Elysee DevelopmentASXSF +2.25%34 Altman Z-Score is 11.89 as of Jun. 25, 2026, which is 88% below its 10-year median of 98.79. GuruFocus rates ASXSF with a GF Score™ of 34/100. Among 652 Asset Management companies, Elysee Development ranks better than 79.45% 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 12.04 is strong.
Elysee Development has a Altman Z-Score of 11.89, 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 Elysee Development's Altman Z-Score or its related term are showing as below:
ASXSF'
s Altman Z-Score Range Over the Past 10 Years
Min: -2.28 Med: 98.79 Max: 7119.33
Current: 12.04
During the past 13 years, Elysee Development's highest Altman Z-Score was 7119.33. The lowest was -2.28. And the median was 98.79.
Elysee Development (OTCPK:ASXSF) 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.
Elysee Development Altman Z-Score Related Terms
Elysee Development Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Elysee Development'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 Asset Management subindustry, Elysee Development'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.
Elysee Development Altman Z-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Elysee Development's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Elysee Development'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.
Elysee Development'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
*
0.9332
+
1.4
*
-1.4547
+
3.3
*
0.4168
+
0.6
*
18.6224
+
1.0
*
0.2621
=
11.89
* 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.
Elysee Development (ASXSF) has a Altman Z-Score of 11.89 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Elysee Development and its competitors. This is 88% below median its historical median of 98.79. According to the industry distribution chart, Elysee Development ranks #134 out of 652 companies in the Asset Management industry, placing it in the top 20.6%.
Is Elysee Development's Altman Z-Score too high?
Elysee Development's current Altman Z-Score of 11.89 is 88% below median its 10-year median of 98.79. The Asset Management industry median Altman Z-Score is 3.47. Elysee Development's value of 11.89 is 242.7% above this industry median. Based on the distribution chart, Elysee Development ranks #134 out of 652 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Elysee Development has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Elysee Development's Altman Z-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Elysee Development ranks #134 out of 652 companies for Altman Z-Score. This places Elysee Development in the top 21% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.47. Elysee Development's value of 11.89 is 242.7% above this benchmark. While the company's 10-year median is 98.79 vs. the industry median of 3.47, Elysee Development 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 an Asset Management company?
The median Altman Z-Score among Asset Management companies is 3.47, based on 652 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. Elysee Development's current Altman Z-Score of 11.89 is 242.7% 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 Elysee Development and its competitors. For the Asset Management industry, the median Altman Z-Score is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elysee Development's current Altman Z-Score is 11.89, which is 88% below median its own 10-year median of 98.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elysee Development stock overvalued right now?
Elysee Development (ASXSF) has a current Altman Z-Score of 11.89. The current Altman Z-Score is 11.89, which is 88% below median its 10-year median of 98.79 and 242.7% above the Asset Management industry median of 3.47. Elysee Development's overall GF Score™ is 34/100. 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 Elysee Development (ASXSF), the current Altman Z-Score is 11.89 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.
Elysee Development Corp is a diversified investment and venture capital firm with a focus on publicly traded companies in the natural resource sector. The company is an investment issuer with an actively managed investment portfolio of common shares and other securities, and investments cover a broad range of activities with a focus on natural resources and in particular, the precious metals sector. The investment activities of the company are currently concentrated on junior exploration and mining companies active in the gold and silver sector, as well as several technology companies.
34GF Score
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