Kaleon SPAMIL:KLN -0.24%18 Altman Z-Score is 4.22 as of Jul. 07, 2026, which is at its 10-year median of 4.22. GuruFocus rates MIL:KLN with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 838 Travel & Leisure companies, Kaleon SPA ranks better than 76.01% 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 4.22 is strong.
Kaleon SPA has a Altman Z-Score of 4.22, 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 Kaleon SPA's Altman Z-Score or its related term are showing as below:
MIL:KLN'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.22 Med: 4.22 Max: 4.22
Current: 4.22
During the past 3 years, Kaleon SPA's highest Altman Z-Score was 4.22. The lowest was 4.22. And the median was 4.22.
Kaleon SPA (MIL:KLN) 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.
Kaleon SPA Altman Z-Score Related Terms
Kaleon SPA Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Kaleon 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.
Kaleon SPA Altman Z-Score Chart
Kaleon SPA Annual Data
Trend
Dec23
Dec24
Dec25
Altman Z-Score
0.00
0.00
4.22
Kaleon SPA Semi-Annual Data
Dec23
Jun24
Dec24
Jun25
Dec25
Altman Z-Score
0.00
0.00
0.00
0.00
4.22
MIL:KLN vs BKNG, ABNB, RCL: Altman Z-Score Comparison
For the Travel Services subindustry, Kaleon 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.
Kaleon SPA Altman Z-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Kaleon SPA's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Kaleon 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.
Kaleon 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
*
0.089
+
1.4
*
0.0488
+
3.3
*
0.0701
+
0.6
*
5.286
+
1.0
*
0.6385
=
4.22
* 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.
Kaleon SPA (MIL:KLN) has a Altman Z-Score of 4.22 as of Jul. 07, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Kaleon SPA and its competitors. This is near median its historical median of 4.22. Over the past decade, Kaleon SPA's Altman Z-Score has ranged from 4.22 to 4.22. According to the industry distribution chart, Kaleon SPA ranks #201 out of 838 companies in the Travel & Leisure industry, placing it in the top 24%.
Is Kaleon SPA's Altman Z-Score too high?
Kaleon SPA's current Altman Z-Score of 4.22 is near median its 10-year median of 4.22. Over the past 10 years, this metric has ranged from a low of 4.22 to a high of 4.22. The Travel & Leisure industry median Altman Z-Score is 2.01. Kaleon SPA's value of 4.22 is 110% above this industry median. Based on the distribution chart, Kaleon SPA ranks #201 out of 838 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Kaleon SPA has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Kaleon SPA's Altman Z-Score compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Kaleon SPA ranks #201 out of 838 companies for Altman Z-Score. This places Kaleon SPA in the top 24% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.01. Kaleon SPA's value of 4.22 is 110% above this benchmark. Historically, Kaleon SPA's own Altman Z-Score has ranged from 4.22 to 4.22 over the past decade. While the company's 10-year median is 4.22 vs. the industry median of 2.01, Kaleon 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 Travel & Leisure company?
The median Altman Z-Score among Travel & Leisure companies is 2.01, based on 838 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. Kaleon SPA's current Altman Z-Score of 4.22 is 110% 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 Kaleon SPA and its competitors. For the Travel & Leisure industry, the median Altman Z-Score is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaleon SPA's current Altman Z-Score is 4.22, which is near median its own 10-year median of 4.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaleon SPA stock overvalued right now?
Kaleon SPA (MIL:KLN) has a current Altman Z-Score of 4.22. The current Altman Z-Score is 4.22, which is near median its 10-year median of 4.22 and 110% above the Travel & Leisure industry median of 2.01. Kaleon SPA's 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 Kaleon SPA (MIL:KLN), the current Altman Z-Score is 4.22 as of Jul. 07, 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.
Kaleon SPA is a company specialized in the operational, administrative, and marketing management of both proprietary and third-parties' prominent cultural and tourist sites. It directly oversees the activities of the Terre Borromeo, the brand which identifies the portfolio of cultural and natural sites historically linked to the Borromeo Family located in the Lake Maggiore area. These include iconic destinations such as Isola Bella, Isola Madre, Rocca di Angera, Parco Pallavicino, Parco del Mottarone and Castelli di Cannero, blending culture, nature, and art with an extensive range of services (i.e., hospitality and leisure services) to offer visitors a full and memorable experience.
18GF Score
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