Siemens Healthineers AGLTS:0PMJ +1.51%79 Altman Z-Score is 1.76 as of Jul. 03, 2026, which is 16% below its 10-year median of 2.09. GuruFocus rates LTS:0PMJ with a GF Score™ of 79/100 and a GF Value™ of €52.15 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 807 Medical Devices & Instruments companies, Siemens Healthineers AG ranks worse than 65.8% 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 1.74 is in distress zone. This implies bankruptcy possibility in the next two years.
Siemens Healthineers AG has a Altman Z-Score of 1.76, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Siemens Healthineers AG's Altman Z-Score or its related term are showing as below:
LTS:0PMJ'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.76 Med: 2.09 Max: 3.11
Current: 1.74
During the past 11 years, Siemens Healthineers AG's highest Altman Z-Score was 3.11. The lowest was 0.76. And the median was 2.09.
Siemens Healthineers AG (LTS:0PMJ) 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.
LTS:0PMJ vs ABT, SYK, MDT: Altman Z-Score Comparison
For the Medical Devices subindustry, Siemens Healthineers 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.
Siemens Healthineers AG Altman Z-Score vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Siemens Healthineers AG's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Siemens Healthineers AG's Altman Z-Score falls into.
Siemens Healthineers 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.
Siemens Healthineers AG (LTS:0PMJ) has a Altman Z-Score of 1.76 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Siemens Healthineers AG and its competitors. This is 16% below median its historical median of 2.09. Over the past decade, Siemens Healthineers AG's Altman Z-Score has ranged from 0.76 to 3.11. According to the industry distribution chart, Siemens Healthineers AG ranks #531 out of 807 companies in the Medical Devices & Instruments industry, placing it in the top 65.8%.
Is Siemens Healthineers AG's Altman Z-Score too high?
Siemens Healthineers AG's current Altman Z-Score of 1.76 is 16% below median its 10-year median of 2.09. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 3.11. The Medical Devices & Instruments industry median Altman Z-Score is 2.89. Siemens Healthineers AG's value of 1.76 is 39.1% below this industry median. Based on the distribution chart, Siemens Healthineers AG ranks #531 out of 807 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Siemens Healthineers AG has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Siemens Healthineers AG's Altman Z-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Siemens Healthineers AG ranks #531 out of 807 companies for Altman Z-Score. This places Siemens Healthineers AG in the lower half of its industry. The industry median Altman Z-Score is 2.89. Siemens Healthineers AG's value of 1.76 is 39.1% below this benchmark. Historically, Siemens Healthineers AG's own Altman Z-Score has ranged from 0.76 to 3.11 over the past decade. While the company's 10-year median is 2.09 vs. the industry median of 2.89, Siemens Healthineers AG has consistently been below 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 Medical Devices & Instruments company?
The median Altman Z-Score among Medical Devices & Instruments companies is 2.89, based on 807 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. Siemens Healthineers AG's current Altman Z-Score of 1.76 is 39.1% below 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 Siemens Healthineers AG and its competitors. For the Medical Devices & Instruments industry, the median Altman Z-Score is 2.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Siemens Healthineers AG's current Altman Z-Score is 1.76, which is 16% below median its own 10-year median of 2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siemens Healthineers AG stock overvalued right now?
Based on GuruFocus' analysis, Siemens Healthineers AG (LTS:0PMJ) is currently considered Possible Value Trap. The stock's GF Value™ is €52.15, compared to a current price of €34.68 — trading 33.5% below its estimated fair value. The current Altman Z-Score is 1.76, which is 16% below median its 10-year median of 2.09 and 39.1% below the Medical Devices & Instruments industry median of 2.89. Siemens Healthineers AG's overall GF Score™ is 79/100 with 5 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 Siemens Healthineers AG (LTS:0PMJ), the current Altman Z-Score is 1.76 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 Siemens Healthineers AG (LTS:0PMJ) Overvalued in 2026?
Based on GuruFocus' analysis, Siemens Healthineers AG stock appears to be undervalued.
The current stock price of €34.68 is trading 33.5% below its estimated GF Value™ of €52.15.
GuruFocus considers Siemens Healthineers AG to be Possible Value Trap.
Key valuation signals for LTS:0PMJ:
Altman Z-Score: 1.76 (16% below median its 10-year median of 2.09)
GF Value™: €52.15 vs. price of €34.68 (33.5% below fair value)
Industry Position: 39.1% below the Medical Devices & Instruments median (#531 of 807)
No single metric tells the full story. See the LTS:0PMJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Siemens Healthineers is engaged in therapeutic imaging, radiotherapy, laboratory, and point-of-care diagnostics. The imaging segment (56% of sales in fiscal 2025) includes magnetic resonance imaging, computed tomography, X-ray systems, molecular imaging, and ultrasound. The Varian segment (18% of sales) offers radiotherapy and other oncology solutions. The diagnostics segment (19%) includes in vitro diagnostics and point-of-care diagnostics. The advanced therapies (now part of precision therapy) segment (9%) products are designed to support image-guided minimally invasive treatments in cardiology, interventional radiology, and surgery. The Americas represents 44% of total sales, Europe, Middle East, and Africa 32%, and Asia-Pacific, including China (11%), the remainder.
79GF Score
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