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.
Vista Group International has a Altman Z2-Score of 1.92, indicating it is in Grey Zones. This implies that Vista Group International 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 Vista Group International's Altman Z2-Score or its related term are showing as below:
VGLIF'
s Altman Z2-Score Range Over the Past 10 Years
Min: 1.51 Med: 2.88 Max: 7.41
Current: 1.92
During the past 12 years, Vista Group International's highest Altman Z2-Score was 7.41. The lowest was 1.51. And the median was 2.88.
Vista Group International (OTCPK:VGLIF) 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.
VGLIF vs CRM, SHOP, UBER: Altman Z2-Score Comparison
For the Software - Application subindustry, Vista Group International'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.
Vista Group International Altman Z2-Score vs Software Industry
For the Software industry and Technology sector, Vista Group International's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Vista Group International's Altman Z2-Score falls into.
Vista Group International 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.
Vista Group International (VGLIF) has a Altman Z2-Score of 1.92 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 Vista Group International and its competitors. This is 33% below median its historical median of 2.88. Over the past decade, Vista Group International's Altman Z2-Score has ranged from 1.51 to 7.41. According to the industry distribution chart, Vista Group International ranks #1704 out of 2822 companies in the Software industry, placing it in the top 60.4%.
Is Vista Group International's Altman Z2-Score too high?
Vista Group International's current Altman Z2-Score of 1.92 is 33% below median its 10-year median of 2.88. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 7.41. The Software industry median Altman Z2-Score is 3.07. Vista Group International's value of 1.92 is 37.5% below this industry median. Based on the distribution chart, Vista Group International ranks #1704 out of 2822 companies in the Software industry, which is below the industry midpoint. Overall, Vista Group International has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Vista Group International's Altman Z2-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Vista Group International ranks #1704 out of 2822 companies for Altman Z2-Score. This places Vista Group International in the lower half of its industry. The industry median Altman Z2-Score is 3.07. Vista Group International's value of 1.92 is 37.5% below this benchmark. Historically, Vista Group International's own Altman Z2-Score has ranged from 1.51 to 7.41 over the past decade. While the company's 10-year median is 2.88 vs. the industry median of 3.07, Vista Group International 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 Software company?
The median Altman Z2-Score among Software companies is 3.07, based on 2,822 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. Vista Group International's current Altman Z2-Score of 1.92 is 37.5% 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 Vista Group International and its competitors. For the Software industry, the median Altman Z2-Score is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vista Group International's current Altman Z2-Score is 1.92, which is 33% below median its own 10-year median of 2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vista Group International stock overvalued right now?
Vista Group International (VGLIF) has a current Altman Z2-Score of 1.92. The stock's GF Value™ is $1.44, compared to a current price of $1.25 — trading 13.2% below its estimated fair value. The current Altman Z2-Score is 1.92, which is 33% below median its 10-year median of 2.88 and 37.5% below the Software industry median of 3.07. Vista Group International's overall GF Score™ is 81/100 with 1 warning sign 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 Vista Group International (VGLIF), the current Altman Z2-Score is 1.92 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 Vista Group International (VGLIF) Overvalued in 2026?
Based on GuruFocus' analysis, Vista Group International stock appears to be undervalued.
The current stock price of $1.25 is trading 13.2% below its estimated GF Value™ of $1.44.
Key valuation signals for VGLIF:
Altman Z2-Score: 1.92 (33% below median its 10-year median of 2.88)
GF Value™: $1.44 vs. price of $1.25 (13.2% below fair value)
Industry Position: 37.5% below the Software median (#1704 of 2822)
No single metric tells the full story. See the VGLIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vista Group International Ltd provides software and technology solutions across the global film industry sectors of distribution, exhibition, and the end consumer, moviegoers. The principal activity is the sale, support, and associated development of software for the film industry. The company operates in the vertical cinema/film market in the following reportable segments namely the Cinema segment and Film segment. The company has offices in New Zealand, with additional offices located in Sydney, Cape Town, London, Amsterdam, Beijing, Shanghai, Kuala Lumpur, Los Angeles, and Mexico City.
81GF Score
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