Armada MercantileAAMTF 27 Altman Z-Score is 20.34 as of Jul. 02, 2026, which is 102% above its 10-year median of 10.08. GuruFocus rates AAMTF with a GF Score™ of 27/100 and a GF Value™ of $0.11 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 661 Capital Markets companies, Armada Mercantile ranks worse than 96.07% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Warning Sign:
Altman Z-score of -3.62 is in distress zone. This implies bankruptcy possibility in the next two years.
Armada Mercantile has a Altman Z-Score of 20.34, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Armada Mercantile's Altman Z-Score or its related term are showing as below:
AAMTF'
s Altman Z-Score Range Over the Past 10 Years
Min: -493.24 Med: 10.08 Max: 93.46
Current: -3.62
During the past 13 years, Armada Mercantile's highest Altman Z-Score was 93.46. The lowest was -493.24. And the median was 10.08.
Armada Mercantile (OTCPK:AAMTF) Altman Z-Score Explanation
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, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
Armada Mercantile Altman Z-Score Related Terms
Armada Mercantile Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Armada Mercantile's Altman Z-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 Capital Markets subindustry, Armada Mercantile's Altman Z-Score, along with its competitors' market caps and Altman Z-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.
Armada Mercantile Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Armada Mercantile's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Armada Mercantile's Altman Z-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.
Armada Mercantile's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.4796
+
1.4
*
-4.3563
+
3.3
*
-3.0128
+
0.6
*
59.561
+
1.0
*
0.0731
=
20.34
* 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 Z-Score when X4 or X5 value is 0.
Armada Mercantile (AAMTF) has a Altman Z-Score of 20.34 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Armada Mercantile and its competitors. This is 102% above median its historical median of 10.08. According to the industry distribution chart, Armada Mercantile ranks #635 out of 661 companies in the Capital Markets industry, placing it in the top 96.1%.
Is Armada Mercantile's Altman Z-Score too high?
Armada Mercantile's current Altman Z-Score of 20.34 is 102% above median its 10-year median of 10.08. The Capital Markets industry median Altman Z-Score is 2.55. Armada Mercantile's value of 20.34 is 697.6% above this industry median. Based on the distribution chart, Armada Mercantile ranks #635 out of 661 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Armada Mercantile has a GF Score™ of 27/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Armada Mercantile's Altman Z-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Armada Mercantile ranks #635 out of 661 companies for Altman Z-Score. This places Armada Mercantile in the lower half of its industry. The industry median Altman Z-Score is 2.55. Armada Mercantile's value of 20.34 is 697.6% above this benchmark. While the company's 10-year median is 10.08 vs. the industry median of 2.55, Armada Mercantile 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 Z-Score for a Capital Markets company?
The median Altman Z-Score among Capital Markets companies is 2.55, based on 661 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Armada Mercantile's current Altman Z-Score of 20.34 is 697.6% 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Armada Mercantile and its competitors. For the Capital Markets industry, the median Altman Z-Score is 2.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Armada Mercantile's current Altman Z-Score is 20.34, which is 102% above median its own 10-year median of 10.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Armada Mercantile stock overvalued right now?
Based on GuruFocus' analysis, Armada Mercantile (AAMTF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.11, compared to a current price of $0.25 — trading 127.3% above its estimated fair value. The current Altman Z-Score is 20.34, which is 102% above median its 10-year median of 10.08 and 697.6% above the Capital Markets industry median of 2.55. Armada Mercantile's overall GF Score™ is 27/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Armada Mercantile (AAMTF), the current Altman Z-Score is 20.34 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.
Is Armada Mercantile (AAMTF) Overvalued in 2026?
Based on GuruFocus' analysis, Armada Mercantile stock appears to be overvalued.
The current stock price of $0.25 is trading 127.3% above its estimated GF Value™ of $0.11.
GuruFocus considers Armada Mercantile to be Significantly Overvalued.
Key valuation signals for AAMTF:
Altman Z-Score: 20.34 (102% above median its 10-year median of 10.08)
GF Value™: $0.11 vs. price of $0.25 (127.3% above fair value)
Industry Position: 697.6% above the Capital Markets median (#635 of 661)
No single metric tells the full story. See the AAMTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Armada Mercantile Ltd is engaged in the business of investing in new and existing businesses and organizations. The company is a financial services company that focuses on merchant banking through its wholly-owned subsidiary Armada Group USA, Inc. The company, through its investment in Oxygen Funding, Inc. offers commercial finance services to companies; internationally, including account receivables "factoring", supply chain, equipment leasing, merchant cash advance and purchase order, and other types of specialized finance.
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