Arcbest Corp Stock Z Score

ARCB Stock

USD 137.00 8.95 6.13%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out ArcBest Corp Piotroski F Score and ArcBest Corp Valuation analysis.

For information on how to trade ArcBest Stock refer to our How to Trade ArcBest Stock guide.

At present, ArcBest Corp's Net Working Capital is projected to increase significantly based on the last few years of reporting. The current year's Capital Stock is expected to grow to about 322.1 K, whereas Capital Surpluse is forecasted to decline to about 345.6 M. At present, ArcBest Corp's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Gross Profit is expected to grow to about 4.6 B, whereas Depreciation And Amortization is forecasted to decline to about 76 M.

ArcBest Corp Company Z Score Analysis

ArcBest Corp's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

ArcBest Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for ArcBest Corp is extremely important. It helps to project a fair market value of ArcBest Stock properly, considering its historical fundamentals such as Z Score. Since ArcBest Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ArcBest Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ArcBest Corp's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Common Stock	Long Term Debt	Treasury Stock	Property Plant Equipment	Current Deferred Revenue	Short Term Investments	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Accumulated Depreciation	Short Long Term Debt	Long Term Investments	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.99	0.52	0.98	0.9	0.78	0.8	0.78	0.92	0.26	0.82	0.69	0.33	-0.8	0.83	-0.25	0.28	0.73	0.68	0.86	0.48	-0.95	0.77	0.78	0.91	0.54	0.76
Total Stockholder Equity	0.99		0.39	0.98	0.85	0.72	0.75	0.76	0.89	0.15	0.75	0.75	0.25	-0.81	0.78	-0.18	0.18	0.7	0.67	0.87	0.48	-0.92	0.74	0.73	0.88	0.53	0.76
Net Debt	0.52	0.39		0.47	0.61	0.56	0.6	0.33	0.58	0.72	0.76	-0.03	0.57	-0.28	0.59	-0.51	0.66	0.49	0.43	0.41	0.26	-0.59	0.54	0.58	0.59	0.25	0.4
Retained Earnings	0.98	0.98	0.47		0.83	0.68	0.71	0.68	0.9	0.22	0.84	0.61	0.18	-0.68	0.75	-0.16	0.22	0.73	0.56	0.86	0.41	-0.87	0.69	0.69	0.93	0.49	0.84
Accounts Payable	0.9	0.85	0.61	0.83		0.92	0.87	0.81	0.75	0.48	0.82	0.64	0.34	-0.76	0.82	-0.28	0.32	0.59	0.58	0.65	0.45	-0.93	0.67	0.72	0.8	0.31	0.57
Net Receivables	0.78	0.72	0.56	0.68	0.92		0.96	0.91	0.62	0.55	0.68	0.68	0.45	-0.76	0.9	-0.29	0.34	0.62	0.61	0.63	0.49	-0.84	0.64	0.76	0.73	0.25	0.26
Total Liab	0.8	0.75	0.6	0.71	0.87	0.96		0.94	0.71	0.5	0.67	0.66	0.56	-0.78	0.97	-0.32	0.44	0.78	0.71	0.76	0.48	-0.86	0.73	0.85	0.81	0.43	0.27
Total Current Assets	0.78	0.76	0.33	0.68	0.81	0.91	0.94		0.65	0.26	0.48	0.81	0.48	-0.86	0.91	-0.17	0.33	0.75	0.72	0.75	0.51	-0.82	0.7	0.8	0.73	0.5	0.2
Short Term Debt	0.92	0.89	0.58	0.9	0.75	0.62	0.71	0.65		0.18	0.74	0.54	0.37	-0.7	0.77	-0.25	0.29	0.79	0.65	0.87	0.48	-0.87	0.8	0.75	0.88	0.66	0.75
