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 -5.3 is in distress zone. This implies bankruptcy possibility in the next two years.
Global Fashion Group has a Altman Z-Score of -5.30, 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 Global Fashion Group's Altman Z-Score or its related term are showing as below:
GLFGF'
s Altman Z-Score Range Over the Past 10 Years
Min: -5.38 Med: -1.38 Max: 1.29
Current: -5.3
During the past 10 years, Global Fashion Group's highest Altman Z-Score was 1.29. The lowest was -5.38. And the median was -1.38.
Global Fashion Group (OTCPK:GLFGF) 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.
Global Fashion Group Altman Z-Score Related Terms
Global Fashion Group Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Global Fashion Group'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.
GLFGF vs TJX, ROST, BURL: Altman Z-Score Comparison
For the Apparel Retail subindustry, Global Fashion Group'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.
Global Fashion Group Altman Z-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Global Fashion Group's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Global Fashion Group'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.
Global Fashion Group'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
*
0.0322
+
1.4
*
-4.6547
+
3.3
*
-0.0845
+
0.6
*
0.2836
+
1.0
*
1.2819
=
-5.30
* 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.
Global Fashion Group (GLFGF) has a Altman Z-Score of -5.30 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Global Fashion Group and its competitors. According to the industry distribution chart, Global Fashion Group ranks #1093 out of 1117 companies in the Retail - Cyclical industry, placing it in the top 97.9%.
Is Global Fashion Group's Altman Z-Score too high?
Global Fashion Group's current Altman Z-Score is -5.30. Based on the distribution chart, Global Fashion Group ranks #1093 out of 1117 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Global Fashion Group has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Global Fashion Group's Altman Z-Score compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Global Fashion Group ranks #1093 out of 1117 companies for Altman Z-Score. This places Global Fashion Group in the lower half of its industry. The industry median Altman Z-Score is 2.73. 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 - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.73, based on 1,117 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. 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 Global Fashion Group and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Fashion Group's current Altman Z-Score is -5.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Fashion Group stock overvalued right now?
Global Fashion Group (GLFGF) has a current Altman Z-Score of -5.30. The stock's GF Value™ is $0.21, compared to a current price of $0.33 — trading 57.3% above its estimated fair value. The current Altman Z-Score is -5.30. Global Fashion Group's overall GF Score™ is 41/100 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 Global Fashion Group (GLFGF), the current Altman Z-Score is -5.30 as of Jun. 26, 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 Global Fashion Group (GLFGF) Overvalued in 2026?
Based on GuruFocus' analysis, Global Fashion Group stock appears to be overvalued.
The current stock price of $0.33 is trading 57.3% above its estimated GF Value™ of $0.21.
Key valuation signals for GLFGF:
Altman Z-Score: -5.30
GF Value™: $0.21 vs. price of $0.33 (57.3% above fair value)
No single metric tells the full story. See the GLFGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Fashion Group SA is a fashion and lifestyle e-commerce and associated ancillary services such as marketing, technology, payment, warehousing, and logistics services. The Group offers a wide assortment of international and local fashion brands, as well as a selection of its label brands. The Group consists of three operating segments: ANZ - GFG operates under the THE ICONIC brand, launched in 2011, in Australia and New Zealand, LATAM - GFG operates under the dafiti brand, launched in 2011, in Brazil and Colombia, SEA - GFG operates under the ZALORA brand, launched in 2012, in Indonesia, the Philippines, Singapore, Malaysia and Hong Kong. The majority of revenue is from ANZ.
41GF Score
Get the complete analysis for GLFGF
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
GLFGF has been successfully added to your 
