Pathos Communications (FRA:3Z2) Altman Z-Score: 6.86 (As of Jun. 29, 2026) — Near Median


FRA:3Z2 Pathos Communications PLC FRA:3Z2
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What is Pathos Communications Altman Z-Score?

Pathos Communications FRA:3Z2 25 Altman Z-Score is 6.86 as of Jun. 29, 2026, which is at its 10-year median of 6.86. GuruFocus rates FRA:3Z2 with a GF Score™ of 25/100. Among 1,014 Media - Diversified companies, Pathos Communications ranks better than 91.03% 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 6.79 is strong.

Pathos Communications has a Altman Z-Score of 6.86, 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 Pathos Communications's Altman Z-Score or its related term are showing as below:

FRA:3Z2' s Altman Z-Score Range Over the Past 10 Years
Min: 6.79   Med: 6.86   Max: 6.86
Current: 6.79

During the past 4 years, Pathos Communications's highest Altman Z-Score was 6.86. The lowest was 6.79. And the median was 6.86.


Pathos Communications  (FRA:3Z2) 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.


Pathos Communications Altman Z-Score Related Terms


Pathos Communications Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Pathos Communications'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.

Pathos Communications Altman Z-Score Chart

Pathos Communications Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Altman Z-Score
0.00 0.00 0.00 6.86

Pathos Communications Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Altman Z-Score Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 6.86

FRA:3Z2 vs APP, OMC, TTD: Altman Z-Score Comparison

For the Advertising Agencies subindustry, Pathos Communications'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.


Pathos Communications Altman Z-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Pathos Communications's Altman Z-Score distribution charts can be found below:

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


FRA:3Z2
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Pathos Communications PLC FRA:3Z2
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Pathos Communications 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.

Pathos Communications'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*0.5379+1.4*-0.0339+3.3*-0.0403+0.6*8.3402+1.0*1.3937
=6.86

* 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 Dec. 2025:
Total Assets was €8.02 Mil.
Total Current Assets was €6.13 Mil.
Total Current Liabilities was €1.82 Mil.
Retained Earnings was €-0.27 Mil.
Pre-Tax Income was €-0.45 Mil.
Interest Expense was €-0.13 Mil.
Revenue was €11.17 Mil.
Market Cap (Today) was €24.76 Mil.
Total Liabilities was €2.97 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
=(6.127 - 1.815)/8.017
=0.5379

X2=Retained Earnings/Total Assets
=-0.272/8.017
=-0.0339

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.449 - -0.126)/8.017
=-0.0403

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=24.762/2.969
=8.3402

X5=Revenue/Total Assets
=11.173/8.017
=1.3937

The zones of discrimination were as such:

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

Pathos Communications has a Altman Z-Score of 6.86 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 6.86 mean?
Pathos Communications (FRA:3Z2) has a Altman Z-Score of 6.86 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Pathos Communications and its competitors. This is near median its historical median of 6.86. Over the past decade, Pathos Communications' Altman Z-Score has ranged from 6.79 to 6.86. According to the industry distribution chart, Pathos Communications ranks #91 out of 1014 companies in the Media - Diversified industry, placing it in the top 9%.
Is Pathos Communications' Altman Z-Score too high?
Pathos Communications' current Altman Z-Score of 6.86 is near median its 10-year median of 6.86. Over the past 10 years, this metric has ranged from a low of 6.79 to a high of 6.86. The Media - Diversified industry median Altman Z-Score is 1.95. Pathos Communications' value of 6.86 is 251.8% above this industry median. Based on the distribution chart, Pathos Communications ranks #91 out of 1014 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Pathos Communications has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Pathos Communications' Altman Z-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Pathos Communications ranks #91 out of 1014 companies for Altman Z-Score. This places Pathos Communications in the top 9% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.95. Pathos Communications' value of 6.86 is 251.8% above this benchmark. Historically, Pathos Communications' own Altman Z-Score has ranged from 6.79 to 6.86 over the past decade. While the company's 10-year median is 6.86 vs. the industry median of 1.95, Pathos Communications 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 Media - Diversified company?
The median Altman Z-Score among Media - Diversified companies is 1.95, based on 1,014 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. Pathos Communications's current Altman Z-Score of 6.86 is 251.8% 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 Pathos Communications and its competitors. For the Media - Diversified industry, the median Altman Z-Score is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pathos Communications's current Altman Z-Score is 6.86, which is near median its own 10-year median of 6.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pathos Communications stock overvalued right now?
Pathos Communications (FRA:3Z2) has a current Altman Z-Score of 6.86. The current Altman Z-Score is 6.86, which is near median its 10-year median of 6.86 and 251.8% above the Media - Diversified industry median of 1.95. Pathos Communications' overall GF Score™ is 25/100. 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 Pathos Communications (FRA:3Z2), the current Altman Z-Score is 6.86 as of Jun. 29, 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.

Pathos Communications Business Description

Other Exchanges NEWS:UK
Address 101 New Cavendish Street, 1st Floor South, London, GBR, W1W 6XH
Pathos Communications PLC specializes in creative engagement, strategic communications, and brand reputation management while remaining rooted in a deep understanding of each client's goals, voice, and vision. It offers a comprehensive range of services designed to help clients minimize risk, boost audience interaction, and maximize their return on investment (ROI).
25GF Score

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