Borussia Dortmund GmbH KGaAHAM:BVB -1.16%65 Altman Z-Score is 1.46 as of Jun. 24, 2026, which is 20% below its 10-year median of 1.83. GuruFocus rates HAM:BVB with a GF Score™ of 65/100 and a GF Value™ of €3.50 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,019 Media - Diversified companies, Borussia Dortmund GmbH KGaA ranks worse than 59.18% 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 1.47 is in distress zone. This implies bankruptcy possibility in the next two years.
Borussia Dortmund GmbH KGaA has a Altman Z-Score of 1.46, 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 Borussia Dortmund GmbH KGaA's Altman Z-Score or its related term are showing as below:
HAM:BVB'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.81 Med: 1.83 Max: 4.14
Current: 1.47
During the past 13 years, Borussia Dortmund GmbH KGaA's highest Altman Z-Score was 4.14. The lowest was 0.81. And the median was 1.83.
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.
HAM:BVB vs NFLX, DIS, WBD: Altman Z-Score Comparison
For the Entertainment subindustry, Borussia Dortmund GmbH KGaA'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.
Borussia Dortmund GmbH KGaA Altman Z-Score vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Borussia Dortmund GmbH KGaA's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Borussia Dortmund GmbH KGaA'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.
* 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.
Borussia Dortmund GmbH KGaA (HAM:BVB) has a Altman Z-Score of 1.46 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Borussia Dortmund GmbH KGaA and its competitors. This is 20% below median its historical median of 1.83. Over the past decade, Borussia Dortmund GmbH KGaA's Altman Z-Score has ranged from 0.81 to 4.14. According to the industry distribution chart, Borussia Dortmund GmbH KGaA ranks #603 out of 1019 companies in the Media - Diversified industry, placing it in the top 59.2%.
Is Borussia Dortmund GmbH KGaA's Altman Z-Score too high?
Borussia Dortmund GmbH KGaA's current Altman Z-Score of 1.46 is 20% below median its 10-year median of 1.83. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 4.14. The Media - Diversified industry median Altman Z-Score is 1.98. Borussia Dortmund GmbH KGaA's value of 1.46 is 26.3% below this industry median. Based on the distribution chart, Borussia Dortmund GmbH KGaA ranks #603 out of 1019 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Borussia Dortmund GmbH KGaA has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Borussia Dortmund GmbH KGaA's Altman Z-Score compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Borussia Dortmund GmbH KGaA ranks #603 out of 1019 companies for Altman Z-Score. This places Borussia Dortmund GmbH KGaA in the lower half of its industry. The industry median Altman Z-Score is 1.98. Borussia Dortmund GmbH KGaA's value of 1.46 is 26.3% below this benchmark. Historically, Borussia Dortmund GmbH KGaA's own Altman Z-Score has ranged from 0.81 to 4.14 over the past decade. While the company's 10-year median is 1.83 vs. the industry median of 1.98, Borussia Dortmund GmbH KGaA 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 Media - Diversified company?
The median Altman Z-Score among Media - Diversified companies is 1.98, based on 1,019 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. Borussia Dortmund GmbH KGaA's current Altman Z-Score of 1.46 is 26.3% 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 Borussia Dortmund GmbH KGaA and its competitors. For the Media - Diversified industry, the median Altman Z-Score is 1.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Borussia Dortmund GmbH KGaA's current Altman Z-Score is 1.46, which is 20% below median its own 10-year median of 1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borussia Dortmund GmbH KGaA stock overvalued right now?
Based on GuruFocus' analysis, Borussia Dortmund GmbH KGaA (HAM:BVB) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.50, compared to a current price of €2.99 — trading 14.7% below its estimated fair value. The current Altman Z-Score is 1.46, which is 20% below median its 10-year median of 1.83 and 26.3% below the Media - Diversified industry median of 1.98. Borussia Dortmund GmbH KGaA's overall GF Score™ is 65/100 with 5 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 Borussia Dortmund GmbH KGaA (HAM:BVB), the current Altman Z-Score is 1.46 as of Jun. 24, 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 Borussia Dortmund GmbH KGaA (HAM:BVB) Overvalued in 2026?
Based on GuruFocus' analysis, Borussia Dortmund GmbH KGaA stock appears to be undervalued.
The current stock price of €2.99 is trading 14.7% below its estimated GF Value™ of €3.50.
GuruFocus considers Borussia Dortmund GmbH KGaA to be Modestly Undervalued.
Key valuation signals for HAM:BVB:
Altman Z-Score: 1.46 (20% below median its 10-year median of 1.83)
GF Value™: €3.50 vs. price of €2.99 (14.7% below fair value)
Industry Position: 26.3% below the Media - Diversified median (#603 of 1019)
No single metric tells the full story. See the HAM:BVB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Borussia Dortmund GmbH & Co KGaA operates a football club. The company conducts its business through the following segments: Borussia Dortmund GmbH & Co. KGaA operates a football club that includes a professional football squad and leverages revenue potential from player transfers, catering, TV marketing, sponsorship, and ticketing. The BVB Merchandising segment consists of a separate merchandising business. The BVB Event and Catering GmbH segment conducts tours, provides and arranges event staffing services, plans and organizes, caters, and manages events of all types. The Besttravel Dortmund GmbH segment arranges travel by air, rail, and ship. The company earns the majority of its revenues from the Borussia Dortmund GmbH & Co. KGaA segment.
65GF Score
Get the complete analysis for HAM:BVB
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HAM:BVB has been successfully added to your 
