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 13.41 is strong.
Societe Industrielle et Financiere de l'Artois has a Altman Z-Score of 13.41, 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.
Societe Industrielle et Financiere de l'Artois (XPAR:ARTO) 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.
Societe Industrielle et Financiere de l'Artois Altman Z-Score Chart
Societe Industrielle et Financiere de l'Artois Annual Data
XPAR:ARTO vs SNDK, DELL, STX: Altman Z-Score Comparison
For the Computer Hardware subindustry, Societe Industrielle et Financiere de l'Artois'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.
Societe Industrielle et Financiere de l'Artois Altman Z-Score vs Hardware Industry
Societe Industrielle et Financiere de l'Artois 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.
Societe Industrielle et Financiere de l'Artois (XPAR:ARTO) has a Altman Z-Score of 13.41 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Societe Industrielle et Financiere de l'Artois and its competitors. This is 81% above median its historical median of 7.41. Over the past decade, Societe Industrielle et Financiere de l'Artois' Altman Z-Score has ranged from 4.82 to 16.25. According to the industry distribution chart, Societe Industrielle et Financiere de l'Artois ranks #283 out of 2459 companies in the Hardware industry, placing it in the top 11.5%.
Is Societe Industrielle et Financiere de l'Artois' Altman Z-Score too high?
Societe Industrielle et Financiere de l'Artois' current Altman Z-Score of 13.41 is 81% above median its 10-year median of 7.41. Over the past 10 years, this metric has ranged from a low of 4.82 to a high of 16.25. The Hardware industry median Altman Z-Score is 3.60. Societe Industrielle et Financiere de l'Artois' value of 13.41 is 272.5% above this industry median. Based on the distribution chart, Societe Industrielle et Financiere de l'Artois ranks #283 out of 2459 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Societe Industrielle et Financiere de l'Artois has a GF Score™ of 19/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Societe Industrielle et Financiere de l'Artois' Altman Z-Score compare to SNDK and DELL?
According to the Hardware industry distribution chart, Societe Industrielle et Financiere de l'Artois ranks #283 out of 2459 companies for Altman Z-Score. This places Societe Industrielle et Financiere de l'Artois in the top 12% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.60. Societe Industrielle et Financiere de l'Artois' value of 13.41 is 272.5% above this benchmark. Historically, Societe Industrielle et Financiere de l'Artois' own Altman Z-Score has ranged from 4.82 to 16.25 over the past decade. While the company's 10-year median is 7.41 vs. the industry median of 3.60, Societe Industrielle et Financiere de l'Artois 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.60, based on 2,459 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. Societe Industrielle et Financiere de l'Artois's current Altman Z-Score of 13.41 is 272.5% 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 Societe Industrielle et Financiere de l'Artois and its competitors. For the Hardware industry, the median Altman Z-Score is 3.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Societe Industrielle et Financiere de l'Artois's current Altman Z-Score is 13.41, which is 81% above median its own 10-year median of 7.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Societe Industrielle et Financiere de l'Artois stock overvalued right now?
Based on GuruFocus' analysis, Societe Industrielle et Financiere de l'Artois (XPAR:ARTO) is currently considered Significantly Overvalued. The stock's GF Value™ is €4,701.27, compared to a current price of €9,600.00 — trading 104.2% above its estimated fair value. The current Altman Z-Score is 13.41, which is 81% above median its 10-year median of 7.41 and 272.5% above the Hardware industry median of 3.60. Societe Industrielle et Financiere de l'Artois' overall GF Score™ is 19/100 with 5 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 Societe Industrielle et Financiere de l'Artois (XPAR:ARTO), the current Altman Z-Score is 13.41 as of Jun. 30, 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 Societe Industrielle et Financiere de l'Artois (XPAR:ARTO) Overvalued in 2026?
Based on GuruFocus' analysis, Societe Industrielle et Financiere de l'Artois stock appears to be overvalued.
The current stock price of €9,600.00 is trading 104.2% above its estimated GF Value™ of €4,701.27.
GuruFocus considers Societe Industrielle et Financiere de l'Artois to be Significantly Overvalued.
Key valuation signals for XPAR:ARTO:
Altman Z-Score: 13.41 (81% above median its 10-year median of 7.41)
GF Value™: €4,701.27 vs. price of €9,600.00 (104.2% above fair value)
Industry Position: 272.5% above the Hardware median (#283 of 2459)
No single metric tells the full story. See the XPAR:ARTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Societe Industrielle et Financiere de l'Artois Business Description
Societe Industrielle et Financiere de l'Artois SA is a France-based holding company specializing in manufacturing and marketing of terminals and computer peripheral equipment.
19GF Score
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