BDRAF (Bombardier) Altman Z-Score: 1.74 (As of Jun. 27, 2026) — 263% Above Median


BDRAF Bombardier Inc BDRAF
71 GF Score
Price $226.23
GF Value $72.32
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Bombardier Altman Z-Score?

Bombardier BDRAF +0.68% 71 Altman Z-Score is 1.74 as of Jun. 27, 2026, which is 263% above its 10-year median of 0.48. GuruFocus rates BDRAF with a GF Score™ of 71/100 and a GF Value™ of $72.32 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 337 Aerospace & Defense companies, Bombardier ranks worse than 78.93% 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 1.78 is in distress zone. This implies bankruptcy possibility in the next two years.

Bombardier has a Altman Z-Score of 1.74, 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 Bombardier's Altman Z-Score or its related term are showing as below:

BDRAF' s Altman Z-Score Range Over the Past 10 Years
Min: -0.46   Med: 0.48   Max: 1.78
Current: 1.78

During the past 13 years, Bombardier's highest Altman Z-Score was 1.78. The lowest was -0.46. And the median was 0.48.


Bombardier  (OTCPK:BDRAF) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Bombardier Altman Z-Score Related Terms


Bombardier Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Bombardier'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.

Bombardier Altman Z-Score Chart

Bombardier Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.32 0.62 0.81 1.52

Bombardier Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.78 0.98 1.20 1.52 1.55

BDRAF vs GE, RTX, BA: Altman Z-Score Comparison

For the Aerospace & Defense subindustry, Bombardier'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.


Bombardier Altman Z-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Bombardier's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Bombardier's Altman Z-Score falls into.


BDRAF
71GF Score
Bombardier Inc BDRAF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Bombardier 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.

Bombardier'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*0.0717+1.4*-0.1792+3.3*0.0855+0.6*1.5426+1.0*0.7005
=1.74

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was $13,745 Mil.
Total Current Assets was $7,320 Mil.
Total Current Liabilities was $6,335 Mil.
Retained Earnings was $-2,463 Mil.
Pre-Tax Income was -59 + 543 + 74 + 173 = $731 Mil.
Interest Expense was -102 + -109 + -111 + -122 = $-444 Mil.
Revenue was 1599 + 3694 + 2307 + 2028 = $9,628 Mil.
Market Cap (Today) was $22,616 Mil.
Total Liabilities was $14,661 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(7320 - 6335)/13745
=0.0717

X2=Retained Earnings/Total Assets
=-2463/13745
=-0.1792

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(731 - -444)/13745
=0.0855

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=22616.065/14661
=1.5426

X5=Revenue/Total Assets
=9628/13745
=0.7005

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Bombardier has a Altman Z-Score of 1.74 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 1.74 mean?
Bombardier (BDRAF) has a Altman Z-Score of 1.74 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Bombardier and its competitors. This is 263% above median its historical median of 0.48. According to the industry distribution chart, Bombardier ranks #266 out of 337 companies in the Aerospace & Defense industry, placing it in the top 78.9%.
Is Bombardier's Altman Z-Score too high?
Bombardier's current Altman Z-Score of 1.74 is 263% above median its 10-year median of 0.48. The Aerospace & Defense industry median Altman Z-Score is 3.55. Bombardier's value of 1.74 is 51% below this industry median. Based on the distribution chart, Bombardier ranks #266 out of 337 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Bombardier has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bombardier's Altman Z-Score compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Bombardier ranks #266 out of 337 companies for Altman Z-Score. This places Bombardier in the lower half of its industry. The industry median Altman Z-Score is 3.55. Bombardier's value of 1.74 is 51% below this benchmark. While the company's 10-year median is 0.48 vs. the industry median of 3.55, Bombardier 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 an Aerospace & Defense company?
The median Altman Z-Score among Aerospace & Defense companies is 3.55, based on 337 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. Bombardier's current Altman Z-Score of 1.74 is 51% 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 Bombardier and its competitors. For the Aerospace & Defense industry, the median Altman Z-Score is 3.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bombardier's current Altman Z-Score is 1.74, which is 263% above median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bombardier stock overvalued right now?
Based on GuruFocus' analysis, Bombardier (BDRAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $72.32, compared to a current price of $226.23 — trading 212.8% above its estimated fair value. The current Altman Z-Score is 1.74, which is 263% above median its 10-year median of 0.48 and 51% below the Aerospace & Defense industry median of 3.55. Bombardier's overall GF Score™ is 71/100 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 Bombardier (BDRAF), the current Altman Z-Score is 1.74 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 Bombardier (BDRAF) Overvalued in 2026?

Based on GuruFocus' analysis, Bombardier stock appears to be overvalued. The current stock price of $226.23 is trading 212.8% above its estimated GF Value™ of $72.32. GuruFocus considers Bombardier to be Significantly Overvalued.

Key valuation signals for BDRAF:

  • Altman Z-Score: 1.74 (263% above median its 10-year median of 0.48)
  • GF Value™: $72.32 vs. price of $226.23 (212.8% above fair value)
  • GF Score™: 71/100 with 5 warning signs
  • Industry Position: 51% below the Aerospace & Defense median (#266 of 337)

No single metric tells the full story. See the BDRAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bombardier Business Description

Address 400 Cote-Vertu Road West, Dorval, Montreal, QC, CAN, H4S 1Y9
Bombardier designs, manufactures, markets, and provides parts and maintenance for its large, long-range Global and medium-to-large Challenger families of business jets. Most of the company's revenue is generated in North America, 60% of which is from customers in the US. It also has operations in Europe, North America, Asia-Pacific, and other markets.
71GF Score

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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$226.23
Price
$72.32
GF Value