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 2.17 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.
Cracker Barrel Old Country Store has a Altman Z-Score of 2.18, indicating it is in Grey Zones. This implies that Cracker Barrel Old Country Store 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 Cracker Barrel Old Country Store's Altman Z-Score or its related term are showing as below:
CBRL'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.93 Med: 2.78 Max: 5.75
Current: 2.17
During the past 13 years, Cracker Barrel Old Country Store's highest Altman Z-Score was 5.75. The lowest was 1.93. And the median was 2.78.
Cracker Barrel Old Country Store (NAS:CBRL) 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.
* 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.
Cracker Barrel Old Country Store Altman Z-Score Chart
CBRL vs BLMN, FWRG, KRUS: Altman Z-Score Comparison
For the Restaurants subindustry, Cracker Barrel Old Country Store'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.
Cracker Barrel Old Country Store Altman Z-Score vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Cracker Barrel Old Country Store's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Cracker Barrel Old Country Store's Altman Z-Score falls into.
Cracker Barrel Old Country Store 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.
* 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.
Cracker Barrel Old Country Store (CBRL) has a Altman Z-Score of 2.18 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Cracker Barrel Old Country Store and its competitors. This is 22% below median its historical median of 2.78. Over the past decade, Cracker Barrel Old Country Store's Altman Z-Score has ranged from 1.93 to 5.75. According to the industry distribution chart, Cracker Barrel Old Country Store ranks #186 out of 360 companies in the Restaurants industry, placing it in the top 51.7%.
Is Cracker Barrel Old Country Store's Altman Z-Score too high?
Cracker Barrel Old Country Store's current Altman Z-Score of 2.18 is 22% below median its 10-year median of 2.78. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 5.75. The Restaurants industry median Altman Z-Score is 2.23. Cracker Barrel Old Country Store's value of 2.18 is 2% below this industry median. Based on the distribution chart, Cracker Barrel Old Country Store ranks #186 out of 360 companies in the Restaurants industry, which is below the industry midpoint. Overall, Cracker Barrel Old Country Store has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cracker Barrel Old Country Store's Altman Z-Score compare to BLMN and FWRG?
According to the Restaurants industry distribution chart, Cracker Barrel Old Country Store ranks #186 out of 360 companies for Altman Z-Score. This places Cracker Barrel Old Country Store in the lower half of its industry. The industry median Altman Z-Score is 2.23. Cracker Barrel Old Country Store's value of 2.18 is 2% below this benchmark. Historically, Cracker Barrel Old Country Store's own Altman Z-Score has ranged from 1.93 to 5.75 over the past decade. While the company's 10-year median is 2.78 vs. the industry median of 2.23, Cracker Barrel Old Country Store 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 Restaurants company?
The median Altman Z-Score among Restaurants companies is 2.23, based on 360 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. Cracker Barrel Old Country Store's current Altman Z-Score of 2.18 is 2% 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 Cracker Barrel Old Country Store and its competitors. For the Restaurants industry, the median Altman Z-Score is 2.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cracker Barrel Old Country Store's current Altman Z-Score is 2.18, which is 22% below median its own 10-year median of 2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cracker Barrel Old Country Store stock overvalued right now?
Based on GuruFocus' analysis, Cracker Barrel Old Country Store (CBRL) is currently considered Fairly Valued. The stock's GF Value™ is $46.84, compared to a current price of $48.38 — trading 3.3% above its estimated fair value. The current Altman Z-Score is 2.18, which is 22% below median its 10-year median of 2.78 and 2% below the Restaurants industry median of 2.23. Cracker Barrel Old Country Store's overall GF Score™ is 64/100 with 9 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 Cracker Barrel Old Country Store (CBRL), the current Altman Z-Score is 2.18 as of Jun. 24, 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 Cracker Barrel Old Country Store (CBRL) Overvalued in 2026?
Based on GuruFocus' analysis, Cracker Barrel Old Country Store stock appears to be overvalued.
The current stock price of $48.38 is trading 3.3% above its estimated GF Value™ of $46.84.
GuruFocus considers Cracker Barrel Old Country Store to be Fairly Valued.
Key valuation signals for CBRL:
Altman Z-Score: 2.18 (22% below median its 10-year median of 2.78)
GF Value™: $46.84 vs. price of $48.38 (3.3% above fair value)
Industry Position: 2% below the Restaurants median (#186 of 360)
No single metric tells the full story. See the CBRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cracker Barrel Old Country Store Business Description
Cracker Barrel Old Country Store Inc operates hundreds of full-service restaurants throughout the United States. The Cracker Barrel stores consists of a restaurant with a gift shop. The restaurants serve breakfast, lunch and dinner. The gift shop offers a variety of decorative and functional items specializing in rocking chairs, holiday gifts, toys, apparel and foods.
64GF Score
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