HAMMONIA Schiffsholding AGHAM:HHX 48 Altman Z-Score is 11.93 as of Jul. 10, 2026, which is 132% above its 10-year median of 5.14. GuruFocus rates HAM:HHX with a GF Score™ of 48/100 and a GF Value™ of €284.56 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 996 Transportation companies, HAMMONIA Schiffsholding AG ranks better than 97.79% 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 14.08 is strong.
HAMMONIA Schiffsholding AG has a Altman Z-Score of 11.93, 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 HAMMONIA Schiffsholding AG's Altman Z-Score or its related term are showing as below:
HAM:HHX'
s Altman Z-Score Range Over the Past 10 Years
Min: -2.26 Med: 5.14 Max: 14.08
Current: 14.08
During the past 13 years, HAMMONIA Schiffsholding AG's highest Altman Z-Score was 14.08. The lowest was -2.26. And the median was 5.14.
HAMMONIA Schiffsholding AG (HAM:HHX) 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 Marine Shipping subindustry, HAMMONIA Schiffsholding AG'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.
HAMMONIA Schiffsholding AG Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, HAMMONIA Schiffsholding AG's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where HAMMONIA Schiffsholding AG's Altman Z-Score falls into.
HAMMONIA Schiffsholding AG 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.
HAMMONIA Schiffsholding AG (HAM:HHX) has a Altman Z-Score of 11.93 as of Jul. 10, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on HAMMONIA Schiffsholding AG and its competitors. This is 132% above median its historical median of 5.14. According to the industry distribution chart, HAMMONIA Schiffsholding AG ranks #22 out of 996 companies in the Transportation industry, placing it in the top 2.2%.
Is HAMMONIA Schiffsholding AG's Altman Z-Score too high?
HAMMONIA Schiffsholding AG's current Altman Z-Score of 11.93 is 132% above median its 10-year median of 5.14. The Transportation industry median Altman Z-Score is 2.26. HAMMONIA Schiffsholding AG's value of 11.93 is 427.9% above this industry median. Based on the distribution chart, HAMMONIA Schiffsholding AG ranks #22 out of 996 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, HAMMONIA Schiffsholding AG has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does HAMMONIA Schiffsholding AG's Altman Z-Score compare to KEX?
According to the Transportation industry distribution chart, HAMMONIA Schiffsholding AG ranks #22 out of 996 companies for Altman Z-Score. This places HAMMONIA Schiffsholding AG in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.26. HAMMONIA Schiffsholding AG's value of 11.93 is 427.9% above this benchmark. While the company's 10-year median is 5.14 vs. the industry median of 2.26, HAMMONIA Schiffsholding AG 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.26, based on 996 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. HAMMONIA Schiffsholding AG's current Altman Z-Score of 11.93 is 427.9% 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 HAMMONIA Schiffsholding AG and its competitors. For the Transportation industry, the median Altman Z-Score is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HAMMONIA Schiffsholding AG's current Altman Z-Score is 11.93, which is 132% above median its own 10-year median of 5.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAMMONIA Schiffsholding AG stock overvalued right now?
Based on GuruFocus' analysis, HAMMONIA Schiffsholding AG (HAM:HHX) is currently considered Significantly Overvalued. The stock's GF Value™ is €284.56, compared to a current price of €374.00 — trading 31.4% above its estimated fair value. The current Altman Z-Score is 11.93, which is 132% above median its 10-year median of 5.14 and 427.9% above the Transportation industry median of 2.26. HAMMONIA Schiffsholding AG's overall GF Score™ is 48/100 with 6 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 HAMMONIA Schiffsholding AG (HAM:HHX), the current Altman Z-Score is 11.93 as of Jul. 10, 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 HAMMONIA Schiffsholding AG (HAM:HHX) Overvalued in 2026?
Based on GuruFocus' analysis, HAMMONIA Schiffsholding AG stock appears to be overvalued.
The current stock price of €374.00 is trading 31.4% above its estimated GF Value™ of €284.56.
GuruFocus considers HAMMONIA Schiffsholding AG to be Significantly Overvalued.
Key valuation signals for HAM:HHX:
Altman Z-Score: 11.93 (132% above median its 10-year median of 5.14)
GF Value™: €284.56 vs. price of €374.00 (31.4% above fair value)
Industry Position: 427.9% above the Transportation median (#22 of 996)
No single metric tells the full story. See the HAM:HHX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HAMMONIA Schiffsholding AG is engaged in the acquisition, active management, and sale of investments in shipping companies. As the managing holding company, it manages the individual shipping investments of its respective subsidiaries, providing its customers with operational vessels. The company focuses on container and tank ships, with its portfolio of fleets comprising full container ships, crude oil, and product tankers. In addition, it holds investments in special-purpose vehicles, each of which charters in a multipurpose, heavy-lift vessel on a long-term basis via bareboat charter and out on a time charter basis.
48GF Score
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