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Innovative Solutions and SupportFRA:IOE -0.13%76 Altman Z2-Score is 4.92 as of Jul. 17, 2026, which is 65% below its 10-year median of 14.22. GuruFocus rates FRA:IOE with a GF Score™ of 76/100 and a GF Value™ of €15.04 (Fairly Valued). The stock has 3 warning signs investors should review. Among 346 Aerospace & Defense companies, Innovative Solutions and Support ranks better than 68.5% 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:
Innovative Solutions and Support has a Altman Z2-Score of 4.92, 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 Innovative Solutions and Support's Altman Z2-Score or its related term are showing as below:
FRA:IOE'
s Altman Z2-Score Range Over the Past 10 Years
Min: 4.16 Med: 14.22 Max: 21.7
Current: 4.93
During the past 13 years, Innovative Solutions and Support's highest Altman Z2-Score was 21.70. The lowest was 4.16. And the median was 14.22.
Innovative Solutions and Support (FRA:IOE) 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.
Innovative Solutions and Support Altman Z2-Score Chart
FRA:IOE vs SPCE, BUKS, POWW: Altman Z2-Score Comparison
For the Aerospace & Defense subindustry, Innovative Solutions and Support'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.
Innovative Solutions and Support Altman Z2-Score vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Innovative Solutions and Support's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Innovative Solutions and Support's Altman Z2-Score falls into.
Innovative Solutions and Support 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.
Innovative Solutions and Support (FRA:IOE) has a Altman Z2-Score of 4.92 as of Jul. 17, 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 Innovative Solutions and Support and its competitors. This is 65% below median its historical median of 14.22. Over the past decade, Innovative Solutions and Support's Altman Z2-Score has ranged from 4.16 to 21.70. According to the industry distribution chart, Innovative Solutions and Support ranks #109 out of 346 companies in the Aerospace & Defense industry, placing it in the top 31.5%.
Is Innovative Solutions and Support's Altman Z2-Score too high?
Innovative Solutions and Support's current Altman Z2-Score of 4.92 is 65% below median its 10-year median of 14.22. Over the past 10 years, this metric has ranged from a low of 4.16 to a high of 21.70. The Aerospace & Defense industry median Altman Z2-Score is 3.20. Innovative Solutions and Support's value of 4.92 is 53.8% above this industry median. Based on the distribution chart, Innovative Solutions and Support ranks #109 out of 346 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Innovative Solutions and Support has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Innovative Solutions and Support's Altman Z2-Score compare to SPCE and BUKS?
According to the Aerospace & Defense industry distribution chart, Innovative Solutions and Support ranks #109 out of 346 companies for Altman Z2-Score. This puts Innovative Solutions and Support in the upper half of its industry. The industry median Altman Z2-Score is 3.20. Innovative Solutions and Support's value of 4.92 is 53.8% above this benchmark. Historically, Innovative Solutions and Support's own Altman Z2-Score has ranged from 4.16 to 21.70 over the past decade. While the company's 10-year median is 14.22 vs. the industry median of 3.20, Innovative Solutions and Support 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 an Aerospace & Defense company?
The median Altman Z2-Score among Aerospace & Defense companies is 3.20, based on 346 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. Innovative Solutions and Support's current Altman Z2-Score of 4.92 is 53.8% 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 Innovative Solutions and Support and its competitors. For the Aerospace & Defense industry, the median Altman Z2-Score is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative Solutions and Support's current Altman Z2-Score is 4.92, which is 65% below median its own 10-year median of 14.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovative Solutions and Support stock overvalued right now?
Based on GuruFocus' analysis, Innovative Solutions and Support (FRA:IOE) is currently considered Fairly Valued. The stock's GF Value™ is €15.04, compared to a current price of €15.96 — trading 6.1% above its estimated fair value. The current Altman Z2-Score is 4.92, which is 65% below median its 10-year median of 14.22 and 53.8% above the Aerospace & Defense industry median of 3.20. Innovative Solutions and Support's overall GF Score™ is 76/100 with 3 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 Innovative Solutions and Support (FRA:IOE), the current Altman Z2-Score is 4.92 as of Jul. 17, 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 Innovative Solutions and Support (FRA:IOE) Overvalued in 2026?
Based on GuruFocus' analysis, Innovative Solutions and Support stock appears to be overvalued.
The current stock price of €15.96 is trading 6.1% above its estimated GF Value™ of €15.04.
GuruFocus considers Innovative Solutions and Support to be Fairly Valued.
Key valuation signals for FRA:IOE:
Altman Z2-Score: 4.92 (65% below median its 10-year median of 14.22)
GF Value™: €15.04 vs. price of €15.96 (6.1% above fair value)
Industry Position: 53.8% above the Aerospace & Defense median (#109 of 346)
No single metric tells the full story. See the FRA:IOE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innovative Solutions and Support Business Description
Innovative Solutions and Support Inc is a systems integrator that designs, manufactures, sells, and services air data equipment, engine display systems, standby equipment, primary flight guidance, and cockpit display systems for retrofit applications and original equipment manufacturers. The company supplies integrated Flight Management Systems, Flat Panel Display Systems, Integrated Standby Units, Positioning System receivers that enable reduced carbon footprint navigation, and an Autothrottle, which allows a pilot to automatically control the power setting of the engine and is designed to reduce pilot workload and enhance safety. It sells its products to both the OEM and the retrofit markets.
76GF Score
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