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RF Acquisition IIIRFAM 13 Altman Z2-Score is 305.75 as of Jul. 26, 2026. GuruFocus rates RFAM with a GF Score™ of 13/100. Among 401 Diversified Financial Services companies, RF Acquisition III ranks worse than 249376.31% 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:
RF Acquisition III has a Altman Z2-Score of 305.75, 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 RF Acquisition III's Altman Z2-Score or its related term are showing as below:
RF Acquisition III (NAS:RFAM) 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.
RF Acquisition III Altman Z2-Score Related Terms
RF Acquisition III Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for RF Acquisition III'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.
RF Acquisition III Altman Z2-Score Chart
RF Acquisition III Annual Data
Trend
Sep25
Altman Z2-Score
0.00
RF Acquisition III Quarterly Data
Sep25
Dec25
Mar26
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Altman Z2-Score
0.00
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RFAM vs XFLH, UAC, FTHA: Altman Z2-Score Comparison
For the Shell Companies subindustry, RF Acquisition III'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.
RF Acquisition III Altman Z2-Score vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, RF Acquisition III's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where RF Acquisition III'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.
RF Acquisition III'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
*
0.0058
+
3.26
*
0.0058
+
6.72
*
0.0121
+
1.05
*
291.0543
=
305.75
* 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.
RF Acquisition III (RFAM) has a Altman Z2-Score of 305.75 as of Jul. 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 RF Acquisition III and its competitors. According to the industry distribution chart, RF Acquisition III ranks #999999 out of 401 companies in the Diversified Financial Services industry.
Is RF Acquisition III's Altman Z2-Score too high?
RF Acquisition III's current Altman Z2-Score is 305.75. The Diversified Financial Services industry median Altman Z2-Score is 10.70. RF Acquisition III's value of 305.75 is 2757.5% above this industry median. Based on the distribution chart, RF Acquisition III ranks #999999 out of 401 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, RF Acquisition III has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does RF Acquisition III's Altman Z2-Score compare to XFLH and UAC?
According to the Diversified Financial Services industry distribution chart, RF Acquisition III ranks #999999 out of 401 companies for Altman Z2-Score. This places RF Acquisition III in the lower half of its industry. The industry median Altman Z2-Score is 10.70. RF Acquisition III's value of 305.75 is 2757.5% 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 Diversified Financial Services company?
The median Altman Z2-Score among Diversified Financial Services companies is 10.70, based on 401 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. RF Acquisition III's current Altman Z2-Score of 305.75 is 2757.5% 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 RF Acquisition III and its competitors. For the Diversified Financial Services industry, the median Altman Z2-Score is 10.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RF Acquisition III's current Altman Z2-Score is 305.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RF Acquisition III stock overvalued right now?
RF Acquisition III (RFAM) has a current Altman Z2-Score of 305.75. The current Altman Z2-Score is 305.75 and 2757.5% above the Diversified Financial Services industry median of 10.70. RF Acquisition III's overall GF Score™ is 13/100. 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 RF Acquisition III (RFAM), the current Altman Z2-Score is 305.75 as of Jul. 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.
RF Acquisition Corp III is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination.
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