Sanok Rubber Co (WAR:SNK) Altman Z2-Score: 4.52 (As of Aug. 06, 2026) — Near Median

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WAR:SNK Sanok Rubber Co SA WAR:SNK
81 GF Score
Price zł22.10
GF Value zł22.25
Valuation Fairly Valued
! 6 Warning Signs
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What is Sanok Rubber Co Altman Z2-Score?

Sanok Rubber Co WAR:SNK +1.84% 81 Altman Z2-Score is 4.52 as of Aug. 06, 2026, which is 4% above its 10-year median of 4.36. GuruFocus rates WAR:SNK with a GF Score™ of 81/100 and a GF Value™ of zł22.25 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,283 Vehicles & Parts companies, Sanok Rubber Co ranks better than 67.03% 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:

Sanok Rubber Co has a Altman Z2-Score of 4.52, 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 Sanok Rubber Co's Altman Z2-Score or its related term are showing as below:

WAR:SNK' s Altman Z2-Score Range Over the Past 10 Years
Min: 1.82   Med: 4.36   Max: 5.76
Current: 4.52

During the past 13 years, Sanok Rubber Co's highest Altman Z2-Score was 5.76. The lowest was 1.82. And the median was 4.36.


Sanok Rubber Co  (WAR:SNK) 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.


Sanok Rubber Co Altman Z2-Score Related Terms


Sanok Rubber Co Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Sanok Rubber Co'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.

Sanok Rubber Co Altman Z2-Score Chart

Sanok Rubber Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.31 5.52 5.65 4.40 4.92

Sanok Rubber Co 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 4.48 4.27 4.68 4.92 4.52

WAR:SNK vs ORLY, AZO, GPC: Altman Z2-Score Comparison

For the Auto Parts subindustry, Sanok Rubber Co'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.


Sanok Rubber Co Altman Z2-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sanok Rubber Co's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Sanok Rubber Co's Altman Z2-Score falls into.


WAR:SNK
81GF Score
Sanok Rubber Co SA WAR:SNK
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Sanok Rubber Co 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.

Sanok Rubber Co'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*0.3078+3.26*0.3816+6.72*0.0559+1.05*0.8368
=4.52

* 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 zł1,300 Mil.
Total Current Assets was zł697 Mil.
Total Current Liabilities was zł297 Mil.
Retained Earnings was zł496 Mil.
Pre-Tax Income was 8.118 + 14.971 + 16.932 + 17.295 = zł57 Mil.
Interest Expense was -7.966 + 4.631 + -6.571 + -5.41 = zł-15 Mil.
Total Liabilities was zł691 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
=(696.746 - 296.576)/1299.996
=0.3078

X2=Retained Earnings/Total Assets
=496.045/1299.996
=0.3816

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(57.316 - -15.316)/1299.996
=0.0559

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(577.981 - 0)/690.684
=0.8368

The zones of discrimination were as such:

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

Sanok Rubber Co has a Altman Z2-Score of 4.52 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 4.52 mean?
Sanok Rubber Co (WAR:SNK) has a Altman Z2-Score of 4.52 as of Aug. 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 Sanok Rubber Co and its competitors. This is near median its historical median of 4.36. Over the past decade, Sanok Rubber Co's Altman Z2-Score has ranged from 1.82 to 5.76. According to the industry distribution chart, Sanok Rubber Co ranks #423 out of 1283 companies in the Vehicles & Parts industry, placing it in the top 33%.
Is Sanok Rubber Co's Altman Z2-Score too high?
Sanok Rubber Co's current Altman Z2-Score of 4.52 is near median its 10-year median of 4.36. Over the past 10 years, this metric has ranged from a low of 1.82 to a high of 5.76. The Vehicles & Parts industry median Altman Z2-Score is 2.98. Sanok Rubber Co's value of 4.52 is 51.7% above this industry median. Based on the distribution chart, Sanok Rubber Co ranks #423 out of 1283 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Sanok Rubber Co has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sanok Rubber Co's Altman Z2-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Sanok Rubber Co ranks #423 out of 1283 companies for Altman Z2-Score. This puts Sanok Rubber Co in the upper half of its industry. The industry median Altman Z2-Score is 2.98. Sanok Rubber Co's value of 4.52 is 51.7% above this benchmark. Historically, Sanok Rubber Co's own Altman Z2-Score has ranged from 1.82 to 5.76 over the past decade. While the company's 10-year median is 4.36 vs. the industry median of 2.98, Sanok Rubber Co 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 Vehicles & Parts company?
The median Altman Z2-Score among Vehicles & Parts companies is 2.98, based on 1,283 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. Sanok Rubber Co's current Altman Z2-Score of 4.52 is 51.7% 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 Sanok Rubber Co and its competitors. For the Vehicles & Parts industry, the median Altman Z2-Score is 2.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sanok Rubber Co's current Altman Z2-Score is 4.52, which is near median its own 10-year median of 4.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanok Rubber Co stock overvalued right now?
Based on GuruFocus' analysis, Sanok Rubber Co (WAR:SNK) is currently considered Fairly Valued. The stock's GF Value™ is zł22.25, compared to a current price of zł22.10 — trading 0.7% below its estimated fair value. The current Altman Z2-Score is 4.52, which is near median its 10-year median of 4.36 and 51.7% above the Vehicles & Parts industry median of 2.98. Sanok Rubber Co's overall GF Score™ is 81/100 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 Sanok Rubber Co (WAR:SNK), the current Altman Z2-Score is 4.52 as of Aug. 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 Sanok Rubber Co (WAR:SNK) Overvalued in 2026?

Based on GuruFocus' analysis, Sanok Rubber Co stock appears to be undervalued. The current stock price of zł22.10 is trading 0.7% below its estimated GF Value™ of zł22.25. GuruFocus considers Sanok Rubber Co to be Fairly Valued.

Key valuation signals for WAR:SNK:

  • Altman Z2-Score: 4.52 (near median its 10-year median of 4.36)
  • GF Value™: zł22.25 vs. price of zł22.10 (0.7% below fair value)
  • GF Score™: 81/100 with 6 warning signs
  • Industry Position: 51.7% above the Vehicles & Parts median (#423 of 1283)

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


Sanok Rubber Co Business Description

Other Exchanges 1NX:Germany
Address st. Przemyska 24, Sanok, POL, 38-500
Sanok Rubber Co SA manufactures rubber products utilized in the automotive, construction, agriculture, pharmacy, and household appliance markets. The automotive products are used in the seal body systems and the suspensions of the exhaust system. Its construction products are used to seal window and door frames.
81GF Score

Get the complete analysis for WAR:SNK

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

zł22.10
Price
zł22.25
GF Value