EAM Solar ASOSL:EAM +1.63%28 Altman Z-Score is 1.37 as of Jun. 28, 2026, which is 204% above its 10-year median of 0.45. GuruFocus rates OSL:EAM with a GF Score™ of 28/100 and a GF Value™ of kr0.54 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 411 Utilities - Independent Power Producers companies, EAM Solar AS ranks better than 53.28% 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 1.37 is in distress zone. This implies bankruptcy possibility in the next two years.
EAM Solar AS has a Altman Z-Score of 1.37, 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 EAM Solar AS's Altman Z-Score or its related term are showing as below:
OSL:EAM'
s Altman Z-Score Range Over the Past 10 Years
Min: -6.23 Med: 0.45 Max: 2.04
Current: 1.37
During the past 13 years, EAM Solar AS's highest Altman Z-Score was 2.04. The lowest was -6.23. And the median was 0.45.
EAM Solar AS (OSL:EAM) 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.
Altman Z-Score does not apply to financial companies.
EAM Solar AS Altman Z-Score Related Terms
EAM Solar AS Altman Z-Score Historical Data
* Premium members only.
The historical data trend for EAM Solar 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.
For the Utilities - Renewable subindustry, EAM Solar 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.
EAM Solar AS Altman Z-Score vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, EAM Solar AS's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where EAM Solar AS's Altman Z-Score falls into.
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.
EAM Solar 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
*
0.5499
+
1.4
*
0
+
3.3
*
0.1188
+
0.6
*
0.3725
+
1.0
*
0.093
=
1.37
* 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.
EAM Solar AS (OSL:EAM) has a Altman Z-Score of 1.37 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on EAM Solar AS and its competitors. This is 204% above median its historical median of 0.45. According to the industry distribution chart, EAM Solar AS ranks #192 out of 411 companies in the Utilities - Independent Power Producers industry, placing it in the top 46.7%.
Is EAM Solar AS's Altman Z-Score too high?
EAM Solar AS's current Altman Z-Score of 1.37 is 204% above median its 10-year median of 0.45. The Utilities - Independent Power Producers industry median Altman Z-Score is 1.23. EAM Solar AS's value of 1.37 is 11.4% above this industry median. Based on the distribution chart, EAM Solar AS ranks #192 out of 411 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, EAM Solar AS has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does EAM Solar AS's Altman Z-Score compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, EAM Solar AS ranks #192 out of 411 companies for Altman Z-Score. This puts EAM Solar AS in the upper half of its industry. The industry median Altman Z-Score is 1.23. EAM Solar AS's value of 1.37 is 11.4% above this benchmark. While the company's 10-year median is 0.45 vs. the industry median of 1.23, EAM Solar AS 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 an Utilities - Independent Power Producers company?
The median Altman Z-Score among Utilities - Independent Power Producers companies is 1.23, based on 411 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. EAM Solar AS's current Altman Z-Score of 1.37 is 11.4% 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 EAM Solar AS and its competitors. For the Utilities - Independent Power Producers industry, the median Altman Z-Score is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EAM Solar AS's current Altman Z-Score is 1.37, which is 204% above median its own 10-year median of 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EAM Solar AS stock overvalued right now?
Based on GuruFocus' analysis, EAM Solar AS (OSL:EAM) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.54, compared to a current price of kr0.75 — trading 38.9% above its estimated fair value. The current Altman Z-Score is 1.37, which is 204% above median its 10-year median of 0.45 and 11.4% above the Utilities - Independent Power Producers industry median of 1.23. EAM Solar AS's overall GF Score™ is 28/100 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 EAM Solar AS (OSL:EAM), the current Altman Z-Score is 1.37 as of Jun. 28, 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 EAM Solar AS (OSL:EAM) Overvalued in 2026?
Based on GuruFocus' analysis, EAM Solar AS stock appears to be overvalued.
The current stock price of kr0.75 is trading 38.9% above its estimated GF Value™ of kr0.54.
GuruFocus considers EAM Solar AS to be Significantly Overvalued.
Key valuation signals for OSL:EAM:
Altman Z-Score: 1.37 (204% above median its 10-year median of 0.45)
GF Value™: kr0.54 vs. price of kr0.75 (38.9% above fair value)
Industry Position: 11.4% above the Utilities - Independent Power Producers median (#192 of 411)
No single metric tells the full story. See the OSL:EAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EAM Solar AS primary business is to own solar PV power plants and sell electricity under long-term fixed-price sales contracts, and to pursue legal proceedings to restore company values. The Company's primary assets include four solar PV power plants in Italy, in the regions of Apulia and Basilicata in Southern Italy.
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