M Vest Water ASOSL:MVW +0.84%71 Altman Z-Score is 8.48 as of Jul. 10, 2026, which is 28% below its 10-year median of 11.81. GuruFocus rates OSL:MVW with a GF Score™ of 71/100 and a GF Value™ of kr14.00 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 3,006 Industrial Products companies, M Vest Water AS ranks better than 81.3% 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.
Good Sign:
Altman Z-score of 7.77 is strong.
M Vest Water AS has a Altman Z-Score of 8.48, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
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 M Vest Water AS's Altman Z-Score or its related term are showing as below:
OSL:MVW'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.53 Med: 11.81 Max: 34.54
Current: 7.77
During the past 8 years, M Vest Water AS's highest Altman Z-Score was 34.54. The lowest was 3.53. And the median was 11.81.
M Vest Water AS (OSL:MVW) 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.
M Vest Water AS Altman Z-Score Related Terms
M Vest Water AS Altman Z-Score Historical Data
* Premium members only.
The historical data trend for M Vest Water 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.
OSL:MVW vs VLTO, ZWS, CECO: Altman Z-Score Comparison
For the Pollution & Treatment Controls subindustry, M Vest Water 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.
M Vest Water AS Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, M Vest Water AS's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where M Vest Water 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.
M Vest Water 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
*
-0.1626
+
1.4
*
0
+
3.3
*
-0.4505
+
0.6
*
15.7734
+
1.0
*
0.6977
=
8.48
* 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.
M Vest Water AS (OSL:MVW) has a Altman Z-Score of 8.48 as of Jul. 10, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on M Vest Water AS and its competitors. This is 28% below median its historical median of 11.81. Over the past decade, M Vest Water AS's Altman Z-Score has ranged from 3.53 to 34.54. According to the industry distribution chart, M Vest Water AS ranks #562 out of 3006 companies in the Industrial Products industry, placing it in the top 18.7%.
Is M Vest Water AS's Altman Z-Score too high?
M Vest Water AS's current Altman Z-Score of 8.48 is 28% below median its 10-year median of 11.81. Over the past 10 years, this metric has ranged from a low of 3.53 to a high of 34.54. The Industrial Products industry median Altman Z-Score is 3.38. M Vest Water AS's value of 8.48 is 150.9% above this industry median. Based on the distribution chart, M Vest Water AS ranks #562 out of 3006 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, M Vest Water AS has a GF Score™ of 71/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does M Vest Water AS's Altman Z-Score compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, M Vest Water AS ranks #562 out of 3006 companies for Altman Z-Score. This places M Vest Water AS in the top 19% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.38. M Vest Water AS's value of 8.48 is 150.9% above this benchmark. Historically, M Vest Water AS's own Altman Z-Score has ranged from 3.53 to 34.54 over the past decade. While the company's 10-year median is 11.81 vs. the industry median of 3.38, M Vest Water 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 Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.38, based on 3,006 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. M Vest Water AS's current Altman Z-Score of 8.48 is 150.9% 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 M Vest Water AS and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M Vest Water AS's current Altman Z-Score is 8.48, which is 28% below median its own 10-year median of 11.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M Vest Water AS stock overvalued right now?
Based on GuruFocus' analysis, M Vest Water AS (OSL:MVW) is currently considered Significantly Undervalued. The stock's GF Value™ is kr14.00, compared to a current price of kr6.00 — trading 57.1% below its estimated fair value. The current Altman Z-Score is 8.48, which is 28% below median its 10-year median of 11.81 and 150.9% above the Industrial Products industry median of 3.38. M Vest Water AS's overall GF Score™ is 71/100 with 3 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 M Vest Water AS (OSL:MVW), the current Altman Z-Score is 8.48 as of Jul. 10, 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 M Vest Water AS (OSL:MVW) Overvalued in 2026?
Based on GuruFocus' analysis, M Vest Water AS stock appears to be undervalued.
The current stock price of kr6.00 is trading 57.1% below its estimated GF Value™ of kr14.00.
GuruFocus considers M Vest Water AS to be Significantly Undervalued.
Key valuation signals for OSL:MVW:
Altman Z-Score: 8.48 (28% below median its 10-year median of 11.81)
GF Value™: kr14.00 vs. price of kr6.00 (57.1% below fair value)
Industry Position: 150.9% above the Industrial Products median (#562 of 3006)
No single metric tells the full story. See the OSL:MVW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
M Vest Water AS is an environmental technology company that has developed products and solutions for the water treatment industry, both in Industrial and Municipal markets. The company is engaged in providing products and equipment utilized for the treatment and purification of water and wastewater. The company focuses on the oil and gas industry, aquaculture, and other industries, and its the available technology can be applied for cleaning water across various industries. The product portfolio of the company comprises NorwaFloc, NORWAPOL, and AFM.
71GF Score
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