Koninklijke KPN NV (MEX:KPNN) Altman Z-Score: 0.68 (As of Jul. 01, 2026) — 26% Above Median


MEX:KPNN Koninklijke KPN NV MEX:KPNN
74 GF Score
Price MXN84.19
GF Value MXN75.03
! 6 Warning Signs
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What is Koninklijke KPN NV Altman Z-Score?

Koninklijke KPN NV MEX:KPNN 74 Altman Z-Score is 0.68 as of Jul. 01, 2026, which is 26% above its 10-year median of 0.54. GuruFocus rates MEX:KPNN with a GF Score™ of 74/100 and a GF Value™ of MXN75.03. The stock has 6 warning signs investors should review. Among 364 Telecommunication Services companies, Koninklijke KPN NV ranks worse than 78.85% 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 0.77 is in distress zone. This implies bankruptcy possibility in the next two years.

Koninklijke KPN NV has a Altman Z-Score of 0.68, 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 Koninklijke KPN NV's Altman Z-Score or its related term are showing as below:

MEX:KPNN' s Altman Z-Score Range Over the Past 10 Years
Min: -0.14   Med: 0.54   Max: 0.78
Current: 0.77

During the past 13 years, Koninklijke KPN NV's highest Altman Z-Score was 0.78. The lowest was -0.14. And the median was 0.54.


Koninklijke KPN NV  (MEX:KPNN) 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.


Koninklijke KPN NV Altman Z-Score Related Terms


Koninklijke KPN NV Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Koninklijke KPN NV'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.

Koninklijke KPN NV Altman Z-Score Chart

Koninklijke KPN NV 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 0.62 0.78 0.60 0.53 0.67

Koninklijke KPN NV Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 0.63 0.74 0.72 0.67 0.00

MEX:KPNN vs TMUS, VZ, T: Altman Z-Score Comparison

For the Telecom Services subindustry, Koninklijke KPN NV'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.


Koninklijke KPN NV Altman Z-Score vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Koninklijke KPN NV's Altman Z-Score distribution charts can be found below:

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


MEX:KPNN
74GF Score
Koninklijke KPN NV MEX:KPNN
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Koninklijke KPN NV 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.

Koninklijke KPN NV'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*-0.0608+1.4*-0.3798+3.3*0.0483+0.6*1.6869+1.0*0.1181
=0.68

* 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.

Trailing Twelve Months (TTM) ended in Dec. 2025:
Total Assets was MXN267,682 Mil.
Total Current Assets was MXN28,442 Mil.
Total Current Liabilities was MXN44,719 Mil.
Retained Earnings was MXN-101,667 Mil.
Pre-Tax Income was 0 + 0 + 0 + 5950.635 = MXN5,951 Mil.
Interest Expense was -104.235 + -5334.241 + -107.654 + -1433.365 = MXN-6,979 Mil.
Revenue was 0 + 0 + 0 + 31620.894 = MXN31,621 Mil.
Market Cap (Today) was MXN324,906 Mil.
Total Liabilities was MXN192,602 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
=(28442.259 - 44719.075)/267681.929
=-0.0608

X2=Retained Earnings/Total Assets
=-101666.845/267681.929
=-0.3798

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(5950.635 - -6979.495)/267681.929
=0.0483

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=324906.089/192601.955
=1.6869

X5=Revenue/Total Assets
=31620.894/267681.929
=0.1181

The zones of discrimination were as such:

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

Koninklijke KPN NV has a Altman Z-Score of 0.68 indicating it is in Distress 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 0.68 mean?
Koninklijke KPN NV (MEX:KPNN) has a Altman Z-Score of 0.68 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Koninklijke KPN NV and its competitors. This is 26% above median its historical median of 0.54. According to the industry distribution chart, Koninklijke KPN NV ranks #287 out of 364 companies in the Telecommunication Services industry, placing it in the top 78.8%.
Is Koninklijke KPN NV's Altman Z-Score too high?
Koninklijke KPN NV's current Altman Z-Score of 0.68 is 26% above median its 10-year median of 0.54. The Telecommunication Services industry median Altman Z-Score is 1.72. Koninklijke KPN NV's value of 0.68 is 60.3% below this industry median. Based on the distribution chart, Koninklijke KPN NV ranks #287 out of 364 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Koninklijke KPN NV has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Koninklijke KPN NV's Altman Z-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Koninklijke KPN NV ranks #287 out of 364 companies for Altman Z-Score. This places Koninklijke KPN NV in the lower half of its industry. The industry median Altman Z-Score is 1.72. Koninklijke KPN NV's value of 0.68 is 60.3% below this benchmark. While the company's 10-year median is 0.54 vs. the industry median of 1.72, Koninklijke KPN NV 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 Telecommunication Services company?
The median Altman Z-Score among Telecommunication Services companies is 1.72, based on 364 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. Koninklijke KPN NV's current Altman Z-Score of 0.68 is 60.3% 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 Koninklijke KPN NV and its competitors. For the Telecommunication Services industry, the median Altman Z-Score is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Koninklijke KPN NV's current Altman Z-Score is 0.68, which is 26% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koninklijke KPN NV stock overvalued right now?
Koninklijke KPN NV (MEX:KPNN) has a current Altman Z-Score of 0.68. The stock's GF Value™ is MXN75.03, compared to a current price of MXN84.19 — trading 12.2% above its estimated fair value. The current Altman Z-Score is 0.68, which is 26% above median its 10-year median of 0.54 and 60.3% below the Telecommunication Services industry median of 1.72. Koninklijke KPN NV's overall GF Score™ is 74/100 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 Koninklijke KPN NV (MEX:KPNN), the current Altman Z-Score is 0.68 as of Jul. 01, 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 Koninklijke KPN NV (MEX:KPNN) Overvalued in 2026?

Based on GuruFocus' analysis, Koninklijke KPN NV stock appears to be overvalued. The current stock price of MXN84.19 is trading 12.2% above its estimated GF Value™ of MXN75.03.

Key valuation signals for MEX:KPNN:

  • Altman Z-Score: 0.68 (26% above median its 10-year median of 0.54)
  • GF Value™: MXN75.03 vs. price of MXN84.19 (12.2% above fair value)
  • GF Score™: 74/100 with 6 warning signs
  • Industry Position: 60.3% below the Telecommunication Services median (#287 of 364)

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


Koninklijke KPN NV Business Description

Address Wilhelminakade 123, Rotterdam, NLD, 3072 AP
KPN is the incumbent telecommunications operator in the Netherlands. It has 40% share of the broadband market and 20% of the postpaid mobile market, with VodafoneZiggo (mobile and fixed) and Odido (mobile) as main competitors. KPN is rolling out fiber to the home in the Netherlands and expects to have most of the country covered by 2026. KPN's management has a cost-conscious mentality, something that has allowed it to grow dividends at midsingle digits over many years.
74GF Score

Get the complete analysis for MEX:KPNN

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

MXN84.19
Price
MXN75.03
GF Value