What is Scandinavian Medical Solutions AS Altman Z-Score?
Scandinavian Medical Solutions ASOCSE:SMSMED -0.32%82 Altman Z-Score is 2.51 as of Jul. 05, 2026, which is 38% below its 10-year median of 4.04. GuruFocus rates OCSE:SMSMED with a GF Score™ of 82/100 and a GF Value™ of kr6.23 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 809 Medical Devices & Instruments companies, Scandinavian Medical Solutions AS ranks worse than 55.87% 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 2.51 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.
Scandinavian Medical Solutions AS has a Altman Z-Score of 2.51, indicating it is in Grey Zones. This implies that Scandinavian Medical Solutions 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 Scandinavian Medical Solutions AS's Altman Z-Score or its related term are showing as below:
OCSE:SMSMED'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.51 Med: 4.04 Max: 4.58
Current: 2.51
During the past 7 years, Scandinavian Medical Solutions AS's highest Altman Z-Score was 4.58. The lowest was 2.51. And the median was 4.04.
Scandinavian Medical Solutions AS (OCSE:SMSMED) 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.
Scandinavian Medical Solutions AS Altman Z-Score Chart
OCSE:SMSMED vs ABT, SYK, MDT: Altman Z-Score Comparison
For the Medical Devices subindustry, Scandinavian Medical Solutions 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.
Scandinavian Medical Solutions AS Altman Z-Score vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Scandinavian Medical Solutions AS's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Scandinavian Medical Solutions AS's Altman Z-Score falls into.
Scandinavian Medical Solutions 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.
* 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.
Scandinavian Medical Solutions AS (OCSE:SMSMED) has a Altman Z-Score of 2.51 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Scandinavian Medical Solutions AS and its competitors. This is 38% below median its historical median of 4.04. Over the past decade, Scandinavian Medical Solutions AS's Altman Z-Score has ranged from 2.51 to 4.58. According to the industry distribution chart, Scandinavian Medical Solutions AS ranks #452 out of 809 companies in the Medical Devices & Instruments industry, placing it in the top 55.9%.
Is Scandinavian Medical Solutions AS's Altman Z-Score too high?
Scandinavian Medical Solutions AS's current Altman Z-Score of 2.51 is 38% below median its 10-year median of 4.04. Over the past 10 years, this metric has ranged from a low of 2.51 to a high of 4.58. The Medical Devices & Instruments industry median Altman Z-Score is 3.02. Scandinavian Medical Solutions AS's value of 2.51 is 16.9% below this industry median. Based on the distribution chart, Scandinavian Medical Solutions AS ranks #452 out of 809 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Scandinavian Medical Solutions AS has a GF Score™ of 82/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Scandinavian Medical Solutions AS's Altman Z-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Scandinavian Medical Solutions AS ranks #452 out of 809 companies for Altman Z-Score. This places Scandinavian Medical Solutions AS in the lower half of its industry. The industry median Altman Z-Score is 3.02. Scandinavian Medical Solutions AS's value of 2.51 is 16.9% below this benchmark. Historically, Scandinavian Medical Solutions AS's own Altman Z-Score has ranged from 2.51 to 4.58 over the past decade. While the company's 10-year median is 4.04 vs. the industry median of 3.02, Scandinavian Medical Solutions 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 a Medical Devices & Instruments company?
The median Altman Z-Score among Medical Devices & Instruments companies is 3.02, based on 809 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. Scandinavian Medical Solutions AS's current Altman Z-Score of 2.51 is 16.9% 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 Scandinavian Medical Solutions AS and its competitors. For the Medical Devices & Instruments industry, the median Altman Z-Score is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scandinavian Medical Solutions AS's current Altman Z-Score is 2.51, which is 38% below median its own 10-year median of 4.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scandinavian Medical Solutions AS stock overvalued right now?
Based on GuruFocus' analysis, Scandinavian Medical Solutions AS (OCSE:SMSMED) is currently considered Possible Value Trap. The stock's GF Value™ is kr6.23, compared to a current price of kr3.14 — trading 49.6% below its estimated fair value. The current Altman Z-Score is 2.51, which is 38% below median its 10-year median of 4.04 and 16.9% below the Medical Devices & Instruments industry median of 3.02. Scandinavian Medical Solutions AS's overall GF Score™ is 82/100 with 7 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 Scandinavian Medical Solutions AS (OCSE:SMSMED), the current Altman Z-Score is 2.51 as of Jul. 05, 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 Scandinavian Medical Solutions AS (OCSE:SMSMED) Overvalued in 2026?
Based on GuruFocus' analysis, Scandinavian Medical Solutions AS stock appears to be undervalued.
The current stock price of kr3.14 is trading 49.6% below its estimated GF Value™ of kr6.23.
GuruFocus considers Scandinavian Medical Solutions AS to be Possible Value Trap.
Key valuation signals for OCSE:SMSMED:
Altman Z-Score: 2.51 (38% below median its 10-year median of 4.04)
GF Value™: kr6.23 vs. price of kr3.14 (49.6% below fair value)
Industry Position: 16.9% below the Medical Devices & Instruments median (#452 of 809)
No single metric tells the full story. See the OCSE:SMSMED stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Scandinavian Medical Solutions AS Business Description
Scandinavian Medical Solutions AS is a provider of Medical Imaging equipment. The company specializes in the acquisition, quality check, and resale of high-quality pre-owned medical imaging systems. The company supplies value-added resellers and distributors in various countries with MRI, CT, PET/CT, and other diagnostic scanners. It operates the business through three business areas, Equipment Solutions, Parts Solutions and Rental Solutions. Equipment Solutions is the company's main source of revenue, which focuses on sourcing, inspecting, and selling imaging systems such as MRI, CT, PET/CT, Cath-Lab, and Mammography units.
82GF Score
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