Dr.FinanceWAR:DRF -5.58%41 Altman Z2-Score is -102.44 as of Jun. 29, 2026. GuruFocus rates WAR:DRF with a GF Score™ of 41/100 and a GF Value™ of zł0.50 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 419 Credit Services companies, Dr.Finance ranks worse than 98.09% 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.
Warning Sign:
Dr.Finance has a Altman Z2-Score of -102.44, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Dr.Finance's Altman Z2-Score or its related term are showing as below:
WAR:DRF'
s Altman Z2-Score Range Over the Past 10 Years
Min: -102.44 Med: -5.37 Max: 10.09
Current: -102.44
During the past 13 years, Dr.Finance's highest Altman Z2-Score was 10.09. The lowest was -102.44. And the median was -5.37.
Dr.Finance (WAR:DRF) 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.
Dr.Finance Altman Z2-Score Related Terms
Dr.Finance Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Dr.Finance'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.
For the Credit Services subindustry, Dr.Finance'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.
Dr.Finance Altman Z2-Score vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Dr.Finance's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Dr.Finance'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.
Dr.Finance'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
*
0.887
+
3.26
*
-33.7826
+
6.72
*
-0.9478
+
1.05
*
7.8462
=
-102.44
* 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.
Dr.Finance (WAR:DRF) has a Altman Z2-Score of -102.44 as of Jun. 29, 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 Dr.Finance and its competitors. According to the industry distribution chart, Dr.Finance ranks #411 out of 419 companies in the Credit Services industry, placing it in the top 98.1%.
Is Dr.Finance's Altman Z2-Score too high?
Dr.Finance's current Altman Z2-Score is -102.44. Based on the distribution chart, Dr.Finance ranks #411 out of 419 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Dr.Finance has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dr.Finance's Altman Z2-Score compare to V and MA?
According to the Credit Services industry distribution chart, Dr.Finance ranks #411 out of 419 companies for Altman Z2-Score. This places Dr.Finance in the lower half of its industry. The industry median Altman Z2-Score is 5.67. 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 Credit Services company?
The median Altman Z2-Score among Credit Services companies is 5.67, based on 419 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. 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 Dr.Finance and its competitors. For the Credit Services industry, the median Altman Z2-Score is 5.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dr.Finance's current Altman Z2-Score is -102.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dr.Finance stock overvalued right now?
Based on GuruFocus' analysis, Dr.Finance (WAR:DRF) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.50, compared to a current price of zł1.10 — trading 120% above its estimated fair value. The current Altman Z2-Score is -102.44. Dr.Finance's overall GF Score™ is 41/100 with 3 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 Dr.Finance (WAR:DRF), the current Altman Z2-Score is -102.44 as of Jun. 29, 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 Dr.Finance (WAR:DRF) Overvalued in 2026?
Based on GuruFocus' analysis, Dr.Finance stock appears to be overvalued.
The current stock price of zł1.10 is trading 120% above its estimated GF Value™ of zł0.50.
GuruFocus considers Dr.Finance to be Significantly Overvalued.
Key valuation signals for WAR:DRF:
Altman Z2-Score: -102.44
GF Value™: zł0.50 vs. price of zł1.10 (120% above fair value)
No single metric tells the full story. See the WAR:DRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dr.Finance SA is a financial intermediary in the sale of loans and other financial products. It operates in the business of Working capital loans, Investment loans, Leasing, and Factoring.
41GF Score
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