Anglogold AshantiMEX:AUN 61 Altman Z-Score is 7.24 as of Jun. 24, 2026, which is 285% above its 10-year median of 1.88. GuruFocus rates MEX:AUN with a GF Score™ of 61/100 and a GF Value™ of MXN965.22 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 790 Metals & Mining companies, Anglogold Ashanti ranks better than 77.97% 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 7.63 is strong.
Anglogold Ashanti has a Altman Z-Score of 7.24, 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 Anglogold Ashanti's Altman Z-Score or its related term are showing as below:
MEX:AUN'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.97 Med: 1.88 Max: 8.41
Current: 7.63
During the past 13 years, Anglogold Ashanti's highest Altman Z-Score was 8.41. The lowest was 0.97. And the median was 1.88.
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.
Anglogold Ashanti Altman Z-Score Related Terms
Anglogold Ashanti Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Anglogold Ashanti'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.
MEX:AUN vs CDE, RGLD, AUGO: Altman Z-Score Comparison
For the Gold subindustry, Anglogold Ashanti'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.
Anglogold Ashanti Altman Z-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Anglogold Ashanti's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Anglogold Ashanti'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.
Anglogold Ashanti'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
*
0.1924
+
1.4
*
0.5073
+
3.3
*
0.3709
+
0.6
*
7.2642
+
1.0
*
0.7202
=
7.24
* 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.
Anglogold Ashanti (MEX:AUN) has a Altman Z-Score of 7.24 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Anglogold Ashanti and its competitors. This is 285% above median its historical median of 1.88. Over the past decade, Anglogold Ashanti's Altman Z-Score has ranged from 0.97 to 8.41. According to the industry distribution chart, Anglogold Ashanti ranks #174 out of 790 companies in the Metals & Mining industry, placing it in the top 22%.
Is Anglogold Ashanti's Altman Z-Score too high?
Anglogold Ashanti's current Altman Z-Score of 7.24 is 285% above median its 10-year median of 1.88. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 8.41. The Metals & Mining industry median Altman Z-Score is 3.45. Anglogold Ashanti's value of 7.24 is 110.2% above this industry median. Based on the distribution chart, Anglogold Ashanti ranks #174 out of 790 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Anglogold Ashanti has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglogold Ashanti's Altman Z-Score compare to CDE and RGLD?
According to the Metals & Mining industry distribution chart, Anglogold Ashanti ranks #174 out of 790 companies for Altman Z-Score. This places Anglogold Ashanti in the top 22% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.45. Anglogold Ashanti's value of 7.24 is 110.2% above this benchmark. Historically, Anglogold Ashanti's own Altman Z-Score has ranged from 0.97 to 8.41 over the past decade. While the company's 10-year median is 1.88 vs. the industry median of 3.45, Anglogold Ashanti 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 Metals & Mining company?
The median Altman Z-Score among Metals & Mining companies is 3.45, based on 790 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. Anglogold Ashanti's current Altman Z-Score of 7.24 is 110.2% 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 Anglogold Ashanti and its competitors. For the Metals & Mining industry, the median Altman Z-Score is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anglogold Ashanti's current Altman Z-Score is 7.24, which is 285% above median its own 10-year median of 1.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglogold Ashanti stock overvalued right now?
Based on GuruFocus' analysis, Anglogold Ashanti (MEX:AUN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN965.22, compared to a current price of MXN1,478.00 — trading 53.1% above its estimated fair value. The current Altman Z-Score is 7.24, which is 285% above median its 10-year median of 1.88 and 110.2% above the Metals & Mining industry median of 3.45. Anglogold Ashanti's overall GF Score™ is 61/100 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 Anglogold Ashanti (MEX:AUN), the current Altman Z-Score is 7.24 as of Jun. 24, 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 Anglogold Ashanti (MEX:AUN) Overvalued in 2026?
Based on GuruFocus' analysis, Anglogold Ashanti stock appears to be overvalued.
The current stock price of MXN1,478.00 is trading 53.1% above its estimated GF Value™ of MXN965.22.
GuruFocus considers Anglogold Ashanti to be Significantly Overvalued.
Key valuation signals for MEX:AUN:
Altman Z-Score: 7.24 (285% above median its 10-year median of 1.88)
GF Value™: MXN965.22 vs. price of MXN1,478.00 (53.1% above fair value)
Industry Position: 110.2% above the Metals & Mining median (#174 of 790)
No single metric tells the full story. See the MEX:AUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anglogold Ashanti PLC is an independent gold mining company. It has a diversified asset portfolio, including production from operations in eight countries (Argentina, Australia, Brazil, Egypt, Ghana, Guinea, the DRC, and Tanzania), supported by greenfield projects in the United States and Colombia. The company's main product is gold, which once mined, is processed into dore (unrefined gold bars) on site and then dispatched to precious metals refineries. Geographically, Anglogold generates maximum revenue from its operations in Africa (comprising operations at Kibali, Iduapriem, Obuasi, Siguiri, Geita, and Sukari mines), followed by Australia (including Sunrise Dam and Tropicana), and the Americas (comprising Cerro Vanguardia, AngloGold Ashanti Mineracao, and Serra Grande operations).
61GF Score
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