Metlen Energy & MetalsFRA:X4Z +3.11%17 Altman Z2-Score is 3.23 as of Jul. 06, 2026, which is 3% below its 10-year median of 3.33. GuruFocus rates FRA:X4Z with a GF Score™ of 17/100. The stock has 5 warning signs investors should review. Among 507 Utilities - Regulated companies, Metlen Energy & Metals ranks better than 75.35% 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:
Metlen Energy & Metals has a Altman Z2-Score of 3.23, 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 Metlen Energy & Metals's Altman Z2-Score or its related term are showing as below:
FRA:X4Z'
s Altman Z2-Score Range Over the Past 10 Years
Min: 3.23 Med: 3.33 Max: 3.75
Current: 3.23
During the past 4 years, Metlen Energy & Metals's highest Altman Z2-Score was 3.75. The lowest was 3.23. And the median was 3.33.
Metlen Energy & Metals (FRA:X4Z) 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.
Metlen Energy & Metals Altman Z2-Score Related Terms
Metlen Energy & Metals Altman Z2-Score Historical Data
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The historical data trend for Metlen Energy & Metals'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.
Metlen Energy & Metals Altman Z2-Score Chart
Metlen Energy & Metals Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Altman Z2-Score
3.23
3.75
3.43
3.23
Metlen Energy & Metals Semi-Annual Data
Dec22
Dec23
Dec24
Jun25
Dec25
Altman Z2-Score
3.23
3.75
3.43
0.00
3.23
FRA:X4Z vs SRE, AES: Altman Z2-Score Comparison
For the Utilities - Diversified subindustry, Metlen Energy & Metals'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.
Metlen Energy & Metals Altman Z2-Score vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Metlen Energy & Metals's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Metlen Energy & Metals's Altman Z2-Score falls into.
Metlen Energy & Metals 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.
Metlen Energy & Metals (FRA:X4Z) has a Altman Z2-Score of 3.23 as of Jul. 06, 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 Metlen Energy & Metals and its competitors. This is near median its historical median of 3.33. Over the past decade, Metlen Energy & Metals' Altman Z2-Score has ranged from 3.23 to 3.75. According to the industry distribution chart, Metlen Energy & Metals ranks #125 out of 507 companies in the Utilities - Regulated industry, placing it in the top 24.7%.
Is Metlen Energy & Metals' Altman Z2-Score too high?
Metlen Energy & Metals' current Altman Z2-Score of 3.23 is near median its 10-year median of 3.33. Over the past 10 years, this metric has ranged from a low of 3.23 to a high of 3.75. The Utilities - Regulated industry median Altman Z2-Score is 1.57. Metlen Energy & Metals' value of 3.23 is 105.7% above this industry median. Based on the distribution chart, Metlen Energy & Metals ranks #125 out of 507 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Metlen Energy & Metals has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Metlen Energy & Metals' Altman Z2-Score compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, Metlen Energy & Metals ranks #125 out of 507 companies for Altman Z2-Score. This places Metlen Energy & Metals in the top 25% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 1.57. Metlen Energy & Metals' value of 3.23 is 105.7% above this benchmark. Historically, Metlen Energy & Metals' own Altman Z2-Score has ranged from 3.23 to 3.75 over the past decade. While the company's 10-year median is 3.33 vs. the industry median of 1.57, Metlen Energy & Metals 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 Utilities - Regulated company?
The median Altman Z2-Score among Utilities - Regulated companies is 1.57, based on 507 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. Metlen Energy & Metals's current Altman Z2-Score of 3.23 is 105.7% 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 Metlen Energy & Metals and its competitors. For the Utilities - Regulated industry, the median Altman Z2-Score is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metlen Energy & Metals's current Altman Z2-Score is 3.23, which is near median its own 10-year median of 3.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metlen Energy & Metals stock overvalued right now?
Metlen Energy & Metals (FRA:X4Z) has a current Altman Z2-Score of 3.23. The current Altman Z2-Score is 3.23, which is near median its 10-year median of 3.33 and 105.7% above the Utilities - Regulated industry median of 1.57. Metlen Energy & Metals' overall GF Score™ is 17/100 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 Metlen Energy & Metals (FRA:X4Z), the current Altman Z2-Score is 3.23 as of Jul. 06, 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.
Metlen Energy & Metals PLC is a world-wide industrial and energy company with a growing position in the metals and energy sectors, focused on sustainable development and the circular economy. The company's segments include: the Energy Sector, the Metals Sector, the Infrastructure and Concessions Sector, and Others. It derives maximum revenue from the Energy sector, which is active in the development, construction, and operation of thermal units and RES projects, design and construction of electricity infrastructure projects, retail supply of electricity and natural gas, supply and trading of natural gas, and the provision of competitive energy products and services. Geographically, it derives maximum revenue from Greece, followed by other EU countries and other regions.
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