Confinvest Oro SpAMIL:CFV -1.85%65 Altman Z-Score is 12.81 as of Jun. 26, 2026, which is 9% above its 10-year median of 11.74. GuruFocus rates MIL:CFV with a GF Score™ of 65/100 and a GF Value™ of €2.84 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 658 Capital Markets companies, Confinvest Oro SpA ranks better than 83.28% 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 12.77 is strong.
Confinvest Oro SpA has a Altman Z-Score of 12.81, 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 Confinvest Oro SpA's Altman Z-Score or its related term are showing as below:
MIL:CFV'
s Altman Z-Score Range Over the Past 10 Years
Min: 7.72 Med: 11.74 Max: 26.66
Current: 12.77
During the past 9 years, Confinvest Oro SpA's highest Altman Z-Score was 26.66. The lowest was 7.72. And the median was 11.74.
Confinvest Oro SpA (MIL:CFV) 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.
Altman Z-Score does not apply to financial companies.
Confinvest Oro SpA Altman Z-Score Related Terms
Confinvest Oro SpA Altman Z-Score Historical Data
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The historical data trend for Confinvest Oro 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:CFV vs MS, GS, SCHW: Altman Z-Score Comparison
For the Capital Markets subindustry, Confinvest Oro 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.
Confinvest Oro SpA Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Confinvest Oro SpA's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Confinvest Oro 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.
Confinvest Oro 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
*
0.5788
+
1.4
*
0.1385
+
3.3
*
0.1871
+
0.6
*
6.5191
+
1.0
*
7.3889
=
12.81
* 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.
Confinvest Oro SpA (MIL:CFV) has a Altman Z-Score of 12.81 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Confinvest Oro SpA and its competitors. This is near median its historical median of 11.74. Over the past decade, Confinvest Oro SpA's Altman Z-Score has ranged from 7.72 to 26.66. According to the industry distribution chart, Confinvest Oro SpA ranks #110 out of 658 companies in the Capital Markets industry, placing it in the top 16.7%.
Is Confinvest Oro SpA's Altman Z-Score too high?
Confinvest Oro SpA's current Altman Z-Score of 12.81 is near median its 10-year median of 11.74. Over the past 10 years, this metric has ranged from a low of 7.72 to a high of 26.66. The Capital Markets industry median Altman Z-Score is 2.57. Confinvest Oro SpA's value of 12.81 is 399.4% above this industry median. Based on the distribution chart, Confinvest Oro SpA ranks #110 out of 658 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Confinvest Oro SpA has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Confinvest Oro SpA's Altman Z-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Confinvest Oro SpA ranks #110 out of 658 companies for Altman Z-Score. This places Confinvest Oro SpA in the top 17% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.57. Confinvest Oro SpA's value of 12.81 is 399.4% above this benchmark. Historically, Confinvest Oro SpA's own Altman Z-Score has ranged from 7.72 to 26.66 over the past decade. While the company's 10-year median is 11.74 vs. the industry median of 2.57, Confinvest Oro SpA 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 Capital Markets company?
The median Altman Z-Score among Capital Markets companies is 2.57, based on 658 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. Confinvest Oro SpA's current Altman Z-Score of 12.81 is 399.4% 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 Confinvest Oro SpA and its competitors. For the Capital Markets industry, the median Altman Z-Score is 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Confinvest Oro SpA's current Altman Z-Score is 12.81, which is near median its own 10-year median of 11.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Confinvest Oro SpA stock overvalued right now?
Based on GuruFocus' analysis, Confinvest Oro SpA (MIL:CFV) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.84, compared to a current price of €2.12 — trading 25.4% below its estimated fair value. The current Altman Z-Score is 12.81, which is near median its 10-year median of 11.74 and 399.4% above the Capital Markets industry median of 2.57. Confinvest Oro SpA's overall GF Score™ is 65/100 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 Confinvest Oro SpA (MIL:CFV), the current Altman Z-Score is 12.81 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 Confinvest Oro SpA (MIL:CFV) Overvalued in 2026?
Based on GuruFocus' analysis, Confinvest Oro SpA stock appears to be undervalued.
The current stock price of €2.12 is trading 25.4% below its estimated GF Value™ of €2.84.
GuruFocus considers Confinvest Oro SpA to be Modestly Undervalued.
Key valuation signals for MIL:CFV:
Altman Z-Score: 12.81 (near median its 10-year median of 11.74)
GF Value™: €2.84 vs. price of €2.12 (25.4% below fair value)
Industry Position: 399.4% above the Capital Markets median (#110 of 658)
No single metric tells the full story. See the MIL:CFV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Confinvest Oro SpA operates as a dealer of physical investment gold, engaging in the buying and selling of coins and bars that comply with international standards. The Company operates on both a national and international scale, serving both retail and wholesale markets, and utilizes insured logistics services for delivery, collection, and custody. It has developed CONTO LINGOTTO, a digital platform that, via a dedicated app, enables users to buy and sell fractional amounts of physical gold without taking physical possession of the asset.
65GF Score
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