Western Bulk Chartering ASWSSTF +33.33%55 Altman Z-Score is 11.01 as of Jun. 25, 2026, which is 1% above its 10-year median of 10.85. GuruFocus rates WSSTF with a GF Score™ of 55/100 and a GF Value™ of $1.62 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,000 Transportation companies, Western Bulk Chartering AS ranks better than 95.7% 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.
Good Sign:
Altman Z-score of 10.99 is strong.
Western Bulk Chartering AS has a Altman Z-Score of 11.01, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
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 Western Bulk Chartering AS's Altman Z-Score or its related term are showing as below:
WSSTF'
s Altman Z-Score Range Over the Past 10 Years
Min: 10 Med: 10.85 Max: 13.1
Current: 10.99
During the past 8 years, Western Bulk Chartering AS's highest Altman Z-Score was 13.10. The lowest was 10.00. And the median was 10.85.
Western Bulk Chartering AS (OTCPK:WSSTF) 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.
* 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.
Western Bulk Chartering AS Altman Z-Score Competitor Comparison
For the Marine Shipping subindustry, Western Bulk Chartering AS'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.
Western Bulk Chartering AS Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Western Bulk Chartering AS's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Western Bulk Chartering AS's Altman Z-Score falls into.
Western Bulk Chartering AS 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.
* 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.
Western Bulk Chartering AS (WSSTF) has a Altman Z-Score of 11.01 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Western Bulk Chartering AS and its competitors. This is near median its historical median of 10.85. Over the past decade, Western Bulk Chartering AS's Altman Z-Score has ranged from 10.00 to 13.10. According to the industry distribution chart, Western Bulk Chartering AS ranks #43 out of 1000 companies in the Transportation industry, placing it in the top 4.3%.
Is Western Bulk Chartering AS's Altman Z-Score too high?
Western Bulk Chartering AS's current Altman Z-Score of 11.01 is near median its 10-year median of 10.85. Over the past 10 years, this metric has ranged from a low of 10.00 to a high of 13.10. The Transportation industry median Altman Z-Score is 2.28. Western Bulk Chartering AS's value of 11.01 is 382.9% above this industry median. Based on the distribution chart, Western Bulk Chartering AS ranks #43 out of 1000 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Western Bulk Chartering AS has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Western Bulk Chartering AS's Altman Z-Score compare to competitors?
According to the Transportation industry distribution chart, Western Bulk Chartering AS ranks #43 out of 1000 companies for Altman Z-Score. This places Western Bulk Chartering AS in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.28. Western Bulk Chartering AS's value of 11.01 is 382.9% above this benchmark. Historically, Western Bulk Chartering AS's own Altman Z-Score has ranged from 10.00 to 13.10 over the past decade. While the company's 10-year median is 10.85 vs. the industry median of 2.28, Western Bulk Chartering AS has consistently been above 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.28, based on 1,000 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. Western Bulk Chartering AS's current Altman Z-Score of 11.01 is 382.9% above 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 Western Bulk Chartering AS and its competitors. For the Transportation industry, the median Altman Z-Score is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Bulk Chartering AS's current Altman Z-Score is 11.01, which is near median its own 10-year median of 10.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Bulk Chartering AS stock overvalued right now?
Based on GuruFocus' analysis, Western Bulk Chartering AS (WSSTF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.62, compared to a current price of $2.20 — trading 35.8% above its estimated fair value. The current Altman Z-Score is 11.01, which is near median its 10-year median of 10.85 and 382.9% above the Transportation industry median of 2.28. Western Bulk Chartering AS's overall GF Score™ is 55/100 with 7 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 Western Bulk Chartering AS (WSSTF), the current Altman Z-Score is 11.01 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 Western Bulk Chartering AS (WSSTF) Overvalued in 2026?
Based on GuruFocus' analysis, Western Bulk Chartering AS stock appears to be overvalued.
The current stock price of $2.20 is trading 35.8% above its estimated GF Value™ of $1.62.
GuruFocus considers Western Bulk Chartering AS to be Significantly Overvalued.
Key valuation signals for WSSTF:
Altman Z-Score: 11.01 (near median its 10-year median of 10.85)
GF Value™: $1.62 vs. price of $2.20 (35.8% above fair value)
Industry Position: 382.9% above the Transportation median (#43 of 1000)
No single metric tells the full story. See the WSSTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Western Bulk Chartering AS is a transporter of dry bulk commodities. Its commodities include coal, minerals, steel products, cement, agriculture or grains, ferrous ores, and fertilizers, among others. It operates in dry bulk vessels in the Panamax to Handysize segment. Geographic diversification is the Far East, Europe, India, North America, Africa, South America, and the Middle East. The majority of revenue is from the Far East.
55GF Score
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