PBS FinanseWAR:PBF 75 Altman Z2-Score is 3.80 as of Jul. 06, 2026, which is 25% above its 10-year median of 3.05. GuruFocus rates WAR:PBF with a GF Score™ of 75/100 and a GF Value™ of zł1.36 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 418 Credit Services companies, PBS Finanse ranks worse than 61.24% 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:
PBS Finanse has a Altman Z2-Score of 3.80, 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 PBS Finanse's Altman Z2-Score or its related term are showing as below:
WAR:PBF'
s Altman Z2-Score Range Over the Past 10 Years
Min: -1.09 Med: 3.05 Max: 7.91
Current: 3.8
During the past 13 years, PBS Finanse's highest Altman Z2-Score was 7.91. The lowest was -1.09. And the median was 3.05.
PBS Finanse (WAR:PBF) 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.
PBS Finanse Altman Z2-Score Related Terms
PBS Finanse Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for PBS Finanse'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 Credit Services subindustry, PBS Finanse'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.
PBS Finanse Altman Z2-Score vs Credit Services Industry
For the Credit Services industry and Financial Services sector, PBS Finanse's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where PBS Finanse'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.
PBS Finanse'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
*
0.6922
+
3.26
*
-2.2471
+
6.72
*
0.0099
+
1.05
*
6.2095
=
3.80
* 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.
PBS Finanse (WAR:PBF) has a Altman Z2-Score of 3.80 as of Jul. 06, 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 PBS Finanse and its competitors. This is 25% above median its historical median of 3.05. According to the industry distribution chart, PBS Finanse ranks #256 out of 418 companies in the Credit Services industry, placing it in the top 61.2%.
Is PBS Finanse's Altman Z2-Score too high?
PBS Finanse's current Altman Z2-Score of 3.80 is 25% above median its 10-year median of 3.05. The Credit Services industry median Altman Z2-Score is 5.67. PBS Finanse's value of 3.80 is 32.9% below this industry median. Based on the distribution chart, PBS Finanse ranks #256 out of 418 companies in the Credit Services industry, which is below the industry midpoint. Overall, PBS Finanse has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PBS Finanse's Altman Z2-Score compare to V and MA?
According to the Credit Services industry distribution chart, PBS Finanse ranks #256 out of 418 companies for Altman Z2-Score. This places PBS Finanse in the lower half of its industry. The industry median Altman Z2-Score is 5.67. PBS Finanse's value of 3.80 is 32.9% below this benchmark. While the company's 10-year median is 3.05 vs. the industry median of 5.67, PBS Finanse has consistently been below 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 Credit Services company?
The median Altman Z2-Score among Credit Services companies is 5.67, based on 418 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. PBS Finanse's current Altman Z2-Score of 3.80 is 32.9% below 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 PBS Finanse and its competitors. For the Credit Services industry, the median Altman Z2-Score is 5.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PBS Finanse's current Altman Z2-Score is 3.80, which is 25% above median its own 10-year median of 3.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PBS Finanse stock overvalued right now?
Based on GuruFocus' analysis, PBS Finanse (WAR:PBF) is currently considered Modestly Undervalued. The stock's GF Value™ is zł1.36, compared to a current price of zł1.18 — trading 13.2% below its estimated fair value. The current Altman Z2-Score is 3.80, which is 25% above median its 10-year median of 3.05 and 32.9% below the Credit Services industry median of 5.67. PBS Finanse's overall GF Score™ is 75/100 with 5 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 PBS Finanse (WAR:PBF), the current Altman Z2-Score is 3.80 as of Jul. 06, 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 PBS Finanse (WAR:PBF) Overvalued in 2026?
Based on GuruFocus' analysis, PBS Finanse stock appears to be undervalued.
The current stock price of zł1.18 is trading 13.2% below its estimated GF Value™ of zł1.36.
GuruFocus considers PBS Finanse to be Modestly Undervalued.
Key valuation signals for WAR:PBF:
Altman Z2-Score: 3.80 (25% above median its 10-year median of 3.05)
GF Value™: zł1.36 vs. price of zł1.18 (13.2% below fair value)
Industry Position: 32.9% below the Credit Services median (#256 of 418)
No single metric tells the full story. See the WAR:PBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PBS Finanse SA is a financial service provider to individuals and corporate customers. The company focuses on three areas namely credit intermediation, fast loan, and financial leasing. It also provides services in factoring, insurance, loan, and debt collection sector as well as operations related to software and consultancy in the field of Computer Science and related activities.
75GF Score
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