OneSpaWorld HoldingsOSW -1.67%85 Altman Z-Score is 12.85 as of Jun. 25, 2026, which is 367% above its 10-year median of 2.75. GuruFocus rates OSW with a GF Score™ of 85/100 and a GF Value™ of $19.80 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 840 Travel & Leisure companies, OneSpaWorld Holdings ranks better than 94.76% 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 13.04 is strong.
OneSpaWorld Holdings has a Altman Z-Score of 12.85, 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 OneSpaWorld Holdings's Altman Z-Score or its related term are showing as below:
OSW'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.29 Med: 2.75 Max: 13.04
Current: 13.04
During the past 10 years, OneSpaWorld Holdings's highest Altman Z-Score was 13.04. The lowest was -0.29. And the median was 2.75.
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.
OneSpaWorld Holdings Altman Z-Score Related Terms
OneSpaWorld Holdings Altman Z-Score Historical Data
* Premium members only.
The historical data trend for OneSpaWorld Holdings'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.
For the Leisure subindustry, OneSpaWorld Holdings'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.
OneSpaWorld Holdings Altman Z-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, OneSpaWorld Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where OneSpaWorld Holdings'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.
OneSpaWorld Holdings'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
*
0.1224
+
1.4
*
-0.3263
+
3.3
*
0.1237
+
0.6
*
18.928
+
1.0
*
1.3932
=
12.85
* 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.
OneSpaWorld Holdings (OSW) has a Altman Z-Score of 12.85 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on OneSpaWorld Holdings and its competitors. This is 367% above median its historical median of 2.75. According to the industry distribution chart, OneSpaWorld Holdings ranks #44 out of 840 companies in the Travel & Leisure industry, placing it in the top 5.2%.
Is OneSpaWorld Holdings' Altman Z-Score too high?
OneSpaWorld Holdings' current Altman Z-Score of 12.85 is 367% above median its 10-year median of 2.75. The Travel & Leisure industry median Altman Z-Score is 1.99. OneSpaWorld Holdings' value of 12.85 is 545.7% above this industry median. Based on the distribution chart, OneSpaWorld Holdings ranks #44 out of 840 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, OneSpaWorld Holdings has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OneSpaWorld Holdings' Altman Z-Score compare to FUN and CALY?
According to the Travel & Leisure industry distribution chart, OneSpaWorld Holdings ranks #44 out of 840 companies for Altman Z-Score. This places OneSpaWorld Holdings in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.99. OneSpaWorld Holdings' value of 12.85 is 545.7% above this benchmark. While the company's 10-year median is 2.75 vs. the industry median of 1.99, OneSpaWorld Holdings 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 Travel & Leisure company?
The median Altman Z-Score among Travel & Leisure companies is 1.99, based on 840 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. OneSpaWorld Holdings's current Altman Z-Score of 12.85 is 545.7% 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 OneSpaWorld Holdings and its competitors. For the Travel & Leisure industry, the median Altman Z-Score is 1.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OneSpaWorld Holdings's current Altman Z-Score is 12.85, which is 367% above median its own 10-year median of 2.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OneSpaWorld Holdings stock overvalued right now?
Based on GuruFocus' analysis, OneSpaWorld Holdings (OSW) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.80, compared to a current price of $27.62 — trading 39.5% above its estimated fair value. The current Altman Z-Score is 12.85, which is 367% above median its 10-year median of 2.75 and 545.7% above the Travel & Leisure industry median of 1.99. OneSpaWorld Holdings' overall GF Score™ is 85/100 with 7 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 OneSpaWorld Holdings (OSW), the current Altman Z-Score is 12.85 as of Jun. 25, 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 OneSpaWorld Holdings (OSW) Overvalued in 2026?
Based on GuruFocus' analysis, OneSpaWorld Holdings stock appears to be overvalued.
The current stock price of $27.62 is trading 39.5% above its estimated GF Value™ of $19.80.
GuruFocus considers OneSpaWorld Holdings to be Significantly Overvalued.
Key valuation signals for OSW:
Altman Z-Score: 12.85 (367% above median its 10-year median of 2.75)
GF Value™: $19.80 vs. price of $27.62 (39.5% above fair value)
Industry Position: 545.7% above the Travel & Leisure median (#44 of 840)
No single metric tells the full story. See the OSW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
OneSpaWorld Holdings Ltd is an operator of health and wellness centers onboard cruise ships and an operator of health and wellness centers at destination resorts all over the world. It offers a suite of premium health, fitness, beauty, and wellness services and products. The services provided by the company include body, salon, and skin care services and products, fitness classes and personal fitness training and pain management, detoxifying programs, and comprehensive body composition analyses among others. The company has only one single segment of Maritime and Destination Resorts.
85GF Score
Get the complete analysis for OSW
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
OSW has been successfully added to your 
