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 9.28 is strong.
Expeditors International of Washington has a Altman Z-Score of 9.28, 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.
Expeditors International of Washington (NYSE:EXPD) 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.
* 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.
Expeditors International of Washington Altman Z-Score Chart
Expeditors International of Washington Annual Data
EXPD vs CHRW, FDXFw, ZTO: Altman Z-Score Comparison
For the Integrated Freight & Logistics subindustry, Expeditors International of Washington'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.
Expeditors International of Washington Altman Z-Score vs Transportation Industry
Expeditors International of Washington 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.
* 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.
Expeditors International of Washington (EXPD) has a Altman Z-Score of 9.28 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Expeditors International of Washington and its competitors. This is near median its historical median of 9.04. Over the past decade, Expeditors International of Washington's Altman Z-Score has ranged from 6.80 to 10.92. According to the industry distribution chart, Expeditors International of Washington ranks #51 out of 1000 companies in the Transportation industry, placing it in the top 5.1%.
Is Expeditors International of Washington's Altman Z-Score too high?
Expeditors International of Washington's current Altman Z-Score of 9.28 is near median its 10-year median of 9.04. Over the past 10 years, this metric has ranged from a low of 6.80 to a high of 10.92. The Transportation industry median Altman Z-Score is 2.29. Expeditors International of Washington's value of 9.28 is 305.2% above this industry median. Based on the distribution chart, Expeditors International of Washington ranks #51 out of 1000 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Expeditors International of Washington has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Expeditors International of Washington's Altman Z-Score compare to CHRW and FDXFw?
According to the Transportation industry distribution chart, Expeditors International of Washington ranks #51 out of 1000 companies for Altman Z-Score. This places Expeditors International of Washington in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.29. Expeditors International of Washington's value of 9.28 is 305.2% above this benchmark. Historically, Expeditors International of Washington's own Altman Z-Score has ranged from 6.80 to 10.92 over the past decade. While the company's 10-year median is 9.04 vs. the industry median of 2.29, Expeditors International of Washington 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.29, based on 1,000 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. Expeditors International of Washington's current Altman Z-Score of 9.28 is 305.2% 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 Expeditors International of Washington and its competitors. For the Transportation industry, the median Altman Z-Score is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Expeditors International of Washington's current Altman Z-Score is 9.28, which is near median its own 10-year median of 9.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Expeditors International of Washington stock overvalued right now?
Based on GuruFocus' analysis, Expeditors International of Washington (EXPD) is currently considered Fairly Valued. The stock's GF Value™ is $146.01, compared to a current price of $160.16 — trading 9.7% above its estimated fair value. The current Altman Z-Score is 9.28, which is near median its 10-year median of 9.04 and 305.2% above the Transportation industry median of 2.29. Expeditors International of Washington's overall GF Score™ is 78/100 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 Expeditors International of Washington (EXPD), the current Altman Z-Score is 9.28 as of Jun. 25, 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 Expeditors International of Washington (EXPD) Overvalued in 2026?
Based on GuruFocus' analysis, Expeditors International of Washington stock appears to be overvalued.
The current stock price of $160.16 is trading 9.7% above its estimated GF Value™ of $146.01.
GuruFocus considers Expeditors International of Washington to be Fairly Valued.
Key valuation signals for EXPD:
Altman Z-Score: 9.28 (near median its 10-year median of 9.04)
GF Value™: $146.01 vs. price of $160.16 (9.7% above fair value)
Industry Position: 305.2% above the Transportation median (#51 of 1000)
No single metric tells the full story. See the EXPD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Expeditors International of Washington Business Description
Based in the US, Expeditors International of Washington is a non-asset-based third-party logistics provider, mainly focused on international freight forwarding. Its offers freight consolidation and forwarding, customs brokerage, warehousing and distribution, purchase order management, vendor consolidation, and numerous other value-added logistics services. It employs sophisticated IT systems and contracts with airlines and ocean carriers to move customers' freight across the globe. The firm operates more than 200 full-service office locations worldwide, in addition to numerous satellite locations. In 2025, Expeditors derived 36% of consolidated gross revenue from airfreight, 25% from ocean freight, and 39% from customs brokerage and other services.
78GF Score
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