HUSQF (Husqvarna AB) Altman Z2-Score: 2.34 (As of Jul. 02, 2026) — Near Median


HUSQF Husqvarna AB HUSQF
67 GF Score
Price $3.90
GF Value $6.58
Valuation Possible Value Trap
! 3 Warning Signs
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What is Husqvarna AB Altman Z2-Score?

Husqvarna AB HUSQF 67 Altman Z2-Score is 2.34 as of Jul. 02, 2026, which is 9% below its 10-year median of 2.56. GuruFocus rates HUSQF with a GF Score™ of 67/100 and a GF Value™ of $6.58 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 3,037 Industrial Products companies, Husqvarna AB ranks worse than 73.3% 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.

Husqvarna AB has a Altman Z2-Score of 2.34, indicating it is in Grey Zones. This implies that Husqvarna AB 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 Husqvarna AB's Altman Z2-Score or its related term are showing as below:

HUSQF' s Altman Z2-Score Range Over the Past 10 Years
Min: 1.8   Med: 2.56   Max: 3.79
Current: 2.35

During the past 13 years, Husqvarna AB's highest Altman Z2-Score was 3.79. The lowest was 1.80. And the median was 2.56.


Husqvarna AB  (OTCPK:HUSQF) 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.

X4_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


Husqvarna AB Altman Z2-Score Related Terms


Husqvarna AB Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Husqvarna 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.

Husqvarna AB Altman Z2-Score Chart

Husqvarna AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.08 2.84 3.17 3.23 3.69

Husqvarna AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.11 2.26 2.56 3.69 2.35

HUSQF vs SNA, RBC, LECO: Altman Z2-Score Comparison

For the Tools & Accessories subindustry, Husqvarna 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.


Husqvarna AB Altman Z2-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Husqvarna AB's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Husqvarna AB's Altman Z2-Score falls into.


HUSQF
67GF Score
Husqvarna AB HUSQF
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Husqvarna AB 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.

Husqvarna 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*0.1817+3.26*0+6.72*0.0519+1.05*0.7607
=2.34

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was $6,250 Mil.
Total Current Assets was $3,155 Mil.
Total Current Liabilities was $2,019 Mil.
Retained Earnings was $0 Mil.
Pre-Tax Income was 161.851 + -107.925 + -4.374 + 194.906 = $244 Mil.
Interest Expense was -21.68 + -17.97 + -19.418 + -21.156 = $-80 Mil.
Total Liabilities was $3,550 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(3154.703 - 2018.954)/6250.054
=0.1817

X2=Retained Earnings/Total Assets
=0/6250.054
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(244.458 - -80.224)/6250.054
=0.0519

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(2700.06 - 0)/3549.564
=0.7607

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

Husqvarna AB has a Altman Z2-Score of 2.34 indicating it is in Grey Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 2.34 mean?
Husqvarna AB (HUSQF) has a Altman Z2-Score of 2.34 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 Husqvarna AB and its competitors. This is near median its historical median of 2.56. Over the past decade, Husqvarna AB's Altman Z2-Score has ranged from 1.80 to 3.79. According to the industry distribution chart, Husqvarna AB ranks #2226 out of 3037 companies in the Industrial Products industry, placing it in the top 73.3%.
Is Husqvarna AB's Altman Z2-Score too high?
Husqvarna AB's current Altman Z2-Score of 2.34 is near median its 10-year median of 2.56. Over the past 10 years, this metric has ranged from a low of 1.80 to a high of 3.79. The Industrial Products industry median Altman Z2-Score is 4.28. Husqvarna AB's value of 2.34 is 45.3% below this industry median. Based on the distribution chart, Husqvarna AB ranks #2226 out of 3037 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Husqvarna AB has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Husqvarna AB's Altman Z2-Score compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Husqvarna AB ranks #2226 out of 3037 companies for Altman Z2-Score. This places Husqvarna AB in the lower half of its industry. The industry median Altman Z2-Score is 4.28. Husqvarna AB's value of 2.34 is 45.3% below this benchmark. Historically, Husqvarna AB's own Altman Z2-Score has ranged from 1.80 to 3.79 over the past decade. While the company's 10-year median is 2.56 vs. the industry median of 4.28, Husqvarna 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 an Industrial Products company?
The median Altman Z2-Score among Industrial Products companies is 4.28, based on 3,037 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. Husqvarna AB's current Altman Z2-Score of 2.34 is 45.3% 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 Husqvarna AB and its competitors. For the Industrial Products industry, the median Altman Z2-Score is 4.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Husqvarna AB's current Altman Z2-Score is 2.34, which is near median its own 10-year median of 2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Husqvarna AB stock overvalued right now?
Based on GuruFocus' analysis, Husqvarna AB (HUSQF) is currently considered Possible Value Trap. The stock's GF Value™ is $6.58, compared to a current price of $3.90 — trading 40.7% below its estimated fair value. The current Altman Z2-Score is 2.34, which is near median its 10-year median of 2.56 and 45.3% below the Industrial Products industry median of 4.28. Husqvarna AB's overall GF Score™ is 67/100 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 Husqvarna AB (HUSQF), the current Altman Z2-Score is 2.34 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 Husqvarna AB (HUSQF) Overvalued in 2026?

Based on GuruFocus' analysis, Husqvarna AB stock appears to be undervalued. The current stock price of $3.90 is trading 40.7% below its estimated GF Value™ of $6.58. GuruFocus considers Husqvarna AB to be Possible Value Trap.

Key valuation signals for HUSQF:

  • Altman Z2-Score: 2.34 (near median its 10-year median of 2.56)
  • GF Value™: $6.58 vs. price of $3.90 (40.7% below fair value)
  • GF Score™: 67/100 with 3 warning signs
  • Industry Position: 45.3% below the Industrial Products median (#2226 of 3037)

No single metric tells the full story. See the HUSQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Husqvarna AB Business Description

Address P.O. Box 7454, Stockholm, SWE, 113 31
Husqvarna AB provides products and solutions for managing forests, parks, and gardens. The product range includes robotic mowers, battery and petrol-powered chainsaws, trimmers, riding lawn mowers, as well as watering solutions. In addition, the group offers equipment for sawing and drilling in concrete surfaces, floor preparation, as well as diamond tools for the light construction industry. Its products are marketed mainly under the Husqvarna and Gardena brands. The group's operating segments include the Husqvarna Forest and Garden Division, which generates key revenue, the Gardena Division, and the Husqvarna Construction Division. Geographically, it generates maximum revenue from the United States and the rest from Germany, France, Sweden, the United Kingdom, Austria, and other regions.
67GF Score

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Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.90
Price
$6.58
GF Value