Ultimate ProductsLSE:ULTP +2.22%64 Altman Z-Score is 2.69 as of Jun. 30, 2026, which is 33% below its 10-year median of 4.02. GuruFocus rates LSE:ULTP with a GF Score™ of 64/100 and a GF Value™ of £1.18 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 425 Furnishings, Fixtures & Appliances companies, Ultimate Products ranks worse than 51.06% 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.
Warning Sign:
Altman Z-score of 2.68 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.
Ultimate Products has a Altman Z-Score of 2.69, indicating it is in Grey Zones. This implies that Ultimate Products 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 Ultimate Products's Altman Z-Score or its related term are showing as below:
LSE:ULTP'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.68 Med: 4.02 Max: 11.54
Current: 2.68
During the past 12 years, Ultimate Products's highest Altman Z-Score was 11.54. The lowest was 2.68. And the median was 4.02.
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.
Ultimate Products Altman Z-Score Related Terms
Ultimate Products Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Ultimate Products'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:ULTP vs SN, SGI, MHK: Altman Z-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, Ultimate Products'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.
Ultimate Products Altman Z-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ultimate Products's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Ultimate Products'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.
Ultimate Products'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
*
0.1205
+
1.4
*
0.3185
+
3.3
*
0.0918
+
0.6
*
0.6414
+
1.0
*
1.4133
=
2.69
* 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.
Ultimate Products (LSE:ULTP) has a Altman Z-Score of 2.69 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ultimate Products and its competitors. This is 33% below median its historical median of 4.02. Over the past decade, Ultimate Products' Altman Z-Score has ranged from 2.68 to 11.54. According to the industry distribution chart, Ultimate Products ranks #217 out of 425 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 51.1%.
Is Ultimate Products' Altman Z-Score too high?
Ultimate Products' current Altman Z-Score of 2.69 is 33% below median its 10-year median of 4.02. Over the past 10 years, this metric has ranged from a low of 2.68 to a high of 11.54. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.77. Ultimate Products' value of 2.69 is 2.9% below this industry median. Based on the distribution chart, Ultimate Products ranks #217 out of 425 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Ultimate Products has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ultimate Products' Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Ultimate Products ranks #217 out of 425 companies for Altman Z-Score. This places Ultimate Products in the lower half of its industry. The industry median Altman Z-Score is 2.77. Ultimate Products' value of 2.69 is 2.9% below this benchmark. Historically, Ultimate Products' own Altman Z-Score has ranged from 2.68 to 11.54 over the past decade. While the company's 10-year median is 4.02 vs. the industry median of 2.77, Ultimate Products has consistently been below 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 Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.77, based on 425 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. Ultimate Products's current Altman Z-Score of 2.69 is 2.9% below 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 Ultimate Products and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultimate Products's current Altman Z-Score is 2.69, which is 33% below median its own 10-year median of 4.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultimate Products stock overvalued right now?
Based on GuruFocus' analysis, Ultimate Products (LSE:ULTP) is currently considered Significantly Undervalued. The stock's GF Value™ is £1.18, compared to a current price of £0.46 — trading 61% below its estimated fair value. The current Altman Z-Score is 2.69, which is 33% below median its 10-year median of 4.02 and 2.9% below the Furnishings, Fixtures & Appliances industry median of 2.77. Ultimate Products' 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 Ultimate Products (LSE:ULTP), the current Altman Z-Score is 2.69 as of Jun. 30, 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 Ultimate Products (LSE:ULTP) Overvalued in 2026?
Based on GuruFocus' analysis, Ultimate Products stock appears to be undervalued.
The current stock price of £0.46 is trading 61% below its estimated GF Value™ of £1.18.
GuruFocus considers Ultimate Products to be Significantly Undervalued.
Key valuation signals for LSE:ULTP:
Altman Z-Score: 2.69 (33% below median its 10-year median of 4.02)
GF Value™: £1.18 vs. price of £0.46 (61% below fair value)
Industry Position: 2.9% below the Furnishings, Fixtures & Appliances median (#217 of 425)
No single metric tells the full story. See the LSE:ULTP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ultimate Products PLC designs, develops and distributes homeware products across its key brands, including the household names Salter and Beldray. Its other brands include Progress, Kleenez, Petra, Maxim, Russell Hobbs, and Intempo among others. The company sells products across different categories, such as small domestic appliances, housewares, laundry, audio, and heating and cooling. Its products are sold to a broad cross-section of both large national and international multi-channel retailers as well as smaller national retail chains, incorporating discount retailers, supermarkets, general retailers, and online retailers. Geographically, the company derives its key revenue from the United Kingdom and the rest from Germany, Rest of Europe and the Rest of the world.
64GF Score
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