Budapest Stock ExchangeFRA:R0R +1.94%19 Altman Z-Score is 27.27 as of Jun. 26, 2026, which is 155% above its 10-year median of 10.71. GuruFocus rates FRA:R0R with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 658 Capital Markets companies, Budapest Stock Exchange ranks better than 89.82% 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 29.25 is strong.
Budapest Stock Exchange has a Altman Z-Score of 27.27, 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 Budapest Stock Exchange's Altman Z-Score or its related term are showing as below:
FRA:R0R'
s Altman Z-Score Range Over the Past 10 Years
Min: 9.41 Med: 10.71 Max: 29.25
Current: 29.25
During the past 6 years, Budapest Stock Exchange's highest Altman Z-Score was 29.25. The lowest was 9.41. And the median was 10.71.
Budapest Stock Exchange (FRA:R0R) 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:R0R vs SPGI, CME, ICE: Altman Z-Score Comparison
For the Financial Data & Stock Exchanges subindustry, Budapest Stock Exchange'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.
Budapest Stock Exchange Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Budapest Stock Exchange's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Budapest Stock Exchange's Altman Z-Score falls into.
Budapest Stock Exchange 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.
Budapest Stock Exchange (FRA:R0R) has a Altman Z-Score of 27.27 as of Jun. 26, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Budapest Stock Exchange and its competitors. This is 155% above median its historical median of 10.71. Over the past decade, Budapest Stock Exchange's Altman Z-Score has ranged from 9.41 to 29.25. According to the industry distribution chart, Budapest Stock Exchange ranks #67 out of 658 companies in the Capital Markets industry, placing it in the top 10.2%.
Is Budapest Stock Exchange's Altman Z-Score too high?
Budapest Stock Exchange's current Altman Z-Score of 27.27 is 155% above median its 10-year median of 10.71. Over the past 10 years, this metric has ranged from a low of 9.41 to a high of 29.25. The Capital Markets industry median Altman Z-Score is 2.57. Budapest Stock Exchange's value of 27.27 is 963.2% above this industry median. Based on the distribution chart, Budapest Stock Exchange ranks #67 out of 658 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Budapest Stock Exchange has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Budapest Stock Exchange's Altman Z-Score compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Budapest Stock Exchange ranks #67 out of 658 companies for Altman Z-Score. This places Budapest Stock Exchange in the top 10% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.57. Budapest Stock Exchange's value of 27.27 is 963.2% above this benchmark. Historically, Budapest Stock Exchange's own Altman Z-Score has ranged from 9.41 to 29.25 over the past decade. While the company's 10-year median is 10.71 vs. the industry median of 2.57, Budapest Stock Exchange 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 Capital Markets company?
The median Altman Z-Score among Capital Markets companies is 2.57, based on 658 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. Budapest Stock Exchange's current Altman Z-Score of 27.27 is 963.2% 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 Budapest Stock Exchange and its competitors. For the Capital Markets industry, the median Altman Z-Score is 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Budapest Stock Exchange's current Altman Z-Score is 27.27, which is 155% above median its own 10-year median of 10.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Budapest Stock Exchange stock overvalued right now?
Budapest Stock Exchange (FRA:R0R) has a current Altman Z-Score of 27.27. The current Altman Z-Score is 27.27, which is 155% above median its 10-year median of 10.71 and 963.2% above the Capital Markets industry median of 2.57. Budapest Stock Exchange's overall GF Score™ is 19/100 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 Budapest Stock Exchange (FRA:R0R), the current Altman Z-Score is 27.27 as of Jun. 26, 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.
Budapest Stock Exchange PLC is engaged in the money and capital markets in Hungary. The Company provides corporations with opportunities to raise capital and offers investors a wide range of investment instruments. Its activities include listing services, trading services, dissemination of market information, and product development. The Company is a central player in the domestic money and capital market, providing financial resources to companies and promoting their development through financing via the capital sector, while enabling investors to participate in the growth of Hungarian companies and the domestic economy.
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