AMBBY (Ambu AS) Altman Z-Score: 8.90 (As of Jun. 27, 2026) — 23% Below Median


AMBBY Ambu AS AMBBY
84 GF Score
Price $9.43
GF Value $19.37
Valuation Significantly Undervalued
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What is Ambu AS Altman Z-Score?

Ambu AS AMBBY 84 Altman Z-Score is 8.90 as of Jun. 27, 2026, which is 23% below its 10-year median of 11.57. GuruFocus rates AMBBY with a GF Score™ of 84/100 and a GF Value™ of $19.37 (Significantly Undervalued). Among 809 Medical Devices & Instruments companies, Ambu AS ranks better than 79.73% on this metric.

The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.

Good Sign:

Altman Z-score of 8.67 is strong.

Ambu AS has a Altman Z-Score of 8.90, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

The historical rank and industry rank for Ambu AS's Altman Z-Score or its related term are showing as below:

AMBBY' s Altman Z-Score Range Over the Past 10 Years
Min: 4.3   Med: 11.57   Max: 33.18
Current: 8.67

During the past 13 years, Ambu AS's highest Altman Z-Score was 33.18. The lowest was 4.30. And the median was 11.57.


Ambu AS  (OTCPK:AMBBY) Altman Z-Score Explanation

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, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Ambu AS Altman Z-Score Related Terms


Ambu AS Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Ambu AS's Altman Z-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.

Ambu AS Altman Z-Score Chart

Ambu AS Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.19 4.30 10.09 15.65 11.54

Ambu AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-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 14.93 13.07 11.54 11.60 9.71

AMBBY vs ABT, SYK, MDT: Altman Z-Score Comparison

For the Medical Devices subindustry, Ambu AS's Altman Z-Score, along with its competitors' market caps and Altman Z-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.


Ambu AS Altman Z-Score vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Ambu AS's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Ambu AS's Altman Z-Score falls into.


AMBBY
84GF Score
Ambu AS AMBBY
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Ambu AS Altman Z-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.

Ambu AS's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.2605+1.4*0.7702+3.3*0.0884+0.6*10.6756+1.0*0.8085
=8.90

* 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 Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was $1,176.4 Mil.
Total Current Assets was $466.0 Mil.
Total Current Liabilities was $159.6 Mil.
Retained Earnings was $906.1 Mil.
Pre-Tax Income was 24.283 + 23.987 + 23.589 + 24.737 = $96.6 Mil.
Interest Expense was -2.939 + -2.352 + -0.157 + -2.01 = $-7.5 Mil.
Revenue was 243.299 + 244.262 + 230.539 + 232.993 = $951.1 Mil.
Market Cap (Today) was $2,485.1 Mil.
Total Liabilities was $232.8 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
=(466.026 - 159.621)/1176.434
=0.2605

X2=Retained Earnings/Total Assets
=906.068/1176.434
=0.7702

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(96.596 - -7.458)/1176.434
=0.0884

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2485.088/232.781
=10.6756

X5=Revenue/Total Assets
=951.093/1176.434
=0.8085

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Ambu AS has a Altman Z-Score of 8.90 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 8.90 mean?
Ambu AS (AMBBY) has a Altman Z-Score of 8.90 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ambu AS and its competitors. This is 23% below median its historical median of 11.57. Over the past decade, Ambu AS's Altman Z-Score has ranged from 4.30 to 33.18. According to the industry distribution chart, Ambu AS ranks #164 out of 809 companies in the Medical Devices & Instruments industry, placing it in the top 20.3%.
Is Ambu AS's Altman Z-Score too high?
Ambu AS's current Altman Z-Score of 8.90 is 23% below median its 10-year median of 11.57. Over the past 10 years, this metric has ranged from a low of 4.30 to a high of 33.18. The Medical Devices & Instruments industry median Altman Z-Score is 2.92. Ambu AS's value of 8.90 is 204.8% above this industry median. Based on the distribution chart, Ambu AS ranks #164 out of 809 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Ambu AS has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ambu AS's Altman Z-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Ambu AS ranks #164 out of 809 companies for Altman Z-Score. This places Ambu AS in the top 20% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.92. Ambu AS's value of 8.90 is 204.8% above this benchmark. Historically, Ambu AS's own Altman Z-Score has ranged from 4.30 to 33.18 over the past decade. While the company's 10-year median is 11.57 vs. the industry median of 2.92, Ambu AS 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 Z-Score for a Medical Devices & Instruments company?
The median Altman Z-Score among Medical Devices & Instruments companies is 2.92, based on 809 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ambu AS's current Altman Z-Score of 8.90 is 204.8% 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ambu AS and its competitors. For the Medical Devices & Instruments industry, the median Altman Z-Score is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ambu AS's current Altman Z-Score is 8.90, which is 23% below median its own 10-year median of 11.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ambu AS stock overvalued right now?
Based on GuruFocus' analysis, Ambu AS (AMBBY) is currently considered Significantly Undervalued. The stock's GF Value™ is $19.37, compared to a current price of $9.43 — trading 51.3% below its estimated fair value. The current Altman Z-Score is 8.90, which is 23% below median its 10-year median of 11.57 and 204.8% above the Medical Devices & Instruments industry median of 2.92. Ambu AS's overall GF Score™ is 84/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Ambu AS (AMBBY), the current Altman Z-Score is 8.90 as of Jun. 27, 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 Ambu AS (AMBBY) Overvalued in 2026?

Based on GuruFocus' analysis, Ambu AS stock appears to be undervalued. The current stock price of $9.43 is trading 51.3% below its estimated GF Value™ of $19.37. GuruFocus considers Ambu AS to be Significantly Undervalued.

Key valuation signals for AMBBY:

  • Altman Z-Score: 8.90 (23% below median its 10-year median of 11.57)
  • GF Value™: $19.37 vs. price of $9.43 (51.3% below fair value)
  • GF Score™: 84/100
  • Industry Position: 204.8% above the Medical Devices & Instruments median (#164 of 809)

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


Ambu AS Business Description

Address Baltorpbakken 13, Ballerup, DNK, DK-2750
Ambu AS provides medical technology solutions. The company's business consists of research and development of new solutions, which are then manufactured, marketed, and sold. It operates in two verticals: Endoscopy Solutions and Anesthesia & Patient Monitoring, with the majority of revenue being generated from the Endoscopy Solutions business. Geographical segments include North America, Europe, and the Rest of the World.
84GF Score

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$9.43
Price
$19.37
GF Value