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 83.9 is strong.
Metal Powder Works has a Altman Z-Score of 75.99, 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 Metal Powder Works's Altman Z-Score or its related term are showing as below:
ASX:MPW'
s Altman Z-Score Range Over the Past 10 Years
Min: -94.46 Med: -9.38 Max: 83.9
Current: 83.9
During the past 13 years, Metal Powder Works's highest Altman Z-Score was 83.90. The lowest was -94.46. And the median was -9.38.
Metal Powder Works (ASX:MPW) 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.
Metal Powder Works Altman Z-Score Related Terms
Metal Powder Works Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Metal Powder Works'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.
Metal Powder Works Altman Z-Score Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Metal Powder Works'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.
Metal Powder Works Altman Z-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Metal Powder Works's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Metal Powder Works'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.
Metal Powder Works'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
*
0.6505
+
1.4
*
-1.0688
+
3.3
*
-0.5883
+
0.6
*
130.8209
+
1.0
*
0.155
=
75.99
* 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.
Metal Powder Works (ASX:MPW) has a Altman Z-Score of 75.99 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Metal Powder Works and its competitors. According to the industry distribution chart, Metal Powder Works ranks #11 out of 790 companies in the Metals & Mining industry, placing it in the top 1.4%.
Is Metal Powder Works' Altman Z-Score too high?
Metal Powder Works' current Altman Z-Score is 75.99. The Metals & Mining industry median Altman Z-Score is 3.43. Metal Powder Works' value of 75.99 is 2115.5% above this industry median. Based on the distribution chart, Metal Powder Works ranks #11 out of 790 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Metal Powder Works has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Metal Powder Works' Altman Z-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Metal Powder Works ranks #11 out of 790 companies for Altman Z-Score. This places Metal Powder Works in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.43. Metal Powder Works' value of 75.99 is 2115.5% above this benchmark. 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 3.43, based on 790 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. Metal Powder Works's current Altman Z-Score of 75.99 is 2115.5% 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 Metal Powder Works and its competitors. For the Metals & Mining industry, the median Altman Z-Score is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metal Powder Works's current Altman Z-Score is 75.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metal Powder Works stock overvalued right now?
Based on GuruFocus' analysis, Metal Powder Works (ASX:MPW) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.13, compared to a current price of A$1.76 — trading 1253.8% above its estimated fair value. The current Altman Z-Score is 75.99 and 2115.5% above the Metals & Mining industry median of 3.43. Metal Powder Works' overall GF Score™ is 52/100 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 Metal Powder Works (ASX:MPW), the current Altman Z-Score is 75.99 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.
Is Metal Powder Works (ASX:MPW) Overvalued in 2026?
Based on GuruFocus' analysis, Metal Powder Works stock appears to be overvalued.
The current stock price of A$1.76 is trading 1253.8% above its estimated GF Value™ of A$0.13.
GuruFocus considers Metal Powder Works to be Significantly Overvalued.
Key valuation signals for ASX:MPW:
Altman Z-Score: 75.99
GF Value™: A$0.13 vs. price of A$1.76 (1253.8% above fair value)
Industry Position: 2115.5% above the Metals & Mining median (#11 of 790)
No single metric tells the full story. See the ASX:MPW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Metal Powder Works Ltd is focused on producing high-quality metal powders for additive manufacturing. The company is engaged in two segments -Welding Technology in which there is development and commercialisation of proprietary high-speed precision welding solutions that improve the economics of fabrication and second is Metal Powders which includes Manufacture and supply of high-quality metal powders and related technologies for advanced manufacturing, additive manufacturing (3D printing), and other industrial applications.
52GF Score
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