CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA4) Altman Z-Score: 2.37 (As of Jun. 25, 2026) — 37% Below Median

Q: What does a Altman Z-Score of 2.37 mean?

CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA4) has a Altman Z-Score of 2.37 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on CIA de Ferro Ligas da Bahia - Ferbasa and its competitors. This is 37% below median its historical median of 3.76. Over the past decade, CIA de Ferro Ligas da Bahia - Ferbasa's Altman Z-Score has ranged from 1.75 to 5.78. According to the industry distribution chart, CIA de Ferro Ligas da Bahia - Ferbasa ranks #321 out of 615 companies in the Steel industry, placing it in the top 52.2%.

Q: Is CIA de Ferro Ligas da Bahia - Ferbasa's Altman Z-Score too high?

CIA de Ferro Ligas da Bahia - Ferbasa's current Altman Z-Score of 2.37 is 37% below median its 10-year median of 3.76. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 5.78. The Steel industry median Altman Z-Score is 2.47. CIA de Ferro Ligas da Bahia - Ferbasa's value of 2.37 is 4% below this industry median. Based on the distribution chart, CIA de Ferro Ligas da Bahia - Ferbasa ranks #321 out of 615 companies in the Steel industry, which is below the industry midpoint. Overall, CIA de Ferro Ligas da Bahia - Ferbasa has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

Q: How does CIA de Ferro Ligas da Bahia - Ferbasa's Altman Z-Score compare to NUE and STLD?

According to the Steel industry distribution chart, CIA de Ferro Ligas da Bahia - Ferbasa ranks #321 out of 615 companies for Altman Z-Score. This places CIA de Ferro Ligas da Bahia - Ferbasa in the lower half of its industry. The industry median Altman Z-Score is 2.47. CIA de Ferro Ligas da Bahia - Ferbasa's value of 2.37 is 4% below this benchmark. Historically, CIA de Ferro Ligas da Bahia - Ferbasa's own Altman Z-Score has ranged from 1.75 to 5.78 over the past decade. While the company's 10-year median is 3.76 vs. the industry median of 2.47, CIA de Ferro Ligas da Bahia - Ferbasa 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.

Q: What is a good Altman Z-Score for a Steel company?

The median Altman Z-Score among Steel companies is 2.47, based on 615 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. CIA de Ferro Ligas da Bahia - Ferbasa's current Altman Z-Score of 2.37 is 4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

Q: 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 CIA de Ferro Ligas da Bahia - Ferbasa 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. CIA de Ferro Ligas da Bahia - Ferbasa's current Altman Z-Score is 2.37, which is 37% below median its own 10-year median of 3.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Q: Is CIA de Ferro Ligas da Bahia - Ferbasa stock overvalued right now?

Based on GuruFocus' analysis, CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA4) is currently considered Modestly Undervalued. The stock's GF Value™ is R$8.52, compared to a current price of R$6.03 — trading 29.2% below its estimated fair value. The current Altman Z-Score is 2.37, which is 37% below median its 10-year median of 3.76 and 4% below the Steel industry median of 2.47. CIA de Ferro Ligas da Bahia - Ferbasa's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

Q: How is Altman Z-Score calculated?

Altman Z-Score is calculated from a company's financial statements. For CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA4), the current Altman Z-Score is 2.37 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.

CIA de Ferro Ligas da Bahia - Ferbasa BSP:FESA4

67 GF Score

Price R$6.03

GF Value R$8.52

Valuation Modestly Undervalued

8 Warning Signs

View Full Analysis

What is CIA de Ferro Ligas da Bahia - Ferbasa Altman Z-Score?

CIA de Ferro Ligas da Bahia - Ferbasa BSP:FESA4 -0.33% 67 Altman Z-Score is 2.37 as of Jun. 25, 2026, which is 37% below its 10-year median of 3.76. GuruFocus rates BSP:FESA4 with a GF Score™ of 67/100 and a GF Value™ of R$8.52 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 615 Steel companies, CIA de Ferro Ligas da Bahia - Ferbasa ranks worse than 52.2% 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 2.4 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.

