Foto Volt Eko Energia (WAR:FVE) Altman Z-Score: 0.46 (As of Jul. 06, 2026) — 96% Below Median


WAR:FVE Foto Volt Eko Energia SA WAR:FVE
31 GF Score
Price zł0.32
GF Value zł0.17
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Foto Volt Eko Energia Altman Z-Score?

Foto Volt Eko Energia WAR:FVE 31 Altman Z-Score is 0.46 as of Jul. 06, 2026, which is 96% below its 10-year median of 10.92. GuruFocus rates WAR:FVE with a GF Score™ of 31/100 and a GF Value™ of zł0.17 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,015 Semiconductors companies, Foto Volt Eko Energia ranks worse than 90.94% 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 0.46 is in distress zone. This implies bankruptcy possibility in the next two years.

Foto Volt Eko Energia has a Altman Z-Score of 0.46, 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 Foto Volt Eko Energia's Altman Z-Score or its related term are showing as below:

WAR:FVE' s Altman Z-Score Range Over the Past 10 Years
Min: -0.09   Med: 10.92   Max: 88
Current: 0.46

During the past 13 years, Foto Volt Eko Energia's highest Altman Z-Score was 88.00. The lowest was -0.09. And the median was 10.92.


Foto Volt Eko Energia  (WAR:FVE) 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.


Foto Volt Eko Energia Altman Z-Score Related Terms


Foto Volt Eko Energia Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Foto Volt Eko Energia'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.

Foto Volt Eko Energia Altman Z-Score Chart

Foto Volt Eko Energia 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 4.50 6.31 4.68 9.27 1.45

Foto Volt Eko Energia 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 0.00 10.92 4.03 1.45 0.96

WAR:FVE vs FSLR, NXT, ENPH: Altman Z-Score Comparison

For the Solar subindustry, Foto Volt Eko Energia'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.


Foto Volt Eko Energia Altman Z-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Foto Volt Eko Energia's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Foto Volt Eko Energia's Altman Z-Score falls into.


WAR:FVE
31GF Score
Foto Volt Eko Energia SA WAR:FVE
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Foto Volt Eko Energia 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.

Foto Volt Eko Energia'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*0.1326+1.4*-0.407+3.3*-0.2182+0.6*1.9759+1.0*0.4051
=0.46

* 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 zł4.18 Mil.
Total Current Assets was zł4.10 Mil.
Total Current Liabilities was zł3.54 Mil.
Retained Earnings was zł-1.70 Mil.
Pre-Tax Income was -0.119 + -0.652 + -0.206 + -0.021 = zł-1.00 Mil.
Interest Expense was -0.028 + -0.015 + -0.012 + -0.03 = zł-0.09 Mil.
Revenue was 0.072 + 0.465 + 0.129 + 1.029 = zł1.70 Mil.
Market Cap (Today) was zł7.06 Mil.
Total Liabilities was zł3.57 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
=(4.096 - 3.541)/4.184
=0.1326

X2=Retained Earnings/Total Assets
=-1.703/4.184
=-0.407

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.998 - -0.085)/4.184
=-0.2182

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=7.060/3.573
=1.9759

X5=Revenue/Total Assets
=1.695/4.184
=0.4051

The zones of discrimination were as such:

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

Foto Volt Eko Energia has a Altman Z-Score of 0.46 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 0.46 mean?
Foto Volt Eko Energia (WAR:FVE) has a Altman Z-Score of 0.46 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Foto Volt Eko Energia and its competitors. This is 96% below median its historical median of 10.92. According to the industry distribution chart, Foto Volt Eko Energia ranks #923 out of 1015 companies in the Semiconductors industry, placing it in the top 90.9%.
Is Foto Volt Eko Energia's Altman Z-Score too high?
Foto Volt Eko Energia's current Altman Z-Score of 0.46 is 96% below median its 10-year median of 10.92. The Semiconductors industry median Altman Z-Score is 5.46. Foto Volt Eko Energia's value of 0.46 is 91.6% below this industry median. Based on the distribution chart, Foto Volt Eko Energia ranks #923 out of 1015 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Foto Volt Eko Energia has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Foto Volt Eko Energia's Altman Z-Score compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Foto Volt Eko Energia ranks #923 out of 1015 companies for Altman Z-Score. This places Foto Volt Eko Energia in the lower half of its industry. The industry median Altman Z-Score is 5.46. Foto Volt Eko Energia's value of 0.46 is 91.6% below this benchmark. While the company's 10-year median is 10.92 vs. the industry median of 5.46, Foto Volt Eko Energia 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 Semiconductors company?
The median Altman Z-Score among Semiconductors companies is 5.46, based on 1,015 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. Foto Volt Eko Energia's current Altman Z-Score of 0.46 is 91.6% 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 Foto Volt Eko Energia and its competitors. For the Semiconductors industry, the median Altman Z-Score is 5.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Foto Volt Eko Energia's current Altman Z-Score is 0.46, which is 96% below median its own 10-year median of 10.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Foto Volt Eko Energia stock overvalued right now?
Based on GuruFocus' analysis, Foto Volt Eko Energia (WAR:FVE) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.17, compared to a current price of zł0.32 — trading 87.6% above its estimated fair value. The current Altman Z-Score is 0.46, which is 96% below median its 10-year median of 10.92 and 91.6% below the Semiconductors industry median of 5.46. Foto Volt Eko Energia's overall GF Score™ is 31/100 with 7 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 Foto Volt Eko Energia (WAR:FVE), the current Altman Z-Score is 0.46 as of Jul. 06, 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 Foto Volt Eko Energia (WAR:FVE) Overvalued in 2026?

Based on GuruFocus' analysis, Foto Volt Eko Energia stock appears to be overvalued. The current stock price of zł0.32 is trading 87.6% above its estimated GF Value™ of zł0.17. GuruFocus considers Foto Volt Eko Energia to be Significantly Overvalued.

Key valuation signals for WAR:FVE:

  • Altman Z-Score: 0.46 (96% below median its 10-year median of 10.92)
  • GF Value™: zł0.17 vs. price of zł0.32 (87.6% above fair value)
  • GF Score™: 31/100 with 7 warning signs
  • Industry Position: 91.6% below the Semiconductors median (#923 of 1015)

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


Foto Volt Eko Energia Business Description

Address ul. Bohaterow Warszawy 16/1, Tychy, POL, 43-100
Foto Volt Eko Energia SA offers consulting and installation of photovoltaic installations for companies, housing cooperatives, housing associations and production plants. The company installs photovoltaic power plants for companies on flat roofs of halls, based on ballast systems; on sloping roofs; and on the ground.
31GF Score

Get the complete analysis for WAR:FVE

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

zł0.32
Price
zł0.17
GF Value