KBAGF (Koninklijke Bam Groep NV) Altman Z2-Score: 0.83 (As of Jun. 27, 2026) — 80% Above Median


KBAGF Koninklijke Bam Groep NV KBAGF
55 GF Score
Price $10.42
GF Value $5.05
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Koninklijke Bam Groep NV Altman Z2-Score?

Koninklijke Bam Groep NV KBAGF 55 Altman Z2-Score is 0.83 as of Jun. 27, 2026, which is 80% above its 10-year median of 0.46. GuruFocus rates KBAGF with a GF Score™ of 55/100 and a GF Value™ of $5.05 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,767 Construction companies, Koninklijke Bam Groep NV ranks worse than 81.78% 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.

Warning Sign:

Koninklijke Bam Groep NV has a Altman Z2-Score of 0.83, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Koninklijke Bam Groep NV's Altman Z2-Score or its related term are showing as below:

KBAGF' s Altman Z2-Score Range Over the Past 10 Years
Min: 0.05   Med: 0.46   Max: 0.83
Current: 0.83

During the past 13 years, Koninklijke Bam Groep NV's highest Altman Z2-Score was 0.83. The lowest was 0.05. And the median was 0.46.


Koninklijke Bam Groep NV  (OTCPK:KBAGF) 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.


Koninklijke Bam Groep NV Altman Z2-Score Related Terms


Koninklijke Bam Groep NV Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Koninklijke Bam Groep NV'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.

Koninklijke Bam Groep NV Altman Z2-Score Chart

Koninklijke Bam Groep NV 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 0.05 0.51 0.62 0.46 0.83

Koninklijke Bam Groep NV Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.62 0.00 0.46 0.00 0.83

KBAGF vs PWR, FIX, EME: Altman Z2-Score Comparison

For the Engineering & Construction subindustry, Koninklijke Bam Groep NV'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.


Koninklijke Bam Groep NV Altman Z2-Score vs Construction Industry

For the Construction industry and Industrials sector, Koninklijke Bam Groep NV's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Koninklijke Bam Groep NV's Altman Z2-Score falls into.


KBAGF
55GF Score
Koninklijke Bam Groep NV KBAGF
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Koninklijke Bam Groep NV 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.

Koninklijke Bam Groep NV'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*-0.013+3.26*0.0511+6.72*0.0644+1.05*0.3048
=0.83

* 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 Dec. 2025:
Total Assets was $4,803 Mil.
Total Current Assets was $3,193 Mil.
Total Current Liabilities was $3,256 Mil.
Retained Earnings was $246 Mil.
Pre-Tax Income was $291 Mil.
Interest Expense was $-18 Mil.
Total Liabilities was $3,680 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
=(3193.083 - 3255.683)/4802.697
=-0.013

X2=Retained Earnings/Total Assets
=245.527/4802.697
=0.0511

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(291.04 - -18.303)/4802.697
=0.0644

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(1121.835 - 0)/3680.4
=0.3048

The zones of discrimination were as such:

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

Koninklijke Bam Groep NV has a Altman Z2-Score of 0.83 indicating it is in Distress Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 0.83 mean?
Koninklijke Bam Groep NV (KBAGF) has a Altman Z2-Score of 0.83 as of Jun. 27, 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 Koninklijke Bam Groep NV and its competitors. This is 80% above median its historical median of 0.46. Over the past decade, Koninklijke Bam Groep NV's Altman Z2-Score has ranged from 0.05 to 0.83. According to the industry distribution chart, Koninklijke Bam Groep NV ranks #1445 out of 1767 companies in the Construction industry, placing it in the top 81.8%.
Is Koninklijke Bam Groep NV's Altman Z2-Score too high?
Koninklijke Bam Groep NV's current Altman Z2-Score of 0.83 is 80% above median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.83. The Construction industry median Altman Z2-Score is 3.22. Koninklijke Bam Groep NV's value of 0.83 is 74.2% below this industry median. Based on the distribution chart, Koninklijke Bam Groep NV ranks #1445 out of 1767 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Koninklijke Bam Groep NV has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Koninklijke Bam Groep NV's Altman Z2-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Koninklijke Bam Groep NV ranks #1445 out of 1767 companies for Altman Z2-Score. This places Koninklijke Bam Groep NV in the lower half of its industry. The industry median Altman Z2-Score is 3.22. Koninklijke Bam Groep NV's value of 0.83 is 74.2% below this benchmark. Historically, Koninklijke Bam Groep NV's own Altman Z2-Score has ranged from 0.05 to 0.83 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 3.22, Koninklijke Bam Groep NV 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 Construction company?
The median Altman Z2-Score among Construction companies is 3.22, based on 1,767 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. Koninklijke Bam Groep NV's current Altman Z2-Score of 0.83 is 74.2% 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 Koninklijke Bam Groep NV and its competitors. For the Construction industry, the median Altman Z2-Score is 3.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Koninklijke Bam Groep NV's current Altman Z2-Score is 0.83, which is 80% above median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koninklijke Bam Groep NV stock overvalued right now?
Based on GuruFocus' analysis, Koninklijke Bam Groep NV (KBAGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.05, compared to a current price of $10.42 — trading 106.3% above its estimated fair value. The current Altman Z2-Score is 0.83, which is 80% above median its 10-year median of 0.46 and 74.2% below the Construction industry median of 3.22. Koninklijke Bam Groep NV's overall GF Score™ is 55/100 with 6 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 Koninklijke Bam Groep NV (KBAGF), the current Altman Z2-Score is 0.83 as of Jun. 27, 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 Koninklijke Bam Groep NV (KBAGF) Overvalued in 2026?

Based on GuruFocus' analysis, Koninklijke Bam Groep NV stock appears to be overvalued. The current stock price of $10.42 is trading 106.3% above its estimated GF Value™ of $5.05. GuruFocus considers Koninklijke Bam Groep NV to be Significantly Overvalued.

Key valuation signals for KBAGF:

  • Altman Z2-Score: 0.83 (80% above median its 10-year median of 0.46)
  • GF Value™: $5.05 vs. price of $10.42 (106.3% above fair value)
  • GF Score™: 55/100 with 6 warning signs
  • Industry Position: 74.2% below the Construction median (#1445 of 1767)

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


Koninklijke Bam Groep NV Business Description

Address Runnenburg 9, Bunnik, NLD, 3981 AZ
Koninklijke BAM Groep NV is a construction and civil engineering company operating at the heart of society. The company builds, maintains, and improves homes, offices, schools, universities, hospitals, and leisure facilities, and enhances road networks, railway lines, and airports. It also builds and upgrades infrastructure to support the energy transition and strengthens coastal defenses and water-management schemes. Its activities are organized across four primary domains: housing and buildings, transportation infrastructure, energy and utilities infrastructure, and environmental and climate resilience.
55GF Score

Get the complete analysis for KBAGF

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

$10.42
Price
$5.05
GF Value