Formula Systems (FORTY)
Formula Systems Altman Z-Score
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FORTY Altman Z-Score Range, Past 5 Years
| Minimum | 1.681 | Dec 2008 |
| Maximum | 3.165 | Dec 2007 |
| Average | 2.308 |
About Altman Z-Score
CAUTION: The Altman Z-Score is meant to be applied only to manufacturing firms that are near bankruptcy. It was not based on a sample including non-manufacturing firms (service firms, banks, etc.). Use it at your own risk with those companies, but beware that bankruptcy probabilities may be misstated.
The Altman Z-Score helps investors to gauge the probability of a company going bankrupt. Generally, firms with a score above 3.00 have a low probability of bankruptcy, and those with a Z-Score of less than 1.81 have a relatively high probability of bankruptcy.
Note that this is a probabilistic model, so it will not classify perfectly.
The score was first published in a 1968 paper by Edward Altman titled "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy."
Altman re-tested the model in a 2000 paper titled "Predicting financial distress of companies: Revisiting the Z-score and Zeta models". The paper showed that the model still had utility for looking at manufacturers, though the number of misclassifications did increase over time.
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FORTY News
May 08, 4:30AM PR Newswire
Apr 23, 7:50AM PR Newswire
Apr 16, 9:57AM PR Newswire
Mar 13, 4:46AM PR Newswire
Mar 07, 10:50AM Benzinga
Mar 01, 4:54AM PR Newswire
Feb 27, 11:53AM PR Newswire
Jan 31, 6:16AM PR Newswire
Nov 27, 11:36AM PR Newswire
Aug 31, 9:29AM FlyOnTheWall
Aug 18, 6:42AM Street Insider
Aug 10, 3:15AM PR Newswire
May 12, 7:24AM FlyOnTheWall
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FORTY | 16.00 | -0.22 | -1.36% | 226.24M |
| FORR | 33.38 | +0.07 | +0.21% | 755.14M |
| FORM | 5.66 | +0.01 | +0.18% | 280.30M |
| FORD | 2.24 | +0.14 | +6.41% | 17.05M |
| FOR | 13.79 | +0.01 | +0.07% | 477.61M |
| FONE | 22.36 | +0.06 | +0.27% | |
| FOLD | 4.89 | -0.10 | -2.00% | 222.80M |
| FOH | 0.37 | +0.00 | +0.00% | 14.40M |
| FOF | 12.20 | +0.11 | +0.91% | |
| FOE | 4.61 | +0.03 | +0.66% | 396.49M |
