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Kenon HoldingsFRA:76N 70 Altman Z-Score is 1.58 as of Jul. 23, 2026, which is 6% below its 10-year median of 1.68. GuruFocus rates FRA:76N with a GF Score™ of 70/100 and a GF Value™ of €37.22 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 415 Utilities - Independent Power Producers companies, Kenon Holdings ranks better than 60.48% 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 1.57 is in distress zone. This implies bankruptcy possibility in the next two years.
Kenon Holdings has a Altman Z-Score of 1.58, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Kenon Holdings's Altman Z-Score or its related term are showing as below:
FRA:76N'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.38 Med: 1.68 Max: 3.41
Current: 1.57
During the past 13 years, Kenon Holdings's highest Altman Z-Score was 3.41. The lowest was -0.38. And the median was 1.68.
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.
Altman Z-Score does not apply to financial companies.
Kenon Holdings Altman Z-Score Related Terms
Kenon Holdings Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Kenon Holdings'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.
FRA:76N vs HNRG, OKLO, CEG: Altman Z-Score Comparison
For the Utilities - Independent Power Producers subindustry, Kenon Holdings'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.
Kenon Holdings Altman Z-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Kenon Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Kenon Holdings's Altman Z-Score falls into.
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.
Kenon Holdings'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
*
0.2328
+
1.4
*
0.2144
+
3.3
*
0.0404
+
0.6
*
1.1819
+
1.0
*
0.1563
=
1.58
* 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.
Kenon Holdings (FRA:76N) has a Altman Z-Score of 1.58 as of Jul. 23, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Kenon Holdings and its competitors. This is near median its historical median of 1.68. According to the industry distribution chart, Kenon Holdings ranks #164 out of 415 companies in the Utilities - Independent Power Producers industry, placing it in the top 39.5%.
Is Kenon Holdings' Altman Z-Score too high?
Kenon Holdings' current Altman Z-Score of 1.58 is near median its 10-year median of 1.68. The Utilities - Independent Power Producers industry median Altman Z-Score is 1.22. Kenon Holdings' value of 1.58 is 29.5% above this industry median. Based on the distribution chart, Kenon Holdings ranks #164 out of 415 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Kenon Holdings has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kenon Holdings' Altman Z-Score compare to HNRG and OKLO?
According to the Utilities - Independent Power Producers industry distribution chart, Kenon Holdings ranks #164 out of 415 companies for Altman Z-Score. This puts Kenon Holdings in the upper half of its industry. The industry median Altman Z-Score is 1.22. Kenon Holdings' value of 1.58 is 29.5% above this benchmark. While the company's 10-year median is 1.68 vs. the industry median of 1.22, Kenon Holdings 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 an Utilities - Independent Power Producers company?
The median Altman Z-Score among Utilities - Independent Power Producers companies is 1.22, based on 415 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. Kenon Holdings's current Altman Z-Score of 1.58 is 29.5% 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 Kenon Holdings and its competitors. For the Utilities - Independent Power Producers industry, the median Altman Z-Score is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kenon Holdings's current Altman Z-Score is 1.58, which is near median its own 10-year median of 1.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kenon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kenon Holdings (FRA:76N) is currently considered Significantly Overvalued. The stock's GF Value™ is €37.22, compared to a current price of €57.00 — trading 53.1% above its estimated fair value. The current Altman Z-Score is 1.58, which is near median its 10-year median of 1.68 and 29.5% above the Utilities - Independent Power Producers industry median of 1.22. Kenon Holdings' overall GF Score™ is 70/100 with 7 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 Kenon Holdings (FRA:76N), the current Altman Z-Score is 1.58 as of Jul. 23, 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 Kenon Holdings (FRA:76N) Overvalued in 2026?
Based on GuruFocus' analysis, Kenon Holdings stock appears to be overvalued.
The current stock price of €57.00 is trading 53.1% above its estimated GF Value™ of €37.22.
GuruFocus considers Kenon Holdings to be Significantly Overvalued.
Key valuation signals for FRA:76N:
Altman Z-Score: 1.58 (near median its 10-year median of 1.68)
GF Value™: €37.22 vs. price of €57.00 (53.1% above fair value)
Industry Position: 29.5% above the Utilities - Independent Power Producers median (#164 of 415)
No single metric tells the full story. See the FRA:76N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kenon Holdings Ltd is a holding company that operates dynamic, growth-oriented businesses. The company's operating segments include: OPC Power Plants, which generates and supplies electricity and energy in Israel; and CPV Group, which generates and supplies electricity and energy in the United States. It generates maximum revenue from the OPC Power Plants segment, which generates and supplies electricity and energy in Israel. CPV Group is a limited partnership owned by OPC, which generates and supplies electricity and energy in the United States. Geographically, the company generates a majority of its revenue from Israel and the rest from the United States.
70GF Score
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