Brodrene A & O Johansen AS (LTS:0RNT) Altman Z-Score: 2.63 (As of Jul. 03, 2026) — Near Median


LTS:0RNT Brodrene A & O Johansen AS LTS:0RNT
73 GF Score
Price kr87.55
GF Value kr97.66
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Brodrene A & O Johansen AS Altman Z-Score?

Brodrene A & O Johansen AS LTS:0RNT 73 Altman Z-Score is 2.63 as of Jul. 03, 2026, which is 3% below its 10-year median of 2.71. GuruFocus rates LTS:0RNT with a GF Score™ of 73/100 and a GF Value™ of kr97.66 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 153 Industrial Distribution companies, Brodrene A & O Johansen AS ranks worse than 64.71% 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 2.61 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.

Brodrene A & O Johansen AS has a Altman Z-Score of 2.63, indicating it is in Grey Zones. This implies that Brodrene A & O Johansen AS 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 Brodrene A & O Johansen AS's Altman Z-Score or its related term are showing as below:

LTS:0RNT' s Altman Z-Score Range Over the Past 10 Years
Min: 1.29   Med: 2.71   Max: 3.99
Current: 2.61

During the past 13 years, Brodrene A & O Johansen AS's highest Altman Z-Score was 3.99. The lowest was 1.29. And the median was 2.71.


Brodrene A & O Johansen AS  (LTS:0RNT) 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.


Brodrene A & O Johansen AS Altman Z-Score Related Terms


Brodrene A & O Johansen AS Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Brodrene A & O Johansen AS'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.

Brodrene A & O Johansen AS Altman Z-Score Chart

Brodrene A & O Johansen AS 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 3.99 3.17 3.09 2.69 2.78

Brodrene A & O Johansen AS 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 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 2.66 2.71 2.73 2.78 2.60

LTS:0RNT vs GWW, FAST, FERG: Altman Z-Score Comparison

For the Industrial Distribution subindustry, Brodrene A & O Johansen AS'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.


Brodrene A & O Johansen AS Altman Z-Score vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Brodrene A & O Johansen AS's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Brodrene A & O Johansen AS's Altman Z-Score falls into.


LTS:0RNT
73GF Score
Brodrene A & O Johansen AS LTS:0RNT
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Brodrene A & O Johansen AS 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.

Brodrene A & O Johansen AS'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*-0.0152+1.4*0.3709+3.3*0.0712+0.6*0.7271+1.0*1.4549
=2.63

* 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 Mar. 2026:
Total Assets was kr4,273 Mil.
Total Current Assets was kr1,833 Mil.
Total Current Liabilities was kr1,898 Mil.
Retained Earnings was kr1,585 Mil.
Pre-Tax Income was 53.8 + 105.6 + 51.9 + 52.6 = kr264 Mil.
Interest Expense was -10.2 + -9.4 + -10.6 + -10 = kr-40 Mil.
Revenue was 1582 + 1672.8 + 1465.2 + 1496.7 = kr6,217 Mil.
Market Cap (Today) was kr1,937 Mil.
Total Liabilities was kr2,664 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
=(1832.7 - 1897.6)/4272.8
=-0.0152

X2=Retained Earnings/Total Assets
=1584.7/4272.8
=0.3709

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(263.9 - -40.2)/4272.8
=0.0712

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1936.847/2663.9
=0.7271

X5=Revenue/Total Assets
=6216.7/4272.8
=1.4549

The zones of discrimination were as such:

