K33 ABARCNF Altman Z-Score is 39.94 as of Jun. 25, 2026, which is 835% above its 10-year median of 4.27. The stock has 3 warning signs investors should review. Among 658 Capital Markets companies, K33 AB ranks better than 91.64% 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.
Good Sign:
Altman Z-score of 44.12 is strong.
K33 AB has a Altman Z-Score of 39.94, 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 K33 AB's Altman Z-Score or its related term are showing as below:
ARCNF'
s Altman Z-Score Range Over the Past 10 Years
Min: -11.3 Med: 4.27 Max: 58.62
Current: 44.12
During the past 13 years, K33 AB's highest Altman Z-Score was 58.62. The lowest was -11.30. And the median was 4.27.
K33 AB (OTCPK:ARCNF) 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.
K33 AB Altman Z-Score Related Terms
K33 AB Altman Z-Score Historical Data
* Premium members only.
The historical data trend for K33 AB'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, K33 AB'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.
K33 AB Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, K33 AB's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where K33 AB'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.
K33 AB'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
*
0.0236
+
1.4
*
0
+
3.3
*
-0.5314
+
0.6
*
33.1097
+
1.0
*
21.7949
=
39.94
* 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.
K33 AB (ARCNF) has a Altman Z-Score of 39.94 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on K33 AB and its competitors. This is 835% above median its historical median of 4.27. According to the industry distribution chart, K33 AB ranks #55 out of 658 companies in the Capital Markets industry, placing it in the top 8.4%.
Is K33 AB's Altman Z-Score too high?
K33 AB's current Altman Z-Score of 39.94 is 835% above median its 10-year median of 4.27. The Capital Markets industry median Altman Z-Score is 2.57. K33 AB's value of 39.94 is 1457.1% above this industry median. Based on the distribution chart, K33 AB ranks #55 out of 658 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers.
How does K33 AB's Altman Z-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, K33 AB ranks #55 out of 658 companies for Altman Z-Score. This places K33 AB in the top 8% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.57. K33 AB's value of 39.94 is 1457.1% above this benchmark. While the company's 10-year median is 4.27 vs. the industry median of 2.57, K33 AB 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 2.57, based on 658 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. K33 AB's current Altman Z-Score of 39.94 is 1457.1% 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 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 K33 AB and its competitors. For the Capital Markets industry, the median Altman Z-Score is 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. K33 AB's current Altman Z-Score is 39.94, which is 835% above median its own 10-year median of 4.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is K33 AB stock overvalued right now?
Based on GuruFocus' analysis, K33 AB (ARCNF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.01, compared to a current price of $0.00 — trading 80% below its estimated fair value. The current Altman Z-Score is 39.94, which is 835% above median its 10-year median of 4.27 and 1457.1% above the Capital Markets industry median of 2.57. 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 K33 AB (ARCNF), the current Altman Z-Score is 39.94 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.
K33 AB is a holding company with broad exposure to the digital assets industry. The Company offers market execution, actionable insights, and superior support to private and institutional partners across EMEA.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ARCNF has been successfully added to your 