Altitude Group (LSE:ALT) Altman Z-Score: 3.28 (As of Jun. 28, 2026) — 25% Below Median


LSE:ALT Altitude Group PLC LSE:ALT
52 GF Score
Price £0.25
GF Value £0.52
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Altitude Group Altman Z-Score?

Altitude Group LSE:ALT 52 Altman Z-Score is 3.28 as of Jun. 28, 2026, which is 25% below its 10-year median of 4.38. GuruFocus rates LSE:ALT with a GF Score™ of 52/100 and a GF Value™ of £0.52 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 2,765 Software companies, Altitude Group ranks better than 52.66% 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 3.28 is strong.

Altitude Group has a Altman Z-Score of 3.28, 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 Altitude Group's Altman Z-Score or its related term are showing as below:

LSE:ALT' s Altman Z-Score Range Over the Past 10 Years
Min: -1.45   Med: 4.38   Max: 13.96
Current: 3.28

During the past 13 years, Altitude Group's highest Altman Z-Score was 13.96. The lowest was -1.45. And the median was 4.38.


Altitude Group  (LSE:ALT) 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.


Altitude Group Altman Z-Score Related Terms


Altitude Group Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Altitude Group'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.

Altitude Group Altman Z-Score Chart

Altitude Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Mar21 Mar22 Mar23 Mar24 Mar25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.14 4.38 5.05 4.09 3.35

Altitude Group Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 0.00 4.09 0.00 3.35 0.00

LSE:ALT vs CRM, SHOP, UBER: Altman Z-Score Comparison

For the Software - Application subindustry, Altitude Group'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.


Altitude Group Altman Z-Score vs Software Industry

For the Software industry and Technology sector, Altitude Group's Altman Z-Score distribution charts can be found below:

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


LSE:ALT
52GF Score
Altitude Group PLC LSE:ALT
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Altitude Group 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.

Altitude Group'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*0.2305+1.4*-0.6597+3.3*0.0258+0.6*3.5511+1.0*1.713
=3.28

* 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 Mar. 2025:
Total Assets was £16.83 Mil.
Total Current Assets was £8.51 Mil.
Total Current Liabilities was £4.63 Mil.
Retained Earnings was £-11.11 Mil.
Pre-Tax Income was £0.33 Mil.
Interest Expense was £-0.11 Mil.
Revenue was £28.84 Mil.
Market Cap (Today) was £17.92 Mil.
Total Liabilities was £5.05 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
=(8.509 - 4.629)/16.834
=0.2305

X2=Retained Earnings/Total Assets
=-11.105/16.834
=-0.6597

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(0.326 - -0.108)/16.834
=0.0258

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=17.919/5.046
=3.5511

X5=Revenue/Total Assets
=28.837/16.834
=1.713

The zones of discrimination were as such:

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

Altitude Group has a Altman Z-Score of 3.28 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 3.28 mean?
Altitude Group (LSE:ALT) has a Altman Z-Score of 3.28 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Altitude Group and its competitors. This is 25% below median its historical median of 4.38. According to the industry distribution chart, Altitude Group ranks #1309 out of 2765 companies in the Software industry, placing it in the top 47.3%.
Is Altitude Group's Altman Z-Score too high?
Altitude Group's current Altman Z-Score of 3.28 is 25% below median its 10-year median of 4.38. The Software industry median Altman Z-Score is 3.10. Altitude Group's value of 3.28 is 5.8% above this industry median. Based on the distribution chart, Altitude Group ranks #1309 out of 2765 companies in the Software industry, which is above the industry midpoint. Overall, Altitude Group has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Altitude Group's Altman Z-Score compare to CRM and SHOP?
According to the Software industry distribution chart, Altitude Group ranks #1309 out of 2765 companies for Altman Z-Score. This puts Altitude Group in the upper half of its industry. The industry median Altman Z-Score is 3.10. Altitude Group's value of 3.28 is 5.8% above this benchmark. While the company's 10-year median is 4.38 vs. the industry median of 3.10, Altitude Group 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 Software company?
The median Altman Z-Score among Software companies is 3.10, based on 2,765 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. Altitude Group's current Altman Z-Score of 3.28 is 5.8% 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 Altitude Group and its competitors. For the Software industry, the median Altman Z-Score is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altitude Group's current Altman Z-Score is 3.28, which is 25% below median its own 10-year median of 4.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altitude Group stock overvalued right now?
Based on GuruFocus' analysis, Altitude Group (LSE:ALT) is currently considered Significantly Undervalued. The stock's GF Value™ is £0.52, compared to a current price of £0.25 — trading 52.9% below its estimated fair value. The current Altman Z-Score is 3.28, which is 25% below median its 10-year median of 4.38 and 5.8% above the Software industry median of 3.10. Altitude Group's overall GF Score™ is 52/100 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 Altitude Group (LSE:ALT), the current Altman Z-Score is 3.28 as of Jun. 28, 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 Altitude Group (LSE:ALT) Overvalued in 2026?

Based on GuruFocus' analysis, Altitude Group stock appears to be undervalued. The current stock price of £0.25 is trading 52.9% below its estimated GF Value™ of £0.52. GuruFocus considers Altitude Group to be Significantly Undervalued.

Key valuation signals for LSE:ALT:

  • Altman Z-Score: 3.28 (25% below median its 10-year median of 4.38)
  • GF Value™: £0.52 vs. price of £0.25 (52.9% below fair value)
  • GF Score™: 52/100 with 4 warning signs
  • Industry Position: 5.8% above the Software median (#1309 of 2765)

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


Altitude Group Business Description

Address 71-75 Shelton Street, Covent Garden, Mancheste, GBR, WC2H 9JQ
Altitude Group PLC operates a diversified portfolio Group that is the end-to-end solutions provider for branded merchandise across a variety of sectors, from the corporate promotional products industry and print vertical markets to the higher education sector. The Group has operations in North America, the UK, and Europe. Its service portfolio comprises technology services such as cloud and server-based software, website solutions, and information service solutions. It derives mainly of its revenue from North America.
52GF Score

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

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