init innovation in traffic systems SE (LTS:0EWR) Altman Z-Score: 3.30 (As of Jul. 03, 2026) — 29% Above Median

Q: What does a Altman Z-Score of 3.30 mean?

init innovation in traffic systems SE (LTS:0EWR) has a Altman Z-Score of 3.30 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on init innovation in traffic systems SE and its competitors. This is 29% above median its historical median of 2.55. Over the past decade, init innovation in traffic systems SE's Altman Z-Score has ranged from 1.90 to 3.56. According to the industry distribution chart, init innovation in traffic systems SE ranks #1342 out of 2766 companies in the Software industry, placing it in the top 48.5%.

Q: Is init innovation in traffic systems SE's Altman Z-Score too high?

init innovation in traffic systems SE's current Altman Z-Score of 3.30 is 29% above median its 10-year median of 2.55. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 3.56. The Software industry median Altman Z-Score is 3.11. init innovation in traffic systems SE's value of 3.30 is 6.1% above this industry median. Based on the distribution chart, init innovation in traffic systems SE ranks #1342 out of 2766 companies in the Software industry, which is above the industry midpoint. Overall, init innovation in traffic systems SE has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

Q: How does init innovation in traffic systems SE's Altman Z-Score compare to IBM and ACN?

According to the Software industry distribution chart, init innovation in traffic systems SE ranks #1342 out of 2766 companies for Altman Z-Score. This puts init innovation in traffic systems SE in the upper half of its industry. The industry median Altman Z-Score is 3.11. init innovation in traffic systems SE's value of 3.30 is 6.1% above this benchmark. Historically, init innovation in traffic systems SE's own Altman Z-Score has ranged from 1.90 to 3.56 over the past decade. While the company's 10-year median is 2.55 vs. the industry median of 3.11, init innovation in traffic systems SE 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.

Q: What is a good Altman Z-Score for a Software company?

The median Altman Z-Score among Software companies is 3.11, based on 2,766 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. init innovation in traffic systems SE's current Altman Z-Score of 3.30 is 6.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

Q: 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 init innovation in traffic systems SE and its competitors. For the Software industry, the median Altman Z-Score is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. init innovation in traffic systems SE's current Altman Z-Score is 3.30, which is 29% above median its own 10-year median of 2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Q: Is init innovation in traffic systems SE stock overvalued right now?

Based on GuruFocus' analysis, init innovation in traffic systems SE (LTS:0EWR) is currently considered Modestly Undervalued. The stock's GF Value™ is €56.20, compared to a current price of €46.60 — trading 17.1% below its estimated fair value. The current Altman Z-Score is 3.30, which is 29% above median its 10-year median of 2.55 and 6.1% above the Software industry median of 3.11. init innovation in traffic systems SE's overall GF Score™ is 95/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

Q: How is Altman Z-Score calculated?

Altman Z-Score is calculated from a company's financial statements. For init innovation in traffic systems SE (LTS:0EWR), the current Altman Z-Score is 3.30 as of Jul. 03, 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.

init innovation in traffic systems SE LTS:0EWR

95 GF Score

Price €46.60

GF Value €56.20

Valuation Modestly Undervalued

2 Warning Signs

View Full Analysis

What is init innovation in traffic systems SE Altman Z-Score?

init innovation in traffic systems SE LTS:0EWR 95 Altman Z-Score is 3.30 as of Jul. 03, 2026, which is 29% above its 10-year median of 2.55. GuruFocus rates LTS:0EWR with a GF Score™ of 95/100 and a GF Value™ of €56.20 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,766 Software companies, init innovation in traffic systems SE ranks better than 51.48% 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 3.21 is strong.

init innovation in traffic systems SE has a Altman Z-Score of 3.30, 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 init innovation in traffic systems SE's Altman Z-Score or its related term are showing as below:

LTS:0EWR' s Altman Z-Score Range Over the Past 10 Years
Min: 1.9 Med: 2.55 Max: 3.56
Current: 3.21

During the past 13 years, init innovation in traffic systems SE's highest Altman Z-Score was 3.56. The lowest was 1.90. And the median was 2.55.

init innovation in traffic systems SE (LTS:0EWR) 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.

