ValueScreener
DistressRatio

93 Australian Securities Exchange companies in Altman's distress band

93companies

An Altman Z-Score below 1.8, which is the band Altman called distress, computed from filed statements.

Stocks · Non-US shares · Australian Securities Exchange (ASX) · Ranked by Altman Z-Score in ratio, largest company first · Rebuilt 2026-11-07 at 09:25 UTC

How this list is built

The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against total assets, from the newest filed statements. Where the filer raised going concern itself, that sentence is shown with its filing. The score classifies and does not rank: Altman published two cut-offs and no ordering below the lower one, so the list is ordered by size, largest company first. The screen: companies listed on Australian Securities Exchange, graded A or B for the quality of what they report; a median daily traded value of at least 250,000 US dollars over 90 sessions, stated in each listing's own currency, so a company nobody can trade is never on the list; and no positive price to earnings under 1, which no real company earns, and no close sitting the whole of its own 52-week high below that high, which no listing that still trades can do. 375 companies passed tonight. Each market is ranked on its own and never added to another. Figures as recomputed on 2026-11-07.

The list

50 of 93 companies
In the band Altman called distress, ranked by Altman Z-Score, largest company first
#CompanyMarketSectorAltman Z-Score, in ratioCurrent ratio, in ratioTangible equity ratio, in ratioOperating margin, in percentAltman Z-Score over timeSource
1ASX:TCLTransurban GroupASXIndustrials0.970.77-0.6428.5%

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2ASX:STOSantos LimitedASXEnergy1.071.530.4727.1%

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3ASX:SCGScentre GroupASXReal Estate1.230.310.5367.6%

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4ASX:APAAPA GroupASXUtilities0.891.36-0.1237.9%

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5ASX:QANQantas Airways LimitedASXIndustrials1.200.430.047.5%

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6ASX:RHCRamsay Health Care LimitedASXHealthcare1.670.91-0.075.5%

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7ASX:VCXVicinity CentresASXReal Estate1.710.560.6952.4%

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8ASX:SGPStocklandASXReal Estate1.375.520.5720.3%

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9ASX:GPTThe GPT GroupASXReal Estate1.250.330.6363.8%

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10ASX:CSCCapstone Copper Corp.ASXBasic Materials1.590.790.4815.9%

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11ASX:MGRMirvac GroupASXReal Estate1.301.280.6319.9%

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12ASX:TPGTPG Telecom LimitedASXCommunication Services0.380.46-0.047.7%

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13ASX:NXTNEXTDC LimitedASXTechnology1.101.860.59-7.3%

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14ASX:DXSDexusASXReal Estate1.080.340.6431.4%

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15ASX:CWYCleanaway Waste Management LimitedASXIndustrials1.630.85-0.126.6%

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16ASX:AZJAurizon Holdings LimitedASXIndustrials1.181.080.3221.3%

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17ASX:EDVEndeavour Group LimitedASXConsumer Defensive1.560.86-0.083.5%

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18ASX:AGLAGL Energy LimitedASXUtilities1.451.070.1610.5%

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19ASX:WHCWhitehaven Coal LimitedASXEnergy1.741.340.509.6%

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20ASX:ALXAtlas Arteria LimitedASXIndustrials1.502.170.67-4.7%

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21ASX:WORWorley LimitedASXIndustrials1.761.04-0.124.1%

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22ASX:TWETreasury Wine Estates LimitedASXConsumer Defensive1.611.810.4316.7%

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23ASX:DBIDalrymple Bay Infrastructure LimitedASXIndustrials1.171.73-10.2030.3%

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24ASX:RGNRegion GroupASXReal Estate1.370.170.6245.2%

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25ASX:FLTFlight Centre Travel Group LimitedASXConsumer Cyclical1.071.09-0.057.0%

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26ASX:EVTEVT LimitedASXCommunication Services1.540.540.269.2%

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27ASX:NICNickel Industries LimitedASXBasic Materials1.221.850.467.5%

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28ASX:ILUIluka Resources LimitedASXBasic Materials1.403.510.49-8.5%

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29ASX:CLWCharter Hall Long WALE REITASXReal Estate1.090.580.6842.3%

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30ASX:HDNHomeCo Daily Needs REITASXReal Estate1.070.500.6270.4%

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31ASX:CQRCharter Hall Retail REITASXReal Estate0.960.310.6466.3%

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32ASX:VGNVirgin Australia Holdings LtdASXIndustrials1.000.76-0.0411.2%

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33ASX:INAIngenia Communities GroupASXReal Estate1.280.170.5729.4%

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34ASX:TAHTabcorp Holdings LimitedASXConsumer Cyclical1.220.62-1.508.7%

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35ASX:BPTBeach Energy LimitedASXEnergy1.491.360.6020.6%

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36ASX:ORAOrora LimitedASXConsumer Cyclical1.701.920.3510.4%

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37ASX:CIPCenturia Industrial REITASXReal Estate1.080.060.6359.0%

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38ASX:ASBAustal LimitedASXIndustrials1.381.230.39-7.2%

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39ASX:LLCLendlease GroupASXReal Estate0.672.600.32-0.3%

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40ASX:GOZGrowthpoint Properties AustraliaASXReal Estate0.720.240.5269.6%

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41ASX:WPRWaypoint REITASXReal Estate1.450.360.6690.0%

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42ASX:SKGStorage King GroupASXReal Estate1.411.750.6449.5%

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43ASX:REGRegis Healthcare LimitedASXHealthcare-0.270.08-0.363.8%

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44ASX:WEBWebbeds Group LimitedASXConsumer Cyclical0.990.89-0.1225.2%

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45ASX:MGHMAAS Group Holdings LimitedASXIndustrials1.011.250.317.5%

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46ASX:HMCHMC Capital LimitedASXReal Estate0.1148.690.7327.1%

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47ASX:MMSMcMillan Shakespeare LimitedASXIndustrials1.421.170.0330.6%

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48ASX:CBOCobram Estate Olives LimitedASXConsumer Defensive1.423.190.35-5.3%

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49ASX:NECNine Entertainment Co. Holdings LimitedASXCommunication Services0.941.39-0.079.5%

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50ASX:NUFNufarm LimitedASXBasic Materials1.351.830.202.3%

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This is the top of the list. The rest is a page away and no plan is needed for it.

Filed figures cite the filing they come from; figures marked Market data are quotes as of the date shown. Not a recommendation and not advice.

Past figures are not a forecast. Anything we modelled is labelled as ours. You can lose money on any security.

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