Universal Display (BSP:O2LE34) Altman Z-Score: 2.86 (As of Jun. 24, 2026) — 86% Below Median


BSP:O2LE34 Universal Display Corp BSP:O2LE34
57 GF Score
Price R$25.07
GF Value R$44.96
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Universal Display Altman Z-Score?

Universal Display BSP:O2LE34 57 Altman Z-Score is 2.86 as of Jun. 24, 2026, which is 86% below its 10-year median of 20.45. GuruFocus rates BSP:O2LE34 with a GF Score™ of 57/100 and a GF Value™ of R$44.96 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 2,456 Hardware companies, Universal Display ranks better than 89.62% 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 14.72 is strong.

Universal Display has a Altman Z-Score of 2.86, indicating it is in Grey Zones. This implies that Universal Display 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.

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

BSP:O2LE34' s Altman Z-Score Range Over the Past 10 Years
Min: 10.61   Med: 20.45   Max: 42.31
Current: 14.72

During the past 13 years, Universal Display's highest Altman Z-Score was 42.31. The lowest was 10.61. And the median was 20.45.


Universal Display  (BSP:O2LE34) 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.


Universal Display Altman Z-Score Related Terms


Universal Display Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Universal Display'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.

Universal Display Altman Z-Score Chart

Universal Display 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 14.84 14.20 26.58 21.36 18.54

Universal Display 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 21.57 22.44 22.33 18.54 15.61

BSP:O2LE34 vs BELFB, OSIS, KN: Altman Z-Score Comparison

For the Electronic Components subindustry, Universal Display'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.


Universal Display Altman Z-Score vs Hardware Industry

For the Hardware industry and Technology sector, Universal Display's Altman Z-Score distribution charts can be found below:

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


BSP:O2LE34
57GF Score
Universal Display Corp BSP:O2LE34
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Universal Display 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.

Universal Display'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*0.4404+1.4*0.5819+3.3*0.1424+0.6*1.175+1.0*0.342
=2.86

* 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 R$9,909 Mil.
Total Current Assets was R$4,875 Mil.
Total Current Liabilities was R$511 Mil.
Retained Earnings was R$5,766 Mil.
Pre-Tax Income was 236.864 + 418.267 + 290.331 + 465.171 = R$1,411 Mil.
Interest Expense was 0 + 0 + 0 + 0 = R$0 Mil.
Revenue was 743.707 + 943.438 + 748.745 + 952.735 = R$3,389 Mil.
Market Cap (Today) was R$1,172 Mil.
Total Liabilities was R$997 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
=(4875.441 - 511.267)/9908.607
=0.4404

X2=Retained Earnings/Total Assets
=5765.576/9908.607
=0.5819

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1410.633 - 0)/9908.607
=0.1424

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1172.023/997.473
=1.175

X5=Revenue/Total Assets
=3388.625/9908.607
=0.342

The zones of discrimination were as such:

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

Universal Display has a Altman Z-Score of 2.86 indicating it is in Grey 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 2.86 mean?
Universal Display (BSP:O2LE34) has a Altman Z-Score of 2.86 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Universal Display and its competitors. This is 86% below median its historical median of 20.45. Over the past decade, Universal Display's Altman Z-Score has ranged from 10.61 to 42.31. According to the industry distribution chart, Universal Display ranks #255 out of 2456 companies in the Hardware industry, placing it in the top 10.4%.
Is Universal Display's Altman Z-Score too high?
Universal Display's current Altman Z-Score of 2.86 is 86% below median its 10-year median of 20.45. Over the past 10 years, this metric has ranged from a low of 10.61 to a high of 42.31. The Hardware industry median Altman Z-Score is 3.71. Universal Display's value of 2.86 is 22.9% below this industry median. Based on the distribution chart, Universal Display ranks #255 out of 2456 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Universal Display has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Universal Display's Altman Z-Score compare to BELFB and OSIS?
According to the Hardware industry distribution chart, Universal Display ranks #255 out of 2456 companies for Altman Z-Score. This places Universal Display in the top 10% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.71. Universal Display's value of 2.86 is 22.9% below this benchmark. Historically, Universal Display's own Altman Z-Score has ranged from 10.61 to 42.31 over the past decade. While the company's 10-year median is 20.45 vs. the industry median of 3.71, Universal Display 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 Z-Score for a Hardware company?
The median Altman Z-Score among Hardware companies is 3.71, based on 2,456 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. Universal Display's current Altman Z-Score of 2.86 is 22.9% 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 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 Universal Display and its competitors. For the Hardware industry, the median Altman Z-Score is 3.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Universal Display's current Altman Z-Score is 2.86, which is 86% below median its own 10-year median of 20.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Display stock overvalued right now?
Based on GuruFocus' analysis, Universal Display (BSP:O2LE34) is currently considered Significantly Undervalued. The stock's GF Value™ is R$44.96, compared to a current price of R$25.07 — trading 44.2% below its estimated fair value. The current Altman Z-Score is 2.86, which is 86% below median its 10-year median of 20.45 and 22.9% below the Hardware industry median of 3.71. Universal Display's overall GF Score™ is 57/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Universal Display (BSP:O2LE34), the current Altman Z-Score is 2.86 as of Jun. 24, 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 Universal Display (BSP:O2LE34) Overvalued in 2026?

Based on GuruFocus' analysis, Universal Display stock appears to be undervalued. The current stock price of R$25.07 is trading 44.2% below its estimated GF Value™ of R$44.96. GuruFocus considers Universal Display to be Significantly Undervalued.

Key valuation signals for BSP:O2LE34:

  • Altman Z-Score: 2.86 (86% below median its 10-year median of 20.45)
  • GF Value™: R$44.96 vs. price of R$25.07 (44.2% below fair value)
  • GF Score™: 57/100 with 2 warning signs
  • Industry Position: 22.9% below the Hardware median (#255 of 2456)

No single metric tells the full story. See the BSP:O2LE34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Universal Display Business Description

Other Exchanges OLED:USA0LJE:UKUVD:Germany
Address 250 Phillips Boulevard, Ewing, NJ, USA, 08618
Universal Display Corp researches, develops, and manufactures organic light-emitting diode, or OLED, technologies for use in displays for mobile phones, tablets, televisions, wearables, personal computers, automotive interiors, and the solid-state lighting market. OLED technologies are an alternative to light-emitting diode, or LED, technologies, in the solid-state lighting market, and liquid crystal displays in the flat-panel-display market. The Company has one reportable business segment being OLED technologies and materials. The large majority of the firm's revenue is generated in South Korea, with the rest coming from Japan, China, the United States, and other countries across the world.
57GF Score

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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$25.07
Price
R$44.96
GF Value