Nortel Inversora (BUE:NORT6) Altman Z-Score: 1.96 (As of Jul. 12, 2026) — 36% Below Median


What is Nortel Inversora Altman Z-Score?

Nortel Inversora BUE:NORT6 Altman Z-Score is 1.96 as of Jul. 12, 2026, which is 36% below its 10-year median of 3.08. The stock has 9 warning signs investors should review.

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.

Nortel Inversora has a Altman Z-Score of 1.96, indicating it is in Grey Zones. This implies that Nortel Inversora 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 Nortel Inversora's Altman Z-Score or its related term are showing as below:

BUE:NORT6' s Altman Z-Score Range Over the Past 10 Years
Min: -0.05   Med: 3.08   Max: 13.04
Current: 2.11

During the past 13 years, Nortel Inversora's highest Altman Z-Score was 13.04. The lowest was -0.05. And the median was 3.08.


Nortel Inversora  (BUE:NORT6) 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.


Nortel Inversora Altman Z-Score Related Terms


Nortel Inversora Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Nortel Inversora'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.

Nortel Inversora Altman Z-Score Chart

Nortel Inversora Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.10 3.22 3.32 2.70 2.96

Nortel Inversora Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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 2.76 2.96 3.08 3.32 3.57

BUE:NORT6 vs GLIBA, TDCAF: Altman Z-Score Comparison

For the Telecom Services subindustry, Nortel Inversora'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.


Nortel Inversora Altman Z-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Nortel Inversora's Altman Z-Score distribution charts can be found below:

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



Nortel Inversora 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.

Nortel Inversora'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*-0.0235+1.4*0.0537+3.3*0.2054+0.6*0.2927+1.0*1.064
=1.96

* 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 Sep. 2017:
Total Assets was ARS58,074 Mil.
Total Current Assets was ARS19,162 Mil.
Total Current Liabilities was ARS20,524 Mil.
Retained Earnings was ARS3,117 Mil.
Pre-Tax Income was 3145 + 2568 + 3012 + 1751 = ARS10,476 Mil.
Interest Expense was -294 + -282 + -370 + -504 = ARS-1,450 Mil.
Revenue was 16741 + 15841 + 14742 + 14468 = ARS61,792 Mil.
Market Cap (Today) was ARS9,453 Mil.
Total Liabilities was ARS32,296 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
=(19162 - 20524)/58074
=-0.0235

X2=Retained Earnings/Total Assets
=3117/58074
=0.0537

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(10476 - -1450)/58074
=0.2054

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=9453.188/32296
=0.2927

X5=Revenue/Total Assets
=61792/58074
=1.064

The zones of discrimination were as such:

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

Nortel Inversora has a Altman Z-Score of 1.96 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 1.96 mean?
Nortel Inversora (BUE:NORT6) has a Altman Z-Score of 1.96 as of Jul. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Nortel Inversora and its competitors. This is 36% below median its historical median of 3.08.
Is Nortel Inversora's Altman Z-Score too high?
Nortel Inversora's current Altman Z-Score of 1.96 is 36% below median its 10-year median of 3.08. The Telecommunication Services industry median Altman Z-Score is 1.71. Nortel Inversora's value of 1.96 is 14.6% above this industry median.
How does Nortel Inversora's Altman Z-Score compare to GLIBA and TDCAF?
Nortel Inversora's Altman Z-Score of 1.96 can be compared against companies in the Telecommunication Services industry. The industry median Altman Z-Score is 1.71. Nortel Inversora's value of 1.96 is 14.6% above this benchmark. While the company's 10-year median is 3.08 vs. the industry median of 1.71, Nortel Inversora 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 1.71, based on 362 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. Nortel Inversora's current Altman Z-Score of 1.96 is 14.6% 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 Nortel Inversora and its competitors. For the Telecommunication Services industry, the median Altman Z-Score is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nortel Inversora's current Altman Z-Score is 1.96, which is 36% below median its own 10-year median of 3.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nortel Inversora stock overvalued right now?
Nortel Inversora (BUE:NORT6) has a current Altman Z-Score of 1.96. The current Altman Z-Score is 1.96, which is 36% below median its 10-year median of 3.08 and 14.6% above the Telecommunication Services industry median of 1.71. 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 Nortel Inversora (BUE:NORT6), the current Altman Z-Score is 1.96 as of Jul. 12, 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.

Nortel Inversora Business Description

Nortel Inversora SA is a holding company. The company provides fixed-line public telecommunications services and basic telephone services. Nortel operates through the following segments: Fixed Services; Personal Mobile Services; and Nucleo Mobile Services. The Fixed Services division provides a local area, national long-distance and international communications, supplementary services, data transmission, internet services, IT solution outsourcing and sales of equipment. Personal Mobile Services and Nucleo Mobile Services division offerings include voice communications, high-speed mobile internet content and applications download, multimedia messaging services, among others; and sale of mobile communication devices.