Summit RoyaltiesSUMMF +0.60%19 Altman Z-Score is 11.59 as of Jul. 04, 2026, which is 14% below its 10-year median of 13.45. GuruFocus rates SUMMF with a GF Score™ of 19/100. The stock has 1 warning sign investors should review. Among 787 Metals & Mining companies, Summit Royalties ranks better than 86.4% 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 11.64 is strong.
Summit Royalties has a Altman Z-Score of 11.59, 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 Summit Royalties's Altman Z-Score or its related term are showing as below:
SUMMF'
s Altman Z-Score Range Over the Past 10 Years
Min: 11.64 Med: 13.45 Max: 13.91
Current: 11.64
During the past 2 years, Summit Royalties's highest Altman Z-Score was 13.91. The lowest was 11.64. And the median was 13.45.
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.
Summit Royalties Altman Z-Score Related Terms
Summit Royalties Altman Z-Score Historical Data
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The historical data trend for Summit Royalties'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 Other Precious Metals & Mining subindustry, Summit Royalties'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.
Summit Royalties Altman Z-Score vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Summit Royalties's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Summit Royalties'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.
Summit Royalties'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
*
0.1052
+
1.4
*
0.0821
+
3.3
*
0.133
+
0.6
*
17.7587
+
1.0
*
0.2516
=
11.59
* 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.
Summit Royalties (SUMMF) has a Altman Z-Score of 11.59 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Summit Royalties and its competitors. This is 14% below median its historical median of 13.45. Over the past decade, Summit Royalties' Altman Z-Score has ranged from 11.64 to 13.91. According to the industry distribution chart, Summit Royalties ranks #107 out of 787 companies in the Metals & Mining industry, placing it in the top 13.6%.
Is Summit Royalties' Altman Z-Score too high?
Summit Royalties' current Altman Z-Score of 11.59 is 14% below median its 10-year median of 13.45. Over the past 10 years, this metric has ranged from a low of 11.64 to a high of 13.91. The Metals & Mining industry median Altman Z-Score is 3.37. Summit Royalties' value of 11.59 is 243.9% above this industry median. Based on the distribution chart, Summit Royalties ranks #107 out of 787 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Summit Royalties has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Summit Royalties' Altman Z-Score compare to HL?
According to the Metals & Mining industry distribution chart, Summit Royalties ranks #107 out of 787 companies for Altman Z-Score. This places Summit Royalties in the top 14% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.37. Summit Royalties' value of 11.59 is 243.9% above this benchmark. Historically, Summit Royalties' own Altman Z-Score has ranged from 11.64 to 13.91 over the past decade. While the company's 10-year median is 13.45 vs. the industry median of 3.37, Summit Royalties 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 Metals & Mining company?
The median Altman Z-Score among Metals & Mining companies is 3.37, based on 787 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. Summit Royalties's current Altman Z-Score of 11.59 is 243.9% 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 Summit Royalties and its competitors. For the Metals & Mining industry, the median Altman Z-Score is 3.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Summit Royalties's current Altman Z-Score is 11.59, which is 14% below median its own 10-year median of 13.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Summit Royalties stock overvalued right now?
Summit Royalties (SUMMF) has a current Altman Z-Score of 11.59. The current Altman Z-Score is 11.59, which is 14% below median its 10-year median of 13.45 and 243.9% above the Metals & Mining industry median of 3.37. Summit Royalties' overall GF Score™ is 19/100 with 1 warning sign 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 Summit Royalties (SUMMF), the current Altman Z-Score is 11.59 as of Jul. 04, 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.
Summit Royalties Ltd is a precious metals royalty and streaming company. Its current portfolio is anchored by cash-flowing production, with additional royalties on development- and exploration-stage properties. The group intends to become the next mid-tier royalty and streaming company by executing actionable, accretive acquisitions that increase production and drive cash flow growth. The company manages its business under a single operating segment, which is the ownership and acquisition of precious metal royalty and mineral streaming interests. Geographically, the company operates in Africa; Canada, which derives maximum revenue; Columbia; and Brazil.
19GF Score
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