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.
BRL Trust DTVM has a Altman Z-Score of 3.42, 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 BRL Trust DTVM's Altman Z-Score or its related term are showing as below:
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.
BRL Trust DTVM Altman Z-Score Related Terms
BRL Trust DTVM Altman Z-Score Historical Data
* Premium members only.
The historical data trend for BRL Trust DTVM'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.
BSP:RECT11 vs BLK, BX, KKR: Altman Z-Score Comparison
For the Asset Management subindustry, BRL Trust DTVM'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.
BRL Trust DTVM Altman Z-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BRL Trust DTVM's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where BRL Trust DTVM'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.
BRL Trust DTVM'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
*
0.0987
+
1.4
*
0
+
3.3
*
0.4988
+
0.6
*
0.4407
+
1.0
*
1.3949
=
3.42
* 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.
BRL Trust DTVM (BSP:RECT11) has a Altman Z-Score of 3.42 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on BRL Trust DTVM and its competitors.
Is BRL Trust DTVM's Altman Z-Score too high?
BRL Trust DTVM's current Altman Z-Score is 3.42. The Asset Management industry median Altman Z-Score is 3.50. BRL Trust DTVM's value of 3.42 is 2.1% below this industry median. Overall, BRL Trust DTVM has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does BRL Trust DTVM's Altman Z-Score compare to BLK and BX?
BRL Trust DTVM's Altman Z-Score of 3.42 can be compared against companies in the Asset Management industry. The industry median Altman Z-Score is 3.50. BRL Trust DTVM's value of 3.42 is 2.1% below this benchmark. 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 an Asset Management company?
The median Altman Z-Score among Asset Management companies is 3.50, based on 648 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. BRL Trust DTVM's current Altman Z-Score of 3.42 is 2.1% 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 BRL Trust DTVM and its competitors. For the Asset Management industry, the median Altman Z-Score is 3.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BRL Trust DTVM's current Altman Z-Score is 3.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BRL Trust DTVM stock overvalued right now?
BRL Trust DTVM (BSP:RECT11) has a current Altman Z-Score of 3.42. The current Altman Z-Score is 3.42 and 2.1% below the Asset Management industry median of 3.50. BRL Trust DTVM's overall GF Score™ is 84/100. 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 BRL Trust DTVM (BSP:RECT11), the current Altman Z-Score is 3.42 as of Jun. 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.
BRL Trust DTVM SA is a Brazil-based investment company. Its products include Fund Administration, Funds Controlling, Custody of Funds and Portfolios, Resource Management, Asset Distributions and Bookkeeping Funds. The company serves large international investors such as American, European and Asian institutional investors, sovereign wealth funds, private equity firms, large conglomerates and financial institutions.
84GF Score
Get the complete analysis for BSP:RECT11
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BSP:RECT11 has been successfully added to your 
