Orell Fussli AG (FRA:OFH) Altman Z-Score: 5.67 (As of Jun. 28, 2026) — 14% Above Median


FRA:OFH Orell Fussli AG FRA:OFH
56 GF Score
Price €163.00
GF Value €100.50
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Orell Fussli AG Altman Z-Score?

Orell Fussli AG FRA:OFH +2.52% 56 Altman Z-Score is 5.67 as of Jun. 28, 2026, which is 14% above its 10-year median of 4.97. GuruFocus rates FRA:OFH with a GF Score™ of 56/100 and a GF Value™ of €100.50 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,060 Business Services companies, Orell Fussli AG ranks better than 77.26% 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 5.64 is strong.

Orell Fussli AG has a Altman Z-Score of 5.67, 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 Orell Fussli AG's Altman Z-Score or its related term are showing as below:

FRA:OFH' s Altman Z-Score Range Over the Past 10 Years
Min: 3.33   Med: 4.97   Max: 5.64
Current: 5.64

During the past 13 years, Orell Fussli AG's highest Altman Z-Score was 5.64. The lowest was 3.33. And the median was 4.97.


Orell Fussli AG  (FRA:OFH) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Orell Fussli AG Altman Z-Score Related Terms


Orell Fussli AG Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Orell Fussli 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.

Orell Fussli AG Altman Z-Score Chart

Orell Fussli AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.07 5.39 5.40 5.35 5.13

Orell Fussli AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.40 0.00 5.35 0.00 5.13

FRA:OFH vs CTAS, CPRT, GPN: Altman Z-Score Comparison

For the Specialty Business Services subindustry, Orell Fussli 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.


Orell Fussli AG Altman Z-Score vs Business Services Industry

For the Business Services industry and Industrials sector, Orell Fussli AG's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Orell Fussli AG's Altman Z-Score falls into.


FRA:OFH
56GF Score
Orell Fussli AG FRA:OFH
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Orell Fussli AG 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.

Orell Fussli 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*0.3572+1.4*0.8602+3.3*0.1337+0.6*3.9574+1.0*1.2172
=5.67

* 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.

Trailing Twelve Months (TTM) ended in Dec. 2025:
Total Assets was €240.2 Mil.
Total Current Assets was €164.4 Mil.
Total Current Liabilities was €78.6 Mil.
Retained Earnings was €206.6 Mil.
Pre-Tax Income was €32.1 Mil.
Interest Expense was €-0.1 Mil.
Revenue was €292.4 Mil.
Market Cap (Today) was €323.4 Mil.
Total Liabilities was €81.7 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(164.446 - 78.646)/240.195
=0.3572

X2=Retained Earnings/Total Assets
=206.623/240.195
=0.8602

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(32.066 - -0.05)/240.195
=0.1337

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=323.422/81.726
=3.9574

X5=Revenue/Total Assets
=292.354/240.195
=1.2172

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Orell Fussli AG has a Altman Z-Score of 5.67 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 5.67 mean?
Orell Fussli AG (FRA:OFH) has a Altman Z-Score of 5.67 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Orell Fussli AG and its competitors. This is 14% above median its historical median of 4.97. Over the past decade, Orell Fussli AG's Altman Z-Score has ranged from 3.33 to 5.64. According to the industry distribution chart, Orell Fussli AG ranks #241 out of 1060 companies in the Business Services industry, placing it in the top 22.7%.
Is Orell Fussli AG's Altman Z-Score too high?
Orell Fussli AG's current Altman Z-Score of 5.67 is 14% above median its 10-year median of 4.97. Over the past 10 years, this metric has ranged from a low of 3.33 to a high of 5.64. The Business Services industry median Altman Z-Score is 2.97. Orell Fussli AG's value of 5.67 is 90.9% above this industry median. Based on the distribution chart, Orell Fussli AG ranks #241 out of 1060 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Orell Fussli AG has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Orell Fussli AG's Altman Z-Score compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Orell Fussli AG ranks #241 out of 1060 companies for Altman Z-Score. This places Orell Fussli AG in the top 23% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.97. Orell Fussli AG's value of 5.67 is 90.9% above this benchmark. Historically, Orell Fussli AG's own Altman Z-Score has ranged from 3.33 to 5.64 over the past decade. While the company's 10-year median is 4.97 vs. the industry median of 2.97, Orell Fussli AG 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 Business Services company?
The median Altman Z-Score among Business Services companies is 2.97, based on 1,060 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. Orell Fussli AG's current Altman Z-Score of 5.67 is 90.9% 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 Orell Fussli AG and its competitors. For the Business Services industry, the median Altman Z-Score is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orell Fussli AG's current Altman Z-Score is 5.67, which is 14% above median its own 10-year median of 4.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orell Fussli AG stock overvalued right now?
Based on GuruFocus' analysis, Orell Fussli AG (FRA:OFH) is currently considered Significantly Overvalued. The stock's GF Value™ is €100.50, compared to a current price of €163.00 — trading 62.2% above its estimated fair value. The current Altman Z-Score is 5.67, which is 14% above median its 10-year median of 4.97 and 90.9% above the Business Services industry median of 2.97. Orell Fussli AG's overall GF Score™ is 56/100 with 4 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 Orell Fussli AG (FRA:OFH), the current Altman Z-Score is 5.67 as of Jun. 28, 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 Orell Fussli AG (FRA:OFH) Overvalued in 2026?

Based on GuruFocus' analysis, Orell Fussli AG stock appears to be overvalued. The current stock price of €163.00 is trading 62.2% above its estimated GF Value™ of €100.50. GuruFocus considers Orell Fussli AG to be Significantly Overvalued.

Key valuation signals for FRA:OFH:

  • Altman Z-Score: 5.67 (14% above median its 10-year median of 4.97)
  • GF Value™: €100.50 vs. price of €163.00 (62.2% above fair value)
  • GF Score™: 56/100 with 4 warning signs
  • Industry Position: 90.9% above the Business Services median (#241 of 1060)

No single metric tells the full story. See the FRA:OFH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Orell Fussli AG Business Description

Address Dietzingerstrasse 3, Zurich, CHE, CH-8036
Orell Fussli AG operates in the fields of security and education. The company provides security solutions for the state and citizens and is a Swiss player in the book retailing sector. In the area of security printing and serialisation, the company offers printing processes, equipment and services for the production and effective protection of banknotes, value documents and identity documents. With its publishing houses, it focuses on learning and legal media as well as books for children. Its segments include Security Printing, Industrial Systems, Book Retailing, and Other business areas.
56GF Score

Get the complete analysis for FRA:OFH

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€163.00
Price
€100.50
GF Value