Holding Co ADMIE (IPTO)FRA:08M +1.90%78 Altman Z-Score is 0.61 as of Jun. 30, 2026, which is 8% below its 10-year median of 0.66. GuruFocus rates FRA:08M with a GF Score™ of 78/100 and a GF Value™ of €2.94 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 411 Utilities - Independent Power Producers companies, Holding Co ADMIE (IPTO) ranks worse than 74.94% 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.
Warning Sign:
Altman Z-score of 0.62 is in distress zone. This implies bankruptcy possibility in the next two years.
Holding Co ADMIE (IPTO) has a Altman Z-Score of 0.61, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Holding Co ADMIE (IPTO)'s Altman Z-Score or its related term are showing as below:
FRA:08M'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.54 Med: 0.66 Max: 0.95
Current: 0.62
During the past 9 years, Holding Co ADMIE (IPTO)'s highest Altman Z-Score was 0.95. The lowest was 0.54. And the median was 0.66.
Holding Co ADMIE (IPTO) (FRA:08M) 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.
* 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.
FRA:08M vs CEG, VST, NRG: Altman Z-Score Comparison
For the Utilities - Independent Power Producers subindustry, Holding Co ADMIE (IPTO)'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.
Holding Co ADMIE (IPTO) Altman Z-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Holding Co ADMIE (IPTO)'s Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Holding Co ADMIE (IPTO)'s Altman Z-Score falls into.
Holding Co ADMIE (IPTO) 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.
* 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.
Holding Co ADMIE (IPTO) (FRA:08M) has a Altman Z-Score of 0.61 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Holding Co ADMIE (IPTO) and its competitors. This is near median its historical median of 0.66. Over the past decade, Holding Co ADMIE (IPTO)'s Altman Z-Score has ranged from 0.54 to 0.95. According to the industry distribution chart, Holding Co ADMIE (IPTO) ranks #308 out of 411 companies in the Utilities - Independent Power Producers industry, placing it in the top 74.9%.
Is Holding Co ADMIE (IPTO)'s Altman Z-Score too high?
Holding Co ADMIE (IPTO)'s current Altman Z-Score of 0.61 is near median its 10-year median of 0.66. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 0.95. The Utilities - Independent Power Producers industry median Altman Z-Score is 1.23. Holding Co ADMIE (IPTO)'s value of 0.61 is 50.4% below this industry median. Based on the distribution chart, Holding Co ADMIE (IPTO) ranks #308 out of 411 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Holding Co ADMIE (IPTO) has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Holding Co ADMIE (IPTO)'s Altman Z-Score compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Holding Co ADMIE (IPTO) ranks #308 out of 411 companies for Altman Z-Score. This places Holding Co ADMIE (IPTO) in the lower half of its industry. The industry median Altman Z-Score is 1.23. Holding Co ADMIE (IPTO)'s value of 0.61 is 50.4% below this benchmark. Historically, Holding Co ADMIE (IPTO)'s own Altman Z-Score has ranged from 0.54 to 0.95 over the past decade. While the company's 10-year median is 0.66 vs. the industry median of 1.23, Holding Co ADMIE (IPTO) 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 an Utilities - Independent Power Producers company?
The median Altman Z-Score among Utilities - Independent Power Producers companies is 1.23, based on 411 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. Holding Co ADMIE (IPTO)'s current Altman Z-Score of 0.61 is 50.4% 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 Holding Co ADMIE (IPTO) and its competitors. For the Utilities - Independent Power Producers industry, the median Altman Z-Score is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Holding Co ADMIE (IPTO)'s current Altman Z-Score is 0.61, which is near median its own 10-year median of 0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Holding Co ADMIE (IPTO) stock overvalued right now?
Based on GuruFocus' analysis, Holding Co ADMIE (IPTO) (FRA:08M) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.94, compared to a current price of €4.82 — trading 63.8% above its estimated fair value. The current Altman Z-Score is 0.61, which is near median its 10-year median of 0.66 and 50.4% below the Utilities - Independent Power Producers industry median of 1.23. Holding Co ADMIE (IPTO)'s overall GF Score™ is 78/100 with 10 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 Holding Co ADMIE (IPTO) (FRA:08M), the current Altman Z-Score is 0.61 as of Jun. 30, 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 Holding Co ADMIE (IPTO) (FRA:08M) Overvalued in 2026?
Based on GuruFocus' analysis, Holding Co ADMIE (IPTO) stock appears to be overvalued.
The current stock price of €4.82 is trading 63.8% above its estimated GF Value™ of €2.94.
GuruFocus considers Holding Co ADMIE (IPTO) to be Significantly Overvalued.
Key valuation signals for FRA:08M:
Altman Z-Score: 0.61 (near median its 10-year median of 0.66)
GF Value™: €2.94 vs. price of €4.82 (63.8% above fair value)
Industry Position: 50.4% below the Utilities - Independent Power Producers median (#308 of 411)
No single metric tells the full story. See the FRA:08M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Holding Co ADMIE (IPTO) SA, through its subsidiary, operates, maintains, and develops the Greek Electricity Transmission System to ensure the supply of electricity in the country in a safe, efficient and reliable manner. The firm defines its activity as System (Management of the Hellenic Electricity Transmission System); Market (Operation of the electricity markets that fall under the responsibilities of the System Operator); Cyprus-Greece Interconnection (Management of the Cyprus-Greece Interconnection). The company generates the majority of its revenue from the System segment.
78GF Score
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