IRON (Disc Medicine) Altman Z2-Score: 13.34 (As of Jun. 27, 2026) — 10% Below Median


IRON Disc Medicine Inc IRON
34 GF Score
Price $74.81
! 3 Warning Signs
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What is Disc Medicine Altman Z2-Score?

Disc Medicine IRON +6.71% 34 Altman Z2-Score is 13.34 as of Jun. 27, 2026, which is 10% below its 10-year median of 14.84. GuruFocus rates IRON with a GF Score™ of 34/100. The stock has 3 warning signs investors should review. Among 1,398 Biotechnology companies, Disc Medicine ranks better than 87.34% 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:

Disc Medicine has a Altman Z2-Score of 13.34, 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 Disc Medicine's Altman Z2-Score or its related term are showing as below:

IRON' s Altman Z2-Score Range Over the Past 10 Years
Min: -69.08   Med: 14.84   Max: 73.81
Current: 13.34

During the past 6 years, Disc Medicine's highest Altman Z2-Score was 73.81. The lowest was -69.08. And the median was 14.84.


Disc Medicine  (NAS:IRON) 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.


Disc Medicine Altman Z2-Score Related Terms


Disc Medicine Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Disc Medicine'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.

Disc Medicine Altman Z2-Score Chart

Disc Medicine Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial 0.27 10.22 18.91 11.55 14.03

Disc Medicine 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 17.92 15.65 12.58 14.03 13.34

IRON vs DFTX, ARQT, MLYS: Altman Z2-Score Comparison

For the Biotechnology subindustry, Disc Medicine'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.


Disc Medicine Altman Z2-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Disc Medicine's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Disc Medicine's Altman Z2-Score falls into.


IRON
34GF Score
Disc Medicine Inc IRON
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Disc Medicine 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.

Disc Medicine'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*0.9548+3.26*-0.7647+6.72*-0.3169+1.05*11.1425
=13.34

* 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 $750.21 Mil.
Total Current Assets was $747.46 Mil.
Total Current Liabilities was $31.14 Mil.
Retained Earnings was $-573.69 Mil.
Pre-Tax Income was -63.453 + -60.443 + -62.219 + -55.195 = $-241.31 Mil.
Interest Expense was -0.844 + -0.883 + -0.917 + -0.91 = $-3.55 Mil.
Total Liabilities was $61.78 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
=(747.455 - 31.142)/750.213
=0.9548

X2=Retained Earnings/Total Assets
=-573.69/750.213
=-0.7647

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-241.31 - -3.554)/750.213
=-0.3169

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(688.429 - 0)/61.784
=11.1425

The zones of discrimination were as such:

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

Disc Medicine has a Altman Z2-Score of 13.34 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 13.34 mean?
Disc Medicine (IRON) has a Altman Z2-Score of 13.34 as of Jun. 27, 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 Disc Medicine and its competitors. This is 10% below median its historical median of 14.84. According to the industry distribution chart, Disc Medicine ranks #177 out of 1398 companies in the Biotechnology industry, placing it in the top 12.7%.
Is Disc Medicine's Altman Z2-Score too high?
Disc Medicine's current Altman Z2-Score of 13.34 is 10% below median its 10-year median of 14.84. Based on the distribution chart, Disc Medicine ranks #177 out of 1398 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Disc Medicine has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Disc Medicine's Altman Z2-Score compare to DFTX and ARQT?
According to the Biotechnology industry distribution chart, Disc Medicine ranks #177 out of 1398 companies for Altman Z2-Score. This places Disc Medicine in the top 13% of its industry — outperforming the majority of peers. 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 Biotechnology company?
A good Altman Z2-Score depends on the Biotechnology industry context. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Disc Medicine and its competitors. Disc Medicine's current Altman Z2-Score is 13.34, which is 10% below median its own 10-year median of 14.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Disc Medicine stock overvalued right now?
Disc Medicine (IRON) has a current Altman Z2-Score of 13.34. The current Altman Z2-Score is 13.34, which is 10% below median its 10-year median of 14.84. Disc Medicine's overall GF Score™ is 34/100 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 Disc Medicine (IRON), the current Altman Z2-Score is 13.34 as of Jun. 27, 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.

Disc Medicine Business Description

Address 321 Arsenal Street, Suite 101, Watertown, MA, USA, 02472
Disc Medicine Inc is a clinical-stage biopharmaceutical company focused on the discovery, development, and commercialization of novel treatments for hematologic diseases. It aims to modify fundamental biological pathways associated with the formation and function of red blood cells, specifically heme biosynthesis and iron homeostasis. Its pipeline includes bitopertin for erythropoietic porphyrias (EPs), including erythropoietic protoporphyria (EPP), X-linked protoporphyria (XLP), and Diamond-Blackfan Anemia (DBA); DISC-0974 for the treatment of anemia of myelofibrosis (MF) and anemia of chronic kidney disease (CKD); and DISC-3405 for the treatment of polycythemia vera (PV) and other hematologic disorders. In addition, the Company's preclinical programs include DISC-0998.
34GF Score

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