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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 1.57 is in distress zone. This implies bankruptcy possibility in the next two years.
Shapir Engineering and Industry has a Altman Z-Score of 1.57, 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 Shapir Engineering and Industry's Altman Z-Score or its related term are showing as below:
XTAE:SPEN'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.98 Med: 1.63 Max: 2.3
Current: 1.57
During the past 13 years, Shapir Engineering and Industry's highest Altman Z-Score was 2.30. The lowest was 0.98. And the median was 1.63.
Shapir Engineering and Industry (XTAE:SPEN) 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.
Shapir Engineering and Industry Altman Z-Score Chart
XTAE:SPEN vs PWR, FIX, EME: Altman Z-Score Comparison
For the Engineering & Construction subindustry, Shapir Engineering and Industry'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.
Shapir Engineering and Industry Altman Z-Score vs Construction Industry
For the Construction industry and Industrials sector, Shapir Engineering and Industry's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Shapir Engineering and Industry's Altman Z-Score falls into.
Shapir Engineering and Industry 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.
Shapir Engineering and Industry (XTAE:SPEN) has a Altman Z-Score of 1.57 as of Jul. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Shapir Engineering and Industry and its competitors. This is near median its historical median of 1.63. Over the past decade, Shapir Engineering and Industry's Altman Z-Score has ranged from 0.98 to 2.30. According to the industry distribution chart, Shapir Engineering and Industry ranks #1197 out of 1756 companies in the Construction industry, placing it in the top 68.2%.
Is Shapir Engineering and Industry's Altman Z-Score too high?
Shapir Engineering and Industry's current Altman Z-Score of 1.57 is near median its 10-year median of 1.63. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 2.30. The Construction industry median Altman Z-Score is 2.31. Shapir Engineering and Industry's value of 1.57 is 32% below this industry median. Based on the distribution chart, Shapir Engineering and Industry ranks #1197 out of 1756 companies in the Construction industry, which is below the industry midpoint. Overall, Shapir Engineering and Industry has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shapir Engineering and Industry's Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Shapir Engineering and Industry ranks #1197 out of 1756 companies for Altman Z-Score. This places Shapir Engineering and Industry in the lower half of its industry. The industry median Altman Z-Score is 2.31. Shapir Engineering and Industry's value of 1.57 is 32% below this benchmark. Historically, Shapir Engineering and Industry's own Altman Z-Score has ranged from 0.98 to 2.30 over the past decade. While the company's 10-year median is 1.63 vs. the industry median of 2.31, Shapir Engineering and Industry 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 Construction company?
The median Altman Z-Score among Construction companies is 2.31, based on 1,756 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. Shapir Engineering and Industry's current Altman Z-Score of 1.57 is 32% 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 Shapir Engineering and Industry and its competitors. For the Construction industry, the median Altman Z-Score is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shapir Engineering and Industry's current Altman Z-Score is 1.57, which is near median its own 10-year median of 1.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shapir Engineering and Industry stock overvalued right now?
Based on GuruFocus' analysis, Shapir Engineering and Industry (XTAE:SPEN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₪31.31, compared to a current price of ₪47.77 — trading 52.6% above its estimated fair value. The current Altman Z-Score is 1.57, which is near median its 10-year median of 1.63 and 32% below the Construction industry median of 2.31. Shapir Engineering and Industry's overall GF Score™ is 88/100 with 12 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 Shapir Engineering and Industry (XTAE:SPEN), the current Altman Z-Score is 1.57 as of Jul. 21, 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 Shapir Engineering and Industry (XTAE:SPEN) Overvalued in 2026?
Based on GuruFocus' analysis, Shapir Engineering and Industry stock appears to be overvalued.
The current stock price of ₪47.77 is trading 52.6% above its estimated GF Value™ of ₪31.31.
GuruFocus considers Shapir Engineering and Industry to be Significantly Overvalued.
Key valuation signals for XTAE:SPEN:
Altman Z-Score: 1.57 (near median its 10-year median of 1.63)
GF Value™: ₪31.31 vs. price of ₪47.77 (52.6% above fair value)
Industry Position: 32% below the Construction median (#1197 of 1756)
No single metric tells the full story. See the XTAE:SPEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shapir Engineering and Industry Business Description
Shapir Engineering and Industry Ltd is an Israel-based company which is active in engineering and construction industry. It is engaged in manufacturing and supplying of aggregates and road materials, concrete, concrete fabricated plant as well as asphalt for road paving. The company also manufactures ready mix concrete and building finishing products and prefabricated elements from prestressed and precast concrete. Shapir focuses on developing high-quality apartment buildings and other apartments in various projects through Israel.
88GF Score
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