Republic Airways HoldingsFRA:M2A0 32 Altman Z-Score is 1.02 as of Jul. 06, 2026, which is 127% above its 10-year median of 0.45. GuruFocus rates FRA:M2A0 with a GF Score™ of 32/100. The stock has 7 warning signs investors should review. Among 997 Transportation companies, Republic Airways Holdings ranks worse than 81.04% 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 1.01 is in distress zone. This implies bankruptcy possibility in the next two years.
Republic Airways Holdings has a Altman Z-Score of 1.02, 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 Republic Airways Holdings's Altman Z-Score or its related term are showing as below:
FRA:M2A0'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.6 Med: 0.45 Max: 1.01
Current: 1.01
During the past 13 years, Republic Airways Holdings's highest Altman Z-Score was 1.01. The lowest was -0.60. And the median was 0.45.
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:M2A0 vs FLYX, SRFM, FLYYQ: Altman Z-Score Comparison
For the Airlines subindustry, Republic Airways 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.
Republic Airways Holdings Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Republic Airways Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Republic Airways 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.
Republic Airways Holdings (FRA:M2A0) has a Altman Z-Score of 1.02 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Republic Airways Holdings and its competitors. This is 127% above median its historical median of 0.45. According to the industry distribution chart, Republic Airways Holdings ranks #808 out of 997 companies in the Transportation industry, placing it in the top 81%.
Is Republic Airways Holdings' Altman Z-Score too high?
Republic Airways Holdings' current Altman Z-Score of 1.02 is 127% above median its 10-year median of 0.45. The Transportation industry median Altman Z-Score is 2.26. Republic Airways Holdings' value of 1.02 is 54.9% below this industry median. Based on the distribution chart, Republic Airways Holdings ranks #808 out of 997 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Republic Airways Holdings has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Republic Airways Holdings' Altman Z-Score compare to FLYX and SRFM?
According to the Transportation industry distribution chart, Republic Airways Holdings ranks #808 out of 997 companies for Altman Z-Score. This places Republic Airways Holdings in the lower half of its industry. The industry median Altman Z-Score is 2.26. Republic Airways Holdings' value of 1.02 is 54.9% below this benchmark. While the company's 10-year median is 0.45 vs. the industry median of 2.26, Republic Airways Holdings 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.26, based on 997 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. Republic Airways Holdings's current Altman Z-Score of 1.02 is 54.9% 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 Republic Airways Holdings and its competitors. For the Transportation industry, the median Altman Z-Score is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Republic Airways Holdings's current Altman Z-Score is 1.02, which is 127% above median its own 10-year median of 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Republic Airways Holdings stock overvalued right now?
Republic Airways Holdings (FRA:M2A0) has a current Altman Z-Score of 1.02. The current Altman Z-Score is 1.02, which is 127% above median its 10-year median of 0.45 and 54.9% below the Transportation industry median of 2.26. Republic Airways Holdings' overall GF Score™ is 32/100 with 7 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 Republic Airways Holdings (FRA:M2A0), the current Altman Z-Score is 1.02 as of Jul. 06, 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.
Republic Airways Holdings Inc is a regional airline mainly in North America. The company provides scheduled passenger service through its mainline partnerships with American Airlines, Delta Air Lines, and United Airlines. Republic offers scheduled passenger service on several daily flights to various cities in the United States, Canada, Mexico, and the Caribbean. It exclusively operates the dual-class Embraer E170/175 family of aircraft, and provides its services under the American Eagle, Delta Connection, or United Express brands. The company is organized and operates as one operating and reportable segment: regional airline services.
32GF Score
Get the complete analysis for FRA:M2A0
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:M2A0 has been successfully added to your 
