Ashtead Technology HoldingsCHIX:ATL -0.73%63 Altman Z-Score is 3.07 as of Jul. 04, 2026, which is 17% below its 10-year median of 3.68. GuruFocus rates CHIX:ATL with a GF Score™ of 63/100 and a GF Value™ of £8.82 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 896 Oil & Gas companies, Ashtead Technology Holdings ranks better than 71.87% 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 3.18 is strong.
Ashtead Technology Holdings has a Altman Z-Score of 3.07, 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 Ashtead Technology Holdings's Altman Z-Score or its related term are showing as below:
CHIX:ATl'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.78 Med: 3.68 Max: 4.03
Current: 3.18
During the past 9 years, Ashtead Technology Holdings's highest Altman Z-Score was 4.03. The lowest was 2.78. And the median was 3.68.
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.
CHIX:ATL vs SLB, BKR, HAL: Altman Z-Score Comparison
For the Oil & Gas Equipment & Services subindustry, Ashtead Technology Holdings'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.
Ashtead Technology Holdings Altman Z-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ashtead Technology Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Ashtead Technology Holdings'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.
* 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.
Ashtead Technology Holdings (CHIX:ATL) has a Altman Z-Score of 3.07 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ashtead Technology Holdings and its competitors. This is 17% below median its historical median of 3.68. Over the past decade, Ashtead Technology Holdings' Altman Z-Score has ranged from 2.78 to 4.03. According to the industry distribution chart, Ashtead Technology Holdings ranks #252 out of 896 companies in the Oil & Gas industry, placing it in the top 28.1%.
Is Ashtead Technology Holdings' Altman Z-Score too high?
Ashtead Technology Holdings' current Altman Z-Score of 3.07 is 17% below median its 10-year median of 3.68. Over the past 10 years, this metric has ranged from a low of 2.78 to a high of 4.03. The Oil & Gas industry median Altman Z-Score is 1.89. Ashtead Technology Holdings' value of 3.07 is 62.4% above this industry median. Based on the distribution chart, Ashtead Technology Holdings ranks #252 out of 896 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Ashtead Technology Holdings has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ashtead Technology Holdings' Altman Z-Score compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Ashtead Technology Holdings ranks #252 out of 896 companies for Altman Z-Score. This puts Ashtead Technology Holdings in the upper half of its industry. The industry median Altman Z-Score is 1.89. Ashtead Technology Holdings' value of 3.07 is 62.4% above this benchmark. Historically, Ashtead Technology Holdings' own Altman Z-Score has ranged from 2.78 to 4.03 over the past decade. While the company's 10-year median is 3.68 vs. the industry median of 1.89, Ashtead Technology Holdings 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 an Oil & Gas company?
The median Altman Z-Score among Oil & Gas companies is 1.89, based on 896 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. Ashtead Technology Holdings's current Altman Z-Score of 3.07 is 62.4% 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 Ashtead Technology Holdings and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashtead Technology Holdings's current Altman Z-Score is 3.07, which is 17% below median its own 10-year median of 3.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashtead Technology Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ashtead Technology Holdings (CHIX:ATL) is currently considered Significantly Undervalued. The stock's GF Value™ is £8.82, compared to a current price of £4.11 — trading 53.5% below its estimated fair value. The current Altman Z-Score is 3.07, which is 17% below median its 10-year median of 3.68 and 62.4% above the Oil & Gas industry median of 1.89. Ashtead Technology Holdings' overall GF Score™ is 63/100 with 2 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 Ashtead Technology Holdings (CHIX:ATL), the current Altman Z-Score is 3.07 as of Jul. 04, 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 Ashtead Technology Holdings (CHIX:ATL) Overvalued in 2026?
Based on GuruFocus' analysis, Ashtead Technology Holdings stock appears to be undervalued.
The current stock price of £4.11 is trading 53.5% below its estimated GF Value™ of £8.82.
GuruFocus considers Ashtead Technology Holdings to be Significantly Undervalued.
Key valuation signals for CHIX:ATL:
Altman Z-Score: 3.07 (17% below median its 10-year median of 3.68)
GF Value™: £8.82 vs. price of £4.11 (53.5% below fair value)
Industry Position: 62.4% above the Oil & Gas median (#252 of 896)
No single metric tells the full story. See the CHIX:ATL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashtead Technology Holdings PLC is a subsea equipment rental and solutions organization supporting the installation, inspection, maintenance, repair, and decommissioning of infrastructure across the offshore energy industry. Its service offering is applicable across the lifecycle of offshore wind farms and offshore oil and gas infrastructure. The company operates in the following four geographic regions, which have been determined as the Group's reportable segments. The operations of each geographic region are similar: Europe, which generates maximum revenue, the Americas, Asia-Pacific, and the Middle East.
63GF Score
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