Caleffi SpAMIL:CLF -3.97%33 Altman Z-Score is 2.03 as of Jun. 27, 2026, which is 6% above its 10-year median of 1.92. GuruFocus rates MIL:CLF with a GF Score™ of 33/100 and a GF Value™ of €0.90 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,033 Manufacturing - Apparel & Accessories companies, Caleffi SpA ranks worse than 61.28% 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.
Warning Sign:
Altman Z-score of 2.04 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Caleffi SpA has a Altman Z-Score of 2.03, indicating it is in Grey Zones. This implies that Caleffi SpA is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Caleffi SpA's Altman Z-Score or its related term are showing as below:
MIL:CLF'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.67 Med: 1.92 Max: 2.19
Current: 2.04
During the past 13 years, Caleffi SpA's highest Altman Z-Score was 2.19. The lowest was 1.67. And the median was 1.92.
Caleffi SpA (MIL:CLF) 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.
Caleffi SpA Altman Z-Score Related Terms
Caleffi SpA Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Caleffi 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.
For the Textile Manufacturing subindustry, Caleffi 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.
Caleffi SpA Altman Z-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Caleffi SpA's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Caleffi 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.
Caleffi 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
*
0.4485
+
1.4
*
0.0616
+
3.3
*
0.0444
+
0.6
*
0.3711
+
1.0
*
1.0368
=
2.03
* 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.
Caleffi SpA (MIL:CLF) has a Altman Z-Score of 2.03 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Caleffi SpA and its competitors. This is near median its historical median of 1.92. Over the past decade, Caleffi SpA's Altman Z-Score has ranged from 1.67 to 2.19. According to the industry distribution chart, Caleffi SpA ranks #633 out of 1033 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 61.3%.
Is Caleffi SpA's Altman Z-Score too high?
Caleffi SpA's current Altman Z-Score of 2.03 is near median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 2.19. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.51. Caleffi SpA's value of 2.03 is 19.1% below this industry median. Based on the distribution chart, Caleffi SpA ranks #633 out of 1033 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Caleffi SpA has a GF Score™ of 33/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Caleffi SpA's Altman Z-Score compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Caleffi SpA ranks #633 out of 1033 companies for Altman Z-Score. This places Caleffi SpA in the lower half of its industry. The industry median Altman Z-Score is 2.51. Caleffi SpA's value of 2.03 is 19.1% below this benchmark. Historically, Caleffi SpA's own Altman Z-Score has ranged from 1.67 to 2.19 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 2.51, Caleffi 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 a Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.51, based on 1,033 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. Caleffi SpA's current Altman Z-Score of 2.03 is 19.1% 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 Caleffi SpA and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caleffi SpA's current Altman Z-Score is 2.03, which is near median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caleffi SpA stock overvalued right now?
Based on GuruFocus' analysis, Caleffi SpA (MIL:CLF) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.90, compared to a current price of €0.77 — trading 14% below its estimated fair value. The current Altman Z-Score is 2.03, which is near median its 10-year median of 1.92 and 19.1% below the Manufacturing - Apparel & Accessories industry median of 2.51. Caleffi SpA's overall GF Score™ is 33/100 with 3 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 Caleffi SpA (MIL:CLF), the current Altman Z-Score is 2.03 as of Jun. 27, 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 Caleffi SpA (MIL:CLF) Overvalued in 2026?
Based on GuruFocus' analysis, Caleffi SpA stock appears to be undervalued.
The current stock price of €0.77 is trading 14% below its estimated GF Value™ of €0.90.
GuruFocus considers Caleffi SpA to be Modestly Undervalued.
Key valuation signals for MIL:CLF:
Altman Z-Score: 2.03 (near median its 10-year median of 1.92)
GF Value™: €0.90 vs. price of €0.77 (14% below fair value)
Industry Position: 19.1% below the Manufacturing - Apparel & Accessories median (#633 of 1033)
No single metric tells the full story. See the MIL:CLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Caleffi SpA is engaged in the design, manufacturing, and marketing of luxury household linen including duvet covers, sheets, throws, towels, bathrobes, etc. The company's products are sold under its brands such as Caleffi Colors, Living, Campus, Yachting, Cambio, Spugnissima, etc., and through licensed brands such as Disney, Barbie, and Mariella Burani. It caters to both Italian and international markets through its distribution network, both in the retail business and in the wholesale. The company's product offering spans across two categories; Bed which includes the bed cover, lat linen, and accessories; and Other which includes the bathroom, furniture, nightwear, homewear, table, and kitchen textiles. Geographically, it derives key revenue from its business in Italy.
33GF Score
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