Innovative DesignsIVDN -7.73%50 Altman Z-Score is 24.65 as of Jun. 25, 2026, which is 1047% above its 10-year median of 2.15. GuruFocus rates IVDN with a GF Score™ of 50/100 and a GF Value™ of $0.52 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,118 Retail - Cyclical companies, Innovative Designs ranks better than 97.32% 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 23.64 is strong.
Innovative Designs has a Altman Z-Score of 24.65, 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 Innovative Designs's Altman Z-Score or its related term are showing as below:
IVDN'
s Altman Z-Score Range Over the Past 10 Years
Min: -7.11 Med: 2.15 Max: 35.89
Current: 23.64
During the past 13 years, Innovative Designs's highest Altman Z-Score was 35.89. The lowest was -7.11. And the median was 2.15.
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.
Innovative Designs Altman Z-Score Related Terms
Innovative Designs Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Innovative Designs'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.
IVDN vs DBGI, LSEB, JEM: Altman Z-Score Comparison
For the Apparel Retail subindustry, Innovative Designs'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.
Innovative Designs Altman Z-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Innovative Designs's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Innovative Designs'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.
Innovative Designs'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
*
0.5777
+
1.4
*
-3.8557
+
3.3
*
0.2074
+
0.6
*
45.8947
+
1.0
*
1.1301
=
24.65
* 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.
Innovative Designs (IVDN) has a Altman Z-Score of 24.65 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Innovative Designs and its competitors. This is 1047% above median its historical median of 2.15. According to the industry distribution chart, Innovative Designs ranks #30 out of 1118 companies in the Retail - Cyclical industry, placing it in the top 2.7%.
Is Innovative Designs' Altman Z-Score too high?
Innovative Designs' current Altman Z-Score of 24.65 is 1047% above median its 10-year median of 2.15. The Retail - Cyclical industry median Altman Z-Score is 2.73. Innovative Designs' value of 24.65 is 802.9% above this industry median. Based on the distribution chart, Innovative Designs ranks #30 out of 1118 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Innovative Designs has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Innovative Designs' Altman Z-Score compare to DBGI and LSEB?
According to the Retail - Cyclical industry distribution chart, Innovative Designs ranks #30 out of 1118 companies for Altman Z-Score. This places Innovative Designs in the top 3% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.73. Innovative Designs' value of 24.65 is 802.9% above this benchmark. While the company's 10-year median is 2.15 vs. the industry median of 2.73, Innovative Designs 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 a Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.73, based on 1,118 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. Innovative Designs's current Altman Z-Score of 24.65 is 802.9% 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 Innovative Designs 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. Innovative Designs's current Altman Z-Score is 24.65, which is 1047% above median its own 10-year median of 2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovative Designs stock overvalued right now?
Based on GuruFocus' analysis, Innovative Designs (IVDN) is currently considered Significantly Undervalued. The stock's GF Value™ is $0.52, compared to a current price of $0.25 — trading 52.1% below its estimated fair value. The current Altman Z-Score is 24.65, which is 1047% above median its 10-year median of 2.15 and 802.9% above the Retail - Cyclical industry median of 2.73. Innovative Designs' overall GF Score™ is 50/100 with 1 warning sign 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 Innovative Designs (IVDN), the current Altman Z-Score is 24.65 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 Innovative Designs (IVDN) Overvalued in 2026?
Based on GuruFocus' analysis, Innovative Designs stock appears to be undervalued.
The current stock price of $0.25 is trading 52.1% below its estimated GF Value™ of $0.52.
GuruFocus considers Innovative Designs to be Significantly Undervalued.
Key valuation signals for IVDN:
Altman Z-Score: 24.65 (1047% above median its 10-year median of 2.15)
GF Value™: $0.52 vs. price of $0.25 (52.1% below fair value)
Industry Position: 802.9% above the Retail - Cyclical median (#30 of 1118)
No single metric tells the full story. See the IVDN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innovative Designs Inc markets cold-weather recreational and industrial clothing products, as well as house wrap, which is made from INSULTEX, a low-density foamed polyethylene with buoyancy, scent block, and thermal resistant properties. The business activity of the firm is operated through two segments Apparel and Housewrap. The Apparel segment offers a range of cold-weather apparel and related items. The Housewrap segment includes its INSULTEX House Wrap and its own seam tape. It generates maximum revenue from the Housewrap segment. Majority of the revenue is from USA and Canada.
50GF Score
Get the complete analysis for IVDN
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
IVDN has been successfully added to your 
