Fox Corporation FOX
- Market cap
- $24.4B
- P/E
- 14.3×
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Fox Corporation (FOX) Altman Z-score
Fox Corporation's Altman Z-score for fiscal 2026 is 2.99, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 2.99 | 0.00 |
| FY2025 | 2.99 | 0.71 |
| FY2024 | 2.28 | (0.04) |
| FY2023 | 2.32 | (0.10) |
| FY2022 | 2.42 | (0.02) |
| FY2021 | 2.44 | 0.30 |
| FY2020 | 2.14 | (0.60) |
| FY2019 | 2.74 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.26 | — | 0.31 | |
| Retained earnings / total assets | 0.20 | — | 0.28 | |
| EBIT / total assets | 0.16 | — | 0.51 | |
| Market value of equity / total liabilities | 1.88 | — | 1.13 | |
| Sales / total assets | 0.76 | — | 0.76 | |
| Altman Z-score | Grey zone | 2.99 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.52 | ||
Z and Z″ put Fox Corporation in different zones: grey 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 zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 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
| Company | Altman Z-score |
|---|---|
| ROKU Roku, Inc. compare | 6.6× |
| FOXA Fox Corporation compare | 3.1× |
| FOX Fox Corporation | 3.0× |
| NWS News Corporation compare | 2.4× |
| NWSA News Corporation compare | 2.2× |
| LYV Live Nation Entertainment, Inc. compare | 2.1× |
| TKO TKO Group Holdings, Inc. compare | 2.1× |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | — |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | — |
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
More on FOX
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement