AJ BellLSE:AJB +4.62%98 Altman Z-Score is 21.22 as of Jul. 01, 2026, which is 14% below its 10-year median of 24.76. GuruFocus rates LSE:AJB with a GF Score™ of 98/100 and a GF Value™ of £5.79 (Fairly Valued). The stock has 4 warning signs investors should review. Among 645 Asset Management companies, AJ Bell ranks better than 83.88% 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 21.22 is strong.
AJ Bell has a Altman Z-Score of 21.22, 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 AJ Bell's Altman Z-Score or its related term are showing as below:
LSE:AJB'
s Altman Z-Score Range Over the Past 10 Years
Min: 13.81 Med: 24.76 Max: 63.07
Current: 21.22
During the past 10 years, AJ Bell's highest Altman Z-Score was 63.07. The lowest was 13.81. And the median was 24.76.
AJ Bell (LSE:AJB) 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.
AJ Bell Altman Z-Score Related Terms
AJ Bell Altman Z-Score Historical Data
* Premium members only.
The historical data trend for AJ Bell'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:AJB vs BLK, BX, KKR: Altman Z-Score Comparison
For the Asset Management subindustry, AJ Bell'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.
AJ Bell Altman Z-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, AJ Bell's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where AJ Bell'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.
AJ Bell'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
*
0.6441
+
1.4
*
0.6902
+
3.3
*
0.4578
+
0.6
*
28.1971
+
1.0
*
1.0487
=
21.22
* 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.
AJ Bell (LSE:AJB) has a Altman Z-Score of 21.22 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on AJ Bell and its competitors. This is 14% below median its historical median of 24.76. Over the past decade, AJ Bell's Altman Z-Score has ranged from 13.81 to 63.07. According to the industry distribution chart, AJ Bell ranks #104 out of 645 companies in the Asset Management industry, placing it in the top 16.1%.
Is AJ Bell's Altman Z-Score too high?
AJ Bell's current Altman Z-Score of 21.22 is 14% below median its 10-year median of 24.76. Over the past 10 years, this metric has ranged from a low of 13.81 to a high of 63.07. The Asset Management industry median Altman Z-Score is 3.53. AJ Bell's value of 21.22 is 501.1% above this industry median. Based on the distribution chart, AJ Bell ranks #104 out of 645 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, AJ Bell has a GF Score™ of 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does AJ Bell's Altman Z-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, AJ Bell ranks #104 out of 645 companies for Altman Z-Score. This places AJ Bell in the top 16% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.53. AJ Bell's value of 21.22 is 501.1% above this benchmark. Historically, AJ Bell's own Altman Z-Score has ranged from 13.81 to 63.07 over the past decade. While the company's 10-year median is 24.76 vs. the industry median of 3.53, AJ Bell 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 an Asset Management company?
The median Altman Z-Score among Asset Management companies is 3.53, based on 645 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. AJ Bell's current Altman Z-Score of 21.22 is 501.1% 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 AJ Bell and its competitors. For the Asset Management industry, the median Altman Z-Score is 3.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AJ Bell's current Altman Z-Score is 21.22, which is 14% below median its own 10-year median of 24.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AJ Bell stock overvalued right now?
Based on GuruFocus' analysis, AJ Bell (LSE:AJB) is currently considered Fairly Valued. The stock's GF Value™ is £5.79, compared to a current price of £6.12 — trading 5.6% above its estimated fair value. The current Altman Z-Score is 21.22, which is 14% below median its 10-year median of 24.76 and 501.1% above the Asset Management industry median of 3.53. AJ Bell's overall GF Score™ is 98/100 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 AJ Bell (LSE:AJB), the current Altman Z-Score is 21.22 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 AJ Bell (LSE:AJB) Overvalued in 2026?
Based on GuruFocus' analysis, AJ Bell stock appears to be overvalued.
The current stock price of £6.12 is trading 5.6% above its estimated GF Value™ of £5.79.
GuruFocus considers AJ Bell to be Fairly Valued.
Key valuation signals for LSE:AJB:
Altman Z-Score: 21.22 (14% below median its 10-year median of 24.76)
GF Value™: £5.79 vs. price of £6.12 (5.6% above fair value)
Industry Position: 501.1% above the Asset Management median (#104 of 645)
No single metric tells the full story. See the LSE:AJB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AJ Bell PLC is an investment platform in the United Kingdom. The Group has a single operating segment, being investment services in the advised and D2C space, administering investments in SIPPs, ISAs, and General Investment / Dealing Accounts. SIPPs and ISAs, Lifetime ISA, and junior products. The company generates revenue from recurring ad valorem, which includes custody fees, interest income, and investment management fees, and transactional. The company earns its revenue from its domicile country United Kingdom.
98GF Score
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