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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 -0.41 is in distress zone. This implies bankruptcy possibility in the next two years.
GVP Infotech has a Altman Z-Score of -0.38, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 GVP Infotech's Altman Z-Score or its related term are showing as below:
NSE:GVPTECH'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.59 Med: 2.3 Max: 104.15
Current: -0.41
During the past 12 years, GVP Infotech's highest Altman Z-Score was 104.15. The lowest was -0.59. And the median was 2.30.
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.
GVP Infotech Altman Z-Score Related Terms
GVP Infotech Altman Z-Score Historical Data
* Premium members only.
The historical data trend for GVP Infotech'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:GVPTECH vs IBM, ACN, FISV: Altman Z-Score Comparison
For the Information Technology Services subindustry, GVP Infotech'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.
GVP Infotech Altman Z-Score vs Software Industry
For the Software industry and Technology sector, GVP Infotech's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where GVP Infotech'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.
GVP Infotech'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
*
0.2512
+
1.4
*
0
+
3.3
*
-0.7497
+
0.6
*
2.8989
+
1.0
*
0.0536
=
-0.38
* 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.
GVP Infotech (NSE:GVPTECH) has a Altman Z-Score of -0.38 as of Jul. 20, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on GVP Infotech and its competitors. According to the industry distribution chart, GVP Infotech ranks #2350 out of 2767 companies in the Software industry, placing it in the top 84.9%.
Is GVP Infotech's Altman Z-Score too high?
GVP Infotech's current Altman Z-Score is -0.38. Based on the distribution chart, GVP Infotech ranks #2350 out of 2767 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, GVP Infotech has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GVP Infotech's Altman Z-Score compare to IBM and ACN?
According to the Software industry distribution chart, GVP Infotech ranks #2350 out of 2767 companies for Altman Z-Score. This places GVP Infotech in the lower half of its industry. The industry median Altman Z-Score is 3.11. 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 Software company?
The median Altman Z-Score among Software companies is 3.11, based on 2,767 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. 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 GVP Infotech and its competitors. For the Software industry, the median Altman Z-Score is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GVP Infotech's current Altman Z-Score is -0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GVP Infotech stock overvalued right now?
Based on GuruFocus' analysis, GVP Infotech (NSE:GVPTECH) is currently considered Significantly Overvalued. The stock's GF Value™ is ₹3.97, compared to a current price of ₹6.81 — trading 71.5% above its estimated fair value. The current Altman Z-Score is -0.38. GVP Infotech's overall GF Score™ is 46/100 with 4 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 GVP Infotech (NSE:GVPTECH), the current Altman Z-Score is -0.38 as of Jul. 20, 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 GVP Infotech (NSE:GVPTECH) Overvalued in 2026?
Based on GuruFocus' analysis, GVP Infotech stock appears to be overvalued.
The current stock price of ₹6.81 is trading 71.5% above its estimated GF Value™ of ₹3.97.
GuruFocus considers GVP Infotech to be Significantly Overvalued.
Key valuation signals for NSE:GVPTECH:
Altman Z-Score: -0.38
GF Value™: ₹3.97 vs. price of ₹6.81 (71.5% above fair value)
No single metric tells the full story. See the NSE:GVPTECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GVP Infotech Ltd, formerly Fourth Dimension Solutions Ltd provides information technology (IT) related products and IT related services. The company focuses on various e-governance activities of the Central Government and the State Government. Its technology solutions include computing, switching and routing, structured cabling, storage and server consolidation, and Internet and data security. Its IT Infrastructure Services include IT facilities management services, e-commerce, and implementation of configuration services for computing and network pieces. Its Operations Outsourcing solutions include system integration, voice, data, video, safety and security, documents and record management, and printing solutions.
46GF Score
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