Inwido AB (FRA:5IW) Altman Z-Score: 2.27 (As of Jul. 15, 2026) — 16% Below Median

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FRA:5IW Inwido AB FRA:5IW
90 GF Score
Price €12.96
GF Value €15.14
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Inwido AB Altman Z-Score?

Inwido AB FRA:5IW -0.15% 90 Altman Z-Score is 2.27 as of Jul. 15, 2026, which is 16% below its 10-year median of 2.69. GuruFocus rates FRA:5IW with a GF Score™ of 90/100 and a GF Value™ of €15.14 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,755 Construction companies, Inwido AB ranks better than 55.61% 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 2.53 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.

Inwido AB has a Altman Z-Score of 2.27, indicating it is in Grey Zones. This implies that Inwido AB 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 Inwido AB's Altman Z-Score or its related term are showing as below:

FRA:5IW' s Altman Z-Score Range Over the Past 10 Years
Min: 1.96   Med: 2.69   Max: 3.6
Current: 2.53

During the past 13 years, Inwido AB's highest Altman Z-Score was 3.60. The lowest was 1.96. And the median was 2.69.


Inwido AB  (FRA:5IW) 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.


Inwido AB Altman Z-Score Related Terms


Inwido AB Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Inwido AB'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.

Inwido AB Altman Z-Score Chart

Inwido AB 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 3.60 2.79 2.92 3.15 2.78

Inwido AB Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.32 3.13 2.78 2.54 0.00

FRA:5IW vs TT, JCI, CARR: Altman Z-Score Comparison

For the Building Products & Equipment subindustry, Inwido AB'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.


Inwido AB Altman Z-Score vs Construction Industry

For the Construction industry and Industrials sector, Inwido AB's Altman Z-Score distribution charts can be found below:

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


FRA:5IW
90GF Score
Inwido AB FRA:5IW
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Inwido AB 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.

Inwido AB'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*-0.0299+1.4*0.3252+3.3*0.0752+0.6*1.3254+1.0*0.8069
=2.27

* 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 €1,075.6 Mil.
Total Current Assets was €263.2 Mil.
Total Current Liabilities was €295.4 Mil.
Retained Earnings was €349.8 Mil.
Pre-Tax Income was 23.516 + 3.63 + 21.65 + 19.717 = €68.5 Mil.
Interest Expense was -3.585 + -3.379 + -2.922 + -2.5 = €-12.4 Mil.
Revenue was 248.163 + 193.402 + 224.254 + 202.149 = €868.0 Mil.
Market Cap (Today) was €763.5 Mil.
Total Liabilities was €576.1 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
=(263.223 - 295.387)/1075.643
=-0.0299

X2=Retained Earnings/Total Assets
=349.845/1075.643
=0.3252

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(68.513 - -12.386)/1075.643
=0.0752

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=763.485/576.061
=1.3254

X5=Revenue/Total Assets
=867.968/1075.643
=0.8069

The zones of discrimination were as such:

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

Inwido AB has a Altman Z-Score of 2.27 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 2.27 mean?
Inwido AB (FRA:5IW) has a Altman Z-Score of 2.27 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Inwido AB and its competitors. This is 16% below median its historical median of 2.69. Over the past decade, Inwido AB's Altman Z-Score has ranged from 1.96 to 3.60. According to the industry distribution chart, Inwido AB ranks #779 out of 1755 companies in the Construction industry, placing it in the top 44.4%.
Is Inwido AB's Altman Z-Score too high?
Inwido AB's current Altman Z-Score of 2.27 is 16% below median its 10-year median of 2.69. Over the past 10 years, this metric has ranged from a low of 1.96 to a high of 3.60. The Construction industry median Altman Z-Score is 2.33. Inwido AB's value of 2.27 is 2.6% below this industry median. Based on the distribution chart, Inwido AB ranks #779 out of 1755 companies in the Construction industry, which is above the industry midpoint. Overall, Inwido AB has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Inwido AB's Altman Z-Score compare to TT and JCI?
According to the Construction industry distribution chart, Inwido AB ranks #779 out of 1755 companies for Altman Z-Score. This puts Inwido AB in the upper half of its industry. The industry median Altman Z-Score is 2.33. Inwido AB's value of 2.27 is 2.6% below this benchmark. Historically, Inwido AB's own Altman Z-Score has ranged from 1.96 to 3.60 over the past decade. While the company's 10-year median is 2.69 vs. the industry median of 2.33, Inwido AB 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 Construction company?
The median Altman Z-Score among Construction companies is 2.33, based on 1,755 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. Inwido AB's current Altman Z-Score of 2.27 is 2.6% 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 Inwido AB and its competitors. For the Construction industry, the median Altman Z-Score is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inwido AB's current Altman Z-Score is 2.27, which is 16% below median its own 10-year median of 2.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inwido AB stock overvalued right now?
Based on GuruFocus' analysis, Inwido AB (FRA:5IW) is currently considered Modestly Undervalued. The stock's GF Value™ is €15.14, compared to a current price of €12.96 — trading 14.4% below its estimated fair value. The current Altman Z-Score is 2.27, which is 16% below median its 10-year median of 2.69 and 2.6% below the Construction industry median of 2.33. Inwido AB's overall GF Score™ is 90/100 with 4 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 Inwido AB (FRA:5IW), the current Altman Z-Score is 2.27 as of Jul. 15, 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 Inwido AB (FRA:5IW) Overvalued in 2026?

Based on GuruFocus' analysis, Inwido AB stock appears to be undervalued. The current stock price of €12.96 is trading 14.4% below its estimated GF Value™ of €15.14. GuruFocus considers Inwido AB to be Modestly Undervalued.

Key valuation signals for FRA:5IW:

  • Altman Z-Score: 2.27 (16% below median its 10-year median of 2.69)
  • GF Value™: €15.14 vs. price of €12.96 (14.4% below fair value)
  • GF Score™: 90/100 with 4 warning signs
  • Industry Position: 2.6% below the Construction median (#779 of 1755)

No single metric tells the full story. See the FRA:5IW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Inwido AB Business Description

Other Exchanges INWI:Sweden0QXM:UK
Address Engelbrektsgatan 15, Malmo, SWE, SE-211 33
Inwido AB is a building material company that supplies both windows and doors. The business concept is to develop and sell the market's customized window and door solution through a decentralized structure and with a focus on the consumer-driven market in order to create long-term sustainable growth. The product portfolios in the Group consist of windows, doors, and complementary applications and accessories. As Inwido consists of several business units across numerous markets, Inwido divides the business into four operating segments: Scandinavia, Eastern Europe, e-Commerce, and Western Europe, out of which the majority is from the Scandinavia segment.
90GF Score

Get the complete analysis for FRA:5IW

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

€12.96
Price
€15.14
GF Value