Moura Dubeux Engenharia (BSP:MDNE3) Altman Z-Score: 1.65 (As of Jul. 15, 2026) — 85% Above Median

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BSP:MDNE3 Moura Dubeux Engenharia SA BSP:MDNE3
85 GF Score
Price R$26.80
GF Value R$26.99
Valuation Fairly Valued
! 4 Warning Signs
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What is Moura Dubeux Engenharia Altman Z-Score?

Moura Dubeux Engenharia BSP:MDNE3 +2.41% 85 Altman Z-Score is 1.65 as of Jul. 15, 2026, which is 85% above its 10-year median of 0.89. GuruFocus rates BSP:MDNE3 with a GF Score™ of 85/100 and a GF Value™ of R$26.99 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,731 Real Estate companies, Moura Dubeux Engenharia ranks better than 61.47% 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 1.66 is in distress zone. This implies bankruptcy possibility in the next two years.

Moura Dubeux Engenharia has a Altman Z-Score of 1.65, 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 Moura Dubeux Engenharia's Altman Z-Score or its related term are showing as below:

BSP:MDNE3' s Altman Z-Score Range Over the Past 10 Years
Min: 0.38   Med: 0.89   Max: 1.73
Current: 1.66

During the past 10 years, Moura Dubeux Engenharia's highest Altman Z-Score was 1.73. The lowest was 0.38. And the median was 0.89.


Moura Dubeux Engenharia  (BSP:MDNE3) 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.


Moura Dubeux Engenharia Altman Z-Score Related Terms


Moura Dubeux Engenharia Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Moura Dubeux Engenharia'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.

Moura Dubeux Engenharia Altman Z-Score Chart

Moura Dubeux Engenharia 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 0.63 0.82 1.11 1.18 1.46

Moura Dubeux Engenharia 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 1.36 1.58 1.54 1.46 1.73

BSP:MDNE3 vs CBRE, BEKE, JLL: Altman Z-Score Comparison

For the Real Estate Services subindustry, Moura Dubeux Engenharia'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.


Moura Dubeux Engenharia Altman Z-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Moura Dubeux Engenharia's Altman Z-Score distribution charts can be found below:

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


BSP:MDNE3
85GF Score
Moura Dubeux Engenharia SA BSP:MDNE3
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Moura Dubeux Engenharia 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.

Moura Dubeux Engenharia'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*0.3562+1.4*0.0253+3.3*0.1105+0.6*0.6855+1.0*0.4128
=1.65

* 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 R$6,168 Mil.
Total Current Assets was R$3,429 Mil.
Total Current Liabilities was R$1,233 Mil.
Retained Earnings was R$156 Mil.
Pre-Tax Income was 173.266 + 131.476 + 132.304 + 136.697 = R$574 Mil.
Interest Expense was -21.03 + -60.072 + -16.533 + -10.256 = R$-108 Mil.
Revenue was 627.832 + 704.682 + 548.349 + 664.934 = R$2,546 Mil.
Market Cap (Today) was R$2,780 Mil.
Total Liabilities was R$4,054 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
=(3429.338 - 1232.585)/6167.705
=0.3562

X2=Retained Earnings/Total Assets
=156.108/6167.705
=0.0253

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(573.743 - -107.891)/6167.705
=0.1105

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2779.518/4054.499
=0.6855

X5=Revenue/Total Assets
=2545.797/6167.705
=0.4128

The zones of discrimination were as such:

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

Moura Dubeux Engenharia has a Altman Z-Score of 1.65 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 1.65 mean?
Moura Dubeux Engenharia (BSP:MDNE3) has a Altman Z-Score of 1.65 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Moura Dubeux Engenharia and its competitors. This is 85% above median its historical median of 0.89. Over the past decade, Moura Dubeux Engenharia's Altman Z-Score has ranged from 0.38 to 1.73. According to the industry distribution chart, Moura Dubeux Engenharia ranks #667 out of 1731 companies in the Real Estate industry, placing it in the top 38.5%.
Is Moura Dubeux Engenharia's Altman Z-Score too high?
Moura Dubeux Engenharia's current Altman Z-Score of 1.65 is 85% above median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 1.73. The Real Estate industry median Altman Z-Score is 1.31. Moura Dubeux Engenharia's value of 1.65 is 26% above this industry median. Based on the distribution chart, Moura Dubeux Engenharia ranks #667 out of 1731 companies in the Real Estate industry, which is above the industry midpoint. Overall, Moura Dubeux Engenharia has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Moura Dubeux Engenharia's Altman Z-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Moura Dubeux Engenharia ranks #667 out of 1731 companies for Altman Z-Score. This puts Moura Dubeux Engenharia in the upper half of its industry. The industry median Altman Z-Score is 1.31. Moura Dubeux Engenharia's value of 1.65 is 26% above this benchmark. Historically, Moura Dubeux Engenharia's own Altman Z-Score has ranged from 0.38 to 1.73 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 1.31, Moura Dubeux Engenharia 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.31, based on 1,731 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. Moura Dubeux Engenharia's current Altman Z-Score of 1.65 is 26% 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 Moura Dubeux Engenharia and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Moura Dubeux Engenharia's current Altman Z-Score is 1.65, which is 85% above median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moura Dubeux Engenharia stock overvalued right now?
Based on GuruFocus' analysis, Moura Dubeux Engenharia (BSP:MDNE3) is currently considered Fairly Valued. The stock's GF Value™ is R$26.99, compared to a current price of R$26.80 — trading 0.7% below its estimated fair value. The current Altman Z-Score is 1.65, which is 85% above median its 10-year median of 0.89 and 26% above the Real Estate industry median of 1.31. Moura Dubeux Engenharia's overall GF Score™ is 85/100 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 Moura Dubeux Engenharia (BSP:MDNE3), the current Altman Z-Score is 1.65 as of Jul. 15, 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 Moura Dubeux Engenharia (BSP:MDNE3) Overvalued in 2026?

Based on GuruFocus' analysis, Moura Dubeux Engenharia stock appears to be undervalued. The current stock price of R$26.80 is trading 0.7% below its estimated GF Value™ of R$26.99. GuruFocus considers Moura Dubeux Engenharia to be Fairly Valued.

Key valuation signals for BSP:MDNE3:

  • Altman Z-Score: 1.65 (85% above median its 10-year median of 0.89)
  • GF Value™: R$26.99 vs. price of R$26.80 (0.7% below fair value)
  • GF Score™: 85/100 with 4 warning signs
  • Industry Position: 26% above the Real Estate median (#667 of 1731)

No single metric tells the full story. See the BSP:MDNE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Moura Dubeux Engenharia Business Description

Address Avenida Engenheiro Domingos Ferreira, no 467, 13th floor part, Pina, Recife, PE, BRA, 51011-050
Moura Dubeux Engenharia SA is a real estate developer and builder. The company has two operating segments which include Development and Construction administration services.
85GF Score

Get the complete analysis for BSP:MDNE3

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

R$26.80
Price
R$26.99
GF Value