ModernaCHIX:0QFD 58 Altman Z-Score is 4.36 as of Jun. 28, 2026, which is 39% below its 10-year median of 7.18. GuruFocus rates CHIX:0QFD with a GF Score™ of 58/100 and a GF Value™ of €14.56. The stock has 7 warning signs investors should review. Among 934 Biotechnology companies, Moderna ranks better than 57.71% 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 4.29 is strong.
Moderna has a Altman Z-Score of 4.36, 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 Moderna's Altman Z-Score or its related term are showing as below:
CHIX:0QFd'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.57 Med: 7.18 Max: 27.87
Current: 4.29
During the past 10 years, Moderna's highest Altman Z-Score was 27.87. The lowest was -0.57. And the median was 7.18.
Moderna (CHIX:0QFd) 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.
Altman Z-Score does not apply to financial companies.
Moderna Altman Z-Score Related Terms
Moderna Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Moderna'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.
CHIX:0QFD vs INCY, ROIV, JAZZ: Altman Z-Score Comparison
For the Biotechnology subindustry, Moderna'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.
Moderna Altman Z-Score vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Moderna's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Moderna'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.
Moderna'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
*
0.2938
+
1.4
*
0.5118
+
3.3
*
-0.2699
+
0.6
*
6.657
+
1.0
*
0.1898
=
4.36
* 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.
Moderna (CHIX:0QFD) has a Altman Z-Score of 4.36 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Moderna and its competitors. This is 39% below median its historical median of 7.18. According to the industry distribution chart, Moderna ranks #395 out of 934 companies in the Biotechnology industry, placing it in the top 42.3%.
Is Moderna's Altman Z-Score too high?
Moderna's current Altman Z-Score of 4.36 is 39% below median its 10-year median of 7.18. The Biotechnology industry median Altman Z-Score is 2.63. Moderna's value of 4.36 is 66.1% above this industry median. Based on the distribution chart, Moderna ranks #395 out of 934 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Moderna has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Moderna's Altman Z-Score compare to INCY and ROIV?
According to the Biotechnology industry distribution chart, Moderna ranks #395 out of 934 companies for Altman Z-Score. This puts Moderna in the upper half of its industry. The industry median Altman Z-Score is 2.63. Moderna's value of 4.36 is 66.1% above this benchmark. While the company's 10-year median is 7.18 vs. the industry median of 2.63, Moderna 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 Biotechnology company?
The median Altman Z-Score among Biotechnology companies is 2.63, based on 934 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. Moderna's current Altman Z-Score of 4.36 is 66.1% 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 Moderna and its competitors. For the Biotechnology industry, the median Altman Z-Score is 2.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Moderna's current Altman Z-Score is 4.36, which is 39% below median its own 10-year median of 7.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moderna stock overvalued right now?
Moderna (CHIX:0QFD) has a current Altman Z-Score of 4.36. The stock's GF Value™ is €14.56, compared to a current price of €42.71 — trading 193.3% above its estimated fair value. The current Altman Z-Score is 4.36, which is 39% below median its 10-year median of 7.18 and 66.1% above the Biotechnology industry median of 2.63. Moderna's overall GF Score™ is 58/100 with 7 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 Moderna (CHIX:0QFD), the current Altman Z-Score is 4.36 as of Jun. 28, 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 Moderna (CHIX:0QFD) Overvalued in 2026?
Based on GuruFocus' analysis, Moderna stock appears to be overvalued.
The current stock price of €42.71 is trading 193.3% above its estimated GF Value™ of €14.56.
Key valuation signals for CHIX:0QFD:
Altman Z-Score: 4.36 (39% below median its 10-year median of 7.18)
GF Value™: €14.56 vs. price of €42.71 (193.3% above fair value)
Industry Position: 66.1% above the Biotechnology median (#395 of 934)
No single metric tells the full story. See the CHIX:0QFD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Moderna is a commercial-stage biotech that was founded in 2010 and had its initial public offering in December 2018. The firm's mRNA technology was rapidly validated with its covid vaccine, which was authorized in the United States in December 2020. Moderna had 35 mRNA development candidates in clinical studies as of August 2025. Programs span a wide range of therapeutic areas, including infectious disease, oncology, cardiovascular disease, and rare genetic diseases.
58GF Score
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