Alefarm Brewing ASFRA:902 -0.66%31 Altman Z-Score is 14.56 as of Jul. 02, 2026, which is 43% below its 10-year median of 25.44. GuruFocus rates FRA:902 with a GF Score™ of 31/100 and a GF Value™ of €0.25 (Modestly Overvalued). Among 208 Beverages - Alcoholic companies, Alefarm Brewing AS ranks better than 95.19% 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 14.46 is strong.
Alefarm Brewing AS has a Altman Z-Score of 14.56, 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 Alefarm Brewing AS's Altman Z-Score or its related term are showing as below:
FRA:902'
s Altman Z-Score Range Over the Past 10 Years
Min: 7.85 Med: 25.44 Max: 43.19
Current: 14.46
During the past 8 years, Alefarm Brewing AS's highest Altman Z-Score was 43.19. The lowest was 7.85. And the median was 25.44.
Alefarm Brewing AS (FRA:902) 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.
Altman Z-Score does not apply to financial companies.
Alefarm Brewing AS Altman Z-Score Related Terms
Alefarm Brewing AS Altman Z-Score Historical Data
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The historical data trend for Alefarm Brewing AS'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:902 vs BUD, STZ, TAP: Altman Z-Score Comparison
For the Beverages - Brewers subindustry, Alefarm Brewing AS'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.
Alefarm Brewing AS Altman Z-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Alefarm Brewing AS's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Alefarm Brewing AS'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.
Alefarm Brewing AS'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
*
0.4983
+
1.4
*
0.7391
+
3.3
*
-0.1329
+
0.6
*
20.1244
+
1.0
*
1.2901
=
14.56
* 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.
Alefarm Brewing AS (FRA:902) has a Altman Z-Score of 14.56 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Alefarm Brewing AS and its competitors. This is 43% below median its historical median of 25.44. Over the past decade, Alefarm Brewing AS's Altman Z-Score has ranged from 7.85 to 43.19. According to the industry distribution chart, Alefarm Brewing AS ranks #10 out of 208 companies in the Beverages - Alcoholic industry, placing it in the top 4.8%.
Is Alefarm Brewing AS's Altman Z-Score too high?
Alefarm Brewing AS's current Altman Z-Score of 14.56 is 43% below median its 10-year median of 25.44. Over the past 10 years, this metric has ranged from a low of 7.85 to a high of 43.19. The Beverages - Alcoholic industry median Altman Z-Score is 2.73. Alefarm Brewing AS's value of 14.56 is 433.3% above this industry median. Based on the distribution chart, Alefarm Brewing AS ranks #10 out of 208 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Alefarm Brewing AS has a GF Score™ of 31/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alefarm Brewing AS's Altman Z-Score compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Alefarm Brewing AS ranks #10 out of 208 companies for Altman Z-Score. This places Alefarm Brewing AS in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.73. Alefarm Brewing AS's value of 14.56 is 433.3% above this benchmark. Historically, Alefarm Brewing AS's own Altman Z-Score has ranged from 7.85 to 43.19 over the past decade. While the company's 10-year median is 25.44 vs. the industry median of 2.73, Alefarm Brewing AS 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 Beverages - Alcoholic company?
The median Altman Z-Score among Beverages - Alcoholic companies is 2.73, based on 208 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. Alefarm Brewing AS's current Altman Z-Score of 14.56 is 433.3% 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 Alefarm Brewing AS and its competitors. For the Beverages - Alcoholic industry, the median Altman Z-Score is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alefarm Brewing AS's current Altman Z-Score is 14.56, which is 43% below median its own 10-year median of 25.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alefarm Brewing AS stock overvalued right now?
Based on GuruFocus' analysis, Alefarm Brewing AS (FRA:902) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.25, compared to a current price of €0.30 — trading 20.4% above its estimated fair value. The current Altman Z-Score is 14.56, which is 43% below median its 10-year median of 25.44 and 433.3% above the Beverages - Alcoholic industry median of 2.73. Alefarm Brewing AS's overall GF Score™ is 31/100. 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 Alefarm Brewing AS (FRA:902), the current Altman Z-Score is 14.56 as of Jul. 02, 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 Alefarm Brewing AS (FRA:902) Overvalued in 2026?
Based on GuruFocus' analysis, Alefarm Brewing AS stock appears to be overvalued.
The current stock price of €0.30 is trading 20.4% above its estimated GF Value™ of €0.25.
GuruFocus considers Alefarm Brewing AS to be Modestly Overvalued.
Key valuation signals for FRA:902:
Altman Z-Score: 14.56 (43% below median its 10-year median of 25.44)
GF Value™: €0.25 vs. price of €0.30 (20.4% above fair value)
Industry Position: 433.3% above the Beverages - Alcoholic median (#10 of 208)
No single metric tells the full story. See the FRA:902 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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