artec technologies AGFRA:A6T 82 Altman Z2-Score is 1.37 as of Jul. 12, 2026, which is 38% below its 10-year median of 2.20. GuruFocus rates FRA:A6T with a GF Score™ of 82/100 and a GF Value™ of €2.35 (Fairly Valued). The stock has 1 warning sign investors should review. Among 2,482 Hardware companies, artec technologies AG ranks worse than 77.84% 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.
artec technologies AG has a Altman Z2-Score of 1.37, indicating it is in Grey Zones. This implies that artec technologies AG is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.
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 artec technologies AG's Altman Z2-Score or its related term are showing as below:
FRA:A6T'
s Altman Z2-Score Range Over the Past 10 Years
Min: -1.16 Med: 2.2 Max: 23.59
Current: 1.37
During the past 13 years, artec technologies AG's highest Altman Z2-Score was 23.59. The lowest was -1.16. And the median was 2.20.
artec technologies AG (FRA:A6T) 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.
artec technologies AG Altman Z2-Score Related Terms
artec technologies AG Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for artec technologies AG'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.
For the Consumer Electronics subindustry, artec technologies AG'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.
artec technologies AG Altman Z2-Score vs Hardware Industry
For the Hardware industry and Technology sector, artec technologies AG's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where artec technologies AG'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.
* 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.
artec technologies AG (FRA:A6T) has a Altman Z2-Score of 1.37 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 artec technologies AG and its competitors. This is 38% below median its historical median of 2.20. According to the industry distribution chart, artec technologies AG ranks #1932 out of 2482 companies in the Hardware industry, placing it in the top 77.8%.
Is artec technologies AG's Altman Z2-Score too high?
artec technologies AG's current Altman Z2-Score of 1.37 is 38% below median its 10-year median of 2.20. The Hardware industry median Altman Z2-Score is 4.09. artec technologies AG's value of 1.37 is 66.5% below this industry median. Based on the distribution chart, artec technologies AG ranks #1932 out of 2482 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, artec technologies AG has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does artec technologies AG's Altman Z2-Score compare to AAPL?
According to the Hardware industry distribution chart, artec technologies AG ranks #1932 out of 2482 companies for Altman Z2-Score. This places artec technologies AG in the lower half of its industry. The industry median Altman Z2-Score is 4.09. artec technologies AG's value of 1.37 is 66.5% below this benchmark. While the company's 10-year median is 2.20 vs. the industry median of 4.09, artec technologies AG 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 Hardware company?
The median Altman Z2-Score among Hardware companies is 4.09, based on 2,482 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. artec technologies AG's current Altman Z2-Score of 1.37 is 66.5% 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 artec technologies AG and its competitors. For the Hardware industry, the median Altman Z2-Score is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. artec technologies AG's current Altman Z2-Score is 1.37, which is 38% below median its own 10-year median of 2.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is artec technologies AG stock overvalued right now?
Based on GuruFocus' analysis, artec technologies AG (FRA:A6T) is currently considered Fairly Valued. The stock's GF Value™ is €2.35, compared to a current price of €2.15 — trading 8.5% below its estimated fair value. The current Altman Z2-Score is 1.37, which is 38% below median its 10-year median of 2.20 and 66.5% below the Hardware industry median of 4.09. artec technologies AG's overall GF Score™ is 82/100 with 1 warning sign 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 artec technologies AG (FRA:A6T), the current Altman Z2-Score is 1.37 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 artec technologies AG (FRA:A6T) Overvalued in 2026?
Based on GuruFocus' analysis, artec technologies AG stock appears to be undervalued.
The current stock price of €2.15 is trading 8.5% below its estimated GF Value™ of €2.35.
GuruFocus considers artec technologies AG to be Fairly Valued.
Key valuation signals for FRA:A6T:
Altman Z2-Score: 1.37 (38% below median its 10-year median of 2.20)
GF Value™: €2.35 vs. price of €2.15 (8.5% below fair value)
Industry Position: 66.5% below the Hardware median (#1932 of 2482)
No single metric tells the full story. See the FRA:A6T stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
artec technologies AG develops and produces products and system solutions for the transmission, recording, and playback of video, TV, and metadata through network and internet. The company offers products and solutions such as Multieye, it is used for simple and complex video surveillance and security systems, and Xentaurix is used for the transmission, recording, and playback of TV, video and radio broadcasts through networks and internet such as proof of broadcasting and broadcasting as online VCR.
82GF Score
Get the complete analysis for FRA:A6T
Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:A6T has been successfully added to your 
