First Business Financial Services (FRA:45D) Altman Z-Score

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:45D First Business Financial Services Inc FRA:45D
74 GF Score
Price €54.50
GF Value €46.41
Valuation Modestly Overvalued
! 6 Warning Signs
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What is First Business Financial Services Altman Z-Score?

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.

Altman Z-Score does not apply to banks and insurance companies.

FRA:45D
74GF Score
First Business Financial Services Inc FRA:45D
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Is First Business Financial Services (FRA:45D) Overvalued in 2026?

Based on GuruFocus' analysis, First Business Financial Services stock appears to be overvalued. The current stock price of €54.50 is trading 17.4% above its estimated GF Value™ of €46.41. GuruFocus considers First Business Financial Services to be Modestly Overvalued.

Key valuation signals for FRA:45D:

  • Altman Z-Score:
  • GF Value™: €46.41 vs. price of €54.50 (17.4% above fair value)
  • GF Score™: 74/100 with 6 warning signs

No single metric tells the full story. See the FRA:45D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Business Financial Services Business Description

Other Exchanges FBIZ:USA
Address 401 Charmany Drive, Madison, WI, USA, 53719
First Business Financial Services Inc operates as a bank holding company. The Bank operates as a business bank, delivering a full line of commercial banking products, including commercial loans and commercial real estate loans, to meet the specific needs of small and medium-sized businesses, business owners, executives, professionals, and high-net-worth individuals. The company's products and services include commercial lending, SBA lending and servicing, asset-based lending, equipment financing, factoring, trust, and investment services, treasury management services, and a broad range of deposit products. Geographically, all the business activity functioned through the region of the United States.
74GF Score

Get the complete analysis for FRA:45D

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€54.50
Price
€46.41
GF Value