Ellos Holding AB (OSTO:ELLOS) Altman Z-Score: 1.06 (As of Jul. 27, 2026)

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OSTO:ELLOS Ellos Holding AB OSTO:ELLOS
7 GF Score
Price kr58.30
! 4 Warning Signs
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What is Ellos Holding AB Altman Z-Score?

Ellos Holding AB OSTO:ELLOS +0.17% 7 Altman Z-Score is 1.06 as of Jul. 27, 2026. GuruFocus rates OSTO:ELLOS with a GF Score™ of 7/100. The stock has 4 warning signs investors should review. Among 1,114 Retail - Cyclical companies, Ellos Holding AB ranks worse than 89766.52% 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.

Ellos Holding AB has a Altman Z-Score of 1.06, 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 Ellos Holding AB's Altman Z-Score or its related term are showing as below:


Ellos Holding AB  (OSTO:ELLOS) 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.


Ellos Holding AB Altman Z-Score Related Terms


Ellos Holding AB Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Ellos Holding AB'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.

Ellos Holding AB Altman Z-Score Chart

Ellos Holding AB Annual Data
Trend Dec23 Dec24 Dec25
Altman Z-Score
0.00 0.00 0.00

Ellos Holding AB Quarterly Data
Dec23 Dec24 Mar25 Dec25 Mar26
Altman Z-Score 0.00 0.00 0.00 0.00 0.00

OSTO:ELLOS vs AMZN, BABA, PDD: Altman Z-Score Comparison

For the Internet Retail subindustry, Ellos Holding 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.


Ellos Holding AB Altman Z-Score vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ellos Holding AB's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Ellos Holding AB's Altman Z-Score falls into.


OSTO:ELLOS
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Ellos Holding AB OSTO:ELLOS
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Ellos Holding 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.

Ellos Holding AB'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*0.0986+1.4*-0.0171+3.3*0.0117+0.6*0.6359+1.0*0.5434
=1.06

* 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 kr3,004.8 Mil.
Total Current Assets was kr1,046.7 Mil.
Total Current Liabilities was kr750.5 Mil.
Retained Earnings was kr-51.3 Mil.
Pre-Tax Income was -18.4 + 0 + -12.5 + 0 = kr-30.9 Mil.
Interest Expense was -34.7 + 0 + -31.5 + 0 = kr-66.2 Mil.
Revenue was 831.2 + 0 + 801.7 + 0 = kr1,632.9 Mil.
Market Cap (Today) was kr1,442.8 Mil.
Total Liabilities was kr2,268.7 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
=(1046.7 - 750.5)/3004.8
=0.0986

X2=Retained Earnings/Total Assets
=-51.3/3004.8
=-0.0171

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-30.9 - -66.2)/3004.8
=0.0117

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1442.763/2268.7
=0.6359

X5=Revenue/Total Assets
=1632.9/3004.8
=0.5434

The zones of discrimination were as such:

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

Ellos Holding AB has a Altman Z-Score of 1.06 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 1.06 mean?
Ellos Holding AB (OSTO:ELLOS) has a Altman Z-Score of 1.06 as of Jul. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ellos Holding AB and its competitors. According to the industry distribution chart, Ellos Holding AB ranks #999999 out of 1114 companies in the Retail - Cyclical industry.
Is Ellos Holding AB's Altman Z-Score too high?
Ellos Holding AB's current Altman Z-Score is 1.06. The Retail - Cyclical industry median Altman Z-Score is 2.74. Ellos Holding AB's value of 1.06 is 61.2% below this industry median. Based on the distribution chart, Ellos Holding AB ranks #999999 out of 1114 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Ellos Holding AB has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Ellos Holding AB's Altman Z-Score compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Ellos Holding AB ranks #999999 out of 1114 companies for Altman Z-Score. This places Ellos Holding AB in the lower half of its industry. The industry median Altman Z-Score is 2.74. Ellos Holding AB's value of 1.06 is 61.2% below 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 a Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.74, based on 1,114 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. Ellos Holding AB's current Altman Z-Score of 1.06 is 61.2% 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 Ellos Holding AB and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ellos Holding AB's current Altman Z-Score is 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ellos Holding AB stock overvalued right now?
Ellos Holding AB (OSTO:ELLOS) has a current Altman Z-Score of 1.06. The current Altman Z-Score is 1.06 and 61.2% below the Retail - Cyclical industry median of 2.74. Ellos Holding AB's overall GF Score™ is 7/100 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 Ellos Holding AB (OSTO:ELLOS), the current Altman Z-Score is 1.06 as of Jul. 27, 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.

Ellos Holding AB Business Description

Address Odegardsgatan 6, Boras, SWE, SE-504 64
Ellos Holding AB operates online shopping platforms focused on fashion and home interior products in the Nordic region. Its online stores include Ellos, Jotex, and Homeroom, offering products across categories such as shoes, underwear and swimwear, apparel, sportswear, beauty products, pet products, kids' products, men's products, furniture, lighting, textiles, carpets, curtains, bedding, and kitchen products. The company offers both own-brand and external-brand products and provides payment and financing solutions through its Elpy platform.
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