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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.
Global Dividend Growth Split has a Altman Z-Score of 2.00, indicating it is in Grey Zones. This implies that Global Dividend Growth Split 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 Global Dividend Growth Split's Altman Z-Score or its related term are showing as below:
Global Dividend Growth Split (TSX:GDV) 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.
* 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:GDV vs BLK, BX, KKR: Altman Z-Score Comparison
For the Asset Management subindustry, Global Dividend Growth Split'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.
Global Dividend Growth Split Altman Z-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Global Dividend Growth Split's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Global Dividend Growth Split's Altman Z-Score falls into.
Global Dividend Growth Split Altman Z-Score Calculation
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.
* 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.
Global Dividend Growth Split (TSX:GDV) has a Altman Z-Score of 2.00 as of Sep. 22, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Global Dividend Growth Split and its competitors. According to the industry distribution chart, Global Dividend Growth Split ranks #999999 out of 642 companies in the Asset Management industry.
Is Global Dividend Growth Split's Altman Z-Score too high?
Global Dividend Growth Split's current Altman Z-Score is 2.00. The Asset Management industry median Altman Z-Score is 3.56. Global Dividend Growth Split's value of 2.00 is 43.7% below this industry median. Based on the distribution chart, Global Dividend Growth Split ranks #999999 out of 642 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Global Dividend Growth Split has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Global Dividend Growth Split's Altman Z-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Global Dividend Growth Split ranks #999999 out of 642 companies for Altman Z-Score. This places Global Dividend Growth Split in the lower half of its industry. The industry median Altman Z-Score is 3.56. Global Dividend Growth Split's value of 2.00 is 43.7% below this benchmark. 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 Asset Management company?
The median Altman Z-Score among Asset Management companies is 3.56, based on 642 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. Global Dividend Growth Split's current Altman Z-Score of 2.00 is 43.7% 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 Global Dividend Growth Split and its competitors. For the Asset Management industry, the median Altman Z-Score is 3.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Dividend Growth Split's current Altman Z-Score is 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Dividend Growth Split stock overvalued right now?
Based on GuruFocus' analysis, Global Dividend Growth Split (TSX:GDV) is currently considered Modestly Undervalued. The stock's GF Value™ is C$13.25, compared to a current price of C$11.10 — trading 16.2% below its estimated fair value. The current Altman Z-Score is 2.00 and 43.7% below the Asset Management industry median of 3.56. Global Dividend Growth Split's overall GF Score™ is 60/100 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 Global Dividend Growth Split (TSX:GDV), the current Altman Z-Score is 2.00 as of Sep. 22, 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 Global Dividend Growth Split (TSX:GDV) Overvalued in 2026?
Based on GuruFocus' analysis, Global Dividend Growth Split stock appears to be undervalued.
The current stock price of C$11.10 is trading 16.2% below its estimated GF Value™ of C$13.25.
GuruFocus considers Global Dividend Growth Split to be Modestly Undervalued.
Key valuation signals for TSX:GDV:
Altman Z-Score: 2.00
GF Value™: C$13.25 vs. price of C$11.10 (16.2% below fair value)
Industry Position: 43.7% below the Asset Management median (#999999 of 642)
No single metric tells the full story. See the TSX:GDV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Dividend Growth Split Corp is a mutual fund corporation established to provide holders of Preferred Shares with fixed, cumulative, preferential quarterly cash distributions and the return of the original issue price of the Preferred Shares at maturity. It also provides holders of Class A Shares with monthly non-cumulative cash distributions and the opportunity for growth in Net Asset Value per Class A Share through exposure to the portfolio. Its portfolio is invested across Asia, Europe, and North America, including Japan, France, Great Britain, Italy, Spain, Canada, and the United States, with exposure to Industrials, Consumer Staples, Financials, Healthcare, Utilities, Materials, Consumer Discretionary, Energy, Information Technology, Communication Services, and Real Estate.
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