Bewi ASA (OSL:BEWI) Altman Z-Score: 1.13 (As of Jul. 05, 2026) — 29% Below Median


OSL:BEWI Bewi ASA OSL:BEWI
72 GF Score
Price kr17.80
GF Value kr20.12
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Bewi ASA Altman Z-Score?

Bewi ASA OSL:BEWI -1.77% 72 Altman Z-Score is 1.13 as of Jul. 05, 2026, which is 29% below its 10-year median of 1.60. GuruFocus rates OSL:BEWI with a GF Score™ of 72/100 and a GF Value™ of kr20.12 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 390 Packaging & Containers companies, Bewi ASA ranks worse than 87.95% 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 1.13 is in distress zone. This implies bankruptcy possibility in the next two years.

Bewi ASA has a Altman Z-Score of 1.13, 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 Bewi ASA's Altman Z-Score or its related term are showing as below:

OSL:BEWI' s Altman Z-Score Range Over the Past 10 Years
Min: 1.06   Med: 1.6   Max: 3.09
Current: 1.13

During the past 8 years, Bewi ASA's highest Altman Z-Score was 3.09. The lowest was 1.06. And the median was 1.60.


Bewi ASA  (OSL:BEWI) 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.


Bewi ASA Altman Z-Score Related Terms


Bewi ASA Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Bewi ASA'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.

Bewi ASA Altman Z-Score Chart

Bewi ASA Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 2.98 1.70 1.44 1.26 1.18

Bewi ASA 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 1.13 1.08 1.15 1.18 1.06

OSL:BEWI vs SW, PKG, IP: Altman Z-Score Comparison

For the Packaging & Containers subindustry, Bewi ASA'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.


Bewi ASA Altman Z-Score vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Bewi ASA's Altman Z-Score distribution charts can be found below:

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


OSL:BEWI
72GF Score
Bewi ASA OSL:BEWI
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bewi ASA 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.

Bewi ASA'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*0.0743+1.4*0+3.3*0.0023+0.6*0.5293+1.0*0.7118
=1.13

* 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 kr13,111 Mil.
Total Current Assets was kr3,100 Mil.
Total Current Liabilities was kr2,126 Mil.
Retained Earnings was kr0 Mil.
Pre-Tax Income was -97.144 + -150.302 + -122.538 + -92.751 = kr-463 Mil.
Interest Expense was -111.66 + -120.715 + -126.039 + -134.489 = kr-493 Mil.
Revenue was 2217.57 + 2333.818 + 2367.905 + 2413.847 = kr9,333 Mil.
Market Cap (Today) was kr4,210 Mil.
Total Liabilities was kr7,954 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
=(3099.685 - 2126.009)/13111.131
=0.0743

X2=Retained Earnings/Total Assets
=0/13111.131
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-462.735 - -492.903)/13111.131
=0.0023

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4210.097/7953.55
=0.5293

X5=Revenue/Total Assets
=9333.14/13111.131
=0.7118

The zones of discrimination were as such:

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

Bewi ASA has a Altman Z-Score of 1.13 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 1.13 mean?
Bewi ASA (OSL:BEWI) has a Altman Z-Score of 1.13 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Bewi ASA and its competitors. This is 29% below median its historical median of 1.60. Over the past decade, Bewi ASA's Altman Z-Score has ranged from 1.06 to 3.09. According to the industry distribution chart, Bewi ASA ranks #343 out of 390 companies in the Packaging & Containers industry, placing it in the top 87.9%.
Is Bewi ASA's Altman Z-Score too high?
Bewi ASA's current Altman Z-Score of 1.13 is 29% below median its 10-year median of 1.60. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 3.09. The Packaging & Containers industry median Altman Z-Score is 2.67. Bewi ASA's value of 1.13 is 57.7% below this industry median. Based on the distribution chart, Bewi ASA ranks #343 out of 390 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Bewi ASA has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bewi ASA's Altman Z-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Bewi ASA ranks #343 out of 390 companies for Altman Z-Score. This places Bewi ASA in the lower half of its industry. The industry median Altman Z-Score is 2.67. Bewi ASA's value of 1.13 is 57.7% below this benchmark. Historically, Bewi ASA's own Altman Z-Score has ranged from 1.06 to 3.09 over the past decade. While the company's 10-year median is 1.60 vs. the industry median of 2.67, Bewi ASA 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 Packaging & Containers company?
The median Altman Z-Score among Packaging & Containers companies is 2.67, based on 390 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. Bewi ASA's current Altman Z-Score of 1.13 is 57.7% 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 Bewi ASA and its competitors. For the Packaging & Containers industry, the median Altman Z-Score is 2.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bewi ASA's current Altman Z-Score is 1.13, which is 29% below median its own 10-year median of 1.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bewi ASA stock overvalued right now?
Based on GuruFocus' analysis, Bewi ASA (OSL:BEWI) is currently considered Modestly Undervalued. The stock's GF Value™ is kr20.12, compared to a current price of kr17.80 — trading 11.5% below its estimated fair value. The current Altman Z-Score is 1.13, which is 29% below median its 10-year median of 1.60 and 57.7% below the Packaging & Containers industry median of 2.67. Bewi ASA's overall GF Score™ is 72/100 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 Bewi ASA (OSL:BEWI), the current Altman Z-Score is 1.13 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 Bewi ASA (OSL:BEWI) Overvalued in 2026?

Based on GuruFocus' analysis, Bewi ASA stock appears to be undervalued. The current stock price of kr17.80 is trading 11.5% below its estimated GF Value™ of kr20.12. GuruFocus considers Bewi ASA to be Modestly Undervalued.

Key valuation signals for OSL:BEWI:

  • Altman Z-Score: 1.13 (29% below median its 10-year median of 1.60)
  • GF Value™: kr20.12 vs. price of kr17.80 (11.5% below fair value)
  • GF Score™: 72/100 with 7 warning signs
  • Industry Position: 57.7% below the Packaging & Containers median (#343 of 390)

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


Bewi ASA Business Description

Other Exchanges BEWIo:Sweden5T0:Germany
Address Dyre Halses gate 1A, Trondheim, NOR, 7042
Bewi ASA is engaged in the production and sale of packaging, components, and insulation solutions. The group operates through four reportable segments: RAW, Insulation & Construction, Packaging & Components, and Circular. The RAW segment produces raw materials, mainly expanded polystyrene (EPS), supplying feedstock to downstream operations. The Insulation & Construction segment develops and manufactures insulation solutions for building and infrastructure applications. The Packaging & Components segment provides packaging solutions and technical components for industries such as food, automotive, and HVAC. The Circular segment focuses on the collection, recycling, and processing of used EPS and the production of recycled materials.
72GF Score

Get the complete analysis for OSL:BEWI

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

kr17.80
Price
kr20.12
GF Value