Bit DigitalFRA:BIV +6.25%49 Altman Z-Score is 0.27 as of Jul. 05, 2026, which is 97% below its 10-year median of 10.11. GuruFocus rates FRA:BIV with a GF Score™ of 49/100 and a GF Value™ of €1.76 (Fairly Valued). The stock has 6 warning signs investors should review. Among 662 Capital Markets companies, Bit Digital ranks worse than 87.92% 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 0.26 is in distress zone. This implies bankruptcy possibility in the next two years.
Bit Digital has a Altman Z-Score of 0.27, 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 Bit Digital's Altman Z-Score or its related term are showing as below:
FRA:BIV'
s Altman Z-Score Range Over the Past 10 Years
Min: -1.46 Med: 10.11 Max: 333.82
Current: 0.26
During the past 11 years, Bit Digital's highest Altman Z-Score was 333.82. The lowest was -1.46. And the median was 10.11.
Bit Digital (FRA:BIV) 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.
Bit Digital Altman Z-Score Related Terms
Bit Digital Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Bit Digital'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:BIV vs RHNO, AXG, ABTC: Altman Z-Score Comparison
For the Capital Markets subindustry, Bit Digital'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.
Bit Digital Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bit Digital's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Bit Digital'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.
Bit Digital'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
*
0.3567
+
1.4
*
-0.2761
+
3.3
*
-0.1477
+
0.6
*
1.0349
+
1.0
*
0.0979
=
0.27
* 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.
Bit Digital (FRA:BIV) has a Altman Z-Score of 0.27 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Bit Digital and its competitors. This is 97% below median its historical median of 10.11. According to the industry distribution chart, Bit Digital ranks #582 out of 662 companies in the Capital Markets industry, placing it in the top 87.9%.
Is Bit Digital's Altman Z-Score too high?
Bit Digital's current Altman Z-Score of 0.27 is 97% below median its 10-year median of 10.11. The Capital Markets industry median Altman Z-Score is 2.62. Bit Digital's value of 0.27 is 89.7% below this industry median. Based on the distribution chart, Bit Digital ranks #582 out of 662 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Bit Digital has a GF Score™ of 49/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bit Digital's Altman Z-Score compare to RHNO and AXG?
According to the Capital Markets industry distribution chart, Bit Digital ranks #582 out of 662 companies for Altman Z-Score. This places Bit Digital in the lower half of its industry. The industry median Altman Z-Score is 2.62. Bit Digital's value of 0.27 is 89.7% below this benchmark. While the company's 10-year median is 10.11 vs. the industry median of 2.62, Bit Digital 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 a Capital Markets company?
The median Altman Z-Score among Capital Markets companies is 2.62, based on 662 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. Bit Digital's current Altman Z-Score of 0.27 is 89.7% 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 Bit Digital and its competitors. For the Capital Markets industry, the median Altman Z-Score is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bit Digital's current Altman Z-Score is 0.27, which is 97% below median its own 10-year median of 10.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bit Digital stock overvalued right now?
Based on GuruFocus' analysis, Bit Digital (FRA:BIV) is currently considered Fairly Valued. The stock's GF Value™ is €1.76, compared to a current price of €1.59 — trading 9.7% below its estimated fair value. The current Altman Z-Score is 0.27, which is 97% below median its 10-year median of 10.11 and 89.7% below the Capital Markets industry median of 2.62. Bit Digital's overall GF Score™ is 49/100 with 6 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 Bit Digital (FRA:BIV), the current Altman Z-Score is 0.27 as of Jul. 05, 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 Bit Digital (FRA:BIV) Overvalued in 2026?
Based on GuruFocus' analysis, Bit Digital stock appears to be undervalued.
The current stock price of €1.59 is trading 9.7% below its estimated GF Value™ of €1.76.
GuruFocus considers Bit Digital to be Fairly Valued.
Key valuation signals for FRA:BIV:
Altman Z-Score: 0.27 (97% below median its 10-year median of 10.11)
GF Value™: €1.76 vs. price of €1.59 (9.7% below fair value)
Industry Position: 89.7% below the Capital Markets median (#582 of 662)
No single metric tells the full story. See the FRA:BIV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bit Digital Inc is engaged in the Bitcoin mining business, Ethereum staking activities and specialized cloud-infrastructure services for artificial intelligence applications through its wholly owned subsidiaries. Its mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions. The Company has four reportable segments: digital asset mining, cloud services, colocation services, and ETH Staking. It generates majority of its revenue from digital asset mining.
49GF Score
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