CarrerasXJAM:CAR -1.17%76 Altman Z-Score is 27.22 as of Jul. 04, 2026, which is 62% above its 10-year median of 16.83. GuruFocus rates XJAM:CAR with a GF Score™ of 76/100 and a GF Value™ of JMD12.99 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 48 Tobacco Products companies, Carreras ranks better than 95.83% 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.
Good Sign:
Altman Z-score of 27.29 is strong.
Carreras has a Altman Z-Score of 27.22, 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 Carreras's Altman Z-Score or its related term are showing as below:
XJAM:CAR'
s Altman Z-Score Range Over the Past 10 Years
Min: 13.62 Med: 16.83 Max: 27.29
Current: 27.29
During the past 13 years, Carreras's highest Altman Z-Score was 27.29. The lowest was 13.62. And the median was 16.83.
Carreras (XJAM:CAR) 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.
Carreras Altman Z-Score Related Terms
Carreras Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Carreras'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.
XJAM:CAR vs PM, MO, TPB: Altman Z-Score Comparison
For the Tobacco subindustry, Carreras'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.
Carreras Altman Z-Score vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Carreras's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Carreras'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.
Carreras'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
*
0.3664
+
1.4
*
0.4134
+
3.3
*
1.2095
+
0.6
*
32.2803
+
1.0
*
2.8457
=
27.22
* 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.
Carreras (XJAM:CAR) has a Altman Z-Score of 27.22 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Carreras and its competitors. This is 62% above median its historical median of 16.83. Over the past decade, Carreras' Altman Z-Score has ranged from 13.62 to 27.29. According to the industry distribution chart, Carreras ranks #2 out of 48 companies in the Tobacco Products industry, placing it in the top 4.2%.
Is Carreras' Altman Z-Score too high?
Carreras' current Altman Z-Score of 27.22 is 62% above median its 10-year median of 16.83. Over the past 10 years, this metric has ranged from a low of 13.62 to a high of 27.29. The Tobacco Products industry median Altman Z-Score is 4.07. Carreras' value of 27.22 is 568.8% above this industry median. Based on the distribution chart, Carreras ranks #2 out of 48 companies in the Tobacco Products industry, which is in the top quartile — a strong position relative to peers. Overall, Carreras has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carreras' Altman Z-Score compare to PM and MO?
According to the Tobacco Products industry distribution chart, Carreras ranks #2 out of 48 companies for Altman Z-Score. This places Carreras in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 4.07. Carreras' value of 27.22 is 568.8% above this benchmark. Historically, Carreras' own Altman Z-Score has ranged from 13.62 to 27.29 over the past decade. While the company's 10-year median is 16.83 vs. the industry median of 4.07, Carreras 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 Tobacco Products company?
The median Altman Z-Score among Tobacco Products companies is 4.07, based on 48 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. Carreras's current Altman Z-Score of 27.22 is 568.8% 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 Carreras and its competitors. For the Tobacco Products industry, the median Altman Z-Score is 4.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carreras's current Altman Z-Score is 27.22, which is 62% above median its own 10-year median of 16.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carreras stock overvalued right now?
Based on GuruFocus' analysis, Carreras (XJAM:CAR) is currently considered Significantly Overvalued. The stock's GF Value™ is JMD12.99, compared to a current price of JMD27.84 — trading 114.3% above its estimated fair value. The current Altman Z-Score is 27.22, which is 62% above median its 10-year median of 16.83 and 568.8% above the Tobacco Products industry median of 4.07. Carreras' overall GF Score™ is 76/100 with 6 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 Carreras (XJAM:CAR), the current Altman Z-Score is 27.22 as of Jul. 04, 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 Carreras (XJAM:CAR) Overvalued in 2026?
Based on GuruFocus' analysis, Carreras stock appears to be overvalued.
The current stock price of JMD27.84 is trading 114.3% above its estimated GF Value™ of JMD12.99.
GuruFocus considers Carreras to be Significantly Overvalued.
Key valuation signals for XJAM:CAR:
Altman Z-Score: 27.22 (62% above median its 10-year median of 16.83)
GF Value™: JMD12.99 vs. price of JMD27.84 (114.3% above fair value)
Industry Position: 568.8% above the Tobacco Products median (#2 of 48)
No single metric tells the full story. See the XJAM:CAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carreras Ltd is a marketer and distributor of cigarettes and tobacco-related products in Jamaica. The company markets and distributes various brands of cigarettes, including Craven A and Matterhorn. The group's activities are limited to the distribution of cigarettes to Jamaican consumers, operating in a single segment.
76GF Score
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