Austin EngineeringASX:ANG 53 Altman Z-Score is 2.30 as of Jul. 02, 2026, which is 26% above its 10-year median of 1.83. GuruFocus rates ASX:ANG with a GF Score™ of 53/100 and a GF Value™ of A$0.40 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 208 Farm & Heavy Construction Machinery companies, Austin Engineering ranks worse than 59.13% 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 2.31 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.
Austin Engineering has a Altman Z-Score of 2.30, indicating it is in Grey Zones. This implies that Austin Engineering 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 Austin Engineering's Altman Z-Score or its related term are showing as below:
ASX:ANG'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.46 Med: 1.83 Max: 2.86
Current: 2.31
During the past 13 years, Austin Engineering's highest Altman Z-Score was 2.86. The lowest was 0.46. And the median was 1.83.
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.
Austin Engineering Altman Z-Score Related Terms
Austin Engineering Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Austin Engineering'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.
ASX:ANG vs CAT, DE, PCAR: Altman Z-Score Comparison
For the Farm & Heavy Construction Machinery subindustry, Austin Engineering'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.
Austin Engineering Altman Z-Score vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Austin Engineering's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Austin Engineering'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.
Austin Engineering'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
*
0.2258
+
1.4
*
0.0742
+
3.3
*
0.1048
+
0.6
*
0.5574
+
1.0
*
1.2493
=
2.30
* 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.
Austin Engineering (ASX:ANG) has a Altman Z-Score of 2.30 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Austin Engineering and its competitors. This is 26% above median its historical median of 1.83. Over the past decade, Austin Engineering's Altman Z-Score has ranged from 0.46 to 2.86. According to the industry distribution chart, Austin Engineering ranks #123 out of 208 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 59.1%.
Is Austin Engineering's Altman Z-Score too high?
Austin Engineering's current Altman Z-Score of 2.30 is 26% above median its 10-year median of 1.83. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 2.86. The Farm & Heavy Construction Machinery industry median Altman Z-Score is 2.59. Austin Engineering's value of 2.30 is 11% below this industry median. Based on the distribution chart, Austin Engineering ranks #123 out of 208 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Austin Engineering has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Austin Engineering's Altman Z-Score compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Austin Engineering ranks #123 out of 208 companies for Altman Z-Score. This places Austin Engineering in the lower half of its industry. The industry median Altman Z-Score is 2.59. Austin Engineering's value of 2.30 is 11% below this benchmark. Historically, Austin Engineering's own Altman Z-Score has ranged from 0.46 to 2.86 over the past decade. While the company's 10-year median is 1.83 vs. the industry median of 2.59, Austin Engineering 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 Z-Score for a Farm & Heavy Construction Machinery company?
The median Altman Z-Score among Farm & Heavy Construction Machinery companies is 2.59, based on 208 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. Austin Engineering's current Altman Z-Score of 2.30 is 11% 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 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 Austin Engineering and its competitors. For the Farm & Heavy Construction Machinery industry, the median Altman Z-Score is 2.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Austin Engineering's current Altman Z-Score is 2.30, which is 26% above median its own 10-year median of 1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Austin Engineering stock overvalued right now?
Based on GuruFocus' analysis, Austin Engineering (ASX:ANG) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.40, compared to a current price of A$0.14 — trading 64.4% below its estimated fair value. The current Altman Z-Score is 2.30, which is 26% above median its 10-year median of 1.83 and 11% below the Farm & Heavy Construction Machinery industry median of 2.59. Austin Engineering's overall GF Score™ is 53/100 with 6 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 Austin Engineering (ASX:ANG), the current Altman Z-Score is 2.30 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 Austin Engineering (ASX:ANG) Overvalued in 2026?
Based on GuruFocus' analysis, Austin Engineering stock appears to be undervalued.
The current stock price of A$0.14 is trading 64.4% below its estimated GF Value™ of A$0.40.
GuruFocus considers Austin Engineering to be Significantly Undervalued.
Key valuation signals for ASX:ANG:
Altman Z-Score: 2.30 (26% above median its 10-year median of 1.83)
GF Value™: A$0.40 vs. price of A$0.14 (64.4% below fair value)
Industry Position: 11% below the Farm & Heavy Construction Machinery median (#123 of 208)
No single metric tells the full story. See the ASX:ANG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Austin Engineering Ltd is an Australian-based engineering company. It designs and manufactures customized off-highway truck bodies, buckets, water tanks, tyre handlers, and other ancillary products. It is a comprehensive service provider throughout the product's life cycle, offering both on-site and off-site repair and maintenance. Its geographical segments include Asia-Pacific, North America, and South America. The company generates maximum revenue from the Asia-Pacific segment, which is engaged in mining equipment, other products, and repair and maintenance services located in Australia and Indonesia.
53GF Score
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