InstallatorGruppen AS (OCSE:IG) Altman Z-Score: 2.24 (As of Jun. 29, 2026)


What is InstallatorGruppen AS Altman Z-Score?

InstallatorGruppen AS OCSE:IG -3.25% Altman Z-Score is 2.24 as of Jun. 29, 2026. The stock has 3 warning signs investors should review. Among 1,753 Construction companies, InstallatorGruppen AS ranks worse than 57045.01% 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.

InstallatorGruppen AS has a Altman Z-Score of 2.24, indicating it is in Grey Zones. This implies that InstallatorGruppen 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 InstallatorGruppen AS's Altman Z-Score or its related term are showing as below:

InstallatorGruppen AS  (OCSE:IG) 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.

InstallatorGruppen AS Altman Z-Score Related Terms

InstallatorGruppen AS Altman Z-Score Historical Data

* Premium members only.

The historical data trend for InstallatorGruppen 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.

InstallatorGruppen AS Altman Z-Score Chart

InstallatorGruppen AS Annual Data
Trend Dec23 Dec24 Dec25
Altman Z-Score
0.00 0.00 0.00

InstallatorGruppen AS Quarterly Data
Dec23 Dec24 Mar25 Dec25 Mar26
Altman Z-Score 0.00 0.00 0.00 0.00 0.00

OCSE:IG vs PWR, FIX, EME: Altman Z-Score Comparison

For the Engineering & Construction subindustry, InstallatorGruppen 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.

InstallatorGruppen AS Altman Z-Score vs Construction Industry

For the Construction industry and Industrials sector, InstallatorGruppen AS's Altman Z-Score distribution charts can be found below:

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


InstallatorGruppen 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.

InstallatorGruppen 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*0.0985+1.4*0.3326+3.3*0.0082+0.6*1.7721+1.0*0.5615
=2.24

* 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 kr3,348 Mil.
Total Current Assets was kr1,379 Mil.
Total Current Liabilities was kr1,049 Mil.
Retained Earnings was kr1,114 Mil.
Pre-Tax Income was -70.699 + 0 + -5.549 + 0 = kr-76 Mil.
Interest Expense was -92.427 + 0 + -11.158 + 0 = kr-104 Mil.
Revenue was 1082.26 + 0 + 797.829 + 0 = kr1,880 Mil.
Market Cap (Today) was kr3,762 Mil.
Total Liabilities was kr2,123 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
=(1379.038 - 1049.334)/3348.419
=0.0985

X2=Retained Earnings/Total Assets
=1113.542/3348.419
=0.3326

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-76.248 - -103.585)/3348.419
=0.0082

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=3762.307/2123.071
=1.7721

X5=Revenue/Total Assets
=1880.089/3348.419
=0.5615

The zones of discrimination were as such:

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

InstallatorGruppen AS has a Altman Z-Score of 2.24 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 2.24 mean?
InstallatorGruppen AS (OCSE:IG) has a Altman Z-Score of 2.24 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on InstallatorGruppen AS and its competitors. According to the industry distribution chart, InstallatorGruppen AS ranks #999999 out of 1753 companies in the Construction industry.
Is InstallatorGruppen AS's Altman Z-Score too high?
InstallatorGruppen AS's current Altman Z-Score is 2.24. The Construction industry median Altman Z-Score is 2.33. InstallatorGruppen AS's value of 2.24 is 3.9% below this industry median. Based on the distribution chart, InstallatorGruppen AS ranks #999999 out of 1753 companies in the Construction industry, which is in the bottom quartile relative to peers.
How does InstallatorGruppen AS's Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, InstallatorGruppen AS ranks #999999 out of 1753 companies for Altman Z-Score. This places InstallatorGruppen AS in the lower half of its industry. The industry median Altman Z-Score is 2.33. InstallatorGruppen AS's value of 2.24 is 3.9% below this benchmark. 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 Construction company?
The median Altman Z-Score among Construction companies is 2.33, based on 1,753 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. InstallatorGruppen AS's current Altman Z-Score of 2.24 is 3.9% 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 InstallatorGruppen AS and its competitors. For the Construction industry, the median Altman Z-Score is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. InstallatorGruppen AS's current Altman Z-Score is 2.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is InstallatorGruppen AS stock overvalued right now?
InstallatorGruppen AS (OCSE:IG) has a current Altman Z-Score of 2.24. The current Altman Z-Score is 2.24 and 3.9% below the Construction industry median of 2.33. 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 InstallatorGruppen AS (OCSE:IG), the current Altman Z-Score is 2.24 as of Jun. 29, 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.

InstallatorGruppen AS Business Description

Address Stoden 6-8, Roskilde, DNK, 4000
InstallatorGruppen AS is a provider of a multi-disciplinary technical installation group operating across Denmark and Switzerland. It comprises independent companies with a local presence and in-depth technical expertise. The companies within the Group offer solutions in the fields of plumbing, heating, ventilation/air conditioning, refrigeration, and electrical systems, as well as in selected specialist areas such as sprinkler systems, energy optimisation, building automation, fibre-optic infrastructure, and solar panel installations. It focused is to be a preferred partner for its customers in implementing the energy transition.