Electrovac AGFRA:EVAC +4.68%25 Altman Z-Score is 3.69 as of Jul. 13, 2026. GuruFocus rates FRA:EVAC with a GF Score™ of 25/100. Among 2,464 Hardware companies, Electrovac AG ranks better than 51.3% 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 3.69 is strong.
Electrovac AG has a Altman Z-Score of 3.69, 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 Electrovac AG's Altman Z-Score or its related term are showing as below:
FRA:EVAC'
s Altman Z-Score Range Over the Past 10 Years
Min: 0 Med: 0 Max: 3.69
Current: 3.69
During the past 4 years, Electrovac AG's highest Altman Z-Score was 3.69. The lowest was 0.00. And the median was 0.00.
Electrovac AG (FRA:EVAC) 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.
Electrovac AG Altman Z-Score Related Terms
Electrovac AG Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Electrovac AG'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.
Electrovac AG Altman Z-Score Chart
Electrovac AG Annual Data
Trend
Mar22
Mar23
Mar24
Mar25
Altman Z-Score
0.00
0.00
0.00
0.00
Electrovac AG Semi-Annual Data
Mar22
Mar23
Mar24
Mar25
Altman Z-Score
0.00
0.00
0.00
0.00
FRA:EVAC vs APH, GLW, TEL: Altman Z-Score Comparison
For the Electronic Components subindustry, Electrovac AG'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.
Electrovac AG Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, Electrovac AG's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Electrovac AG'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.
Electrovac AG'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
*
0.22
+
1.4
*
0.1729
+
3.3
*
0.1043
+
0.6
*
2.8518
+
1.0
*
1.1252
=
3.69
* 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.
Electrovac AG (FRA:EVAC) has a Altman Z-Score of 3.69 as of Jul. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Electrovac AG and its competitors. According to the industry distribution chart, Electrovac AG ranks #1200 out of 2464 companies in the Hardware industry, placing it in the top 48.7%.
Is Electrovac AG's Altman Z-Score too high?
Electrovac AG's current Altman Z-Score is 3.69. The Hardware industry median Altman Z-Score is 3.60. Electrovac AG's value of 3.69 is 2.6% above this industry median. Based on the distribution chart, Electrovac AG ranks #1200 out of 2464 companies in the Hardware industry, which is above the industry midpoint. Overall, Electrovac AG has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Electrovac AG's Altman Z-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Electrovac AG ranks #1200 out of 2464 companies for Altman Z-Score. This puts Electrovac AG in the upper half of its industry. The industry median Altman Z-Score is 3.60. Electrovac AG's value of 3.69 is 2.6% above this benchmark. 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.60, based on 2,464 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. Electrovac AG's current Altman Z-Score of 3.69 is 2.6% 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 Electrovac AG and its competitors. For the Hardware industry, the median Altman Z-Score is 3.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Electrovac AG's current Altman Z-Score is 3.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electrovac AG stock overvalued right now?
Electrovac AG (FRA:EVAC) has a current Altman Z-Score of 3.69. The current Altman Z-Score is 3.69 and 2.6% above the Hardware industry median of 3.60. Electrovac AG's overall GF Score™ is 25/100. 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 Electrovac AG (FRA:EVAC), the current Altman Z-Score is 3.69 as of Jul. 13, 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.
Electrovac AG is a long-standing world-wide company. It is one of the manufacturers of hermetic packages, glass-to-metal seals, and other specialized components for the reliable and long-term protection of sensitive electronics. In addition to glass-to-metal sealing technology, its core competencies include the production of stamped parts and glass preforms, surface finishing, and the manufacture of contact elements, turned parts, and milled parts.
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