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 3.61 is strong.
Bawat Water Technologies AB has a Altman Z-Score of 3.61, 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 Bawat Water Technologies AB's Altman Z-Score or its related term are showing as below:
OSTO:BAWAT'
s Altman Z-Score Range Over the Past 10 Years
Min: -5.12 Med: -2.7 Max: 3.61
Current: 3.61
During the past 6 years, Bawat Water Technologies AB's highest Altman Z-Score was 3.61. The lowest was -5.12. And the median was -2.70.
Bawat Water Technologies AB (OSTO:BAWAT) 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.
* 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.
OSTO:BAWAT vs VLTO, ZWS, CECO: Altman Z-Score Comparison
For the Pollution & Treatment Controls subindustry, Bawat Water Technologies AB'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.
Bawat Water Technologies AB Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Bawat Water Technologies AB's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Bawat Water Technologies AB's Altman Z-Score falls into.
Bawat Water Technologies AB 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.
* 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.
Bawat Water Technologies AB (OSTO:BAWAT) has a Altman Z-Score of 3.61 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Bawat Water Technologies AB and its competitors. According to the industry distribution chart, Bawat Water Technologies AB ranks #1376 out of 3007 companies in the Industrial Products industry, placing it in the top 45.8%.
Is Bawat Water Technologies AB's Altman Z-Score too high?
Bawat Water Technologies AB's current Altman Z-Score is 3.61. The Industrial Products industry median Altman Z-Score is 3.35. Bawat Water Technologies AB's value of 3.61 is 7.8% above this industry median. Based on the distribution chart, Bawat Water Technologies AB ranks #1376 out of 3007 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Bawat Water Technologies AB has a GF Score™ of 38/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bawat Water Technologies AB's Altman Z-Score compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Bawat Water Technologies AB ranks #1376 out of 3007 companies for Altman Z-Score. This puts Bawat Water Technologies AB in the upper half of its industry. The industry median Altman Z-Score is 3.35. Bawat Water Technologies AB's value of 3.61 is 7.8% above this benchmark. 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 3.35, based on 3,007 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. Bawat Water Technologies AB's current Altman Z-Score of 3.61 is 7.8% 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 Bawat Water Technologies AB and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bawat Water Technologies AB's current Altman Z-Score is 3.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bawat Water Technologies AB stock overvalued right now?
Based on GuruFocus' analysis, Bawat Water Technologies AB (OSTO:BAWAT) is currently considered Modestly Overvalued. The stock's GF Value™ is kr0.93, compared to a current price of kr1.08 — trading 16.1% above its estimated fair value. The current Altman Z-Score is 3.61 and 7.8% above the Industrial Products industry median of 3.35. Bawat Water Technologies AB's overall GF Score™ is 38/100 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 Bawat Water Technologies AB (OSTO:BAWAT), the current Altman Z-Score is 3.61 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 Bawat Water Technologies AB (OSTO:BAWAT) Overvalued in 2026?
Based on GuruFocus' analysis, Bawat Water Technologies AB stock appears to be overvalued.
The current stock price of kr1.08 is trading 16.1% above its estimated GF Value™ of kr0.93.
GuruFocus considers Bawat Water Technologies AB to be Modestly Overvalued.
Key valuation signals for OSTO:BAWAT:
Altman Z-Score: 3.61
GF Value™: kr0.93 vs. price of kr1.08 (16.1% above fair value)
Industry Position: 7.8% above the Industrial Products median (#1376 of 3007)
No single metric tells the full story. See the OSTO:BAWAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bawat Water Technologies AB markets its patented ballast water management system globally, a cost-efficient, flexible, and sustainable solution to the problem of ballast water treatment. It offers ballast water solutions to the maritime industry in three categories; a ship BWMS for retrofit and new builds, a mobile containerized solution for multiple vessel usage in a port, on a ship or for rigs, and Ballast Water as a service for contingency services in port. Geographically, the company generates a majority of its revenue from Europe, and the rest from Asia and North America.
38GF Score
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