Burkhalter Holding AG (LTS:0QO2) Altman Z2-Score: 2.32 (As of Jun. 24, 2026) — 46% Below Median


LTS:0QO2 Burkhalter Holding AG LTS:0QO2
80 GF Score
Price CHF156.58
GF Value CHF106.15
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Burkhalter Holding AG Altman Z2-Score?

Burkhalter Holding AG LTS:0QO2 +0.37% 80 Altman Z2-Score is 2.32 as of Jun. 24, 2026, which is 46% below its 10-year median of 4.31. GuruFocus rates LTS:0QO2 with a GF Score™ of 80/100 and a GF Value™ of CHF106.15 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,767 Construction companies, Burkhalter Holding AG ranks worse than 62.93% 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.

Burkhalter Holding AG has a Altman Z2-Score of 2.32, indicating it is in Grey Zones. This implies that Burkhalter Holding AG 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 Burkhalter Holding AG's Altman Z2-Score or its related term are showing as below:

LTS:0QO2' s Altman Z2-Score Range Over the Past 10 Years
Min: 1.51   Med: 4.31   Max: 6.42
Current: 2.32

During the past 13 years, Burkhalter Holding AG's highest Altman Z2-Score was 6.42. The lowest was 1.51. And the median was 4.31.


Burkhalter Holding AG  (LTS:0QO2) 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.


Burkhalter Holding AG Altman Z2-Score Related Terms


Burkhalter Holding AG Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Burkhalter Holding AG'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.

Burkhalter Holding AG Altman Z2-Score Chart

Burkhalter Holding AG 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 4.29 1.61 1.51 1.88 2.32

Burkhalter Holding AG 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 1.51 0.00 1.88 0.00 2.32

LTS:0QO2 vs PWR, FIX, EME: Altman Z2-Score Comparison

For the Engineering & Construction subindustry, Burkhalter Holding AG'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.


Burkhalter Holding AG Altman Z2-Score vs Construction Industry

For the Construction industry and Industrials sector, Burkhalter Holding AG's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Burkhalter Holding AG's Altman Z2-Score falls into.


LTS:0QO2
80GF Score
Burkhalter Holding AG LTS:0QO2
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Burkhalter Holding AG 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.

Burkhalter Holding AG'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*0.2465+3.26*-0.2522+6.72*0.1595+1.05*0.4296
=2.32

* 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 CHF464 Mil.
Total Current Assets was CHF395 Mil.
Total Current Liabilities was CHF281 Mil.
Retained Earnings was CHF-117 Mil.
Pre-Tax Income was CHF73 Mil.
Interest Expense was CHF-1 Mil.
Total Liabilities was CHF324 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
=(395.077 - 280.765)/463.775
=0.2465

X2=Retained Earnings/Total Assets
=-116.975/463.775
=-0.2522

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(73.411 - -0.541)/463.775
=0.1595

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(139.365 - 0)/324.394
=0.4296

The zones of discrimination were as such:

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

Burkhalter Holding AG has a Altman Z2-Score of 2.32 indicating it is in Grey Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 2.32 mean?
Burkhalter Holding AG (LTS:0QO2) has a Altman Z2-Score of 2.32 as of Jun. 24, 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 Burkhalter Holding AG and its competitors. This is 46% below median its historical median of 4.31. Over the past decade, Burkhalter Holding AG's Altman Z2-Score has ranged from 1.51 to 6.42. According to the industry distribution chart, Burkhalter Holding AG ranks #1112 out of 1767 companies in the Construction industry, placing it in the top 62.9%.
Is Burkhalter Holding AG's Altman Z2-Score too high?
Burkhalter Holding AG's current Altman Z2-Score of 2.32 is 46% below median its 10-year median of 4.31. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 6.42. The Construction industry median Altman Z2-Score is 3.22. Burkhalter Holding AG's value of 2.32 is 28% below this industry median. Based on the distribution chart, Burkhalter Holding AG ranks #1112 out of 1767 companies in the Construction industry, which is below the industry midpoint. Overall, Burkhalter Holding AG has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Burkhalter Holding AG's Altman Z2-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Burkhalter Holding AG ranks #1112 out of 1767 companies for Altman Z2-Score. This places Burkhalter Holding AG in the lower half of its industry. The industry median Altman Z2-Score is 3.22. Burkhalter Holding AG's value of 2.32 is 28% below this benchmark. Historically, Burkhalter Holding AG's own Altman Z2-Score has ranged from 1.51 to 6.42 over the past decade. While the company's 10-year median is 4.31 vs. the industry median of 3.22, Burkhalter Holding AG 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. Burkhalter Holding AG's current Altman Z2-Score of 2.32 is 28% 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 Burkhalter Holding AG 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. Burkhalter Holding AG's current Altman Z2-Score is 2.32, which is 46% below median its own 10-year median of 4.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Burkhalter Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Burkhalter Holding AG (LTS:0QO2) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF106.15, compared to a current price of CHF156.58 — trading 47.5% above its estimated fair value. The current Altman Z2-Score is 2.32, which is 46% below median its 10-year median of 4.31 and 28% below the Construction industry median of 3.22. Burkhalter Holding AG's overall GF Score™ is 80/100 with 2 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 Burkhalter Holding AG (LTS:0QO2), the current Altman Z2-Score is 2.32 as of Jun. 24, 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 Burkhalter Holding AG (LTS:0QO2) Overvalued in 2026?

Based on GuruFocus' analysis, Burkhalter Holding AG stock appears to be overvalued. The current stock price of CHF156.58 is trading 47.5% above its estimated GF Value™ of CHF106.15. GuruFocus considers Burkhalter Holding AG to be Significantly Overvalued.

Key valuation signals for LTS:0QO2:

  • Altman Z2-Score: 2.32 (46% below median its 10-year median of 4.31)
  • GF Value™: CHF106.15 vs. price of CHF156.58 (47.5% above fair value)
  • GF Score™: 80/100 with 2 warning signs
  • Industry Position: 28% below the Construction median (#1112 of 1767)

No single metric tells the full story. See the LTS:0QO2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Burkhalter Holding AG Business Description

Address Hohlstrasse 475, Zurich, CHE, 8048
Burkhalter Holding AG is a Switzerland-based company which provides electrical engineering services to the construction sector comprising residential and non-residential buildings as well as infrastructure facilities. It provides electrical engineering services at the place of a power station and includes all processes up to and including the regulation of electrical installations and end user machines for buildings. The company's products and services include installations, switchboards, maintenance and repairs, telematics, wiring, cabling, building automation, control & regulation systems and technical security solutions. It undertakes installations and implements systems for high and low voltage equipment in industrial, commercial, non-residential and residential properties.
80GF Score

Get the complete analysis for LTS:0QO2

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

CHF156.58
Price
CHF106.15
GF Value