Be Aware

Altman Z-Score does not apply to financial companies.

init innovation in traffic systems SE Altman Z-Score Related Terms

init innovation in traffic systems SE Altman Z-Score Historical Data

* Premium members only.

The historical data trend for init innovation in traffic systems SE'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.

init innovation in traffic systems SE Altman Z-Score Chart

init innovation in traffic systems SE Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Altman Z-Score

Get a 7-Day Free Trial

3.13

2.54

2.69

2.63

3.33

init innovation in traffic systems SE Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Altman Z-Score	Get a 7-Day Free Trial															2.71	2.65	3.10	3.33	3.04

LTS:0EWR vs IBM, ACN, FISV: Altman Z-Score Comparison

For the Information Technology Services subindustry, init innovation in traffic systems SE'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.

init innovation in traffic systems SE Altman Z-Score vs Software Industry

For the Software industry and Technology sector, init innovation in traffic systems SE's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where init innovation in traffic systems SE's Altman Z-Score falls into.

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95GF Score

init innovation in traffic systems SE LTS:0EWR

Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.

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init innovation in traffic systems SE 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.

init innovation in traffic systems SE's Altman Z-Score for today is calculated with this formula:

1.2

1.4

3.3

0.6

1.0

1.2

0.2095

1.4

3.3

0.124

0.6

2.5976

1.0

1.0836

3.30

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was €329.9 Mil.
Total Current Assets was €187.6 Mil.
Total Current Liabilities was €118.5 Mil.
Retained Earnings was €0.0 Mil.
Pre-Tax Income was 5.863 + 15.995 + 7.734 + 3.88 = €33.5 Mil.
Interest Expense was -0.817 + -4.943 + -1.001 + -0.669 = €-7.4 Mil.
Revenue was 98.218 + 102.79 + 85.116 + 71.358 = €357.5 Mil.
Market Cap (Today) was €477.2 Mil.
Total Liabilities was €183.7 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1	=	Working Capital	/	Total Assets
	=	(Total Current Assets - Total Current Liabilities)	/	Total Assets
	=	(187.575 - 118.472)	/	329.893
	=	0.2095

X2	=	Retained Earnings	/	Total Assets
	=	0	/	329.893
	=	0

X3	=	Earnings Before Interest and Taxes	/	Total Assets
	=	(Pre-Tax Income - Interest Expense)	/	Total Assets
	=	(33.472 - -7.43)	/	329.893
	=	0.124

X4	=	Market Value Equity	/	Book Value of Total Liabilities
	=	Market Cap	/	Total Liabilities
	=	477.193	/	183.704
	=	2.5976

X5	=	Revenue	/	Total Assets
	=	357.482	/	329.893
	=	1.0836

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

init innovation in traffic systems SE has a Altman Z-Score of 3.30 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →

What does a Altman Z-Score of 3.30 mean?

init innovation in traffic systems SE (LTS:0EWR) has a Altman Z-Score of 3.30 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on init innovation in traffic systems SE and its competitors. This is 29% above median its historical median of 2.55. Over the past decade, init innovation in traffic systems SE's Altman Z-Score has ranged from 1.90 to 3.56. According to the industry distribution chart, init innovation in traffic systems SE ranks #1342 out of 2766 companies in the Software industry, placing it in the top 48.5%.

Is init innovation in traffic systems SE's Altman Z-Score too high?

init innovation in traffic systems SE's current Altman Z-Score of 3.30 is 29% above median its 10-year median of 2.55. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 3.56. The Software industry median Altman Z-Score is 3.11. init innovation in traffic systems SE's value of 3.30 is 6.1% above this industry median. Based on the distribution chart, init innovation in traffic systems SE ranks #1342 out of 2766 companies in the Software industry, which is above the industry midpoint. Overall, init innovation in traffic systems SE has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does init innovation in traffic systems SE's Altman Z-Score compare to IBM and ACN?

