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Navios Maritime Partners LPFRA:3PXA -0.95%70 Altman Z2-Score is 0.82 as of Aug. 29, 2026, which is 51% below its 10-year median of 1.67. GuruFocus rates FRA:3PXA with a GF Score™ of 70/100 and a GF Value™ of €44.46 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 938 Transportation companies, Navios Maritime Partners LP ranks worse than 78.14% 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.
Warning Sign:
Navios Maritime Partners LP has a Altman Z2-Score of 0.82, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Navios Maritime Partners LP's Altman Z2-Score or its related term are showing as below:
FRA:3PXA'
s Altman Z2-Score Range Over the Past 10 Years
Min: -0.09 Med: 1.67 Max: 2.18
Current: 0.82
During the past 13 years, Navios Maritime Partners LP's highest Altman Z2-Score was 2.18. The lowest was -0.09. And the median was 1.67.
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.
* 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.
FRA:3PXA vs DAC, CMRE, SFL: Altman Z2-Score Comparison
For the Marine Shipping subindustry, Navios Maritime Partners LP'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.
Navios Maritime Partners LP Altman Z2-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Navios Maritime Partners LP's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Navios Maritime Partners LP'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.
* 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.
Navios Maritime Partners LP (FRA:3PXA) has a Altman Z2-Score of 0.82 as of Aug. 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 Navios Maritime Partners LP and its competitors. This is 51% below median its historical median of 1.67. According to the industry distribution chart, Navios Maritime Partners LP ranks #733 out of 938 companies in the Transportation industry, placing it in the top 78.1%.
Is Navios Maritime Partners LP's Altman Z2-Score too high?
Navios Maritime Partners LP's current Altman Z2-Score of 0.82 is 51% below median its 10-year median of 1.67. The Transportation industry median Altman Z2-Score is 2.87. Navios Maritime Partners LP's value of 0.82 is 71.4% below this industry median. Based on the distribution chart, Navios Maritime Partners LP ranks #733 out of 938 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Navios Maritime Partners LP has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Navios Maritime Partners LP's Altman Z2-Score compare to DAC and CMRE?
According to the Transportation industry distribution chart, Navios Maritime Partners LP ranks #733 out of 938 companies for Altman Z2-Score. This places Navios Maritime Partners LP in the lower half of its industry. The industry median Altman Z2-Score is 2.87. Navios Maritime Partners LP's value of 0.82 is 71.4% below this benchmark. While the company's 10-year median is 1.67 vs. the industry median of 2.87, Navios Maritime Partners LP 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 Transportation company?
The median Altman Z2-Score among Transportation companies is 2.87, based on 938 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. Navios Maritime Partners LP's current Altman Z2-Score of 0.82 is 71.4% 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 Navios Maritime Partners LP and its competitors. For the Transportation industry, the median Altman Z2-Score is 2.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Navios Maritime Partners LP's current Altman Z2-Score is 0.82, which is 51% below median its own 10-year median of 1.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Navios Maritime Partners LP stock overvalued right now?
Based on GuruFocus' analysis, Navios Maritime Partners LP (FRA:3PXA) is currently considered Significantly Overvalued. The stock's GF Value™ is €44.46, compared to a current price of €72.24 — trading 62.5% above its estimated fair value. The current Altman Z2-Score is 0.82, which is 51% below median its 10-year median of 1.67 and 71.4% below the Transportation industry median of 2.87. Navios Maritime Partners LP's overall GF Score™ is 70/100 with 8 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 Navios Maritime Partners LP (FRA:3PXA), the current Altman Z2-Score is 0.82 as of Aug. 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 Navios Maritime Partners LP (FRA:3PXA) Overvalued in 2026?
Based on GuruFocus' analysis, Navios Maritime Partners LP stock appears to be overvalued.
The current stock price of €72.24 is trading 62.5% above its estimated GF Value™ of €44.46.
GuruFocus considers Navios Maritime Partners LP to be Significantly Overvalued.
Key valuation signals for FRA:3PXA:
Altman Z2-Score: 0.82 (51% below median its 10-year median of 1.67)
GF Value™: €44.46 vs. price of €72.24 (62.5% above fair value)
Industry Position: 71.4% below the Transportation median (#733 of 938)
No single metric tells the full story. See the FRA:3PXA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Navios Maritime Partners LP is an international owner and operator of dry cargo and tanker vessels. Its vessels are generally chartered-out under short-term, medium-term and long-term time charters with an average remaining charter duration of approximately 2.1 years to a group of counterparties. Its fleet consisted of dry bulk vessels, containerships and tanker vessels, including two newbuilding capesize vessels, newbuilding containerships and newbuilding tankers. It operates in single segment.
70GF Score
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