Fastenal CoFRA:FAS -0.15%97 Altman Z-Score is 30.92 as of Jun. 25, 2026, which is 89% above its 10-year median of 16.34. GuruFocus rates FRA:FAS with a GF Score™ of 97/100 and a GF Value™ of €37.46 (Fairly Valued). The stock has 2 warning signs investors should review. Among 154 Industrial Distribution companies, Fastenal Co ranks better than 98.05% 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 30.52 is strong.
Fastenal Co has a Altman Z-Score of 30.92, 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 Fastenal Co's Altman Z-Score or its related term are showing as below:
FRA:FAS'
s Altman Z-Score Range Over the Past 10 Years
Min: 12.2 Med: 16.34 Max: 31.94
Current: 30.52
During the past 13 years, Fastenal Co's highest Altman Z-Score was 31.94. The lowest was 12.20. And the median was 16.34.
Fastenal Co (FRA:FAS) 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.
Fastenal Co Altman Z-Score Related Terms
Fastenal Co Altman Z-Score Historical Data
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The historical data trend for Fastenal 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:FAS vs FERG, GWW, WCC: Altman Z-Score Comparison
For the Industrial Distribution subindustry, Fastenal 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.
Fastenal Co Altman Z-Score vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Fastenal Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Fastenal 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.
Fastenal 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
*
0.5366
+
1.4
*
0.7547
+
3.3
*
0.3273
+
0.6
*
44.2162
+
1.0
*
1.6104
=
30.92
* 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.
Fastenal Co (FRA:FAS) has a Altman Z-Score of 30.92 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Fastenal Co and its competitors. This is 89% above median its historical median of 16.34. Over the past decade, Fastenal Co's Altman Z-Score has ranged from 12.20 to 31.94. According to the industry distribution chart, Fastenal Co ranks #3 out of 154 companies in the Industrial Distribution industry, placing it in the top 1.9%.
Is Fastenal Co's Altman Z-Score too high?
Fastenal Co's current Altman Z-Score of 30.92 is 89% above median its 10-year median of 16.34. Over the past 10 years, this metric has ranged from a low of 12.20 to a high of 31.94. The Industrial Distribution industry median Altman Z-Score is 3.27. Fastenal Co's value of 30.92 is 847% above this industry median. Based on the distribution chart, Fastenal Co ranks #3 out of 154 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Fastenal Co has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fastenal Co's Altman Z-Score compare to FERG and GWW?
According to the Industrial Distribution industry distribution chart, Fastenal Co ranks #3 out of 154 companies for Altman Z-Score. This places Fastenal Co in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.27. Fastenal Co's value of 30.92 is 847% above this benchmark. Historically, Fastenal Co's own Altman Z-Score has ranged from 12.20 to 31.94 over the past decade. While the company's 10-year median is 16.34 vs. the industry median of 3.27, Fastenal 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 an Industrial Distribution company?
The median Altman Z-Score among Industrial Distribution companies is 3.27, based on 154 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. Fastenal Co's current Altman Z-Score of 30.92 is 847% 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 Fastenal Co and its competitors. For the Industrial Distribution industry, the median Altman Z-Score is 3.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fastenal Co's current Altman Z-Score is 30.92, which is 89% above median its own 10-year median of 16.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fastenal Co stock overvalued right now?
Based on GuruFocus' analysis, Fastenal Co (FRA:FAS) is currently considered Fairly Valued. The stock's GF Value™ is €37.46, compared to a current price of €40.09 — trading 7% above its estimated fair value. The current Altman Z-Score is 30.92, which is 89% above median its 10-year median of 16.34 and 847% above the Industrial Distribution industry median of 3.27. Fastenal Co's overall GF Score™ is 97/100 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 Fastenal Co (FRA:FAS), the current Altman Z-Score is 30.92 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.
Is Fastenal Co (FRA:FAS) Overvalued in 2026?
Based on GuruFocus' analysis, Fastenal Co stock appears to be overvalued.
The current stock price of €40.09 is trading 7% above its estimated GF Value™ of €37.46.
GuruFocus considers Fastenal Co to be Fairly Valued.
Key valuation signals for FRA:FAS:
Altman Z-Score: 30.92 (89% above median its 10-year median of 16.34)
GF Value™: €37.46 vs. price of €40.09 (7% above fair value)
Industry Position: 847% above the Industrial Distribution median (#3 of 154)
No single metric tells the full story. See the FRA:FAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fastenal began as an industrial retailer, expanding its product portfolio from nuts and bolts to cutting tools, safety equipment, and janitorial supplies. It transitioned into a distributor by building out a dense network of branches close to its business customers. Once a customer becomes large enough, Fastenal installs vending machines and its own personnel on-site. Today, these on-site locations exceed Fastenal's branch count and remain the firm's main focus for expansion. Fastenal acts as a one-stop outsourcing partner for its industrial customers, offering value-added services along with a wide breadth of maintenance, repair, and operations supplies.
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