CPHRF (Cipher Pharmaceuticals) Altman Z-Score: 10.37 (As of Jun. 28, 2026) — 174% Above Median


CPHRF Cipher Pharmaceuticals Inc CPHRF
96 GF Score
Price $11.77
GF Value $12.21
Valuation Fairly Valued
! 5 Warning Signs
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What is Cipher Pharmaceuticals Altman Z-Score?

Cipher Pharmaceuticals CPHRF 96 Altman Z-Score is 10.37 as of Jun. 28, 2026, which is 174% above its 10-year median of 3.78. GuruFocus rates CPHRF with a GF Score™ of 96/100 and a GF Value™ of $12.21 (Fairly Valued). The stock has 5 warning signs investors should review. Among 949 Drug Manufacturers companies, Cipher Pharmaceuticals ranks better than 87.25% 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 10.67 is strong.

Cipher Pharmaceuticals has a Altman Z-Score of 10.37, 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 Cipher Pharmaceuticals's Altman Z-Score or its related term are showing as below:

CPHRF' s Altman Z-Score Range Over the Past 10 Years
Min: 1.6   Med: 3.78   Max: 19.33
Current: 10.67

During the past 13 years, Cipher Pharmaceuticals's highest Altman Z-Score was 19.33. The lowest was 1.60. And the median was 3.78.


Cipher Pharmaceuticals  (OTCPK:CPHRF) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Cipher Pharmaceuticals Altman Z-Score Related Terms


Cipher Pharmaceuticals Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Cipher Pharmaceuticals'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.

Cipher Pharmaceuticals Altman Z-Score Chart

Cipher Pharmaceuticals Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.88 6.57 13.20 3.64 7.10

Cipher Pharmaceuticals Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.51 4.61 6.55 7.10 11.67

CPHRF vs ZTS: Altman Z-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Cipher Pharmaceuticals'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.


Cipher Pharmaceuticals Altman Z-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Cipher Pharmaceuticals's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Cipher Pharmaceuticals's Altman Z-Score falls into.


CPHRF
96GF Score
Cipher Pharmaceuticals Inc CPHRF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Cipher Pharmaceuticals 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.

Cipher Pharmaceuticals'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*0.0335+1.4*0.6934+3.3*0.1368+0.6*14.2888+1.0*0.3323
=10.37

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was $153.28 Mil.
Total Current Assets was $25.50 Mil.
Total Current Liabilities was $20.37 Mil.
Retained Earnings was $106.28 Mil.
Pre-Tax Income was 4.949 + 4.613 + 4.258 + 6.405 = $20.23 Mil.
Interest Expense was -0.051 + -0.109 + -0.241 + -0.345 = $-0.75 Mil.
Revenue was 12.505 + 12.218 + 12.833 + 13.381 = $50.94 Mil.
Market Cap (Today) was $293.39 Mil.
Total Liabilities was $20.53 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(25.499 - 20.368)/153.279
=0.0335

X2=Retained Earnings/Total Assets
=106.276/153.279
=0.6934

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(20.225 - -0.746)/153.279
=0.1368

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=293.391/20.533
=14.2888

X5=Revenue/Total Assets
=50.937/153.279
=0.3323

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Cipher Pharmaceuticals has a Altman Z-Score of 10.37 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 10.37 mean?
Cipher Pharmaceuticals (CPHRF) has a Altman Z-Score of 10.37 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Cipher Pharmaceuticals and its competitors. This is 174% above median its historical median of 3.78. Over the past decade, Cipher Pharmaceuticals' Altman Z-Score has ranged from 1.60 to 19.33. According to the industry distribution chart, Cipher Pharmaceuticals ranks #121 out of 949 companies in the Drug Manufacturers industry, placing it in the top 12.8%.
Is Cipher Pharmaceuticals' Altman Z-Score too high?
Cipher Pharmaceuticals' current Altman Z-Score of 10.37 is 174% above median its 10-year median of 3.78. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 19.33. The Drug Manufacturers industry median Altman Z-Score is 3.20. Cipher Pharmaceuticals' value of 10.37 is 224.1% above this industry median. Based on the distribution chart, Cipher Pharmaceuticals ranks #121 out of 949 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Cipher Pharmaceuticals has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cipher Pharmaceuticals' Altman Z-Score compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Cipher Pharmaceuticals ranks #121 out of 949 companies for Altman Z-Score. This places Cipher Pharmaceuticals in the top 13% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.20. Cipher Pharmaceuticals' value of 10.37 is 224.1% above this benchmark. Historically, Cipher Pharmaceuticals' own Altman Z-Score has ranged from 1.60 to 19.33 over the past decade. While the company's 10-year median is 3.78 vs. the industry median of 3.20, Cipher Pharmaceuticals 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 Drug Manufacturers company?
The median Altman Z-Score among Drug Manufacturers companies is 3.20, based on 949 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. Cipher Pharmaceuticals's current Altman Z-Score of 10.37 is 224.1% 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 Cipher Pharmaceuticals and its competitors. For the Drug Manufacturers industry, the median Altman Z-Score is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cipher Pharmaceuticals's current Altman Z-Score is 10.37, which is 174% above median its own 10-year median of 3.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cipher Pharmaceuticals stock overvalued right now?
Based on GuruFocus' analysis, Cipher Pharmaceuticals (CPHRF) is currently considered Fairly Valued. The stock's GF Value™ is $12.21, compared to a current price of $11.77 — trading 3.6% below its estimated fair value. The current Altman Z-Score is 10.37, which is 174% above median its 10-year median of 3.78 and 224.1% above the Drug Manufacturers industry median of 3.20. Cipher Pharmaceuticals' overall GF Score™ is 96/100 with 5 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 Cipher Pharmaceuticals (CPHRF), the current Altman Z-Score is 10.37 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 Cipher Pharmaceuticals (CPHRF) Overvalued in 2026?

Based on GuruFocus' analysis, Cipher Pharmaceuticals stock appears to be undervalued. The current stock price of $11.77 is trading 3.6% below its estimated GF Value™ of $12.21. GuruFocus considers Cipher Pharmaceuticals to be Fairly Valued.

Key valuation signals for CPHRF:

  • Altman Z-Score: 10.37 (174% above median its 10-year median of 3.78)
  • GF Value™: $12.21 vs. price of $11.77 (3.6% below fair value)
  • GF Score™: 96/100 with 5 warning signs
  • Industry Position: 224.1% above the Drug Manufacturers median (#121 of 949)

No single metric tells the full story. See the CPHRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cipher Pharmaceuticals Business Description

Other Exchanges PHE:GermanyCPH:Canada
Address 5750 Explorer Drive, Suite 404, Mississauga, ON, CAN, L4W 0A9
Cipher Pharmaceuticals Inc is a specialty pharmaceutical company with a diversified portfolio of commercial and early to late-stage products. The Company is building its business through product acquisitions, out-licensing, and in-licensing arrangements. Its products include Dermatology Products, Hospital Acute Care Products, specialty medicines, and Out-Licensed Products, among others. The company's geographical operational areas include Canada and the United States.
96GF Score

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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$11.77
Price
$12.21
GF Value