BOVNF (BioInvent International AB) Altman Z-Score: 9.00 (As of Jul. 01, 2026) — 18% Below Median


BOVNF BioInvent International AB BOVNF
53 GF Score
Price $3.29
GF Value $6.77
! 4 Warning Signs
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What is BioInvent International AB Altman Z-Score?

BioInvent International AB BOVNF 53 Altman Z-Score is 9.00 as of Jul. 01, 2026, which is 18% below its 10-year median of 11.02. GuruFocus rates BOVNF with a GF Score™ of 53/100 and a GF Value™ of $6.77. The stock has 4 warning signs investors should review. Among 929 Biotechnology companies, BioInvent International AB ranks better than 76.43% 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 9.21 is strong.

BioInvent International AB has a Altman Z-Score of 9.00, 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 BioInvent International AB's Altman Z-Score or its related term are showing as below:

BOVNF' s Altman Z-Score Range Over the Past 10 Years
Min: -8.79   Med: 11.02   Max: 27.99
Current: 9.21

During the past 13 years, BioInvent International AB's highest Altman Z-Score was 27.99. The lowest was -8.79. And the median was 11.02.


BioInvent International AB  (OTCPK:BOVNF) 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.


BioInvent International AB Altman Z-Score Related Terms


BioInvent International AB Altman Z-Score Historical Data

* Premium members only.

The historical data trend for BioInvent International AB'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.

BioInvent International AB Altman Z-Score Chart

BioInvent International AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.41 10.84 5.99 10.25 3.16

BioInvent International AB 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 12.37 13.08 10.79 3.16 8.43

BOVNF vs VRTX, REGN, ALNY: Altman Z-Score Comparison

For the Biotechnology subindustry, BioInvent International AB'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.


BioInvent International AB Altman Z-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, BioInvent International AB's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where BioInvent International AB's Altman Z-Score falls into.


BOVNF
53GF Score
BioInvent International AB BOVNF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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BioInvent International AB 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.

BioInvent International AB'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*0.7675+1.4*0+3.3*-0.6261+0.6*16.2397+1.0*0.3983
=9.00

* 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 $57.42 Mil.
Total Current Assets was $54.28 Mil.
Total Current Liabilities was $10.21 Mil.
Retained Earnings was $0.00 Mil.
Pre-Tax Income was -12.788 + -13.517 + -13.716 + 4.074 = $-35.95 Mil.
Interest Expense was 0 + 0 + 0 + 0 = $0.00 Mil.
Revenue was 1.441 + 0.325 + 0.354 + 20.747 = $22.87 Mil.
Market Cap (Today) was $167.07 Mil.
Total Liabilities was $10.29 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
=(54.276 - 10.209)/57.416
=0.7675

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-35.947 - 0)/57.416
=-0.6261

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=167.074/10.288
=16.2397

X5=Revenue/Total Assets
=22.867/57.416
=0.3983

The zones of discrimination were as such:

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

BioInvent International AB has a Altman Z-Score of 9.00 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 9.00 mean?
BioInvent International AB (BOVNF) has a Altman Z-Score of 9.00 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on BioInvent International AB and its competitors. This is 18% below median its historical median of 11.02. According to the industry distribution chart, BioInvent International AB ranks #219 out of 929 companies in the Biotechnology industry, placing it in the top 23.6%.
Is BioInvent International AB's Altman Z-Score too high?
BioInvent International AB's current Altman Z-Score of 9.00 is 18% below median its 10-year median of 11.02. The Biotechnology industry median Altman Z-Score is 2.60. BioInvent International AB's value of 9.00 is 246.2% above this industry median. Based on the distribution chart, BioInvent International AB ranks #219 out of 929 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, BioInvent International AB has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does BioInvent International AB's Altman Z-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, BioInvent International AB ranks #219 out of 929 companies for Altman Z-Score. This places BioInvent International AB in the top 24% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.60. BioInvent International AB's value of 9.00 is 246.2% above this benchmark. While the company's 10-year median is 11.02 vs. the industry median of 2.60, BioInvent International 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 Z-Score for a Biotechnology company?
The median Altman Z-Score among Biotechnology companies is 2.60, based on 929 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. BioInvent International AB's current Altman Z-Score of 9.00 is 246.2% 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 BioInvent International AB and its competitors. For the Biotechnology industry, the median Altman Z-Score is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BioInvent International AB's current Altman Z-Score is 9.00, which is 18% below median its own 10-year median of 11.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BioInvent International AB stock overvalued right now?
BioInvent International AB (BOVNF) has a current Altman Z-Score of 9.00. The stock's GF Value™ is $6.77, compared to a current price of $3.29 — trading 51.4% below its estimated fair value. The current Altman Z-Score is 9.00, which is 18% below median its 10-year median of 11.02 and 246.2% above the Biotechnology industry median of 2.60. BioInvent International AB's overall GF Score™ is 53/100 with 4 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 BioInvent International AB (BOVNF), the current Altman Z-Score is 9.00 as of Jul. 01, 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 BioInvent International AB (BOVNF) Overvalued in 2026?

Based on GuruFocus' analysis, BioInvent International AB stock appears to be undervalued. The current stock price of $3.29 is trading 51.4% below its estimated GF Value™ of $6.77.

Key valuation signals for BOVNF:

  • Altman Z-Score: 9.00 (18% below median its 10-year median of 11.02)
  • GF Value™: $6.77 vs. price of $3.29 (51.4% below fair value)
  • GF Score™: 53/100 with 4 warning signs
  • Industry Position: 246.2% above the Biotechnology median (#219 of 929)

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


BioInvent International AB Business Description

Address Ideongatan 1, Lund, SWE, SE-223 70
BioInvent International AB is a clinical-stage biotech company. It discovers and develops novel and first-in-class immuno-modulatory antibodies for cancer therapy, with currently four drug candidates in five ongoing clinical programs in Phase 1/2 trials for the treatment of hematological cancer and solid tumors, respectively. The company's validated, proprietary F.I.R.S.T technology platform identifies both targets and the antibodies that bind to them, generating many new drug candidates to fuel the company's clinical development pipeline and providing licensing and partnering opportunities. The company's pipeline portfolio comprises BI-1206, an antagonistic blocking antibody for the treatment of non-Hodgkin's lymphoma, and BI-1808 and BI-1910 (anti-TNFR2) for solid cancers.
53GF Score

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