Select Medical HoldingsFRA:S24 77 Altman Z-Score is 1.66 as of Jul. 02, 2026, which is 23% above its 10-year median of 1.35. GuruFocus rates FRA:S24 with a GF Score™ of 77/100 and a GF Value™ of €14.99. The stock has 7 warning signs investors should review. Among 660 Healthcare Providers & Services companies, Select Medical Holdings ranks worse than 62.88% 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 1.66 is in distress zone. This implies bankruptcy possibility in the next two years.
Select Medical Holdings has a Altman Z-Score of 1.66, 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 Select Medical Holdings's Altman Z-Score or its related term are showing as below:
FRA:S24'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.96 Med: 1.35 Max: 1.71
Current: 1.66
During the past 13 years, Select Medical Holdings's highest Altman Z-Score was 1.71. The lowest was 0.96. And the median was 1.35.
Select Medical Holdings (FRA:S24) 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:S24 vs SGRY, MD, AGL: Altman Z-Score Comparison
For the Medical Care Facilities subindustry, Select Medical Holdings'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.
Select Medical Holdings Altman Z-Score vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Select Medical Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Select Medical Holdings's Altman Z-Score falls into.
Select Medical Holdings 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.
Select Medical Holdings (FRA:S24) has a Altman Z-Score of 1.66 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Select Medical Holdings and its competitors. This is 23% above median its historical median of 1.35. Over the past decade, Select Medical Holdings' Altman Z-Score has ranged from 0.96 to 1.71. According to the industry distribution chart, Select Medical Holdings ranks #415 out of 660 companies in the Healthcare Providers & Services industry, placing it in the top 62.9%.
Is Select Medical Holdings' Altman Z-Score too high?
Select Medical Holdings' current Altman Z-Score of 1.66 is 23% above median its 10-year median of 1.35. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 1.71. The Healthcare Providers & Services industry median Altman Z-Score is 2.42. Select Medical Holdings' value of 1.66 is 31.4% below this industry median. Based on the distribution chart, Select Medical Holdings ranks #415 out of 660 companies in the Healthcare Providers & Services industry, which is below the industry midpoint. Overall, Select Medical Holdings has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Select Medical Holdings' Altman Z-Score compare to SGRY and MD?
According to the Healthcare Providers & Services industry distribution chart, Select Medical Holdings ranks #415 out of 660 companies for Altman Z-Score. This places Select Medical Holdings in the lower half of its industry. The industry median Altman Z-Score is 2.42. Select Medical Holdings' value of 1.66 is 31.4% below this benchmark. Historically, Select Medical Holdings' own Altman Z-Score has ranged from 0.96 to 1.71 over the past decade. While the company's 10-year median is 1.35 vs. the industry median of 2.42, Select Medical Holdings 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 a Healthcare Providers & Services company?
The median Altman Z-Score among Healthcare Providers & Services companies is 2.42, based on 660 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. Select Medical Holdings's current Altman Z-Score of 1.66 is 31.4% 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 Select Medical Holdings and its competitors. For the Healthcare Providers & Services industry, the median Altman Z-Score is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Select Medical Holdings's current Altman Z-Score is 1.66, which is 23% above median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Select Medical Holdings stock overvalued right now?
Select Medical Holdings (FRA:S24) has a current Altman Z-Score of 1.66. The stock's GF Value™ is €14.99, compared to a current price of €14.40 — trading 3.9% below its estimated fair value. The current Altman Z-Score is 1.66, which is 23% above median its 10-year median of 1.35 and 31.4% below the Healthcare Providers & Services industry median of 2.42. Select Medical Holdings' overall GF Score™ is 77/100 with 7 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 Select Medical Holdings (FRA:S24), the current Altman Z-Score is 1.66 as of Jul. 02, 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 Select Medical Holdings (FRA:S24) Overvalued in 2026?
Based on GuruFocus' analysis, Select Medical Holdings stock appears to be undervalued.
The current stock price of €14.40 is trading 3.9% below its estimated GF Value™ of €14.99.
Key valuation signals for FRA:S24:
Altman Z-Score: 1.66 (23% above median its 10-year median of 1.35)
GF Value™: €14.99 vs. price of €14.40 (3.9% below fair value)
Industry Position: 31.4% below the Healthcare Providers & Services median (#415 of 660)
No single metric tells the full story. See the FRA:S24 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Select Medical Holdings Corp is a healthcare company that operates through three segments: critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation clinics. Critical illness recovery hospitals which derives maximum revenue consists of hospitals designed to serve the needs of patients recovering from critical illnesses, often with complex medical needs. The rehabilitation hospital segment consists of hospitals designed to serve patients that require intensive physical rehabilitation care. Patients are typically admitted to critical illness recovery hospitals and rehabilitation hospitals from general acute care hospitals. The outpatient rehabilitation segment consists of clinics that provide physical, occupational, and speech rehabilitation services.
77GF Score
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