SCYRF (NorthPalm Capital) Altman Z-Score: 4.41 (As of Jun. 24, 2026) — 13% Above Median


SCYRF NorthPalm Capital Corp SCYRF
40 GF Score
Price $0.08
GF Value $0.02
Valuation Significantly Overvalued
! 6 Warning Signs
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What is NorthPalm Capital Altman Z-Score?

NorthPalm Capital SCYRF 40 Altman Z-Score is 4.41 as of Jun. 24, 2026, which is 13% above its 10-year median of 3.89. GuruFocus rates SCYRF with a GF Score™ of 40/100 and a GF Value™ of $0.02 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 652 Asset Management companies, NorthPalm Capital ranks better than 53.37% 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 3.96 is strong.

NorthPalm Capital has a Altman Z-Score of 4.41, 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 NorthPalm Capital's Altman Z-Score or its related term are showing as below:

SCYRF' s Altman Z-Score Range Over the Past 10 Years
Min: -20.62   Med: 3.89   Max: 191.67
Current: 3.96

During the past 13 years, NorthPalm Capital's highest Altman Z-Score was 191.67. The lowest was -20.62. And the median was 3.89.


NorthPalm Capital  (OTCPK:SCYRF) 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.


NorthPalm Capital Altman Z-Score Related Terms


NorthPalm Capital Altman Z-Score Historical Data

* Premium members only.

The historical data trend for NorthPalm Capital'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.

NorthPalm Capital Altman Z-Score Chart

NorthPalm Capital Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.88 -8.04 -17.13 -16.24 -1.52

NorthPalm Capital Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -4.66 -5.49 -1.52 -4.64 3.96

SCYRF vs BLK, BX, KKR: Altman Z-Score Comparison

For the Asset Management subindustry, NorthPalm Capital'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.


NorthPalm Capital Altman Z-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, NorthPalm Capital's Altman Z-Score distribution charts can be found below:

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


SCYRF
40GF Score
NorthPalm Capital Corp SCYRF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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NorthPalm Capital 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.

NorthPalm Capital'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*-0.0141+1.4*-0.1741+3.3*0.5745+0.6*4.5973+1.0*0.0212
=4.41

* 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 Mar. 2026:
Total Assets was $6.80 Mil.
Total Current Assets was $0.44 Mil.
Total Current Liabilities was $0.54 Mil.
Retained Earnings was $-1.18 Mil.
Pre-Tax Income was -0.512 + -0.666 + 5.726 + -0.906 = $3.64 Mil.
Interest Expense was -0.047 + -0.046 + -0.125 + -0.048 = $-0.27 Mil.
Revenue was 0.005 + 0 + 0.06 + 0.079 = $0.14 Mil.
Market Cap (Today) was $4.16 Mil.
Total Liabilities was $0.90 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
=(0.441 - 0.537)/6.802
=-0.0141

X2=Retained Earnings/Total Assets
=-1.184/6.802
=-0.1741

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(3.642 - -0.266)/6.802
=0.5745

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4.156/0.904
=4.5973

X5=Revenue/Total Assets
=0.144/6.802
=0.0212

The zones of discrimination were as such:

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

NorthPalm Capital has a Altman Z-Score of 4.41 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 4.41 mean?
NorthPalm Capital (SCYRF) has a Altman Z-Score of 4.41 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on NorthPalm Capital and its competitors. This is 13% above median its historical median of 3.89. According to the industry distribution chart, NorthPalm Capital ranks #304 out of 652 companies in the Asset Management industry, placing it in the top 46.6%.
Is NorthPalm Capital's Altman Z-Score too high?
NorthPalm Capital's current Altman Z-Score of 4.41 is 13% above median its 10-year median of 3.89. The Asset Management industry median Altman Z-Score is 3.47. NorthPalm Capital's value of 4.41 is 27.1% above this industry median. Based on the distribution chart, NorthPalm Capital ranks #304 out of 652 companies in the Asset Management industry, which is above the industry midpoint. Overall, NorthPalm Capital has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NorthPalm Capital's Altman Z-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, NorthPalm Capital ranks #304 out of 652 companies for Altman Z-Score. This puts NorthPalm Capital in the upper half of its industry. The industry median Altman Z-Score is 3.47. NorthPalm Capital's value of 4.41 is 27.1% above this benchmark. While the company's 10-year median is 3.89 vs. the industry median of 3.47, NorthPalm Capital 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 3.47, based on 652 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. NorthPalm Capital's current Altman Z-Score of 4.41 is 27.1% 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 NorthPalm Capital and its competitors. For the Asset Management industry, the median Altman Z-Score is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NorthPalm Capital's current Altman Z-Score is 4.41, which is 13% above median its own 10-year median of 3.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NorthPalm Capital stock overvalued right now?
Based on GuruFocus' analysis, NorthPalm Capital (SCYRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.02, compared to a current price of $0.08 — trading 291% above its estimated fair value. The current Altman Z-Score is 4.41, which is 13% above median its 10-year median of 3.89 and 27.1% above the Asset Management industry median of 3.47. NorthPalm Capital's overall GF Score™ is 40/100 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 NorthPalm Capital (SCYRF), the current Altman Z-Score is 4.41 as of Jun. 24, 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 NorthPalm Capital (SCYRF) Overvalued in 2026?

Based on GuruFocus' analysis, NorthPalm Capital stock appears to be overvalued. The current stock price of $0.08 is trading 291% above its estimated GF Value™ of $0.02. GuruFocus considers NorthPalm Capital to be Significantly Overvalued.

Key valuation signals for SCYRF:

  • Altman Z-Score: 4.41 (13% above median its 10-year median of 3.89)
  • GF Value™: $0.02 vs. price of $0.08 (291% above fair value)
  • GF Score™: 40/100 with 6 warning signs
  • Industry Position: 27.1% above the Asset Management median (#304 of 652)

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


NorthPalm Capital Business Description

Other Exchanges EIY:GermanyNP:Canada
Address 1215 Queensway East, Unit 54, Mississauga, ON, CAN, L4Y 0G4
NorthPalm Capital Corp invests in and actively supports a growing portfolio of pioneering and high-upside ventures across the technology sector. It identifies and invests in high-growth opportunities to compound shareholder value over time. The group offers shareholders direct participation in a research-led, AI-augmented investment idea, actively sourcing and allocating capital into high-potential opportunities with discipline.
40GF Score

Get the complete analysis for SCYRF

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

$0.08
Price
$0.02
GF Value