EAM Solar ASOSL:EAM +1.63%28 Altman Z2-Score is 4.76 as of Jun. 28, 2026, which is 333% above its 10-year median of 1.10. GuruFocus rates OSL:EAM with a GF Score™ of 28/100 and a GF Value™ of kr0.54 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 438 Utilities - Independent Power Producers companies, EAM Solar AS ranks better than 80.37% 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:
EAM Solar AS has a Altman Z2-Score of 4.76, 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 EAM Solar AS's Altman Z2-Score or its related term are showing as below:
OSL:EAM'
s Altman Z2-Score Range Over the Past 10 Years
Min: -16.73 Med: 1.1 Max: 5.62
Current: 4.76
During the past 13 years, EAM Solar AS's highest Altman Z2-Score was 5.62. The lowest was -16.73. And the median was 1.10.
EAM Solar AS (OSL:EAM) 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.
Altman Z2-Score does not apply to financial companies.
EAM Solar AS Altman Z2-Score Related Terms
EAM Solar AS Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for EAM Solar AS'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.
EAM Solar AS Altman Z2-Score Competitor Comparison
For the Utilities - Renewable subindustry, EAM Solar AS'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.
EAM Solar AS Altman Z2-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, EAM Solar AS's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where EAM Solar AS'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.
EAM Solar AS'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
*
0.5499
+
3.26
*
0
+
6.72
*
0.1188
+
1.05
*
0.3415
=
4.76
* 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.
EAM Solar AS (OSL:EAM) has a Altman Z2-Score of 4.76 as of Jun. 28, 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 EAM Solar AS and its competitors. This is 333% above median its historical median of 1.10. According to the industry distribution chart, EAM Solar AS ranks #86 out of 438 companies in the Utilities - Independent Power Producers industry, placing it in the top 19.6%.
Is EAM Solar AS's Altman Z2-Score too high?
EAM Solar AS's current Altman Z2-Score of 4.76 is 333% above median its 10-year median of 1.10. The Utilities - Independent Power Producers industry median Altman Z2-Score is 1.72. EAM Solar AS's value of 4.76 is 176.7% above this industry median. Based on the distribution chart, EAM Solar AS ranks #86 out of 438 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, EAM Solar AS has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does EAM Solar AS's Altman Z2-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, EAM Solar AS ranks #86 out of 438 companies for Altman Z2-Score. This places EAM Solar AS in the top 20% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 1.72. EAM Solar AS's value of 4.76 is 176.7% above this benchmark. While the company's 10-year median is 1.10 vs. the industry median of 1.72, EAM Solar AS 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 Utilities - Independent Power Producers company?
The median Altman Z2-Score among Utilities - Independent Power Producers companies is 1.72, based on 438 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. EAM Solar AS's current Altman Z2-Score of 4.76 is 176.7% 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 EAM Solar AS and its competitors. For the Utilities - Independent Power Producers industry, the median Altman Z2-Score is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EAM Solar AS's current Altman Z2-Score is 4.76, which is 333% above median its own 10-year median of 1.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EAM Solar AS stock overvalued right now?
Based on GuruFocus' analysis, EAM Solar AS (OSL:EAM) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.54, compared to a current price of kr0.75 — trading 38.9% above its estimated fair value. The current Altman Z2-Score is 4.76, which is 333% above median its 10-year median of 1.10 and 176.7% above the Utilities - Independent Power Producers industry median of 1.72. EAM Solar AS's overall GF Score™ is 28/100 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 EAM Solar AS (OSL:EAM), the current Altman Z2-Score is 4.76 as of Jun. 28, 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 EAM Solar AS (OSL:EAM) Overvalued in 2026?
Based on GuruFocus' analysis, EAM Solar AS stock appears to be overvalued.
The current stock price of kr0.75 is trading 38.9% above its estimated GF Value™ of kr0.54.
GuruFocus considers EAM Solar AS to be Significantly Overvalued.
Key valuation signals for OSL:EAM:
Altman Z2-Score: 4.76 (333% above median its 10-year median of 1.10)
GF Value™: kr0.54 vs. price of kr0.75 (38.9% above fair value)
Industry Position: 176.7% above the Utilities - Independent Power Producers median (#86 of 438)
No single metric tells the full story. See the OSL:EAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EAM Solar AS primary business is to own solar PV power plants and sell electricity under long-term fixed-price sales contracts, and to pursue legal proceedings to restore company values. The Company's primary assets include four solar PV power plants in Italy, in the regions of Apulia and Basilicata in Southern Italy.
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