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

Brodrene A & O Johansen AS has a Altman Z-Score of 2.63 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 2.63 mean?
Brodrene A & O Johansen AS (LTS:0RNT) has a Altman Z-Score of 2.63 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Brodrene A & O Johansen AS and its competitors. This is near median its historical median of 2.71. Over the past decade, Brodrene A & O Johansen AS's Altman Z-Score has ranged from 1.29 to 3.99. According to the industry distribution chart, Brodrene A & O Johansen AS ranks #99 out of 153 companies in the Industrial Distribution industry, placing it in the top 64.7%.
Is Brodrene A & O Johansen AS's Altman Z-Score too high?
Brodrene A & O Johansen AS's current Altman Z-Score of 2.63 is near median its 10-year median of 2.71. Over the past 10 years, this metric has ranged from a low of 1.29 to a high of 3.99. The Industrial Distribution industry median Altman Z-Score is 3.25. Brodrene A & O Johansen AS's value of 2.63 is 19.1% below this industry median. Based on the distribution chart, Brodrene A & O Johansen AS ranks #99 out of 153 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Brodrene A & O Johansen AS has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Brodrene A & O Johansen AS's Altman Z-Score compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Brodrene A & O Johansen AS ranks #99 out of 153 companies for Altman Z-Score. This places Brodrene A & O Johansen AS in the lower half of its industry. The industry median Altman Z-Score is 3.25. Brodrene A & O Johansen AS's value of 2.63 is 19.1% below this benchmark. Historically, Brodrene A & O Johansen AS's own Altman Z-Score has ranged from 1.29 to 3.99 over the past decade. While the company's 10-year median is 2.71 vs. the industry median of 3.25, Brodrene A & O Johansen AS 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 an Industrial Distribution company?
The median Altman Z-Score among Industrial Distribution companies is 3.25, based on 153 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. Brodrene A & O Johansen AS's current Altman Z-Score of 2.63 is 19.1% 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 Brodrene A & O Johansen AS and its competitors. For the Industrial Distribution industry, the median Altman Z-Score is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Brodrene A & O Johansen AS's current Altman Z-Score is 2.63, which is near median its own 10-year median of 2.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Brodrene A & O Johansen AS stock overvalued right now?
Based on GuruFocus' analysis, Brodrene A & O Johansen AS (LTS:0RNT) is currently considered Modestly Undervalued. The stock's GF Value™ is kr97.66, compared to a current price of kr87.55 — trading 10.4% below its estimated fair value. The current Altman Z-Score is 2.63, which is near median its 10-year median of 2.71 and 19.1% below the Industrial Distribution industry median of 3.25. Brodrene A & O Johansen AS's overall GF Score™ is 73/100 with 4 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 Brodrene A & O Johansen AS (LTS:0RNT), the current Altman Z-Score is 2.63 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 Brodrene A & O Johansen AS (LTS:0RNT) Overvalued in 2026?

Based on GuruFocus' analysis, Brodrene A & O Johansen AS stock appears to be undervalued. The current stock price of kr87.55 is trading 10.4% below its estimated GF Value™ of kr97.66. GuruFocus considers Brodrene A & O Johansen AS to be Modestly Undervalued.

Key valuation signals for LTS:0RNT:

  • Altman Z-Score: 2.63 (near median its 10-year median of 2.71)
  • GF Value™: kr97.66 vs. price of kr87.55 (10.4% below fair value)
  • GF Score™: 73/100 with 4 warning signs
  • Industry Position: 19.1% below the Industrial Distribution median (#99 of 153)

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


Brodrene A & O Johansen AS Business Description

Other Exchanges AOJ B:DenmarkXH0:Germany
Address Rorvang 3, Albertslund, DNK, 2620
Brodrene A & O Johansen AS is a wholesaler that serves professional and private customers through an omni-channel business model combining digital solutions with a physical presence. The company offers a broad range of technical installation materials and related products, including workwear, tools and brackets, water supply, drainage and sewage, energy, electrical products and HVAC solutions, supported by services such as digital solutions, project advice and logistics. It operates through two segments: B2B, which earns the majority of revenue and serves professional tradesmen and construction companies, and B2C, which serves private DIY consumers through webshops and showrooms. The Group operates mainly in Denmark.
73GF Score

Get the complete analysis for LTS:0RNT

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

kr87.55
Price
kr97.66
GF Value