Citizen Watch CoFRA:CTZ -1.45%66 Altman Z-Score is 4.28 as of Jun. 29, 2026, which is 49% above its 10-year median of 2.88. GuruFocus rates FRA:CTZ with a GF Score™ of 66/100 and a GF Value™ of €6.24 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,032 Manufacturing - Apparel & Accessories companies, Citizen Watch Co ranks better than 75.78% 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 4.24 is strong.
Citizen Watch Co has a Altman Z-Score of 4.28, 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.
The historical rank and industry rank for Citizen Watch Co's Altman Z-Score or its related term are showing as below:
FRA:CTZ'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.01 Med: 2.88 Max: 4.24
Current: 4.24
During the past 13 years, Citizen Watch Co's highest Altman Z-Score was 4.24. The lowest was 2.01. And the median was 2.88.
Citizen Watch Co (FRA:CTZ) 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.
Citizen Watch Co Altman Z-Score Related Terms
Citizen Watch Co Altman Z-Score Historical Data
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The historical data trend for Citizen Watch Co'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:CTZ vs NKE, DECK, ONON: Altman Z-Score Comparison
For the Footwear & Accessories subindustry, Citizen Watch Co'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.
Citizen Watch Co Altman Z-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Citizen Watch Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Citizen Watch Co'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.
Citizen Watch Co'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
*
0.466
+
1.4
*
0.337
+
3.3
*
0.0814
+
0.6
*
3.6791
+
1.0
*
0.768
=
4.28
* 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.
Citizen Watch Co (FRA:CTZ) has a Altman Z-Score of 4.28 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Citizen Watch Co and its competitors. This is 49% above median its historical median of 2.88. Over the past decade, Citizen Watch Co's Altman Z-Score has ranged from 2.01 to 4.24. According to the industry distribution chart, Citizen Watch Co ranks #250 out of 1032 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 24.2%.
Is Citizen Watch Co's Altman Z-Score too high?
Citizen Watch Co's current Altman Z-Score of 4.28 is 49% above median its 10-year median of 2.88. Over the past 10 years, this metric has ranged from a low of 2.01 to a high of 4.24. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.51. Citizen Watch Co's value of 4.28 is 70.9% above this industry median. Based on the distribution chart, Citizen Watch Co ranks #250 out of 1032 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Citizen Watch Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Citizen Watch Co's Altman Z-Score compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Citizen Watch Co ranks #250 out of 1032 companies for Altman Z-Score. This places Citizen Watch Co in the top 24% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.51. Citizen Watch Co's value of 4.28 is 70.9% above this benchmark. Historically, Citizen Watch Co's own Altman Z-Score has ranged from 2.01 to 4.24 over the past decade. While the company's 10-year median is 2.88 vs. the industry median of 2.51, Citizen Watch Co 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 Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.51, based on 1,032 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. Citizen Watch Co's current Altman Z-Score of 4.28 is 70.9% 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 Citizen Watch Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Citizen Watch Co's current Altman Z-Score is 4.28, which is 49% above median its own 10-year median of 2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Citizen Watch Co stock overvalued right now?
Based on GuruFocus' analysis, Citizen Watch Co (FRA:CTZ) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.24, compared to a current price of €13.60 — trading 117.9% above its estimated fair value. The current Altman Z-Score is 4.28, which is 49% above median its 10-year median of 2.88 and 70.9% above the Manufacturing - Apparel & Accessories industry median of 2.51. Citizen Watch Co's overall GF Score™ is 66/100 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 Citizen Watch Co (FRA:CTZ), the current Altman Z-Score is 4.28 as of Jun. 29, 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 Citizen Watch Co (FRA:CTZ) Overvalued in 2026?
Based on GuruFocus' analysis, Citizen Watch Co stock appears to be overvalued.
The current stock price of €13.60 is trading 117.9% above its estimated GF Value™ of €6.24.
GuruFocus considers Citizen Watch Co to be Significantly Overvalued.
Key valuation signals for FRA:CTZ:
Altman Z-Score: 4.28 (49% above median its 10-year median of 2.88)
GF Value™: €6.24 vs. price of €13.60 (117.9% above fair value)
Industry Position: 70.9% above the Manufacturing - Apparel & Accessories median (#250 of 1032)
No single metric tells the full story. See the FRA:CTZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Citizen Watch Co Ltd is a company whose main business is to manufacture and sell watches, machine tools, electronic devices, and electronic products. The Company has four reportable segments which includes Watches Business, Machine Tools Business, Device Business, and Electronic Equipment and Other Business. It generates majority of the revenue from Watches Business segment.
66GF Score
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