NX Filtration NVFRA:9KJ +5.95%70 Altman Z-Score is 3.25 as of Jul. 12, 2026, which is 73% below its 10-year median of 11.82. GuruFocus rates FRA:9KJ with a GF Score™ of 70/100 and a GF Value™ of €7.25 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 3,008 Industrial Products companies, NX Filtration NV ranks worse than 60.24% 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 3.25 is strong.
NX Filtration NV has a Altman Z-Score of 3.25, 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 NX Filtration NV's Altman Z-Score or its related term are showing as below:
FRA:9KJ'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.86 Med: 11.82 Max: 51.79
Current: 3.25
During the past 9 years, NX Filtration NV's highest Altman Z-Score was 51.79. The lowest was 1.86. And the median was 11.82.
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.
NX Filtration NV Altman Z-Score Related Terms
NX Filtration NV Altman Z-Score Historical Data
* Premium members only.
The historical data trend for NX Filtration NV'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:9KJ vs VLTO, ZWS, CECO: Altman Z-Score Comparison
For the Pollution & Treatment Controls subindustry, NX Filtration NV'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.
NX Filtration NV Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, NX Filtration NV's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where NX Filtration NV'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.
NX Filtration NV'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
*
0.3483
+
1.4
*
-0.7764
+
3.3
*
-0.1908
+
0.6
*
7.4113
+
1.0
*
0.0988
=
3.25
* 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.
NX Filtration NV (FRA:9KJ) has a Altman Z-Score of 3.25 as of Jul. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on NX Filtration NV and its competitors. This is 73% below median its historical median of 11.82. Over the past decade, NX Filtration NV's Altman Z-Score has ranged from 1.86 to 51.79. According to the industry distribution chart, NX Filtration NV ranks #1812 out of 3008 companies in the Industrial Products industry, placing it in the top 60.2%.
Is NX Filtration NV's Altman Z-Score too high?
NX Filtration NV's current Altman Z-Score of 3.25 is 73% below median its 10-year median of 11.82. Over the past 10 years, this metric has ranged from a low of 1.86 to a high of 51.79. The Industrial Products industry median Altman Z-Score is 3.32. NX Filtration NV's value of 3.25 is 2% below this industry median. Based on the distribution chart, NX Filtration NV ranks #1812 out of 3008 companies in the Industrial Products industry, which is below the industry midpoint. Overall, NX Filtration NV has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NX Filtration NV's Altman Z-Score compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, NX Filtration NV ranks #1812 out of 3008 companies for Altman Z-Score. This places NX Filtration NV in the lower half of its industry. The industry median Altman Z-Score is 3.32. NX Filtration NV's value of 3.25 is 2% below this benchmark. Historically, NX Filtration NV's own Altman Z-Score has ranged from 1.86 to 51.79 over the past decade. While the company's 10-year median is 11.82 vs. the industry median of 3.32, NX Filtration NV 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 3.32, 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. NX Filtration NV's current Altman Z-Score of 3.25 is 2% 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 NX Filtration NV and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NX Filtration NV's current Altman Z-Score is 3.25, which is 73% below median its own 10-year median of 11.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NX Filtration NV stock overvalued right now?
Based on GuruFocus' analysis, NX Filtration NV (FRA:9KJ) is currently considered Possible Value Trap. The stock's GF Value™ is €7.25, compared to a current price of €3.92 — trading 45.9% below its estimated fair value. The current Altman Z-Score is 3.25, which is 73% below median its 10-year median of 11.82 and 2% below the Industrial Products industry median of 3.32. NX Filtration NV's overall GF Score™ is 70/100 with 9 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 NX Filtration NV (FRA:9KJ), the current Altman Z-Score is 3.25 as of Jul. 12, 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 NX Filtration NV (FRA:9KJ) Overvalued in 2026?
Based on GuruFocus' analysis, NX Filtration NV stock appears to be undervalued.
The current stock price of €3.92 is trading 45.9% below its estimated GF Value™ of €7.25.
GuruFocus considers NX Filtration NV to be Possible Value Trap.
Key valuation signals for FRA:9KJ:
Altman Z-Score: 3.25 (73% below median its 10-year median of 11.82)
GF Value™: €7.25 vs. price of €3.92 (45.9% below fair value)
Industry Position: 2% below the Industrial Products median (#1812 of 3008)
No single metric tells the full story. See the FRA:9KJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NX Filtration NV is a provider of direct nanofiltration membrane technology for producing pure and affordable water to improve quality of life. . NX Filtration sells its filtration membranes in the form of modules in its two business lines: Clean Municipal Water and Sustainable Industrial Water Geographically, it derives a majority of revenue from Europe (excluding the Netherlands) and also has a presence in North America; Asia, and Rest of World.
70GF Score
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