The Swatch Group AGSWGAF 71 Altman Z-Score is 6.44 as of Jun. 26, 2026, which is 6% below its 10-year median of 6.83. GuruFocus rates SWGAF with a GF Score™ of 71/100 and a GF Value™ of $171.66 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 1,117 Retail - Cyclical companies, The Swatch Group AG ranks better than 85.94% 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 6.67 is strong.
The Swatch Group AG has a Altman Z-Score of 6.44, 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 The Swatch Group AG's Altman Z-Score or its related term are showing as below:
SWGAF'
s Altman Z-Score Range Over the Past 10 Years
Min: 5.75 Med: 6.83 Max: 8.79
Current: 6.67
During the past 13 years, The Swatch Group AG's highest Altman Z-Score was 8.79. The lowest was 5.75. And the median was 6.83.
The Swatch Group AG (OTCPK:SWGAF) 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.
The Swatch Group AG Altman Z-Score Related Terms
The Swatch Group AG Altman Z-Score Historical Data
* Premium members only.
The historical data trend for The Swatch Group AG'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 Luxury Goods subindustry, The Swatch Group AG'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.
The Swatch Group AG Altman Z-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, The Swatch Group AG's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where The Swatch Group AG'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.
The Swatch Group AG'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
*
0.644
+
1.4
*
1.1246
+
3.3
*
0.0121
+
0.6
*
5.9776
+
1.0
*
0.4695
=
6.44
* 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.
The Swatch Group AG (SWGAF) has a Altman Z-Score of 6.44 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on The Swatch Group AG and its competitors. This is near median its historical median of 6.83. Over the past decade, The Swatch Group AG's Altman Z-Score has ranged from 5.75 to 8.79. According to the industry distribution chart, The Swatch Group AG ranks #157 out of 1117 companies in the Retail - Cyclical industry, placing it in the top 14.1%.
Is The Swatch Group AG's Altman Z-Score too high?
The Swatch Group AG's current Altman Z-Score of 6.44 is near median its 10-year median of 6.83. Over the past 10 years, this metric has ranged from a low of 5.75 to a high of 8.79. The Retail - Cyclical industry median Altman Z-Score is 2.73. The Swatch Group AG's value of 6.44 is 135.9% above this industry median. Based on the distribution chart, The Swatch Group AG ranks #157 out of 1117 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, The Swatch Group AG has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Swatch Group AG's Altman Z-Score compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, The Swatch Group AG ranks #157 out of 1117 companies for Altman Z-Score. This places The Swatch Group AG in the top 14% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.73. The Swatch Group AG's value of 6.44 is 135.9% above this benchmark. Historically, The Swatch Group AG's own Altman Z-Score has ranged from 5.75 to 8.79 over the past decade. While the company's 10-year median is 6.83 vs. the industry median of 2.73, The Swatch Group AG 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 Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.73, based on 1,117 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. The Swatch Group AG's current Altman Z-Score of 6.44 is 135.9% 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 The Swatch Group AG and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Swatch Group AG's current Altman Z-Score is 6.44, which is near median its own 10-year median of 6.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Swatch Group AG stock overvalued right now?
Based on GuruFocus' analysis, The Swatch Group AG (SWGAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $171.66, compared to a current price of $257.43 — trading 50% above its estimated fair value. The current Altman Z-Score is 6.44, which is near median its 10-year median of 6.83 and 135.9% above the Retail - Cyclical industry median of 2.73. The Swatch Group AG's overall GF Score™ is 71/100 with 10 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 The Swatch Group AG (SWGAF), the current Altman Z-Score is 6.44 as of Jun. 26, 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 The Swatch Group AG (SWGAF) Overvalued in 2026?
Based on GuruFocus' analysis, The Swatch Group AG stock appears to be overvalued.
The current stock price of $257.43 is trading 50% above its estimated GF Value™ of $171.66.
GuruFocus considers The Swatch Group AG to be Significantly Overvalued.
Key valuation signals for SWGAF:
Altman Z-Score: 6.44 (near median its 10-year median of 6.83)
GF Value™: $171.66 vs. price of $257.43 (50% above fair value)
Industry Position: 135.9% above the Retail - Cyclical median (#157 of 1117)
No single metric tells the full story. See the SWGAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Swatch Group's biggest brands are Omega (number two or three in its category), Breguet, Tissot (the leader in midrange Swiss watches), and Swatch. The company employs over 32,000 people, half of them in Switzerland. We estimate Omega and Longines to be the group's most profitable brands.
71GF Score
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