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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 10.07 is strong.
iFOREX Financial Trading Holdings has a Altman Z-Score of 10.16, 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 iFOREX Financial Trading Holdings's Altman Z-Score or its related term are showing as below:
FRA:68Z'
s Altman Z-Score Range Over the Past 10 Years
Min: 0 Med: 0 Max: 10.07
Current: 10.07
During the past 4 years, iFOREX Financial Trading Holdings's highest Altman Z-Score was 10.07. The lowest was 0.00. And the median was 0.00.
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.
iFOREX Financial Trading Holdings Semi-Annual Data
Dec22
Dec23
Dec24
Dec25
Altman Z-Score
0.00
0.00
0.00
0.00
FRA:68Z vs MS, GS, SCHW: Altman Z-Score Comparison
For the Capital Markets subindustry, iFOREX Financial Trading 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.
iFOREX Financial Trading Holdings Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, iFOREX Financial Trading Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where iFOREX Financial Trading 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.
* 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.
iFOREX Financial Trading Holdings (FRA:68Z) has a Altman Z-Score of 10.16 as of Jul. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on iFOREX Financial Trading Holdings and its competitors. According to the industry distribution chart, iFOREX Financial Trading Holdings ranks #137 out of 663 companies in the Capital Markets industry, placing it in the top 20.7%.
Is iFOREX Financial Trading Holdings' Altman Z-Score too high?
iFOREX Financial Trading Holdings' current Altman Z-Score is 10.16. The Capital Markets industry median Altman Z-Score is 2.65. iFOREX Financial Trading Holdings' value of 10.16 is 283.4% above this industry median. Based on the distribution chart, iFOREX Financial Trading Holdings ranks #137 out of 663 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, iFOREX Financial Trading Holdings has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does iFOREX Financial Trading Holdings' Altman Z-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, iFOREX Financial Trading Holdings ranks #137 out of 663 companies for Altman Z-Score. This places iFOREX Financial Trading Holdings in the top 21% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.65. iFOREX Financial Trading Holdings' value of 10.16 is 283.4% above this benchmark. 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 Capital Markets company?
The median Altman Z-Score among Capital Markets companies is 2.65, based on 663 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. iFOREX Financial Trading Holdings's current Altman Z-Score of 10.16 is 283.4% 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 iFOREX Financial Trading Holdings and its competitors. For the Capital Markets industry, the median Altman Z-Score is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. iFOREX Financial Trading Holdings's current Altman Z-Score is 10.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iFOREX Financial Trading Holdings stock overvalued right now?
iFOREX Financial Trading Holdings (FRA:68Z) has a current Altman Z-Score of 10.16. The current Altman Z-Score is 10.16 and 283.4% above the Capital Markets industry median of 2.65. iFOREX Financial Trading Holdings' overall GF Score™ is 27/100 with 2 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 iFOREX Financial Trading Holdings (FRA:68Z), the current Altman Z-Score is 10.16 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.
iFOREX Financial Trading Holdings Business Description
iFOREX Financial Trading Holdings Ltd developed and operates a proprietary online and mobile CFD trading platform enabling its retail clients to trade CFDs across over 870 financial instruments comprising currencies, commodities, indices, stocks, cryptocurrencies and ETFs. It also offers educational resources to its clients allowing them to benefit from a wide variety of free training, support and educational resources to enhance their understanding of the world-wide markets, online trading and the available trading tools. It operates in one segment being from the online trading on CFDs through the Group's internally developed platform. Its revenues are generated from three sources: dealing spreads, overnight premiums, and gains (offset by losses) from client's trading positions.
27GF Score
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