CIA de Ferro Ligas da Bahia - Ferbasa has a Altman Z-Score of 2.37, indicating it is in Grey Zones. This implies that CIA de Ferro Ligas da Bahia - Ferbasa 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 CIA de Ferro Ligas da Bahia - Ferbasa's Altman Z-Score or its related term are showing as below:

BSP:FESA4' s Altman Z-Score Range Over the Past 10 Years
Min: 1.75 Med: 3.76 Max: 5.78
Current: 2.4

During the past 13 years, CIA de Ferro Ligas da Bahia - Ferbasa's highest Altman Z-Score was 5.78. The lowest was 1.75. And the median was 3.76.

CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA4) 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.

Be Aware

Altman Z-Score does not apply to financial companies.

CIA de Ferro Ligas da Bahia - Ferbasa Altman Z-Score Related Terms

CIA de Ferro Ligas da Bahia - Ferbasa Altman Z-Score Historical Data

* Premium members only.

The historical data trend for CIA de Ferro Ligas da Bahia - Ferbasa'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.

CIA de Ferro Ligas da Bahia - Ferbasa Altman Z-Score Chart

CIA de Ferro Ligas da Bahia - Ferbasa Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Altman Z-Score

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4.58

5.16

4.74

3.30

2.95

CIA de Ferro Ligas da Bahia - Ferbasa 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															3.69	3.76	3.90	2.95	3.23

BSP:FESA4 vs NUE, STLD, RS: Altman Z-Score Comparison

For the Steel subindustry, CIA de Ferro Ligas da Bahia - Ferbasa'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.

CIA de Ferro Ligas da Bahia - Ferbasa Altman Z-Score vs Steel Industry

For the Steel industry and Basic Materials sector, CIA de Ferro Ligas da Bahia - Ferbasa's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where CIA de Ferro Ligas da Bahia - Ferbasa's Altman Z-Score falls into.

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67GF Score

CIA de Ferro Ligas da Bahia - Ferbasa BSP:FESA4

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

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CIA de Ferro Ligas da Bahia - Ferbasa 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.

CIA de Ferro Ligas da Bahia - Ferbasa's Altman Z-Score for today is calculated with this formula:

1.2

1.4

3.3

0.6

1.0

1.2

0.2762

1.4

-0.0006

3.3

0.0437

0.6

2.3012

1.0

0.5186

2.37

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was R$4,418 Mil.
Total Current Assets was R$1,758 Mil.
Total Current Liabilities was R$538 Mil.
Retained Earnings was R$-3 Mil.
Pre-Tax Income was 4.529 + 43.637 + 59.431 + 29.95 = R$138 Mil.
Interest Expense was -7.467 + -7.017 + -13.853 + -27.131 = R$-55 Mil.
Revenue was 506.372 + 602.596 + 542.568 + 639.441 = R$2,291 Mil.
Market Cap (Today) was R$2,610 Mil.
Total Liabilities was R$1,134 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
	=	(1758.035 - 537.768)	/	4417.895
	=	0.2762

X2	=	Retained Earnings	/	Total Assets
	=	-2.521	/	4417.895
	=	-0.0006

X3	=	Earnings Before Interest and Taxes	/	Total Assets
	=	(Pre-Tax Income - Interest Expense)	/	Total Assets
	=	(137.547 - -55.468)	/	4417.895
	=	0.0437

X4	=	Market Value Equity	/	Book Value of Total Liabilities
	=	Market Cap	/	Total Liabilities
	=	2610.204	/	1134.303
	=	2.3012

X5	=	Revenue	/	Total Assets
	=	2290.977	/	4417.895
	=	0.5186

The zones of discrimination were as such:

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

CIA de Ferro Ligas da Bahia - Ferbasa has a Altman Z-Score of 2.37 indicating it is in Grey 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 2.37 mean?

CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA4) has a Altman Z-Score of 2.37 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on CIA de Ferro Ligas da Bahia - Ferbasa and its competitors. This is 37% below median its historical median of 3.76. Over the past decade, CIA de Ferro Ligas da Bahia - Ferbasa's Altman Z-Score has ranged from 1.75 to 5.78. According to the industry distribution chart, CIA de Ferro Ligas da Bahia - Ferbasa ranks #321 out of 615 companies in the Steel industry, placing it in the top 52.2%.

Is CIA de Ferro Ligas da Bahia - Ferbasa's Altman Z-Score too high?

