ADS Maritime HoldingOSL:ADS +1.71%45 Altman Z2-Score is 26.35 as of Jun. 29, 2026, which is 0% above its 10-year median of 26.34. GuruFocus rates OSL:ADS with a GF Score™ of 45/100 and a GF Value™ of kr1.07 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 996 Transportation companies, ADS Maritime Holding ranks better than 98.39% 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:
ADS Maritime Holding has a Altman Z2-Score of 26.35, 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 ADS Maritime Holding's Altman Z2-Score or its related term are showing as below:
OSL:ADS'
s Altman Z2-Score Range Over the Past 10 Years
Min: 1.7 Med: 26.34 Max: 55.34
Current: 26.34
During the past 8 years, ADS Maritime Holding's highest Altman Z2-Score was 55.34. The lowest was 1.70. And the median was 26.34.
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.
ADS Maritime Holding Altman Z2-Score Related Terms
ADS Maritime Holding Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for ADS Maritime Holding'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.
For the Marine Shipping subindustry, ADS Maritime Holding'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.
ADS Maritime Holding Altman Z2-Score vs Transportation Industry
For the Transportation industry and Industrials sector, ADS Maritime Holding's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where ADS Maritime Holding's Altman Z2-Score falls into.
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.
ADS Maritime Holding'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
*
0.0532
+
3.26
*
0.3329
+
6.72
*
0.0394
+
1.05
*
23.4724
=
26.35
* 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.
ADS Maritime Holding (OSL:ADS) has a Altman Z2-Score of 26.35 as of Jun. 29, 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 ADS Maritime Holding and its competitors. This is near median its historical median of 26.34. Over the past decade, ADS Maritime Holding's Altman Z2-Score has ranged from 1.70 to 55.34. According to the industry distribution chart, ADS Maritime Holding ranks #16 out of 996 companies in the Transportation industry, placing it in the top 1.6%.
Is ADS Maritime Holding's Altman Z2-Score too high?
ADS Maritime Holding's current Altman Z2-Score of 26.35 is near median its 10-year median of 26.34. Over the past 10 years, this metric has ranged from a low of 1.70 to a high of 55.34. The Transportation industry median Altman Z2-Score is 2.94. ADS Maritime Holding's value of 26.35 is 796.3% above this industry median. Based on the distribution chart, ADS Maritime Holding ranks #16 out of 996 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, ADS Maritime Holding has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ADS Maritime Holding's Altman Z2-Score compare to competitors?
According to the Transportation industry distribution chart, ADS Maritime Holding ranks #16 out of 996 companies for Altman Z2-Score. This places ADS Maritime Holding in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.94. ADS Maritime Holding's value of 26.35 is 796.3% above this benchmark. Historically, ADS Maritime Holding's own Altman Z2-Score has ranged from 1.70 to 55.34 over the past decade. While the company's 10-year median is 26.34 vs. the industry median of 2.94, ADS Maritime Holding 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 a Transportation company?
The median Altman Z2-Score among Transportation companies is 2.94, based on 996 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. ADS Maritime Holding's current Altman Z2-Score of 26.35 is 796.3% 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 ADS Maritime Holding and its competitors. For the Transportation industry, the median Altman Z2-Score is 2.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ADS Maritime Holding's current Altman Z2-Score is 26.35, which is near median its own 10-year median of 26.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADS Maritime Holding stock overvalued right now?
Based on GuruFocus' analysis, ADS Maritime Holding (OSL:ADS) is currently considered Significantly Overvalued. The stock's GF Value™ is kr1.07, compared to a current price of kr2.38 — trading 122.4% above its estimated fair value. The current Altman Z2-Score is 26.35, which is near median its 10-year median of 26.34 and 796.3% above the Transportation industry median of 2.94. ADS Maritime Holding's overall GF Score™ is 45/100 with 1 warning sign 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 ADS Maritime Holding (OSL:ADS), the current Altman Z2-Score is 26.35 as of Jun. 29, 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 ADS Maritime Holding (OSL:ADS) Overvalued in 2026?
Based on GuruFocus' analysis, ADS Maritime Holding stock appears to be overvalued.
The current stock price of kr2.38 is trading 122.4% above its estimated GF Value™ of kr1.07.
GuruFocus considers ADS Maritime Holding to be Significantly Overvalued.
Key valuation signals for OSL:ADS:
Altman Z2-Score: 26.35 (near median its 10-year median of 26.34)
GF Value™: kr1.07 vs. price of kr2.38 (122.4% above fair value)
Industry Position: 796.3% above the Transportation median (#16 of 996)
No single metric tells the full story. See the OSL:ADS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ADS Maritime Holding PLC is a shipping investment company. Its investing philosophy focuses on counter-cyclical investments in quality ships bought at prices discounted to new building parity, as well as projects with long-term secured cashflow, low residual risk, and solid returns on equity. The company's main source of income is dividend received from investments.
45GF Score
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