Magellan AerospaceMALJF +7.14%74 Altman Z-Score is 4.77 as of Jun. 27, 2026, which is 47% above its 10-year median of 3.25. GuruFocus rates MALJF with a GF Score™ of 74/100 and a GF Value™ of $8.37 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 337 Aerospace & Defense companies, Magellan Aerospace ranks better than 63.8% 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 4.9 is strong.
Magellan Aerospace has a Altman Z-Score of 4.77, 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 Magellan Aerospace's Altman Z-Score or its related term are showing as below:
MALJF'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.58 Med: 3.25 Max: 4.9
Current: 4.9
During the past 13 years, Magellan Aerospace's highest Altman Z-Score was 4.90. The lowest was 2.58. And the median was 3.25.
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.
Magellan Aerospace Altman Z-Score Related Terms
Magellan Aerospace Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Magellan Aerospace'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.
For the Aerospace & Defense subindustry, Magellan Aerospace'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.
Magellan Aerospace Altman Z-Score vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Magellan Aerospace's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Magellan Aerospace'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.
Magellan Aerospace'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
*
0.3503
+
1.4
*
0.4246
+
3.3
*
0.051
+
0.6
*
4.5337
+
1.0
*
0.8646
=
4.77
* 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.
Magellan Aerospace (MALJF) has a Altman Z-Score of 4.77 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Magellan Aerospace and its competitors. This is 47% above median its historical median of 3.25. Over the past decade, Magellan Aerospace's Altman Z-Score has ranged from 2.58 to 4.90. According to the industry distribution chart, Magellan Aerospace ranks #122 out of 337 companies in the Aerospace & Defense industry, placing it in the top 36.2%.
Is Magellan Aerospace's Altman Z-Score too high?
Magellan Aerospace's current Altman Z-Score of 4.77 is 47% above median its 10-year median of 3.25. Over the past 10 years, this metric has ranged from a low of 2.58 to a high of 4.90. The Aerospace & Defense industry median Altman Z-Score is 3.55. Magellan Aerospace's value of 4.77 is 34.4% above this industry median. Based on the distribution chart, Magellan Aerospace ranks #122 out of 337 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Magellan Aerospace has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Magellan Aerospace's Altman Z-Score compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, Magellan Aerospace ranks #122 out of 337 companies for Altman Z-Score. This puts Magellan Aerospace in the upper half of its industry. The industry median Altman Z-Score is 3.55. Magellan Aerospace's value of 4.77 is 34.4% above this benchmark. Historically, Magellan Aerospace's own Altman Z-Score has ranged from 2.58 to 4.90 over the past decade. While the company's 10-year median is 3.25 vs. the industry median of 3.55, Magellan Aerospace 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 Aerospace & Defense company?
The median Altman Z-Score among Aerospace & Defense companies is 3.55, based on 337 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. Magellan Aerospace's current Altman Z-Score of 4.77 is 34.4% 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 Magellan Aerospace and its competitors. For the Aerospace & Defense industry, the median Altman Z-Score is 3.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Magellan Aerospace's current Altman Z-Score is 4.77, which is 47% above median its own 10-year median of 3.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magellan Aerospace stock overvalued right now?
Based on GuruFocus' analysis, Magellan Aerospace (MALJF) is currently considered Significantly Overvalued. The stock's GF Value™ is $8.37, compared to a current price of $22.51 — trading 168.9% above its estimated fair value. The current Altman Z-Score is 4.77, which is 47% above median its 10-year median of 3.25 and 34.4% above the Aerospace & Defense industry median of 3.55. Magellan Aerospace's overall GF Score™ is 74/100 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 Magellan Aerospace (MALJF), the current Altman Z-Score is 4.77 as of Jun. 27, 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 Magellan Aerospace (MALJF) Overvalued in 2026?
Based on GuruFocus' analysis, Magellan Aerospace stock appears to be overvalued.
The current stock price of $22.51 is trading 168.9% above its estimated GF Value™ of $8.37.
GuruFocus considers Magellan Aerospace to be Significantly Overvalued.
Key valuation signals for MALJF:
Altman Z-Score: 4.77 (47% above median its 10-year median of 3.25)
GF Value™: $8.37 vs. price of $22.51 (168.9% above fair value)
Industry Position: 34.4% above the Aerospace & Defense median (#122 of 337)
No single metric tells the full story. See the MALJF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Magellan Aerospace Corp supplies components to the aerospace industry. Through its subsidiaries, it engineers and manufactures aero-engine and aerostructure components for aerospace markets, including products for defense and space markets, and complementary specialty products. Some of its product offerings include honeycomb and filament-wound tubes, frames, compressor components, bypass ducts, black brant rockets, and helicopter power transmission housings, among others. The group also supports the aftermarket through the supply of spare parts as well as through repair and overhaul services. It operates activities in one reportable segment, namely Aerospace. Geographically, the group derives its maximum revenue from Canada, followed by the United States and Europe.
74GF Score
Get the complete analysis for MALJF
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MALJF has been successfully added to your 
