BSFAF (BSF Enterprise) Altman Z-Score: 0.22 (As of Jun. 28, 2026) — 96% Below Median


What is BSF Enterprise Altman Z-Score?

BSF Enterprise BSFAF Altman Z-Score is 0.22 as of Jun. 28, 2026, which is 96% below its 10-year median of 4.98. The stock has 3 warning signs investors should review. Among 933 Biotechnology companies, BSF Enterprise ranks worse than 64.09% 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 0.32 is in distress zone. This implies bankruptcy possibility in the next two years.

BSF Enterprise has a Altman Z-Score of 0.22, 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 BSF Enterprise's Altman Z-Score or its related term are showing as below:

BSFAF' s Altman Z-Score Range Over the Past 10 Years
Min: 0.32   Med: 4.98   Max: 14.67
Current: 0.32

During the past 7 years, BSF Enterprise's highest Altman Z-Score was 14.67. The lowest was 0.32. And the median was 4.98.


BSF Enterprise  (OTCPK:BSFAF) 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.


BSF Enterprise Altman Z-Score Related Terms


BSF Enterprise Altman Z-Score Historical Data

* Premium members only.

The historical data trend for BSF Enterprise'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.

BSF Enterprise Altman Z-Score Chart

BSF Enterprise Annual Data
Trend Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Altman Z-Score
Get a 7-Day Free Trial 0.00 0.00 14.67 4.98 4.96

BSF Enterprise Semi-Annual Data
Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 14.67 0.00 4.98 0.00 4.96

BSFAF vs VRTX, REGN, ALNY: Altman Z-Score Comparison

For the Biotechnology subindustry, BSF Enterprise'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.


BSF Enterprise Altman Z-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, BSF Enterprise's Altman Z-Score distribution charts can be found below:

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



BSF Enterprise 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.

BSF Enterprise'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*0.0637+1.4*-1.7584+3.3*-0.404+0.6*6.5345+1.0*0.0177
=0.22

* 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 Sep. 2025:
Total Assets was $4.06 Mil.
Total Current Assets was $0.63 Mil.
Total Current Liabilities was $0.37 Mil.
Retained Earnings was $-7.15 Mil.
Pre-Tax Income was $-1.65 Mil.
Interest Expense was $-0.00 Mil.
Revenue was $0.07 Mil.
Market Cap (Today) was $2.56 Mil.
Total Liabilities was $0.39 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
=(0.632 - 0.373)/4.064
=0.0637

X2=Retained Earnings/Total Assets
=-7.146/4.064
=-1.7584

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-1.645 - -0.003)/4.064
=-0.404

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2.555/0.391
=6.5345

X5=Revenue/Total Assets
=0.072/4.064
=0.0177

The zones of discrimination were as such:

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

BSF Enterprise has a Altman Z-Score of 0.22 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 0.22 mean?
BSF Enterprise (BSFAF) has a Altman Z-Score of 0.22 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on BSF Enterprise and its competitors. This is 96% below median its historical median of 4.98. Over the past decade, BSF Enterprise's Altman Z-Score has ranged from 0.32 to 14.67. According to the industry distribution chart, BSF Enterprise ranks #598 out of 933 companies in the Biotechnology industry, placing it in the top 64.1%.
Is BSF Enterprise's Altman Z-Score too high?
BSF Enterprise's current Altman Z-Score of 0.22 is 96% below median its 10-year median of 4.98. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 14.67. The Biotechnology industry median Altman Z-Score is 2.55. BSF Enterprise's value of 0.22 is 91.4% below this industry median. Based on the distribution chart, BSF Enterprise ranks #598 out of 933 companies in the Biotechnology industry, which is below the industry midpoint.
How does BSF Enterprise's Altman Z-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, BSF Enterprise ranks #598 out of 933 companies for Altman Z-Score. This places BSF Enterprise in the lower half of its industry. The industry median Altman Z-Score is 2.55. BSF Enterprise's value of 0.22 is 91.4% below this benchmark. Historically, BSF Enterprise's own Altman Z-Score has ranged from 0.32 to 14.67 over the past decade. While the company's 10-year median is 4.98 vs. the industry median of 2.55, BSF Enterprise 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 a Biotechnology company?
The median Altman Z-Score among Biotechnology companies is 2.55, based on 933 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. BSF Enterprise's current Altman Z-Score of 0.22 is 91.4% 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 BSF Enterprise and its competitors. For the Biotechnology industry, the median Altman Z-Score is 2.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BSF Enterprise's current Altman Z-Score is 0.22, which is 96% below median its own 10-year median of 4.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BSF Enterprise stock overvalued right now?
BSF Enterprise (BSFAF) has a current Altman Z-Score of 0.22. The current Altman Z-Score is 0.22, which is 96% below median its 10-year median of 4.98 and 91.4% below the Biotechnology industry median of 2.55. 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 BSF Enterprise (BSFAF), the current Altman Z-Score is 0.22 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.

BSF Enterprise Business Description

Other Exchanges BSFA:UK
Address 2 Portman Street, London, GBR, W1H 6DU
BSF Enterprise PLC is a United Kingdom-based biotech company. The Company is focused on developing biotechnological solutions using cell-based tissue engineering to help generate cultured meat, lab-grown leather, as well as human corneas, collagen growth and skin substitutes. The Company operates through its wholly owned subsidiary, 3D Bio-Tissues Limited (3DBT), which is a clinical and cellular agriculture company engaged in producing human corneas that could help restore vision to millions of people.