SCLZF (Scales) Altman Z-Score: 3.24 (As of Jun. 30, 2026) — 20% Below Median


SCLZF Scales Corp Ltd SCLZF
99 GF Score
Price $2.50
GF Value $2.68
! 3 Warning Signs
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What is Scales Altman Z-Score?

Scales SCLZF 99 Altman Z-Score is 3.24 as of Jun. 30, 2026, which is 20% below its 10-year median of 4.06. GuruFocus rates SCLZF with a GF Score™ of 99/100 and a GF Value™ of $2.68. The stock has 3 warning signs investors should review. Among 1,931 Consumer Packaged Goods companies, Scales ranks better than 57.74% 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 3.28 is strong.

Scales has a Altman Z-Score of 3.24, 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 Scales's Altman Z-Score or its related term are showing as below:

SCLZF' s Altman Z-Score Range Over the Past 10 Years
Min: 3.23   Med: 4.06   Max: 5.29
Current: 3.28

During the past 12 years, Scales's highest Altman Z-Score was 5.29. The lowest was 3.23. And the median was 4.06.


Scales  (OTCPK:SCLZF) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Scales Altman Z-Score Related Terms


Scales Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Scales'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.

Scales Altman Z-Score Chart

Scales Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.36 3.88 3.31 3.47 3.23

Scales Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.31 0.00 3.47 0.00 3.23

SCLZF vs KHC, GIS, HRL: Altman Z-Score Comparison

For the Packaged Foods subindustry, Scales'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.


Scales Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Scales's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Scales's Altman Z-Score falls into.


SCLZF
99GF Score
Scales Corp Ltd SCLZF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Scales 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.

Scales'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*0.1124+1.4*0.2858+3.3*0.1563+0.6*1.9772+1.0*1.007
=3.24

* 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.

Trailing Twelve Months (TTM) ended in Dec. 2025:
Total Assets was $520.7 Mil.
Total Current Assets was $172.4 Mil.
Total Current Liabilities was $113.8 Mil.
Retained Earnings was $148.8 Mil.
Pre-Tax Income was $78.3 Mil.
Interest Expense was $-3.1 Mil.
Revenue was $524.4 Mil.
Market Cap (Today) was $507.3 Mil.
Total Liabilities was $256.6 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(172.367 - 113.831)/520.748
=0.1124

X2=Retained Earnings/Total Assets
=148.808/520.748
=0.2858

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(78.295 - -3.115)/520.748
=0.1563

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=507.282/256.561
=1.9772

X5=Revenue/Total Assets
=524.372/520.748
=1.007

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Scales has a Altman Z-Score of 3.24 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 3.24 mean?
Scales (SCLZF) has a Altman Z-Score of 3.24 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Scales and its competitors. This is 20% below median its historical median of 4.06. Over the past decade, Scales' Altman Z-Score has ranged from 3.23 to 5.29. According to the industry distribution chart, Scales ranks #816 out of 1931 companies in the Consumer Packaged Goods industry, placing it in the top 42.3%.
Is Scales' Altman Z-Score too high?
Scales' current Altman Z-Score of 3.24 is 20% below median its 10-year median of 4.06. Over the past 10 years, this metric has ranged from a low of 3.23 to a high of 5.29. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. Scales' value of 3.24 is 14.5% above this industry median. Based on the distribution chart, Scales ranks #816 out of 1931 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Scales has a GF Score™ of 99/100, reflecting its overall financial health beyond just this single metric.
How does Scales' Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Scales ranks #816 out of 1931 companies for Altman Z-Score. This puts Scales in the upper half of its industry. The industry median Altman Z-Score is 2.83. Scales' value of 3.24 is 14.5% above this benchmark. Historically, Scales' own Altman Z-Score has ranged from 3.23 to 5.29 over the past decade. While the company's 10-year median is 4.06 vs. the industry median of 2.83, Scales 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.83, based on 1,931 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. Scales's current Altman Z-Score of 3.24 is 14.5% 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 Scales and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scales's current Altman Z-Score is 3.24, which is 20% below median its own 10-year median of 4.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scales stock overvalued right now?
Scales (SCLZF) has a current Altman Z-Score of 3.24. The stock's GF Value™ is $2.68, compared to a current price of $2.50 — trading 6.7% below its estimated fair value. The current Altman Z-Score is 3.24, which is 20% below median its 10-year median of 4.06 and 14.5% above the Consumer Packaged Goods industry median of 2.83. Scales' overall GF Score™ is 99/100 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 Scales (SCLZF), the current Altman Z-Score is 3.24 as of Jun. 30, 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 Scales (SCLZF) Overvalued in 2026?

Based on GuruFocus' analysis, Scales stock appears to be undervalued. The current stock price of $2.50 is trading 6.7% below its estimated GF Value™ of $2.68.

Key valuation signals for SCLZF:

  • Altman Z-Score: 3.24 (20% below median its 10-year median of 4.06)
  • GF Value™: $2.68 vs. price of $2.50 (6.7% below fair value)
  • GF Score™: 99/100 with 3 warning signs
  • Industry Position: 14.5% above the Consumer Packaged Goods median (#816 of 1931)

No single metric tells the full story. See the SCLZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Scales Business Description

Other Exchanges SCL:New ZealandS05:Germany
Address 52 Cashel Street, Christchurch, NZL, 8013
Scales Corp Ltd is a company engaged in agribusiness activities. It is principally engaged in the manufacture and trade of food ingredients, growing apples, operating processing facilities, exporting products, providing logistics services and providing insurance services to companies within the Group. The company's operating segments are Global Proteins, Horticulture, Logistics, and Others. The majority of the revenue for the company is generated from the Global Proteins segment, which is engaged in the processing and marketing of proteins such as pet food ingredients, edible meat, and offal products. Geographically, the company generates the maximum revenue from Asia and the rest from New Zealand, North America, Europe, and other regions.
99GF Score

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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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