Libstar Holdings (JSE:LBR) Altman Z-Score: 2.25 (As of Jun. 27, 2026) — 11% Above Median


JSE:LBR Libstar Holdings Ltd JSE:LBR
76 GF Score
Price R4.25
GF Value R4.23
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Libstar Holdings Altman Z-Score?

Libstar Holdings JSE:LBR 76 Altman Z-Score is 2.25 as of Jun. 27, 2026, which is 11% above its 10-year median of 2.02. GuruFocus rates JSE:LBR with a GF Score™ of 76/100 and a GF Value™ of R4.23 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,933 Consumer Packaged Goods companies, Libstar Holdings ranks worse than 61.67% 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 2.25 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.

Libstar Holdings has a Altman Z-Score of 2.25, indicating it is in Grey Zones. This implies that Libstar 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 Libstar Holdings's Altman Z-Score or its related term are showing as below:

JSE:LBR' s Altman Z-Score Range Over the Past 10 Years
Min: 1.81   Med: 2.02   Max: 2.3
Current: 2.25

During the past 12 years, Libstar Holdings's highest Altman Z-Score was 2.30. The lowest was 1.81. And the median was 2.02.


Libstar Holdings  (JSE:LBR) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Libstar Holdings Altman Z-Score Related Terms


Libstar Holdings Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Libstar 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.

Libstar Holdings Altman Z-Score Chart

Libstar Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.09 2.05 1.98 1.97 2.30

Libstar Holdings Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.98 0.00 1.97 0.00 2.30

JSE:LBR vs KHC, GIS, JBS: Altman Z-Score Comparison

For the Packaged Foods subindustry, Libstar 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.


Libstar Holdings Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Libstar Holdings's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Libstar Holdings's Altman Z-Score falls into.


JSE:LBR
76GF Score
Libstar Holdings Ltd JSE:LBR
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Libstar Holdings Altman Z-Score Calculation

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.

Libstar 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*0.2792+1.4*0.0074+3.3*0.0411+0.6*0.6205+1.0*1.398
=2.25

* 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.

Trailing Twelve Months (TTM) ended in Dec. 2025:
Total Assets was R8,819 Mil.
Total Current Assets was R4,406 Mil.
Total Current Liabilities was R1,944 Mil.
Retained Earnings was R65 Mil.
Pre-Tax Income was R154 Mil.
Interest Expense was R-209 Mil.
Revenue was R12,329 Mil.
Market Cap (Today) was R2,496 Mil.
Total Liabilities was R4,022 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(4405.787 - 1943.918)/8819.157
=0.2792

X2=Retained Earnings/Total Assets
=65.021/8819.157
=0.0074

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(153.865 - -208.57)/8819.157
=0.0411

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2495.630/4022.091
=0.6205

X5=Revenue/Total Assets
=12329.167/8819.157
=1.398

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Libstar Holdings has a Altman Z-Score of 2.25 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 2.25 mean?
Libstar Holdings (JSE:LBR) has a Altman Z-Score of 2.25 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Libstar Holdings and its competitors. This is 11% above median its historical median of 2.02. Over the past decade, Libstar Holdings' Altman Z-Score has ranged from 1.81 to 2.30. According to the industry distribution chart, Libstar Holdings ranks #1192 out of 1933 companies in the Consumer Packaged Goods industry, placing it in the top 61.7%.
Is Libstar Holdings' Altman Z-Score too high?
Libstar Holdings' current Altman Z-Score of 2.25 is 11% above median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 1.81 to a high of 2.30. The Consumer Packaged Goods industry median Altman Z-Score is 2.84. Libstar Holdings' value of 2.25 is 20.8% below this industry median. Based on the distribution chart, Libstar Holdings ranks #1192 out of 1933 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Libstar Holdings has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Libstar Holdings' Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Libstar Holdings ranks #1192 out of 1933 companies for Altman Z-Score. This places Libstar Holdings in the lower half of its industry. The industry median Altman Z-Score is 2.84. Libstar Holdings' value of 2.25 is 20.8% below this benchmark. Historically, Libstar Holdings' own Altman Z-Score has ranged from 1.81 to 2.30 over the past decade. While the company's 10-year median is 2.02 vs. the industry median of 2.84, Libstar 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.84, based on 1,933 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. Libstar Holdings's current Altman Z-Score of 2.25 is 20.8% 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 Libstar Holdings and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Libstar Holdings's current Altman Z-Score is 2.25, which is 11% above median its own 10-year median of 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Libstar Holdings stock overvalued right now?
Based on GuruFocus' analysis, Libstar Holdings (JSE:LBR) is currently considered Fairly Valued. The stock's GF Value™ is R4.23, compared to a current price of R4.25 — trading 0.5% above its estimated fair value. The current Altman Z-Score is 2.25, which is 11% above median its 10-year median of 2.02 and 20.8% below the Consumer Packaged Goods industry median of 2.84. Libstar Holdings' overall GF Score™ is 76/100 with 4 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 Libstar Holdings (JSE:LBR), the current Altman Z-Score is 2.25 as of Jun. 27, 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 Libstar Holdings (JSE:LBR) Overvalued in 2026?

Based on GuruFocus' analysis, Libstar Holdings stock appears to be overvalued. The current stock price of R4.25 is trading 0.5% above its estimated GF Value™ of R4.23. GuruFocus considers Libstar Holdings to be Fairly Valued.

Key valuation signals for JSE:LBR:

  • Altman Z-Score: 2.25 (11% above median its 10-year median of 2.02)
  • GF Value™: R4.23 vs. price of R4.25 (0.5% above fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 20.8% below the Consumer Packaged Goods median (#1192 of 1933)

No single metric tells the full story. See the JSE:LBR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Libstar Holdings Business Description

Address 43 Bloulelie Crescent, 1st Floor, Libstar House, Plattekloof, Cape Town, WC, ZAF, 7500
Libstar Holdings Ltd is a manufacturer, distributor, and marketer of branded and private-label consumer packaged goods. Its portfolio comprises: Perishable Products, such as dairy, meat, fresh mushrooms, and convenience meals; Ambient Products that include dry and wet condiments, meal ingredients, baked goods, snacks, and spreads; and Household and Personal Care products. Products are sold in South Africa and globally across four channels (Retail and wholesale, Food service, Exports, and Industrial and contract manufacturing). The company's operating segment includes Perishable Products, Ambient Products, and Household and Personal Care Products. It generates maximum revenue from the Ambient Products. The company's manufacturing facilities are situated in South Africa.
76GF Score

Get the complete analysis for JSE:LBR

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R4.25
Price
R4.23
GF Value