Starcore International MinesSHVLF 43 Altman Z2-Score is 2.33 as of Jun. 25, 2026, which is 5% above its 10-year median of 2.22. GuruFocus rates SHVLF with a GF Score™ of 43/100 and a GF Value™ of $0.14 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,618 Metals & Mining companies, Starcore International Mines ranks better than 50.61% 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.
Starcore International Mines has a Altman Z2-Score of 2.33, indicating it is in Grey Zones. This implies that Starcore International Mines is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.
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 Starcore International Mines's Altman Z2-Score or its related term are showing as below:
SHVLF'
s Altman Z2-Score Range Over the Past 10 Years
Min: -0.93 Med: 2.22 Max: 5.37
Current: 2.33
During the past 13 years, Starcore International Mines's highest Altman Z2-Score was 5.37. The lowest was -0.93. And the median was 2.22.
Starcore International Mines (OTCPK:SHVLF) 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.
* 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.
Starcore International Mines Altman Z2-Score Chart
Starcore International Mines Altman Z2-Score Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Starcore International Mines'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.
Starcore International Mines Altman Z2-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Starcore International Mines's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Starcore International Mines's Altman Z2-Score falls into.
Starcore International Mines 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.
Starcore International Mines (SHVLF) has a Altman Z2-Score of 2.33 as of Jun. 25, 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 Starcore International Mines and its competitors. This is near median its historical median of 2.22. According to the industry distribution chart, Starcore International Mines ranks #1293 out of 2618 companies in the Metals & Mining industry, placing it in the top 49.4%.
Is Starcore International Mines' Altman Z2-Score too high?
Starcore International Mines' current Altman Z2-Score of 2.33 is near median its 10-year median of 2.22. The Metals & Mining industry median Altman Z2-Score is 2.14. Starcore International Mines' value of 2.33 is 9.1% above this industry median. Based on the distribution chart, Starcore International Mines ranks #1293 out of 2618 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Starcore International Mines has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Starcore International Mines' Altman Z2-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Starcore International Mines ranks #1293 out of 2618 companies for Altman Z2-Score. This puts Starcore International Mines in the upper half of its industry. The industry median Altman Z2-Score is 2.14. Starcore International Mines' value of 2.33 is 9.1% above this benchmark. While the company's 10-year median is 2.22 vs. the industry median of 2.14, Starcore International Mines has consistently been above 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 Metals & Mining company?
The median Altman Z2-Score among Metals & Mining companies is 2.14, based on 2,618 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. Starcore International Mines's current Altman Z2-Score of 2.33 is 9.1% 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 Starcore International Mines and its competitors. For the Metals & Mining industry, the median Altman Z2-Score is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starcore International Mines's current Altman Z2-Score is 2.33, which is near median its own 10-year median of 2.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starcore International Mines stock overvalued right now?
Based on GuruFocus' analysis, Starcore International Mines (SHVLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.14, compared to a current price of $0.33 — trading 136.1% above its estimated fair value. The current Altman Z2-Score is 2.33, which is near median its 10-year median of 2.22 and 9.1% above the Metals & Mining industry median of 2.14. Starcore International Mines' overall GF Score™ is 43/100 with 4 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 Starcore International Mines (SHVLF), the current Altman Z2-Score is 2.33 as of Jun. 25, 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 Starcore International Mines (SHVLF) Overvalued in 2026?
Based on GuruFocus' analysis, Starcore International Mines stock appears to be overvalued.
The current stock price of $0.33 is trading 136.1% above its estimated GF Value™ of $0.14.
GuruFocus considers Starcore International Mines to be Significantly Overvalued.
Key valuation signals for SHVLF:
Altman Z2-Score: 2.33 (near median its 10-year median of 2.22)
GF Value™: $0.14 vs. price of $0.33 (136.1% above fair value)
Industry Position: 9.1% above the Metals & Mining median (#1293 of 2618)
No single metric tells the full story. See the SHVLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Starcore International Mines Ltd is in the business of exploration, development, and production of minerals. It has got products in various stages The San Martin being the primary source of operating cash flows. In Mexico, the business holds an interest in the silver and gold processing plant. Some of its projects include San Martin, El Creston, and Toiyabe among others. The majority of the organization's revenue comes from Bernal, Mexico. The Company is also engaged in acquiring mining related operating assets and exploration assets in North America and West Africa directly and through corporate acquisitions.
43GF Score
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