VAA-Vista Alegre Atlantis (XLIS:VAF) Altman Z-Score: 0.78 (As of Jul. 13, 2026) — 11% Above Median

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XLIS:VAF VAA-Vista Alegre Atlantis SA XLIS:VAF
82 GF Score
Price €1.07
GF Value €1.08
Valuation Fairly Valued
! 3 Warning Signs
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What is VAA-Vista Alegre Atlantis Altman Z-Score?

VAA-Vista Alegre Atlantis XLIS:VAF 82 Altman Z-Score is 0.78 as of Jul. 13, 2026, which is 11% above its 10-year median of 0.70. GuruFocus rates XLIS:VAF with a GF Score™ of 82/100 and a GF Value™ of €1.08 (Fairly Valued). The stock has 3 warning signs investors should review. Among 426 Furnishings, Fixtures & Appliances companies, VAA-Vista Alegre Atlantis ranks worse than 91.55% 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.

VAA-Vista Alegre Atlantis 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 VAA-Vista Alegre Atlantis's Altman Z-Score or its related term are showing as below:

XLIS:VAF' s Altman Z-Score Range Over the Past 10 Years
Min: -0.1   Med: 0.7   Max: 2.18
Current: 0.78

During the past 13 years, VAA-Vista Alegre Atlantis's highest Altman Z-Score was 2.18. The lowest was -0.10. And the median was 0.70.


VAA-Vista Alegre Atlantis  (XLIS:VAF) 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.


VAA-Vista Alegre Atlantis Altman Z-Score Related Terms


VAA-Vista Alegre Atlantis Altman Z-Score Historical Data

* Premium members only.

The historical data trend for VAA-Vista Alegre Atlantis'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.

VAA-Vista Alegre Atlantis Altman Z-Score Chart

VAA-Vista Alegre Atlantis 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 0.32 0.38 0.13 0.69 0.79

VAA-Vista Alegre Atlantis 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 0.73 0.71 0.71 0.79 0.80

XLIS:VAF vs SN, SGI, MHK: Altman Z-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, VAA-Vista Alegre Atlantis'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.


VAA-Vista Alegre Atlantis Altman Z-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, VAA-Vista Alegre Atlantis's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where VAA-Vista Alegre Atlantis's Altman Z-Score falls into.


XLIS:VAF
82GF Score
VAA-Vista Alegre Atlantis SA XLIS:VAF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VAA-Vista Alegre Atlantis 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.

VAA-Vista Alegre Atlantis'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*0.1241+1.4*-0.4817+3.3*0.0462+0.6*1.043+1.0*0.5312
=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 €268.4 Mil.
Total Current Assets was €103.1 Mil.
Total Current Liabilities was €69.8 Mil.
Retained Earnings was €-129.3 Mil.
Pre-Tax Income was 1.816 + 2.357 + -1.276 + 3.162 = €6.1 Mil.
Interest Expense was -1.498 + -1.689 + -1.524 + -1.64 = €-6.4 Mil.
Revenue was 34.509 + 40.711 + 33.418 + 33.915 = €142.6 Mil.
Market Cap (Today) was €179.4 Mil.
Total Liabilities was €172.0 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
=(103.135 - 69.83)/268.356
=0.1241

X2=Retained Earnings/Total Assets
=-129.258/268.356
=-0.4817

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(6.059 - -6.351)/268.356
=0.0462

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=179.385/171.991
=1.043

X5=Revenue/Total Assets
=142.553/268.356
=0.5312

The zones of discrimination were as such:

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

VAA-Vista Alegre Atlantis 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?
VAA-Vista Alegre Atlantis (XLIS:VAF) has a Altman Z-Score of 0.78 as of Jul. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on VAA-Vista Alegre Atlantis and its competitors. This is 11% above median its historical median of 0.70. According to the industry distribution chart, VAA-Vista Alegre Atlantis ranks #390 out of 426 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 91.5%.
Is VAA-Vista Alegre Atlantis' Altman Z-Score too high?
VAA-Vista Alegre Atlantis' current Altman Z-Score of 0.78 is 11% above median its 10-year median of 0.70. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.80. VAA-Vista Alegre Atlantis' value of 0.78 is 72.1% below this industry median. Based on the distribution chart, VAA-Vista Alegre Atlantis ranks #390 out of 426 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, VAA-Vista Alegre Atlantis has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does VAA-Vista Alegre Atlantis' Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, VAA-Vista Alegre Atlantis ranks #390 out of 426 companies for Altman Z-Score. This places VAA-Vista Alegre Atlantis in the lower half of its industry. The industry median Altman Z-Score is 2.80. VAA-Vista Alegre Atlantis' value of 0.78 is 72.1% below this benchmark. While the company's 10-year median is 0.70 vs. the industry median of 2.80, VAA-Vista Alegre Atlantis 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 2.80, based on 426 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. VAA-Vista Alegre Atlantis's current Altman Z-Score of 0.78 is 72.1% 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 VAA-Vista Alegre Atlantis and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VAA-Vista Alegre Atlantis's current Altman Z-Score is 0.78, which is 11% above median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VAA-Vista Alegre Atlantis stock overvalued right now?
Based on GuruFocus' analysis, VAA-Vista Alegre Atlantis (XLIS:VAF) is currently considered Fairly Valued. The stock's GF Value™ is €1.08, compared to a current price of €1.07 — trading 0.9% below its estimated fair value. The current Altman Z-Score is 0.78, which is 11% above median its 10-year median of 0.70 and 72.1% below the Furnishings, Fixtures & Appliances industry median of 2.80. VAA-Vista Alegre Atlantis' overall GF Score™ is 82/100 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 VAA-Vista Alegre Atlantis (XLIS:VAF), the current Altman Z-Score is 0.78 as of Jul. 13, 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 VAA-Vista Alegre Atlantis (XLIS:VAF) Overvalued in 2026?

Based on GuruFocus' analysis, VAA-Vista Alegre Atlantis stock appears to be undervalued. The current stock price of €1.07 is trading 0.9% below its estimated GF Value™ of €1.08. GuruFocus considers VAA-Vista Alegre Atlantis to be Fairly Valued.

Key valuation signals for XLIS:VAF:

  • Altman Z-Score: 0.78 (11% above median its 10-year median of 0.70)
  • GF Value™: €1.08 vs. price of €1.07 (0.9% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 72.1% below the Furnishings, Fixtures & Appliances median (#390 of 426)

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


VAA-Vista Alegre Atlantis Business Description

Other Exchanges 0ZW8:UK
Address Rua Nova da Trindade no 1, r/c esqdo, Lisboa, PRT, 1200 301
VAA-Vista Alegre Atlantis SA manufactures and distributes porcelain and ceramic items to wholesalers, retail shops, and direct customers in both the domestic and international markets. The company segments include Porcelain & other products, Stoneware, Crystal & Glass, and Earthenware. It derives maximum revenue from Stoneware. The company's geographical segments include Portugal, Spain, France, Germany, Italy, The Netherlands, Australia, the USA, the United Kingdom, Brazil, the Rest of Europe, and Other countries.
82GF Score

Get the complete analysis for XLIS:VAF

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

€1.07
Price
€1.08
GF Value