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.
Arise AB has a Altman Z2-Score of 2.01, indicating it is in Grey Zones. This implies that Arise AB 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 Arise AB's Altman Z2-Score or its related term are showing as below:
OSTO:ARISE'
s Altman Z2-Score Range Over the Past 10 Years
Min: -0.85 Med: 1.13 Max: 6.66
Current: 2.01
During the past 13 years, Arise AB's highest Altman Z2-Score was 6.66. The lowest was -0.85. And the median was 1.13.
Arise AB (OSTO:ARISE) 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.
Arise AB Altman Z2-Score Related Terms
Arise AB Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Arise AB'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 Utilities - Renewable subindustry, Arise AB'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.
Arise AB Altman Z2-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Arise AB's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Arise AB'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.
Arise AB'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
*
0.0054
+
3.26
*
0
+
6.72
*
0.0252
+
1.05
*
1.7224
=
2.01
* 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.
Arise AB (OSTO:ARISE) has a Altman Z2-Score of 2.01 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 Arise AB and its competitors. This is 78% above median its historical median of 1.13.
Is Arise AB's Altman Z2-Score too high?
Arise AB's current Altman Z2-Score of 2.01 is 78% above median its 10-year median of 1.13. The Utilities - Independent Power Producers industry median Altman Z2-Score is 1.72. Arise AB's value of 2.01 is 16.9% above this industry median. Overall, Arise AB has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Arise AB's Altman Z2-Score compare to competitors?
Arise AB's Altman Z2-Score of 2.01 can be compared against companies in the Utilities - Independent Power Producers industry. The industry median Altman Z2-Score is 1.72. Arise AB's value of 2.01 is 16.9% above this benchmark. While the company's 10-year median is 1.13 vs. the industry median of 1.72, Arise AB 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. Arise AB's current Altman Z2-Score of 2.01 is 16.9% 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 Arise AB 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. Arise AB's current Altman Z2-Score is 2.01, which is 78% above median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arise AB stock overvalued right now?
Arise AB (OSTO:ARISE) has a current Altman Z2-Score of 2.01. The stock's GF Value™ is kr45.90, compared to a current price of kr44.60 — trading 2.8% below its estimated fair value. The current Altman Z2-Score is 2.01, which is 78% above median its 10-year median of 1.13 and 16.9% above the Utilities - Independent Power Producers industry median of 1.72. Arise AB's overall GF Score™ is 86/100 with 11 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 Arise AB (OSTO:ARISE), the current Altman Z2-Score is 2.01 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 Arise AB (OSTO:ARISE) Overvalued in 2026?
Based on GuruFocus' analysis, Arise AB stock appears to be undervalued.
The current stock price of kr44.60 is trading 2.8% below its estimated GF Value™ of kr45.90.
Key valuation signals for OSTO:ARISE:
Altman Z2-Score: 2.01 (78% above median its 10-year median of 1.13)
GF Value™: kr45.90 vs. price of kr44.60 (2.8% below fair value)
Industry Position: 16.9% above the Utilities - Independent Power Producers median
No single metric tells the full story. See the OSTO:ARISE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arise AB is one of Sweden's independent companies in renewable energy, primarily focusing on onshore wind, solar and battery energy storage. The company operates in three segments: Development, Production and Solutions. The Development segment includes project development. The Production segment includes the company's 11 wholly owned wind farms located in southern Sweden, with a total installed capacity of 172 MW. The Solutions segment offers the company's services such as construction management, technical and financial management and other sale of services.
86GF Score
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