Hillman Solutions (FRA:8020) Altman Z-Score: 1.75 (As of Jul. 25, 2026) — 10% Above Median

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:8020 Hillman Solutions Corp FRA:8020
73 GF Score
Price €6.67
GF Value €8.21
! 3 Warning Signs
View Full Analysis

What is Hillman Solutions Altman Z-Score?

Hillman Solutions FRA:8020 -1.26% 73 Altman Z-Score is 1.75 as of Jul. 25, 2026, which is 10% above its 10-year median of 1.59. GuruFocus rates FRA:8020 with a GF Score™ of 73/100 and a GF Value™ of €8.21. The stock has 3 warning signs investors should review. Among 3,008 Industrial Products companies, Hillman Solutions ranks worse than 77.79% 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 1.75 is in distress zone. This implies bankruptcy possibility in the next two years.

Hillman Solutions has a Altman Z-Score of 1.75, 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 Hillman Solutions's Altman Z-Score or its related term are showing as below:

FRA:8020' s Altman Z-Score Range Over the Past 10 Years
Min: 0.92   Med: 1.59   Max: 18.14
Current: 1.75

During the past 7 years, Hillman Solutions's highest Altman Z-Score was 18.14. The lowest was 0.92. And the median was 1.59.


Hillman Solutions  (FRA:8020) 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.


Hillman Solutions Altman Z-Score Related Terms


Hillman Solutions Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Hillman Solutions'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.

Hillman Solutions Altman Z-Score Chart

Hillman Solutions Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 1.53 1.37 1.66 1.79 1.81

Hillman Solutions 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 1.71 1.56 1.82 1.81 1.78

FRA:8020 vs KMT, QEPC, EML: Altman Z-Score Comparison

For the Tools & Accessories subindustry, Hillman Solutions'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.


Hillman Solutions Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hillman Solutions's Altman Z-Score distribution charts can be found below:

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


FRA:8020
73GF Score
Hillman Solutions Corp FRA:8020
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hillman Solutions 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.

Hillman Solutions'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*0.1876+1.4*-0.0777+3.3*0.0446+0.6*1.3879+1.0*0.6577
=1.75

* 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 €2,042 Mil.
Total Current Assets was €579 Mil.
Total Current Liabilities was €196 Mil.
Retained Earnings was €-159 Mil.
Pre-Tax Income was -5.009 + 2.827 + 26.593 + 19.442 = €44 Mil.
Interest Expense was -11.249 + -11.463 + -12.518 + -12.044 = €-47 Mil.
Revenue was 320.113 + 311.829 + 362.048 + 349.23 = €1,343 Mil.
Market Cap (Today) was €1,375 Mil.
Total Liabilities was €990 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
=(579.452 - 196.427)/2042.247
=0.1876

X2=Retained Earnings/Total Assets
=-158.622/2042.247
=-0.0777

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(43.853 - -47.274)/2042.247
=0.0446

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1374.603/990.426
=1.3879

X5=Revenue/Total Assets
=1343.22/2042.247
=0.6577

The zones of discrimination were as such:

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

Hillman Solutions has a Altman Z-Score of 1.75 indicating it is in Distress 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 1.75 mean?
Hillman Solutions (FRA:8020) has a Altman Z-Score of 1.75 as of Jul. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hillman Solutions and its competitors. This is 10% above median its historical median of 1.59. Over the past decade, Hillman Solutions' Altman Z-Score has ranged from 0.92 to 18.14. According to the industry distribution chart, Hillman Solutions ranks #2340 out of 3008 companies in the Industrial Products industry, placing it in the top 77.8%.
Is Hillman Solutions' Altman Z-Score too high?
Hillman Solutions' current Altman Z-Score of 1.75 is 10% above median its 10-year median of 1.59. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 18.14. The Industrial Products industry median Altman Z-Score is 3.21. Hillman Solutions' value of 1.75 is 45.5% below this industry median. Based on the distribution chart, Hillman Solutions ranks #2340 out of 3008 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Hillman Solutions has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Hillman Solutions' Altman Z-Score compare to KMT and QEPC?
According to the Industrial Products industry distribution chart, Hillman Solutions ranks #2340 out of 3008 companies for Altman Z-Score. This places Hillman Solutions in the lower half of its industry. The industry median Altman Z-Score is 3.21. Hillman Solutions' value of 1.75 is 45.5% below this benchmark. Historically, Hillman Solutions' own Altman Z-Score has ranged from 0.92 to 18.14 over the past decade. While the company's 10-year median is 1.59 vs. the industry median of 3.21, Hillman Solutions 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.21, based on 3,008 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. Hillman Solutions's current Altman Z-Score of 1.75 is 45.5% 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 Hillman Solutions and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hillman Solutions's current Altman Z-Score is 1.75, which is 10% above median its own 10-year median of 1.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hillman Solutions stock overvalued right now?
Hillman Solutions (FRA:8020) has a current Altman Z-Score of 1.75. The stock's GF Value™ is €8.21, compared to a current price of €6.67 — trading 18.8% below its estimated fair value. The current Altman Z-Score is 1.75, which is 10% above median its 10-year median of 1.59 and 45.5% below the Industrial Products industry median of 3.21. Hillman Solutions' overall GF Score™ is 73/100 with 3 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 Hillman Solutions (FRA:8020), the current Altman Z-Score is 1.75 as of Jul. 25, 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 Hillman Solutions (FRA:8020) Overvalued in 2026?

Based on GuruFocus' analysis, Hillman Solutions stock appears to be undervalued. The current stock price of €6.67 is trading 18.8% below its estimated GF Value™ of €8.21.

Key valuation signals for FRA:8020:

  • Altman Z-Score: 1.75 (10% above median its 10-year median of 1.59)
  • GF Value™: €8.21 vs. price of €6.67 (18.8% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 45.5% below the Industrial Products median (#2340 of 3008)

No single metric tells the full story. See the FRA:8020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hillman Solutions Business Description

Other Exchanges HLMN:USA
Address 1280 Kemper Meadow Drive, Cincinnati, OH, USA, 45240
Hillman Solutions Corp is a provider of hardware-related products and related merchandising services to retail markets in North America. The company sells its products to hardware stores, home centers, mass merchants, pet supply stores, and other retail outlets. Its product lines include thousands of small parts such as fasteners and related hardware items; threaded rod and metal shapes; keys and accessories; builder's hardware; personal protective equipment, such as gloves and eye-wear; and identification items, such as tags and letters, numbers, and signs. The segments of the company are Hardware and Protective Solutions, which is the key revenue-generating segment; Robotics and Digital Solutions; and Canada. It has a business presence in the U.S, Canada and Mexico.
73GF Score

Get the complete analysis for FRA:8020

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

€6.67
Price
€8.21
GF Value