Vulcan Energy ResourcesASX:VUL -4.17%58 Altman Z-Score is 4.98 as of Jun. 28, 2026, which is 52% below its 10-year median of 10.47. GuruFocus rates ASX:VUL with a GF Score™ of 58/100 and a GF Value™ of A$3.48 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 787 Metals & Mining companies, Vulcan Energy Resources ranks better than 66.33% 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 4.98 is strong.
Vulcan Energy Resources has a Altman Z-Score of 4.98, 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 Vulcan Energy Resources's Altman Z-Score or its related term are showing as below:
ASX:VUL'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.98 Med: 10.47 Max: 169.74
Current: 4.98
During the past 7 years, Vulcan Energy Resources's highest Altman Z-Score was 169.74. The lowest was 4.98. And the median was 10.47.
Vulcan Energy Resources (ASX:VUL) 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.
Vulcan Energy Resources Altman Z-Score Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Vulcan Energy Resources'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.
Vulcan Energy Resources Altman Z-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Vulcan Energy Resources's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Vulcan Energy Resources's Altman Z-Score falls into.
Vulcan Energy Resources 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.
Vulcan Energy Resources (ASX:VUL) has a Altman Z-Score of 4.98 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Vulcan Energy Resources and its competitors. This is 52% below median its historical median of 10.47. Over the past decade, Vulcan Energy Resources' Altman Z-Score has ranged from 4.98 to 169.74. According to the industry distribution chart, Vulcan Energy Resources ranks #265 out of 787 companies in the Metals & Mining industry, placing it in the top 33.7%.
Is Vulcan Energy Resources' Altman Z-Score too high?
Vulcan Energy Resources' current Altman Z-Score of 4.98 is 52% below median its 10-year median of 10.47. Over the past 10 years, this metric has ranged from a low of 4.98 to a high of 169.74. The Metals & Mining industry median Altman Z-Score is 3.36. Vulcan Energy Resources' value of 4.98 is 48.2% above this industry median. Based on the distribution chart, Vulcan Energy Resources ranks #265 out of 787 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Vulcan Energy Resources has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Energy Resources' Altman Z-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Vulcan Energy Resources ranks #265 out of 787 companies for Altman Z-Score. This puts Vulcan Energy Resources in the upper half of its industry. The industry median Altman Z-Score is 3.36. Vulcan Energy Resources' value of 4.98 is 48.2% above this benchmark. Historically, Vulcan Energy Resources' own Altman Z-Score has ranged from 4.98 to 169.74 over the past decade. While the company's 10-year median is 10.47 vs. the industry median of 3.36, Vulcan Energy Resources 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 3.36, based on 787 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. Vulcan Energy Resources's current Altman Z-Score of 4.98 is 48.2% 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 Vulcan Energy Resources and its competitors. For the Metals & Mining industry, the median Altman Z-Score is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Energy Resources's current Altman Z-Score is 4.98, which is 52% below median its own 10-year median of 10.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Energy Resources stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Energy Resources (ASX:VUL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$3.48, compared to a current price of A$2.99 — trading 14.1% below its estimated fair value. The current Altman Z-Score is 4.98, which is 52% below median its 10-year median of 10.47 and 48.2% above the Metals & Mining industry median of 3.36. Vulcan Energy Resources' overall GF Score™ is 58/100 with 2 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 Vulcan Energy Resources (ASX:VUL), the current Altman Z-Score is 4.98 as of Jun. 28, 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 Vulcan Energy Resources (ASX:VUL) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Energy Resources stock appears to be undervalued.
The current stock price of A$2.99 is trading 14.1% below its estimated GF Value™ of A$3.48.
GuruFocus considers Vulcan Energy Resources to be Modestly Undervalued.
Key valuation signals for ASX:VUL:
Altman Z-Score: 4.98 (52% below median its 10-year median of 10.47)
GF Value™: A$3.48 vs. price of A$2.99 (14.1% below fair value)
Industry Position: 48.2% above the Metals & Mining median (#265 of 787)
No single metric tells the full story. See the ASX:VUL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcan Energy Resources Ltd is engaged in geothermal energy and lithium exploration and production. The company's Lionheart Project is an integrated lithium and renewable energy project that produces battery-quality lithium from naturally heated subsurface brine in the Upper Rhine Valley, to deliver a local source of sustainable lithium for the European battery industry, with a co-product of renewable energy for local heating needs. It has developed an aluminate-based sorbent, VULSORB, to produce lithium from subsurface brine and harnesses geothermal energy from its operations in the Upper Rhine Valley. The company has three operating segments based on geographical location: Germany, which derives the maximum revenue, other European countries, and Australia.
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