VTXGF (Vertex Resource Group) Altman Z-Score: 0.78 (As of Jul. 01, 2026) — 27% Below Median


VTXGF Vertex Resource Group Ltd VTXGF
22 GF Score
Price $0.13
GF Value $0.20
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Vertex Resource Group Altman Z-Score?

Vertex Resource Group VTXGF 22 Altman Z-Score is 0.78 as of Jul. 01, 2026, which is 27% below its 10-year median of 1.07. GuruFocus rates VTXGF with a GF Score™ of 22/100 and a GF Value™ of $0.20 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 238 Waste Management companies, Vertex Resource Group ranks worse than 79.83% 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 0.78 is in distress zone. This implies bankruptcy possibility in the next two years.

Vertex Resource Group has a Altman Z-Score of 0.78, 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 Vertex Resource Group's Altman Z-Score or its related term are showing as below:

VTXGF' s Altman Z-Score Range Over the Past 10 Years
Min: -0.41   Med: 1.07   Max: 507.03
Current: 0.78

During the past 12 years, Vertex Resource Group's highest Altman Z-Score was 507.03. The lowest was -0.41. And the median was 1.07.


Vertex Resource Group  (OTCPK:VTXGF) 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.


Vertex Resource Group Altman Z-Score Related Terms


Vertex Resource Group Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Vertex Resource Group'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.

Vertex Resource Group Altman Z-Score Chart

Vertex Resource Group 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 1.05 1.18 1.22 1.06 0.79

Vertex Resource Group Quarterly Data
Jun21 Sep21 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 Premium Member Only Premium Member Only 1.07 0.94 0.49 0.79 0.80

VTXGF vs WM, RSG, WCN: Altman Z-Score Comparison

For the Waste Management subindustry, Vertex Resource Group'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.


Vertex Resource Group Altman Z-Score vs Waste Management Industry

For the Waste Management industry and Industrials sector, Vertex Resource Group's Altman Z-Score distribution charts can be found below:

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


VTXGF
22GF Score
Vertex Resource Group Ltd VTXGF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Vertex Resource Group 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.

Vertex Resource Group'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*0.0029+1.4*-0.2643+3.3*-0.0325+0.6*0.1195+1.0*1.1774
=0.78

* 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 $141.7 Mil.
Total Current Assets was $45.9 Mil.
Total Current Liabilities was $45.5 Mil.
Retained Earnings was $-37.5 Mil.
Pre-Tax Income was -1.38 + -4.362 + -1.081 + -3.104 = $-9.9 Mil.
Interest Expense was -1.29 + -1.385 + -1.279 + -1.372 = $-5.3 Mil.
Revenue was 41.649 + 49.11 + 36.461 + 39.625 = $166.8 Mil.
Market Cap (Today) was $13.0 Mil.
Total Liabilities was $109.0 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
=(45.874 - 45.468)/141.707
=0.0029

X2=Retained Earnings/Total Assets
=-37.455/141.707
=-0.2643

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-9.927 - -5.326)/141.707
=-0.0325

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=13.020/108.983
=0.1195

X5=Revenue/Total Assets
=166.845/141.707
=1.1774

The zones of discrimination were as such:

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

Vertex Resource Group has a Altman Z-Score of 0.78 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 0.78 mean?
Vertex Resource Group (VTXGF) has a Altman Z-Score of 0.78 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Vertex Resource Group and its competitors. This is 27% below median its historical median of 1.07. According to the industry distribution chart, Vertex Resource Group ranks #190 out of 238 companies in the Waste Management industry, placing it in the top 79.8%.
Is Vertex Resource Group's Altman Z-Score too high?
Vertex Resource Group's current Altman Z-Score of 0.78 is 27% below median its 10-year median of 1.07. The Waste Management industry median Altman Z-Score is 2.00. Vertex Resource Group's value of 0.78 is 61% below this industry median. Based on the distribution chart, Vertex Resource Group ranks #190 out of 238 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Vertex Resource Group has a GF Score™ of 22/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vertex Resource Group's Altman Z-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Vertex Resource Group ranks #190 out of 238 companies for Altman Z-Score. This places Vertex Resource Group in the lower half of its industry. The industry median Altman Z-Score is 2.00. Vertex Resource Group's value of 0.78 is 61% below this benchmark. While the company's 10-year median is 1.07 vs. the industry median of 2.00, Vertex Resource Group 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 Waste Management company?
The median Altman Z-Score among Waste Management companies is 2.00, based on 238 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. Vertex Resource Group's current Altman Z-Score of 0.78 is 61% 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 Vertex Resource Group and its competitors. For the Waste Management industry, the median Altman Z-Score is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vertex Resource Group's current Altman Z-Score is 0.78, which is 27% below median its own 10-year median of 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vertex Resource Group stock overvalued right now?
Based on GuruFocus' analysis, Vertex Resource Group (VTXGF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.20, compared to a current price of $0.13 — trading 35% below its estimated fair value. The current Altman Z-Score is 0.78, which is 27% below median its 10-year median of 1.07 and 61% below the Waste Management industry median of 2.00. Vertex Resource Group's overall GF Score™ is 22/100 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 Vertex Resource Group (VTXGF), the current Altman Z-Score is 0.78 as of Jul. 01, 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 Vertex Resource Group (VTXGF) Overvalued in 2026?

Based on GuruFocus' analysis, Vertex Resource Group stock appears to be undervalued. The current stock price of $0.13 is trading 35% below its estimated GF Value™ of $0.20. GuruFocus considers Vertex Resource Group to be Modestly Undervalued.

Key valuation signals for VTXGF:

  • Altman Z-Score: 0.78 (27% below median its 10-year median of 1.07)
  • GF Value™: $0.20 vs. price of $0.13 (35% below fair value)
  • GF Score™: 22/100 with 5 warning signs
  • Industry Position: 61% below the Waste Management median (#190 of 238)

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


Vertex Resource Group Business Description

Other Exchanges VTX:Canada
Address 161, 2055 Premier Way, Sherwood Park, AB, CAN, T8H 0G2
Vertex Resource Group Ltd provides environmental consulting and support services to a diverse clientele across Canada and in select locations in the United States. It has two reportable segments: Environmental Consulting and Environmental Services. The majority of the company's revenue is generated from the Environmental Services segment, which consists of a variety of services related to transportation; removal, storage and disposal of materials; and maintenance of facilities, in an environmentally safe manner. Services offered in this segment include fluid management and logistics, waste and recycling, industrial cleaning and maintenance, hydro-excavating, and site services for various industries, including energy, telecommunications, public sector, utilities, mining, and agriculture.
22GF Score

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

$0.13
Price
$0.20
GF Value