AirBoss of AmericaTSX:BOS -2.02%62 Altman Z-Score is 2.39 as of Jun. 27, 2026, which is 25% below its 10-year median of 3.20. GuruFocus rates TSX:BOS with a GF Score™ of 62/100 and a GF Value™ of C$4.77 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,572 Chemicals companies, AirBoss of America ranks worse than 63.55% 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.
Warning Sign:
Altman Z-score of 2.39 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
AirBoss of America has a Altman Z-Score of 2.39, indicating it is in Grey Zones. This implies that AirBoss of America is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 AirBoss of America's Altman Z-Score or its related term are showing as below:
TSX:BOS'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.6 Med: 3.2 Max: 5.92
Current: 2.39
During the past 13 years, AirBoss of America's highest Altman Z-Score was 5.92. The lowest was 1.60. And the median was 3.20.
AirBoss of America (TSX:BOS) 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.
AirBoss of America Altman Z-Score Related Terms
AirBoss of America Altman Z-Score Historical Data
* Premium members only.
The historical data trend for AirBoss of America'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.
TSX:BOS vs LIN, SHW, ECL: Altman Z-Score Comparison
For the Specialty Chemicals subindustry, AirBoss of America'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.
AirBoss of America Altman Z-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, AirBoss of America's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where AirBoss of America'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.
AirBoss of America'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
*
0.1942
+
1.4
*
0.0773
+
3.3
*
0.0232
+
0.6
*
0.8285
+
1.0
*
1.4731
=
2.39
* 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.
AirBoss of America (TSX:BOS) has a Altman Z-Score of 2.39 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on AirBoss of America and its competitors. This is 25% below median its historical median of 3.20. Over the past decade, AirBoss of America's Altman Z-Score has ranged from 1.60 to 5.92. According to the industry distribution chart, AirBoss of America ranks #999 out of 1572 companies in the Chemicals industry, placing it in the top 63.5%.
Is AirBoss of America's Altman Z-Score too high?
AirBoss of America's current Altman Z-Score of 2.39 is 25% below median its 10-year median of 3.20. Over the past 10 years, this metric has ranged from a low of 1.60 to a high of 5.92. The Chemicals industry median Altman Z-Score is 3.18. AirBoss of America's value of 2.39 is 24.7% below this industry median. Based on the distribution chart, AirBoss of America ranks #999 out of 1572 companies in the Chemicals industry, which is below the industry midpoint. Overall, AirBoss of America has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AirBoss of America's Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, AirBoss of America ranks #999 out of 1572 companies for Altman Z-Score. This places AirBoss of America in the lower half of its industry. The industry median Altman Z-Score is 3.18. AirBoss of America's value of 2.39 is 24.7% below this benchmark. Historically, AirBoss of America's own Altman Z-Score has ranged from 1.60 to 5.92 over the past decade. While the company's 10-year median is 3.20 vs. the industry median of 3.18, AirBoss of America has consistently been below 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.18, based on 1,572 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. AirBoss of America's current Altman Z-Score of 2.39 is 24.7% below 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 AirBoss of America and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AirBoss of America's current Altman Z-Score is 2.39, which is 25% below median its own 10-year median of 3.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AirBoss of America stock overvalued right now?
Based on GuruFocus' analysis, AirBoss of America (TSX:BOS) is currently considered Significantly Overvalued. The stock's GF Value™ is C$4.77, compared to a current price of C$6.79 — trading 42.3% above its estimated fair value. The current Altman Z-Score is 2.39, which is 25% below median its 10-year median of 3.20 and 24.7% below the Chemicals industry median of 3.18. AirBoss of America's overall GF Score™ is 62/100 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 AirBoss of America (TSX:BOS), the current Altman Z-Score is 2.39 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 AirBoss of America (TSX:BOS) Overvalued in 2026?
Based on GuruFocus' analysis, AirBoss of America stock appears to be overvalued.
The current stock price of C$6.79 is trading 42.3% above its estimated GF Value™ of C$4.77.
GuruFocus considers AirBoss of America to be Significantly Overvalued.
Key valuation signals for TSX:BOS:
Altman Z-Score: 2.39 (25% below median its 10-year median of 3.20)
GF Value™: C$4.77 vs. price of C$6.79 (42.3% above fair value)
Industry Position: 24.7% below the Chemicals median (#999 of 1572)
No single metric tells the full story. See the TSX:BOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AirBoss of America Corp is a Canada-based manufacturer of rubber-based products for the resource, military, automotive, and industrial markets. It operates in two main segments: The AirBoss Rubber Solutions includes the manufacturing and distribution of rubber compounds and distribution of rubber compounding-related chemicals; The AirBoss Manufactured Products include the manufacture and distribution of anti-noise, vibration, and harshness dampening parts and personal protection and safety products, for CBRN-E threats. The company operates manufacturing facilities and sales offices in the United States and Canada, selling in North American markets. It generates the majority of its revenue from the United States.
62GF Score
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