Anglo AmericanNGLOY -3.53%53 Altman Z-Score is 2.31 as of Jun. 25, 2026, which is 6% below its 10-year median of 2.47. GuruFocus rates NGLOY with a GF Score™ of 53/100 and a GF Value™ of $10.92 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 790 Metals & Mining companies, Anglo American ranks worse than 65.44% 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.
Anglo American has a Altman Z-Score of 2.31, indicating it is in Grey Zones. This implies that Anglo American 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 Anglo American's Altman Z-Score or its related term are showing as below:
NGLOY'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.74 Med: 2.47 Max: 3.38
Current: 2.4
During the past 13 years, Anglo American's highest Altman Z-Score was 3.38. The lowest was 1.74. And the median was 2.47.
Anglo American (OTCPK:NGLOY) 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.
Anglo American Altman Z-Score Related Terms
Anglo American Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Anglo American'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.
Anglo American Altman Z-Score Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Anglo American'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.
Anglo American Altman Z-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Anglo American's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Anglo American'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.
Anglo American'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
*
0.1761
+
1.4
*
0.5038
+
3.3
*
0.0312
+
0.6
*
1.6026
+
1.0
*
0.3312
=
2.31
* 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.
Anglo American (NGLOY) has a Altman Z-Score of 2.31 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Anglo American and its competitors. This is near median its historical median of 2.47. Over the past decade, Anglo American's Altman Z-Score has ranged from 1.74 to 3.38. According to the industry distribution chart, Anglo American ranks #517 out of 790 companies in the Metals & Mining industry, placing it in the top 65.4%.
Is Anglo American's Altman Z-Score too high?
Anglo American's current Altman Z-Score of 2.31 is near median its 10-year median of 2.47. Over the past 10 years, this metric has ranged from a low of 1.74 to a high of 3.38. The Metals & Mining industry median Altman Z-Score is 3.45. Anglo American's value of 2.31 is 32.9% below this industry median. Based on the distribution chart, Anglo American ranks #517 out of 790 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Anglo American has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglo American's Altman Z-Score compare to competitors?
According to the Metals & Mining industry distribution chart, Anglo American ranks #517 out of 790 companies for Altman Z-Score. This places Anglo American in the lower half of its industry. The industry median Altman Z-Score is 3.45. Anglo American's value of 2.31 is 32.9% below this benchmark. Historically, Anglo American's own Altman Z-Score has ranged from 1.74 to 3.38 over the past decade. While the company's 10-year median is 2.47 vs. the industry median of 3.45, Anglo American 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 Metals & Mining company?
The median Altman Z-Score among Metals & Mining companies is 3.45, based on 790 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. Anglo American's current Altman Z-Score of 2.31 is 32.9% 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 Anglo American and its competitors. For the Metals & Mining industry, the median Altman Z-Score is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anglo American's current Altman Z-Score is 2.31, which is near median its own 10-year median of 2.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglo American stock overvalued right now?
Based on GuruFocus' analysis, Anglo American (NGLOY) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.92, compared to a current price of $23.80 — trading 117.9% above its estimated fair value. The current Altman Z-Score is 2.31, which is near median its 10-year median of 2.47 and 32.9% below the Metals & Mining industry median of 3.45. Anglo American's overall GF Score™ is 53/100 with 8 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 Anglo American (NGLOY), the current Altman Z-Score is 2.31 as of Jun. 25, 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 Anglo American (NGLOY) Overvalued in 2026?
Based on GuruFocus' analysis, Anglo American stock appears to be overvalued.
The current stock price of $23.80 is trading 117.9% above its estimated GF Value™ of $10.92.
GuruFocus considers Anglo American to be Significantly Overvalued.
Key valuation signals for NGLOY:
Altman Z-Score: 2.31 (near median its 10-year median of 2.47)
GF Value™: $10.92 vs. price of $23.80 (117.9% above fair value)
Industry Position: 32.9% below the Metals & Mining median (#517 of 790)
No single metric tells the full story. See the NGLOY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Previously one of the more diversified major miners, in May 2024 Anglo American announced that it will restructure to focus on copper, iron ore, and crop nutrients, while selling or spinning off its other businesses. It sold out of platinum group metals in September 2025, and will likely sell or demerge and spin off its majority-owned De Beers diamonds business, in most years the world's largest supplier and marketer of rough gem diamonds by value. It is again trying to sell its remaining metallurgical coal mines after Peabody pulled out of a deal to buy them. Anglo also plans to move back into the crop nutrients business via its Woodsmith polyhalite project in the UK. In September 2025, it also agreed to merge with Teck, with the deal likely to complete in late 2026 or early 2027.
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