FactSet Research SystemsFRA:FA1 -1.12%80 Altman Z-Score is 4.50 as of Jul. 02, 2026, which is 42% below its 10-year median of 7.72. GuruFocus rates FRA:FA1 with a GF Score™ of 80/100 and a GF Value™ of €412.33 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 662 Capital Markets companies, FactSet Research Systems ranks better than 63.14% 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 4.64 is strong.
FactSet Research Systems has a Altman Z-Score of 4.50, 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 FactSet Research Systems's Altman Z-Score or its related term are showing as below:
FRA:FA1'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.36 Med: 7.72 Max: 13.14
Current: 4.64
During the past 13 years, FactSet Research Systems's highest Altman Z-Score was 13.14. The lowest was 4.36. And the median was 7.72.
FactSet Research Systems (FRA:FA1) 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.
FRA:FA1 vs MORN, TRU, OTCM: Altman Z-Score Comparison
For the Financial Data & Stock Exchanges subindustry, FactSet Research Systems'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.
FactSet Research Systems Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, FactSet Research Systems's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where FactSet Research Systems's Altman Z-Score falls into.
FactSet Research Systems 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.
FactSet Research Systems (FRA:FA1) has a Altman Z-Score of 4.50 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on FactSet Research Systems and its competitors. This is 42% below median its historical median of 7.72. Over the past decade, FactSet Research Systems' Altman Z-Score has ranged from 4.36 to 13.14. According to the industry distribution chart, FactSet Research Systems ranks #244 out of 662 companies in the Capital Markets industry, placing it in the top 36.9%.
Is FactSet Research Systems' Altman Z-Score too high?
FactSet Research Systems' current Altman Z-Score of 4.50 is 42% below median its 10-year median of 7.72. Over the past 10 years, this metric has ranged from a low of 4.36 to a high of 13.14. The Capital Markets industry median Altman Z-Score is 2.55. FactSet Research Systems' value of 4.50 is 76.5% above this industry median. Based on the distribution chart, FactSet Research Systems ranks #244 out of 662 companies in the Capital Markets industry, which is above the industry midpoint. Overall, FactSet Research Systems has a GF Score™ of 80/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FactSet Research Systems' Altman Z-Score compare to MORN and TRU?
According to the Capital Markets industry distribution chart, FactSet Research Systems ranks #244 out of 662 companies for Altman Z-Score. This puts FactSet Research Systems in the upper half of its industry. The industry median Altman Z-Score is 2.55. FactSet Research Systems' value of 4.50 is 76.5% above this benchmark. Historically, FactSet Research Systems' own Altman Z-Score has ranged from 4.36 to 13.14 over the past decade. While the company's 10-year median is 7.72 vs. the industry median of 2.55, FactSet Research Systems 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 Capital Markets company?
The median Altman Z-Score among Capital Markets companies is 2.55, based on 662 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. FactSet Research Systems's current Altman Z-Score of 4.50 is 76.5% 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 FactSet Research Systems and its competitors. For the Capital Markets industry, the median Altman Z-Score is 2.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FactSet Research Systems's current Altman Z-Score is 4.50, which is 42% below median its own 10-year median of 7.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FactSet Research Systems stock overvalued right now?
Based on GuruFocus' analysis, FactSet Research Systems (FRA:FA1) is currently considered Significantly Undervalued. The stock's GF Value™ is €412.33, compared to a current price of €199.05 — trading 51.7% below its estimated fair value. The current Altman Z-Score is 4.50, which is 42% below median its 10-year median of 7.72 and 76.5% above the Capital Markets industry median of 2.55. FactSet Research Systems' overall GF Score™ is 80/100 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 FactSet Research Systems (FRA:FA1), the current Altman Z-Score is 4.50 as of Jul. 02, 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 FactSet Research Systems (FRA:FA1) Overvalued in 2026?
Based on GuruFocus' analysis, FactSet Research Systems stock appears to be undervalued.
The current stock price of €199.05 is trading 51.7% below its estimated GF Value™ of €412.33.
GuruFocus considers FactSet Research Systems to be Significantly Undervalued.
Key valuation signals for FRA:FA1:
Altman Z-Score: 4.50 (42% below median its 10-year median of 7.72)
GF Value™: €412.33 vs. price of €199.05 (51.7% below fair value)
Industry Position: 76.5% above the Capital Markets median (#244 of 662)
No single metric tells the full story. See the FRA:FA1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FactSet provides financial data and portfolio analytics to the global investment community. The company aggregates data from third-party data suppliers, news sources, exchanges, brokerages, and contributors into its workstations. In addition, it provides essential portfolio analytics that companies use to monitor portfolios and address reporting requirements. Buy-side clients (including wealth and corporate clients) account for over 80% of FactSet's annual subscription value. In 2015, the company acquired Portware, a provider of trade execution software. In 2017, it acquired BISAM, a risk management and performance measurement provider. In 2022, it completed its purchase of CUSIP Global Services.
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