BNB Standard Corporation

BNC Industrials Farm & Heavy Construction Machinery

BNB Standard Corporation’s revenue for fiscal 2026 (year ended April 2026) was $29.3 million, up 4.80% from fiscal 2025.

Revenue
−4.57%
EPS
+84.1%
Free cash flow
−223.9%
Total debt
+989.6%

Quarter to July 2026, against a year earlier

4.84 0.27 +5.91%
Market cap
$222.9M
P/E
2.2×
Fwd P/E
−1.0×
Dividend yield
—
F-score
n/a
Altman Z
1.42
Beneish M
n/a
Dividend safety
n/a

BNB Standard Corporation (BNC) Altman Z-score

Alert me on Altman Z-score

BNB Standard Corporation's Altman Z-score for fiscal 2026 is 1.42, in the distress zone (below 1.81).

Altman Z-score, annual

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Annual newest first

Period Altman Z-score Change (points)
FY2026 1.42 (2.69)
FY2025 4.10 6.13
FY2024 −2.02 (0.84)
FY2023 −1.18 0.04
FY2022 −1.22 4.64
FY2021 −5.86 1.73
FY2020 −7.58 (3.14)
FY2019 −4.44 6.87
FY2018 −11.32 (12.15)
FY2017 0.83 5.17

How fiscal 2026’s score is made up

Component This year Year before Result Points
Working capital / total assets 0.00 — 0.01
Retained earnings / total assets 0.22 — 0.30
EBIT / total assets (0.47) — −1.56
Market value of equity / total liabilities 4.30 — 2.58
Sales / total assets 0.09 — 0.09
Altman Z-score Distress zone 1.42
Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) Safe zone 7.24

Z and Z″ put BNB Standard Corporation in different zones: distress zone by Z, safe zone by Z″.

How the Altman Z-score works

Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.

Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.

Zone Z Z″
Safe zoneabove 2.99above 2.60
Grey zone1.81–2.991.10–2.60
Distress zonebelow 1.81below 1.10

Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.

Altman Z-score against peers

What Altman Z-score is

The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.

1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets

The full definition of Altman Z-score →

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