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.
Dell-VMWare Tracking Stock has a Altman Z-Score of 1.50, 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 Dell-VMWare Tracking Stock's Altman Z-Score or its related term are showing as below:
XTER:12D'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.36 Med: 1.61 Max: 2.4
Current: 1.52
During the past 2 years, Dell-VMWare Tracking Stock's highest Altman Z-Score was 2.40. The lowest was 1.36. And the median was 1.61.
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.
XTER:12D vs CA, CTXS, PAGS: Altman Z-Score Comparison
For the Software - Infrastructure subindustry, Dell-VMWare Tracking Stock'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.
Dell-VMWare Tracking Stock Altman Z-Score vs Software Industry
For the Software industry and Technology sector, Dell-VMWare Tracking Stock's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Dell-VMWare Tracking Stock's Altman Z-Score falls into.
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.
Dell-VMWare Tracking Stock (XTER:12D) has a Altman Z-Score of 1.50 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Dell-VMWare Tracking Stock and its competitors. This is near median its historical median of 1.61. Over the past decade, Dell-VMWare Tracking Stock's Altman Z-Score has ranged from 1.36 to 2.40.
Is Dell-VMWare Tracking Stock's Altman Z-Score too high?
Dell-VMWare Tracking Stock's current Altman Z-Score of 1.50 is near median its 10-year median of 1.61. Over the past 10 years, this metric has ranged from a low of 1.36 to a high of 2.40. The Software industry median Altman Z-Score is 3.11. Dell-VMWare Tracking Stock's value of 1.50 is 51.8% below this industry median.
How does Dell-VMWare Tracking Stock's Altman Z-Score compare to CA and CTXS?
Dell-VMWare Tracking Stock's Altman Z-Score of 1.50 can be compared against companies in the Software industry. The industry median Altman Z-Score is 3.11. Dell-VMWare Tracking Stock's value of 1.50 is 51.8% below this benchmark. Historically, Dell-VMWare Tracking Stock's own Altman Z-Score has ranged from 1.36 to 2.40 over the past decade. While the company's 10-year median is 1.61 vs. the industry median of 3.11, Dell-VMWare Tracking Stock 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 Software company?
The median Altman Z-Score among Software companies is 3.11, based on 2,766 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. Dell-VMWare Tracking Stock's current Altman Z-Score of 1.50 is 51.8% 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 Dell-VMWare Tracking Stock and its competitors. For the Software industry, the median Altman Z-Score is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dell-VMWare Tracking Stock's current Altman Z-Score is 1.50, which is near median its own 10-year median of 1.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dell-VMWare Tracking Stock stock overvalued right now?
Dell-VMWare Tracking Stock (XTER:12D) has a current Altman Z-Score of 1.50. The current Altman Z-Score is 1.50, which is near median its 10-year median of 1.61 and 51.8% below the Software industry median of 3.11. 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 Dell-VMWare Tracking Stock (XTER:12D), the current Altman Z-Score is 1.50 as of Jul. 02, 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.
Dell-VMWare Tracking Stock was incorporated in the state of Delaware on January 31, 2013 under the name of Denali Holding Inc. It changed its name to Dell Technologies Inc. on August 25, 2016. On September 7, 2016, a merger subsidiary of Dell Technologies merged with and into EMC Corporation, with EMC Corporation surviving the merger as a wholly-owned subsidiary of Dell Technologies. The company has issued a tracking stock to track the performance of a portion of Dell Technologies' economic interest in the VMware business. It is an information technology company. The company offers virtualization and cloud infrastructure solutions, which enable organizations to manage IT resources across complex multi-cloud, multi-device environments.
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