Mayr-Melnhof Karton AGMNHFF -6.47%65 Altman Z2-Score is 3.56 as of Jun. 26, 2026, which is 27% below its 10-year median of 4.90. GuruFocus rates MNHFF with a GF Score™ of 65/100 and a GF Value™ of $74.38 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 392 Packaging & Containers companies, Mayr-Melnhof Karton AG ranks worse than 51.53% 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:
Mayr-Melnhof Karton AG has a Altman Z2-Score of 3.56, 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 Mayr-Melnhof Karton AG's Altman Z2-Score or its related term are showing as below:
MNHFF'
s Altman Z2-Score Range Over the Past 10 Years
Min: 3.27 Med: 4.9 Max: 7.17
Current: 3.57
During the past 13 years, Mayr-Melnhof Karton AG's highest Altman Z2-Score was 7.17. The lowest was 3.27. And the median was 4.90.
Mayr-Melnhof Karton AG (OTCPK:MNHFF) 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.
Altman Z2-Score does not apply to financial companies.
Mayr-Melnhof Karton AG Altman Z2-Score Related Terms
Mayr-Melnhof Karton AG Altman Z2-Score Historical Data
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The historical data trend for Mayr-Melnhof Karton AG'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.
MNHFF vs SW, PKG, AMCR: Altman Z2-Score Comparison
For the Packaging & Containers subindustry, Mayr-Melnhof Karton AG'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.
Mayr-Melnhof Karton AG Altman Z2-Score vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Mayr-Melnhof Karton AG's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Mayr-Melnhof Karton AG's Altman Z2-Score falls into.
Mayr-Melnhof Karton AG 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.
* 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.
Mayr-Melnhof Karton AG (MNHFF) has a Altman Z2-Score of 3.56 as of Jun. 26, 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 Mayr-Melnhof Karton AG and its competitors. This is 27% below median its historical median of 4.90. Over the past decade, Mayr-Melnhof Karton AG's Altman Z2-Score has ranged from 3.27 to 7.17. According to the industry distribution chart, Mayr-Melnhof Karton AG ranks #202 out of 392 companies in the Packaging & Containers industry, placing it in the top 51.5%.
Is Mayr-Melnhof Karton AG's Altman Z2-Score too high?
Mayr-Melnhof Karton AG's current Altman Z2-Score of 3.56 is 27% below median its 10-year median of 4.90. Over the past 10 years, this metric has ranged from a low of 3.27 to a high of 7.17. The Packaging & Containers industry median Altman Z2-Score is 3.67. Mayr-Melnhof Karton AG's value of 3.56 is 3% below this industry median. Based on the distribution chart, Mayr-Melnhof Karton AG ranks #202 out of 392 companies in the Packaging & Containers industry, which is below the industry midpoint. Overall, Mayr-Melnhof Karton AG has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mayr-Melnhof Karton AG's Altman Z2-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Mayr-Melnhof Karton AG ranks #202 out of 392 companies for Altman Z2-Score. This places Mayr-Melnhof Karton AG in the lower half of its industry. The industry median Altman Z2-Score is 3.67. Mayr-Melnhof Karton AG's value of 3.56 is 3% below this benchmark. Historically, Mayr-Melnhof Karton AG's own Altman Z2-Score has ranged from 3.27 to 7.17 over the past decade. While the company's 10-year median is 4.90 vs. the industry median of 3.67, Mayr-Melnhof Karton AG 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 Packaging & Containers company?
The median Altman Z2-Score among Packaging & Containers companies is 3.67, based on 392 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. Mayr-Melnhof Karton AG's current Altman Z2-Score of 3.56 is 3% 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 Mayr-Melnhof Karton AG and its competitors. For the Packaging & Containers industry, the median Altman Z2-Score is 3.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayr-Melnhof Karton AG's current Altman Z2-Score is 3.56, which is 27% below median its own 10-year median of 4.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayr-Melnhof Karton AG stock overvalued right now?
Based on GuruFocus' analysis, Mayr-Melnhof Karton AG (MNHFF) is currently considered Modestly Overvalued. The stock's GF Value™ is $74.38, compared to a current price of $92.59 — trading 24.5% above its estimated fair value. The current Altman Z2-Score is 3.56, which is 27% below median its 10-year median of 4.90 and 3% below the Packaging & Containers industry median of 3.67. Mayr-Melnhof Karton AG's overall GF Score™ is 65/100 with 5 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 Mayr-Melnhof Karton AG (MNHFF), the current Altman Z2-Score is 3.56 as of Jun. 26, 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 Mayr-Melnhof Karton AG (MNHFF) Overvalued in 2026?
Based on GuruFocus' analysis, Mayr-Melnhof Karton AG stock appears to be overvalued.
The current stock price of $92.59 is trading 24.5% above its estimated GF Value™ of $74.38.
GuruFocus considers Mayr-Melnhof Karton AG to be Modestly Overvalued.
Key valuation signals for MNHFF:
Altman Z2-Score: 3.56 (27% below median its 10-year median of 4.90)
GF Value™: $74.38 vs. price of $92.59 (24.5% above fair value)
Industry Position: 3% below the Packaging & Containers median (#202 of 392)
No single metric tells the full story. See the MNHFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mayr-Melnhof Karton AG manufactures and sells a variety of folding cartons for consumer goods packaging. The firm organizes itself into two segments based on the product type. The MM packaging segment, which generates the majority of revenue, sells packaging for consumer goods, which include cigarettes, pharmaceuticals, detergents, personal care products, and luxury products. The MM Board & Paper segment manufactures and markets numerous grades of cartonboard, focusing on coated cartonboard produced predominantly from recycled fibers as well as virgin fiber-based cartonboard. The vast majority of revenue comes from Europe.
65GF Score
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