ACKDF (Auckland International Airport) Altman Z-Score: 2.61 (As of Jun. 24, 2026) — Near Median


ACKDF Auckland International Airport Ltd ACKDF
82 GF Score
Price $4.88
GF Value $5.03
Valuation Fairly Valued
! 5 Warning Signs
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What is Auckland International Airport Altman Z-Score?

Auckland International Airport ACKDF -2.60% 82 Altman Z-Score is 2.61 as of Jun. 24, 2026, which is 0% above its 10-year median of 2.60. GuruFocus rates ACKDF with a GF Score™ of 82/100 and a GF Value™ of $5.03 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,000 Transportation companies, Auckland International Airport ranks better than 62.2% 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 2.83 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Auckland International Airport has a Altman Z-Score of 2.61, indicating it is in Grey Zones. This implies that Auckland International Airport is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 Auckland International Airport's Altman Z-Score or its related term are showing as below:

ACKDF' s Altman Z-Score Range Over the Past 10 Years
Min: 2.15   Med: 2.6   Max: 3.93
Current: 2.83

During the past 13 years, Auckland International Airport's highest Altman Z-Score was 3.93. The lowest was 2.15. And the median was 2.60.


Auckland International Airport  (OTCPK:ACKDF) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Auckland International Airport Altman Z-Score Related Terms


Auckland International Airport Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Auckland International Airport'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.

Auckland International Airport Altman Z-Score Chart

Auckland International Airport Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.93 3.48 3.38 2.15 2.61

Auckland International Airport Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 2.15 0.00 2.61 0.00

ACKDF vs JOBY: Altman Z-Score Comparison

For the Airports & Air Services subindustry, Auckland International Airport'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.


Auckland International Airport Altman Z-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Auckland International Airport's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Auckland International Airport's Altman Z-Score falls into.


ACKDF
82GF Score
Auckland International Airport Ltd ACKDF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Auckland International Airport Altman Z-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.

Auckland International Airport'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*0.0016+1.4*0.1504+3.3*0.0446+0.6*3.6374+1.0*0.0661
=2.61

* 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.

Trailing Twelve Months (TTM) ended in Jun. 2025:
Total Assets was $8,486.8 Mil.
Total Current Assets was $397.3 Mil.
Total Current Liabilities was $383.9 Mil.
Retained Earnings was $1,276.8 Mil.
Pre-Tax Income was $334.5 Mil.
Interest Expense was $-43.6 Mil.
Revenue was $560.8 Mil.
Market Cap (Today) was $7,880.2 Mil.
Total Liabilities was $2,166.4 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(397.345 - 383.887)/8486.783
=0.0016

X2=Retained Earnings/Total Assets
=1276.826/8486.783
=0.1504

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(334.46 - -43.633)/8486.783
=0.0446

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=7880.247/2166.445
=3.6374

X5=Revenue/Total Assets
=560.833/8486.783
=0.0661

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Auckland International Airport has a Altman Z-Score of 2.61 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 2.61 mean?
Auckland International Airport (ACKDF) has a Altman Z-Score of 2.61 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Auckland International Airport and its competitors. This is near median its historical median of 2.60. Over the past decade, Auckland International Airport's Altman Z-Score has ranged from 2.15 to 3.93. According to the industry distribution chart, Auckland International Airport ranks #378 out of 1000 companies in the Transportation industry, placing it in the top 37.8%.
Is Auckland International Airport's Altman Z-Score too high?
Auckland International Airport's current Altman Z-Score of 2.61 is near median its 10-year median of 2.60. Over the past 10 years, this metric has ranged from a low of 2.15 to a high of 3.93. The Transportation industry median Altman Z-Score is 2.28. Auckland International Airport's value of 2.61 is 14.5% above this industry median. Based on the distribution chart, Auckland International Airport ranks #378 out of 1000 companies in the Transportation industry, which is above the industry midpoint. Overall, Auckland International Airport has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Auckland International Airport's Altman Z-Score compare to JOBY?
According to the Transportation industry distribution chart, Auckland International Airport ranks #378 out of 1000 companies for Altman Z-Score. This puts Auckland International Airport in the upper half of its industry. The industry median Altman Z-Score is 2.28. Auckland International Airport's value of 2.61 is 14.5% above this benchmark. Historically, Auckland International Airport's own Altman Z-Score has ranged from 2.15 to 3.93 over the past decade. While the company's 10-year median is 2.60 vs. the industry median of 2.28, Auckland International Airport 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.28, based on 1,000 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. Auckland International Airport's current Altman Z-Score of 2.61 is 14.5% 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 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 Auckland International Airport and its competitors. For the Transportation industry, the median Altman Z-Score is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Auckland International Airport's current Altman Z-Score is 2.61, which is near median its own 10-year median of 2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Auckland International Airport stock overvalued right now?
Based on GuruFocus' analysis, Auckland International Airport (ACKDF) is currently considered Fairly Valued. The stock's GF Value™ is $5.03, compared to a current price of $4.88 — trading 3.1% below its estimated fair value. The current Altman Z-Score is 2.61, which is near median its 10-year median of 2.60 and 14.5% above the Transportation industry median of 2.28. Auckland International Airport's overall GF Score™ is 82/100 with 5 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 Auckland International Airport (ACKDF), the current Altman Z-Score is 2.61 as of Jun. 24, 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 Auckland International Airport (ACKDF) Overvalued in 2026?

Based on GuruFocus' analysis, Auckland International Airport stock appears to be undervalued. The current stock price of $4.88 is trading 3.1% below its estimated GF Value™ of $5.03. GuruFocus considers Auckland International Airport to be Fairly Valued.

Key valuation signals for ACKDF:

  • Altman Z-Score: 2.61 (near median its 10-year median of 2.60)
  • GF Value™: $5.03 vs. price of $4.88 (3.1% below fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 14.5% above the Transportation median (#378 of 1000)

No single metric tells the full story. See the ACKDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Auckland International Airport Business Description

Address 4 Leonard Isitt Drive, Auckland Airport Business District, Manukau, NTL, NZL, 2022
Auckland Airport is New Zealand's largest airport, handling about 75% of the country's international arrivals and departures. It owns over 1,500 hectares of land, and hosts unregulated ancillary commercial services, including retail and duty-free, car parking, hotels, warehouses, and offices. Substantial development opportunities are set to materially expand capacity over the next decade. The airport also has a 25% stake in the small, but fast-growing Queenstown airport on New Zealand's South Island.
82GF Score

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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.88
Price
$5.03
GF Value