Steven MaddenSHOO 92 Altman Z-Score is 5.08 as of Jun. 25, 2026, which is 37% below its 10-year median of 8.12. GuruFocus rates SHOO with a GF Score™ of 92/100 and a GF Value™ of $49.26 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,034 Manufacturing - Apparel & Accessories companies, Steven Madden ranks better than 81.14% 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 5.08 is strong.
Steven Madden has a Altman Z-Score of 5.08, 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 Steven Madden's Altman Z-Score or its related term are showing as below:
SHOO'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.11 Med: 8.12 Max: 14.83
Current: 5.08
During the past 13 years, Steven Madden's highest Altman Z-Score was 14.83. The lowest was 4.11. And the median was 8.12.
Steven Madden (NAS:SHOO) 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.
Steven Madden Altman Z-Score Related Terms
Steven Madden Altman Z-Score Historical Data
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The historical data trend for Steven Madden'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 Footwear & Accessories subindustry, Steven Madden'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.
Steven Madden Altman Z-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Steven Madden's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Steven Madden'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.
Steven Madden'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
*
0.2954
+
1.4
*
0.9351
+
3.3
*
0.0692
+
0.6
*
3.0671
+
1.0
*
1.3472
=
5.08
* 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.
Steven Madden (SHOO) has a Altman Z-Score of 5.08 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Steven Madden and its competitors. This is 37% below median its historical median of 8.12. Over the past decade, Steven Madden's Altman Z-Score has ranged from 4.11 to 14.83. According to the industry distribution chart, Steven Madden ranks #195 out of 1034 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 18.9%.
Is Steven Madden's Altman Z-Score too high?
Steven Madden's current Altman Z-Score of 5.08 is 37% below median its 10-year median of 8.12. Over the past 10 years, this metric has ranged from a low of 4.11 to a high of 14.83. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.51. Steven Madden's value of 5.08 is 102.4% above this industry median. Based on the distribution chart, Steven Madden ranks #195 out of 1034 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Steven Madden has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Steven Madden's Altman Z-Score compare to WWW and CROX?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Steven Madden ranks #195 out of 1034 companies for Altman Z-Score. This places Steven Madden in the top 19% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.51. Steven Madden's value of 5.08 is 102.4% above this benchmark. Historically, Steven Madden's own Altman Z-Score has ranged from 4.11 to 14.83 over the past decade. While the company's 10-year median is 8.12 vs. the industry median of 2.51, Steven Madden 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 Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.51, based on 1,034 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. Steven Madden's current Altman Z-Score of 5.08 is 102.4% 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 Steven Madden and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steven Madden's current Altman Z-Score is 5.08, which is 37% below median its own 10-year median of 8.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steven Madden stock overvalued right now?
Based on GuruFocus' analysis, Steven Madden (SHOO) is currently considered Modestly Undervalued. The stock's GF Value™ is $49.26, compared to a current price of $42.29 — trading 14.1% below its estimated fair value. The current Altman Z-Score is 5.08, which is 37% below median its 10-year median of 8.12 and 102.4% above the Manufacturing - Apparel & Accessories industry median of 2.51. Steven Madden's overall GF Score™ is 92/100 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 Steven Madden (SHOO), the current Altman Z-Score is 5.08 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 Steven Madden (SHOO) Overvalued in 2026?
Based on GuruFocus' analysis, Steven Madden stock appears to be undervalued.
The current stock price of $42.29 is trading 14.1% below its estimated GF Value™ of $49.26.
GuruFocus considers Steven Madden to be Modestly Undervalued.
Key valuation signals for SHOO:
Altman Z-Score: 5.08 (37% below median its 10-year median of 8.12)
GF Value™: $49.26 vs. price of $42.29 (14.1% below fair value)
Industry Position: 102.4% above the Manufacturing - Apparel & Accessories median (#195 of 1034)
No single metric tells the full story. See the SHOO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steven Madden Ltd and its subsidiaries design, source, and market branded and private label footwear, accessories, and apparel. Its offerings include contemporary styles and core products, known for design creativity, trend-right offerings, high quality, and accessible price points. It operates through four segments: Wholesale Footwear, which generates maximum revenue and sells footwear globally; Wholesale Accessories/Apparel, which sells handbags and apparel through wholesale channels; Direct-to-Consumer, which sells footwear, handbags, apparel, and accessories through stores, outlets, e-commerce, and concessions; and Licensing, which licenses Steve Madden, Betsey Johnson, and Kurt Geiger trademarks, with the Company generating the majority of its revenue from the USA.
92GF Score
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