Koskisen (OHEL:KOSKI) Altman Z-Score: 2.59 (As of Jul. 14, 2026) — Near Median

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OHEL:KOSKI Koskisen Corp OHEL:KOSKI
82 GF Score
Price €8.56
GF Value €9.72
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Koskisen Altman Z-Score?

Koskisen OHEL:KOSKI -2.06% 82 Altman Z-Score is 2.59 as of Jul. 14, 2026, which is 5% below its 10-year median of 2.74. GuruFocus rates OHEL:KOSKI with a GF Score™ of 82/100 and a GF Value™ of €9.72 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 282 Forest Products companies, Koskisen ranks better than 67.02% 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.

Koskisen has a Altman Z-Score of 2.59, indicating it is in Grey Zones. This implies that Koskisen 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 Koskisen's Altman Z-Score or its related term are showing as below:

OHEL:KOSKI' s Altman Z-Score Range Over the Past 10 Years
Min: 2.59   Med: 2.74   Max: 3.46
Current: 2.61

During the past 7 years, Koskisen's highest Altman Z-Score was 3.46. The lowest was 2.59. And the median was 2.74.


Koskisen  (OHEL:KOSKI) 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.


Koskisen Altman Z-Score Related Terms


Koskisen Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Koskisen'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.

Koskisen Altman Z-Score Chart

Koskisen Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 0.00 3.44 2.76 2.59 2.69

Koskisen Quarterly Data
Dec19 Dec20 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 2.72 2.82 2.78 2.69 2.66

OHEL:KOSKI vs SSD, UFPI, BCC: Altman Z-Score Comparison

For the Lumber & Wood Production subindustry, Koskisen'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.


Koskisen Altman Z-Score vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Koskisen's Altman Z-Score distribution charts can be found below:

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


OHEL:KOSKI
82GF Score
Koskisen Corp OHEL:KOSKI
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Koskisen 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.

Koskisen'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*0.2035+1.4*0.2463+3.3*0.034+0.6*1.2557+1.0*1.1365
=2.59

* 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 €328.8 Mil.
Total Current Assets was €142.0 Mil.
Total Current Liabilities was €75.1 Mil.
Retained Earnings was €81.0 Mil.
Pre-Tax Income was 1.315 + 1.38 + -1.987 + 6.061 = €6.8 Mil.
Interest Expense was -1.299 + -0.944 + -1.049 + -1.112 = €-4.4 Mil.
Revenue was 105.006 + 95.143 + 83.839 + 89.698 = €373.7 Mil.
Market Cap (Today) was €206.2 Mil.
Total Liabilities was €164.3 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
=(142.004 - 75.1)/328.812
=0.2035

X2=Retained Earnings/Total Assets
=80.985/328.812
=0.2463

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(6.769 - -4.404)/328.812
=0.034

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=206.248/164.254
=1.2557

X5=Revenue/Total Assets
=373.686/328.812
=1.1365

The zones of discrimination were as such:

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

Koskisen has a Altman Z-Score of 2.59 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 2.59 mean?
Koskisen (OHEL:KOSKI) has a Altman Z-Score of 2.59 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Koskisen and its competitors. This is near median its historical median of 2.74. Over the past decade, Koskisen's Altman Z-Score has ranged from 2.59 to 3.46. According to the industry distribution chart, Koskisen ranks #93 out of 282 companies in the Forest Products industry, placing it in the top 33%.
Is Koskisen's Altman Z-Score too high?
Koskisen's current Altman Z-Score of 2.59 is near median its 10-year median of 2.74. Over the past 10 years, this metric has ranged from a low of 2.59 to a high of 3.46. The Forest Products industry median Altman Z-Score is 1.81. Koskisen's value of 2.59 is 43.1% above this industry median. Based on the distribution chart, Koskisen ranks #93 out of 282 companies in the Forest Products industry, which is above the industry midpoint. Overall, Koskisen has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Koskisen's Altman Z-Score compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Koskisen ranks #93 out of 282 companies for Altman Z-Score. This puts Koskisen in the upper half of its industry. The industry median Altman Z-Score is 1.81. Koskisen's value of 2.59 is 43.1% above this benchmark. Historically, Koskisen's own Altman Z-Score has ranged from 2.59 to 3.46 over the past decade. While the company's 10-year median is 2.74 vs. the industry median of 1.81, Koskisen has consistently been above 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 Forest Products company?
The median Altman Z-Score among Forest Products companies is 1.81, based on 282 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. Koskisen's current Altman Z-Score of 2.59 is 43.1% above 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 Koskisen and its competitors. For the Forest Products industry, the median Altman Z-Score is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Koskisen's current Altman Z-Score is 2.59, which is near median its own 10-year median of 2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Koskisen stock overvalued right now?
Based on GuruFocus' analysis, Koskisen (OHEL:KOSKI) is currently considered Modestly Undervalued. The stock's GF Value™ is €9.72, compared to a current price of €8.56 — trading 11.9% below its estimated fair value. The current Altman Z-Score is 2.59, which is near median its 10-year median of 2.74 and 43.1% above the Forest Products industry median of 1.81. Koskisen's overall GF Score™ is 82/100 with 9 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 Koskisen (OHEL:KOSKI), the current Altman Z-Score is 2.59 as of Jul. 14, 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 Koskisen (OHEL:KOSKI) Overvalued in 2026?

Based on GuruFocus' analysis, Koskisen stock appears to be undervalued. The current stock price of €8.56 is trading 11.9% below its estimated GF Value™ of €9.72. GuruFocus considers Koskisen to be Modestly Undervalued.

Key valuation signals for OHEL:KOSKI:

  • Altman Z-Score: 2.59 (near median its 10-year median of 2.74)
  • GF Value™: €9.72 vs. price of €8.56 (11.9% below fair value)
  • GF Score™: 82/100 with 9 warning signs
  • Industry Position: 43.1% above the Forest Products median (#93 of 282)

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


Koskisen Business Description

Other Exchanges EZ8:Germany
Address Tehdastie 2, Jarvela, FIN, 16600
Koskisen Corp is active in the sawn timber and panel industries, where it manufactures a wide range of wooden products such as sawn goods, plywood, and chipboard. Its segments are the Sawn Timber Industry segment, which produces sawn and further processed timber, and the Panel Industry segment, which produces plywood, thin plywood, veneers, chipboards, and interior solutions for light and heavy commercial vehicles under the Kore brand. The company earns the majority of its revenue from the Sawn Timber Industry segment. It operates in Finland, which generates maximum revenue, as well as in Japan, Poland, Germany, and other countries.
82GF Score

Get the complete analysis for OHEL:KOSKI

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

€8.56
Price
€9.72
GF Value