According to the Software industry distribution chart, init innovation in traffic systems SE ranks #1342 out of 2766 companies for Altman Z-Score. This puts init innovation in traffic systems SE in the upper half of its industry. The industry median Altman Z-Score is 3.11. init innovation in traffic systems SE's value of 3.30 is 6.1% above this benchmark. Historically, init innovation in traffic systems SE's own Altman Z-Score has ranged from 1.90 to 3.56 over the past decade. While the company's 10-year median is 2.55 vs. the industry median of 3.11, init innovation in traffic systems SE 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 Software company?

The median Altman Z-Score among Software companies is 3.11, based on 2,766 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. init innovation in traffic systems SE's current Altman Z-Score of 3.30 is 6.1% 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 init innovation in traffic systems SE and its competitors. For the Software industry, the median Altman Z-Score is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. init innovation in traffic systems SE's current Altman Z-Score is 3.30, which is 29% above median its own 10-year median of 2.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is init innovation in traffic systems SE stock overvalued right now?

Based on GuruFocus' analysis, init innovation in traffic systems SE (LTS:0EWR) is currently considered Modestly Undervalued. The stock's GF Value™ is €56.20, compared to a current price of €46.60 — trading 17.1% below its estimated fair value. The current Altman Z-Score is 3.30, which is 29% above median its 10-year median of 2.55 and 6.1% above the Software industry median of 3.11. init innovation in traffic systems SE's overall GF Score™ is 95/100 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 init innovation in traffic systems SE (LTS:0EWR), the current Altman Z-Score is 3.30 as of Jul. 03, 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 init innovation in traffic systems SE (LTS:0EWR) Overvalued in 2026?

Based on GuruFocus' analysis, init innovation in traffic systems SE stock appears to be undervalued. The current stock price of €46.60 is trading 17.1% below its estimated GF Value™ of €56.20. GuruFocus considers init innovation in traffic systems SE to be Modestly Undervalued.

Key valuation signals for LTS:0EWR:

Altman Z-Score: 3.30 (29% above median its 10-year median of 2.55)
GF Value™: €56.20 vs. price of €46.60 (17.1% below fair value)
GF Score™: 95/100 with 2 warning signs
Industry Position: 6.1% above the Software median (#1342 of 2766)

No single metric tells the full story. See the LTS:0EWR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

init innovation in traffic systems SE Business Description

Industry Technology Software

Comparable Companies XTER:GFT XTER:NB2 XTER:ADN1 XTER:SHF XTER:COK XTER:AEIN XTER:A1OS XTER:QBY0 XTER:OBS XTER:T3T1 IBM NSE:TCS ACN NSE:INFY TSE:6702 TSE:6701 NSE:HCLTECH FISV XMAD:AMS FIS

Other Exchanges IXXd:UK IXX:Germany IXX:Austria

Address Kaeppelestrasse 4-10, Karlsruhe, BW, DEU, 76131

Website https://www.initag.com

init innovation in traffic systems SE supplies transportation telematics systems. It mainly offers integrated planning, dispatching, telematics, and ticketing solutions for buses and trains around the world. The company operates through the following divisions: INIT Integrated Systems, INIT Cloud Solutions, and INIT Passenger Intelligence. The INIT Integrated Systems division installs and operates integrated hardware and software systems for transport operators; the INIT Cloud Solutions unit offers software and data platforms; and the INIT Passenger Intelligence unit offers solutions to track, analyze, and monitor passenger movement in public transport to optimize overall public transport performance and comfort. Geographically, the company generates maximum revenue from North America.

95GF Score

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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€46.60

Price

€56.20

GF Value

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