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 1.82 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Helix Energy Solutions Group has a Altman Z-Score of 1.82, indicating it is in Grey Zones. This implies that Helix Energy Solutions Group is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Helix Energy Solutions Group's Altman Z-Score or its related term are showing as below:
FRA:CTV'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.4 Med: 1.42 Max: 1.98
Current: 1.82
During the past 13 years, Helix Energy Solutions Group's highest Altman Z-Score was 1.98. The lowest was 0.40. And the median was 1.42.
Helix Energy Solutions Group (FRA:CTV) 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:CTV vs WBI, RES, VTOL: Altman Z-Score Comparison
For the Oil & Gas Equipment & Services subindustry, Helix Energy Solutions Group'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.
Helix Energy Solutions Group Altman Z-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Helix Energy Solutions Group's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Helix Energy Solutions Group's Altman Z-Score falls into.
Helix Energy Solutions Group 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.
Helix Energy Solutions Group (FRA:CTV) has a Altman Z-Score of 1.82 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Helix Energy Solutions Group and its competitors. This is 28% above median its historical median of 1.42. Over the past decade, Helix Energy Solutions Group's Altman Z-Score has ranged from 0.40 to 1.98. According to the industry distribution chart, Helix Energy Solutions Group ranks #470 out of 897 companies in the Oil & Gas industry, placing it in the top 52.4%.
Is Helix Energy Solutions Group's Altman Z-Score too high?
Helix Energy Solutions Group's current Altman Z-Score of 1.82 is 28% above median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 1.98. The Oil & Gas industry median Altman Z-Score is 1.90. Helix Energy Solutions Group's value of 1.82 is 4.2% below this industry median. Based on the distribution chart, Helix Energy Solutions Group ranks #470 out of 897 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Helix Energy Solutions Group has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Helix Energy Solutions Group's Altman Z-Score compare to WBI and RES?
According to the Oil & Gas industry distribution chart, Helix Energy Solutions Group ranks #470 out of 897 companies for Altman Z-Score. This places Helix Energy Solutions Group in the lower half of its industry. The industry median Altman Z-Score is 1.90. Helix Energy Solutions Group's value of 1.82 is 4.2% below this benchmark. Historically, Helix Energy Solutions Group's own Altman Z-Score has ranged from 0.40 to 1.98 over the past decade. While the company's 10-year median is 1.42 vs. the industry median of 1.90, Helix Energy Solutions Group 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 Oil & Gas company?
The median Altman Z-Score among Oil & Gas companies is 1.90, based on 897 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. Helix Energy Solutions Group's current Altman Z-Score of 1.82 is 4.2% 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 Helix Energy Solutions Group and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Helix Energy Solutions Group's current Altman Z-Score is 1.82, which is 28% above median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Helix Energy Solutions Group stock overvalued right now?
Based on GuruFocus' analysis, Helix Energy Solutions Group (FRA:CTV) is currently considered Fairly Valued. The stock's GF Value™ is €8.29, compared to a current price of €7.51 — trading 9.4% below its estimated fair value. The current Altman Z-Score is 1.82, which is 28% above median its 10-year median of 1.42 and 4.2% below the Oil & Gas industry median of 1.90. Helix Energy Solutions Group's overall GF Score™ is 81/100 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 Helix Energy Solutions Group (FRA:CTV), the current Altman Z-Score is 1.82 as of Jun. 27, 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 Helix Energy Solutions Group (FRA:CTV) Overvalued in 2026?
Based on GuruFocus' analysis, Helix Energy Solutions Group stock appears to be undervalued.
The current stock price of €7.51 is trading 9.4% below its estimated GF Value™ of €8.29.
GuruFocus considers Helix Energy Solutions Group to be Fairly Valued.
Key valuation signals for FRA:CTV:
Altman Z-Score: 1.82 (28% above median its 10-year median of 1.42)
GF Value™: €8.29 vs. price of €7.51 (9.4% below fair value)
Industry Position: 4.2% below the Oil & Gas median (#470 of 897)
No single metric tells the full story. See the FRA:CTV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Helix Energy Solutions Group Inc is an offshore energy services company. It provides specialty services to the offshore energy industry, with an emphasis on well intervention and robotics operations. Helix provides services in deep water in the Gulf of Mexico, Brazil, the North Sea, Asia Pacific and West Africa regions. It has four segments: Well Intervention, Robotics, Shallow Water Abandonment and Production Facilities. The Well Intervention segment includes vessels and equipment used to perform well intervention services in the Gulf of Mexico, the North Sea and Brazil. It derives the majority of its revenue from the U.S., and it also has its presence in North Sea, Brazil, Asia Pacific, West Africa, and Other.
81GF Score
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