Cloetta ABFRA:0CL +0.09%70 Altman Z2-Score is 2.80 as of Jun. 30, 2026, which is 75% above its 10-year median of 1.60. GuruFocus rates FRA:0CL with a GF Score™ of 70/100 and a GF Value™ of €2.28 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,965 Consumer Packaged Goods companies, Cloetta AB ranks worse than 60.1% 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:
Cloetta AB has a Altman Z2-Score of 2.80, 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 Cloetta AB's Altman Z2-Score or its related term are showing as below:
FRA:0CL'
s Altman Z2-Score Range Over the Past 10 Years
Min: -0.59 Med: 1.6 Max: 2.81
Current: 2.81
During the past 13 years, Cloetta AB's highest Altman Z2-Score was 2.81. The lowest was -0.59. And the median was 1.60.
Cloetta AB (FRA:0CL) 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.
Altman Z2-Score does not apply to financial companies.
Cloetta AB Altman Z2-Score Related Terms
Cloetta AB Altman Z2-Score Historical Data
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The historical data trend for Cloetta AB's Altman Z2-Score can be seen below:
* 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.
FRA:0CL vs MDLZ, HSY, TR: Altman Z2-Score Comparison
For the Confectioners subindustry, Cloetta AB'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.
Cloetta AB Altman Z2-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Cloetta AB's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Cloetta AB's Altman Z2-Score falls into.
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.
Cloetta AB's Altman Z2-Score for today is calculated with this formula:
Z
=
6.56
*
X1
+
3.26
*
X2
+
6.72
*
X3
+
1.05
*
X4_2
=
6.56
*
0.1309
+
3.26
*
0
+
6.72
*
0.0949
+
1.05
*
1.2402
=
2.80
* 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.
Cloetta AB (FRA:0CL) has a Altman Z2-Score of 2.80 as of Jun. 30, 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 Cloetta AB and its competitors. This is 75% above median its historical median of 1.60. According to the industry distribution chart, Cloetta AB ranks #1181 out of 1965 companies in the Consumer Packaged Goods industry, placing it in the top 60.1%.
Is Cloetta AB's Altman Z2-Score too high?
Cloetta AB's current Altman Z2-Score of 2.80 is 75% above median its 10-year median of 1.60. The Consumer Packaged Goods industry median Altman Z2-Score is 3.72. Cloetta AB's value of 2.80 is 24.7% below this industry median. Based on the distribution chart, Cloetta AB ranks #1181 out of 1965 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Cloetta AB has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cloetta AB's Altman Z2-Score compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Cloetta AB ranks #1181 out of 1965 companies for Altman Z2-Score. This places Cloetta AB in the lower half of its industry. The industry median Altman Z2-Score is 3.72. Cloetta AB's value of 2.80 is 24.7% below this benchmark. While the company's 10-year median is 1.60 vs. the industry median of 3.72, Cloetta AB has consistently been below 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 Consumer Packaged Goods company?
The median Altman Z2-Score among Consumer Packaged Goods companies is 3.72, based on 1,965 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. Cloetta AB's current Altman Z2-Score of 2.80 is 24.7% below 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 Cloetta AB and its competitors. For the Consumer Packaged Goods industry, the median Altman Z2-Score is 3.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cloetta AB's current Altman Z2-Score is 2.80, which is 75% above median its own 10-year median of 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cloetta AB stock overvalued right now?
Based on GuruFocus' analysis, Cloetta AB (FRA:0CL) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.28, compared to a current price of €4.47 — trading 96.1% above its estimated fair value. The current Altman Z2-Score is 2.80, which is 75% above median its 10-year median of 1.60 and 24.7% below the Consumer Packaged Goods industry median of 3.72. Cloetta AB's overall GF Score™ is 70/100 with 5 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 Cloetta AB (FRA:0CL), the current Altman Z2-Score is 2.80 as of Jun. 30, 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 Cloetta AB (FRA:0CL) Overvalued in 2026?
Based on GuruFocus' analysis, Cloetta AB stock appears to be overvalued.
The current stock price of €4.47 is trading 96.1% above its estimated GF Value™ of €2.28.
GuruFocus considers Cloetta AB to be Significantly Overvalued.
Key valuation signals for FRA:0CL:
Altman Z2-Score: 2.80 (75% above median its 10-year median of 1.60)
GF Value™: €2.28 vs. price of €4.47 (96.1% above fair value)
Industry Position: 24.7% below the Consumer Packaged Goods median (#1181 of 1965)
No single metric tells the full story. See the FRA:0CL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cloetta AB is a Northern Europe's confectionery company, with products sold in more than 60 countries through its own brands. The assortment mainly comprises candy, chocolate, pastilles and chewing gum. The company's brands include Red Band, Malaco, Kexchoklad, CandyKing, Ahlgrens Bilar, Gott & Blandat, Lakerol, Mynthon, Tupla and Juleskum. The Core markets of the company are Sweden, Finland, Denmark, Norway and the Netherlands. The company has six production units in five countries and is headquartered in Stockholm, Sweden.
70GF Score
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