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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 -16.53 is in distress zone. This implies bankruptcy possibility in the next two years.
Arctic Blue Beverages AB has a Altman Z-Score of -16.50, 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 Arctic Blue Beverages AB's Altman Z-Score or its related term are showing as below:
FRA:U5L'
s Altman Z-Score Range Over the Past 10 Years
Min: -16.58 Med: -8.47 Max: 2.31
Current: -16.53
During the past 6 years, Arctic Blue Beverages AB's highest Altman Z-Score was 2.31. The lowest was -16.58. And the median was -8.47.
Arctic Blue Beverages AB (FRA:U5L) 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.
For the Beverages - Wineries & Distilleries subindustry, Arctic Blue Beverages AB'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.
Arctic Blue Beverages AB Altman Z-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Arctic Blue Beverages AB's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Arctic Blue Beverages AB's Altman Z-Score falls into.
Arctic Blue Beverages AB 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.
Arctic Blue Beverages AB (FRA:U5L) has a Altman Z-Score of -16.50 as of Jul. 22, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Arctic Blue Beverages AB and its competitors. According to the industry distribution chart, Arctic Blue Beverages AB ranks #204 out of 206 companies in the Beverages - Alcoholic industry, placing it in the top 99%.
Is Arctic Blue Beverages AB's Altman Z-Score too high?
Arctic Blue Beverages AB's current Altman Z-Score is -16.50. Based on the distribution chart, Arctic Blue Beverages AB ranks #204 out of 206 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Arctic Blue Beverages AB has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Arctic Blue Beverages AB's Altman Z-Score compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Arctic Blue Beverages AB ranks #204 out of 206 companies for Altman Z-Score. This places Arctic Blue Beverages AB in the lower half of its industry. The industry median Altman Z-Score is 2.79. 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 Beverages - Alcoholic company?
The median Altman Z-Score among Beverages - Alcoholic companies is 2.79, based on 206 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 Arctic Blue Beverages AB and its competitors. For the Beverages - Alcoholic industry, the median Altman Z-Score is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arctic Blue Beverages AB's current Altman Z-Score is -16.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arctic Blue Beverages AB stock overvalued right now?
Arctic Blue Beverages AB (FRA:U5L) has a current Altman Z-Score of -16.50. The stock's GF Value™ is €0.01, compared to a current price of €0.01 — trading 6% above its estimated fair value. The current Altman Z-Score is -16.50. Arctic Blue Beverages AB's overall GF Score™ is 26/100 with 9 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 Arctic Blue Beverages AB (FRA:U5L), the current Altman Z-Score is -16.50 as of Jul. 22, 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 Arctic Blue Beverages AB (FRA:U5L) Overvalued in 2026?
Based on GuruFocus' analysis, Arctic Blue Beverages AB stock appears to be overvalued.
The current stock price of €0.01 is trading 6% above its estimated GF Value™ of €0.01.
Key valuation signals for FRA:U5L:
Altman Z-Score: -16.50
GF Value™: €0.01 vs. price of €0.01 (6% above fair value)
No single metric tells the full story. See the FRA:U5L stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arctic Blue Beverages AB is a beverage company that sells artisanal beverages such as gin, liqueurs, and tonic. Its product portfolio comprises Arctic Blue Gin, Arctic Blue Gin Navy Strength, Arctic Blue Laku, and Arctic Blue Oat, among others. The company invests heavily in international exports, and its products are sold in Finland, Sweden, Continental Europe, and Japan, among other countries. The products are mainly sold through distributors, both in traditional trade and via e-commerce. A majority of the company's revenue is generated from Finland.
26GF Score
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