Viking HoldingsFRA:ZG8 -1.69%19 Altman Z-Score is 3.01 as of Jul. 06, 2026, which is 110% above its 10-year median of 1.43. GuruFocus rates FRA:ZG8 with a GF Score™ of 19/100. The stock has 8 warning signs investors should review. Among 839 Travel & Leisure companies, Viking Holdings ranks better than 64.72% 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 2.98 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Viking Holdings has a Altman Z-Score of 3.01, 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 Viking Holdings's Altman Z-Score or its related term are showing as below:
FRA:ZG8'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.49 Med: 1.43 Max: 2.98
Current: 2.98
During the past 5 years, Viking Holdings's highest Altman Z-Score was 2.98. The lowest was -0.49. And the median was 1.43.
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.
Viking Holdings Altman Z-Score Related Terms
Viking Holdings Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Viking Holdings'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:ZG8 vs CCL, EXPE, TCOM: Altman Z-Score Comparison
For the Travel Services subindustry, Viking 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.
Viking Holdings Altman Z-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Viking Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Viking Holdings'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.
Viking Holdings'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
*
-0.108
+
1.4
*
0
+
3.3
*
0.1166
+
0.6
*
3.7586
+
1.0
*
0.5008
=
3.01
* 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.
Viking Holdings (FRA:ZG8) has a Altman Z-Score of 3.01 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Viking Holdings and its competitors. This is 110% above median its historical median of 1.43. According to the industry distribution chart, Viking Holdings ranks #296 out of 839 companies in the Travel & Leisure industry, placing it in the top 35.3%.
Is Viking Holdings' Altman Z-Score too high?
Viking Holdings' current Altman Z-Score of 3.01 is 110% above median its 10-year median of 1.43. The Travel & Leisure industry median Altman Z-Score is 2.00. Viking Holdings' value of 3.01 is 50.5% above this industry median. Based on the distribution chart, Viking Holdings ranks #296 out of 839 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Viking Holdings has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Viking Holdings' Altman Z-Score compare to CCL and EXPE?
According to the Travel & Leisure industry distribution chart, Viking Holdings ranks #296 out of 839 companies for Altman Z-Score. This puts Viking Holdings in the upper half of its industry. The industry median Altman Z-Score is 2.00. Viking Holdings' value of 3.01 is 50.5% above this benchmark. While the company's 10-year median is 1.43 vs. the industry median of 2.00, Viking Holdings 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 Travel & Leisure company?
The median Altman Z-Score among Travel & Leisure companies is 2.00, based on 839 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. Viking Holdings's current Altman Z-Score of 3.01 is 50.5% 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 Viking Holdings and its competitors. For the Travel & Leisure industry, the median Altman Z-Score is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viking Holdings's current Altman Z-Score is 3.01, which is 110% above median its own 10-year median of 1.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viking Holdings stock overvalued right now?
Viking Holdings (FRA:ZG8) has a current Altman Z-Score of 3.01. The current Altman Z-Score is 3.01, which is 110% above median its 10-year median of 1.43 and 50.5% above the Travel & Leisure industry median of 2.00. Viking Holdings' overall GF Score™ is 19/100 with 8 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 Viking Holdings (FRA:ZG8), the current Altman Z-Score is 3.01 as of Jul. 06, 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.
Viking Holdings Ltd is a travel company, with a fleet of 92 small ships, which view as floating hotels. It offers travel experiences on all seven continents in all three categories of the cruise industry river, ocean, and expedition cruising. The Group defines its products based on the type of cruise offering and language of the cruise service. The River segment provides river cruises outside the United States to English-speaking passengers. The Ocean segment offers ocean cruises to English-speaking passengers. Other include operating segments that are not individually reportable, consisting of expedition cruises for English-speaking passengers (Expedition), Mississippi River cruises for English-speaking passengers, and Viking China, which includes cruises for Mandarin.
19GF Score
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