Dana (FRA:4DH) Altman Z-Score: 2.30 (As of Jul. 01, 2026) — 20% Above Median


FRA:4DH Dana Inc FRA:4DH
70 GF Score
Price €23.93
GF Value €14.22
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Dana Altman Z-Score?

Dana FRA:4DH -2.68% 70 Altman Z-Score is 2.30 as of Jul. 01, 2026, which is 20% above its 10-year median of 1.91. GuruFocus rates FRA:4DH with a GF Score™ of 70/100 and a GF Value™ of €14.22 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,311 Vehicles & Parts companies, Dana ranks worse than 55.38% 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 2.3 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Dana has a Altman Z-Score of 2.30, indicating it is in Grey Zones. This implies that Dana is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 Dana's Altman Z-Score or its related term are showing as below:

FRA:4DH' s Altman Z-Score Range Over the Past 10 Years
Min: 1.05   Med: 1.91   Max: 2.45
Current: 2.3

During the past 13 years, Dana's highest Altman Z-Score was 2.45. The lowest was 1.05. And the median was 1.91.


Dana  (FRA:4DH) 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.


Dana Altman Z-Score Related Terms


Dana Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Dana'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.

Dana Altman Z-Score Chart

Dana Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.04 1.91 1.40 1.50 1.38

Dana Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.32 1.28 1.31 1.38 2.41

FRA:4DH vs VGNT, PHIN, VC: Altman Z-Score Comparison

For the Auto Parts subindustry, Dana'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.


Dana Altman Z-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Dana's Altman Z-Score distribution charts can be found below:

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


FRA:4DH
70GF Score
Dana Inc FRA:4DH
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dana 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.

Dana'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*0.1927+1.4*0.2152+3.3*0.0256+0.6*0.7312+1.0*1.2404
=2.30

* 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 Mar. 2026:
Total Assets was €5,257 Mil.
Total Current Assets was €2,802 Mil.
Total Current Liabilities was €1,789 Mil.
Retained Earnings was €1,131 Mil.
Pre-Tax Income was -3.46 + 11.102 + 7.668 + -21.675 = €-6 Mil.
Interest Expense was -19.03 + -43.554 + -40.044 + -38.148 = €-141 Mil.
Revenue was 1615.82 + 1594.418 + 1633.284 + 1677.645 = €6,521 Mil.
Market Cap (Today) was €2,570 Mil.
Total Liabilities was €3,515 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
=(2801.735 - 1788.82)/5257.47
=0.1927

X2=Retained Earnings/Total Assets
=1131.42/5257.47
=0.2152

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-6.365 - -140.776)/5257.47
=0.0256

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2570.343/3515.36
=0.7312

X5=Revenue/Total Assets
=6521.167/5257.47
=1.2404

The zones of discrimination were as such:

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

Dana has a Altman Z-Score of 2.30 indicating it is in Grey 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 2.30 mean?
Dana (FRA:4DH) has a Altman Z-Score of 2.30 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Dana and its competitors. This is 20% above median its historical median of 1.91. Over the past decade, Dana's Altman Z-Score has ranged from 1.05 to 2.45. According to the industry distribution chart, Dana ranks #726 out of 1311 companies in the Vehicles & Parts industry, placing it in the top 55.4%.
Is Dana's Altman Z-Score too high?
Dana's current Altman Z-Score of 2.30 is 20% above median its 10-year median of 1.91. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 2.45. The Vehicles & Parts industry median Altman Z-Score is 2.54. Dana's value of 2.30 is 9.4% below this industry median. Based on the distribution chart, Dana ranks #726 out of 1311 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Dana has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Dana's Altman Z-Score compare to VGNT and PHIN?
According to the Vehicles & Parts industry distribution chart, Dana ranks #726 out of 1311 companies for Altman Z-Score. This places Dana in the lower half of its industry. The industry median Altman Z-Score is 2.54. Dana's value of 2.30 is 9.4% below this benchmark. Historically, Dana's own Altman Z-Score has ranged from 1.05 to 2.45 over the past decade. While the company's 10-year median is 1.91 vs. the industry median of 2.54, Dana 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 a Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.54, based on 1,311 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. Dana's current Altman Z-Score of 2.30 is 9.4% 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 Dana and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dana's current Altman Z-Score is 2.30, which is 20% above median its own 10-year median of 1.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dana stock overvalued right now?
Based on GuruFocus' analysis, Dana (FRA:4DH) is currently considered Significantly Overvalued. The stock's GF Value™ is €14.22, compared to a current price of €23.93 — trading 68.3% above its estimated fair value. The current Altman Z-Score is 2.30, which is 20% above median its 10-year median of 1.91 and 9.4% below the Vehicles & Parts industry median of 2.54. Dana's overall GF Score™ is 70/100 with 6 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 Dana (FRA:4DH), the current Altman Z-Score is 2.30 as of Jul. 01, 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 Dana (FRA:4DH) Overvalued in 2026?

Based on GuruFocus' analysis, Dana stock appears to be overvalued. The current stock price of €23.93 is trading 68.3% above its estimated GF Value™ of €14.22. GuruFocus considers Dana to be Significantly Overvalued.

Key valuation signals for FRA:4DH:

  • Altman Z-Score: 2.30 (20% above median its 10-year median of 1.91)
  • GF Value™: €14.22 vs. price of €23.93 (68.3% above fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 9.4% below the Vehicles & Parts median (#726 of 1311)

No single metric tells the full story. See the FRA:4DH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dana Business Description

Other Exchanges DAN:USA4DH:Germany
Address 3939 Technology Drive, Maumee, OH, USA, 43537
Dana Inc is provider of products to virtually every vehicle manufacturer in the world. Its technologies include drive systems (axles, driveshafts and transmissions); electrodynamic technologies (motors, inverters, software and control systems, battery-management systems, and fuel cell plates); sealing solutions (gaskets, seals, cam covers, and oil pan modules); thermal-management technologies (transmission and engine oil cooling, battery and electronics cooling, charge air cooling, and thermal-acoustical protective shielding); and digital solutions (active and passive system controls and descriptive and predictive analytics). The company has two operating segments: Light Vehicle and Commercial Vehicle. The Light Vehicles segment generates the majority of revenue.
70GF Score

Get the complete analysis for FRA:4DH

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

€23.93
Price
€14.22
GF Value