Airtificial Intelligence Structures (XMAD:AI) Altman Z-Score: 0.48 (As of Jun. 24, 2026) — 35% Below Median


What is Airtificial Intelligence Structures Altman Z-Score?

Airtificial Intelligence Structures XMAD:AI -2.71% Altman Z-Score is 0.48 as of Jun. 24, 2026, which is 35% below its 10-year median of 0.74. The stock has 8 warning signs investors should review. Among 3,013 Industrial Products companies, Airtificial Intelligence Structures ranks worse than 92.53% 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 0.45 is in distress zone. This implies bankruptcy possibility in the next two years.

Airtificial Intelligence Structures has a Altman Z-Score of 0.48, 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 Airtificial Intelligence Structures's Altman Z-Score or its related term are showing as below:

XMAD:AI' s Altman Z-Score Range Over the Past 10 Years
Min: 0.07   Med: 0.74   Max: 3.17
Current: 0.45

During the past 13 years, Airtificial Intelligence Structures's highest Altman Z-Score was 3.17. The lowest was 0.07. And the median was 0.74.


Airtificial Intelligence Structures  (XMAD:AI) 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.


Airtificial Intelligence Structures Altman Z-Score Related Terms


Airtificial Intelligence Structures Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Airtificial Intelligence Structures'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.

Airtificial Intelligence Structures Altman Z-Score Chart

Airtificial Intelligence Structures 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 0.49 0.44 0.94 0.87 0.45

Airtificial Intelligence Structures Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.94 0.00 0.87 0.00 0.45

XMAD:AI vs GEV, ETN, PH: Altman Z-Score Comparison

For the Specialty Industrial Machinery subindustry, Airtificial Intelligence Structures'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.


Airtificial Intelligence Structures Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Airtificial Intelligence Structures's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Airtificial Intelligence Structures's Altman Z-Score falls into.



Airtificial Intelligence Structures 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.

Airtificial Intelligence Structures'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*-0.1027+1.4*-0.1244+3.3*-0.0951+0.6*1.035+1.0*0.4668
=0.48

* 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 Dec. 2025:
Total Assets was €201.35 Mil.
Total Current Assets was €82.12 Mil.
Total Current Liabilities was €102.79 Mil.
Retained Earnings was €-25.04 Mil.
Pre-Tax Income was €-24.80 Mil.
Interest Expense was €-5.66 Mil.
Revenue was €93.99 Mil.
Market Cap (Today) was €150.92 Mil.
Total Liabilities was €145.81 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
=(82.119 - 102.79)/201.354
=-0.1027

X2=Retained Earnings/Total Assets
=-25.042/201.354
=-0.1244

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-24.8 - -5.659)/201.354
=-0.0951

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=150.917/145.808
=1.035

X5=Revenue/Total Assets
=93.994/201.354
=0.4668

The zones of discrimination were as such:

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

Airtificial Intelligence Structures has a Altman Z-Score of 0.48 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 0.48 mean?
Airtificial Intelligence Structures (XMAD:AI) has a Altman Z-Score of 0.48 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Airtificial Intelligence Structures and its competitors. This is 35% below median its historical median of 0.74. Over the past decade, Airtificial Intelligence Structures' Altman Z-Score has ranged from 0.07 to 3.17. According to the industry distribution chart, Airtificial Intelligence Structures ranks #2788 out of 3013 companies in the Industrial Products industry, placing it in the top 92.5%.
Is Airtificial Intelligence Structures' Altman Z-Score too high?
Airtificial Intelligence Structures' current Altman Z-Score of 0.48 is 35% below median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 3.17. The Industrial Products industry median Altman Z-Score is 3.42. Airtificial Intelligence Structures' value of 0.48 is 86% below this industry median. Based on the distribution chart, Airtificial Intelligence Structures ranks #2788 out of 3013 companies in the Industrial Products industry, which is in the bottom quartile relative to peers.
How does Airtificial Intelligence Structures' Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Airtificial Intelligence Structures ranks #2788 out of 3013 companies for Altman Z-Score. This places Airtificial Intelligence Structures in the lower half of its industry. The industry median Altman Z-Score is 3.42. Airtificial Intelligence Structures' value of 0.48 is 86% below this benchmark. Historically, Airtificial Intelligence Structures' own Altman Z-Score has ranged from 0.07 to 3.17 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 3.42, Airtificial Intelligence Structures 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.42, based on 3,013 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. Airtificial Intelligence Structures's current Altman Z-Score of 0.48 is 86% 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 Airtificial Intelligence Structures and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airtificial Intelligence Structures's current Altman Z-Score is 0.48, which is 35% below median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airtificial Intelligence Structures stock overvalued right now?
Based on GuruFocus' analysis, Airtificial Intelligence Structures (XMAD:AI) is currently considered Fairly Valued. The stock's GF Value™ is €0.10, compared to a current price of €0.10 — trading 3% below its estimated fair value. The current Altman Z-Score is 0.48, which is 35% below median its 10-year median of 0.74 and 86% below the Industrial Products industry median of 3.42. 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 Airtificial Intelligence Structures (XMAD:AI), the current Altman Z-Score is 0.48 as of Jun. 24, 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.

Airtificial Intelligence Structures Business Description

Other Exchanges AITLF:USA0EVB:UKIRG:Germany
Address General Diaz Porlier 49, Madrid, ESP, 28001
Airtificial Intelligence Structures SA is a prominent Spanish company in the field of Artificial Intelligence, Robotics, and the Development of Intelligent Structures. The company provides design and manufacturing technology solutions for the automotive, aeronautics, infrastructure, and other industrial sectors. It operates in the Aerospace & Defense, Infrastructure, and Intelligent Robots segments. The majority of the company's revenues are derived from the Intelligent Robots segment that caters to the automotive sector, specifically, in assembly, test, and test lines.