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 2.19 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.
EZZ Steel CoE has a Altman Z-Score of 2.63, indicating it is in Grey Zones. This implies that EZZ Steel CoE 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 EZZ Steel CoE's Altman Z-Score or its related term are showing as below:
LSE:67NW'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.47 Med: 0.96 Max: 2.05
Current: 2.19
During the past 13 years, EZZ Steel CoE's highest Altman Z-Score was 2.05. The lowest was -0.47. And the median was 0.96.
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.
EZZ Steel CoE Altman Z-Score Related Terms
EZZ Steel CoE Altman Z-Score Historical Data
* Premium members only.
The historical data trend for EZZ Steel CoE'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.
LSE:67NW vs NUE, STLD, RS: Altman Z-Score Comparison
For the Steel subindustry, EZZ Steel CoE'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.
EZZ Steel CoE Altman Z-Score vs Steel Industry
For the Steel industry and Basic Materials sector, EZZ Steel CoE's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where EZZ Steel CoE'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.
EZZ Steel CoE'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
*
0.0122
+
1.4
*
-0.054
+
3.3
*
0.1292
+
0.6
*
0.5751
+
1.0
*
1.9151
=
2.63
* 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.
EZZ Steel CoE (LSE:67NW) has a Altman Z-Score of 2.63 as of Jul. 07, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on EZZ Steel CoE and its competitors. This is 174% above median its historical median of 0.96.
Is EZZ Steel CoE's Altman Z-Score too high?
EZZ Steel CoE's current Altman Z-Score of 2.63 is 174% above median its 10-year median of 0.96. The Steel industry median Altman Z-Score is 2.46. EZZ Steel CoE's value of 2.63 is 6.9% above this industry median. Overall, EZZ Steel CoE has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does EZZ Steel CoE's Altman Z-Score compare to NUE and STLD?
EZZ Steel CoE's Altman Z-Score of 2.63 can be compared against companies in the Steel industry. The industry median Altman Z-Score is 2.46. EZZ Steel CoE's value of 2.63 is 6.9% above this benchmark. While the company's 10-year median is 0.96 vs. the industry median of 2.46, EZZ Steel CoE 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 Steel company?
The median Altman Z-Score among Steel companies is 2.46, based on 610 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. EZZ Steel CoE's current Altman Z-Score of 2.63 is 6.9% 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 EZZ Steel CoE and its competitors. For the Steel industry, the median Altman Z-Score is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EZZ Steel CoE's current Altman Z-Score is 2.63, which is 174% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EZZ Steel CoE stock overvalued right now?
EZZ Steel CoE (LSE:67NW) has a current Altman Z-Score of 2.63. The current Altman Z-Score is 2.63, which is 174% above median its 10-year median of 0.96 and 6.9% above the Steel industry median of 2.46. EZZ Steel CoE's overall GF Score™ is 4/100 with 7 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 EZZ Steel CoE (LSE:67NW), the current Altman Z-Score is 2.63 as of Jul. 07, 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.
EZZ Steel Co SAE is an Egypt-based company that manufactures and distributes long and flat steel products. The company's long products, including rebar and wire rod, are employed in applications including concrete reinforcement bars, nails, bolts, tacks, welding tools, electrical components, wire mesh, and others. The company's flat products are applied in automotive components, suspension parts, wheels, containers, gas cylinders, and others.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LSE:67NW has been successfully added to your 