Emergent BioSolutions (STU:ER4) Altman Z-Score: 1.24 (As of Jul. 03, 2026) — 49% Below Median


STU:ER4 Emergent BioSolutions Inc STU:ER4
57 GF Score
Price €7.26
GF Value €4.14
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Emergent BioSolutions Altman Z-Score?

Emergent BioSolutions STU:ER4 -1.23% 57 Altman Z-Score is 1.24 as of Jul. 03, 2026, which is 49% below its 10-year median of 2.42. GuruFocus rates STU:ER4 with a GF Score™ of 57/100 and a GF Value™ of €4.14 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 951 Drug Manufacturers companies, Emergent BioSolutions ranks worse than 77.71% 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 1.24 is in distress zone. This implies bankruptcy possibility in the next two years.

Emergent BioSolutions has a Altman Z-Score of 1.24, 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 Emergent BioSolutions's Altman Z-Score or its related term are showing as below:

STU:ER4' s Altman Z-Score Range Over the Past 10 Years
Min: -0.54   Med: 2.42   Max: 11.41
Current: 1.24

During the past 13 years, Emergent BioSolutions's highest Altman Z-Score was 11.41. The lowest was -0.54. And the median was 2.42.


Emergent BioSolutions  (STU:ER4) 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.


Emergent BioSolutions Altman Z-Score Related Terms


Emergent BioSolutions Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Emergent BioSolutions'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.

Emergent BioSolutions Altman Z-Score Chart

Emergent BioSolutions Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.74 0.67 -0.54 1.07 1.69

Emergent BioSolutions 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 1.19 1.72 1.64 1.69 1.24

STU:ER4 vs ELTP, NIKA, EOLS: Altman Z-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Emergent BioSolutions'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.


Emergent BioSolutions Altman Z-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Emergent BioSolutions's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Emergent BioSolutions's Altman Z-Score falls into.


STU:ER4
57GF Score
Emergent BioSolutions Inc STU:ER4
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emergent BioSolutions 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.

Emergent BioSolutions'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*0.3703+1.4*-0.1159+3.3*0.0443+0.6*0.544+1.0*0.4854
=1.24

* 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 €1,142.1 Mil.
Total Current Assets was €551.5 Mil.
Total Current Liabilities was €128.6 Mil.
Retained Earnings was €-132.3 Mil.
Pre-Tax Income was 11.591 + -43.298 + 49.075 + -14.566 = €2.8 Mil.
Interest Expense was -9.515 + -12.554 + -12.95 + -12.745 = €-47.8 Mil.
Revenue was 129.49 + 122.805 + 189.144 + 112.97 = €554.4 Mil.
Market Cap (Today) was €375.1 Mil.
Total Liabilities was €689.7 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
=(551.524 - 128.625)/1142.146
=0.3703

X2=Retained Earnings/Total Assets
=-132.345/1142.146
=-0.1159

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(2.802 - -47.764)/1142.146
=0.0443

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=375.147/689.664
=0.544

X5=Revenue/Total Assets
=554.409/1142.146
=0.4854

The zones of discrimination were as such:

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

Emergent BioSolutions has a Altman Z-Score of 1.24 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 1.24 mean?
Emergent BioSolutions (STU:ER4) has a Altman Z-Score of 1.24 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Emergent BioSolutions and its competitors. This is 49% below median its historical median of 2.42. According to the industry distribution chart, Emergent BioSolutions ranks #739 out of 951 companies in the Drug Manufacturers industry, placing it in the top 77.7%.
Is Emergent BioSolutions' Altman Z-Score too high?
Emergent BioSolutions' current Altman Z-Score of 1.24 is 49% below median its 10-year median of 2.42. The Drug Manufacturers industry median Altman Z-Score is 3.23. Emergent BioSolutions' value of 1.24 is 61.6% below this industry median. Based on the distribution chart, Emergent BioSolutions ranks #739 out of 951 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Emergent BioSolutions has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Emergent BioSolutions' Altman Z-Score compare to ELTP and NIKA?
According to the Drug Manufacturers industry distribution chart, Emergent BioSolutions ranks #739 out of 951 companies for Altman Z-Score. This places Emergent BioSolutions in the lower half of its industry. The industry median Altman Z-Score is 3.23. Emergent BioSolutions' value of 1.24 is 61.6% below this benchmark. While the company's 10-year median is 2.42 vs. the industry median of 3.23, Emergent BioSolutions 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 a Drug Manufacturers company?
The median Altman Z-Score among Drug Manufacturers companies is 3.23, based on 951 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. Emergent BioSolutions's current Altman Z-Score of 1.24 is 61.6% 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 Emergent BioSolutions and its competitors. For the Drug Manufacturers industry, the median Altman Z-Score is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emergent BioSolutions's current Altman Z-Score is 1.24, which is 49% below median its own 10-year median of 2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emergent BioSolutions stock overvalued right now?
Based on GuruFocus' analysis, Emergent BioSolutions (STU:ER4) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.14, compared to a current price of €7.26 — trading 75.2% above its estimated fair value. The current Altman Z-Score is 1.24, which is 49% below median its 10-year median of 2.42 and 61.6% below the Drug Manufacturers industry median of 3.23. Emergent BioSolutions' overall GF Score™ is 57/100 with 5 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 Emergent BioSolutions (STU:ER4), the current Altman Z-Score is 1.24 as of Jul. 03, 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 Emergent BioSolutions (STU:ER4) Overvalued in 2026?

Based on GuruFocus' analysis, Emergent BioSolutions stock appears to be overvalued. The current stock price of €7.26 is trading 75.2% above its estimated GF Value™ of €4.14. GuruFocus considers Emergent BioSolutions to be Significantly Overvalued.

Key valuation signals for STU:ER4:

  • Altman Z-Score: 1.24 (49% below median its 10-year median of 2.42)
  • GF Value™: €4.14 vs. price of €7.26 (75.2% above fair value)
  • GF Score™: 57/100 with 5 warning signs
  • Industry Position: 61.6% below the Drug Manufacturers median (#739 of 951)

No single metric tells the full story. See the STU:ER4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Emergent BioSolutions Business Description

Other Exchanges EBS:USA0IGA:UK
Address 300 Professional Drive, Gaithersburg, MD, USA, 20879
Emergent BioSolutions Inc offers public health products to the government and healthcare providers. Company operates in three segments namely Commercial Product, MCM Products, and Services segment. The Commercial Product Segment consisting of Nasal Spray; the MCM Products Segment consisting of Anthrax-MCM products, Smallpox-MCM products and Other Products and the Services Segment consisting of Bioservices portfolio. Geographically, the company operates in United States, Canada, and Others. It derives maximum revenue from United states. The company's products include: NARCAN Nasal Spray, KLOXXADO Nasal Spray, ACAM2000, ANTHRASIL, BAT, BioThrax, CNJ-016, raxibacumab injection, Ebanga, and others.
57GF Score

Get the complete analysis for STU:ER4

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

€7.26
Price
€4.14
GF Value