Manchester United (MEX:MANUN) Altman Z-Score: 1.00 (As of Jun. 25, 2026) — 28% Below Median


MEX:MANUN Manchester United PLC MEX:MANUN
73 GF Score
Price MXN295.62
GF Value MXN244.37
! 10 Warning Signs
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What is Manchester United Altman Z-Score?

Manchester United MEX:MANUN 73 Altman Z-Score is 1.00 as of Jun. 25, 2026, which is 28% below its 10-year median of 1.39. GuruFocus rates MEX:MANUN with a GF Score™ of 73/100 and a GF Value™ of MXN244.37. The stock has 10 warning signs investors should review. Among 1,020 Media - Diversified companies, Manchester United ranks worse than 67.35% 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 1.03 is in distress zone. This implies bankruptcy possibility in the next two years.

Manchester United has a Altman Z-Score of 1.00, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Manchester United's Altman Z-Score or its related term are showing as below:

MEX:MANUN' s Altman Z-Score Range Over the Past 10 Years
Min: 0.45   Med: 1.39   Max: 2.38
Current: 1.03

During the past 13 years, Manchester United's highest Altman Z-Score was 2.38. The lowest was 0.45. And the median was 1.39.


Manchester United  (MEX:MANUN) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Manchester United Altman Z-Score Related Terms


Manchester United Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Manchester United'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.

Manchester United Altman Z-Score Chart

Manchester United Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.26 0.49 1.55 0.77 0.72

Manchester United Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.49 0.72 0.45 0.63 0.79

MEX:MANUN vs MSGE, CNK, BATRA: Altman Z-Score Comparison

For the Entertainment subindustry, Manchester United'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.


Manchester United Altman Z-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Manchester United's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Manchester United's Altman Z-Score falls into.


MEX:MANUN
73GF Score
Manchester United PLC MEX:MANUN
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Manchester United Altman Z-Score Calculation

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.

Manchester United'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*-0.2899+1.4*-0.2233+3.3*0.0279+0.6*1.8841+1.0*0.4398
=1.00

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was MXN38,240 Mil.
Total Current Assets was MXN6,553 Mil.
Total Current Liabilities was MXN17,641 Mil.
Retained Earnings was MXN-8,538 Mil.
Pre-Tax Income was -365.775 + 135.657 + -209.595 + -94.989 = MXN-535 Mil.
Interest Expense was -643.359 + -341.891 + -367.628 + -246.849 = MXN-1,600 Mil.
Revenue was 4556.19 + 4587.163 + 3479.077 + 4194.671 = MXN16,817 Mil.
Market Cap (Today) was MXN63,922 Mil.
Total Liabilities was MXN33,927 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(6552.819 - 17640.501)/38240.336
=-0.2899

X2=Retained Earnings/Total Assets
=-8537.714/38240.336
=-0.2233

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-534.702 - -1599.727)/38240.336
=0.0279

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=63921.788/33926.794
=1.8841

X5=Revenue/Total Assets
=16817.101/38240.336
=0.4398

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Manchester United has a Altman Z-Score of 1.00 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 1.00 mean?
Manchester United (MEX:MANUN) has a Altman Z-Score of 1.00 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Manchester United and its competitors. This is 28% below median its historical median of 1.39. Over the past decade, Manchester United's Altman Z-Score has ranged from 0.45 to 2.38. According to the industry distribution chart, Manchester United ranks #687 out of 1020 companies in the Media - Diversified industry, placing it in the top 67.4%.
Is Manchester United's Altman Z-Score too high?
Manchester United's current Altman Z-Score of 1.00 is 28% below median its 10-year median of 1.39. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 2.38. The Media - Diversified industry median Altman Z-Score is 1.97. Manchester United's value of 1.00 is 49.1% below this industry median. Based on the distribution chart, Manchester United ranks #687 out of 1020 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Manchester United has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Manchester United's Altman Z-Score compare to MSGE and CNK?
According to the Media - Diversified industry distribution chart, Manchester United ranks #687 out of 1020 companies for Altman Z-Score. This places Manchester United in the lower half of its industry. The industry median Altman Z-Score is 1.97. Manchester United's value of 1.00 is 49.1% below this benchmark. Historically, Manchester United's own Altman Z-Score has ranged from 0.45 to 2.38 over the past decade. While the company's 10-year median is 1.39 vs. the industry median of 1.97, Manchester United 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 Media - Diversified company?
The median Altman Z-Score among Media - Diversified companies is 1.97, based on 1,020 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. Manchester United's current Altman Z-Score of 1.00 is 49.1% 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 Manchester United and its competitors. For the Media - Diversified industry, the median Altman Z-Score is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manchester United's current Altman Z-Score is 1.00, which is 28% below median its own 10-year median of 1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manchester United stock overvalued right now?
Manchester United (MEX:MANUN) has a current Altman Z-Score of 1.00. The stock's GF Value™ is MXN244.37, compared to a current price of MXN295.62 — trading 21% above its estimated fair value. The current Altman Z-Score is 1.00, which is 28% below median its 10-year median of 1.39 and 49.1% below the Media - Diversified industry median of 1.97. Manchester United's overall GF Score™ is 73/100 with 10 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 Manchester United (MEX:MANUN), the current Altman Z-Score is 1.00 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 Manchester United (MEX:MANUN) Overvalued in 2026?

Based on GuruFocus' analysis, Manchester United stock appears to be overvalued. The current stock price of MXN295.62 is trading 21% above its estimated GF Value™ of MXN244.37.

Key valuation signals for MEX:MANUN:

  • Altman Z-Score: 1.00 (28% below median its 10-year median of 1.39)
  • GF Value™: MXN244.37 vs. price of MXN295.62 (21% above fair value)
  • GF Score™: 73/100 with 10 warning signs
  • Industry Position: 49.1% below the Media - Diversified median (#687 of 1020)

No single metric tells the full story. See the MEX:MANUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Manchester United Business Description

Other Exchanges MANU:USA0Z1Q:UKMUF:Germany
Address Sir Matt Busby Way, Old Trafford, Manchester, GBR, M16 0RA
Manchester United PLC operates as a professional football club with related activities, generating revenue prominently through commercial, broadcasting, and matchday segments. The commercial segment monetizes the various brands via sponsorships, retail, merchandising, apparel, and product licensing. Broadcasting revenue comes from television rights linked to football leagues and competitions, alongside content delivered through its dedicated TV channel all over the globe. Matchday income includes ticket sales, hospitality, merchandise, and services at its stadium. Manchester United is based in England. The company's operations and fan base extends to many countries, supporting a diversified revenue model based on brand engagement and football-related content.
73GF Score

Get the complete analysis for MEX:MANUN

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN295.62
Price
MXN244.37
GF Value