Energy FocusFRA:FI4A 39 Altman Z-Score is -29.96 as of Jul. 13, 2026. GuruFocus rates FRA:FI4A with a GF Score™ of 39/100 and a GF Value™ of €0.40. The stock has 2 warning signs investors should review. Among 426 Furnishings, Fixtures & Appliances companies, Energy Focus ranks worse than 99.77% 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 -30.05 is in distress zone. This implies bankruptcy possibility in the next two years.
Energy Focus has a Altman Z-Score of -29.96, 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 Energy Focus's Altman Z-Score or its related term are showing as below:
FRA:FI4A'
s Altman Z-Score Range Over the Past 10 Years
Min: -40.54 Med: -13.74 Max: 4.45
Current: -30.05
During the past 13 years, Energy Focus's highest Altman Z-Score was 4.45. The lowest was -40.54. And the median was -13.74.
Energy Focus (FRA:FI4A) 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.
Energy Focus Altman Z-Score Related Terms
Energy Focus Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Energy Focus'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:FI4A vs NTZ, MWYN, ATER: Altman Z-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, Energy Focus'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.
Energy Focus Altman Z-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Energy Focus's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Energy Focus'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.
Energy Focus'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
*
0.6031
+
1.4
*
-26.2228
+
3.3
*
-0.15
+
0.6
*
9.7837
+
1.0
*
0.6505
=
-29.96
* 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.
Energy Focus (FRA:FI4A) has a Altman Z-Score of -29.96 as of Jul. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Energy Focus and its competitors. According to the industry distribution chart, Energy Focus ranks #425 out of 426 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 99.8%.
Is Energy Focus' Altman Z-Score too high?
Energy Focus' current Altman Z-Score is -29.96. Based on the distribution chart, Energy Focus ranks #425 out of 426 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Energy Focus has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Energy Focus' Altman Z-Score compare to NTZ and MWYN?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Energy Focus ranks #425 out of 426 companies for Altman Z-Score. This places Energy Focus in the lower half of its industry. The industry median Altman Z-Score is 2.80. 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 Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.80, based on 426 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. 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 Energy Focus and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Energy Focus's current Altman Z-Score is -29.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Energy Focus stock overvalued right now?
Energy Focus (FRA:FI4A) has a current Altman Z-Score of -29.96. The stock's GF Value™ is €0.40, compared to a current price of €1.81 — trading 352.5% above its estimated fair value. The current Altman Z-Score is -29.96. Energy Focus' overall GF Score™ is 39/100 with 2 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 Energy Focus (FRA:FI4A), the current Altman Z-Score is -29.96 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.
Is Energy Focus (FRA:FI4A) Overvalued in 2026?
Based on GuruFocus' analysis, Energy Focus stock appears to be overvalued.
The current stock price of €1.81 is trading 352.5% above its estimated GF Value™ of €0.40.
Key valuation signals for FRA:FI4A:
Altman Z-Score: -29.96
GF Value™: €0.40 vs. price of €1.81 (352.5% above fair value)
No single metric tells the full story. See the FRA:FI4A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Energy Focus Inc specializes in designing, developing, manufacturing, and selling energy-efficient lighting systems and controls. It provides LED lighting solutions for both commercial and military maritime markets (MMM). Its core products include robust lighting fixtures and lamps for navy and military applications, Energy Storage Systems (ESS), Uninterruptible Power Supply (UPS), and tubular LED (TLED) lighting products, including battery backup units as well as general commercial and maritime lighting fixtures. The company operates in a single business segment that includes the marketing and sale of commercial and MMM lighting products and controls. The company generates a majority of its revenue from the sales of military maritime products in the United States.
39GF Score
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