Focus Lighting and FixturesNSE:FOCUS -3.28%94 Altman Z-Score is 8.11 as of Jul. 02, 2026, which is 59% above its 10-year median of 5.10. GuruFocus rates NSE:FOCUS with a GF Score™ of 94/100 and a GF Value™ of ₹114.80 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 426 Furnishings, Fixtures & Appliances companies, Focus Lighting and Fixtures ranks better than 90.38% 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 8.24 is strong.
Focus Lighting and Fixtures has a Altman Z-Score of 8.11, 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 Focus Lighting and Fixtures's Altman Z-Score or its related term are showing as below:
NSE:FOCUS'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.72 Med: 5.1 Max: 13.24
Current: 8.24
During the past 13 years, Focus Lighting and Fixtures's highest Altman Z-Score was 13.24. The lowest was 1.72. And the median was 5.10.
Focus Lighting and Fixtures (NSE:FOCUS) 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.
* 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:FOCUS vs SN, SGI, MHK: Altman Z-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, Focus Lighting and Fixtures'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.
Focus Lighting and Fixtures Altman Z-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Focus Lighting and Fixtures's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Focus Lighting and Fixtures's Altman Z-Score falls into.
Focus Lighting and Fixtures 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.
* 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.
Focus Lighting and Fixtures (NSE:FOCUS) has a Altman Z-Score of 8.11 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Focus Lighting and Fixtures and its competitors. This is 59% above median its historical median of 5.10. Over the past decade, Focus Lighting and Fixtures' Altman Z-Score has ranged from 1.72 to 13.24. According to the industry distribution chart, Focus Lighting and Fixtures ranks #41 out of 426 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 9.6%.
Is Focus Lighting and Fixtures' Altman Z-Score too high?
Focus Lighting and Fixtures' current Altman Z-Score of 8.11 is 59% above median its 10-year median of 5.10. Over the past 10 years, this metric has ranged from a low of 1.72 to a high of 13.24. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.78. Focus Lighting and Fixtures' value of 8.11 is 192.3% above this industry median. Based on the distribution chart, Focus Lighting and Fixtures ranks #41 out of 426 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Focus Lighting and Fixtures has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Focus Lighting and Fixtures' Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Focus Lighting and Fixtures ranks #41 out of 426 companies for Altman Z-Score. This places Focus Lighting and Fixtures in the top 10% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.78. Focus Lighting and Fixtures' value of 8.11 is 192.3% above this benchmark. Historically, Focus Lighting and Fixtures' own Altman Z-Score has ranged from 1.72 to 13.24 over the past decade. While the company's 10-year median is 5.10 vs. the industry median of 2.78, Focus Lighting and Fixtures 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 Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.78, based on 426 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. Focus Lighting and Fixtures's current Altman Z-Score of 8.11 is 192.3% 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 Focus Lighting and Fixtures and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Focus Lighting and Fixtures's current Altman Z-Score is 8.11, which is 59% above median its own 10-year median of 5.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Focus Lighting and Fixtures stock overvalued right now?
Based on GuruFocus' analysis, Focus Lighting and Fixtures (NSE:FOCUS) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹114.80, compared to a current price of ₹86.69 — trading 24.5% below its estimated fair value. The current Altman Z-Score is 8.11, which is 59% above median its 10-year median of 5.10 and 192.3% above the Furnishings, Fixtures & Appliances industry median of 2.78. Focus Lighting and Fixtures' overall GF Score™ is 94/100 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 Focus Lighting and Fixtures (NSE:FOCUS), the current Altman Z-Score is 8.11 as of Jul. 02, 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 Focus Lighting and Fixtures (NSE:FOCUS) Overvalued in 2026?
Based on GuruFocus' analysis, Focus Lighting and Fixtures stock appears to be undervalued.
The current stock price of ₹86.69 is trading 24.5% below its estimated GF Value™ of ₹114.80.
GuruFocus considers Focus Lighting and Fixtures to be Modestly Undervalued.
Key valuation signals for NSE:FOCUS:
Altman Z-Score: 8.11 (59% above median its 10-year median of 5.10)
GF Value™: ₹114.80 vs. price of ₹86.69 (24.5% below fair value)
Industry Position: 192.3% above the Furnishings, Fixtures & Appliances median (#41 of 426)
No single metric tells the full story. See the NSE:FOCUS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Focus Lighting and Fixtures Ltd provide lighting fixtures. The company has two reportable segments namely trading and manufacturing activities. It generates maximum revenue from the Trading segment. The company products include cabinet lights, lighting systems, pendants, recessed, semi-recessed, surface, track, and trimless.
94GF Score
Get the complete analysis for NSE:FOCUS
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:FOCUS has been successfully added to your 