CIA de Ferro Ligas da Bahia - Ferbasa's current Altman Z-Score of 2.37 is 37% below median its 10-year median of 3.76. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 5.78. The Steel industry median Altman Z-Score is 2.47. CIA de Ferro Ligas da Bahia - Ferbasa's value of 2.37 is 4% below this industry median. Based on the distribution chart, CIA de Ferro Ligas da Bahia - Ferbasa ranks #321 out of 615 companies in the Steel industry, which is below the industry midpoint. Overall, CIA de Ferro Ligas da Bahia - Ferbasa has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does CIA de Ferro Ligas da Bahia - Ferbasa's Altman Z-Score compare to NUE and STLD?

According to the Steel industry distribution chart, CIA de Ferro Ligas da Bahia - Ferbasa ranks #321 out of 615 companies for Altman Z-Score. This places CIA de Ferro Ligas da Bahia - Ferbasa in the lower half of its industry. The industry median Altman Z-Score is 2.47. CIA de Ferro Ligas da Bahia - Ferbasa's value of 2.37 is 4% below this benchmark. Historically, CIA de Ferro Ligas da Bahia - Ferbasa's own Altman Z-Score has ranged from 1.75 to 5.78 over the past decade. While the company's 10-year median is 3.76 vs. the industry median of 2.47, CIA de Ferro Ligas da Bahia - Ferbasa 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 Steel company?

The median Altman Z-Score among Steel companies is 2.47, based on 615 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. CIA de Ferro Ligas da Bahia - Ferbasa's current Altman Z-Score of 2.37 is 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 CIA de Ferro Ligas da Bahia - Ferbasa 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. CIA de Ferro Ligas da Bahia - Ferbasa's current Altman Z-Score is 2.37, which is 37% below median its own 10-year median of 3.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is CIA de Ferro Ligas da Bahia - Ferbasa stock overvalued right now?

Based on GuruFocus' analysis, CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA4) is currently considered Modestly Undervalued. The stock's GF Value™ is R$8.52, compared to a current price of R$6.03 — trading 29.2% below its estimated fair value. The current Altman Z-Score is 2.37, which is 37% below median its 10-year median of 3.76 and 4% below the Steel industry median of 2.47. CIA de Ferro Ligas da Bahia - Ferbasa's overall GF Score™ is 67/100 with 8 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 CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA4), the current Altman Z-Score is 2.37 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.

Is CIA de Ferro Ligas da Bahia - Ferbasa (BSP:FESA4) Overvalued in 2026?

Based on GuruFocus' analysis, CIA de Ferro Ligas da Bahia - Ferbasa stock appears to be undervalued. The current stock price of R$6.03 is trading 29.2% below its estimated GF Value™ of R$8.52. GuruFocus considers CIA de Ferro Ligas da Bahia - Ferbasa to be Modestly Undervalued.

Key valuation signals for BSP:FESA4:

Altman Z-Score: 2.37 (37% below median its 10-year median of 3.76)
GF Value™: R$8.52 vs. price of R$6.03 (29.2% below fair value)
GF Score™: 67/100 with 8 warning signs
Industry Position: 4% below the Steel median (#321 of 615)

No single metric tells the full story. See the BSP:FESA4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CIA de Ferro Ligas da Bahia - Ferbasa Business Description

Industry Basic Materials Steel

Comparable Companies BSP:PATI3 BSP:TKNO3 BSP:CSNA3 BSP:GOAU3 BSP:USIM3 NUE XAMS:MT STLD BOM:500228 NSE:TATASTEEL XKRX:005490 RS SHSE:600019 TSE:5401 SHSE:600010 BOM:532286 BOM:512455 SZSE:000708 OSTO:SSAB A ASX:BSL

Other Exchanges FESA3:Brazil

Address Estrada de Santiago s/n, Pojuca, BA, BRA, 48120000

Website http://www.ferbasa.com.br

CIA de Ferro Ligas da Bahia - Ferbasa produces ferroalloys, including chromium alloys and silicon ferroalloys. It operates in the areas of mining, reforestation, and metallurgy, offering high-carbon ferrochrome, low-carbon ferrochrome, and ferrosilicon. It also engages in the mining, forestry, metallurgy businesses.

67GF Score

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

R$6.03

Price

R$8.52

GF Value

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