Intangible Assets	0.26	0.15	0.72	0.22	0.48	0.55	0.5	0.26	0.18		0.64	-0.08	0.29	-0.01	0.4	-0.68	0.37	0.21	0.13	0.19	0.16	-0.34	0.18	0.26	0.36	-0.18	0.09
Good Will	0.82	0.75	0.76	0.84	0.82	0.68	0.67	0.48	0.74	0.64		0.24	0.17	-0.38	0.66	-0.36	0.36	0.58	0.36	0.64	0.3	-0.75	0.53	0.57	0.85	0.2	0.77
Common Stock	0.69	0.75	-0.03	0.61	0.64	0.68	0.66	0.81	0.54	-0.08	0.24		0.27	-0.91	0.67	-0.07	-0.12	0.4	0.67	0.63	0.47	-0.71	0.6	0.56	0.47	0.33	0.23
Long Term Debt	0.33	0.25	0.57	0.18	0.34	0.45	0.56	0.48	0.37	0.29	0.17	0.27		-0.57	0.58	-0.56	0.61	0.42	0.84	0.46	0.37	-0.54	0.71	0.68	0.25	0.52	-0.09
Treasury Stock	-0.8	-0.81	-0.28	-0.68	-0.76	-0.76	-0.78	-0.86	-0.7	-0.01	-0.38	-0.91	-0.57		-0.8	0.2	-0.15	-0.54	-0.86	-0.72	-0.56	0.88	-0.8	-0.79	-0.58	-0.53	-0.32
Property Plant Equipment	0.83	0.78	0.59	0.75	0.82	0.9	0.97	0.91	0.77	0.4	0.66	0.67	0.58	-0.8		-0.27	0.36	0.82	0.78	0.85	0.51	-0.86	0.78	0.91	0.82	0.46	0.33
Current Deferred Revenue	-0.25	-0.18	-0.51	-0.16	-0.28	-0.29	-0.32	-0.17	-0.25	-0.68	-0.36	-0.07	-0.56	0.2	-0.27		-0.3	-0.14	-0.45	-0.32	-0.3	0.4	-0.35	-0.28	-0.19	-0.18	-0.09
Short Term Investments	0.28	0.18	0.66	0.22	0.32	0.34	0.44	0.33	0.29	0.37	0.36	-0.12	0.61	-0.15	0.36	-0.3		0.53	0.38	0.26	0.15	-0.36	0.38	0.47	0.44	0.56	0.1
Net Tangible Assets	0.73	0.7	0.49	0.73	0.59	0.62	0.78	0.75	0.79	0.21	0.58	0.4	0.42	-0.54	0.82	-0.14	0.53		0.59	0.86	0.4	-0.68	0.67	0.8	0.89	0.73	0.42
Long Term Debt Total	0.68	0.67	0.43	0.56	0.58	0.61	0.71	0.72	0.65	0.13	0.36	0.67	0.84	-0.86	0.78	-0.45	0.38	0.59		0.78	0.54	-0.8	0.89	0.81	0.52	0.62	0.23
Capital Surpluse	0.86	0.87	0.41	0.86	0.65	0.63	0.76	0.75	0.87	0.19	0.64	0.63	0.46	-0.72	0.85	-0.32	0.26	0.86	0.78		0.52	-0.82	0.82	0.8	0.85	0.64	0.56
Deferred Long Term Liab	0.48	0.48	0.26	0.41	0.45	0.49	0.48	0.51	0.48	0.16	0.3	0.47	0.37	-0.56	0.51	-0.3	0.15	0.4	0.54	0.52		-0.55	0.58	0.5	0.39	0.34	0.19
Accumulated Depreciation	-0.95	-0.92	-0.59	-0.87	-0.93	-0.84	-0.86	-0.82	-0.87	-0.34	-0.75	-0.71	-0.54	0.88	-0.86	0.4	-0.36	-0.68	-0.8	-0.82	-0.55		-0.84	-0.85	-0.82	-0.56	-0.61
Short Long Term Debt	0.77	0.74	0.54	0.69	0.67	0.64	0.73	0.7	0.8	0.18	0.53	0.6	0.71	-0.8	0.78	-0.35	0.38	0.67	0.89	0.82	0.58	-0.84		0.75	0.64	0.6	0.42
Long Term Investments	0.78	0.73	0.58	0.69	0.72	0.76	0.85	0.8	0.75	0.26	0.57	0.56	0.68	-0.79	0.91	-0.28	0.47	0.8	0.81	0.8	0.5	-0.85	0.75		0.76	0.65	0.36
Net Invested Capital	0.91	0.88	0.59	0.93	0.8	0.73	0.81	0.73	0.88	0.36	0.85	0.47	0.25	-0.58	0.82	-0.19	0.44	0.89	0.52	0.85	0.39	-0.82	0.64	0.76		0.57	0.71
Net Working Capital	0.54	0.53	0.25	0.49	0.31	0.25	0.43	0.5	0.66	-0.18	0.2	0.33	0.52	-0.53	0.46	-0.18	0.56	0.73	0.62	0.64	0.34	-0.56	0.6	0.65	0.57		0.36
Capital Stock	0.76	0.76	0.4	0.84	0.57	0.26	0.27	0.2	0.75	0.09	0.77	0.23	-0.09	-0.32	0.33	-0.09	0.1	0.42	0.23	0.56	0.19	-0.61	0.42	0.36	0.71	0.36

