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 -1.37 is in distress zone. This implies bankruptcy possibility in the next two years.
Retail Food Group has a Altman Z-Score of -1.38, 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 Retail Food Group's Altman Z-Score or its related term are showing as below:
RFGPF'
s Altman Z-Score Range Over the Past 10 Years
Min: -3.14 Med: -0.88 Max: 3.23
Current: -1.37
During the past 13 years, Retail Food Group's highest Altman Z-Score was 3.23. The lowest was -3.14. And the median was -0.88.
Retail Food Group (OTCPK:RFGPF) 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.
Altman Z-Score does not apply to financial companies.
Retail Food Group Altman Z-Score Related Terms
Retail Food Group Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Retail Food Group'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.
RFGPF vs MCD, SBUX, CMG: Altman Z-Score Comparison
For the Restaurants subindustry, Retail Food Group'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.
Retail Food Group Altman Z-Score vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Retail Food Group's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Retail Food Group'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.
Retail Food Group'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
*
-0.0503
+
1.4
*
-1.2555
+
3.3
*
-0.0388
+
0.6
*
0.3032
+
1.0
*
0.3823
=
-1.38
* 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.
Retail Food Group (RFGPF) has a Altman Z-Score of -1.38 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Retail Food Group and its competitors. According to the industry distribution chart, Retail Food Group ranks #330 out of 360 companies in the Restaurants industry, placing it in the top 91.7%.
Is Retail Food Group's Altman Z-Score too high?
Retail Food Group's current Altman Z-Score is -1.38. Based on the distribution chart, Retail Food Group ranks #330 out of 360 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Retail Food Group has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Retail Food Group's Altman Z-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Retail Food Group ranks #330 out of 360 companies for Altman Z-Score. This places Retail Food Group in the lower half of its industry. The industry median Altman Z-Score is 2.23. 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 Restaurants company?
The median Altman Z-Score among Restaurants companies is 2.23, based on 360 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 Retail Food Group and its competitors. For the Restaurants industry, the median Altman Z-Score is 2.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Retail Food Group's current Altman Z-Score is -1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Retail Food Group stock overvalued right now?
Retail Food Group (RFGPF) has a current Altman Z-Score of -1.38. The stock's GF Value™ is $3.73, compared to a current price of $1.60 — trading 57.1% below its estimated fair value. The current Altman Z-Score is -1.38. Retail Food Group's overall GF Score™ is 47/100 with 3 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 Retail Food Group (RFGPF), the current Altman Z-Score is -1.38 as of Jun. 26, 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 Retail Food Group (RFGPF) Overvalued in 2026?
Based on GuruFocus' analysis, Retail Food Group stock appears to be undervalued.
The current stock price of $1.60 is trading 57.1% below its estimated GF Value™ of $3.73.
Key valuation signals for RFGPF:
Altman Z-Score: -1.38
GF Value™: $3.73 vs. price of $1.60 (57.1% below fair value)
No single metric tells the full story. See the RFGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Retail Food Group Ltd owns, operates, and franchises restaurants located in Australia. Retail Food Group's brands include Donut King, Michel's Patisserie, Brumby's Bakery, Esquires Coffee Houses, Gloria Jean's Coffees, Pizza Capers Gourmet Kitchen, and Crust Gourmet Pizza. The company generates roughly half its revenue from restaurants that it directly operates. Its key source of revenue is from franchise agreements. The Group's primary revenue streams include revenue from the sales of goods, revenue from the sale of franchise agreements, revenue from the sale of distribution rights, operating lease income, and other sources. Its segments are Cafe, Coffee & Bakery, and Quick Service Restaurants (QSR) Systems and generates maximum revenue from the Cafe, Coffee & Bakery segment.
47GF Score
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