Calnex SolutionsSTU:CSO -0.68%53 Altman Z-Score is 4.04 as of Jun. 27, 2026, which is 35% below its 10-year median of 6.24. GuruFocus rates STU:CSO with a GF Score™ of 53/100 and a GF Value™ of €0.70 (Fairly Valued). The stock has 4 warning signs investors should review. Among 2,456 Hardware companies, Calnex Solutions ranks better than 54.85% 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 4.09 is strong.
Calnex Solutions has a Altman Z-Score of 4.04, 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 Calnex Solutions's Altman Z-Score or its related term are showing as below:
STU:CSO'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.25 Med: 6.24 Max: 11.01
Current: 4.09
During the past 9 years, Calnex Solutions's highest Altman Z-Score was 11.01. The lowest was 3.25. And the median was 6.24.
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.
Calnex Solutions Altman Z-Score Related Terms
Calnex Solutions Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Calnex Solutions'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.
STU:CSO vs CSCO, CIEN, MSI: Altman Z-Score Comparison
For the Communication Equipment subindustry, Calnex Solutions'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.
Calnex Solutions Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, Calnex Solutions's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Calnex Solutions'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.
Calnex Solutions'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
*
0.3749
+
1.4
*
0.4056
+
3.3
*
0.0315
+
0.6
*
3.9838
+
1.0
*
0.5239
=
4.04
* 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.
Calnex Solutions (STU:CSO) has a Altman Z-Score of 4.04 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Calnex Solutions and its competitors. This is 35% below median its historical median of 6.24. Over the past decade, Calnex Solutions' Altman Z-Score has ranged from 3.25 to 11.01. According to the industry distribution chart, Calnex Solutions ranks #1109 out of 2456 companies in the Hardware industry, placing it in the top 45.2%.
Is Calnex Solutions' Altman Z-Score too high?
Calnex Solutions' current Altman Z-Score of 4.04 is 35% below median its 10-year median of 6.24. Over the past 10 years, this metric has ranged from a low of 3.25 to a high of 11.01. The Hardware industry median Altman Z-Score is 3.69. Calnex Solutions' value of 4.04 is 9.5% above this industry median. Based on the distribution chart, Calnex Solutions ranks #1109 out of 2456 companies in the Hardware industry, which is above the industry midpoint. Overall, Calnex Solutions has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Calnex Solutions' Altman Z-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Calnex Solutions ranks #1109 out of 2456 companies for Altman Z-Score. This puts Calnex Solutions in the upper half of its industry. The industry median Altman Z-Score is 3.69. Calnex Solutions' value of 4.04 is 9.5% above this benchmark. Historically, Calnex Solutions' own Altman Z-Score has ranged from 3.25 to 11.01 over the past decade. While the company's 10-year median is 6.24 vs. the industry median of 3.69, Calnex Solutions 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 3.69, based on 2,456 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. Calnex Solutions's current Altman Z-Score of 4.04 is 9.5% 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 Calnex Solutions and its competitors. For the Hardware industry, the median Altman Z-Score is 3.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Calnex Solutions's current Altman Z-Score is 4.04, which is 35% below median its own 10-year median of 6.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Calnex Solutions stock overvalued right now?
Based on GuruFocus' analysis, Calnex Solutions (STU:CSO) is currently considered Fairly Valued. The stock's GF Value™ is €0.70, compared to a current price of €0.74 — trading 5% above its estimated fair value. The current Altman Z-Score is 4.04, which is 35% below median its 10-year median of 6.24 and 9.5% above the Hardware industry median of 3.69. Calnex Solutions' overall GF Score™ is 53/100 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 Calnex Solutions (STU:CSO), the current Altman Z-Score is 4.04 as of Jun. 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.
Is Calnex Solutions (STU:CSO) Overvalued in 2026?
Based on GuruFocus' analysis, Calnex Solutions stock appears to be overvalued.
The current stock price of €0.74 is trading 5% above its estimated GF Value™ of €0.70.
GuruFocus considers Calnex Solutions to be Fairly Valued.
Key valuation signals for STU:CSO:
Altman Z-Score: 4.04 (35% below median its 10-year median of 6.24)
GF Value™: €0.70 vs. price of €0.74 (5% above fair value)
Industry Position: 9.5% above the Hardware median (#1109 of 2456)
No single metric tells the full story. See the STU:CSO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Calnex Solutions PLC is a provider of test and measurement solutions for the telecommunications sector. It designs, produces, and markets test instrumentation and solutions for network synchronization and network emulation. The company offers its equipment to network operators, network providers, systems suppliers, laboratories, and network infrastructures. The company operates in North Asia, Americas and Rest of the world, out of which it derives maximum revenue from Rest of the World.
53GF Score
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