Shoval Engineering And Construction (XTAE:SHVL) Altman Z-Score: 1.26 (As of Jul. 17, 2026) — Near Median

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XTAE:SHVL Shoval Engineering And Construction Ltd XTAE:SHVL
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What is Shoval Engineering And Construction Altman Z-Score?

Shoval Engineering And Construction XTAE:SHVL -1.10% 9 Altman Z-Score is 1.26 as of Jul. 17, 2026, which is 1% above its 10-year median of 1.25. GuruFocus rates XTAE:SHVL with a GF Score™ of 9/100. The stock has 4 warning signs investors should review. Among 1,730 Real Estate companies, Shoval Engineering And Construction ranks worse than 51.73% 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 1.26 is in distress zone. This implies bankruptcy possibility in the next two years.

Shoval Engineering And Construction has a Altman Z-Score of 1.26, 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 Shoval Engineering And Construction's Altman Z-Score or its related term are showing as below:

XTAE:SHVL' s Altman Z-Score Range Over the Past 10 Years
Min: 1.14   Med: 1.25   Max: 1.37
Current: 1.26

During the past 3 years, Shoval Engineering And Construction's highest Altman Z-Score was 1.37. The lowest was 1.14. And the median was 1.25.


Shoval Engineering And Construction  (XTAE:SHVL) 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.


Shoval Engineering And Construction Altman Z-Score Related Terms


Shoval Engineering And Construction Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Shoval Engineering And Construction'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.

Shoval Engineering And Construction Altman Z-Score Chart

Shoval Engineering And Construction Annual Data
Trend Dec23 Dec24 Dec25
Altman Z-Score
0.00 0.00 1.37

Shoval Engineering And Construction Quarterly Data
Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only 1.14 1.18 1.25 1.37 1.28

Shoval Engineering And Construction Altman Z-Score Competitor Comparison

For the Real Estate - Development subindustry, Shoval Engineering And Construction'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.


Shoval Engineering And Construction Altman Z-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Shoval Engineering And Construction's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Shoval Engineering And Construction's Altman Z-Score falls into.


XTAE:SHVL
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Shoval Engineering And Construction Ltd XTAE:SHVL
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Shoval Engineering And Construction 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.

Shoval Engineering And Construction'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*0.1328+1.4*0.2436+3.3*0.0426+0.6*0.3831+1.0*0.3843
=1.26

* 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 ₪1,405.7 Mil.
Total Current Assets was ₪784.6 Mil.
Total Current Liabilities was ₪597.8 Mil.
Retained Earnings was ₪342.5 Mil.
Pre-Tax Income was 7.615 + 7.744 + 4.51 + 3.97 = ₪23.8 Mil.
Interest Expense was -8.742 + -8.624 + -9.905 + -8.811 = ₪-36.1 Mil.
Revenue was 150.667 + 132.718 + 132.137 + 124.627 = ₪540.1 Mil.
Market Cap (Today) was ₪379.6 Mil.
Total Liabilities was ₪990.9 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
=(784.577 - 597.846)/1405.698
=0.1328

X2=Retained Earnings/Total Assets
=342.484/1405.698
=0.2436

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(23.839 - -36.082)/1405.698
=0.0426

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=379.628/990.868
=0.3831

X5=Revenue/Total Assets
=540.149/1405.698
=0.3843

The zones of discrimination were as such:

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

Shoval Engineering And Construction has a Altman Z-Score of 1.26 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 1.26 mean?
Shoval Engineering And Construction (XTAE:SHVL) has a Altman Z-Score of 1.26 as of Jul. 17, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Shoval Engineering And Construction and its competitors. This is near median its historical median of 1.25. Over the past decade, Shoval Engineering And Construction's Altman Z-Score has ranged from 1.14 to 1.37. According to the industry distribution chart, Shoval Engineering And Construction ranks #895 out of 1730 companies in the Real Estate industry, placing it in the top 51.7%.
Is Shoval Engineering And Construction's Altman Z-Score too high?
Shoval Engineering And Construction's current Altman Z-Score of 1.26 is near median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 1.37. The Real Estate industry median Altman Z-Score is 1.32. Shoval Engineering And Construction's value of 1.26 is 4.2% below this industry median. Based on the distribution chart, Shoval Engineering And Construction ranks #895 out of 1730 companies in the Real Estate industry, which is below the industry midpoint. Overall, Shoval Engineering And Construction has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Shoval Engineering And Construction's Altman Z-Score compare to competitors?
According to the Real Estate industry distribution chart, Shoval Engineering And Construction ranks #895 out of 1730 companies for Altman Z-Score. This places Shoval Engineering And Construction in the lower half of its industry. The industry median Altman Z-Score is 1.32. Shoval Engineering And Construction's value of 1.26 is 4.2% below this benchmark. Historically, Shoval Engineering And Construction's own Altman Z-Score has ranged from 1.14 to 1.37 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 1.32, Shoval Engineering And Construction 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.32, based on 1,730 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. Shoval Engineering And Construction's current Altman Z-Score of 1.26 is 4.2% 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 Shoval Engineering And Construction and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shoval Engineering And Construction's current Altman Z-Score is 1.26, which is near median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shoval Engineering And Construction stock overvalued right now?
Shoval Engineering And Construction (XTAE:SHVL) has a current Altman Z-Score of 1.26. The current Altman Z-Score is 1.26, which is near median its 10-year median of 1.25 and 4.2% below the Real Estate industry median of 1.32. Shoval Engineering And Construction's overall GF Score™ is 9/100 with 4 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 Shoval Engineering And Construction (XTAE:SHVL), the current Altman Z-Score is 1.26 as of Jul. 17, 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.

Shoval Engineering And Construction Business Description

Address Derech Bar Yehuda 50, GRAS Building, Nesher, ISR
Shoval Engineering And Construction Ltd is focused on planning and building logistics centers, public buildings, commercial centers, industrial buildings, and offices. The company provides its customers with a comprehensive solution for the realization of their vision, planning, and handling of all administrative aspects, including approvals and permits.
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