Micron Technology (MU)
Micron Technology Altman Z-Score: 1.552
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MU Altman Z-Score Rankings
| Overall | 32nd percentile | 2412 of 3554 |
| Sector | 26th percentile | 557 of 757 in Technology |
| Industry | 12th percentile | 7 of 8 in Semiconductor - Memory Chips |
MU Altman Z-Score Range, Past 5 Years
| Minimum | -0.0157 | Feb 2009 |
| Maximum | 2.715 | Feb 2011 |
| Average | 1.337 |
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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