ECSNF (EcoSynthetix) Altman Z-Score: 8.20 (As of Jul. 05, 2026) — 56% Below Median


ECSNF EcoSynthetix Inc ECSNF
53 GF Score
Price $2.12
GF Value $3.45
Valuation Significantly Undervalued
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What is EcoSynthetix Altman Z-Score?

EcoSynthetix ECSNF 53 Altman Z-Score is 8.20 as of Jul. 05, 2026, which is 56% below its 10-year median of 18.74. GuruFocus rates ECSNF with a GF Score™ of 53/100 and a GF Value™ of $3.45 (Significantly Undervalued). Among 1,561 Chemicals companies, EcoSynthetix ranks better than 84.3% 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 8.67 is strong.

EcoSynthetix has a Altman Z-Score of 8.20, 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 EcoSynthetix's Altman Z-Score or its related term are showing as below:

ECSNF' s Altman Z-Score Range Over the Past 10 Years
Min: 3.31   Med: 18.74   Max: 56.65
Current: 8.67

During the past 13 years, EcoSynthetix's highest Altman Z-Score was 56.65. The lowest was 3.31. And the median was 18.74.


EcoSynthetix  (OTCPK:ECSNF) 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.


EcoSynthetix Altman Z-Score Related Terms


EcoSynthetix Altman Z-Score Historical Data

* Premium members only.

The historical data trend for EcoSynthetix'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.

EcoSynthetix Altman Z-Score Chart

EcoSynthetix 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 39.54 22.10 36.74 40.91 10.88

EcoSynthetix 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 31.16 49.01 9.88 10.88 10.27

ECSNF vs LIN, SHW, ECL: Altman Z-Score Comparison

For the Specialty Chemicals subindustry, EcoSynthetix'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.


EcoSynthetix Altman Z-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, EcoSynthetix's Altman Z-Score distribution charts can be found below:

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


ECSNF
53GF Score
EcoSynthetix Inc ECSNF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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EcoSynthetix 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.

EcoSynthetix'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*0.8159+1.4*-11.0809+3.3*-0.0091+0.6*37.1267+1.0*0.4925
=8.20

* 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 $41.69 Mil.
Total Current Assets was $35.75 Mil.
Total Current Liabilities was $1.74 Mil.
Retained Earnings was $-461.94 Mil.
Pre-Tax Income was -0.592 + 0.153 + -0.091 + 0.111 = $-0.42 Mil.
Interest Expense was 0 + -0.038 + 0 + 0 = $-0.04 Mil.
Revenue was 3.774 + 5.917 + 5.834 + 5.005 = $20.53 Mil.
Market Cap (Today) was $126.01 Mil.
Total Liabilities was $3.39 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
=(35.753 - 1.738)/41.688
=0.8159

X2=Retained Earnings/Total Assets
=-461.94/41.688
=-11.0809

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.419 - -0.038)/41.688
=-0.0091

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=126.008/3.394
=37.1267

X5=Revenue/Total Assets
=20.53/41.688
=0.4925

The zones of discrimination were as such:

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

EcoSynthetix has a Altman Z-Score of 8.20 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 8.20 mean?
EcoSynthetix (ECSNF) has a Altman Z-Score of 8.20 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on EcoSynthetix and its competitors. This is 56% below median its historical median of 18.74. Over the past decade, EcoSynthetix's Altman Z-Score has ranged from 3.31 to 56.65. According to the industry distribution chart, EcoSynthetix ranks #245 out of 1561 companies in the Chemicals industry, placing it in the top 15.7%.
Is EcoSynthetix's Altman Z-Score too high?
EcoSynthetix's current Altman Z-Score of 8.20 is 56% below median its 10-year median of 18.74. Over the past 10 years, this metric has ranged from a low of 3.31 to a high of 56.65. The Chemicals industry median Altman Z-Score is 3.18. EcoSynthetix's value of 8.20 is 157.9% above this industry median. Based on the distribution chart, EcoSynthetix ranks #245 out of 1561 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, EcoSynthetix has a GF Score™ of 53/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EcoSynthetix's Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, EcoSynthetix ranks #245 out of 1561 companies for Altman Z-Score. This places EcoSynthetix in the top 16% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.18. EcoSynthetix's value of 8.20 is 157.9% above this benchmark. Historically, EcoSynthetix's own Altman Z-Score has ranged from 3.31 to 56.65 over the past decade. While the company's 10-year median is 18.74 vs. the industry median of 3.18, EcoSynthetix 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.18, based on 1,561 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. EcoSynthetix's current Altman Z-Score of 8.20 is 157.9% 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 EcoSynthetix and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EcoSynthetix's current Altman Z-Score is 8.20, which is 56% below median its own 10-year median of 18.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EcoSynthetix stock overvalued right now?
Based on GuruFocus' analysis, EcoSynthetix (ECSNF) is currently considered Significantly Undervalued. The stock's GF Value™ is $3.45, compared to a current price of $2.12 — trading 38.6% below its estimated fair value. The current Altman Z-Score is 8.20, which is 56% below median its 10-year median of 18.74 and 157.9% above the Chemicals industry median of 3.18. EcoSynthetix's overall GF Score™ is 53/100. 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 EcoSynthetix (ECSNF), the current Altman Z-Score is 8.20 as of Jul. 05, 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 EcoSynthetix (ECSNF) Overvalued in 2026?

Based on GuruFocus' analysis, EcoSynthetix stock appears to be undervalued. The current stock price of $2.12 is trading 38.6% below its estimated GF Value™ of $3.45. GuruFocus considers EcoSynthetix to be Significantly Undervalued.

Key valuation signals for ECSNF:

  • Altman Z-Score: 8.20 (56% below median its 10-year median of 18.74)
  • GF Value™: $3.45 vs. price of $2.12 (38.6% below fair value)
  • GF Score™: 53/100
  • Industry Position: 157.9% above the Chemicals median (#245 of 1561)

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


EcoSynthetix Business Description

Other Exchanges ECO:Canada
Address 3365 Mainway, Burlington, ON, CAN, L7M 1A6
EcoSynthetix Inc is engaged in the development and commercialization of environmentally friendly, bio-based technologies as replacement solutions for synthetic, petrochemical-based chemicals and other related products in the Americas, Europe, Middle East and Africa (EMEA) and Asia Pacific. The Company operates in one operating segment and generates revenue from its biopolymer nanosphere technology platform.
53GF Score

Get the complete analysis for ECSNF

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

$2.12
Price
$3.45
GF Value