Fox Corporation FOXA

62.28 1.00 1.63% as of 2 Oct
Market cap
$24.3B
P/E
16.3×
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Fox Corporation (FOXA) Altman Z-score

Fox Corporation's Altman Z-score for fiscal 2026 is 3.12, in the safe zone (above 2.99).

Altman Z-score, annual

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Annual

Period Altman Z-score Change (points)
FY2026 3.12 0.02
FY2025 3.09 0.75
FY2024 2.34 (0.04)
FY2023 2.38 (0.12)
FY2022 2.50 0.00
FY2021 2.50 0.36
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 2.09 — 1.25
Sales / total assets 0.76 — 0.76
Altman Z-score Safe zone 3.12
Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) Safe zone 4.52

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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