James HalsteadLSE:JHDA.PFD 77 Altman Z-Score is 3.90 as of Jun. 25, 2026, which is 63% below its 10-year median of 10.60. GuruFocus rates LSE:JHDA.PFD with a GF Score™ of 77/100. The stock has 2 warning signs investors should review. Among 1,758 Construction companies, James Halstead ranks better than 94.43% 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 8.85 is strong.
James Halstead has a Altman Z-Score of 3.90, 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 James Halstead's Altman Z-Score or its related term are showing as below:
LSE:JHDA.PFD'
s Altman Z-Score Range Over the Past 10 Years
Min: 8.31 Med: 10.6 Max: 11.6
Current: 8.85
During the past 13 years, James Halstead's highest Altman Z-Score was 11.60. The lowest was 8.31. And the median was 10.60.
James Halstead (LSE:JHDA.PFD) 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.
James Halstead Altman Z-Score Related Terms
James Halstead Altman Z-Score Historical Data
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The historical data trend for James Halstead'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:JHDA.PFD vs TT, JCI, CARR: Altman Z-Score Comparison
For the Building Products & Equipment subindustry, James Halstead'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.
James Halstead Altman Z-Score vs Construction Industry
For the Construction industry and Industrials sector, James Halstead's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where James Halstead'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.
James Halstead'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
*
0.5984
+
1.4
*
0.667
+
3.3
*
0.2306
+
0.6
*
0.6627
+
1.0
*
1.0904
=
3.90
* 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.
James Halstead (LSE:JHDA.PFD) has a Altman Z-Score of 3.90 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on James Halstead and its competitors. This is 63% below median its historical median of 10.60. Over the past decade, James Halstead's Altman Z-Score has ranged from 8.31 to 11.60. According to the industry distribution chart, James Halstead ranks #98 out of 1758 companies in the Construction industry, placing it in the top 5.6%.
Is James Halstead's Altman Z-Score too high?
James Halstead's current Altman Z-Score of 3.90 is 63% below median its 10-year median of 10.60. Over the past 10 years, this metric has ranged from a low of 8.31 to a high of 11.60. The Construction industry median Altman Z-Score is 2.35. James Halstead's value of 3.90 is 66% above this industry median. Based on the distribution chart, James Halstead ranks #98 out of 1758 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, James Halstead has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does James Halstead's Altman Z-Score compare to TT and JCI?
According to the Construction industry distribution chart, James Halstead ranks #98 out of 1758 companies for Altman Z-Score. This places James Halstead in the top 6% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.35. James Halstead's value of 3.90 is 66% above this benchmark. Historically, James Halstead's own Altman Z-Score has ranged from 8.31 to 11.60 over the past decade. While the company's 10-year median is 10.60 vs. the industry median of 2.35, James Halstead 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 Construction company?
The median Altman Z-Score among Construction companies is 2.35, based on 1,758 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. James Halstead's current Altman Z-Score of 3.90 is 66% 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 James Halstead and its competitors. For the Construction industry, the median Altman Z-Score is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. James Halstead's current Altman Z-Score is 3.90, which is 63% below median its own 10-year median of 10.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is James Halstead stock overvalued right now?
James Halstead (LSE:JHDA.PFD) has a current Altman Z-Score of 3.90. The current Altman Z-Score is 3.90, which is 63% below median its 10-year median of 10.60 and 66% above the Construction industry median of 2.35. James Halstead's overall GF Score™ is 77/100 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 James Halstead (LSE:JHDA.PFD), the current Altman Z-Score is 3.90 as of Jun. 25, 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.
James Halstead PLC manufactures commercial, contract, and consumer flooring. The flooring is used in offices, retail shops, factories, clinics, hospitals, schools, hotels, cinemas, restaurants, and airports. The firm's portfolio of brands includes Polyflor, Polysafe, Expona, Performa, Saarfloor Systems, Megastrong, Camaro, Colonia, Kudos, Expona Domestic, Voyager, Forest fx, Cavalio, and Arai. Arai is a helmet manufacturer focused on motorsports. Its geographic segments include the United Kingdom; Europe and Scandinavia; Australasia and Asia; and the Rest of the World.
77GF Score
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