Voith Paper Fabrics IndiaBOM:522122 +2.90%88 Altman Z2-Score is 14.14 as of Jul. 12, 2026, which is 18% below its 10-year median of 17.15. GuruFocus rates BOM:522122 with a GF Score™ of 88/100 and a GF Value™ of ₹2,145.12 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 281 Forest Products companies, Voith Paper Fabrics India ranks better than 95.37% on this metric.
Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
Good Sign:
Voith Paper Fabrics India has a Altman Z2-Score of 14.14, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The historical rank and industry rank for Voith Paper Fabrics India's Altman Z2-Score or its related term are showing as below:
BOM:522122'
s Altman Z2-Score Range Over the Past 10 Years
Min: 14.14 Med: 17.15 Max: 18.91
Current: 14.14
During the past 13 years, Voith Paper Fabrics India's highest Altman Z2-Score was 18.91. The lowest was 14.14. And the median was 17.15.
Voith Paper Fabrics India (BOM:522122) Altman Z2-Score Explanation
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Voith Paper Fabrics India Altman Z2-Score Competitor Comparison
For the Paper & Paper Products subindustry, Voith Paper Fabrics India's Altman Z2-Score, along with its competitors' market caps and Altman Z2-Score data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Voith Paper Fabrics India Altman Z2-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Voith Paper Fabrics India's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Voith Paper Fabrics India's Altman Z2-Score falls into.
Voith Paper Fabrics India Altman Z2-Score Calculation
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency. GuruFocus does not calculate Altman Z2-Score when X4_2 value is 0.
Voith Paper Fabrics India (BOM:522122) has a Altman Z2-Score of 14.14 as of Jul. 12, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Voith Paper Fabrics India and its competitors. This is 18% below median its historical median of 17.15. Over the past decade, Voith Paper Fabrics India's Altman Z2-Score has ranged from 14.14 to 18.91. According to the industry distribution chart, Voith Paper Fabrics India ranks #13 out of 281 companies in the Forest Products industry, placing it in the top 4.6%.
Is Voith Paper Fabrics India's Altman Z2-Score too high?
Voith Paper Fabrics India's current Altman Z2-Score of 14.14 is 18% below median its 10-year median of 17.15. Over the past 10 years, this metric has ranged from a low of 14.14 to a high of 18.91. The Forest Products industry median Altman Z2-Score is 2.65. Voith Paper Fabrics India's value of 14.14 is 433.6% above this industry median. Based on the distribution chart, Voith Paper Fabrics India ranks #13 out of 281 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Voith Paper Fabrics India has a GF Score™ of 88/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Voith Paper Fabrics India's Altman Z2-Score compare to competitors?
According to the Forest Products industry distribution chart, Voith Paper Fabrics India ranks #13 out of 281 companies for Altman Z2-Score. This places Voith Paper Fabrics India in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.65. Voith Paper Fabrics India's value of 14.14 is 433.6% above this benchmark. Historically, Voith Paper Fabrics India's own Altman Z2-Score has ranged from 14.14 to 18.91 over the past decade. While the company's 10-year median is 17.15 vs. the industry median of 2.65, Voith Paper Fabrics India has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Altman Z2-Score for a Forest Products company?
The median Altman Z2-Score among Forest Products companies is 2.65, based on 281 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Voith Paper Fabrics India's current Altman Z2-Score of 14.14 is 433.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Altman Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Voith Paper Fabrics India and its competitors. For the Forest Products industry, the median Altman Z2-Score is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Voith Paper Fabrics India's current Altman Z2-Score is 14.14, which is 18% below median its own 10-year median of 17.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voith Paper Fabrics India stock overvalued right now?
Based on GuruFocus' analysis, Voith Paper Fabrics India (BOM:522122) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹2,145.12, compared to a current price of ₹1,490.65 — trading 30.5% below its estimated fair value. The current Altman Z2-Score is 14.14, which is 18% below median its 10-year median of 17.15 and 433.6% above the Forest Products industry median of 2.65. Voith Paper Fabrics India's overall GF Score™ is 88/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Voith Paper Fabrics India (BOM:522122), the current Altman Z2-Score is 14.14 as of Jul. 12, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Voith Paper Fabrics India (BOM:522122) Overvalued in 2026?
Based on GuruFocus' analysis, Voith Paper Fabrics India stock appears to be undervalued.
The current stock price of ₹1,490.65 is trading 30.5% below its estimated GF Value™ of ₹2,145.12.
GuruFocus considers Voith Paper Fabrics India to be Significantly Undervalued.
Key valuation signals for BOM:522122:
Altman Z2-Score: 14.14 (18% below median its 10-year median of 17.15)
GF Value™: ₹2,145.12 vs. price of ₹1,490.65 (30.5% below fair value)
Industry Position: 433.6% above the Forest Products median (#13 of 281)
No single metric tells the full story. See the BOM:522122 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Voith Paper Fabrics India Ltd manufactures various range of paper machine clothing. The company's products include Forming fabrics, Press Fabric, Dryer Fabric, Fiber Cement, and Roll Covers. Its primary business is supplying the paper industry with technologically sophisticated products called paper machine clothing. Paper machine clothing is used to produce all grades of paper from lightweight tissue to heavyweight containerboard. The company is located at one of the established industrial townships of northern India serving customers both in India and abroad.
88GF Score
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