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict ArcBest Corp

In accordance with the company's disclosures, ArcBest Corp has a Z Score of 0.0. This is 100.0% lower than that of the Ground Transportation sector and 100.0% lower than that of the Industrials industry. The z score for all United States stocks is 100.0% higher than that of the company.

ArcBest Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of ArcBest Corp from analyzing ArcBest Corp's financial statements. These drivers represent accounts that assess ArcBest Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ArcBest Corp's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	704.8M	1.1B	3.1B	1.7B	2.9B	3.0B
Enterprise Value	898.9M	1.2B	3.3B	2.0B	3.1B	3.2B

ArcBest Corp Institutional Holders

Institutional Holdings refers to the ownership stake in ArcBest Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of ArcBest Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing ArcBest Corp's value.

		Shares
American Century Companies Inc	2023-12-31	441.3 K
Macquarie Group Ltd	2023-12-31	437.9 K
Goldman Sachs Group Inc	2023-12-31	434.2 K
Arrowstreet Capital Limited Partnership	2023-12-31	399.4 K
Nuveen Asset Management, Llc	2023-12-31	397.6 K
Ameriprise Financial Inc	2023-12-31	362.9 K
Jacobs Levy Equity Management, Inc.	2023-09-30	362.3 K
Charles Schwab Investment Management Inc	2023-12-31	361 K
Victory Capital Management Inc.	2023-12-31	322.6 K
Blackrock Inc	2023-12-31	3.8 M
Vanguard Group Inc	2023-12-31	2.6 M

ArcBest Fundamentals

	Return On Equity	0.12
	Return On Asset	0.0488
	Profit Margin	0.04 %
	Operating Margin	0.08 %
	Current Valuation	3.33 B
	Shares Outstanding	23.5 M
	Shares Owned By Insiders	1.20 %
	Shares Owned By Institutions	98.80 %
	Number Of Shares Shorted	1.32 M
	Price To Earning	6.17 X
	Price To Book	2.82 X
	Price To Sales	0.79 X
	Revenue	4.43 B
	Gross Profit	554.65 M
	EBITDA	172.62 M
	Net Income	142.16 M
	Cash And Equivalents	203.86 M
	Cash Per Share	8.31 X
	Total Debt	437.73 M
	Debt To Equity	0.33 %
	Current Ratio	1.25 X
	Book Value Per Share	52.72 X
	Cash Flow From Operations	322.17 M
	Short Ratio	3.66 X
	Earnings Per Share	5.77 X
	Price To Earnings To Growth	3.00 X
	Target Price	162.82
	Number Of Employees	15 K
	Beta	1.51
	Market Capitalization	3.22 B
	Total Asset	2.49 B
	Retained Earnings	1.27 B
	Working Capital	183.22 M
	Current Asset	552.08 M
	Current Liabilities	364.6 M
	Annual Yield	0 %
	Five Year Return	0.82 %
	Net Asset	2.49 B
	Last Dividend Paid	0.48

About ArcBest Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ArcBest Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ArcBest Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ArcBest Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

ArcBest Corp Investors Sentiment

The influence of ArcBest Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in ArcBest. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to ArcBest Corp's public news can be used to forecast risks associated with an investment in ArcBest. The trend in average sentiment can be used to explain how an investor holding ArcBest can time the market purely based on public headlines and social activities around ArcBest Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

ArcBest Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for ArcBest Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average ArcBest Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on ArcBest Corp.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards ArcBest Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, ArcBest Corp's short interest history, or implied volatility extrapolated from ArcBest Corp options trading.

Pair Trading with ArcBest Corp

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ArcBest Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ArcBest Corp will appreciate offsetting losses from the drop in the long position's value.

Moving against ArcBest Stock

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0.53	HA	Hawaiian Holdings	Pair Corr
0.47	SRFM	Surf Air Mobility	Pair Corr
0.46	AZUL	Azul SA Financial Report 20th of May 2024	Pair Corr
0.43	ALGT	Allegiant Travel Earnings Call This Week	Pair Corr

The ability to find closely correlated positions to ArcBest Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ArcBest Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ArcBest Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ArcBest Corp to buy it.

The correlation of ArcBest Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ArcBest Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ArcBest Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for ArcBest Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether ArcBest Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ArcBest Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Arcbest Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Arcbest Corp Stock:

How To Invest In ArcBest

Details

Is ArcBest Stock a good investment?

Details

What is ArcBest Corp's Net Worth?

Details

Largest Ground Transportation Companies

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Largest Transportation Companies

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Check out ArcBest Corp Piotroski F Score and ArcBest Corp Valuation analysis.

For information on how to trade ArcBest Stock refer to our How to Trade ArcBest Stock guide.

Note that the ArcBest Corp information on this page should be used as a complementary analysis to other ArcBest Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for ArcBest Stock analysis

When running ArcBest Corp's price analysis, check to measure ArcBest Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ArcBest Corp is operating at the current time. Most of ArcBest Corp's value examination focuses on studying past and present price action to predict the probability of ArcBest Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ArcBest Corp's price. Additionally, you may evaluate how the addition of ArcBest Corp to your portfolios can decrease your overall portfolio volatility.

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Is ArcBest Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ArcBest Corp. If investors know ArcBest will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ArcBest Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.354

Dividend Share

0.48

Earnings Share

5.77

Revenue Per Share

184.332

Quarterly Revenue Growth

(0.06)

The market value of ArcBest Corp is measured differently than its book value, which is the value of ArcBest that is recorded on the company's balance sheet. Investors also form their own opinion of ArcBest Corp's value that differs from its market value or its book value, called intrinsic value, which is ArcBest Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ArcBest Corp's market value can be influenced by many factors that don't directly affect ArcBest Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between ArcBest Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if ArcBest Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ArcBest Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Arcbest Corp Stock Z Score

ArcBest Corp Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

ArcBest Z Score Driver Correlations

ArcBest Corp Current Valuation Drivers

ArcBest Corp Institutional Holders

ArcBest Fundamentals

About ArcBest Corp Fundamental Analysis

ArcBest Corp Investors Sentiment

Pair Trading with ArcBest Corp

Moving against ArcBest Stock

Complementary Tools for ArcBest Stock analysis

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