Gladstone Pacific Nickel (LSE:GPN) Altman Z2-Score: 19.56 (As of Jul. 09, 2026)


What is Gladstone Pacific Nickel Altman Z2-Score?

Gladstone Pacific Nickel LSE:GPN Altman Z2-Score is 19.56 as of Jul. 09, 2026.

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:

Gladstone Pacific Nickel has a Altman Z2-Score of 19.56, 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 Gladstone Pacific Nickel's Altman Z2-Score or its related term are showing as below:

Gladstone Pacific Nickel  (LSE:GPN) 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.

Gladstone Pacific Nickel Altman Z2-Score Related Terms

Gladstone Pacific Nickel Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Gladstone Pacific Nickel'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.

Gladstone Pacific Nickel Altman Z2-Score Chart

Gladstone Pacific Nickel Annual Data
Trend Jun09 Jun10 Jun11 Jun12
Altman Z2-Score
0.00 0.00 0.00 0.00

Gladstone Pacific Nickel Quarterly Data
Dec10 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12
Altman Z2-Score Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Gladstone Pacific Nickel Altman Z2-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Gladstone Pacific Nickel'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.

Gladstone Pacific Nickel Altman Z2-Score vs Metals & Mining Industry

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

* The bar in red indicates where Gladstone Pacific Nickel's Altman Z2-Score falls into.


Gladstone Pacific Nickel 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.

Gladstone Pacific Nickel'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*0.1876+3.26*-3.9061+6.72*0.0489+1.05*29.2746
=19.56

* 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 Dec. 2012:
Total Assets was £18.74 Mil.
Total Current Assets was £3.73 Mil.
Total Current Liabilities was £0.21 Mil.
Retained Earnings was £-73.20 Mil.
Pre-Tax Income was -0.383 + -0.508 + 1.475 + 0.333 = £0.92 Mil.
Interest Expense was 0 + 0 + 0 + 0 = £0.00 Mil.
Total Liabilities was £0.62 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
=(3.726 - 0.21)/18.74
=0.1876

X2=Retained Earnings/Total Assets
=-73.201/18.74
=-3.9061

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(0.917 - 0)/18.74
=0.0489

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(18.121 - 0)/0.619
=29.2746

The zones of discrimination were as such:

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

Gladstone Pacific Nickel has a Altman Z2-Score of 19.56 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 19.56 mean?
Gladstone Pacific Nickel (LSE:GPN) has a Altman Z2-Score of 19.56 as of Jul. 09, 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 Gladstone Pacific Nickel and its competitors.
Is Gladstone Pacific Nickel's Altman Z2-Score too high?
Gladstone Pacific Nickel's current Altman Z2-Score is 19.56. The Metals & Mining industry median Altman Z2-Score is 2.17. Gladstone Pacific Nickel's value of 19.56 is 803.5% above this industry median.
How does Gladstone Pacific Nickel's Altman Z2-Score compare to competitors?
Gladstone Pacific Nickel's Altman Z2-Score of 19.56 can be compared against companies in the Metals & Mining industry. The industry median Altman Z2-Score is 2.17. Gladstone Pacific Nickel's value of 19.56 is 803.5% above 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 Metals & Mining company?
The median Altman Z2-Score among Metals & Mining companies is 2.17, based on 2,614 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. Gladstone Pacific Nickel's current Altman Z2-Score of 19.56 is 803.5% 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 Gladstone Pacific Nickel and its competitors. For the Metals & Mining industry, the median Altman Z2-Score is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gladstone Pacific Nickel's current Altman Z2-Score is 19.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gladstone Pacific Nickel stock overvalued right now?
Gladstone Pacific Nickel (LSE:GPN) has a current Altman Z2-Score of 19.56. The current Altman Z2-Score is 19.56 and 803.5% above the Metals & Mining industry median of 2.17. 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 Gladstone Pacific Nickel (LSE:GPN), the current Altman Z2-Score is 19.56 as of Jul. 09, 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.

Gladstone Pacific Nickel Business Description

Gladstone Pacific Nickel Ltd. is incorporated in Australia. The company, together with its subsidiaries, engages in the exploration and evaluation of mineral properties in Australia and the south-west Pacific region. It owns the Marlborough nickel/cobalt lateritic deposits located near Rockhampton in Central Queensland, Australia. Gladstone Pacific Nickel Ltd. was formerly known as Pearson Matheson Group Pty Ltd.