Vinci (VCISY) Altman Z-Score: 1.20 (As of Jun. 25, 2026) — Near Median


VCISY Vinci SA VCISY
80 GF Score
Price $36.68
GF Value $35.70
Valuation Fairly Valued
! 8 Warning Signs
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What is Vinci Altman Z-Score?

Vinci VCISY -0.05% 80 Altman Z-Score is 1.20 as of Jun. 25, 2026, which is 3% above its 10-year median of 1.17. GuruFocus rates VCISY with a GF Score™ of 80/100 and a GF Value™ of $35.70 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,758 Construction companies, Vinci ranks worse than 77.13% 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 1.21 is in distress zone. This implies bankruptcy possibility in the next two years.

Vinci 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 Vinci's Altman Z-Score or its related term are showing as below:

VCISY' s Altman Z-Score Range Over the Past 10 Years
Min: 0.98   Med: 1.17   Max: 1.35
Current: 1.21

During the past 13 years, Vinci's highest Altman Z-Score was 1.35. The lowest was 0.98. And the median was 1.17.


Vinci  (OTCPK:VCISY) 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.


Vinci Altman Z-Score Related Terms


Vinci Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Vinci'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.

Vinci Altman Z-Score Chart

Vinci Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.02 1.13 1.28 1.12 1.18

Vinci Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 Premium Member Only Premium Member Only 1.28 0.00 1.12 0.00 1.18

VCISY vs PWR, FIX, EME: Altman Z-Score Comparison

For the Engineering & Construction subindustry, Vinci'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.


Vinci Altman Z-Score vs Construction Industry

For the Construction industry and Industrials sector, Vinci's Altman Z-Score distribution charts can be found below:

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


VCISY
80GF Score
Vinci SA VCISY
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Vinci 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.

Vinci'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*-0.0642+1.4*0.0368+3.3*0.071+0.6*0.7022+1.0*0.5689
=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 Dec. 2025:
Total Assets was $155,814 Mil.
Total Current Assets was $58,026 Mil.
Total Current Liabilities was $68,029 Mil.
Retained Earnings was $5,741 Mil.
Pre-Tax Income was $9,293 Mil.
Interest Expense was $-1,768 Mil.
Revenue was $88,644 Mil.
Market Cap (Today) was $81,181 Mil.
Total Liabilities was $115,617 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
=(58025.761 - 68029.274)/155813.817
=-0.0642

X2=Retained Earnings/Total Assets
=5741.218/155813.817
=0.0368

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(9292.74 - -1768.15)/155813.817
=0.071

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=81180.910/115617.096
=0.7022

X5=Revenue/Total Assets
=88644.028/155813.817
=0.5689

The zones of discrimination were as such:

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

Vinci 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?
Vinci (VCISY) has a Altman Z-Score of 1.20 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Vinci and its competitors. This is near median its historical median of 1.17. Over the past decade, Vinci's Altman Z-Score has ranged from 0.98 to 1.35. According to the industry distribution chart, Vinci ranks #1356 out of 1758 companies in the Construction industry, placing it in the top 77.1%.
Is Vinci's Altman Z-Score too high?
Vinci's current Altman Z-Score of 1.20 is near median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 1.35. The Construction industry median Altman Z-Score is 2.35. Vinci's value of 1.20 is 48.8% below this industry median. Based on the distribution chart, Vinci ranks #1356 out of 1758 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Vinci has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vinci's Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Vinci ranks #1356 out of 1758 companies for Altman Z-Score. This places Vinci in the lower half of its industry. The industry median Altman Z-Score is 2.35. Vinci's value of 1.20 is 48.8% below this benchmark. Historically, Vinci's own Altman Z-Score has ranged from 0.98 to 1.35 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 2.35, Vinci 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 Construction company?
The median Altman Z-Score among Construction companies is 2.35, based on 1,758 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. Vinci's current Altman Z-Score of 1.20 is 48.8% 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 Vinci and its competitors. For the Construction industry, the median Altman Z-Score is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vinci's current Altman Z-Score is 1.20, which is near median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vinci stock overvalued right now?
Based on GuruFocus' analysis, Vinci (VCISY) is currently considered Fairly Valued. The stock's GF Value™ is $35.70, compared to a current price of $36.68 — trading 2.7% above its estimated fair value. The current Altman Z-Score is 1.20, which is near median its 10-year median of 1.17 and 48.8% below the Construction industry median of 2.35. Vinci's overall GF Score™ is 80/100 with 8 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 Vinci (VCISY), the current Altman Z-Score is 1.20 as of Jun. 25, 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 Vinci (VCISY) Overvalued in 2026?

Based on GuruFocus' analysis, Vinci stock appears to be overvalued. The current stock price of $36.68 is trading 2.7% above its estimated GF Value™ of $35.70. GuruFocus considers Vinci to be Fairly Valued.

Key valuation signals for VCISY:

  • Altman Z-Score: 1.20 (near median its 10-year median of 1.17)
  • GF Value™: $35.70 vs. price of $36.68 (2.7% above fair value)
  • GF Score™: 80/100 with 8 warning signs
  • Industry Position: 48.8% below the Construction median (#1356 of 1758)

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


Vinci Business Description

Address 1973, Boulevard de la Defense, Nanterre, Paris, FRA, 92000
Vinci is one of the world's largest owners of transport infrastructure. Its concession assets include 4,400 kilometers of toll roads in France and 72 airports across 14 countries, making Vinci the world's largest airport operator in terms of managed passenger numbers. The concession's business contributes less than one fifth of group revenue but the majority of operating profit. Vinci's contracting business provides a broad variety of energy and and construction services. France contributes 41% of group revenue.
80GF Score

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

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