Accent GroupASX:AX1 78 Altman Z-Score is 1.78 as of Jun. 24, 2026, which is 27% below its 10-year median of 2.43. GuruFocus rates ASX:AX1 with a GF Score™ of 78/100 and a GF Value™ of A$1.97 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,118 Retail - Cyclical companies, Accent Group ranks worse than 69.32% 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 1.79 is in distress zone. This implies bankruptcy possibility in the next two years.
Accent Group has a Altman Z-Score of 1.78, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Accent Group's Altman Z-Score or its related term are showing as below:
ASX:AX1'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.66 Med: 2.43 Max: 4.38
Current: 1.79
During the past 13 years, Accent Group's highest Altman Z-Score was 4.38. The lowest was 1.66. And the median was 2.43.
Accent Group (ASX:AX1) 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.
Accent Group Altman Z-Score Related Terms
Accent Group Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Accent Group'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:AX1 vs TJX, ROST, BURL: Altman Z-Score Comparison
For the Apparel Retail subindustry, Accent Group'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.
Accent Group Altman Z-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Accent Group's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Accent Group'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.
Accent Group'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
*
0.0262
+
1.4
*
-0.0039
+
3.3
*
0.0748
+
0.6
*
0.541
+
1.0
*
1.1782
=
1.78
* 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.
Accent Group (ASX:AX1) has a Altman Z-Score of 1.78 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Accent Group and its competitors. This is 27% below median its historical median of 2.43. Over the past decade, Accent Group's Altman Z-Score has ranged from 1.66 to 4.38. According to the industry distribution chart, Accent Group ranks #775 out of 1118 companies in the Retail - Cyclical industry, placing it in the top 69.3%.
Is Accent Group's Altman Z-Score too high?
Accent Group's current Altman Z-Score of 1.78 is 27% below median its 10-year median of 2.43. Over the past 10 years, this metric has ranged from a low of 1.66 to a high of 4.38. The Retail - Cyclical industry median Altman Z-Score is 2.73. Accent Group's value of 1.78 is 34.8% below this industry median. Based on the distribution chart, Accent Group ranks #775 out of 1118 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Accent Group has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Accent Group's Altman Z-Score compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Accent Group ranks #775 out of 1118 companies for Altman Z-Score. This places Accent Group in the lower half of its industry. The industry median Altman Z-Score is 2.73. Accent Group's value of 1.78 is 34.8% below this benchmark. Historically, Accent Group's own Altman Z-Score has ranged from 1.66 to 4.38 over the past decade. While the company's 10-year median is 2.43 vs. the industry median of 2.73, Accent Group 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 Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.73, based on 1,118 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. Accent Group's current Altman Z-Score of 1.78 is 34.8% 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 Accent Group and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Accent Group's current Altman Z-Score is 1.78, which is 27% below median its own 10-year median of 2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Accent Group stock overvalued right now?
Based on GuruFocus' analysis, Accent Group (ASX:AX1) is currently considered Possible Value Trap. The stock's GF Value™ is A$1.97, compared to a current price of A$0.70 — trading 64.5% below its estimated fair value. The current Altman Z-Score is 1.78, which is 27% below median its 10-year median of 2.43 and 34.8% below the Retail - Cyclical industry median of 2.73. Accent Group's overall GF Score™ is 78/100 with 7 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 Accent Group (ASX:AX1), the current Altman Z-Score is 1.78 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 Accent Group (ASX:AX1) Overvalued in 2026?
Based on GuruFocus' analysis, Accent Group stock appears to be undervalued.
The current stock price of A$0.70 is trading 64.5% below its estimated GF Value™ of A$1.97.
GuruFocus considers Accent Group to be Possible Value Trap.
Key valuation signals for ASX:AX1:
Altman Z-Score: 1.78 (27% below median its 10-year median of 2.43)
GF Value™: A$1.97 vs. price of A$0.70 (64.5% below fair value)
Industry Position: 34.8% below the Retail - Cyclical median (#775 of 1118)
No single metric tells the full story. See the ASX:AX1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Accent Group is a retailer and wholesaler of footwear and apparel. It is the exclusive distributor of range of global brands, including Skechers, Vans, and Doctor Martens in Australia and New Zealand. Accent operates both monobranded stores and multibrand banners, such as Platypus, Hype DC, and The Athlete's Foot. With a network of more than 800 physical stores and 30 websites, Accent is the largest footwear retailer in Australia.
78GF Score
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