InfraCom Group AB (FRA:8HG) Altman Z-Score: 3.98 (As of Jul. 16, 2026) — 21% Above Median

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FRA:8HG InfraCom Group AB FRA:8HG
60 GF Score
Price €1.43
GF Value €2.25
Valuation Significantly Undervalued
! 1 Warning Sign
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What is InfraCom Group AB Altman Z-Score?

InfraCom Group AB FRA:8HG +1.42% 60 Altman Z-Score is 3.98 as of Jul. 16, 2026, which is 21% above its 10-year median of 3.30. GuruFocus rates FRA:8HG with a GF Score™ of 60/100 and a GF Value™ of €2.25 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,766 Software companies, InfraCom Group AB ranks better than 60.74% 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.

Good Sign:

Altman Z-score of 4.05 is strong.

InfraCom Group AB has a Altman Z-Score of 3.98, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

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 InfraCom Group AB's Altman Z-Score or its related term are showing as below:

FRA:8HG' s Altman Z-Score Range Over the Past 10 Years
Min: 0.74   Med: 3.3   Max: 6.07
Current: 4.05

During the past 12 years, InfraCom Group AB's highest Altman Z-Score was 6.07. The lowest was 0.74. And the median was 3.30.


InfraCom Group AB  (FRA:8HG) 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.


InfraCom Group AB Altman Z-Score Related Terms


InfraCom Group AB Altman Z-Score Historical Data

* Premium members only.

The historical data trend for InfraCom Group 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.

InfraCom Group AB Altman Z-Score Chart

InfraCom Group AB Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.54 6.07 4.23 3.53 3.05

InfraCom Group AB 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 3.15 3.30 3.45 3.66 4.73

FRA:8HG vs MSFT, ORCL, PLTR: Altman Z-Score Comparison

For the Software - Infrastructure subindustry, InfraCom Group 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.


InfraCom Group AB Altman Z-Score vs Software Industry

For the Software industry and Technology sector, InfraCom Group AB's Altman Z-Score distribution charts can be found below:

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


FRA:8HG
60GF Score
InfraCom Group AB FRA:8HG
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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InfraCom Group 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.

InfraCom Group 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*-0.0057+1.4*0.4888+3.3*0.2465+0.6*2.5457+1.0*0.9603
=3.98

* 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 €77.47 Mil.
Total Current Assets was €17.86 Mil.
Total Current Liabilities was €18.31 Mil.
Retained Earnings was €37.87 Mil.
Pre-Tax Income was 1.538 + 3.788 + 7.596 + 4.844 = €17.77 Mil.
Interest Expense was -0.282 + -0.333 + -0.427 + -0.29 = €-1.33 Mil.
Revenue was 18.476 + 20.527 + 17.864 + 17.534 = €74.40 Mil.
Market Cap (Today) was €51.93 Mil.
Total Liabilities was €20.40 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
=(17.864 - 18.306)/77.474
=-0.0057

X2=Retained Earnings/Total Assets
=37.872/77.474
=0.4888

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(17.766 - -1.332)/77.474
=0.2465

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=51.930/20.399
=2.5457

X5=Revenue/Total Assets
=74.401/77.474
=0.9603

The zones of discrimination were as such:

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

InfraCom Group AB has a Altman Z-Score of 3.98 indicating it is in Safe 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 3.98 mean?
InfraCom Group AB (FRA:8HG) has a Altman Z-Score of 3.98 as of Jul. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on InfraCom Group AB and its competitors. This is 21% above median its historical median of 3.30. Over the past decade, InfraCom Group AB's Altman Z-Score has ranged from 0.74 to 6.07. According to the industry distribution chart, InfraCom Group AB ranks #1086 out of 2766 companies in the Software industry, placing it in the top 39.3%.
Is InfraCom Group AB's Altman Z-Score too high?
InfraCom Group AB's current Altman Z-Score of 3.98 is 21% above median its 10-year median of 3.30. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 6.07. The Software industry median Altman Z-Score is 3.16. InfraCom Group AB's value of 3.98 is 25.9% above this industry median. Based on the distribution chart, InfraCom Group AB ranks #1086 out of 2766 companies in the Software industry, which is above the industry midpoint. Overall, InfraCom Group AB has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does InfraCom Group AB's Altman Z-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, InfraCom Group AB ranks #1086 out of 2766 companies for Altman Z-Score. This puts InfraCom Group AB in the upper half of its industry. The industry median Altman Z-Score is 3.16. InfraCom Group AB's value of 3.98 is 25.9% above this benchmark. Historically, InfraCom Group AB's own Altman Z-Score has ranged from 0.74 to 6.07 over the past decade. While the company's 10-year median is 3.30 vs. the industry median of 3.16, InfraCom Group AB 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 a Software company?
The median Altman Z-Score among Software companies is 3.16, based on 2,766 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. InfraCom Group AB's current Altman Z-Score of 3.98 is 25.9% 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 InfraCom Group AB and its competitors. For the Software industry, the median Altman Z-Score is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. InfraCom Group AB's current Altman Z-Score is 3.98, which is 21% above median its own 10-year median of 3.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is InfraCom Group AB stock overvalued right now?
Based on GuruFocus' analysis, InfraCom Group AB (FRA:8HG) is currently considered Significantly Undervalued. The stock's GF Value™ is €2.25, compared to a current price of €1.43 — trading 36.7% below its estimated fair value. The current Altman Z-Score is 3.98, which is 21% above median its 10-year median of 3.30 and 25.9% above the Software industry median of 3.16. InfraCom Group AB's overall GF Score™ is 60/100 with 1 warning sign 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 InfraCom Group AB (FRA:8HG), the current Altman Z-Score is 3.98 as of Jul. 16, 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 InfraCom Group AB (FRA:8HG) Overvalued in 2026?

Based on GuruFocus' analysis, InfraCom Group AB stock appears to be undervalued. The current stock price of €1.43 is trading 36.7% below its estimated GF Value™ of €2.25. GuruFocus considers InfraCom Group AB to be Significantly Undervalued.

Key valuation signals for FRA:8HG:

  • Altman Z-Score: 3.98 (21% above median its 10-year median of 3.30)
  • GF Value™: €2.25 vs. price of €1.43 (36.7% below fair value)
  • GF Score™: 60/100 with 1 warning sign
  • Industry Position: 25.9% above the Software median (#1086 of 2766)

No single metric tells the full story. See the FRA:8HG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


InfraCom Group AB Business Description

Other Exchanges INFRA:Sweden
Address Gamlestadsvagen 1, Gothenburg, SWE, 415 02
InfraCom Group AB owns, operates and develops cloud-based IT (information technology) services. Its business activities are divided into four divisions including cloud-based telephony, cloud-based IT operations, hosting and data communications and internet access. The Cloud-based Telephony business area offers a broad spectrum of Cloud-based telephony services through the proprietary Weblink Unified 2.0 platform. Cloud-based IT operations connect IT infrastructure as a service and offer customers login and control through a web portal. Hosting offers InfraCom infrastructure for server and data management. Data communication and Internet access offer connections to the Internet between geographical locations and premises.
60GF Score

Get the complete analysis for FRA:8HG

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

€1.43
Price
€2.25
GF Value