Magnora ASALTS:0MHQ 72 Altman Z-Score is 17.68 as of Jul. 13, 2026, which is 18% above its 10-year median of 15.01. GuruFocus rates LTS:0MHQ with a GF Score™ of 72/100 and a GF Value™ of kr21.67 (Fairly Valued). The stock has 6 warning signs investors should review. Among 415 Utilities - Independent Power Producers companies, Magnora ASA ranks better than 98.07% 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 17.68 is strong.
Magnora ASA has a Altman Z-Score of 17.68, 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 Magnora ASA's Altman Z-Score or its related term are showing as below:
LTS:0MHQ'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.32 Med: 15.01 Max: 146.12
Current: 17.68
During the past 13 years, Magnora ASA's highest Altman Z-Score was 146.12. The lowest was 2.32. And the median was 15.01.
Magnora ASA (LTS:0MHQ) 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.
Magnora ASA Altman Z-Score Related Terms
Magnora ASA Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Magnora ASA'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.
For the Utilities - Renewable subindustry, Magnora ASA'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.
Magnora ASA Altman Z-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Magnora ASA's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Magnora ASA'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.
Magnora ASA'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
*
0.1963
+
1.4
*
0
+
3.3
*
-0.1552
+
0.6
*
29.7198
+
1.0
*
0.1274
=
17.68
* 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.
Magnora ASA (LTS:0MHQ) has a Altman Z-Score of 17.68 as of Jul. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Magnora ASA and its competitors. This is 18% above median its historical median of 15.01. Over the past decade, Magnora ASA's Altman Z-Score has ranged from 2.32 to 146.12. According to the industry distribution chart, Magnora ASA ranks #8 out of 415 companies in the Utilities - Independent Power Producers industry, placing it in the top 1.9%.
Is Magnora ASA's Altman Z-Score too high?
Magnora ASA's current Altman Z-Score of 17.68 is 18% above median its 10-year median of 15.01. Over the past 10 years, this metric has ranged from a low of 2.32 to a high of 146.12. The Utilities - Independent Power Producers industry median Altman Z-Score is 1.22. Magnora ASA's value of 17.68 is 1349.2% above this industry median. Based on the distribution chart, Magnora ASA ranks #8 out of 415 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Magnora ASA has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Magnora ASA's Altman Z-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Magnora ASA ranks #8 out of 415 companies for Altman Z-Score. This places Magnora ASA in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.22. Magnora ASA's value of 17.68 is 1349.2% above this benchmark. Historically, Magnora ASA's own Altman Z-Score has ranged from 2.32 to 146.12 over the past decade. While the company's 10-year median is 15.01 vs. the industry median of 1.22, Magnora ASA 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. Magnora ASA's current Altman Z-Score of 17.68 is 1349.2% 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 Magnora ASA 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. Magnora ASA's current Altman Z-Score is 17.68, which is 18% above median its own 10-year median of 15.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Magnora ASA stock overvalued right now?
Based on GuruFocus' analysis, Magnora ASA (LTS:0MHQ) is currently considered Fairly Valued. The stock's GF Value™ is kr21.67, compared to a current price of kr23.68 — trading 9.3% above its estimated fair value. The current Altman Z-Score is 17.68, which is 18% above median its 10-year median of 15.01 and 1349.2% above the Utilities - Independent Power Producers industry median of 1.22. Magnora ASA's overall GF Score™ is 72/100 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 Magnora ASA (LTS:0MHQ), the current Altman Z-Score is 17.68 as of Jul. 13, 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 Magnora ASA (LTS:0MHQ) Overvalued in 2026?
Based on GuruFocus' analysis, Magnora ASA stock appears to be overvalued.
The current stock price of kr23.68 is trading 9.3% above its estimated GF Value™ of kr21.67.
GuruFocus considers Magnora ASA to be Fairly Valued.
Key valuation signals for LTS:0MHQ:
Altman Z-Score: 17.68 (18% above median its 10-year median of 15.01)
GF Value™: kr21.67 vs. price of kr23.68 (9.3% above fair value)
Industry Position: 1349.2% above the Utilities - Independent Power Producers median (#8 of 415)
No single metric tells the full story. See the LTS:0MHQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Magnora ASA is a renewable energy development company, focusing on the development of wind and Solar PV projects. The group has one operating segment, which is the development of renewable projects that includes four segments: Onshore solar photovoltaic (PV) energy, Onshore wind energy, Battery energy storage systems (BESS), and Offshore wind energy.
72GF Score
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