Aditya VisionNSE:AVL +1.22%69 Altman Z-Score is 9.30 as of Jun. 30, 2026, which is 61% above its 10-year median of 5.76. GuruFocus rates NSE:AVL with a GF Score™ of 69/100 and a GF Value™ of ₹572.24 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,113 Retail - Cyclical companies, Aditya Vision ranks better than 91.19% 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 9.21 is strong.
Aditya Vision has a Altman Z-Score of 9.30, 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 Aditya Vision's Altman Z-Score or its related term are showing as below:
NSE:AVL'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.35 Med: 5.76 Max: 10.15
Current: 9.21
During the past 13 years, Aditya Vision's highest Altman Z-Score was 10.15. The lowest was 1.35. And the median was 5.76.
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.
Aditya Vision Altman Z-Score Related Terms
Aditya Vision Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Aditya Vision'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.
NSE:AVL vs CASY, WSM, DKS: Altman Z-Score Comparison
For the Specialty Retail subindustry, Aditya Vision'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.
Aditya Vision Altman Z-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Aditya Vision's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Aditya Vision'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.
Aditya Vision'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
*
0.3469
+
1.4
*
0
+
3.3
*
0.1331
+
0.6
*
11.0511
+
1.0
*
1.8162
=
9.30
* 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.
Aditya Vision (NSE:AVL) has a Altman Z-Score of 9.30 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Aditya Vision and its competitors. This is 61% above median its historical median of 5.76. Over the past decade, Aditya Vision's Altman Z-Score has ranged from 1.35 to 10.15. According to the industry distribution chart, Aditya Vision ranks #98 out of 1113 companies in the Retail - Cyclical industry, placing it in the top 8.8%.
Is Aditya Vision's Altman Z-Score too high?
Aditya Vision's current Altman Z-Score of 9.30 is 61% above median its 10-year median of 5.76. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 10.15. The Retail - Cyclical industry median Altman Z-Score is 2.72. Aditya Vision's value of 9.30 is 241.9% above this industry median. Based on the distribution chart, Aditya Vision ranks #98 out of 1113 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Aditya Vision has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aditya Vision's Altman Z-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Aditya Vision ranks #98 out of 1113 companies for Altman Z-Score. This places Aditya Vision in the top 9% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.72. Aditya Vision's value of 9.30 is 241.9% above this benchmark. Historically, Aditya Vision's own Altman Z-Score has ranged from 1.35 to 10.15 over the past decade. While the company's 10-year median is 5.76 vs. the industry median of 2.72, Aditya Vision 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 Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.72, based on 1,113 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. Aditya Vision's current Altman Z-Score of 9.30 is 241.9% 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 Aditya Vision and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aditya Vision's current Altman Z-Score is 9.30, which is 61% above median its own 10-year median of 5.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aditya Vision stock overvalued right now?
Based on GuruFocus' analysis, Aditya Vision (NSE:AVL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹572.24, compared to a current price of ₹668.55 — trading 16.8% above its estimated fair value. The current Altman Z-Score is 9.30, which is 61% above median its 10-year median of 5.76 and 241.9% above the Retail - Cyclical industry median of 2.72. Aditya Vision's overall GF Score™ is 69/100 with 6 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 Aditya Vision (NSE:AVL), the current Altman Z-Score is 9.30 as of Jun. 30, 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 Aditya Vision (NSE:AVL) Overvalued in 2026?
Based on GuruFocus' analysis, Aditya Vision stock appears to be overvalued.
The current stock price of ₹668.55 is trading 16.8% above its estimated GF Value™ of ₹572.24.
GuruFocus considers Aditya Vision to be Modestly Overvalued.
Key valuation signals for NSE:AVL:
Altman Z-Score: 9.30 (61% above median its 10-year median of 5.76)
GF Value™: ₹572.24 vs. price of ₹668.55 (16.8% above fair value)
Industry Position: 241.9% above the Retail - Cyclical median (#98 of 1113)
No single metric tells the full story. See the NSE:AVL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aditya Vision Ltd is engaged in the retail business of consumer electronics. It offers products ranging from digital gadgets, entertainment solutions, home appliances, small appliances, kitchen appliances, and personal care products. The company operates in only one segment that's the retail trading of electronic items. The company generates revenue from the sale of traded goods and the sale of services. Geographically, it operates only in India.
69GF Score
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