KGHM Polska MiedzKGHPF -1.11%64 Altman Z-Score is 3.46 as of Jul. 01, 2026, which is 64% above its 10-year median of 2.11. GuruFocus rates KGHPF with a GF Score™ of 64/100 and a GF Value™ of $41.47 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 787 Metals & Mining companies, KGHM Polska Miedz ranks better than 51.08% 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.
KGHM Polska Miedz 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 KGHM Polska Miedz's Altman Z-Score or its related term are showing as below:
KGHPF'
s Altman Z-Score Range Over the Past 10 Years
Min: 1 Med: 2.11 Max: 3.44
Current: 3.44
During the past 13 years, KGHM Polska Miedz's highest Altman Z-Score was 3.44. The lowest was 1.00. And the median was 2.11.
KGHM Polska Miedz (OTCPK:KGHPF) 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.
KGHM Polska Miedz Altman Z-Score Related Terms
KGHM Polska Miedz Altman Z-Score Historical Data
* Premium members only.
The historical data trend for KGHM Polska Miedz'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.
For the Copper subindustry, KGHM Polska Miedz'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.
KGHM Polska Miedz Altman Z-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, KGHM Polska Miedz's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where KGHM Polska Miedz'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.
KGHM Polska Miedz'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
*
0.0562
+
1.4
*
0.5451
+
3.3
*
0.1517
+
0.6
*
2.5084
+
1.0
*
0.6193
=
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.
KGHM Polska Miedz (KGHPF) has a Altman Z-Score of 3.46 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on KGHM Polska Miedz and its competitors. This is 64% above median its historical median of 2.11. Over the past decade, KGHM Polska Miedz's Altman Z-Score has ranged from 1.00 to 3.44. According to the industry distribution chart, KGHM Polska Miedz ranks #385 out of 787 companies in the Metals & Mining industry, placing it in the top 48.9%.
Is KGHM Polska Miedz's Altman Z-Score too high?
KGHM Polska Miedz's current Altman Z-Score of 3.46 is 64% above median its 10-year median of 2.11. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 3.44. The Metals & Mining industry median Altman Z-Score is 3.37. KGHM Polska Miedz's value of 3.46 is 2.7% above this industry median. Based on the distribution chart, KGHM Polska Miedz ranks #385 out of 787 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, KGHM Polska Miedz has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KGHM Polska Miedz's Altman Z-Score compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, KGHM Polska Miedz ranks #385 out of 787 companies for Altman Z-Score. This puts KGHM Polska Miedz in the upper half of its industry. The industry median Altman Z-Score is 3.37. KGHM Polska Miedz's value of 3.46 is 2.7% above this benchmark. Historically, KGHM Polska Miedz's own Altman Z-Score has ranged from 1.00 to 3.44 over the past decade. While the company's 10-year median is 2.11 vs. the industry median of 3.37, KGHM Polska Miedz 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 Metals & Mining company?
The median Altman Z-Score among Metals & Mining companies is 3.37, based on 787 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. KGHM Polska Miedz's current Altman Z-Score of 3.46 is 2.7% 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 KGHM Polska Miedz and its competitors. For the Metals & Mining industry, the median Altman Z-Score is 3.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KGHM Polska Miedz's current Altman Z-Score is 3.46, which is 64% above median its own 10-year median of 2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KGHM Polska Miedz stock overvalued right now?
Based on GuruFocus' analysis, KGHM Polska Miedz (KGHPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $41.47, compared to a current price of $87.52 — trading 111% above its estimated fair value. The current Altman Z-Score is 3.46, which is 64% above median its 10-year median of 2.11 and 2.7% above the Metals & Mining industry median of 3.37. KGHM Polska Miedz's overall GF Score™ is 64/100 with 6 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 KGHM Polska Miedz (KGHPF), the current Altman Z-Score is 3.46 as of Jul. 01, 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 KGHM Polska Miedz (KGHPF) Overvalued in 2026?
Based on GuruFocus' analysis, KGHM Polska Miedz stock appears to be overvalued.
The current stock price of $87.52 is trading 111% above its estimated GF Value™ of $41.47.
GuruFocus considers KGHM Polska Miedz to be Significantly Overvalued.
Key valuation signals for KGHPF:
Altman Z-Score: 3.46 (64% above median its 10-year median of 2.11)
GF Value™: $41.47 vs. price of $87.52 (111% above fair value)
Industry Position: 2.7% above the Metals & Mining median (#385 of 787)
No single metric tells the full story. See the KGHPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KGHM Polska Miedz SA engages in copper ore mining and copper production predominantly in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewelry, photography products, and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is through sales of silver, while a minor portion is generated through the production of gold, salt, and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom, and the Czech Republic, among many other European nations.
64GF Score
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