Intercontinental ExchangeFRA:IC2 -3.46%86 Altman Z-Score is 0.64 as of Jun. 29, 2026, which is 3% below its 10-year median of 0.66. GuruFocus rates FRA:IC2 with a GF Score™ of 86/100 and a GF Value™ of €145.22 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 661 Capital Markets companies, Intercontinental Exchange ranks worse than 79.27% 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.
Warning Sign:
Altman Z-score of 0.64 is in distress zone. This implies bankruptcy possibility in the next two years.
Intercontinental Exchange has a Altman Z-Score of 0.64, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Intercontinental Exchange's Altman Z-Score or its related term are showing as below:
FRA:IC2'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.41 Med: 0.66 Max: 0.95
Current: 0.64
During the past 13 years, Intercontinental Exchange's highest Altman Z-Score was 0.95. The lowest was 0.41. And the median was 0.66.
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:IC2 vs MCO, CME, NDAQ: Altman Z-Score Comparison
For the Financial Data & Stock Exchanges subindustry, Intercontinental Exchange'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.
Intercontinental Exchange Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Intercontinental Exchange's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Intercontinental Exchange'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.
Intercontinental Exchange (FRA:IC2) has a Altman Z-Score of 0.64 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Intercontinental Exchange and its competitors. This is near median its historical median of 0.66. Over the past decade, Intercontinental Exchange's Altman Z-Score has ranged from 0.41 to 0.95. According to the industry distribution chart, Intercontinental Exchange ranks #524 out of 661 companies in the Capital Markets industry, placing it in the top 79.3%.
Is Intercontinental Exchange's Altman Z-Score too high?
Intercontinental Exchange's current Altman Z-Score of 0.64 is near median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 0.95. The Capital Markets industry median Altman Z-Score is 2.55. Intercontinental Exchange's value of 0.64 is 74.9% below this industry median. Based on the distribution chart, Intercontinental Exchange ranks #524 out of 661 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Intercontinental Exchange has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Intercontinental Exchange's Altman Z-Score compare to MCO and CME?
According to the Capital Markets industry distribution chart, Intercontinental Exchange ranks #524 out of 661 companies for Altman Z-Score. This places Intercontinental Exchange in the lower half of its industry. The industry median Altman Z-Score is 2.55. Intercontinental Exchange's value of 0.64 is 74.9% below this benchmark. Historically, Intercontinental Exchange's own Altman Z-Score has ranged from 0.41 to 0.95 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 2.55, Intercontinental Exchange has consistently been below 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 661 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. Intercontinental Exchange's current Altman Z-Score of 0.64 is 74.9% below 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 Intercontinental Exchange 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. Intercontinental Exchange's current Altman Z-Score is 0.64, which is near median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intercontinental Exchange stock overvalued right now?
Based on GuruFocus' analysis, Intercontinental Exchange (FRA:IC2) is currently considered Modestly Undervalued. The stock's GF Value™ is €145.22, compared to a current price of €108.75 — trading 25.1% below its estimated fair value. The current Altman Z-Score is 0.64, which is near median its 10-year median of 0.66 and 74.9% below the Capital Markets industry median of 2.55. Intercontinental Exchange's overall GF Score™ is 86/100 with 3 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 Intercontinental Exchange (FRA:IC2), the current Altman Z-Score is 0.64 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 Intercontinental Exchange (FRA:IC2) Overvalued in 2026?
Based on GuruFocus' analysis, Intercontinental Exchange stock appears to be undervalued.
The current stock price of €108.75 is trading 25.1% below its estimated GF Value™ of €145.22.
GuruFocus considers Intercontinental Exchange to be Modestly Undervalued.
Key valuation signals for FRA:IC2:
Altman Z-Score: 0.64 (near median its 10-year median of 0.66)
GF Value™: €145.22 vs. price of €108.75 (25.1% below fair value)
Industry Position: 74.9% below the Capital Markets median (#524 of 661)
No single metric tells the full story. See the FRA:IC2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 54% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (22% of net revenue) and fixed-income and data-services segment (24% of net revenue).
86GF Score
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