PW Medtech GroupFRA:PWE +1.87%84 Altman Z2-Score is 15.11 as of Jul. 02, 2026, which is 8% below its 10-year median of 16.41. GuruFocus rates FRA:PWE with a GF Score™ of 84/100 and a GF Value™ of €0.13. The stock has 5 warning signs investors should review. Among 845 Medical Devices & Instruments companies, PW Medtech Group ranks better than 93.85% 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:
PW Medtech Group has a Altman Z2-Score of 15.11, 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 PW Medtech Group's Altman Z2-Score or its related term are showing as below:
FRA:PWE'
s Altman Z2-Score Range Over the Past 10 Years
Min: 7.85 Med: 16.41 Max: 39.5
Current: 15.11
During the past 13 years, PW Medtech Group's highest Altman Z2-Score was 39.50. The lowest was 7.85. And the median was 16.41.
PW Medtech Group (FRA:PWE) 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.
PW Medtech Group Altman Z2-Score Related Terms
PW Medtech Group Altman Z2-Score Historical Data
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The historical data trend for PW Medtech Group'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:PWE vs ISRG, BDX, MDLN: Altman Z2-Score Comparison
For the Medical Instruments & Supplies subindustry, PW Medtech Group'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.
PW Medtech Group Altman Z2-Score vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, PW Medtech Group's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where PW Medtech Group'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.
PW Medtech Group'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
*
0.4096
+
3.26
*
0.409
+
6.72
*
0.0317
+
1.05
*
10.3546
=
15.11
* 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.
PW Medtech Group (FRA:PWE) has a Altman Z2-Score of 15.11 as of Jul. 02, 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 PW Medtech Group and its competitors. This is near median its historical median of 16.41. Over the past decade, PW Medtech Group's Altman Z2-Score has ranged from 7.85 to 39.50. According to the industry distribution chart, PW Medtech Group ranks #52 out of 845 companies in the Medical Devices & Instruments industry, placing it in the top 6.2%.
Is PW Medtech Group's Altman Z2-Score too high?
PW Medtech Group's current Altman Z2-Score of 15.11 is near median its 10-year median of 16.41. Over the past 10 years, this metric has ranged from a low of 7.85 to a high of 39.50. The Medical Devices & Instruments industry median Altman Z2-Score is 3.48. PW Medtech Group's value of 15.11 is 334.2% above this industry median. Based on the distribution chart, PW Medtech Group ranks #52 out of 845 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, PW Medtech Group has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does PW Medtech Group's Altman Z2-Score compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, PW Medtech Group ranks #52 out of 845 companies for Altman Z2-Score. This places PW Medtech Group in the top 6% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.48. PW Medtech Group's value of 15.11 is 334.2% above this benchmark. Historically, PW Medtech Group's own Altman Z2-Score has ranged from 7.85 to 39.50 over the past decade. While the company's 10-year median is 16.41 vs. the industry median of 3.48, PW Medtech Group 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 Medical Devices & Instruments company?
The median Altman Z2-Score among Medical Devices & Instruments companies is 3.48, based on 845 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. PW Medtech Group's current Altman Z2-Score of 15.11 is 334.2% 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 PW Medtech Group and its competitors. For the Medical Devices & Instruments industry, the median Altman Z2-Score is 3.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PW Medtech Group's current Altman Z2-Score is 15.11, which is near median its own 10-year median of 16.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PW Medtech Group stock overvalued right now?
PW Medtech Group (FRA:PWE) has a current Altman Z2-Score of 15.11. The stock's GF Value™ is €0.13, compared to a current price of €0.11 — trading 16.2% below its estimated fair value. The current Altman Z2-Score is 15.11, which is near median its 10-year median of 16.41 and 334.2% above the Medical Devices & Instruments industry median of 3.48. PW Medtech Group's overall GF Score™ is 84/100 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 PW Medtech Group (FRA:PWE), the current Altman Z2-Score is 15.11 as of Jul. 02, 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 PW Medtech Group (FRA:PWE) Overvalued in 2026?
Based on GuruFocus' analysis, PW Medtech Group stock appears to be undervalued.
The current stock price of €0.11 is trading 16.2% below its estimated GF Value™ of €0.13.
Key valuation signals for FRA:PWE:
Altman Z2-Score: 15.11 (near median its 10-year median of 16.41)
GF Value™: €0.13 vs. price of €0.11 (16.2% below fair value)
Industry Position: 334.2% above the Medical Devices & Instruments median (#52 of 845)
No single metric tells the full story. See the FRA:PWE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PW Medtech Group Ltd is a medical device company focused on China's medical device industry. The Group operates in infusion sets, blood purification products, and regenerative medical biomaterials. Its products include non-PVC-based infusion sets, precision filter infusion sets, light-resistant infusion sets, intravenous cannula products, insulin needles and pens, high flux and low flux hemodialyzers, hemodiafilters, hemoperfutors, and dialysis machines. Its segments are Infusion Set Business, Blood Purification Business, which represents the R&D, manufacturing, and sales of hemodialysis and blood purification medical devices, and Regenerative Medical Biomaterials Business, which generates maximum revenue. Geographically, it operates in China, North America, India and Others.
84GF Score
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