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.
Warning Sign:
Altman Z-score of 2.71 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Hellenic Telecommunication Organization has a Altman Z-Score of 2.70, indicating it is in Grey Zones. This implies that Hellenic Telecommunication Organization is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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.
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.
* 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 Telecom Services subindustry, Hellenic Telecommunication Organization'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.
Hellenic Telecommunication Organization Altman Z-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Hellenic Telecommunication Organization's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Hellenic Telecommunication Organization's Altman Z-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.
* 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.
Hellenic Telecommunication Organization (ATH:HTO) has a Altman Z-Score of 2.70 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hellenic Telecommunication Organization and its competitors. This is 18% above median its historical median of 2.29. Over the past decade, Hellenic Telecommunication Organization's Altman Z-Score has ranged from 1.93 to 3.26. According to the industry distribution chart, Hellenic Telecommunication Organization ranks #106 out of 366 companies in the Telecommunication Services industry, placing it in the top 29%.
Is Hellenic Telecommunication Organization's Altman Z-Score too high?
Hellenic Telecommunication Organization's current Altman Z-Score of 2.70 is 18% above median its 10-year median of 2.29. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 3.26. The Telecommunication Services industry median Altman Z-Score is 1.72. Hellenic Telecommunication Organization's value of 2.70 is 57% above this industry median. Based on the distribution chart, Hellenic Telecommunication Organization ranks #106 out of 366 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Hellenic Telecommunication Organization has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hellenic Telecommunication Organization's Altman Z-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Hellenic Telecommunication Organization ranks #106 out of 366 companies for Altman Z-Score. This puts Hellenic Telecommunication Organization in the upper half of its industry. The industry median Altman Z-Score is 1.72. Hellenic Telecommunication Organization's value of 2.70 is 57% above this benchmark. Historically, Hellenic Telecommunication Organization's own Altman Z-Score has ranged from 1.93 to 3.26 over the past decade. While the company's 10-year median is 2.29 vs. the industry median of 1.72, Hellenic Telecommunication Organization 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 Telecommunication Services company?
The median Altman Z-Score among Telecommunication Services companies is 1.72, based on 366 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. Hellenic Telecommunication Organization's current Altman Z-Score of 2.70 is 57% 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 Hellenic Telecommunication Organization and its competitors. For the Telecommunication Services industry, the median Altman Z-Score is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hellenic Telecommunication Organization's current Altman Z-Score is 2.70, which is 18% above median its own 10-year median of 2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hellenic Telecommunication Organization stock overvalued right now?
Based on GuruFocus' analysis, Hellenic Telecommunication Organization (ATH:HTO) is currently considered Modestly Overvalued. The stock's GF Value™ is €14.79, compared to a current price of €19.11 — trading 29.2% above its estimated fair value. The current Altman Z-Score is 2.70, which is 18% above median its 10-year median of 2.29 and 57% above the Telecommunication Services industry median of 1.72. Hellenic Telecommunication Organization's overall GF Score™ is 82/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Hellenic Telecommunication Organization (ATH:HTO), the current Altman Z-Score is 2.70 as of Jun. 25, 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 Hellenic Telecommunication Organization (ATH:HTO) Overvalued in 2026?
Based on GuruFocus' analysis, Hellenic Telecommunication Organization stock appears to be overvalued.
The current stock price of €19.11 is trading 29.2% above its estimated GF Value™ of €14.79.
GuruFocus considers Hellenic Telecommunication Organization to be Modestly Overvalued.
Key valuation signals for ATH:HTO:
Altman Z-Score: 2.70 (18% above median its 10-year median of 2.29)
GF Value™: €14.79 vs. price of €19.11 (29.2% above fair value)
Industry Position: 57% above the Telecommunication Services median (#106 of 366)
No single metric tells the full story. See the ATH:HTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hellenic Telecommunication Organization Business Description
Hellenic Telecommunication Organization SA is a telecommunications company that offers Internet access services, TV services, broadband, fixed-line services, and mobile telecommunication. The reportable segments of the company are as follows: i) Greece - Fixed business includes fixed-line services, internet access services, national and international wholesale services, and TV services in Greece. ii) Greece - Mobile business includes mobile telecommunications services and retail operations (shops). iii) TELEKOM ROMANIA MOBILE provides mobile telecommunications services in Romania.
82GF Score
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