GR Engineering ServicesASX:GNG +0.62%76 Altman Z-Score is 7.65 as of Jul. 11, 2026, which is 48% above its 10-year median of 5.18. GuruFocus rates ASX:GNG with a GF Score™ of 76/100 and a GF Value™ of A$2.82 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 785 Metals & Mining companies, GR Engineering Services ranks better than 79.36% 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 7.99 is strong.
GR Engineering Services has a Altman Z-Score of 7.65, 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 GR Engineering Services's Altman Z-Score or its related term are showing as below:
ASX:GNG'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.25 Med: 5.18 Max: 8.97
Current: 7.99
During the past 13 years, GR Engineering Services's highest Altman Z-Score was 8.97. The lowest was 3.25. And the median was 5.18.
GR Engineering Services (ASX:GNG) 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.
* 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.
GR Engineering Services Altman Z-Score Competitor Comparison
For the Other Industrial Metals & Mining subindustry, GR Engineering Services'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.
GR Engineering Services Altman Z-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, GR Engineering Services's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where GR Engineering Services's Altman Z-Score falls into.
GR Engineering Services 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.
* 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.
GR Engineering Services (ASX:GNG) has a Altman Z-Score of 7.65 as of Jul. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on GR Engineering Services and its competitors. This is 48% above median its historical median of 5.18. Over the past decade, GR Engineering Services' Altman Z-Score has ranged from 3.25 to 8.97. According to the industry distribution chart, GR Engineering Services ranks #162 out of 785 companies in the Metals & Mining industry, placing it in the top 20.6%.
Is GR Engineering Services' Altman Z-Score too high?
GR Engineering Services' current Altman Z-Score of 7.65 is 48% above median its 10-year median of 5.18. Over the past 10 years, this metric has ranged from a low of 3.25 to a high of 8.97. The Metals & Mining industry median Altman Z-Score is 3.34. GR Engineering Services' value of 7.65 is 129% above this industry median. Based on the distribution chart, GR Engineering Services ranks #162 out of 785 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, GR Engineering Services has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GR Engineering Services' Altman Z-Score compare to competitors?
According to the Metals & Mining industry distribution chart, GR Engineering Services ranks #162 out of 785 companies for Altman Z-Score. This places GR Engineering Services in the top 21% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.34. GR Engineering Services' value of 7.65 is 129% above this benchmark. Historically, GR Engineering Services' own Altman Z-Score has ranged from 3.25 to 8.97 over the past decade. While the company's 10-year median is 5.18 vs. the industry median of 3.34, GR Engineering Services 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 Metals & Mining company?
The median Altman Z-Score among Metals & Mining companies is 3.34, based on 785 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. GR Engineering Services's current Altman Z-Score of 7.65 is 129% 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 GR Engineering Services and its competitors. For the Metals & Mining industry, the median Altman Z-Score is 3.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GR Engineering Services's current Altman Z-Score is 7.65, which is 48% above median its own 10-year median of 5.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GR Engineering Services stock overvalued right now?
Based on GuruFocus' analysis, GR Engineering Services (ASX:GNG) is currently considered Significantly Overvalued. The stock's GF Value™ is A$2.82, compared to a current price of A$4.84 — trading 71.6% above its estimated fair value. The current Altman Z-Score is 7.65, which is 48% above median its 10-year median of 5.18 and 129% above the Metals & Mining industry median of 3.34. GR Engineering Services' overall GF Score™ is 76/100 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 GR Engineering Services (ASX:GNG), the current Altman Z-Score is 7.65 as of Jul. 11, 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 GR Engineering Services (ASX:GNG) Overvalued in 2026?
Based on GuruFocus' analysis, GR Engineering Services stock appears to be overvalued.
The current stock price of A$4.84 is trading 71.6% above its estimated GF Value™ of A$2.82.
GuruFocus considers GR Engineering Services to be Significantly Overvalued.
Key valuation signals for ASX:GNG:
Altman Z-Score: 7.65 (48% above median its 10-year median of 5.18)
GF Value™: A$2.82 vs. price of A$4.84 (71.6% above fair value)
Industry Position: 129% above the Metals & Mining median (#162 of 785)
No single metric tells the full story. See the ASX:GNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GR Engineering Services Ltd provides process engineering, detailed engineering design, process control, and automation design and construction services to the mining and mineral processing industry. In addition, it also provides operations, maintenance, engineering, and advisory services to the energy sector. The company has been a part of several projects, including the Mungari Future Growth Project, Kathleen Valley Lithium Backfill Project, and the Woodlawn Restart Project, among others. It operates in two segments: Mineral Processing and Oil and Gas. Key revenue is derived from the Mineral processing segment, which includes Engineering, Procurement, and Construction (EPC) contracts of mineral projects. Geographically, the group derives maximum revenue from its business in Australia.
76GF Score
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