Music BroadcastBOM:540366 -3.99%70 Altman Z-Score is 2.89 as of Jul. 02, 2026, which is 56% below its 10-year median of 6.59. GuruFocus rates BOM:540366 with a GF Score™ of 70/100 and a GF Value™ of ₹9.61 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,013 Media - Diversified companies, Music Broadcast ranks better than 68.02% 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 2.93 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Music Broadcast has a Altman Z-Score of 2.89, indicating it is in Grey Zones. This implies that Music Broadcast is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Music Broadcast's Altman Z-Score or its related term are showing as below:
BOM:540366'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.47 Med: 6.59 Max: 14.76
Current: 2.93
During the past 13 years, Music Broadcast's highest Altman Z-Score was 14.76. The lowest was 1.47. And the median was 6.59.
Music Broadcast (BOM:540366) 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.
Music Broadcast Altman Z-Score Related Terms
Music Broadcast Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Music Broadcast'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 Broadcasting subindustry, Music Broadcast'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.
Music Broadcast Altman Z-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Music Broadcast's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Music Broadcast'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.
Music Broadcast'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
*
0.3095
+
1.4
*
0
+
3.3
*
-0.0912
+
0.6
*
4.1146
+
1.0
*
0.3517
=
2.89
* 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.
Music Broadcast (BOM:540366) has a Altman Z-Score of 2.89 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Music Broadcast and its competitors. This is 56% below median its historical median of 6.59. Over the past decade, Music Broadcast's Altman Z-Score has ranged from 1.47 to 14.76. According to the industry distribution chart, Music Broadcast ranks #324 out of 1013 companies in the Media - Diversified industry, placing it in the top 32%.
Is Music Broadcast's Altman Z-Score too high?
Music Broadcast's current Altman Z-Score of 2.89 is 56% below median its 10-year median of 6.59. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 14.76. The Media - Diversified industry median Altman Z-Score is 1.95. Music Broadcast's value of 2.89 is 48.2% above this industry median. Based on the distribution chart, Music Broadcast ranks #324 out of 1013 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Music Broadcast has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Music Broadcast's Altman Z-Score compare to NXST?
According to the Media - Diversified industry distribution chart, Music Broadcast ranks #324 out of 1013 companies for Altman Z-Score. This puts Music Broadcast in the upper half of its industry. The industry median Altman Z-Score is 1.95. Music Broadcast's value of 2.89 is 48.2% above this benchmark. Historically, Music Broadcast's own Altman Z-Score has ranged from 1.47 to 14.76 over the past decade. While the company's 10-year median is 6.59 vs. the industry median of 1.95, Music Broadcast 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 Media - Diversified company?
The median Altman Z-Score among Media - Diversified companies is 1.95, based on 1,013 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. Music Broadcast's current Altman Z-Score of 2.89 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 Music Broadcast and its competitors. For the Media - Diversified industry, the median Altman Z-Score is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Music Broadcast's current Altman Z-Score is 2.89, which is 56% below median its own 10-year median of 6.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Music Broadcast stock overvalued right now?
Based on GuruFocus' analysis, Music Broadcast (BOM:540366) is currently considered Possible Value Trap. The stock's GF Value™ is ₹9.61, compared to a current price of ₹6.02 — trading 37.4% below its estimated fair value. The current Altman Z-Score is 2.89, which is 56% below median its 10-year median of 6.59 and 48.2% above the Media - Diversified industry median of 1.95. Music Broadcast's overall GF Score™ is 70/100 with 4 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 Music Broadcast (BOM:540366), the current Altman Z-Score is 2.89 as of Jul. 02, 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 Music Broadcast (BOM:540366) Overvalued in 2026?
Based on GuruFocus' analysis, Music Broadcast stock appears to be undervalued.
The current stock price of ₹6.02 is trading 37.4% below its estimated GF Value™ of ₹9.61.
GuruFocus considers Music Broadcast to be Possible Value Trap.
Key valuation signals for BOM:540366:
Altman Z-Score: 2.89 (56% below median its 10-year median of 6.59)
GF Value™: ₹9.61 vs. price of ₹6.02 (37.4% below fair value)
Industry Position: 48.2% above the Media - Diversified median (#324 of 1013)
No single metric tells the full story. See the BOM:540366 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Music Broadcast Ltd is engaged in the business of operating Private FM Radio Stations through the brand Radio City. The Company is engaged in the business of radio broadcasting and other related activities under the 'Radio City' brand in India.
70GF Score
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