PannErgy (LTS:0IE6) Altman Z-Score: 2.17 (As of Jul. 23, 2026) — 126% Above Median

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LTS:0IE6 PannErgy PLC LTS:0IE6
85 GF Score
Price Ft1,070.00
GF Value Ft842.15
! 7 Warning Signs
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What is PannErgy Altman Z-Score?

PannErgy LTS:0IE6 85 Altman Z-Score is 2.17 as of Jul. 23, 2026, which is 126% above its 10-year median of 0.96. GuruFocus rates LTS:0IE6 with a GF Score™ of 85/100 and a GF Value™ of Ft842.15. The stock has 7 warning signs investors should review. Among 415 Utilities - Independent Power Producers companies, PannErgy ranks better than 69.88% 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 2.08 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.

PannErgy has a Altman Z-Score of 2.17, indicating it is in Grey Zones. This implies that PannErgy is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 PannErgy's Altman Z-Score or its related term are showing as below:

LTS:0IE6' s Altman Z-Score Range Over the Past 10 Years
Min: 0.51   Med: 0.96   Max: 2.08
Current: 2.08

During the past 13 years, PannErgy's highest Altman Z-Score was 2.08. The lowest was 0.51. And the median was 0.96.


PannErgy  (LTS:0IE6) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


PannErgy Altman Z-Score Related Terms


PannErgy Altman Z-Score Historical Data

* Premium members only.

The historical data trend for PannErgy'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.

PannErgy Altman Z-Score Chart

PannErgy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.08 1.31 1.57 1.45 1.79

PannErgy Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.57 0.00 1.45 0.00 1.79

PannErgy Altman Z-Score Competitor Comparison

For the Utilities - Renewable subindustry, PannErgy'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.


PannErgy Altman Z-Score vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, PannErgy's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where PannErgy's Altman Z-Score falls into.


LTS:0IE6
85GF Score
PannErgy PLC LTS:0IE6
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PannErgy 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.

PannErgy'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*-0.0345+1.4*0.0633+3.3*0.0796+0.6*2.566+1.0*0.3246
=2.17

* 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.

Trailing Twelve Months (TTM) ended in Dec. 2025:
Total Assets was Ft26,951 Mil.
Total Current Assets was Ft3,494 Mil.
Total Current Liabilities was Ft4,424 Mil.
Retained Earnings was Ft1,707 Mil.
Pre-Tax Income was Ft1,725 Mil.
Interest Expense was Ft-420 Mil.
Revenue was Ft8,748 Mil.
Market Cap (Today) was Ft39,060 Mil.
Total Liabilities was Ft15,222 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
=(3494 - 4424)/26951
=-0.0345

X2=Retained Earnings/Total Assets
=1707/26951
=0.0633

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1725 - -420)/26951
=0.0796

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=39059.837/15222
=2.566

X5=Revenue/Total Assets
=8748/26951
=0.3246

The zones of discrimination were as such:

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

PannErgy has a Altman Z-Score of 2.17 indicating it is in Grey 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 2.17 mean?
PannErgy (LTS:0IE6) has a Altman Z-Score of 2.17 as of Jul. 23, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PannErgy and its competitors. This is 126% above median its historical median of 0.96. Over the past decade, PannErgy's Altman Z-Score has ranged from 0.51 to 2.08. According to the industry distribution chart, PannErgy ranks #125 out of 415 companies in the Utilities - Independent Power Producers industry, placing it in the top 30.1%.
Is PannErgy's Altman Z-Score too high?
PannErgy's current Altman Z-Score of 2.17 is 126% above median its 10-year median of 0.96. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 2.08. The Utilities - Independent Power Producers industry median Altman Z-Score is 1.22. PannErgy's value of 2.17 is 77.9% above this industry median. Based on the distribution chart, PannErgy ranks #125 out of 415 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, PannErgy has a GF Score™ of 85/100, reflecting its overall financial health beyond just this single metric.
How does PannErgy's Altman Z-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, PannErgy ranks #125 out of 415 companies for Altman Z-Score. This puts PannErgy in the upper half of its industry. The industry median Altman Z-Score is 1.22. PannErgy's value of 2.17 is 77.9% above this benchmark. Historically, PannErgy's own Altman Z-Score has ranged from 0.51 to 2.08 over the past decade. While the company's 10-year median is 0.96 vs. the industry median of 1.22, PannErgy 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 an Utilities - Independent Power Producers company?
The median Altman Z-Score among Utilities - Independent Power Producers companies is 1.22, based on 415 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. PannErgy's current Altman Z-Score of 2.17 is 77.9% 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 PannErgy and its competitors. For the Utilities - Independent Power Producers industry, the median Altman Z-Score is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PannErgy's current Altman Z-Score is 2.17, which is 126% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PannErgy stock overvalued right now?
PannErgy (LTS:0IE6) has a current Altman Z-Score of 2.17. The stock's GF Value™ is Ft842.15, compared to a current price of Ft1,070.00 — trading 27.1% above its estimated fair value. The current Altman Z-Score is 2.17, which is 126% above median its 10-year median of 0.96 and 77.9% above the Utilities - Independent Power Producers industry median of 1.22. PannErgy's overall GF Score™ is 85/100 with 7 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 PannErgy (LTS:0IE6), the current Altman Z-Score is 2.17 as of Jul. 23, 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 PannErgy (LTS:0IE6) Overvalued in 2026?

Based on GuruFocus' analysis, PannErgy stock appears to be overvalued. The current stock price of Ft1,070.00 is trading 27.1% above its estimated GF Value™ of Ft842.15.

Key valuation signals for LTS:0IE6:

  • Altman Z-Score: 2.17 (126% above median its 10-year median of 0.96)
  • GF Value™: Ft842.15 vs. price of Ft1,070.00 (27.1% above fair value)
  • GF Score™: 85/100 with 7 warning signs
  • Industry Position: 77.9% above the Utilities - Independent Power Producers median (#125 of 415)

No single metric tells the full story. See the LTS:0IE6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


PannErgy Business Description

Other Exchanges PANNERGY:HungaryPPL:Germany
Address Boldizsar Str. 2. D lepcsohaz 8, Budapest, HUN, 1112
PannErgy PLC is engaged in the usage of renewable, geothermal energy resources as well as asset management. It has one reportable segment, which is Energy. The company is committed to the energy-related exploitation of one of Europe's active geothermal water resources. With environment-sparing investments, the company can set geothermal heat to serve households and industrial users, in the long run, thereby achieving a considerable reduction in energy expenses.
85GF Score

Get the complete analysis for LTS:0IE6

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

Ft1,070.00
Price
Ft842.15
GF Value