GSM FoilsNSE:GSMFOILS -2.06%51 Altman Z-Score is 4.65 as of Jul. 06, 2026, which is 14% below its 10-year median of 5.39. GuruFocus rates NSE:GSMFOILS with a GF Score™ of 51/100. The stock has 6 warning signs investors should review. Among 809 Medical Devices & Instruments companies, GSM Foils ranks better than 63.29% 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 4.65 is strong.
GSM Foils has a Altman Z-Score of 4.65, 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 GSM Foils's Altman Z-Score or its related term are showing as below:
NSE:GSMFOILS'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.15 Med: 5.39 Max: 6.62
Current: 4.65
During the past 6 years, GSM Foils's highest Altman Z-Score was 6.62. The lowest was 4.15. And the median was 5.39.
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.
GSM Foils Altman Z-Score Related Terms
GSM Foils Altman Z-Score Historical Data
* Premium members only.
The historical data trend for GSM Foils'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:GSMFOILS vs ISRG, BDX, MDLN: Altman Z-Score Comparison
For the Medical Instruments & Supplies subindustry, GSM Foils'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.
GSM Foils Altman Z-Score vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, GSM Foils's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where GSM Foils'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.
GSM Foils'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
*
0.3592
+
1.4
*
0
+
3.3
*
0.1799
+
0.6
*
3.4318
+
1.0
*
1.5643
=
4.65
* 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.
GSM Foils (NSE:GSMFOILS) has a Altman Z-Score of 4.65 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on GSM Foils and its competitors. This is 14% below median its historical median of 5.39. Over the past decade, GSM Foils' Altman Z-Score has ranged from 4.15 to 6.62. According to the industry distribution chart, GSM Foils ranks #297 out of 809 companies in the Medical Devices & Instruments industry, placing it in the top 36.7%.
Is GSM Foils' Altman Z-Score too high?
GSM Foils' current Altman Z-Score of 4.65 is 14% below median its 10-year median of 5.39. Over the past 10 years, this metric has ranged from a low of 4.15 to a high of 6.62. The Medical Devices & Instruments industry median Altman Z-Score is 3.02. GSM Foils' value of 4.65 is 54% above this industry median. Based on the distribution chart, GSM Foils ranks #297 out of 809 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, GSM Foils has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does GSM Foils' Altman Z-Score compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, GSM Foils ranks #297 out of 809 companies for Altman Z-Score. This puts GSM Foils in the upper half of its industry. The industry median Altman Z-Score is 3.02. GSM Foils' value of 4.65 is 54% above this benchmark. Historically, GSM Foils' own Altman Z-Score has ranged from 4.15 to 6.62 over the past decade. While the company's 10-year median is 5.39 vs. the industry median of 3.02, GSM Foils 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 Medical Devices & Instruments company?
The median Altman Z-Score among Medical Devices & Instruments companies is 3.02, based on 809 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. GSM Foils's current Altman Z-Score of 4.65 is 54% 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 GSM Foils and its competitors. For the Medical Devices & Instruments industry, the median Altman Z-Score is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GSM Foils's current Altman Z-Score is 4.65, which is 14% below median its own 10-year median of 5.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GSM Foils stock overvalued right now?
GSM Foils (NSE:GSMFOILS) has a current Altman Z-Score of 4.65. The current Altman Z-Score is 4.65, which is 14% below median its 10-year median of 5.39 and 54% above the Medical Devices & Instruments industry median of 3.02. GSM Foils' overall GF Score™ is 51/100 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 GSM Foils (NSE:GSMFOILS), the current Altman Z-Score is 4.65 as of Jul. 06, 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.
GSM Foils Ltd is engaged in the business of manufacturing Blister Foils and Aluminium Pharma Foils (also known as Strip Foils) which is used in packing of pharmaceutical medicines which includes capsules and tablets both. It products includes plain and printed aluminum foils and strip foils along with alu alu base foils and it ranges from 0.020/ 0.025/ 0.030/ 0.040 micron for coated /ploy laminated/ blister/ strip printed foils. Aluminium Foil or Strip Foils are one of the packaging options for highly sensitive pharmaceutical products that protects the medicines from oxygen, moisture, and other environmental influences. Blister Foils are commonly used as unit-dose packaging for pharmaceutical tablets.
51GF Score
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