Azimut Holding SpAMIL:AZM -1.01%82 Altman Z-Score is 0.57 as of Jun. 30, 2026, which is 14% above its 10-year median of 0.50. GuruFocus rates MIL:AZM with a GF Score™ of 82/100 and a GF Value™ of €28.53 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 647 Asset Management companies, Azimut Holding SpA ranks worse than 84.39% 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 0.57 is in distress zone. This implies bankruptcy possibility in the next two years.
Azimut Holding SpA has a Altman Z-Score of 0.57, 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 Azimut Holding SpA's Altman Z-Score or its related term are showing as below:
MIL:AZM'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.11 Med: 0.5 Max: 0.78
Current: 0.57
During the past 13 years, Azimut Holding SpA's highest Altman Z-Score was 0.78. The lowest was -0.11. And the median was 0.50.
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.
Azimut Holding SpA Altman Z-Score Related Terms
Azimut Holding SpA Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Azimut Holding SpA'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.
MIL:AZM vs BLK, BX, KKR: Altman Z-Score Comparison
For the Asset Management subindustry, Azimut Holding SpA'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.
Azimut Holding SpA Altman Z-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Azimut Holding SpA's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Azimut Holding SpA'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.
Azimut Holding SpA'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
*
-0.1249
+
1.4
*
0.0116
+
3.3
*
0.0645
+
0.6
*
0.5897
+
1.0
*
0.1352
=
0.57
* 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.
Azimut Holding SpA (MIL:AZM) has a Altman Z-Score of 0.57 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Azimut Holding SpA and its competitors. This is 14% above median its historical median of 0.50. According to the industry distribution chart, Azimut Holding SpA ranks #546 out of 647 companies in the Asset Management industry, placing it in the top 84.4%.
Is Azimut Holding SpA's Altman Z-Score too high?
Azimut Holding SpA's current Altman Z-Score of 0.57 is 14% above median its 10-year median of 0.50. The Asset Management industry median Altman Z-Score is 3.51. Azimut Holding SpA's value of 0.57 is 83.8% below this industry median. Based on the distribution chart, Azimut Holding SpA ranks #546 out of 647 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Azimut Holding SpA has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Azimut Holding SpA's Altman Z-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Azimut Holding SpA ranks #546 out of 647 companies for Altman Z-Score. This places Azimut Holding SpA in the lower half of its industry. The industry median Altman Z-Score is 3.51. Azimut Holding SpA's value of 0.57 is 83.8% below this benchmark. While the company's 10-year median is 0.50 vs. the industry median of 3.51, Azimut Holding SpA 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 an Asset Management company?
The median Altman Z-Score among Asset Management companies is 3.51, based on 647 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. Azimut Holding SpA's current Altman Z-Score of 0.57 is 83.8% 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 Azimut Holding SpA and its competitors. For the Asset Management industry, the median Altman Z-Score is 3.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Azimut Holding SpA's current Altman Z-Score is 0.57, which is 14% above median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Azimut Holding SpA stock overvalued right now?
Based on GuruFocus' analysis, Azimut Holding SpA (MIL:AZM) is currently considered Modestly Overvalued. The stock's GF Value™ is €28.53, compared to a current price of €35.37 — trading 24% above its estimated fair value. The current Altman Z-Score is 0.57, which is 14% above median its 10-year median of 0.50 and 83.8% below the Asset Management industry median of 3.51. Azimut Holding SpA's overall GF Score™ is 82/100 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 Azimut Holding SpA (MIL:AZM), the current Altman Z-Score is 0.57 as of Jun. 30, 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 Azimut Holding SpA (MIL:AZM) Overvalued in 2026?
Based on GuruFocus' analysis, Azimut Holding SpA stock appears to be overvalued.
The current stock price of €35.37 is trading 24% above its estimated GF Value™ of €28.53.
GuruFocus considers Azimut Holding SpA to be Modestly Overvalued.
Key valuation signals for MIL:AZM:
Altman Z-Score: 0.57 (14% above median its 10-year median of 0.50)
GF Value™: €28.53 vs. price of €35.37 (24% above fair value)
Industry Position: 83.8% below the Asset Management median (#546 of 647)
No single metric tells the full story. See the MIL:AZM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Azimut Holding SpA is a large independent asset management firm operating primarily in Italy but with an increasingly global presence. In Italy, its capital management division sells and manages Italian mutual funds, Italian hedge funds, and is active in the discretionary management of individual investment portfolios. Its international business operations involve the sale, management, and distribution of financial and insurance products. Its portfolio solutions encompass a broad array of strategies that cut across various traditional and alternative asset classes. A majority of its revenue is derived from recurring fees from assets under management.
82GF Score
Get the complete analysis for MIL:AZM
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
MIL:AZM has been successfully added to your 
