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Systematic IndustriesBOM:544541 +0.52%19 Altman Z-Score is 12.11 as of Jul. 29, 2026, which is 25% above its 10-year median of 9.70. GuruFocus rates BOM:544541 with a GF Score™ of 19/100. The stock has 1 warning sign investors should review. Among 610 Steel companies, Systematic Industries ranks better than 95.25% 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 11.87 is strong.
Systematic Industries has a Altman Z-Score of 12.11, 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 Systematic Industries's Altman Z-Score or its related term are showing as below:
BOM:544541'
s Altman Z-Score Range Over the Past 10 Years
Min: 9.7 Med: 9.7 Max: 11.87
Current: 11.87
During the past 5 years, Systematic Industries's highest Altman Z-Score was 11.87. The lowest was 9.70. And the median was 9.70.
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.
Systematic Industries Altman Z-Score Related Terms
Systematic Industries Altman Z-Score Historical Data
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The historical data trend for Systematic Industries'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.
BOM:544541 vs NUE, STLD, RS: Altman Z-Score Comparison
For the Steel subindustry, Systematic Industries'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.
Systematic Industries Altman Z-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Systematic Industries's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Systematic Industries'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.
* 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.
Systematic Industries (BOM:544541) has a Altman Z-Score of 12.11 as of Jul. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Systematic Industries and its competitors. This is 25% above median its historical median of 9.70. Over the past decade, Systematic Industries' Altman Z-Score has ranged from 9.70 to 11.87. According to the industry distribution chart, Systematic Industries ranks #29 out of 610 companies in the Steel industry, placing it in the top 4.8%.
Is Systematic Industries' Altman Z-Score too high?
Systematic Industries' current Altman Z-Score of 12.11 is 25% above median its 10-year median of 9.70. Over the past 10 years, this metric has ranged from a low of 9.70 to a high of 11.87. The Steel industry median Altman Z-Score is 2.47. Systematic Industries' value of 12.11 is 390.3% above this industry median. Based on the distribution chart, Systematic Industries ranks #29 out of 610 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Systematic Industries has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Systematic Industries' Altman Z-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Systematic Industries ranks #29 out of 610 companies for Altman Z-Score. This places Systematic Industries in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.47. Systematic Industries' value of 12.11 is 390.3% above this benchmark. Historically, Systematic Industries' own Altman Z-Score has ranged from 9.70 to 11.87 over the past decade. While the company's 10-year median is 9.70 vs. the industry median of 2.47, Systematic Industries 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 Steel company?
The median Altman Z-Score among Steel companies is 2.47, based on 610 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. Systematic Industries's current Altman Z-Score of 12.11 is 390.3% 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 Systematic Industries and its competitors. For the Steel industry, the median Altman Z-Score is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Systematic Industries's current Altman Z-Score is 12.11, which is 25% above median its own 10-year median of 9.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Systematic Industries stock overvalued right now?
Systematic Industries (BOM:544541) has a current Altman Z-Score of 12.11. The current Altman Z-Score is 12.11, which is 25% above median its 10-year median of 9.70 and 390.3% above the Steel industry median of 2.47. Systematic Industries' overall GF Score™ is 19/100 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 Systematic Industries (BOM:544541), the current Altman Z-Score is 12.11 as of Jul. 29, 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.
Systematic Industries Ltd engages in the steel wire industry involved in the business of manufacturing and supplying of various steel wires and cables, catering to the needs of power transmission, infrastructure, telecommunications, agro-based and allied industries. Its product portfolio includes Steel wires such as Carbon steel wire (MS Wire), High carbon wire (HC Wire), Mild Steel (MS) Wire, Galvanized Iron (GI) Wire, Cable Armour Wire, Aluminium conductor steel-reinforced cable (ACSR Core wire), Aluminium Clad Steel (ACS) Wire etc. along with Optical Ground Wires (OPGW) and Optical Fibre Cable (OFC), which has electrical and mechanical properties that are suitable for applications in power generation, data transmission and distribution.
19GF Score
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