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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 4.75 is strong.
Victory Electric Vehicles International has a Altman Z-Score of 4.80, 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.
Victory Electric Vehicles International (NSE:VICTORYEV) 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.
Victory Electric Vehicles International Altman Z-Score Chart
Victory Electric Vehicles International Annual Data
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NSE:VICTORYEV vs TSLA, GM, F: Altman Z-Score Comparison
For the Auto Manufacturers subindustry, Victory Electric Vehicles International'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.
Victory Electric Vehicles International Altman Z-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Victory Electric Vehicles International's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Victory Electric Vehicles International's Altman Z-Score falls into.
Victory Electric Vehicles International 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.
Victory Electric Vehicles International (NSE:VICTORYEV) has a Altman Z-Score of 4.80 as of Jul. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Victory Electric Vehicles International and its competitors. According to the industry distribution chart, Victory Electric Vehicles International ranks #269 out of 1313 companies in the Vehicles & Parts industry, placing it in the top 20.5%.
Is Victory Electric Vehicles International's Altman Z-Score too high?
Victory Electric Vehicles International's current Altman Z-Score is 4.80. The Vehicles & Parts industry median Altman Z-Score is 2.56. Victory Electric Vehicles International's value of 4.80 is 87.5% above this industry median. Based on the distribution chart, Victory Electric Vehicles International ranks #269 out of 1313 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Victory Electric Vehicles International has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Victory Electric Vehicles International's Altman Z-Score compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Victory Electric Vehicles International ranks #269 out of 1313 companies for Altman Z-Score. This places Victory Electric Vehicles International in the top 21% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.56. Victory Electric Vehicles International's value of 4.80 is 87.5% above this benchmark. 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 Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.56, based on 1,313 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. Victory Electric Vehicles International's current Altman Z-Score of 4.80 is 87.5% 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 Victory Electric Vehicles International and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Victory Electric Vehicles International's current Altman Z-Score is 4.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Victory Electric Vehicles International stock overvalued right now?
Victory Electric Vehicles International (NSE:VICTORYEV) has a current Altman Z-Score of 4.80. The current Altman Z-Score is 4.80 and 87.5% above the Vehicles & Parts industry median of 2.56. Victory Electric Vehicles International's overall GF Score™ is 18/100 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 Victory Electric Vehicles International (NSE:VICTORYEV), the current Altman Z-Score is 4.80 as of Jul. 16, 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.
Victory Electric Vehicles International Business Description
Victory Electric Vehicles International Ltd is engaged in the business of manufacturing of battery operated electric rickshaws and electric scooters. The company's key offerings include solar rickshaws, Auto-rickshaws, Motor vehicles, Scooters, Motor-Scooters, three-wheelers, motor cycles, cycles automobiles, and motorcars. Its product segments include Two wheelers, Three wheelers, Passenger Vehicles, and Commercial Vehicles. The company generates the majority of revenue from the sale of Electric Vehicles, mainly from Three-Wheeler vehicle sales.
18GF Score
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