Virco ManufacturingVIRC -2.10%63 Altman Z-Score is 2.30 as of Jun. 26, 2026, which is 19% above its 10-year median of 1.93. GuruFocus rates VIRC with a GF Score™ of 63/100 and a GF Value™ of $6.56 (Fairly Valued). The stock has 3 warning signs investors should review. Among 429 Furnishings, Fixtures & Appliances companies, Virco Manufacturing ranks worse than 62% 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 2.32 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.
Virco Manufacturing has a Altman Z-Score of 2.30, indicating it is in Grey Zones. This implies that Virco Manufacturing 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 Virco Manufacturing's Altman Z-Score or its related term are showing as below:
VIRC'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.04 Med: 1.93 Max: 4.82
Current: 2.32
During the past 13 years, Virco Manufacturing's highest Altman Z-Score was 4.82. The lowest was 1.04. And the median was 1.93.
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.
Virco Manufacturing Altman Z-Score Related Terms
Virco Manufacturing Altman Z-Score Historical Data
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The historical data trend for Virco Manufacturing'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.
VIRC vs KEQU, VIOT, HOFT: Altman Z-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, Virco Manufacturing'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.
Virco Manufacturing Altman Z-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Virco Manufacturing's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Virco Manufacturing'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.
Virco Manufacturing'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
*
0.3676
+
1.4
*
-0.0629
+
3.3
*
-0.0051
+
0.6
*
1.4057
+
1.0
*
1.1203
=
2.30
* 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.
Virco Manufacturing (VIRC) has a Altman Z-Score of 2.30 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Virco Manufacturing and its competitors. This is 19% above median its historical median of 1.93. Over the past decade, Virco Manufacturing's Altman Z-Score has ranged from 1.04 to 4.82. According to the industry distribution chart, Virco Manufacturing ranks #266 out of 429 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 62%.
Is Virco Manufacturing's Altman Z-Score too high?
Virco Manufacturing's current Altman Z-Score of 2.30 is 19% above median its 10-year median of 1.93. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 4.82. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.81. Virco Manufacturing's value of 2.30 is 18.1% below this industry median. Based on the distribution chart, Virco Manufacturing ranks #266 out of 429 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Virco Manufacturing has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Virco Manufacturing's Altman Z-Score compare to KEQU and VIOT?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Virco Manufacturing ranks #266 out of 429 companies for Altman Z-Score. This places Virco Manufacturing in the lower half of its industry. The industry median Altman Z-Score is 2.81. Virco Manufacturing's value of 2.30 is 18.1% below this benchmark. Historically, Virco Manufacturing's own Altman Z-Score has ranged from 1.04 to 4.82 over the past decade. While the company's 10-year median is 1.93 vs. the industry median of 2.81, Virco Manufacturing 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 Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.81, based on 429 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. Virco Manufacturing's current Altman Z-Score of 2.30 is 18.1% 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 Virco Manufacturing and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Virco Manufacturing's current Altman Z-Score is 2.30, which is 19% above median its own 10-year median of 1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Virco Manufacturing stock overvalued right now?
Based on GuruFocus' analysis, Virco Manufacturing (VIRC) is currently considered Fairly Valued. The stock's GF Value™ is $6.56, compared to a current price of $6.53 — trading 0.5% below its estimated fair value. The current Altman Z-Score is 2.30, which is 19% above median its 10-year median of 1.93 and 18.1% below the Furnishings, Fixtures & Appliances industry median of 2.81. Virco Manufacturing's overall GF Score™ is 63/100 with 3 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 Virco Manufacturing (VIRC), the current Altman Z-Score is 2.30 as of Jun. 26, 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 Virco Manufacturing (VIRC) Overvalued in 2026?
Based on GuruFocus' analysis, Virco Manufacturing stock appears to be undervalued.
The current stock price of $6.53 is trading 0.5% below its estimated GF Value™ of $6.56.
GuruFocus considers Virco Manufacturing to be Fairly Valued.
Key valuation signals for VIRC:
Altman Z-Score: 2.30 (19% above median its 10-year median of 1.93)
GF Value™: $6.56 vs. price of $6.53 (0.5% below fair value)
Industry Position: 18.1% below the Furnishings, Fixtures & Appliances median (#266 of 429)
No single metric tells the full story. See the VIRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Virco Manufacturing Corp is engaged in designing, production and distributing quality furniture for the commercial and education markets. The company manufactures an assortment of products, including mobile tables, mobile storage equipment, desks, computer furniture, chairs, activity tables, folding chairs, and folding tables. Its primary furniture lines are constructed of tubular metal legs and frames, combined with wood and plastic tops, plastic seats and backs, upholstered seats and backs, and upholstered rigid polyethylene and polypropylene shells.
63GF Score
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