MrMax HoldingsFSE:8203 72 Altman Z-Score is 2.42 as of Jul. 03, 2026, which is 17% above its 10-year median of 2.06. GuruFocus rates FSE:8203 with a GF Score™ of 72/100 and a GF Value™ of 円798.46. The stock has 2 warning signs investors should review. Among 305 Retail - Defensive companies, MrMax Holdings ranks worse than 72.46% 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 2.43 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
MrMax Holdings has a Altman Z-Score of 2.42, indicating it is in Grey Zones. This implies that MrMax Holdings is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 MrMax Holdings's Altman Z-Score or its related term are showing as below:
FSE:8203'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.49 Med: 2.06 Max: 2.44
Current: 2.43
During the past 13 years, MrMax Holdings's highest Altman Z-Score was 2.44. The lowest was 1.49. And the median was 2.06.
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.
MrMax Holdings Altman Z-Score Related Terms
MrMax Holdings Altman Z-Score Historical Data
* Premium members only.
The historical data trend for MrMax Holdings'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.
FSE:8203 vs WMT, COST, TGT: Altman Z-Score Comparison
For the Discount Stores subindustry, MrMax 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.
MrMax Holdings Altman Z-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, MrMax Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where MrMax 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.
MrMax Holdings'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
*
-0.0921
+
1.4
*
0.2535
+
3.3
*
0.0483
+
0.6
*
0.5263
+
1.0
*
1.7025
=
2.42
* 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.
MrMax Holdings (FSE:8203) has a Altman Z-Score of 2.42 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on MrMax Holdings and its competitors. This is 17% above median its historical median of 2.06. Over the past decade, MrMax Holdings' Altman Z-Score has ranged from 1.49 to 2.44. According to the industry distribution chart, MrMax Holdings ranks #221 out of 305 companies in the Retail - Defensive industry, placing it in the top 72.5%.
Is MrMax Holdings' Altman Z-Score too high?
MrMax Holdings' current Altman Z-Score of 2.42 is 17% above median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 1.49 to a high of 2.44. The Retail - Defensive industry median Altman Z-Score is 3.54. MrMax Holdings' value of 2.42 is 31.6% below this industry median. Based on the distribution chart, MrMax Holdings ranks #221 out of 305 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, MrMax Holdings has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does MrMax Holdings' Altman Z-Score compare to WMT and COST?
According to the Retail - Defensive industry distribution chart, MrMax Holdings ranks #221 out of 305 companies for Altman Z-Score. This places MrMax Holdings in the lower half of its industry. The industry median Altman Z-Score is 3.54. MrMax Holdings' value of 2.42 is 31.6% below this benchmark. Historically, MrMax Holdings' own Altman Z-Score has ranged from 1.49 to 2.44 over the past decade. While the company's 10-year median is 2.06 vs. the industry median of 3.54, MrMax 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 Retail - Defensive company?
The median Altman Z-Score among Retail - Defensive companies is 3.54, based on 305 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. MrMax Holdings's current Altman Z-Score of 2.42 is 31.6% 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 MrMax Holdings and its competitors. For the Retail - Defensive industry, the median Altman Z-Score is 3.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MrMax Holdings's current Altman Z-Score is 2.42, which is 17% above median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MrMax Holdings stock overvalued right now?
MrMax Holdings (FSE:8203) has a current Altman Z-Score of 2.42. The stock's GF Value™ is 円798.46, compared to a current price of 円817.00 — trading 2.3% above its estimated fair value. The current Altman Z-Score is 2.42, which is 17% above median its 10-year median of 2.06 and 31.6% below the Retail - Defensive industry median of 3.54. MrMax Holdings' overall GF Score™ is 72/100 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 MrMax Holdings (FSE:8203), the current Altman Z-Score is 2.42 as of Jul. 03, 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 MrMax Holdings (FSE:8203) Overvalued in 2026?
Based on GuruFocus' analysis, MrMax Holdings stock appears to be overvalued.
The current stock price of 円817.00 is trading 2.3% above its estimated GF Value™ of 円798.46.
Key valuation signals for FSE:8203:
Altman Z-Score: 2.42 (17% above median its 10-year median of 2.06)
GF Value™: 円798.46 vs. price of 円817.00 (2.3% above fair value)
Industry Position: 31.6% below the Retail - Defensive median (#221 of 305)
No single metric tells the full story. See the FSE:8203 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MrMax Holdings Ltd is an online and physical discount store that sells household and consumer products. The company offers products such as T.V, phones, kitchen and household electronic appliances, sanitary products, clothes, sports goods, foods, and beverages, carry cases, and others.
72GF Score
Get the complete analysis for FSE:8203
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