DFIN (Donnelley Financial Solutions) Altman Z-Score: 3.53 (As of Jun. 26, 2026) — 33% Above Median


DFIN Donnelley Financial Solutions Inc DFIN
60 GF Score
Price $39.60
GF Value $61.04
Valuation Significantly Undervalued
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What is Donnelley Financial Solutions Altman Z-Score?

Donnelley Financial Solutions DFIN -3.08% 60 Altman Z-Score is 3.53 as of Jun. 26, 2026, which is 33% above its 10-year median of 2.65. GuruFocus rates DFIN with a GF Score™ of 60/100 and a GF Value™ of $61.04 (Significantly Undervalued). Among 2,765 Software companies, Donnelley Financial Solutions ranks better than 55.48% 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 3.57 is strong.

Donnelley Financial Solutions has a Altman Z-Score of 3.53, 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 Donnelley Financial Solutions's Altman Z-Score or its related term are showing as below:

DFIN' s Altman Z-Score Range Over the Past 10 Years
Min: 1.71   Med: 2.65   Max: 5.27
Current: 3.57

During the past 13 years, Donnelley Financial Solutions's highest Altman Z-Score was 5.27. The lowest was 1.71. And the median was 2.65.


Donnelley Financial Solutions  (NYSE:DFIN) 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.


Donnelley Financial Solutions Altman Z-Score Related Terms


Donnelley Financial Solutions Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Donnelley Financial Solutions'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.

Donnelley Financial Solutions Altman Z-Score Chart

Donnelley Financial Solutions 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 4.20 3.55 4.94 5.03 3.89

Donnelley Financial Solutions 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 4.15 4.68 4.24 3.89 3.80

DFIN vs GTM, AMPL, APPS: Altman Z-Score Comparison

For the Software - Application subindustry, Donnelley Financial Solutions'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.


Donnelley Financial Solutions Altman Z-Score vs Software Industry

For the Software industry and Technology sector, Donnelley Financial Solutions's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Donnelley Financial Solutions's Altman Z-Score falls into.


DFIN
60GF Score
Donnelley Financial Solutions Inc DFIN
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Donnelley Financial Solutions 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.

Donnelley Financial Solutions'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*0.0898+1.4*0.7069+3.3*0.0714+0.6*2.1317+1.0*0.9175
=3.53

* 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 $840.8 Mil.
Total Current Assets was $261.1 Mil.
Total Current Liabilities was $185.6 Mil.
Retained Earnings was $594.4 Mil.
Pre-Tax Income was 45.4 + 10.1 + -57.9 + 48.7 = $46.3 Mil.
Interest Expense was -3 + -3.4 + -3.2 + -4.1 = $-13.7 Mil.
Revenue was 205.5 + 172.5 + 175.3 + 218.1 = $771.4 Mil.
Market Cap (Today) was $989.3 Mil.
Total Liabilities was $464.1 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
=(261.1 - 185.6)/840.8
=0.0898

X2=Retained Earnings/Total Assets
=594.4/840.8
=0.7069

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(46.3 - -13.7)/840.8
=0.0714

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=989.302/464.1
=2.1317

X5=Revenue/Total Assets
=771.4/840.8
=0.9175

The zones of discrimination were as such:

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

Donnelley Financial Solutions has a Altman Z-Score of 3.53 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 3.53 mean?
Donnelley Financial Solutions (DFIN) has a Altman Z-Score of 3.53 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Donnelley Financial Solutions and its competitors. This is 33% above median its historical median of 2.65. Over the past decade, Donnelley Financial Solutions' Altman Z-Score has ranged from 1.71 to 5.27. According to the industry distribution chart, Donnelley Financial Solutions ranks #1231 out of 2765 companies in the Software industry, placing it in the top 44.5%.
Is Donnelley Financial Solutions' Altman Z-Score too high?
Donnelley Financial Solutions' current Altman Z-Score of 3.53 is 33% above median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 1.71 to a high of 5.27. The Software industry median Altman Z-Score is 3.13. Donnelley Financial Solutions' value of 3.53 is 12.8% above this industry median. Based on the distribution chart, Donnelley Financial Solutions ranks #1231 out of 2765 companies in the Software industry, which is above the industry midpoint. Overall, Donnelley Financial Solutions has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Donnelley Financial Solutions' Altman Z-Score compare to GTM and AMPL?
According to the Software industry distribution chart, Donnelley Financial Solutions ranks #1231 out of 2765 companies for Altman Z-Score. This puts Donnelley Financial Solutions in the upper half of its industry. The industry median Altman Z-Score is 3.13. Donnelley Financial Solutions' value of 3.53 is 12.8% above this benchmark. Historically, Donnelley Financial Solutions' own Altman Z-Score has ranged from 1.71 to 5.27 over the past decade. While the company's 10-year median is 2.65 vs. the industry median of 3.13, Donnelley Financial Solutions 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 Software company?
The median Altman Z-Score among Software companies is 3.13, based on 2,765 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. Donnelley Financial Solutions's current Altman Z-Score of 3.53 is 12.8% 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 Donnelley Financial Solutions and its competitors. For the Software industry, the median Altman Z-Score is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Donnelley Financial Solutions's current Altman Z-Score is 3.53, which is 33% above median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Donnelley Financial Solutions stock overvalued right now?
Based on GuruFocus' analysis, Donnelley Financial Solutions (DFIN) is currently considered Significantly Undervalued. The stock's GF Value™ is $61.04, compared to a current price of $39.60 — trading 35.1% below its estimated fair value. The current Altman Z-Score is 3.53, which is 33% above median its 10-year median of 2.65 and 12.8% above the Software industry median of 3.13. Donnelley Financial Solutions' overall GF Score™ is 60/100. 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 Donnelley Financial Solutions (DFIN), the current Altman Z-Score is 3.53 as of Jun. 26, 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 Donnelley Financial Solutions (DFIN) Overvalued in 2026?

Based on GuruFocus' analysis, Donnelley Financial Solutions stock appears to be undervalued. The current stock price of $39.60 is trading 35.1% below its estimated GF Value™ of $61.04. GuruFocus considers Donnelley Financial Solutions to be Significantly Undervalued.

Key valuation signals for DFIN:

  • Altman Z-Score: 3.53 (33% above median its 10-year median of 2.65)
  • GF Value™: $61.04 vs. price of $39.60 (35.1% below fair value)
  • GF Score™: 60/100
  • Industry Position: 12.8% above the Software median (#1231 of 2765)

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


Donnelley Financial Solutions Business Description

Other Exchanges 1DN:Germany
Address 391 Steel Way, Lancaster, PA, USA, 17601
Donnelley Financial Solutions Inc is a risk and compliance software solutions and related services provider. The company provides regulatory filing and deal solutions via its software-as-a-service, technology-enabled services, and print and distribution solutions to public and private companies, mutual funds, and other regulated investment firms. It operates in four reportable segments: Capital Markets - Software Solutions, Capital Markets - Compliance and Communications Management (its key revenue-generating segment), Investment Companies - Software Solutions, and Investment Companies - Compliance and Communications Management. Its geographical segments are the United States (USA), Europe, Asia, Canada, and Others, of which the USA accounts for the vast majority of its total revenue.
60GF Score

Get the complete analysis for DFIN

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

$39.60
Price
$61.04
GF Value