Kinross GoldMEX:KGCN -18.54%83 Altman Z-Score is 5.86 as of Jun. 25, 2026, which is 2342% above its 10-year median of 0.24. GuruFocus rates MEX:KGCN with a GF Score™ of 83/100 and a GF Value™ of MXN282.64 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 790 Metals & Mining companies, Kinross Gold ranks better than 73.54% 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 6.13 is strong.
Kinross Gold has a Altman Z-Score of 5.86, 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 Kinross Gold's Altman Z-Score or its related term are showing as below:
MEX:KGCN'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.7 Med: 0.24 Max: 7.39
Current: 6.13
During the past 13 years, Kinross Gold's highest Altman Z-Score was 7.39. The lowest was -0.70. And the median was 0.24.
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.
Kinross Gold Altman Z-Score Related Terms
Kinross Gold Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Kinross Gold'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:KGCN vs NEM, AU, CDE: Altman Z-Score Comparison
For the Gold subindustry, Kinross Gold'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.
Kinross Gold Altman Z-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Kinross Gold's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Kinross Gold'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.
Kinross Gold'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
*
0.1849
+
1.4
*
-0.3996
+
3.3
*
0.3184
+
0.6
*
7.5285
+
1.0
*
0.626
=
5.86
* 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.
Kinross Gold (MEX:KGCN) has a Altman Z-Score of 5.86 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Kinross Gold and its competitors. This is 2342% above median its historical median of 0.24. According to the industry distribution chart, Kinross Gold ranks #209 out of 790 companies in the Metals & Mining industry, placing it in the top 26.5%.
Is Kinross Gold's Altman Z-Score too high?
Kinross Gold's current Altman Z-Score of 5.86 is 2342% above median its 10-year median of 0.24. The Metals & Mining industry median Altman Z-Score is 3.45. Kinross Gold's value of 5.86 is 70.1% above this industry median. Based on the distribution chart, Kinross Gold ranks #209 out of 790 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Kinross Gold has a GF Score™ of 83/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinross Gold's Altman Z-Score compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Kinross Gold ranks #209 out of 790 companies for Altman Z-Score. This puts Kinross Gold in the upper half of its industry. The industry median Altman Z-Score is 3.45. Kinross Gold's value of 5.86 is 70.1% above this benchmark. While the company's 10-year median is 0.24 vs. the industry median of 3.45, Kinross Gold 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. Kinross Gold's current Altman Z-Score of 5.86 is 70.1% 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 Kinross Gold 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. Kinross Gold's current Altman Z-Score is 5.86, which is 2342% above median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinross Gold stock overvalued right now?
Based on GuruFocus' analysis, Kinross Gold (MEX:KGCN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN282.64, compared to a current price of MXN413.00 — trading 46.1% above its estimated fair value. The current Altman Z-Score is 5.86, which is 2342% above median its 10-year median of 0.24 and 70.1% above the Metals & Mining industry median of 3.45. Kinross Gold's overall GF Score™ is 83/100 with 1 warning sign 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 Kinross Gold (MEX:KGCN), the current Altman Z-Score is 5.86 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.
Is Kinross Gold (MEX:KGCN) Overvalued in 2026?
Based on GuruFocus' analysis, Kinross Gold stock appears to be overvalued.
The current stock price of MXN413.00 is trading 46.1% above its estimated GF Value™ of MXN282.64.
GuruFocus considers Kinross Gold to be Significantly Overvalued.
Key valuation signals for MEX:KGCN:
Altman Z-Score: 5.86 (2342% above median its 10-year median of 0.24)
GF Value™: MXN282.64 vs. price of MXN413.00 (46.1% above fair value)
Industry Position: 70.1% above the Metals & Mining median (#209 of 790)
No single metric tells the full story. See the MEX:KGCN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2025. The company had about a decade of gold reserves at the end of 2025. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. Kinross has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada. If developed as we think likely, it could produce an average of more than 500,000 ounces of gold per year for at least a decade, with its unit cash costs likely in the first quartile of the industry cost curve. Though Great Bear's production is likely to be replacement ounces for falling volumes at other mines.
83GF Score
Get the complete analysis for MEX:KGCN
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
MEX:KGCN has been successfully added to your 
