poLight ASAOSL:PLT -2.13%43 Altman Z-Score is 44.38 as of Jun. 29, 2026, which is 91% above its 10-year median of 23.26. GuruFocus rates OSL:PLT with a GF Score™ of 43/100 and a GF Value™ of kr4.24 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,459 Hardware companies, poLight ASA ranks better than 98.05% 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 44.38 is strong.
poLight ASA has a Altman Z-Score of 44.38, 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 poLight ASA's Altman Z-Score or its related term are showing as below:
OSL:PLT'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.98 Med: 23.26 Max: 46.14
Current: 44.38
During the past 12 years, poLight ASA's highest Altman Z-Score was 46.14. The lowest was -0.98. And the median was 23.26.
poLight ASA (OSL:PLT) 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.
poLight ASA Altman Z-Score Related Terms
poLight ASA Altman Z-Score Historical Data
* Premium members only.
The historical data trend for poLight 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.
OSL:PLT vs APH, GLW, TEL: Altman Z-Score Comparison
For the Electronic Components subindustry, poLight 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.
poLight ASA Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, poLight ASA's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where poLight ASA'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.
poLight 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
*
0.8802
+
1.4
*
-0.0432
+
3.3
*
-0.322
+
0.6
*
73.9364
+
1.0
*
0.0802
=
44.38
* 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.
poLight ASA (OSL:PLT) has a Altman Z-Score of 44.38 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on poLight ASA and its competitors. This is 91% above median its historical median of 23.26. According to the industry distribution chart, poLight ASA ranks #48 out of 2459 companies in the Hardware industry, placing it in the top 2%.
Is poLight ASA's Altman Z-Score too high?
poLight ASA's current Altman Z-Score of 44.38 is 91% above median its 10-year median of 23.26. The Hardware industry median Altman Z-Score is 3.59. poLight ASA's value of 44.38 is 1136.2% above this industry median. Based on the distribution chart, poLight ASA ranks #48 out of 2459 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, poLight ASA has a GF Score™ of 43/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does poLight ASA's Altman Z-Score compare to APH and GLW?
According to the Hardware industry distribution chart, poLight ASA ranks #48 out of 2459 companies for Altman Z-Score. This places poLight ASA in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.59. poLight ASA's value of 44.38 is 1136.2% above this benchmark. While the company's 10-year median is 23.26 vs. the industry median of 3.59, poLight ASA 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.59, based on 2,459 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. poLight ASA's current Altman Z-Score of 44.38 is 1136.2% 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 poLight ASA and its competitors. For the Hardware industry, the median Altman Z-Score is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. poLight ASA's current Altman Z-Score is 44.38, which is 91% above median its own 10-year median of 23.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is poLight ASA stock overvalued right now?
Based on GuruFocus' analysis, poLight ASA (OSL:PLT) is currently considered Significantly Overvalued. The stock's GF Value™ is kr4.24, compared to a current price of kr10.10 — trading 138.2% above its estimated fair value. The current Altman Z-Score is 44.38, which is 91% above median its 10-year median of 23.26 and 1136.2% above the Hardware industry median of 3.59. poLight ASA's overall GF Score™ is 43/100 with 4 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 poLight ASA (OSL:PLT), the current Altman Z-Score is 44.38 as of Jun. 29, 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 poLight ASA (OSL:PLT) Overvalued in 2026?
Based on GuruFocus' analysis, poLight ASA stock appears to be overvalued.
The current stock price of kr10.10 is trading 138.2% above its estimated GF Value™ of kr4.24.
GuruFocus considers poLight ASA to be Significantly Overvalued.
Key valuation signals for OSL:PLT:
Altman Z-Score: 44.38 (91% above median its 10-year median of 23.26)
GF Value™: kr4.24 vs. price of kr10.10 (138.2% above fair value)
Industry Position: 1136.2% above the Hardware median (#48 of 2459)
No single metric tells the full story. See the OSL:PLT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
poLight ASA provides photographic lenses used in cameras for smartphones, wearables such as watches and glasses, and industrial applications including medical and retail. The company specializes in optics, polymers, micro-electromechanical systems technology, and image application and processing. Its products include Driver ASIC and TLens. The Group has only one operating segment the TLens technology platform. Its geographical segments are the United States, Asia, and Europe.
43GF Score
Get the complete analysis for OSL:PLT
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OSL:PLT has been successfully added to your 
