Avenue SupermartsNSE:DMART -0.95%98 Altman Z-Score is 36.15 as of Jun. 26, 2026, which is 44% below its 10-year median of 64.12. GuruFocus rates NSE:DMART with a GF Score™ of 98/100 and a GF Value™ of ₹5,526.62 (Modestly Undervalued). Among 307 Retail - Defensive companies, Avenue Supermarts ranks better than 97.72% 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 36.08 is strong.
Avenue Supermarts has a Altman Z-Score of 36.15, 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 Avenue Supermarts's Altman Z-Score or its related term are showing as below:
NSE:DMART'
s Altman Z-Score Range Over the Past 10 Years
Min: 13.45 Med: 64.12 Max: 89.86
Current: 36.08
During the past 13 years, Avenue Supermarts's highest Altman Z-Score was 89.86. The lowest was 13.45. And the median was 64.12.
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.
Avenue Supermarts Altman Z-Score Related Terms
Avenue Supermarts Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Avenue Supermarts'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:DMART vs WMT, COST, TGT: Altman Z-Score Comparison
For the Discount Stores subindustry, Avenue Supermarts'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.
Avenue Supermarts Altman Z-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Avenue Supermarts's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Avenue Supermarts'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.
Avenue Supermarts'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
*
0.1252
+
1.4
*
0
+
3.3
*
0.1431
+
0.6
*
55.3299
+
1.0
*
2.331
=
36.15
* 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.
Avenue Supermarts (NSE:DMART) has a Altman Z-Score of 36.15 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Avenue Supermarts and its competitors. This is 44% below median its historical median of 64.12. Over the past decade, Avenue Supermarts' Altman Z-Score has ranged from 13.45 to 89.86. According to the industry distribution chart, Avenue Supermarts ranks #7 out of 307 companies in the Retail - Defensive industry, placing it in the top 2.3%.
Is Avenue Supermarts' Altman Z-Score too high?
Avenue Supermarts' current Altman Z-Score of 36.15 is 44% below median its 10-year median of 64.12. Over the past 10 years, this metric has ranged from a low of 13.45 to a high of 89.86. The Retail - Defensive industry median Altman Z-Score is 3.57. Avenue Supermarts' value of 36.15 is 912.6% above this industry median. Based on the distribution chart, Avenue Supermarts ranks #7 out of 307 companies in the Retail - Defensive industry, which is in the top quartile — a strong position relative to peers. Overall, Avenue Supermarts has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avenue Supermarts' Altman Z-Score compare to WMT and COST?
According to the Retail - Defensive industry distribution chart, Avenue Supermarts ranks #7 out of 307 companies for Altman Z-Score. This places Avenue Supermarts in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.57. Avenue Supermarts' value of 36.15 is 912.6% above this benchmark. Historically, Avenue Supermarts' own Altman Z-Score has ranged from 13.45 to 89.86 over the past decade. While the company's 10-year median is 64.12 vs. the industry median of 3.57, Avenue Supermarts 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 - Defensive company?
The median Altman Z-Score among Retail - Defensive companies is 3.57, based on 307 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. Avenue Supermarts's current Altman Z-Score of 36.15 is 912.6% 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 Avenue Supermarts and its competitors. For the Retail - Defensive industry, the median Altman Z-Score is 3.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avenue Supermarts's current Altman Z-Score is 36.15, which is 44% below median its own 10-year median of 64.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avenue Supermarts stock overvalued right now?
Based on GuruFocus' analysis, Avenue Supermarts (NSE:DMART) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹5,526.62, compared to a current price of ₹4,294.60 — trading 22.3% below its estimated fair value. The current Altman Z-Score is 36.15, which is 44% below median its 10-year median of 64.12 and 912.6% above the Retail - Defensive industry median of 3.57. Avenue Supermarts' overall GF Score™ is 98/100. 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 Avenue Supermarts (NSE:DMART), the current Altman Z-Score is 36.15 as of Jun. 26, 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 Avenue Supermarts (NSE:DMART) Overvalued in 2026?
Based on GuruFocus' analysis, Avenue Supermarts stock appears to be undervalued.
The current stock price of ₹4,294.60 is trading 22.3% below its estimated GF Value™ of ₹5,526.62.
GuruFocus considers Avenue Supermarts to be Modestly Undervalued.
Key valuation signals for NSE:DMART:
Altman Z-Score: 36.15 (44% below median its 10-year median of 64.12)
GF Value™: ₹5,526.62 vs. price of ₹4,294.60 (22.3% below fair value)
Industry Position: 912.6% above the Retail - Defensive median (#7 of 307)
No single metric tells the full story. See the NSE:DMART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avenue Supermarts Ltd is an India-based company engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart. It provides products under the categories of Foods, Non-Foods (FMCG) and General Merchandise and Apparel. Foods category includes products such as dairy, staples, groceries, snacks, frozen products, processed foods, beverages and confectionary and fruits and vegetables. Non-Foods (FMCG) comprises home care products, personal care products, toiletries and other over-the-counter products. General Merchandise and Apparel include bed and bath, toys and games, crockery, plastic goods, garments, footwear, utensils and home appliances. The business operations of the company are principally carried out in India.
98GF Score
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