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LGL GroupFRA:51L 43 Altman Z-Score is 18.91 as of Jul. 21, 2026, which is 280% above its 10-year median of 4.98. GuruFocus rates FRA:51L with a GF Score™ of 43/100. The stock has 5 warning signs investors should review. Among 2,459 Hardware companies, LGL Group ranks better than 94.18% 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 18.64 is strong.
LGL Group has a Altman Z-Score of 18.91, 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 LGL Group's Altman Z-Score or its related term are showing as below:
FRA:51L'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.58 Med: 4.98 Max: 19.27
Current: 18.64
During the past 13 years, LGL Group's highest Altman Z-Score was 19.27. The lowest was 1.58. And the median was 4.98.
LGL Group (FRA:51L) 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.
Altman Z-Score does not apply to financial companies.
LGL Group Altman Z-Score Related Terms
LGL Group Altman Z-Score Historical Data
* Premium members only.
The historical data trend for LGL Group'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:51L vs MIND, ACFN, TRCK: Altman Z-Score Comparison
For the Scientific & Technical Instruments subindustry, LGL Group'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.
LGL Group Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, LGL Group's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where LGL Group'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.
LGL Group'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
*
0.9622
+
1.4
*
-0.1364
+
3.3
*
-0.0121
+
0.6
*
29.8289
+
1.0
*
0.0895
=
18.91
* 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.
LGL Group (FRA:51L) has a Altman Z-Score of 18.91 as of Jul. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on LGL Group and its competitors. This is 280% above median its historical median of 4.98. Over the past decade, LGL Group's Altman Z-Score has ranged from 1.58 to 19.27. According to the industry distribution chart, LGL Group ranks #143 out of 2459 companies in the Hardware industry, placing it in the top 5.8%.
Is LGL Group's Altman Z-Score too high?
LGL Group's current Altman Z-Score of 18.91 is 280% above median its 10-year median of 4.98. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 19.27. The Hardware industry median Altman Z-Score is 3.45. LGL Group's value of 18.91 is 448.1% above this industry median. Based on the distribution chart, LGL Group ranks #143 out of 2459 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, LGL Group has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does LGL Group's Altman Z-Score compare to MIND and ACFN?
According to the Hardware industry distribution chart, LGL Group ranks #143 out of 2459 companies for Altman Z-Score. This places LGL Group in the top 6% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.45. LGL Group's value of 18.91 is 448.1% above this benchmark. Historically, LGL Group's own Altman Z-Score has ranged from 1.58 to 19.27 over the past decade. While the company's 10-year median is 4.98 vs. the industry median of 3.45, LGL Group 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.45, based on 2,459 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. LGL Group's current Altman Z-Score of 18.91 is 448.1% 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 LGL Group and its competitors. For the Hardware industry, the median Altman Z-Score is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LGL Group's current Altman Z-Score is 18.91, which is 280% above median its own 10-year median of 4.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LGL Group stock overvalued right now?
LGL Group (FRA:51L) has a current Altman Z-Score of 18.91. The current Altman Z-Score is 18.91, which is 280% above median its 10-year median of 4.98 and 448.1% above the Hardware industry median of 3.45. LGL Group's overall GF Score™ is 43/100 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 LGL Group (FRA:51L), the current Altman Z-Score is 18.91 as of Jul. 21, 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.
LGL Group Inc is a holding company engaged in services, merchant investment, and manufacturing business activities. The company has two reportable segments: Electronic Instruments and Merchant Investment. The Electronic Instruments segment, which generates key revenue, is focused on designing and manufacturing high-performance Frequency and Time reference standards that form the basis for timing and synchronization in various applications, including satellite communication, time transfer systems, network synchronization, electricity distribution, and metrology. The Merchant Investment segment comprises various investment vehicles in which the company invests its capital.
43GF Score
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