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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.
Good Sign:
Altman Z-score of 90.4 is strong.
Nippon Life India Asset Management has a Altman Z-Score of 85.97, 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.
NSE:NAM-INDIA'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.93 Med: 42.01 Max: 90.4
Current: 90.4
During the past 13 years, Nippon Life India Asset Management's highest Altman Z-Score was 90.40. The lowest was 1.93. And the median was 42.01.
Nippon Life India Asset Management (NSE:NAM-INDIA) 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.
Nippon Life India Asset Management Altman Z-Score Chart
NSE:NAM-INDIA vs BLK, BX, KKR: Altman Z-Score Comparison
For the Asset Management subindustry, Nippon Life India Asset Management'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.
Nippon Life India Asset Management Altman Z-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Nippon Life India Asset Management's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Nippon Life India Asset Management's Altman Z-Score falls into.
Nippon Life India Asset Management 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.
Nippon Life India Asset Management (NSE:NAM-INDIA) has a Altman Z-Score of 85.97 as of Jul. 17, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Nippon Life India Asset Management and its competitors. This is 105% above median its historical median of 42.01. Over the past decade, Nippon Life India Asset Management's Altman Z-Score has ranged from 1.93 to 90.40. According to the industry distribution chart, Nippon Life India Asset Management ranks #34 out of 649 companies in the Asset Management industry, placing it in the top 5.2%.
Is Nippon Life India Asset Management's Altman Z-Score too high?
Nippon Life India Asset Management's current Altman Z-Score of 85.97 is 105% above median its 10-year median of 42.01. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 90.40. The Asset Management industry median Altman Z-Score is 3.60. Nippon Life India Asset Management's value of 85.97 is 2288.1% above this industry median. Based on the distribution chart, Nippon Life India Asset Management ranks #34 out of 649 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Nippon Life India Asset Management has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Life India Asset Management's Altman Z-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Nippon Life India Asset Management ranks #34 out of 649 companies for Altman Z-Score. This places Nippon Life India Asset Management in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.60. Nippon Life India Asset Management's value of 85.97 is 2288.1% above this benchmark. Historically, Nippon Life India Asset Management's own Altman Z-Score has ranged from 1.93 to 90.40 over the past decade. While the company's 10-year median is 42.01 vs. the industry median of 3.60, Nippon Life India Asset Management 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 an Asset Management company?
The median Altman Z-Score among Asset Management companies is 3.60, based on 649 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. Nippon Life India Asset Management's current Altman Z-Score of 85.97 is 2288.1% 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 Nippon Life India Asset Management and its competitors. For the Asset Management industry, the median Altman Z-Score is 3.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Life India Asset Management's current Altman Z-Score is 85.97, which is 105% above median its own 10-year median of 42.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Life India Asset Management stock overvalued right now?
Based on GuruFocus' analysis, Nippon Life India Asset Management (NSE:NAM-INDIA) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹970.47, compared to a current price of ₹1,151.50 — trading 18.7% above its estimated fair value. The current Altman Z-Score is 85.97, which is 105% above median its 10-year median of 42.01 and 2288.1% above the Asset Management industry median of 3.60. Nippon Life India Asset Management's overall GF Score™ is 91/100 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 Nippon Life India Asset Management (NSE:NAM-INDIA), the current Altman Z-Score is 85.97 as of Jul. 17, 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 Nippon Life India Asset Management (NSE:NAM-INDIA) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Life India Asset Management stock appears to be overvalued.
The current stock price of ₹1,151.50 is trading 18.7% above its estimated GF Value™ of ₹970.47.
GuruFocus considers Nippon Life India Asset Management to be Modestly Overvalued.
Key valuation signals for NSE:NAM-INDIA:
Altman Z-Score: 85.97 (105% above median its 10-year median of 42.01)
GF Value™: ₹970.47 vs. price of ₹1,151.50 (18.7% above fair value)
Industry Position: 2288.1% above the Asset Management median (#34 of 649)
No single metric tells the full story. See the NSE:NAM-INDIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Life India Asset Management Business Description
Nippon Life India Asset Management Ltd principal activity is to act as an investment manager to Nippon India Mutual Fund. The Company is in the business of providing asset management services to the schemes of Nippon India Mutual Fund, funds launched in GIFT city, portfolio management service, and advisory service to the clients/schemes. The primary segment is identified as asset management services. The company's products are Equity Funds, Debt Funds, Index Funds, Hybrid Funds, Gold Funds, Liquid Funds, Retirement Funds, ETF, NFO/FFO, etc.
91GF Score
Get the complete analysis for NSE:NAM-INDIA
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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