Matrix Composites & EngineeringASX:MCE 38 Altman Z-Score is 0.46 as of Jun. 27, 2026, which is 26% below its 10-year median of 0.62. GuruFocus rates ASX:MCE with a GF Score™ of 38/100 and a GF Value™ of A$0.38 (Fairly Valued). The stock has 10 warning signs investors should review. Among 1,758 Construction companies, Matrix Composites & Engineering ranks worse than 90.39% 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 0.47 is in distress zone. This implies bankruptcy possibility in the next two years.
Matrix Composites & Engineering has a Altman Z-Score of 0.46, 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 Matrix Composites & Engineering's Altman Z-Score or its related term are showing as below:
ASX:MCE'
s Altman Z-Score Range Over the Past 10 Years
Min: -5.95 Med: 0.62 Max: 3.42
Current: 0.47
During the past 13 years, Matrix Composites & Engineering's highest Altman Z-Score was 3.42. The lowest was -5.95. And the median was 0.62.
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.
ASX:MCE vs PWR, FIX, EME: Altman Z-Score Comparison
For the Engineering & Construction subindustry, Matrix Composites & 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.
Matrix Composites & Engineering Altman Z-Score vs Construction Industry
For the Construction industry and Industrials sector, Matrix Composites & Engineering's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Matrix Composites & 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.
* 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.
Matrix Composites & Engineering (ASX:MCE) has a Altman Z-Score of 0.46 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Matrix Composites & Engineering and its competitors. This is 26% below median its historical median of 0.62. According to the industry distribution chart, Matrix Composites & Engineering ranks #1589 out of 1758 companies in the Construction industry, placing it in the top 90.4%.
Is Matrix Composites & Engineering's Altman Z-Score too high?
Matrix Composites & Engineering's current Altman Z-Score of 0.46 is 26% below median its 10-year median of 0.62. The Construction industry median Altman Z-Score is 2.35. Matrix Composites & Engineering's value of 0.46 is 80.4% below this industry median. Based on the distribution chart, Matrix Composites & Engineering ranks #1589 out of 1758 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Matrix Composites & Engineering has a GF Score™ of 38/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Matrix Composites & Engineering's Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Matrix Composites & Engineering ranks #1589 out of 1758 companies for Altman Z-Score. This places Matrix Composites & Engineering in the lower half of its industry. The industry median Altman Z-Score is 2.35. Matrix Composites & Engineering's value of 0.46 is 80.4% below this benchmark. While the company's 10-year median is 0.62 vs. the industry median of 2.35, Matrix Composites & 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 Construction company?
The median Altman Z-Score among Construction companies is 2.35, based on 1,758 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. Matrix Composites & Engineering's current Altman Z-Score of 0.46 is 80.4% 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 Matrix Composites & Engineering and its competitors. For the Construction industry, the median Altman Z-Score is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Matrix Composites & Engineering's current Altman Z-Score is 0.46, which is 26% below median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matrix Composites & Engineering stock overvalued right now?
Based on GuruFocus' analysis, Matrix Composites & Engineering (ASX:MCE) is currently considered Fairly Valued. The stock's GF Value™ is A$0.38, compared to a current price of A$0.40 — trading 3.9% above its estimated fair value. The current Altman Z-Score is 0.46, which is 26% below median its 10-year median of 0.62 and 80.4% below the Construction industry median of 2.35. Matrix Composites & Engineering's overall GF Score™ is 38/100 with 10 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 Matrix Composites & Engineering (ASX:MCE), the current Altman Z-Score is 0.46 as of Jun. 27, 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 Matrix Composites & Engineering (ASX:MCE) Overvalued in 2026?
Based on GuruFocus' analysis, Matrix Composites & Engineering stock appears to be overvalued.
The current stock price of A$0.40 is trading 3.9% above its estimated GF Value™ of A$0.38.
GuruFocus considers Matrix Composites & Engineering to be Fairly Valued.
Key valuation signals for ASX:MCE:
Altman Z-Score: 0.46 (26% below median its 10-year median of 0.62)
GF Value™: A$0.38 vs. price of A$0.40 (3.9% above fair value)
Industry Position: 80.4% below the Construction median (#1589 of 1758)
No single metric tells the full story. See the ASX:MCE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Matrix Composites & Engineering Business Description
Matrix Composites & Engineering Ltd is a manufacturer of engineered products and services for the offshore oil and gas, civil and infrastructure, and defence industry. The group is also involved in the businesses of manufacturing and supplying capital drilling equipment, consisting of syntactic foam buoyancy; manufacturing and supply of subsea umbilical risers and flowline (SURF) ancillary equipment and associated services; and manufacturing and supply of well construction products, including centralizers and conductors. Its products consist of buoyancy systems, epoxy resin systems, energy absorption systems, reinforced thermoplastics, and others. Geographically, it derives maximum revenue from Brazil and rest from Australia, Japan, China, the United States of America, and other regions.
38GF Score
Get the complete analysis for ASX:MCE
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:MCE has been successfully added to your 
