SuperQ Quantum Computing (FRA:25X) Altman Z-Score: 22.28 (As of Sep. 13, 2026) — 20% Below Median

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FRA:25X SuperQ Quantum Computing Inc FRA:25X
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What is SuperQ Quantum Computing Altman Z-Score?

SuperQ Quantum Computing FRA:25X -3.87% 20 Altman Z-Score is 22.28 as of Sep. 13, 2026, which is 20% below its 10-year median of 27.74. GuruFocus rates FRA:25X with a GF Score™ of 20/100. The stock has 1 warning sign investors should review. Among 2,780 Software companies, SuperQ Quantum Computing ranks better than 95.72% 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 22.06 is strong.

SuperQ Quantum Computing has a Altman Z-Score of 22.28, 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 SuperQ Quantum Computing's Altman Z-Score or its related term are showing as below:

FRA:25X' s Altman Z-Score Range Over the Past 10 Years
Min: 22.06   Med: 27.74   Max: 27.74
Current: 22.06

During the past 2 years, SuperQ Quantum Computing's highest Altman Z-Score was 27.74. The lowest was 22.06. And the median was 27.74.


SuperQ Quantum Computing  (FRA:25X) 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.


SuperQ Quantum Computing Altman Z-Score Related Terms


SuperQ Quantum Computing Altman Z-Score Historical Data

* Premium members only.

The historical data trend for SuperQ Quantum Computing'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.

SuperQ Quantum Computing Altman Z-Score Chart

SuperQ Quantum Computing Annual Data
Trend Dec24 Dec25
Altman Z-Score
0.00 0.00

SuperQ Quantum Computing Quarterly Data
Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 27.74

FRA:25X vs MSFT, PLTR, ORCL: Altman Z-Score Comparison

For the Software - Infrastructure subindustry, SuperQ Quantum Computing'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.


SuperQ Quantum Computing Altman Z-Score vs Software Industry

For the Software industry and Technology sector, SuperQ Quantum Computing's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where SuperQ Quantum Computing's Altman Z-Score falls into.


FRA:25X
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SuperQ Quantum Computing Inc FRA:25X
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SuperQ Quantum Computing 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.

SuperQ Quantum Computing'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*0.9279+1.4*-1.6382+3.3*-1.5389+0.6*47.5198+1.0*0.0243
=22.28

* 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 Jun. 2026:
Total Assets was €3.49 Mil.
Total Current Assets was €3.49 Mil.
Total Current Liabilities was €0.25 Mil.
Retained Earnings was €-5.72 Mil.
Pre-Tax Income was -0.649 + -0.997 + -1.148 + -2.587 = €-5.38 Mil.
Interest Expense was -0.001 + -0.001 + -0.001 + -0.001 = €-0.00 Mil.
Revenue was 0.085 + 0 + 0 + 0 = €0.09 Mil.
Market Cap (Today) was €11.98 Mil.
Total Liabilities was €0.25 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
=(3.494 - 0.252)/3.494
=0.9279

X2=Retained Earnings/Total Assets
=-5.724/3.494
=-1.6382

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-5.381 - -0.004)/3.494
=-1.5389

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=11.975/0.252
=47.5198

X5=Revenue/Total Assets
=0.085/3.494
=0.0243

The zones of discrimination were as such:

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

SuperQ Quantum Computing has a Altman Z-Score of 22.28 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 22.28 mean?
SuperQ Quantum Computing (FRA:25X) has a Altman Z-Score of 22.28 as of Sep. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on SuperQ Quantum Computing and its competitors. This is 20% below median its historical median of 27.74. Over the past decade, SuperQ Quantum Computing's Altman Z-Score has ranged from 22.06 to 27.74. According to the industry distribution chart, SuperQ Quantum Computing ranks #119 out of 2780 companies in the Software industry, placing it in the top 4.3%.
Is SuperQ Quantum Computing's Altman Z-Score too high?
SuperQ Quantum Computing's current Altman Z-Score of 22.28 is 20% below median its 10-year median of 27.74. Over the past 10 years, this metric has ranged from a low of 22.06 to a high of 27.74. The Software industry median Altman Z-Score is 3.19. SuperQ Quantum Computing's value of 22.28 is 599.5% above this industry median. Based on the distribution chart, SuperQ Quantum Computing ranks #119 out of 2780 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, SuperQ Quantum Computing has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does SuperQ Quantum Computing's Altman Z-Score compare to MSFT and PLTR?
According to the Software industry distribution chart, SuperQ Quantum Computing ranks #119 out of 2780 companies for Altman Z-Score. This places SuperQ Quantum Computing in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.19. SuperQ Quantum Computing's value of 22.28 is 599.5% above this benchmark. Historically, SuperQ Quantum Computing's own Altman Z-Score has ranged from 22.06 to 27.74 over the past decade. While the company's 10-year median is 27.74 vs. the industry median of 3.19, SuperQ Quantum Computing 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 Software company?
The median Altman Z-Score among Software companies is 3.19, based on 2,780 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. SuperQ Quantum Computing's current Altman Z-Score of 22.28 is 599.5% 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 SuperQ Quantum Computing and its competitors. For the Software industry, the median Altman Z-Score is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SuperQ Quantum Computing's current Altman Z-Score is 22.28, which is 20% below median its own 10-year median of 27.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SuperQ Quantum Computing stock overvalued right now?
SuperQ Quantum Computing (FRA:25X) has a current Altman Z-Score of 22.28. The current Altman Z-Score is 22.28, which is 20% below median its 10-year median of 27.74 and 599.5% above the Software industry median of 3.19. SuperQ Quantum Computing's overall GF Score™ is 20/100 with 1 warning sign 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 SuperQ Quantum Computing (FRA:25X), the current Altman Z-Score is 22.28 as of Sep. 13, 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.

SuperQ Quantum Computing Business Description

Address 2200 - 885 West Georgia Street, Vancouver, BC, CAN, V6C 3E8
SuperQ Quantum Computing Inc offers solutions related to quantum and supercomputing. Its flagship Super platform seeks to make computational power intuitive and accessible, empowering executives, research institutions, and critical government agencies to unlock immediate business impact across finance, healthcare, logistics, defense, and beyond, leveraging its proprietary AI Autopilots to turn complex challenges into executive-ready results with one-click productization and deployment. Additionally, it has developed ChatQLM, a consumer app powered by quantum and supercomputing that solves complex decisions in natural language.
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