Peel MiningASX:PEX 32 Altman Z-Score is 48.44 as of Jun. 26, 2026, which is 638% above its 10-year median of 6.56. GuruFocus rates ASX:PEX with a GF Score™ of 32/100. The stock has 1 warning sign investors should review. Among 790 Metals & Mining companies, Peel Mining ranks better than 96.58% 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 48.44 is strong.
Peel Mining has a Altman Z-Score of 48.44, 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 Peel Mining's Altman Z-Score or its related term are showing as below:
ASX:PEX'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.63 Med: 6.56 Max: 48.44
Current: 48.44
During the past 13 years, Peel Mining's highest Altman Z-Score was 48.44. The lowest was 2.63. And the median was 6.56.
Peel Mining (ASX:PEX) 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.
Peel Mining Altman Z-Score Related Terms
Peel Mining Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Peel Mining'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.
For the Other Industrial Metals & Mining subindustry, Peel Mining'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.
Peel Mining Altman Z-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Peel Mining's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Peel Mining'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.
Peel Mining'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
*
0.0036
+
1.4
*
-0.1174
+
3.3
*
-0.0217
+
0.6
*
81.12
+
1.0
*
0.0046
=
48.44
* 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.
Peel Mining (ASX:PEX) has a Altman Z-Score of 48.44 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Peel Mining and its competitors. This is 638% above median its historical median of 6.56. Over the past decade, Peel Mining's Altman Z-Score has ranged from 2.63 to 48.44. According to the industry distribution chart, Peel Mining ranks #27 out of 790 companies in the Metals & Mining industry, placing it in the top 3.4%.
Is Peel Mining's Altman Z-Score too high?
Peel Mining's current Altman Z-Score of 48.44 is 638% above median its 10-year median of 6.56. Over the past 10 years, this metric has ranged from a low of 2.63 to a high of 48.44. The Metals & Mining industry median Altman Z-Score is 3.43. Peel Mining's value of 48.44 is 1312.2% above this industry median. Based on the distribution chart, Peel Mining ranks #27 out of 790 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Peel Mining has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Peel Mining's Altman Z-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Peel Mining ranks #27 out of 790 companies for Altman Z-Score. This places Peel Mining in the top 3% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.43. Peel Mining's value of 48.44 is 1312.2% above this benchmark. Historically, Peel Mining's own Altman Z-Score has ranged from 2.63 to 48.44 over the past decade. While the company's 10-year median is 6.56 vs. the industry median of 3.43, Peel Mining 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 3.43, 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. Peel Mining's current Altman Z-Score of 48.44 is 1312.2% 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 Peel Mining 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. Peel Mining's current Altman Z-Score is 48.44, which is 638% above median its own 10-year median of 6.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Peel Mining stock overvalued right now?
Peel Mining (ASX:PEX) has a current Altman Z-Score of 48.44. The current Altman Z-Score is 48.44, which is 638% above median its 10-year median of 6.56 and 1312.2% above the Metals & Mining industry median of 3.43. Peel Mining's overall GF Score™ is 32/100 with 1 warning sign 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 Peel Mining (ASX:PEX), the current Altman Z-Score is 48.44 as of Jun. 26, 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.
Peel Mining Ltd is an Australian company focused on exploring and developing precious, base, and specialty metals resources in New South Wales. The company operates through mineral exploration and development in New South Wales and South Australia segment. Its projects include Mallee bull, South Cobar, Mallee Bull - Copper, Silver, Gold, Zinc, and Lead, Southern Nights - Copper, Silver, Gold, Zinc, and Lead, May Day Project - Copper, Silver, Gold, Zinc, and Lead, Wirlong - Copper and Silver.
32GF Score
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