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Rex ConceptsWAR:REX -3.70%7 Altman Z-Score is 1.27 as of Jul. 26, 2026. GuruFocus rates WAR:REX with a GF Score™ of 7/100. The stock has 1 warning sign investors should review. Among 360 Restaurants companies, Rex Concepts ranks worse than 72.5% 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 1.27 is in distress zone. This implies bankruptcy possibility in the next two years.
Rex Concepts has a Altman Z-Score of 1.27, 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 Rex Concepts's Altman Z-Score or its related term are showing as below:
WAR:REX'
s Altman Z-Score Range Over the Past 10 Years
Min: 0 Med: 0 Max: 1.27
Current: 1.27
During the past 3 years, Rex Concepts's highest Altman Z-Score was 1.27. The lowest was 0.00. And the median was 0.00.
Rex Concepts (WAR:REX) 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.
Altman Z-Score does not apply to financial companies.
Rex Concepts Altman Z-Score Related Terms
Rex Concepts Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Rex Concepts'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.
Rex Concepts Altman Z-Score Chart
Rex Concepts Annual Data
Trend
Dec23
Dec24
Dec25
Altman Z-Score
0.00
0.00
0.00
Rex Concepts Semi-Annual Data
Dec23
Dec24
Dec25
Altman Z-Score
0.00
0.00
0.00
WAR:REX vs MCD, SBUX, YUM: Altman Z-Score Comparison
For the Restaurants subindustry, Rex Concepts'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.
Rex Concepts Altman Z-Score vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Rex Concepts's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Rex Concepts'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.
Rex Concepts'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
*
0.0106
+
1.4
*
-0.1526
+
3.3
*
-0.0312
+
0.6
*
1.7479
+
1.0
*
0.5275
=
1.27
* 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.
Rex Concepts (WAR:REX) has a Altman Z-Score of 1.27 as of Jul. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Rex Concepts and its competitors. According to the industry distribution chart, Rex Concepts ranks #261 out of 360 companies in the Restaurants industry, placing it in the top 72.5%.
Is Rex Concepts' Altman Z-Score too high?
Rex Concepts' current Altman Z-Score is 1.27. The Restaurants industry median Altman Z-Score is 2.23. Rex Concepts' value of 1.27 is 43% below this industry median. Based on the distribution chart, Rex Concepts ranks #261 out of 360 companies in the Restaurants industry, which is below the industry midpoint. Overall, Rex Concepts has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Rex Concepts' Altman Z-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Rex Concepts ranks #261 out of 360 companies for Altman Z-Score. This places Rex Concepts in the lower half of its industry. The industry median Altman Z-Score is 2.23. Rex Concepts' value of 1.27 is 43% below this benchmark. 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 Restaurants company?
The median Altman Z-Score among Restaurants companies is 2.23, based on 360 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. Rex Concepts's current Altman Z-Score of 1.27 is 43% 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 Rex Concepts and its competitors. For the Restaurants industry, the median Altman Z-Score is 2.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rex Concepts's current Altman Z-Score is 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rex Concepts stock overvalued right now?
Rex Concepts (WAR:REX) has a current Altman Z-Score of 1.27. The current Altman Z-Score is 1.27 and 43% below the Restaurants industry median of 2.23. Rex Concepts' overall GF Score™ is 7/100 with 1 warning sign 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 Rex Concepts (WAR:REX), the current Altman Z-Score is 1.27 as of Jul. 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.
Rex Concepts SA operates a chain of quick service restaurants (QSRs) in Central and Eastern Europe. The Group is the master franchisee of the Burger King and Popeyes brands in Poland, the Czech Republic, and Romania. It operates approximately 94 Burger King restaurants and 165 Popeyes restaurants in Poland, the Czech Republic, and Romania. In addition to operating its own restaurants, the Group's operations also include granting franchises to operate Burger King restaurants to third parties (sub franchisees) based on the Group's rights as master franchisee in Poland, the Czech Republic, and Romania.
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