Puig Brands (MEX:PUIGN) Altman Z-Score: 1.74 (As of Jun. 25, 2026) — Near Median


MEX:PUIGN Puig Brands SA MEX:PUIGN
18 GF Score
Price MXN323.75
! 2 Warning Signs
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What is Puig Brands Altman Z-Score?

Puig Brands MEX:PUIGN 18 Altman Z-Score is 1.74 as of Jun. 25, 2026, which is 5% above its 10-year median of 1.65. GuruFocus rates MEX:PUIGN with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 1,933 Consumer Packaged Goods companies, Puig Brands ranks worse than 70.1% 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 1.8 is in distress zone. This implies bankruptcy possibility in the next two years.

Puig Brands has a Altman Z-Score of 1.74, 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 Puig Brands's Altman Z-Score or its related term are showing as below:

MEX:PUIGN' s Altman Z-Score Range Over the Past 10 Years
Min: 1.59   Med: 1.65   Max: 1.8
Current: 1.8

During the past 5 years, Puig Brands's highest Altman Z-Score was 1.80. The lowest was 1.59. And the median was 1.65.


Puig Brands  (MEX:PUIGN) 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.


Puig Brands Altman Z-Score Related Terms


Puig Brands Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Puig Brands'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.

Puig Brands Altman Z-Score Chart

Puig Brands Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
0.00 0.00 0.00 1.59 1.70

Puig Brands Quarterly Data
Dec21 Dec22 Dec23 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
Altman Z-Score Get a 7-Day Free Trial Premium Member Only 1.55 1.59 1.67 1.59 1.70

MEX:PUIGN vs PG, CL, KVUE: Altman Z-Score Comparison

For the Household & Personal Products subindustry, Puig Brands'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.


Puig Brands Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Puig Brands's Altman Z-Score distribution charts can be found below:

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


MEX:PUIGN
18GF Score
Puig Brands SA MEX:PUIGN
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Puig Brands 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.

Puig Brands'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*0.0327+1.4*0.0695+3.3*0+0.6*1.8518+1.0*0.4891
=1.74

* 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 Dec. 2025:
Total Assets was MXN180,218 Mil.
Total Current Assets was MXN53,402 Mil.
Total Current Liabilities was MXN47,514 Mil.
Retained Earnings was MXN12,517 Mil.
Pre-Tax Income was 0 + 0 + 0 + 0 = MXN0 Mil.
Interest Expense was 0 + 0 + 0 + 0 = MXN0 Mil.
Revenue was 30483.228 + 27923.231 + 0 + 29734.266 = MXN88,141 Mil.
Market Cap (Today) was MXN180,992 Mil.
Total Liabilities was MXN97,740 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
=(53402.081 - 47514.365)/180217.533
=0.0327

X2=Retained Earnings/Total Assets
=12517.461/180217.533
=0.0695

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(0 - 0)/180217.533
=0

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=180992.075/97740.421
=1.8518

X5=Revenue/Total Assets
=88140.725/180217.533
=0.4891

The zones of discrimination were as such:

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

Puig Brands has a Altman Z-Score of 1.74 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 1.74 mean?
Puig Brands (MEX:PUIGN) has a Altman Z-Score of 1.74 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Puig Brands and its competitors. This is near median its historical median of 1.65. Over the past decade, Puig Brands' Altman Z-Score has ranged from 1.59 to 1.80. According to the industry distribution chart, Puig Brands ranks #1355 out of 1933 companies in the Consumer Packaged Goods industry, placing it in the top 70.1%.
Is Puig Brands' Altman Z-Score too high?
Puig Brands' current Altman Z-Score of 1.74 is near median its 10-year median of 1.65. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 1.80. The Consumer Packaged Goods industry median Altman Z-Score is 2.84. Puig Brands' value of 1.74 is 38.7% below this industry median. Based on the distribution chart, Puig Brands ranks #1355 out of 1933 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Puig Brands has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Puig Brands' Altman Z-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Puig Brands ranks #1355 out of 1933 companies for Altman Z-Score. This places Puig Brands in the lower half of its industry. The industry median Altman Z-Score is 2.84. Puig Brands' value of 1.74 is 38.7% below this benchmark. Historically, Puig Brands' own Altman Z-Score has ranged from 1.59 to 1.80 over the past decade. While the company's 10-year median is 1.65 vs. the industry median of 2.84, Puig Brands 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.84, based on 1,933 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. Puig Brands's current Altman Z-Score of 1.74 is 38.7% 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 Puig Brands and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Puig Brands's current Altman Z-Score is 1.74, which is near median its own 10-year median of 1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Puig Brands stock overvalued right now?
Puig Brands (MEX:PUIGN) has a current Altman Z-Score of 1.74. The current Altman Z-Score is 1.74, which is near median its 10-year median of 1.65 and 38.7% below the Consumer Packaged Goods industry median of 2.84. Puig Brands' overall GF Score™ is 18/100 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 Puig Brands (MEX:PUIGN), the current Altman Z-Score is 1.74 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.

Puig Brands Business Description

Address Plaza Europa 46-48, L Hospitalet de Llobregat, Barcelona, ESP, 08902
Puig is a premium beauty product maker that focuses on fragrances (72% of 2025 sales), with more limited exposure to color cosmetics (17%) and skincare (11%). Through a series of acquisitions, Puig has built a premium portfolio, including brands such as Rabanne, Carolina Herrera, Byredo, L'Artisan Parfumeur, Penhaligon's, Dries Van Noten, and Charlotte Tilbury, which contributes over 90% of total sales. It also has long-term licensing agreements with Christian Louboutin, Adolfo Dominguez, and Antonio Banderas. Puig generates close to 54% of sales from Europe, 35% from the Americas, and 11% from Asia. The Puig family owns over 70% of the economic interests in the company and over 90% of the voting rights via a dual-class share structure.
18GF Score

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MXN323.75
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