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 1.6 is in distress zone. This implies bankruptcy possibility in the next two years.
United Co RUSAL International PJSC has a Altman Z-Score of 1.02, 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.
MIC:RUAL'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.81 Med: 1.3 Max: 1.84
Current: 1.6
During the past 13 years, United Co RUSAL International PJSC's highest Altman Z-Score was 1.84. The lowest was 0.81. And the median was 1.30.
United Co RUSAL International PJSC (MIC:RUAL) 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.
* 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.
United Co RUSAL International PJSC Altman Z-Score Chart
MIC:RUAL vs AA, CENX, CSTM: Altman Z-Score Comparison
For the Aluminum subindustry, United Co RUSAL International PJSC'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.
United Co RUSAL International PJSC Altman Z-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, United Co RUSAL International PJSC's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where United Co RUSAL International PJSC's Altman Z-Score falls into.
United Co RUSAL International PJSC 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.
* 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.
United Co RUSAL International PJSC (MIC:RUAL) has a Altman Z-Score of 1.02 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on United Co RUSAL International PJSC and its competitors. This is 22% below median its historical median of 1.30. Over the past decade, United Co RUSAL International PJSC's Altman Z-Score has ranged from 0.81 to 1.84. According to the industry distribution chart, United Co RUSAL International PJSC ranks #588 out of 790 companies in the Metals & Mining industry, placing it in the top 74.4%.
Is United Co RUSAL International PJSC's Altman Z-Score too high?
United Co RUSAL International PJSC's current Altman Z-Score of 1.02 is 22% below median its 10-year median of 1.30. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 1.84. The Metals & Mining industry median Altman Z-Score is 3.43. United Co RUSAL International PJSC's value of 1.02 is 70.3% below this industry median. Based on the distribution chart, United Co RUSAL International PJSC ranks #588 out of 790 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, United Co RUSAL International PJSC has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Co RUSAL International PJSC's Altman Z-Score compare to AA and CENX?
According to the Metals & Mining industry distribution chart, United Co RUSAL International PJSC ranks #588 out of 790 companies for Altman Z-Score. This places United Co RUSAL International PJSC in the lower half of its industry. The industry median Altman Z-Score is 3.43. United Co RUSAL International PJSC's value of 1.02 is 70.3% below this benchmark. Historically, United Co RUSAL International PJSC's own Altman Z-Score has ranged from 0.81 to 1.84 over the past decade. While the company's 10-year median is 1.30 vs. the industry median of 3.43, United Co RUSAL International PJSC 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 Metals & Mining company?
The median Altman Z-Score among Metals & Mining companies is 3.43, 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. United Co RUSAL International PJSC's current Altman Z-Score of 1.02 is 70.3% 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 United Co RUSAL International PJSC and its competitors. For the Metals & Mining industry, the median Altman Z-Score is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Co RUSAL International PJSC's current Altman Z-Score is 1.02, which is 22% below median its own 10-year median of 1.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Co RUSAL International PJSC stock overvalued right now?
Based on GuruFocus' analysis, United Co RUSAL International PJSC (MIC:RUAL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₽38.17, compared to a current price of ₽27.37 — trading 28.3% below its estimated fair value. The current Altman Z-Score is 1.02, which is 22% below median its 10-year median of 1.30 and 70.3% below the Metals & Mining industry median of 3.43. United Co RUSAL International PJSC's overall GF Score™ is 61/100 with 5 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 United Co RUSAL International PJSC (MIC:RUAL), the current Altman Z-Score is 1.02 as of Jun. 26, 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 United Co RUSAL International PJSC (MIC:RUAL) Overvalued in 2026?
Based on GuruFocus' analysis, United Co RUSAL International PJSC stock appears to be undervalued.
The current stock price of ₽27.37 is trading 28.3% below its estimated GF Value™ of ₽38.17.
GuruFocus considers United Co RUSAL International PJSC to be Modestly Undervalued.
Key valuation signals for MIC:RUAL:
Altman Z-Score: 1.02 (22% below median its 10-year median of 1.30)
GF Value™: ₽38.17 vs. price of ₽27.37 (28.3% below fair value)
Industry Position: 70.3% below the Metals & Mining median (#588 of 790)
No single metric tells the full story. See the MIC:RUAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Co RUSAL International PJSC Business Description
United Co RUSAL International PJSC produces aluminium and aluminium products. Its products are primary aluminium, aluminium alloys, high-purity aluminium, wire rod, foil and packaging, aluminium powder, bauxite and alumina, silicon, gallium, corundum, and aluminium protectors. The Aluminium segment is a key revenue driver and covers the production and sale of primary aluminium and related products. Alumina segment encompasses the mining and refining of bauxite into alumina and the sale of alumina. The Energy segment comprises mining and sale of coal and generation and transmission of electricity produced from various sources. The mining and metals segment consists of equity investments in Norilsk Nickel. It has four segments Aluminium, Alumina, Energy and Mining, and Metals.
61GF Score
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