falls into.


FRA:2GCB
82GF Score
Grupo Comercial Chedraui SAB de CV FRA:2GCB
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Grupo Comercial ChedrauiB de CV 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.

Grupo Comercial ChedrauiB de CV'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*-0.0126+3.26*0.3164+6.72*0.0833+1.05*0.5209
=2.06

* 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 Mar. 2026:
Total Assets was €7,494 Mil.
Total Current Assets was €1,981 Mil.
Total Current Liabilities was €2,075 Mil.
Retained Earnings was €2,371 Mil.
Pre-Tax Income was 110.639 + 86.028 + 112.293 + 137.531 = €446 Mil.
Interest Expense was -43.395 + -50.307 + -43.854 + -40.549 = €-178 Mil.
Total Liabilities was €4,905 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
=(1980.824 - 2075.352)/7494.259
=-0.0126

X2=Retained Earnings/Total Assets
=2371.453/7494.259
=0.3164

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(446.491 - -178.105)/7494.259
=0.0833

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(2554.911 - 0)/4904.518
=0.5209

The zones of discrimination were as such:

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

Grupo Comercial ChedrauiB de CV has a Altman Z2-Score of 2.06 indicating it is in Grey Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 2.06 mean?
Grupo Comercial ChedrauiB de CV (FRA:2GCB) has a Altman Z2-Score of 2.06 as of Jun. 29, 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 Grupo Comercial ChedrauiB de CV and its competitors. This is 16% above median its historical median of 1.78. Over the past decade, Grupo Comercial ChedrauiB de CV's Altman Z2-Score has ranged from 1.04 to 2.61. According to the industry distribution chart, Grupo Comercial ChedrauiB de CV ranks #178 out of 304 companies in the Retail - Defensive industry, placing it in the top 58.6%.
Is Grupo Comercial ChedrauiB de CV's Altman Z2-Score too high?
Grupo Comercial ChedrauiB de CV's current Altman Z2-Score of 2.06 is 16% above median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 2.61. The Retail - Defensive industry median Altman Z2-Score is 2.68. Grupo Comercial ChedrauiB de CV's value of 2.06 is 23.1% below this industry median. Based on the distribution chart, Grupo Comercial ChedrauiB de CV ranks #178 out of 304 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Grupo Comercial ChedrauiB de CV has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Grupo Comercial ChedrauiB de CV's Altman Z2-Score compare to KR and SFM?
According to the Retail - Defensive industry distribution chart, Grupo Comercial ChedrauiB de CV ranks #178 out of 304 companies for Altman Z2-Score. This places Grupo Comercial ChedrauiB de CV in the lower half of its industry. The industry median Altman Z2-Score is 2.68. Grupo Comercial ChedrauiB de CV's value of 2.06 is 23.1% below this benchmark. Historically, Grupo Comercial ChedrauiB de CV's own Altman Z2-Score has ranged from 1.04 to 2.61 over the past decade. While the company's 10-year median is 1.78 vs. the industry median of 2.68, Grupo Comercial ChedrauiB de CV 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 Retail - Defensive company?
The median Altman Z2-Score among Retail - Defensive companies is 2.68, based on 304 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. Grupo Comercial ChedrauiB de CV's current Altman Z2-Score of 2.06 is 23.1% 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 Grupo Comercial ChedrauiB de CV and its competitors. For the Retail - Defensive industry, the median Altman Z2-Score is 2.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grupo Comercial ChedrauiB de CV's current Altman Z2-Score is 2.06, which is 16% above median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grupo Comercial ChedrauiB de CV stock overvalued right now?
Grupo Comercial ChedrauiB de CV (FRA:2GCB) has a current Altman Z2-Score of 2.06. The stock's GF Value™ is €6.46, compared to a current price of €4.46 — trading 31% below its estimated fair value. The current Altman Z2-Score is 2.06, which is 16% above median its 10-year median of 1.78 and 23.1% below the Retail - Defensive industry median of 2.68. Grupo Comercial ChedrauiB de CV's overall GF Score™ is 82/100 with 1 warning sign 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 Grupo Comercial ChedrauiB de CV (FRA:2GCB), the current Altman Z2-Score is 2.06 as of Jun. 29, 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 Grupo Comercial ChedrauiB de CV (FRA:2GCB) Overvalued in 2026?

Based on GuruFocus' analysis, Grupo Comercial ChedrauiB de CV stock appears to be undervalued. The current stock price of €4.46 is trading 31% below its estimated GF Value™ of €6.46.

Key valuation signals for FRA:2GCB:

  • Altman Z2-Score: 2.06 (16% above median its 10-year median of 1.78)
  • GF Value™: €6.46 vs. price of €4.46 (31% below fair value)
  • GF Score™: 82/100 with 1 warning sign
  • Industry Position: 23.1% below the Retail - Defensive median (#178 of 304)

No single metric tells the full story. See the FRA:2GCB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grupo Comercial ChedrauiB de CV Business Description

Other Exchanges GCHEF:USACHDRAUIB:Mexico
Address Avenida Constituyentes 1150, Colonia Lomas Altas, Mexico, DF, MEX, 11950
Grupo Comercial Chedraui SAB de CV is a Spanish company engaged in the operation of hypermarkets in Mexico and supermarkets in the United States, and it also has a real estate division. In Mexico, the company operates through two retail formats: Tiendas Chedraui and Super Chedraui, which represent different sizes and depth of assortment. The retail stores in the U.S. are located in three southwest states: California, Nevada, and Arizona. The real estate division is involved in locating, building, and remodelling the stores, as well as leasing commercial space in shopping malls where there are Chedraui stores.
82GF Score

Get the complete analysis for FRA:2GCB

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

€4.46
Price
€6.46
GF Value