Viromed Medical AG (XTER:VME) Altman Z2-Score: 1.77 (As of Jun. 30, 2026) — 97% Below Median


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What is Viromed Medical AG Altman Z2-Score?

Viromed Medical AG XTER:VME -2.11% 17 Altman Z2-Score is 1.77 as of Jun. 30, 2026, which is 97% below its 10-year median of 58.68. GuruFocus rates XTER:VME with a GF Score™ of 17/100. The stock has 5 warning signs investors should review. Among 845 Medical Devices & Instruments companies, Viromed Medical AG ranks worse than 61.3% 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.

Viromed Medical AG has a Altman Z2-Score of 1.77, indicating it is in Grey Zones. This implies that Viromed Medical AG 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 Viromed Medical AG's Altman Z2-Score or its related term are showing as below:

XTER:VME' s Altman Z2-Score Range Over the Past 10 Years
Min: 0.68   Med: 58.68   Max: 134.98
Current: 1.77

During the past 5 years, Viromed Medical AG's highest Altman Z2-Score was 134.98. The lowest was 0.68. And the median was 58.68.


Viromed Medical AG  (XTER:VME) 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.


Viromed Medical AG Altman Z2-Score Related Terms


Viromed Medical AG Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Viromed Medical AG'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.

Viromed Medical AG Altman Z2-Score Chart

Viromed Medical AG Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
134.98 121.12 58.68 0.68 1.77

Viromed Medical AG Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only 58.68 0.00 0.68 0.00 1.77

XTER:VME vs ABT, SYK, MDT: Altman Z2-Score Comparison

For the Medical Devices subindustry, Viromed Medical AG'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.


Viromed Medical AG Altman Z2-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Viromed Medical AG's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Viromed Medical AG's Altman Z2-Score falls into.


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Viromed Medical AG 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.

Viromed Medical AG'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*0.2595+3.26*-0.8801+6.72*-0.0384+1.05*3.0448
=1.77

* 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 Dec. 2025:
Total Assets was €13.91 Mil.
Total Current Assets was €5.68 Mil.
Total Current Liabilities was €2.07 Mil.
Retained Earnings was €-12.25 Mil.
Pre-Tax Income was €-0.73 Mil.
Interest Expense was €-0.20 Mil.
Total Liabilities was €3.44 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
=(5.682 - 2.072)/13.914
=0.2595

X2=Retained Earnings/Total Assets
=-12.246/13.914
=-0.8801

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.73 - -0.196)/13.914
=-0.0384

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(10.474 - 0)/3.44
=3.0448

The zones of discrimination were as such:

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

Viromed Medical AG has a Altman Z2-Score of 1.77 indicating it is in Grey Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 1.77 mean?
Viromed Medical AG (XTER:VME) has a Altman Z2-Score of 1.77 as of Jun. 30, 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 Viromed Medical AG and its competitors. This is 97% below median its historical median of 58.68. Over the past decade, Viromed Medical AG's Altman Z2-Score has ranged from 0.68 to 134.98. According to the industry distribution chart, Viromed Medical AG ranks #518 out of 845 companies in the Medical Devices & Instruments industry, placing it in the top 61.3%.
Is Viromed Medical AG's Altman Z2-Score too high?
Viromed Medical AG's current Altman Z2-Score of 1.77 is 97% below median its 10-year median of 58.68. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 134.98. The Medical Devices & Instruments industry median Altman Z2-Score is 3.48. Viromed Medical AG's value of 1.77 is 49.1% below this industry median. Based on the distribution chart, Viromed Medical AG ranks #518 out of 845 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Viromed Medical AG has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Viromed Medical AG's Altman Z2-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Viromed Medical AG ranks #518 out of 845 companies for Altman Z2-Score. This places Viromed Medical AG in the lower half of its industry. The industry median Altman Z2-Score is 3.48. Viromed Medical AG's value of 1.77 is 49.1% below this benchmark. Historically, Viromed Medical AG's own Altman Z2-Score has ranged from 0.68 to 134.98 over the past decade. While the company's 10-year median is 58.68 vs. the industry median of 3.48, Viromed Medical AG 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 Medical Devices & Instruments company?
The median Altman Z2-Score among Medical Devices & Instruments companies is 3.48, based on 845 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. Viromed Medical AG's current Altman Z2-Score of 1.77 is 49.1% 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 Viromed Medical AG and its competitors. For the Medical Devices & Instruments industry, the median Altman Z2-Score is 3.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viromed Medical AG's current Altman Z2-Score is 1.77, which is 97% below median its own 10-year median of 58.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viromed Medical AG stock overvalued right now?
Viromed Medical AG (XTER:VME) has a current Altman Z2-Score of 1.77. The current Altman Z2-Score is 1.77, which is 97% below median its 10-year median of 58.68 and 49.1% below the Medical Devices & Instruments industry median of 3.48. Viromed Medical AG's overall GF Score™ is 17/100 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 Viromed Medical AG (XTER:VME), the current Altman Z2-Score is 1.77 as of Jun. 30, 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.

Viromed Medical AG Business Description

Address Hauptstrasse 105, Rellingen, Pinneberg, SH, DEU, 25462
Viromed Medical AG is a medical technology company. It focuses on using cold plasma technology to develop medical solutions that protect people from viruses, bacteria, and multi-resistant germs. Viromed's product offerings include ViroCAP, a medical device based on cold plasma technology for treating wounds; ViroCAP derma-podo, a medical device that uses cold atmospheric plasma therapy for skin and foot care; and a Raumluftentkeimer. The company covers the entire value chain from research and development to production, logistics, marketing, and sales of its products.
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