SPARQ SystemsSPRQF 35 Altman Z-Score is 119.60 as of Jun. 27, 2026, which is 193% above its 10-year median of 40.79. GuruFocus rates SPRQF with a GF Score™ of 35/100 and a GF Value™ of $0.81 (Fairly Valued). The stock has 4 warning signs investors should review. Among 3,012 Industrial Products companies, SPARQ Systems ranks better than 99.7% 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 124.11 is strong.
SPARQ Systems has a Altman Z-Score of 119.60, 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 SPARQ Systems's Altman Z-Score or its related term are showing as below:
SPRQF'
s Altman Z-Score Range Over the Past 10 Years
Min: -10.16 Med: 40.79 Max: 156.47
Current: 124.11
During the past 8 years, SPARQ Systems's highest Altman Z-Score was 156.47. The lowest was -10.16. And the median was 40.79.
SPARQ Systems (OTCPK:SPRQF) 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.
SPARQ Systems Altman Z-Score Related Terms
SPARQ Systems Altman Z-Score Historical Data
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The historical data trend for SPARQ Systems'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 Electrical Equipment & Parts subindustry, SPARQ Systems'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.
SPARQ Systems Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, SPARQ Systems's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where SPARQ Systems'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.
SPARQ Systems'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
*
0.8454
+
1.4
*
-6.7438
+
3.3
*
-0.7235
+
0.6
*
216.6779
+
1.0
*
0.4119
=
119.60
* 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.
SPARQ Systems (SPRQF) has a Altman Z-Score of 119.60 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on SPARQ Systems and its competitors. This is 193% above median its historical median of 40.79. According to the industry distribution chart, SPARQ Systems ranks #9 out of 3012 companies in the Industrial Products industry, placing it in the top 0.3%.
Is SPARQ Systems' Altman Z-Score too high?
SPARQ Systems' current Altman Z-Score of 119.60 is 193% above median its 10-year median of 40.79. The Industrial Products industry median Altman Z-Score is 3.42. SPARQ Systems' value of 119.60 is 3402.2% above this industry median. Based on the distribution chart, SPARQ Systems ranks #9 out of 3012 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, SPARQ Systems has a GF Score™ of 35/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SPARQ Systems' Altman Z-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, SPARQ Systems ranks #9 out of 3012 companies for Altman Z-Score. This places SPARQ Systems in the top 0% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.42. SPARQ Systems' value of 119.60 is 3402.2% above this benchmark. While the company's 10-year median is 40.79 vs. the industry median of 3.42, SPARQ Systems 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 Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.42, based on 3,012 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. SPARQ Systems's current Altman Z-Score of 119.60 is 3402.2% 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 SPARQ Systems and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SPARQ Systems's current Altman Z-Score is 119.60, which is 193% above median its own 10-year median of 40.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SPARQ Systems stock overvalued right now?
Based on GuruFocus' analysis, SPARQ Systems (SPRQF) is currently considered Fairly Valued. The stock's GF Value™ is $0.81, compared to a current price of $0.86 — trading 5.9% above its estimated fair value. The current Altman Z-Score is 119.60, which is 193% above median its 10-year median of 40.79 and 3402.2% above the Industrial Products industry median of 3.42. SPARQ Systems' overall GF Score™ is 35/100 with 4 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 SPARQ Systems (SPRQF), the current Altman Z-Score is 119.60 as of Jun. 27, 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 SPARQ Systems (SPRQF) Overvalued in 2026?
Based on GuruFocus' analysis, SPARQ Systems stock appears to be overvalued.
The current stock price of $0.86 is trading 5.9% above its estimated GF Value™ of $0.81.
GuruFocus considers SPARQ Systems to be Fairly Valued.
Key valuation signals for SPRQF:
Altman Z-Score: 119.60 (193% above median its 10-year median of 40.79)
GF Value™: $0.81 vs. price of $0.86 (5.9% above fair value)
Industry Position: 3402.2% above the Industrial Products median (#9 of 3012)
No single metric tells the full story. See the SPRQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SPARQ Systems Inc designs and manufactures next generation single-phase microinverters for residential and commercial solar electric applications. The company has developed a proprietary photovoltaic (PV) solution called the Quad; the Quad inverter optimizes four PV modules with a single microinverter, simplifying design and installation, and lowering cost for solar power installations when compared to existing market offerings. Its products include Quad2, Quad3, Q1200 Microinverter, SparqLinq, SparqVu, and SparqSync. The company derives revenue from the sale of hardware, including microinverters and their associated peripherals.
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