BrainChip HoldingsFRA:24YA -1.57%33 Altman Z-Score is 36.45 as of Jun. 25, 2026, which is 15% below its 10-year median of 43.13. GuruFocus rates FRA:24YA with a GF Score™ of 33/100. The stock has 1 warning sign investors should review. Among 1,015 Semiconductors companies, BrainChip Holdings ranks better than 90.34% 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 37.67 is strong.
BrainChip Holdings has a Altman Z-Score of 36.45, 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 BrainChip Holdings's Altman Z-Score or its related term are showing as below:
FRA:24YA'
s Altman Z-Score Range Over the Past 10 Years
Min: -2.84 Med: 43.13 Max: 92.87
Current: 37.67
During the past 13 years, BrainChip Holdings's highest Altman Z-Score was 92.87. The lowest was -2.84. And the median was 43.13.
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.
Altman Z-Score does not apply to financial companies.
BrainChip Holdings Altman Z-Score Related Terms
BrainChip Holdings Altman Z-Score Historical Data
* Premium members only.
The historical data trend for BrainChip Holdings'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.
FRA:24YA vs NVDA, AVGO, MU: Altman Z-Score Comparison
For the Semiconductors subindustry, BrainChip 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.
BrainChip Holdings Altman Z-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, BrainChip Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where BrainChip 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.
BrainChip Holdings'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
*
0.8835
+
1.4
*
-6.4026
+
3.3
*
-0.5954
+
0.6
*
77.1119
+
1.0
*
0.0552
=
36.45
* 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.
BrainChip Holdings (FRA:24YA) has a Altman Z-Score of 36.45 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on BrainChip Holdings and its competitors. This is 15% below median its historical median of 43.13. According to the industry distribution chart, BrainChip Holdings ranks #98 out of 1015 companies in the Semiconductors industry, placing it in the top 9.7%.
Is BrainChip Holdings' Altman Z-Score too high?
BrainChip Holdings' current Altman Z-Score of 36.45 is 15% below median its 10-year median of 43.13. The Semiconductors industry median Altman Z-Score is 5.52. BrainChip Holdings' value of 36.45 is 560.3% above this industry median. Based on the distribution chart, BrainChip Holdings ranks #98 out of 1015 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, BrainChip Holdings has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does BrainChip Holdings' Altman Z-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, BrainChip Holdings ranks #98 out of 1015 companies for Altman Z-Score. This places BrainChip Holdings in the top 10% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 5.52. BrainChip Holdings' value of 36.45 is 560.3% above this benchmark. While the company's 10-year median is 43.13 vs. the industry median of 5.52, BrainChip 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 a Semiconductors company?
The median Altman Z-Score among Semiconductors companies is 5.52, based on 1,015 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. BrainChip Holdings's current Altman Z-Score of 36.45 is 560.3% 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 BrainChip Holdings and its competitors. For the Semiconductors industry, the median Altman Z-Score is 5.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BrainChip Holdings's current Altman Z-Score is 36.45, which is 15% below median its own 10-year median of 43.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BrainChip Holdings stock overvalued right now?
BrainChip Holdings (FRA:24YA) has a current Altman Z-Score of 36.45. The current Altman Z-Score is 36.45, which is 15% below median its 10-year median of 43.13 and 560.3% above the Semiconductors industry median of 5.52. BrainChip Holdings' overall GF Score™ is 33/100 with 1 warning sign 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 BrainChip Holdings (FRA:24YA), the current Altman Z-Score is 36.45 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.
BrainChip Holdings Ltd is engaged in the development of software and hardware accelerated solutions for artificial intelligence and machine learning applications. The company is working on the development of its Akida Neuromorphic Processor to provide a complete ultra-low power and fast AI Edge Network for vision, audio, olfactory, and smart transducer applications. Its products are Akida IP, Akida 2nd Generation, MetaTF, Akida1000 Ref SoC, and Akida Enablement Platforms. It operates through one segment namely, the technological development of designs.
33GF Score
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