W5 Solutions AB (OSTO:W5) Altman Z2-Score: 3.60 (As of Jul. 14, 2026) — Near Median

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OSTO:W5 W5 Solutions AB OSTO:W5
77 GF Score
Price kr45.00
GF Value kr85.89
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is W5 Solutions AB Altman Z2-Score?

W5 Solutions AB OSTO:W5 -1.96% 77 Altman Z2-Score is 3.60 as of Jul. 14, 2026, which is 9% below its 10-year median of 3.95. GuruFocus rates OSTO:W5 with a GF Score™ of 77/100 and a GF Value™ of kr85.89 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 346 Aerospace & Defense companies, W5 Solutions AB ranks better than 54.05% 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:

W5 Solutions AB has a Altman Z2-Score of 3.60, 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 W5 Solutions AB's Altman Z2-Score or its related term are showing as below:

OSTO:W5' s Altman Z2-Score Range Over the Past 10 Years
Min: 1.88   Med: 3.95   Max: 5.81
Current: 3.6

During the past 7 years, W5 Solutions AB's highest Altman Z2-Score was 5.81. The lowest was 1.88. And the median was 3.95.


W5 Solutions AB  (OSTO:W5) 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.


W5 Solutions AB Altman Z2-Score Related Terms


W5 Solutions AB Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for W5 Solutions 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.

W5 Solutions AB Altman Z2-Score Chart

W5 Solutions AB Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial 4.30 5.63 1.88 2.12 4.30

W5 Solutions AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.47 2.04 3.31 4.30 3.60

OSTO:W5 vs SPCX, GE, RTX: Altman Z2-Score Comparison

For the Aerospace & Defense subindustry, W5 Solutions 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.


W5 Solutions AB Altman Z2-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, W5 Solutions AB's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where W5 Solutions AB's Altman Z2-Score falls into.


OSTO:W5
77GF Score
W5 Solutions AB OSTO:W5
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

W5 Solutions AB 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.

W5 Solutions 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*0.1907+3.26*0.0719+6.72*0.0548+1.05*1.6608
=3.60

* 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 Mar. 2026:
Total Assets was kr759.1 Mil.
Total Current Assets was kr328.4 Mil.
Total Current Liabilities was kr183.6 Mil.
Retained Earnings was kr54.6 Mil.
Pre-Tax Income was -1.696 + 40.093 + -5.389 + -10.361 = kr22.6 Mil.
Interest Expense was -2.45 + -7.472 + -6.669 + -2.392 = kr-19.0 Mil.
Total Liabilities was kr285.3 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
=(328.376 - 183.618)/759.072
=0.1907

X2=Retained Earnings/Total Assets
=54.577/759.072
=0.0719

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(22.647 - -18.983)/759.072
=0.0548

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(473.788 - 0)/285.284
=1.6608

The zones of discrimination were as such:

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

W5 Solutions AB has a Altman Z2-Score of 3.60 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 3.60 mean?
W5 Solutions AB (OSTO:W5) has a Altman Z2-Score of 3.60 as of Jul. 14, 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 W5 Solutions AB and its competitors. This is near median its historical median of 3.95. Over the past decade, W5 Solutions AB's Altman Z2-Score has ranged from 1.88 to 5.81. According to the industry distribution chart, W5 Solutions AB ranks #159 out of 346 companies in the Aerospace & Defense industry, placing it in the top 46%.
Is W5 Solutions AB's Altman Z2-Score too high?
W5 Solutions AB's current Altman Z2-Score of 3.60 is near median its 10-year median of 3.95. Over the past 10 years, this metric has ranged from a low of 1.88 to a high of 5.81. The Aerospace & Defense industry median Altman Z2-Score is 3.20. W5 Solutions AB's value of 3.60 is 12.5% above this industry median. Based on the distribution chart, W5 Solutions AB ranks #159 out of 346 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, W5 Solutions AB has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does W5 Solutions AB's Altman Z2-Score compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, W5 Solutions AB ranks #159 out of 346 companies for Altman Z2-Score. This puts W5 Solutions AB in the upper half of its industry. The industry median Altman Z2-Score is 3.20. W5 Solutions AB's value of 3.60 is 12.5% above this benchmark. Historically, W5 Solutions AB's own Altman Z2-Score has ranged from 1.88 to 5.81 over the past decade. While the company's 10-year median is 3.95 vs. the industry median of 3.20, W5 Solutions 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 Aerospace & Defense company?
The median Altman Z2-Score among Aerospace & Defense companies is 3.20, based on 346 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. W5 Solutions AB's current Altman Z2-Score of 3.60 is 12.5% 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 W5 Solutions AB and its competitors. For the Aerospace & Defense industry, the median Altman Z2-Score is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. W5 Solutions AB's current Altman Z2-Score is 3.60, which is near median its own 10-year median of 3.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is W5 Solutions AB stock overvalued right now?
Based on GuruFocus' analysis, W5 Solutions AB (OSTO:W5) is currently considered Significantly Undervalued. The stock's GF Value™ is kr85.89, compared to a current price of kr45.00 — trading 47.6% below its estimated fair value. The current Altman Z2-Score is 3.60, which is near median its 10-year median of 3.95 and 12.5% above the Aerospace & Defense industry median of 3.20. W5 Solutions AB's overall GF Score™ is 77/100 with 3 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 W5 Solutions AB (OSTO:W5), the current Altman Z2-Score is 3.60 as of Jul. 14, 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 W5 Solutions AB (OSTO:W5) Overvalued in 2026?

Based on GuruFocus' analysis, W5 Solutions AB stock appears to be undervalued. The current stock price of kr45.00 is trading 47.6% below its estimated GF Value™ of kr85.89. GuruFocus considers W5 Solutions AB to be Significantly Undervalued.

Key valuation signals for OSTO:W5:

  • Altman Z2-Score: 3.60 (near median its 10-year median of 3.95)
  • GF Value™: kr85.89 vs. price of kr45.00 (47.6% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 12.5% above the Aerospace & Defense median (#159 of 346)

No single metric tells the full story. See the OSTO:W5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


W5 Solutions AB Business Description

Other Exchanges EY7:Germany
Address Jakobsdalsvagen 19, Nacka Strand, SWE, 131 52
W5 Solutions AB supplies high-technology systems and solutions to Swedish and international defense contractors and government agencies.
77GF Score

Get the complete analysis for OSTO:W5

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

kr45.00
Price
kr85.89
GF Value