KEQU (Kewaunee Scientific) Altman Z-Score: 3.46 (As of Jul. 21, 2026) — Near Median

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KEQU Kewaunee Scientific Corp KEQU
72 GF Score
Price $37.40
GF Value $45.40
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Kewaunee Scientific Altman Z-Score?

Kewaunee Scientific KEQU +0.39% 72 Altman Z-Score is 3.46 as of Jul. 21, 2026, which is 4% above its 10-year median of 3.33. GuruFocus rates KEQU with a GF Score™ of 72/100 and a GF Value™ of $45.40 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 428 Furnishings, Fixtures & Appliances companies, Kewaunee Scientific ranks better than 63.08% 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 3.44 is strong.

Kewaunee Scientific has a Altman Z-Score of 3.46, 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 Kewaunee Scientific's Altman Z-Score or its related term are showing as below:

KEQU' s Altman Z-Score Range Over the Past 10 Years
Min: 2.49   Med: 3.33   Max: 5.04
Current: 3.44

During the past 13 years, Kewaunee Scientific's highest Altman Z-Score was 5.04. The lowest was 2.49. And the median was 3.33.


Kewaunee Scientific  (NAS:KEQU) 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.


Kewaunee Scientific Altman Z-Score Related Terms


Kewaunee Scientific Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Kewaunee Scientific'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.

Kewaunee Scientific Altman Z-Score Chart

Kewaunee Scientific Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.49 3.18 3.64 2.78 3.48

Kewaunee Scientific Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 2.78 3.33 3.38 3.57 3.48

KEQU vs VIRC, BSET, VIOT: Altman Z-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Kewaunee Scientific'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.


Kewaunee Scientific Altman Z-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Kewaunee Scientific's Altman Z-Score distribution charts can be found below:

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


KEQU
72GF Score
Kewaunee Scientific Corp KEQU
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Kewaunee Scientific 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.

Kewaunee Scientific'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*0.3199+1.4*0.3844+3.3*0.0987+0.6*1.057+1.0*1.5815
=3.46

* 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 Apr. 2026:
Total Assets was $178.3 Mil.
Total Current Assets was $105.4 Mil.
Total Current Liabilities was $48.4 Mil.
Retained Earnings was $68.5 Mil.
Pre-Tax Income was 4.756 + 1.604 + 3.453 + 3.92 = $13.7 Mil.
Interest Expense was -0.631 + -1.112 + -1.061 + -1.058 = $-3.9 Mil.
Revenue was 71.4 + 69.399 + 70.096 + 71.104 = $282.0 Mil.
Market Cap (Today) was $107.3 Mil.
Total Liabilities was $101.5 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
=(105.397 - 48.351)/178.311
=0.3199

X2=Retained Earnings/Total Assets
=68.537/178.311
=0.3844

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(13.733 - -3.862)/178.311
=0.0987

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=107.282/101.499
=1.057

X5=Revenue/Total Assets
=281.999/178.311
=1.5815

The zones of discrimination were as such:

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

Kewaunee Scientific has a Altman Z-Score of 3.46 indicating it is in Safe 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 3.46 mean?
Kewaunee Scientific (KEQU) has a Altman Z-Score of 3.46 as of Jul. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Kewaunee Scientific and its competitors. This is near median its historical median of 3.33. Over the past decade, Kewaunee Scientific's Altman Z-Score has ranged from 2.49 to 5.04. According to the industry distribution chart, Kewaunee Scientific ranks #158 out of 428 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 36.9%.
Is Kewaunee Scientific's Altman Z-Score too high?
Kewaunee Scientific's current Altman Z-Score of 3.46 is near median its 10-year median of 3.33. Over the past 10 years, this metric has ranged from a low of 2.49 to a high of 5.04. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.79. Kewaunee Scientific's value of 3.46 is 24% above this industry median. Based on the distribution chart, Kewaunee Scientific ranks #158 out of 428 companies in the Furnishings, Fixtures & Appliances industry, which is above the industry midpoint. Overall, Kewaunee Scientific has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kewaunee Scientific's Altman Z-Score compare to VIRC and BSET?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Kewaunee Scientific ranks #158 out of 428 companies for Altman Z-Score. This puts Kewaunee Scientific in the upper half of its industry. The industry median Altman Z-Score is 2.79. Kewaunee Scientific's value of 3.46 is 24% above this benchmark. Historically, Kewaunee Scientific's own Altman Z-Score has ranged from 2.49 to 5.04 over the past decade. While the company's 10-year median is 3.33 vs. the industry median of 2.79, Kewaunee Scientific 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 Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.79, based on 428 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. Kewaunee Scientific's current Altman Z-Score of 3.46 is 24% 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 Kewaunee Scientific and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kewaunee Scientific's current Altman Z-Score is 3.46, which is near median its own 10-year median of 3.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kewaunee Scientific stock overvalued right now?
Based on GuruFocus' analysis, Kewaunee Scientific (KEQU) is currently considered Modestly Undervalued. The stock's GF Value™ is $45.40, compared to a current price of $37.40 — trading 17.6% below its estimated fair value. The current Altman Z-Score is 3.46, which is near median its 10-year median of 3.33 and 24% above the Furnishings, Fixtures & Appliances industry median of 2.79. Kewaunee Scientific's 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 Kewaunee Scientific (KEQU), the current Altman Z-Score is 3.46 as of Jul. 21, 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 Kewaunee Scientific (KEQU) Overvalued in 2026?

Based on GuruFocus' analysis, Kewaunee Scientific stock appears to be undervalued. The current stock price of $37.40 is trading 17.6% below its estimated GF Value™ of $45.40. GuruFocus considers Kewaunee Scientific to be Modestly Undervalued.

Key valuation signals for KEQU:

  • Altman Z-Score: 3.46 (near median its 10-year median of 3.33)
  • GF Value™: $45.40 vs. price of $37.40 (17.6% below fair value)
  • GF Score™: 72/100 with 2 warning signs
  • Industry Position: 24% above the Furnishings, Fixtures & Appliances median (#158 of 428)

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


Kewaunee Scientific Business Description

Other Exchanges KEW:Germany
Address 2700 West Front street, Statesville, NC, USA, 28677-2927
Kewaunee Scientific Corp is a designer and manufacturer of technical furniture products for industries investing in spaces where discovery occurs, typically in laboratories. It serves in end-use markets that are all commercial, Life sciences, pharma, education, government and military research, etc. The company operates through two segments: The domestic segment designs manufactures and installs scientific and technical furniture, including steel and wood laboratory cabinetry, fume hoods, laminate casework, flexible systems, and Others; The International segment provides facility design, engineering, construction, and project management from the planning stage through the testing and commissioning of laboratories. It generates the majority of its revenue from the Domestic business segment.
72GF Score

Get the complete analysis for KEQU

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

$37.40
Price
$45.40
GF Value