BPC Instruments ABXSAT:BPCINS -4.37%69 Altman Z2-Score is 18.42 as of Jul. 03, 2026, which is 18% above its 10-year median of 15.59. GuruFocus rates XSAT:BPCINS with a GF Score™ of 69/100 and a GF Value™ of kr38.22 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,480 Hardware companies, BPC Instruments AB ranks better than 97.78% 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:
BPC Instruments AB has a Altman Z2-Score of 18.42, 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 BPC Instruments AB's Altman Z2-Score or its related term are showing as below:
XSAT:BPCINS'
s Altman Z2-Score Range Over the Past 10 Years
Min: 8.62 Med: 15.59 Max: 22.8
Current: 18.42
During the past 6 years, BPC Instruments AB's highest Altman Z2-Score was 22.80. The lowest was 8.62. And the median was 15.59.
BPC Instruments AB (XSAT:BPCINS) 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.
BPC Instruments AB Altman Z2-Score Related Terms
BPC Instruments AB Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for BPC Instruments 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.
XSAT:BPCINS vs COHR, KEYS, GRMN: Altman Z2-Score Comparison
For the Scientific & Technical Instruments subindustry, BPC Instruments 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.
BPC Instruments AB Altman Z2-Score vs Hardware Industry
For the Hardware industry and Technology sector, BPC Instruments AB's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where BPC Instruments 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.
BPC Instruments 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
*
0.8494
+
3.26
*
0.5173
+
6.72
*
0.1117
+
1.05
*
9.915
=
18.42
* 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.
BPC Instruments AB (XSAT:BPCINS) has a Altman Z2-Score of 18.42 as of Jul. 03, 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 BPC Instruments AB and its competitors. This is 18% above median its historical median of 15.59. Over the past decade, BPC Instruments AB's Altman Z2-Score has ranged from 8.62 to 22.80. According to the industry distribution chart, BPC Instruments AB ranks #55 out of 2480 companies in the Hardware industry, placing it in the top 2.2%.
Is BPC Instruments AB's Altman Z2-Score too high?
BPC Instruments AB's current Altman Z2-Score of 18.42 is 18% above median its 10-year median of 15.59. Over the past 10 years, this metric has ranged from a low of 8.62 to a high of 22.80. The Hardware industry median Altman Z2-Score is 4.09. BPC Instruments AB's value of 18.42 is 350.4% above this industry median. Based on the distribution chart, BPC Instruments AB ranks #55 out of 2480 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, BPC Instruments AB has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BPC Instruments AB's Altman Z2-Score compare to COHR and KEYS?
According to the Hardware industry distribution chart, BPC Instruments AB ranks #55 out of 2480 companies for Altman Z2-Score. This places BPC Instruments AB in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 4.09. BPC Instruments AB's value of 18.42 is 350.4% above this benchmark. Historically, BPC Instruments AB's own Altman Z2-Score has ranged from 8.62 to 22.80 over the past decade. While the company's 10-year median is 15.59 vs. the industry median of 4.09, BPC Instruments 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 a Hardware company?
The median Altman Z2-Score among Hardware companies is 4.09, based on 2,480 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. BPC Instruments AB's current Altman Z2-Score of 18.42 is 350.4% 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 BPC Instruments AB and its competitors. For the Hardware industry, the median Altman Z2-Score is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BPC Instruments AB's current Altman Z2-Score is 18.42, which is 18% above median its own 10-year median of 15.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BPC Instruments AB stock overvalued right now?
Based on GuruFocus' analysis, BPC Instruments AB (XSAT:BPCINS) is currently considered Significantly Undervalued. The stock's GF Value™ is kr38.22, compared to a current price of kr16.40 — trading 57.1% below its estimated fair value. The current Altman Z2-Score is 18.42, which is 18% above median its 10-year median of 15.59 and 350.4% above the Hardware industry median of 4.09. BPC Instruments AB's overall GF Score™ is 69/100 with 2 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 BPC Instruments AB (XSAT:BPCINS), the current Altman Z2-Score is 18.42 as of Jul. 03, 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 BPC Instruments AB (XSAT:BPCINS) Overvalued in 2026?
Based on GuruFocus' analysis, BPC Instruments AB stock appears to be undervalued.
The current stock price of kr16.40 is trading 57.1% below its estimated GF Value™ of kr38.22.
GuruFocus considers BPC Instruments AB to be Significantly Undervalued.
Key valuation signals for XSAT:BPCINS:
Altman Z2-Score: 18.42 (18% above median its 10-year median of 15.59)
GF Value™: kr38.22 vs. price of kr16.40 (57.1% below fair value)
Industry Position: 350.4% above the Hardware median (#55 of 2480)
No single metric tells the full story. See the XSAT:BPCINS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BPC Instruments AB offers instruments for measuring ultra-low gas volume and flow rate. Many biotechnological processes, such as biogas production, are performed by microorganisms. The company develops and sells automated analytical apparatuses that analyze these reactions. The segments of the company are: Biogas; Biodegradability; Animal nutrition; and Others. Geographically, the company operates in Asia-Pacific, EMEA, China, USA, and Scandinavia.
69GF Score
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