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Asseco Business SolutionsFRA:9QQ +0.52%88 Altman Z-Score is 17.46 as of Aug. 02, 2026, which is 98% above its 10-year median of 8.81. GuruFocus rates FRA:9QQ with a GF Score™ of 88/100 and a GF Value™ of €17.06 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 2,769 Software companies, Asseco Business Solutions ranks better than 94.11% 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 17.38 is strong.
Asseco Business Solutions has a Altman Z-Score of 17.46, 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 Asseco Business Solutions's Altman Z-Score or its related term are showing as below:
FRA:9QQ'
s Altman Z-Score Range Over the Past 10 Years
Min: 6.35 Med: 8.81 Max: 28.66
Current: 17.38
During the past 13 years, Asseco Business Solutions's highest Altman Z-Score was 28.66. The lowest was 6.35. And the median was 8.81.
Asseco Business Solutions (FRA:9QQ) 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.
* 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:9QQ vs QH, SHOP, UBER: Altman Z-Score Comparison
For the Software - Application subindustry, Asseco Business 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.
Asseco Business Solutions Altman Z-Score vs Software Industry
For the Software industry and Technology sector, Asseco Business Solutions's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Asseco Business Solutions's Altman Z-Score falls into.
Asseco Business 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.
* 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.
Asseco Business Solutions (FRA:9QQ) has a Altman Z-Score of 17.46 as of Aug. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Asseco Business Solutions and its competitors. This is 98% above median its historical median of 8.81. Over the past decade, Asseco Business Solutions' Altman Z-Score has ranged from 6.35 to 28.66. According to the industry distribution chart, Asseco Business Solutions ranks #163 out of 2769 companies in the Software industry, placing it in the top 5.9%.
Is Asseco Business Solutions' Altman Z-Score too high?
Asseco Business Solutions' current Altman Z-Score of 17.46 is 98% above median its 10-year median of 8.81. Over the past 10 years, this metric has ranged from a low of 6.35 to a high of 28.66. The Software industry median Altman Z-Score is 3.10. Asseco Business Solutions' value of 17.46 is 463.2% above this industry median. Based on the distribution chart, Asseco Business Solutions ranks #163 out of 2769 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Asseco Business Solutions has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asseco Business Solutions' Altman Z-Score compare to QH and SHOP?
According to the Software industry distribution chart, Asseco Business Solutions ranks #163 out of 2769 companies for Altman Z-Score. This places Asseco Business Solutions in the top 6% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.10. Asseco Business Solutions' value of 17.46 is 463.2% above this benchmark. Historically, Asseco Business Solutions' own Altman Z-Score has ranged from 6.35 to 28.66 over the past decade. While the company's 10-year median is 8.81 vs. the industry median of 3.10, Asseco Business Solutions 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 3.10, based on 2,769 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. Asseco Business Solutions's current Altman Z-Score of 17.46 is 463.2% 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 Asseco Business Solutions and its competitors. For the Software industry, the median Altman Z-Score is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asseco Business Solutions's current Altman Z-Score is 17.46, which is 98% above median its own 10-year median of 8.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asseco Business Solutions stock overvalued right now?
Based on GuruFocus' analysis, Asseco Business Solutions (FRA:9QQ) is currently considered Modestly Overvalued. The stock's GF Value™ is €17.06, compared to a current price of €19.45 — trading 14% above its estimated fair value. The current Altman Z-Score is 17.46, which is 98% above median its 10-year median of 8.81 and 463.2% above the Software industry median of 3.10. Asseco Business Solutions' overall GF Score™ is 88/100 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 Asseco Business Solutions (FRA:9QQ), the current Altman Z-Score is 17.46 as of Aug. 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 Asseco Business Solutions (FRA:9QQ) Overvalued in 2026?
Based on GuruFocus' analysis, Asseco Business Solutions stock appears to be overvalued.
The current stock price of €19.45 is trading 14% above its estimated GF Value™ of €17.06.
GuruFocus considers Asseco Business Solutions to be Modestly Overvalued.
Key valuation signals for FRA:9QQ:
Altman Z-Score: 17.46 (98% above median its 10-year median of 8.81)
GF Value™: €17.06 vs. price of €19.45 (14% above fair value)
Industry Position: 463.2% above the Software median (#163 of 2769)
No single metric tells the full story. See the FRA:9QQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asseco Business Solutions SA serves as a Competence Centre accountable for the development of ERP software, mobile reporting systems (SFA), factoring systems and software for SMEs. Its offering also includes the provision, adaptation, and configuration of business applications for enterprises, design, and construction of infrastructure at the client or in the outsourcing model, providing equipment and system software of renowned partners, training for client's personnel, service and remote support for users. The company generates most of its revenue from its ERP Systems segment mainly in Poland.
88GF Score
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