Integrated Wind Solutions ASA (STU:9UG1) Altman Z-Score: 1.31 (As of Jul. 02, 2026) — 50% Below Median


STU:9UG1 Integrated Wind Solutions ASA STU:9UG1
42 GF Score
Price €4.93
GF Value €12.13
Valuation Possible Value Trap
! 6 Warning Signs
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What is Integrated Wind Solutions ASA Altman Z-Score?

Integrated Wind Solutions ASA STU:9UG1 -0.20% 42 Altman Z-Score is 1.31 as of Jul. 02, 2026, which is 50% below its 10-year median of 2.62. GuruFocus rates STU:9UG1 with a GF Score™ of 42/100 and a GF Value™ of €12.13 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 3,006 Industrial Products companies, Integrated Wind Solutions ASA ranks worse than 85.46% 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 1.36 is in distress zone. This implies bankruptcy possibility in the next two years.

Integrated Wind Solutions ASA has a Altman Z-Score of 1.31, 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 Integrated Wind Solutions ASA's Altman Z-Score or its related term are showing as below:

STU:9UG1' s Altman Z-Score Range Over the Past 10 Years
Min: 1.09   Med: 2.62   Max: 11.74
Current: 1.36

During the past 6 years, Integrated Wind Solutions ASA's highest Altman Z-Score was 11.74. The lowest was 1.09. And the median was 2.62.


Integrated Wind Solutions ASA  (STU:9UG1) 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.


Integrated Wind Solutions ASA Altman Z-Score Related Terms


Integrated Wind Solutions ASA Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Integrated Wind Solutions 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.

Integrated Wind Solutions ASA Altman Z-Score Chart

Integrated Wind Solutions ASA Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 5.67 7.77 2.62 1.19 1.22

Integrated Wind Solutions ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.24 1.19 1.09 1.22 1.35

STU:9UG1 vs GEV, ETN, PH: Altman Z-Score Comparison

For the Specialty Industrial Machinery subindustry, Integrated Wind Solutions 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.


Integrated Wind Solutions ASA Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Integrated Wind Solutions ASA's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Integrated Wind Solutions ASA's Altman Z-Score falls into.


STU:9UG1
42GF Score
Integrated Wind Solutions ASA STU:9UG1
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Integrated Wind Solutions ASA 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.

Integrated Wind Solutions 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*0.1157+1.4*0.0865+3.3*0.0668+0.6*0.9364+1.0*0.2708
=1.31

* 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 €428.8 Mil.
Total Current Assets was €83.6 Mil.
Total Current Liabilities was €33.9 Mil.
Retained Earnings was €37.1 Mil.
Pre-Tax Income was 4.888 + 6.85 + 6.27 + 5.953 = €24.0 Mil.
Interest Expense was -2.154 + -1.099 + -0.514 + -0.913 = €-4.7 Mil.
Revenue was 34.946 + 28.667 + 24.119 + 28.378 = €116.1 Mil.
Market Cap (Today) was €201.0 Mil.
Total Liabilities was €214.6 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
=(83.576 - 33.949)/428.834
=0.1157

X2=Retained Earnings/Total Assets
=37.112/428.834
=0.0865

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(23.961 - -4.68)/428.834
=0.0668

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=200.992/214.634
=0.9364

X5=Revenue/Total Assets
=116.11/428.834
=0.2708

The zones of discrimination were as such:

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

Integrated Wind Solutions ASA has a Altman Z-Score of 1.31 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 1.31 mean?
Integrated Wind Solutions ASA (STU:9UG1) has a Altman Z-Score of 1.31 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Integrated Wind Solutions ASA and its competitors. This is 50% below median its historical median of 2.62. Over the past decade, Integrated Wind Solutions ASA's Altman Z-Score has ranged from 1.09 to 11.74. According to the industry distribution chart, Integrated Wind Solutions ASA ranks #2569 out of 3006 companies in the Industrial Products industry, placing it in the top 85.5%.
Is Integrated Wind Solutions ASA's Altman Z-Score too high?
Integrated Wind Solutions ASA's current Altman Z-Score of 1.31 is 50% below median its 10-year median of 2.62. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 11.74. The Industrial Products industry median Altman Z-Score is 3.34. Integrated Wind Solutions ASA's value of 1.31 is 60.8% below this industry median. Based on the distribution chart, Integrated Wind Solutions ASA ranks #2569 out of 3006 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Integrated Wind Solutions ASA has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Integrated Wind Solutions ASA's Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Integrated Wind Solutions ASA ranks #2569 out of 3006 companies for Altman Z-Score. This places Integrated Wind Solutions ASA in the lower half of its industry. The industry median Altman Z-Score is 3.34. Integrated Wind Solutions ASA's value of 1.31 is 60.8% below this benchmark. Historically, Integrated Wind Solutions ASA's own Altman Z-Score has ranged from 1.09 to 11.74 over the past decade. While the company's 10-year median is 2.62 vs. the industry median of 3.34, Integrated Wind Solutions ASA has consistently been below 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 3.34, 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. Integrated Wind Solutions ASA's current Altman Z-Score of 1.31 is 60.8% 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 Integrated Wind Solutions ASA and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Integrated Wind Solutions ASA's current Altman Z-Score is 1.31, which is 50% below median its own 10-year median of 2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Integrated Wind Solutions ASA stock overvalued right now?
Based on GuruFocus' analysis, Integrated Wind Solutions ASA (STU:9UG1) is currently considered Possible Value Trap. The stock's GF Value™ is €12.13, compared to a current price of €4.93 — trading 59.4% below its estimated fair value. The current Altman Z-Score is 1.31, which is 50% below median its 10-year median of 2.62 and 60.8% below the Industrial Products industry median of 3.34. Integrated Wind Solutions ASA's overall GF Score™ is 42/100 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 Integrated Wind Solutions ASA (STU:9UG1), the current Altman Z-Score is 1.31 as of Jul. 02, 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 Integrated Wind Solutions ASA (STU:9UG1) Overvalued in 2026?

Based on GuruFocus' analysis, Integrated Wind Solutions ASA stock appears to be undervalued. The current stock price of €4.93 is trading 59.4% below its estimated GF Value™ of €12.13. GuruFocus considers Integrated Wind Solutions ASA to be Possible Value Trap.

Key valuation signals for STU:9UG1:

  • Altman Z-Score: 1.31 (50% below median its 10-year median of 2.62)
  • GF Value™: €12.13 vs. price of €4.93 (59.4% below fair value)
  • GF Score™: 42/100 with 6 warning signs
  • Industry Position: 60.8% below the Industrial Products median (#2569 of 3006)

No single metric tells the full story. See the STU:9UG1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Integrated Wind Solutions ASA Business Description

Other Exchanges IWS:Norway
Address Stoperigata 2, Aker Brygge, Oslo, NOR, 0250
Integrated Wind Solutions ASA is an integrated provider of offshore wind services by integrating construction and Commissioning service operation vessels (CSOVs) with engineering products and manpower services in a wind farm's installation, commissioning, and operations phase. It operates under two reportable segments: the Integrated wind solutions (IWS) fleet, and the Integrated wind solutions (IWS) services.
42GF Score

Get the complete analysis for STU:9UG1

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.93
Price
€12.13
GF Value