CTT Systems ABCHIX:CTTS 86 Altman Z-Score is 12.07 as of Jun. 26, 2026, which is 22% below its 10-year median of 15.46. GuruFocus rates CHIX:CTTS with a GF Score™ of 86/100 and a GF Value™ of kr347.48. The stock has 3 warning signs investors should review. Among 337 Aerospace & Defense companies, CTT Systems AB ranks better than 89.02% 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 12.21 is strong.
CTT Systems AB has a Altman Z-Score of 12.07, 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 CTT Systems AB's Altman Z-Score or its related term are showing as below:
CHIX:CTTs'
s Altman Z-Score Range Over the Past 10 Years
Min: 6.8 Med: 15.46 Max: 25.86
Current: 12.21
During the past 13 years, CTT Systems AB's highest Altman Z-Score was 25.86. The lowest was 6.80. And the median was 15.46.
CTT Systems AB (CHIX:CTTs) 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.
Altman Z-Score does not apply to financial companies.
CTT Systems AB Altman Z-Score Related Terms
CTT Systems AB Altman Z-Score Historical Data
* Premium members only.
The historical data trend for CTT Systems 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.
CHIX:CTTS vs GE, RTX, BA: Altman Z-Score Comparison
For the Aerospace & Defense subindustry, CTT Systems 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.
CTT Systems AB Altman Z-Score vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, CTT Systems AB's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where CTT Systems AB'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.
CTT Systems 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
*
0.4053
+
1.4
*
0
+
3.3
*
0.146
+
0.6
*
17.2282
+
1.0
*
0.7616
=
12.07
* 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.
CTT Systems AB (CHIX:CTTS) has a Altman Z-Score of 12.07 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on CTT Systems AB and its competitors. This is 22% below median its historical median of 15.46. Over the past decade, CTT Systems AB's Altman Z-Score has ranged from 6.80 to 25.86. According to the industry distribution chart, CTT Systems AB ranks #37 out of 337 companies in the Aerospace & Defense industry, placing it in the top 11%.
Is CTT Systems AB's Altman Z-Score too high?
CTT Systems AB's current Altman Z-Score of 12.07 is 22% below median its 10-year median of 15.46. Over the past 10 years, this metric has ranged from a low of 6.80 to a high of 25.86. The Aerospace & Defense industry median Altman Z-Score is 3.55. CTT Systems AB's value of 12.07 is 240% above this industry median. Based on the distribution chart, CTT Systems AB ranks #37 out of 337 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, CTT Systems AB has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does CTT Systems AB's Altman Z-Score compare to GE and RTX?
According to the Aerospace & Defense industry distribution chart, CTT Systems AB ranks #37 out of 337 companies for Altman Z-Score. This places CTT Systems AB in the top 11% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.55. CTT Systems AB's value of 12.07 is 240% above this benchmark. Historically, CTT Systems AB's own Altman Z-Score has ranged from 6.80 to 25.86 over the past decade. While the company's 10-year median is 15.46 vs. the industry median of 3.55, CTT Systems 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 an Aerospace & Defense company?
The median Altman Z-Score among Aerospace & Defense companies is 3.55, based on 337 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. CTT Systems AB's current Altman Z-Score of 12.07 is 240% 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 CTT Systems AB and its competitors. For the Aerospace & Defense industry, the median Altman Z-Score is 3.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CTT Systems AB's current Altman Z-Score is 12.07, which is 22% below median its own 10-year median of 15.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CTT Systems AB stock overvalued right now?
CTT Systems AB (CHIX:CTTS) has a current Altman Z-Score of 12.07. The stock's GF Value™ is kr347.48, compared to a current price of kr194.60 — trading 44% below its estimated fair value. The current Altman Z-Score is 12.07, which is 22% below median its 10-year median of 15.46 and 240% above the Aerospace & Defense industry median of 3.55. CTT Systems AB's overall GF Score™ is 86/100 with 3 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 CTT Systems AB (CHIX:CTTS), the current Altman Z-Score is 12.07 as of Jun. 26, 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 CTT Systems AB (CHIX:CTTS) Overvalued in 2026?
Based on GuruFocus' analysis, CTT Systems AB stock appears to be undervalued.
The current stock price of kr194.60 is trading 44% below its estimated GF Value™ of kr347.48.
Key valuation signals for CHIX:CTTS:
Altman Z-Score: 12.07 (22% below median its 10-year median of 15.46)
GF Value™: kr347.48 vs. price of kr194.60 (44% below fair value)
Industry Position: 240% above the Aerospace & Defense median (#37 of 337)
No single metric tells the full story. See the CHIX:CTTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CTT Systems AB manufacturer and provider of humidity control systems for aircraft. The company offers a Zonal Drying system that prevents condensation within an aircraft during humidification. The company's product line includes various humidifiers. It sells its products to aircraft manufacturers and transportation companies. The group's products, Zonal Drying System and Cair, create conditions facilitating improved profitability and flight safety as well as considerably enhanced comfort for passengers and cabin personnel. It supplies these systems to aircraft manufacturers for installation during the production of new aircraft and to airlines for their existing aircraft fleets. Geographically company generates maximum revenue from USA, Denmark, France, and other regions.
86GF Score
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