Eshbal Functional Food (TSXV:ESBL) Altman Z-Score: 1.20 (As of Jul. 10, 2026) — Near Median


TSXV:ESBL Eshbal Functional Food Inc TSXV:ESBL
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What is Eshbal Functional Food Altman Z-Score?

Eshbal Functional Food TSXV:ESBL 15 Altman Z-Score is 1.20 as of Jul. 10, 2026, which is 9% below its 10-year median of 1.32. GuruFocus rates TSXV:ESBL with a GF Score™ of 15/100. The stock has 4 warning signs investors should review. Among 1,929 Consumer Packaged Goods companies, Eshbal Functional Food ranks worse than 81.75% 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 1.2 is in distress zone. This implies bankruptcy possibility in the next two years.

Eshbal Functional Food has a Altman Z-Score of 1.20, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Eshbal Functional Food's Altman Z-Score or its related term are showing as below:

TSXV:ESBL' s Altman Z-Score Range Over the Past 10 Years
Min: 1.2   Med: 1.32   Max: 1.38
Current: 1.2

During the past 3 years, Eshbal Functional Food's highest Altman Z-Score was 1.38. The lowest was 1.20. And the median was 1.32.


Eshbal Functional Food  (TSXV:ESBL) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Eshbal Functional Food Altman Z-Score Related Terms


Eshbal Functional Food Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Eshbal Functional Food'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.

Eshbal Functional Food Altman Z-Score Chart

Eshbal Functional Food Annual Data
Trend Dec22 Dec23 Dec24
Altman Z-Score
0.00 0.00 0.00

Eshbal Functional Food Quarterly Data
Dec22 Sep23 Dec23 Sep24 Dec24 Mar25 Sep25 Mar26
Altman Z-Score Get a 7-Day Free Trial 0.00 0.00 0.00 1.38 1.26

TSXV:ESBL vs KHC, GIS: Altman Z-Score Comparison

For the Packaged Foods subindustry, Eshbal Functional Food'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.


Eshbal Functional Food Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Eshbal Functional Food's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Eshbal Functional Food's Altman Z-Score falls into.


TSXV:ESBL
15GF Score
Eshbal Functional Food Inc TSXV:ESBL
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Eshbal Functional Food 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.

Eshbal Functional Food'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*0.136+1.4*-0.421+3.3*0.0352+0.6*0.7464+1.0*1.0664
=1.20

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was C$20.03 Mil.
Total Current Assets was C$12.10 Mil.
Total Current Liabilities was C$9.38 Mil.
Retained Earnings was C$-8.43 Mil.
Pre-Tax Income was 0.204 + -0.701 + 0.56 + 0.137 = C$0.20 Mil.
Interest Expense was -0.144 + -0.149 + -0.063 + -0.148 = C$-0.50 Mil.
Revenue was 7.385 + 4.672 + 5.391 + 3.909 = C$21.36 Mil.
Market Cap (Today) was C$10.80 Mil.
Total Liabilities was C$14.47 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(12.102 - 9.379)/20.027
=0.136

X2=Retained Earnings/Total Assets
=-8.432/20.027
=-0.421

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(0.2 - -0.504)/20.027
=0.0352

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=10.803/14.473
=0.7464

X5=Revenue/Total Assets
=21.357/20.027
=1.0664

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Eshbal Functional Food has a Altman Z-Score of 1.20 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 1.20 mean?
Eshbal Functional Food (TSXV:ESBL) has a Altman Z-Score of 1.20 as of Jul. 10, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Eshbal Functional Food and its competitors. This is near median its historical median of 1.32. Over the past decade, Eshbal Functional Food's Altman Z-Score has ranged from 1.20 to 1.38. According to the industry distribution chart, Eshbal Functional Food ranks #1577 out of 1929 companies in the Consumer Packaged Goods industry, placing it in the top 81.8%.
Is Eshbal Functional Food's Altman Z-Score too high?
Eshbal Functional Food's current Altman Z-Score of 1.20 is near median its 10-year median of 1.32. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 1.38. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. Eshbal Functional Food's value of 1.20 is 57.9% below this industry median. Based on the distribution chart, Eshbal Functional Food ranks #1577 out of 1929 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Eshbal Functional Food has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Eshbal Functional Food's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Eshbal Functional Food ranks #1577 out of 1929 companies for Altman Z-Score. This places Eshbal Functional Food in the lower half of its industry. The industry median Altman Z-Score is 2.85. Eshbal Functional Food's value of 1.20 is 57.9% below this benchmark. Historically, Eshbal Functional Food's own Altman Z-Score has ranged from 1.20 to 1.38 over the past decade. While the company's 10-year median is 1.32 vs. the industry median of 2.85, Eshbal Functional Food 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.85, based on 1,929 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. Eshbal Functional Food's current Altman Z-Score of 1.20 is 57.9% 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 Eshbal Functional Food and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eshbal Functional Food's current Altman Z-Score is 1.20, which is near median its own 10-year median of 1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eshbal Functional Food stock overvalued right now?
Eshbal Functional Food (TSXV:ESBL) has a current Altman Z-Score of 1.20. The current Altman Z-Score is 1.20, which is near median its 10-year median of 1.32 and 57.9% below the Consumer Packaged Goods industry median of 2.85. Eshbal Functional Food's overall GF Score™ is 15/100 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 Eshbal Functional Food (TSXV:ESBL), the current Altman Z-Score is 1.20 as of Jul. 10, 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.

Eshbal Functional Food Business Description

Address Kibbutz Ma’anit, Kibbutz Ma’anit, ISR, 3785500
Eshbal Functional Food Inc in developing and manufacturing gluten free baked products in Kibbutz Ma'anit, Israel. It also manufactures sugar-free products, vegan products, syrups, and dry mixes, including sweeteners and a line of low-carb products. Eshbal products can be found in many supermarkets as well as other food retailers, health stores and foodservice throughout Israel and selected countries in North America and Europe. Key revenue is generated from Israel.
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