CCL IndustriesCCLLF -2.27%80 Altman Z-Score is 3.72 as of Jun. 24, 2026, which is 9% above its 10-year median of 3.40. GuruFocus rates CCLLF with a GF Score™ of 80/100 and a GF Value™ of $60.77 (Fairly Valued). The stock has 1 warning sign investors should review. Among 391 Packaging & Containers companies, CCL Industries ranks better than 69.57% 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.
Good Sign:
Altman Z-score of 3.75 is strong.
CCL Industries has a Altman Z-Score of 3.72, 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 CCL Industries's Altman Z-Score or its related term are showing as below:
CCLLF'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.72 Med: 3.4 Max: 3.96
Current: 3.75
During the past 13 years, CCL Industries's highest Altman Z-Score was 3.96. The lowest was 2.72. And the median was 3.40.
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.
CCL Industries Altman Z-Score Related Terms
CCL Industries Altman Z-Score Historical Data
* Premium members only.
The historical data trend for CCL Industries'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.
For the Packaging & Containers subindustry, CCL Industries'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.
CCL Industries Altman Z-Score vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, CCL Industries's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where CCL Industries'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.
CCL Industries'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
*
0.0934
+
1.4
*
0.4499
+
3.3
*
0.1142
+
0.6
*
3.1051
+
1.0
*
0.7401
=
3.72
* 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.
CCL Industries (CCLLF) has a Altman Z-Score of 3.72 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on CCL Industries and its competitors. This is near median its historical median of 3.40. Over the past decade, CCL Industries' Altman Z-Score has ranged from 2.72 to 3.96. According to the industry distribution chart, CCL Industries ranks #119 out of 391 companies in the Packaging & Containers industry, placing it in the top 30.4%.
Is CCL Industries' Altman Z-Score too high?
CCL Industries' current Altman Z-Score of 3.72 is near median its 10-year median of 3.40. Over the past 10 years, this metric has ranged from a low of 2.72 to a high of 3.96. The Packaging & Containers industry median Altman Z-Score is 2.62. CCL Industries' value of 3.72 is 42% above this industry median. Based on the distribution chart, CCL Industries ranks #119 out of 391 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, CCL Industries has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CCL Industries' Altman Z-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, CCL Industries ranks #119 out of 391 companies for Altman Z-Score. This puts CCL Industries in the upper half of its industry. The industry median Altman Z-Score is 2.62. CCL Industries' value of 3.72 is 42% above this benchmark. Historically, CCL Industries' own Altman Z-Score has ranged from 2.72 to 3.96 over the past decade. While the company's 10-year median is 3.40 vs. the industry median of 2.62, CCL Industries 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 Packaging & Containers company?
The median Altman Z-Score among Packaging & Containers companies is 2.62, based on 391 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. CCL Industries's current Altman Z-Score of 3.72 is 42% 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 CCL Industries and its competitors. For the Packaging & Containers industry, the median Altman Z-Score is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CCL Industries's current Altman Z-Score is 3.72, which is near median its own 10-year median of 3.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CCL Industries stock overvalued right now?
Based on GuruFocus' analysis, CCL Industries (CCLLF) is currently considered Fairly Valued. The stock's GF Value™ is $60.77, compared to a current price of $61.66 — trading 1.5% above its estimated fair value. The current Altman Z-Score is 3.72, which is near median its 10-year median of 3.40 and 42% above the Packaging & Containers industry median of 2.62. CCL Industries' overall GF Score™ is 80/100 with 1 warning sign 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 CCL Industries (CCLLF), the current Altman Z-Score is 3.72 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 CCL Industries (CCLLF) Overvalued in 2026?
Based on GuruFocus' analysis, CCL Industries stock appears to be overvalued.
The current stock price of $61.66 is trading 1.5% above its estimated GF Value™ of $60.77.
GuruFocus considers CCL Industries to be Fairly Valued.
Key valuation signals for CCLLF:
Altman Z-Score: 3.72 (near median its 10-year median of 3.40)
GF Value™: $60.77 vs. price of $61.66 (1.5% above fair value)
Industry Position: 42% above the Packaging & Containers median (#119 of 391)
No single metric tells the full story. See the CCLLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CCL Industries Inc manufactures and sells packaging and packaging-related products. The company operates through various segments, which include The CCL segment, which generates the majority of revenue, and sells pressure-sensitive and extruded film materials used for labels on consumer packaging, healthcare, automotive, and consumer durable products. The Avery segment sells software, labels, tags, dividers, badges, and specialty card products under the Avery brand. The Checkpoint segment includes the manufacturing and selling of technology-driven, inventory management and labeling solutions. Innovia segment manufactures specialty films. Its geographical segments include Canada; USA and Puerto Rico; Mexico, Brazil, Chile, and Argentina; Europe; and Asia, Australia, Africa, and New Zealand.
80GF Score
Get the complete analysis for CCLLF
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
CCLLF has been successfully added to your 
