Incap OyjLTS:0ERY -1.95%92 Altman Z-Score is 3.60 as of Jun. 28, 2026, which is 33% below its 10-year median of 5.34. GuruFocus rates LTS:0ERY with a GF Score™ of 92/100 and a GF Value™ of €10.69 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,459 Hardware companies, Incap Oyj ranks better than 50.18% 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.
Good Sign:
Altman Z-score of 3.6 is strong.
Incap Oyj has a Altman Z-Score of 3.60, 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 Incap Oyj's Altman Z-Score or its related term are showing as below:
LTS:0ERY'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.73 Med: 5.34 Max: 6.96
Current: 3.6
During the past 13 years, Incap Oyj's highest Altman Z-Score was 6.96. The lowest was -0.73. And the median was 5.34.
Incap Oyj (LTS:0ERY) 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.
Altman Z-Score does not apply to financial companies.
Incap Oyj Altman Z-Score Related Terms
Incap Oyj Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Incap Oyj'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.
LTS:0ERY vs APH, GLW, TEL: Altman Z-Score Comparison
For the Electronic Components subindustry, Incap Oyj'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.
Incap Oyj Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, Incap Oyj's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Incap Oyj'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.
Incap Oyj'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
*
0.4247
+
1.4
*
0.4995
+
3.3
*
0.1043
+
0.6
*
2.0329
+
1.0
*
0.8314
=
3.60
* 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.
Incap Oyj (LTS:0ERY) has a Altman Z-Score of 3.60 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Incap Oyj and its competitors. This is 33% below median its historical median of 5.34. According to the industry distribution chart, Incap Oyj ranks #1225 out of 2459 companies in the Hardware industry, placing it in the top 49.8%.
Is Incap Oyj's Altman Z-Score too high?
Incap Oyj's current Altman Z-Score of 3.60 is 33% below median its 10-year median of 5.34. The Hardware industry median Altman Z-Score is 3.59. Incap Oyj's value of 3.60 is 0.3% above this industry median. Based on the distribution chart, Incap Oyj ranks #1225 out of 2459 companies in the Hardware industry, which is above the industry midpoint. Overall, Incap Oyj has a GF Score™ of 92/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Incap Oyj's Altman Z-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Incap Oyj ranks #1225 out of 2459 companies for Altman Z-Score. This puts Incap Oyj in the upper half of its industry. The industry median Altman Z-Score is 3.59. Incap Oyj's value of 3.60 is 0.3% above this benchmark. While the company's 10-year median is 5.34 vs. the industry median of 3.59, Incap Oyj 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.59, based on 2,459 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. Incap Oyj's current Altman Z-Score of 3.60 is 0.3% 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 Incap Oyj and its competitors. For the Hardware industry, the median Altman Z-Score is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Incap Oyj's current Altman Z-Score is 3.60, which is 33% below median its own 10-year median of 5.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Incap Oyj stock overvalued right now?
Based on GuruFocus' analysis, Incap Oyj (LTS:0ERY) is currently considered Modestly Undervalued. The stock's GF Value™ is €10.69, compared to a current price of €8.57 — trading 19.8% below its estimated fair value. The current Altman Z-Score is 3.60, which is 33% below median its 10-year median of 5.34 and 0.3% above the Hardware industry median of 3.59. Incap Oyj's overall GF Score™ is 92/100 with 2 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 Incap Oyj (LTS:0ERY), the current Altman Z-Score is 3.60 as of Jun. 28, 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 Incap Oyj (LTS:0ERY) Overvalued in 2026?
Based on GuruFocus' analysis, Incap Oyj stock appears to be undervalued.
The current stock price of €8.57 is trading 19.8% below its estimated GF Value™ of €10.69.
GuruFocus considers Incap Oyj to be Modestly Undervalued.
Key valuation signals for LTS:0ERY:
Altman Z-Score: 3.60 (33% below median its 10-year median of 5.34)
GF Value™: €10.69 vs. price of €8.57 (19.8% below fair value)
Industry Position: 0.3% above the Hardware median (#1225 of 2459)
No single metric tells the full story. See the LTS:0ERY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Incap Oyj operates as a full-service provider in Electronics Manufacturing Services (EMS), supporting customers ranging from large multinational corporations, mid-sized companies, and small start-ups across the complete manufacturing value chain. Its services include material procurement, prototyping and engineering, production ramp-up, serial production, design, project management, final assembly, testing, and logistics, along with key offerings such as prototyping and engineering, PCB assembly manufacturing, box-build assembly, and customised solutions. The Company operates across Europe, North America, Asia, Africa, and Australia, with Europe generating the majority of its revenue.
92GF Score
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