MRRFF (Marr SpA) Altman Z-Score: 2.40 (As of Jul. 01, 2026) — 15% Below Median


MRRFF Marr SpA MRRFF
66 GF Score
Price $19.02
GF Value $31.97
! 5 Warning Signs
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What is Marr SpA Altman Z-Score?

Marr SpA MRRFF 66 Altman Z-Score is 2.40 as of Jul. 01, 2026, which is 15% below its 10-year median of 2.82. GuruFocus rates MRRFF with a GF Score™ of 66/100 and a GF Value™ of $31.97. The stock has 5 warning signs investors should review. Among 305 Retail - Defensive companies, Marr SpA ranks worse than 73.11% 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 2.4 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.

Marr SpA has a Altman Z-Score of 2.40, indicating it is in Grey Zones. This implies that Marr 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 Marr SpA's Altman Z-Score or its related term are showing as below:

MRRFF' s Altman Z-Score Range Over the Past 10 Years
Min: 2.22   Med: 2.82   Max: 3.95
Current: 2.4

During the past 13 years, Marr SpA's highest Altman Z-Score was 3.95. The lowest was 2.22. And the median was 2.82.


Marr SpA  (OTCPK:MRRFF) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Marr SpA Altman Z-Score Related Terms


Marr SpA Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Marr 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.

Marr SpA Altman Z-Score Chart

Marr SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.73 2.67 2.84 2.81 2.55

Marr SpA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.76 2.36 2.41 2.55 2.43

MRRFF vs SYY, USFD, PFGC: Altman Z-Score Comparison

For the Food Distribution subindustry, Marr 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.


Marr SpA Altman Z-Score vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Marr SpA's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Marr SpA's Altman Z-Score falls into.


MRRFF
66GF Score
Marr SpA MRRFF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Marr SpA 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.

Marr 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*0.2723+1.4*0.0375+3.3*0.0476+0.6*0.4122+1.0*1.617
=2.40

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was $1,508 Mil.
Total Current Assets was $1,035 Mil.
Total Current Liabilities was $624 Mil.
Retained Earnings was $57 Mil.
Pre-Tax Income was -7.953 + 1.527 + 29.515 + 24.97 = $48 Mil.
Interest Expense was -6.105 + -6.061 + -5.638 + -5.947 = $-24 Mil.
Revenue was 482.127 + 552.068 + 745.758 + 658.428 = $2,438 Mil.
Market Cap (Today) was $469 Mil.
Total Liabilities was $1,139 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(1034.583 - 623.89)/1507.982
=0.2723

X2=Retained Earnings/Total Assets
=56.547/1507.982
=0.0375

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(48.059 - -23.751)/1507.982
=0.0476

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=469.414/1138.829
=0.4122

X5=Revenue/Total Assets
=2438.381/1507.982
=1.617

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Marr SpA has a Altman Z-Score of 2.40 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 2.40 mean?
Marr SpA (MRRFF) has a Altman Z-Score of 2.40 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Marr SpA and its competitors. This is 15% below median its historical median of 2.82. Over the past decade, Marr SpA's Altman Z-Score has ranged from 2.22 to 3.95. According to the industry distribution chart, Marr SpA ranks #223 out of 305 companies in the Retail - Defensive industry, placing it in the top 73.1%.
Is Marr SpA's Altman Z-Score too high?
Marr SpA's current Altman Z-Score of 2.40 is 15% below median its 10-year median of 2.82. Over the past 10 years, this metric has ranged from a low of 2.22 to a high of 3.95. The Retail - Defensive industry median Altman Z-Score is 3.54. Marr SpA's value of 2.40 is 32.2% below this industry median. Based on the distribution chart, Marr SpA ranks #223 out of 305 companies in the Retail - Defensive industry, which is below the industry midpoint. Overall, Marr SpA has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Marr SpA's Altman Z-Score compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Marr SpA ranks #223 out of 305 companies for Altman Z-Score. This places Marr SpA in the lower half of its industry. The industry median Altman Z-Score is 3.54. Marr SpA's value of 2.40 is 32.2% below this benchmark. Historically, Marr SpA's own Altman Z-Score has ranged from 2.22 to 3.95 over the past decade. While the company's 10-year median is 2.82 vs. the industry median of 3.54, Marr 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 Retail - Defensive company?
The median Altman Z-Score among Retail - Defensive companies is 3.54, based on 305 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. Marr SpA's current Altman Z-Score of 2.40 is 32.2% 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 Marr SpA and its competitors. For the Retail - Defensive industry, the median Altman Z-Score is 3.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marr SpA's current Altman Z-Score is 2.40, which is 15% below median its own 10-year median of 2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marr SpA stock overvalued right now?
Marr SpA (MRRFF) has a current Altman Z-Score of 2.40. The stock's GF Value™ is $31.97, compared to a current price of $19.02 — trading 40.5% below its estimated fair value. The current Altman Z-Score is 2.40, which is 15% below median its 10-year median of 2.82 and 32.2% below the Retail - Defensive industry median of 3.54. Marr SpA's overall GF Score™ is 66/100 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 Marr SpA (MRRFF), the current Altman Z-Score is 2.40 as of Jul. 01, 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 Marr SpA (MRRFF) Overvalued in 2026?

Based on GuruFocus' analysis, Marr SpA stock appears to be undervalued. The current stock price of $19.02 is trading 40.5% below its estimated GF Value™ of $31.97.

Key valuation signals for MRRFF:

  • Altman Z-Score: 2.40 (15% below median its 10-year median of 2.82)
  • GF Value™: $31.97 vs. price of $19.02 (40.5% below fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 32.2% below the Retail - Defensive median (#223 of 305)

No single metric tells the full story. See the MRRFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Marr SpA Business Description

Address Street Spagna, 20, Rimini, ITA, 47921
Marr SpA is an Italian distributor of frozen and fresh products to the non-domestic catering sector. The company's products consist of seafood, meat, grocery, fruits and vegetables, and kitchen equipment, as well as private label products. Marr operates through a network of sales agents, `distribution centers, stocking platforms, and logistics. The group categorizes the customers as the street market, which includes restaurants and hotels not belonging to groups or chains; the national account, which contains operators of chains and groups and canteens, and the wholesale category. Marr generates more than half of its revenue from street market customers. Geographically, it operates in Italy, European Union, and Extra-EU Countries, of which the company derives maximum revenue from Italy.
66GF Score

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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$19.02
Price
$31.97
GF Value