QPTFF (Quest PharmaTech) Altman Z2-Score: 19.92 (As of Jul. 02, 2026) — 90% Above Median


What is Quest PharmaTech Altman Z2-Score?

Quest PharmaTech QPTFF Altman Z2-Score is 19.92 as of Jul. 02, 2026, which is 90% above its 10-year median of 10.47. Among 1,395 Biotechnology companies, Quest PharmaTech ranks better than 93.12% 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:

Quest PharmaTech has a Altman Z2-Score of 19.92, 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 Quest PharmaTech's Altman Z2-Score or its related term are showing as below:

QPTFF' s Altman Z2-Score Range Over the Past 10 Years
Min: -89.04   Med: 10.47   Max: 482.72
Current: 19.92

During the past 13 years, Quest PharmaTech's highest Altman Z2-Score was 482.72. The lowest was -89.04. And the median was 10.47.


Quest PharmaTech  (OTCPK:QPTFF) 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.


Quest PharmaTech Altman Z2-Score Related Terms


Quest PharmaTech Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Quest PharmaTech'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.

Quest PharmaTech Altman Z2-Score Chart

Quest PharmaTech Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 147.82 6.06 14.88 15.41 19.92

Quest PharmaTech Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26
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 15.41 21.33 16.03 16.40 19.92

QPTFF vs VRTX, REGN, ALNY: Altman Z2-Score Comparison

For the Biotechnology subindustry, Quest PharmaTech'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.


Quest PharmaTech Altman Z2-Score vs Biotechnology Industry

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

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



Quest PharmaTech 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.

Quest PharmaTech'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*-0.0467+3.26*-0.5723+6.72*0.1799+1.05*19.886
=19.92

* 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 Jan. 2026:
Total Assets was $20.15 Mil.
Total Current Assets was $0.02 Mil.
Total Current Liabilities was $0.97 Mil.
Retained Earnings was $-11.54 Mil.
Pre-Tax Income was 2.47 + 0.771 + -0.129 + 0.497 = $3.61 Mil.
Interest Expense was -0.004 + -0.004 + -0.004 + -0.004 = $-0.02 Mil.
Total Liabilities was $0.97 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
=(0.024 - 0.965)/20.154
=-0.0467

X2=Retained Earnings/Total Assets
=-11.535/20.154
=-0.5723

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(3.609 - -0.016)/20.154
=0.1799

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(19.19 - 0)/0.965
=19.886

The zones of discrimination were as such:

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

Quest PharmaTech has a Altman Z2-Score of 19.92 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 19.92 mean?
Quest PharmaTech (QPTFF) has a Altman Z2-Score of 19.92 as of Jul. 02, 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 Quest PharmaTech and its competitors. This is 90% above median its historical median of 10.47. According to the industry distribution chart, Quest PharmaTech ranks #96 out of 1395 companies in the Biotechnology industry, placing it in the top 6.9%.
Is Quest PharmaTech's Altman Z2-Score too high?
Quest PharmaTech's current Altman Z2-Score of 19.92 is 90% above median its 10-year median of 10.47. Based on the distribution chart, Quest PharmaTech ranks #96 out of 1395 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers.
How does Quest PharmaTech's Altman Z2-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Quest PharmaTech ranks #96 out of 1395 companies for Altman Z2-Score. This places Quest PharmaTech in the top 7% 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 Quest PharmaTech and its competitors. Quest PharmaTech's current Altman Z2-Score is 19.92, which is 90% above median its own 10-year median of 10.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quest PharmaTech stock overvalued right now?
Quest PharmaTech (QPTFF) has a current Altman Z2-Score of 19.92. The current Altman Z2-Score is 19.92, which is 90% above median its 10-year median of 10.47. 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 Quest PharmaTech (QPTFF), the current Altman Z2-Score is 19.92 as of Jul. 02, 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.

Quest PharmaTech Business Description

Other Exchanges QPT:Canada
Address 4342- 97 Street NW, Edmonton, AB, CAN, T6E 5R9
Quest PharmaTech Inc is developing targeted cancer therapy with its product (MAb AR9.6), under development for a novel target (truncated O-glycans on MUC16) discovered at the University of Nebraska Medical Center.