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Altman Z-Score

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5.86
Price
Fair Value
Upside
0.86 - 7.19
52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on 's Altman Z-Score:

Dec 2016Dec 2018Dec 2020Dec 2022Dec 20240.01.02.03.04.0

Performance Summary
  • Commscope Hlding's latest twelve months altman z-score is 0.2
  • Commscope Hlding's altman z-score for fiscal years ending December 2020 to 2024 averaged 0.9.
  • Commscope Hlding's operated at median altman z-score of 0.7 from fiscal years ending December 2020 to 2024.
  • Looking back at the last 5 years, Commscope Hlding's altman z-score peaked in December 2020 at 2.0.
  • Commscope Hlding's altman z-score hit its 5-year low in December 2023 of 0.0.
  • Commscope Hlding's altman z-score decreased in 2020 (2.0, -3.9%), 2021 (1.4, -29.4%), 2022 (0.7, -48.2%), and 2023 (0.0, -96.0%) and increased in 2024 (0.2, +613.4%).

How does Commscope Hlding's Altman Z-Score benchmark against competitors?

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We've identified the following companies as similar to Commscope Hlding because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Metric Usage: Altman Z-Score

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altman_z_score
Slug
number
Datatype
text
Format
current
Default Period
FY, LTM
Periods Supported
Free
Plan

To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Altman Z-Score in the risk category include:

  • Realized Volatility (1y) - Realized volatility (also known as rolling volatility) over the last one year.
  • Short Term Debt Coverage Ratio - A ratio that measures the amount of cash flow a firm generates for each dollar of short-term debt it uses
  • Net Debt / Equity - A ratio that measures the level of the net debt relative to the book value of common equity. This ratio is also called net gearing ratio.
  • Debt / Total Equity - A ratio that measures the level of the debt relative to the book value of total equity.
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Altman Z-Score

Definition of Altman Z-Score

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Altman Z-Score is a formula used to predict the probability that a firm will go into bankruptcy within two years. The original paper by Professor Edward I. Altman can be found here.

The formula for Z-Score is as follows:

Z = 1.2A + 1.4B + 3.3C + 0.6D + 1.0E

A = Working Capital / Total Assets
B = Retained Earnings / Total Assets
C = EBIT / Total Assets
D = Market Value Of Equity / Book Value Of Total Liabilities
E = Sales / Total Assets

For non-U.S. and financial institutions, a modified version of the formula called Z"-Score is used.

Z" = 6.56A + 3.26B + 6.72C + 1.05D + 3.25

A = Working Capital / Total Assets
B = Retained Earnings / Total Assets
C = Operating Income / Total Assets
D = Book Value of Equity / Book Value Of Liabilities

The formula for Z-Score is as follows:

Z-Score:
  Z > 2.99            |   Safe Zone
  2.99 > Z > 1.81     |   Gray Zone
  Z < 1.81            |   Distress Zone

Z"-Score:
  Z > 2.6             |  Safe Zone
  2.6 > Z > 1.1       |  Gray Zone
  Z < 1.1             |  Distress Zone

Click the link below to download a spreadsheet with an example Altman Z-Score calculation for Commscope Hlding below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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-638.0-438.0-238.027.72006001,0001,400

The chart above depicts the distribution of altman z-score for companies operating in the Information Technology sector in the Developed economic region. Over 2,490 companies were considered in this analysis, and 2,397 had meaningful values. The average altman z-score of companies in the sector is -8.4 with a standard deviation of 58.1.

Commscope Hlding's Altman Z-Score of 0.2 ranks in the 25.8% percentile for the sector. The following table provides additional summary stats:

Altman Z-Score In The Information Technology Sector
Economic Risk RegionDeveloped
Total Constituents2,497
Included Constituents2,397
Min-634.4
Max25.9
Median6.1
Mean-8.4
Standard Deviation58.1

You can find companies with similar altman z-score using this stock screener.

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