Alexandria Group Oyj (OHEL:ALEX) Altman Z2-Score: 7.43 (As of Jul. 08, 2026) — Near Median


OHEL:ALEX Alexandria Group Oyj OHEL:ALEX
88 GF Score
Price €13.50
GF Value €10.20
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Alexandria Group Oyj Altman Z2-Score?

Alexandria Group Oyj OHEL:ALEX 88 Altman Z2-Score is 7.43 as of Jul. 08, 2026, which is 6% below its 10-year median of 7.90. GuruFocus rates OHEL:ALEX with a GF Score™ of 88/100 and a GF Value™ of €10.20 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 709 Asset Management companies, Alexandria Group Oyj ranks better than 55.99% 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:

Alexandria Group Oyj has a Altman Z2-Score of 7.43, 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 Alexandria Group Oyj's Altman Z2-Score or its related term are showing as below:

OHEL:ALEX' s Altman Z2-Score Range Over the Past 10 Years
Min: 4.42   Med: 7.9   Max: 8.65
Current: 7.43

During the past 8 years, Alexandria Group Oyj's highest Altman Z2-Score was 8.65. The lowest was 4.42. And the median was 7.90.


Alexandria Group Oyj  (OHEL:ALEX) 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.


Alexandria Group Oyj Altman Z2-Score Related Terms


Alexandria Group Oyj Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Alexandria Group Oyj'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.

Alexandria Group Oyj Altman Z2-Score Chart

Alexandria Group Oyj Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial 8.45 8.47 7.30 8.37 7.43

Alexandria Group Oyj Semi-Annual Data
Dec18 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 7.30 0.00 8.37 0.00 7.43

OHEL:ALEX vs BLK, BX, KKR: Altman Z2-Score Comparison

For the Asset Management subindustry, Alexandria Group Oyj'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.


Alexandria Group Oyj Altman Z2-Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Alexandria Group Oyj's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Alexandria Group Oyj's Altman Z2-Score falls into.


OHEL:ALEX
88GF Score
Alexandria Group Oyj OHEL:ALEX
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alexandria Group Oyj 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.

Alexandria Group Oyj'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*0.417+3.26*0.3031+6.72*0.2106+1.05*2.1811
=7.43

* 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 €54.41 Mil.
Total Current Assets was €33.36 Mil.
Total Current Liabilities was €10.67 Mil.
Retained Earnings was €16.50 Mil.
Pre-Tax Income was €11.17 Mil.
Interest Expense was €-0.29 Mil.
Total Liabilities was €17.06 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
=(33.361 - 10.669)/54.414
=0.417

X2=Retained Earnings/Total Assets
=16.495/54.414
=0.3031

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(11.17 - -0.288)/54.414
=0.2106

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(37.211 - 0)/17.061
=2.1811

The zones of discrimination were as such:

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

Alexandria Group Oyj has a Altman Z2-Score of 7.43 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 7.43 mean?
Alexandria Group Oyj (OHEL:ALEX) has a Altman Z2-Score of 7.43 as of Jul. 08, 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 Alexandria Group Oyj and its competitors. This is near median its historical median of 7.90. Over the past decade, Alexandria Group Oyj's Altman Z2-Score has ranged from 4.42 to 8.65. According to the industry distribution chart, Alexandria Group Oyj ranks #312 out of 709 companies in the Asset Management industry, placing it in the top 44%.
Is Alexandria Group Oyj's Altman Z2-Score too high?
Alexandria Group Oyj's current Altman Z2-Score of 7.43 is near median its 10-year median of 7.90. Over the past 10 years, this metric has ranged from a low of 4.42 to a high of 8.65. The Asset Management industry median Altman Z2-Score is 6.11. Alexandria Group Oyj's value of 7.43 is 21.6% above this industry median. Based on the distribution chart, Alexandria Group Oyj ranks #312 out of 709 companies in the Asset Management industry, which is above the industry midpoint. Overall, Alexandria Group Oyj has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alexandria Group Oyj's Altman Z2-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Alexandria Group Oyj ranks #312 out of 709 companies for Altman Z2-Score. This puts Alexandria Group Oyj in the upper half of its industry. The industry median Altman Z2-Score is 6.11. Alexandria Group Oyj's value of 7.43 is 21.6% above this benchmark. Historically, Alexandria Group Oyj's own Altman Z2-Score has ranged from 4.42 to 8.65 over the past decade. While the company's 10-year median is 7.90 vs. the industry median of 6.11, Alexandria Group Oyj 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 Asset Management company?
The median Altman Z2-Score among Asset Management companies is 6.11, based on 709 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. Alexandria Group Oyj's current Altman Z2-Score of 7.43 is 21.6% 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 Alexandria Group Oyj and its competitors. For the Asset Management industry, the median Altman Z2-Score is 6.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alexandria Group Oyj's current Altman Z2-Score is 7.43, which is near median its own 10-year median of 7.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexandria Group Oyj stock overvalued right now?
Based on GuruFocus' analysis, Alexandria Group Oyj (OHEL:ALEX) is currently considered Significantly Overvalued. The stock's GF Value™ is €10.20, compared to a current price of €13.50 — trading 32.4% above its estimated fair value. The current Altman Z2-Score is 7.43, which is near median its 10-year median of 7.90 and 21.6% above the Asset Management industry median of 6.11. Alexandria Group Oyj's overall GF Score™ is 88/100 with 8 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 Alexandria Group Oyj (OHEL:ALEX), the current Altman Z2-Score is 7.43 as of Jul. 08, 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 Alexandria Group Oyj (OHEL:ALEX) Overvalued in 2026?

Based on GuruFocus' analysis, Alexandria Group Oyj stock appears to be overvalued. The current stock price of €13.50 is trading 32.4% above its estimated GF Value™ of €10.20. GuruFocus considers Alexandria Group Oyj to be Significantly Overvalued.

Key valuation signals for OHEL:ALEX:

  • Altman Z2-Score: 7.43 (near median its 10-year median of 7.90)
  • GF Value™: €10.20 vs. price of €13.50 (32.4% above fair value)
  • GF Score™: 88/100 with 8 warning signs
  • Industry Position: 21.6% above the Asset Management median (#312 of 709)

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


Alexandria Group Oyj Business Description

Other Exchanges 3ZL:Germany
Address Etelaesplanadi 22 A, Helsinki, FIN, 00130
Alexandria Group Oyj formerly Alexandria Pankkiiriliike Oyj is a investment service company in Finland. It specializes in high-quality investment and savings solutions.
88GF Score

Get the complete analysis for OHEL:ALEX

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

€13.50
Price
€10.20
GF Value