Grey Wolf Health (TSXV:WOLF) Altman Z-Score: 1.93 (As of Jul. 03, 2026) — 13% Above Median


TSXV:WOLF Grey Wolf Health Corp TSXV:WOLF
57 GF Score
Price C$1.75
GF Value C$1.10
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Grey Wolf Health Altman Z-Score?

Grey Wolf Health TSXV:WOLF 57 Altman Z-Score is 1.93 as of Jul. 03, 2026, which is 13% above its 10-year median of 1.71. GuruFocus rates TSXV:WOLF with a GF Score™ of 57/100 and a GF Value™ of C$1.10 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 95 Personal Services companies, Grey Wolf Health ranks worse than 52.63% 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 1.96 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.

Grey Wolf Health has a Altman Z-Score of 1.93, indicating it is in Grey Zones. This implies that Grey Wolf Health 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 Grey Wolf Health's Altman Z-Score or its related term are showing as below:

TSXV:WOLF' s Altman Z-Score Range Over the Past 10 Years
Min: 1.11   Med: 1.71   Max: 2.66
Current: 1.96

During the past 5 years, Grey Wolf Health's highest Altman Z-Score was 2.66. The lowest was 1.11. And the median was 1.71.


Grey Wolf Health  (TSXV:WOLF) 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.


Grey Wolf Health Altman Z-Score Related Terms


Grey Wolf Health Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Grey Wolf Health'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.

Grey Wolf Health Altman Z-Score Chart

Grey Wolf Health Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
0.00 2.16 1.56 1.11 1.61

Grey Wolf Health Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.12 1.20 1.49 1.61 1.67

TSXV:WOLF vs ROL, SCI, FTDR: Altman Z-Score Comparison

For the Personal Services subindustry, Grey Wolf Health'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.


Grey Wolf Health Altman Z-Score vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Grey Wolf Health's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Grey Wolf Health's Altman Z-Score falls into.


TSXV:WOLF
57GF Score
Grey Wolf Health Corp TSXV:WOLF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Grey Wolf Health 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.

Grey Wolf Health'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*0.16+1.4*-0.096+3.3*0.067+0.6*1.8077+1.0*0.5686
=1.93

* 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$64.36 Mil.
Total Current Assets was C$16.60 Mil.
Total Current Liabilities was C$6.31 Mil.
Retained Earnings was C$-6.18 Mil.
Pre-Tax Income was 0.269 + 0.409 + 0.829 + 1.058 = C$2.57 Mil.
Interest Expense was -0.438 + -0.446 + -0.408 + -0.456 = C$-1.75 Mil.
Revenue was 8.754 + 8.982 + 9.337 + 9.524 = C$36.60 Mil.
Market Cap (Today) was C$60.36 Mil.
Total Liabilities was C$33.39 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
=(16.603 - 6.305)/64.364
=0.16

X2=Retained Earnings/Total Assets
=-6.179/64.364
=-0.096

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(2.565 - -1.748)/64.364
=0.067

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=60.362/33.392
=1.8077

X5=Revenue/Total Assets
=36.597/64.364
=0.5686

The zones of discrimination were as such:

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

Grey Wolf Health has a Altman Z-Score of 1.93 indicating it is in Grey 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 1.93 mean?
Grey Wolf Health (TSXV:WOLF) has a Altman Z-Score of 1.93 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Grey Wolf Health and its competitors. This is 13% above median its historical median of 1.71. Over the past decade, Grey Wolf Health's Altman Z-Score has ranged from 1.11 to 2.66. According to the industry distribution chart, Grey Wolf Health ranks #50 out of 95 companies in the Personal Services industry, placing it in the top 52.6%.
Is Grey Wolf Health's Altman Z-Score too high?
Grey Wolf Health's current Altman Z-Score of 1.93 is 13% above median its 10-year median of 1.71. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 2.66. The Personal Services industry median Altman Z-Score is 2.01. Grey Wolf Health's value of 1.93 is 4% below this industry median. Based on the distribution chart, Grey Wolf Health ranks #50 out of 95 companies in the Personal Services industry, which is below the industry midpoint. Overall, Grey Wolf Health has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grey Wolf Health's Altman Z-Score compare to ROL and SCI?
According to the Personal Services industry distribution chart, Grey Wolf Health ranks #50 out of 95 companies for Altman Z-Score. This places Grey Wolf Health in the lower half of its industry. The industry median Altman Z-Score is 2.01. Grey Wolf Health's value of 1.93 is 4% below this benchmark. Historically, Grey Wolf Health's own Altman Z-Score has ranged from 1.11 to 2.66 over the past decade. While the company's 10-year median is 1.71 vs. the industry median of 2.01, Grey Wolf Health 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 Personal Services company?
The median Altman Z-Score among Personal Services companies is 2.01, based on 95 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. Grey Wolf Health's current Altman Z-Score of 1.93 is 4% 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 Grey Wolf Health and its competitors. For the Personal Services industry, the median Altman Z-Score is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grey Wolf Health's current Altman Z-Score is 1.93, which is 13% above median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grey Wolf Health stock overvalued right now?
Based on GuruFocus' analysis, Grey Wolf Health (TSXV:WOLF) is currently considered Significantly Overvalued. The stock's GF Value™ is C$1.10, compared to a current price of C$1.75 — trading 59.1% above its estimated fair value. The current Altman Z-Score is 1.93, which is 13% above median its 10-year median of 1.71 and 4% below the Personal Services industry median of 2.01. Grey Wolf Health's overall GF Score™ is 57/100 with 5 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 Grey Wolf Health (TSXV:WOLF), the current Altman Z-Score is 1.93 as of Jul. 03, 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 Grey Wolf Health (TSXV:WOLF) Overvalued in 2026?

Based on GuruFocus' analysis, Grey Wolf Health stock appears to be overvalued. The current stock price of C$1.75 is trading 59.1% above its estimated GF Value™ of C$1.10. GuruFocus considers Grey Wolf Health to be Significantly Overvalued.

Key valuation signals for TSXV:WOLF:

  • Altman Z-Score: 1.93 (13% above median its 10-year median of 1.71)
  • GF Value™: C$1.10 vs. price of C$1.75 (59.1% above fair value)
  • GF Score™: 57/100 with 5 warning signs
  • Industry Position: 4% below the Personal Services median (#50 of 95)

No single metric tells the full story. See the TSXV:WOLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Grey Wolf Health Business Description

Address 100 King Street West, Suite 6000, 1 First Canadian Place, Toronto, ON, CAN, M5X 1E2
Grey Wolf Animal Health Corp focuses on sourcing, in-licensing, acquiring, and compounding branded and generic products for sale in both animal and human health markets in Canada. The Company operates through two reportable segments: the Animal Health segment, which involves the sale, marketing, and distribution of pharmaceutical, nutraceutical, and consumable products to veterinary clinics across Canada; and the Pharmacy segment, which generates the majority of revenue and focuses on compounding pharmaceuticals for both human and animal health markets.
57GF Score

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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$1.75
Price
C$1.10
GF Value