Panasonic Corporation (PC)
Panasonic Corporation Altman Z-Score: 1.751
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PC Altman Z-Score Rankings
| Overall | 35th percentile | 2287 of 3554 |
| Sector | 15th percentile | 304 of 361 in Consumer Goods |
| Industry | 8th percentile | 11 of 12 in Electronic Equipment |
PC Altman Z-Score Range, Past 5 Years
| Minimum | 1.666 | Dec 2009 |
| Maximum | 2.541 | Dec 2008 |
| Average | 2.037 |
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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