Rhoen Klinikum AG (WBO:RHK) Altman Z-Score: 2.54 (As of Jul. 11, 2026) — Near Median


WBO:RHK Rhoen Klinikum AG WBO:RHK
74 GF Score
Price €13.30
GF Value €13.69
! 5 Warning Signs
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What is Rhoen Klinikum AG Altman Z-Score?

Rhoen Klinikum AG WBO:RHK -5.00% 74 Altman Z-Score is 2.54 as of Jul. 11, 2026, which is 1% below its 10-year median of 2.56. GuruFocus rates WBO:RHK with a GF Score™ of 74/100 and a GF Value™ of €13.69. The stock has 5 warning signs investors should review. Among 662 Healthcare Providers & Services companies, Rhoen Klinikum AG ranks better than 52.57% 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 2.58 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Rhoen Klinikum AG has a Altman Z-Score of 2.54, indicating it is in Grey Zones. This implies that Rhoen Klinikum AG is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 Rhoen Klinikum AG's Altman Z-Score or its related term are showing as below:

WBO:RHK' s Altman Z-Score Range Over the Past 10 Years
Min: 2.05   Med: 2.56   Max: 4.52
Current: 2.58

During the past 13 years, Rhoen Klinikum AG's highest Altman Z-Score was 4.52. The lowest was 2.05. And the median was 2.56.


Rhoen Klinikum AG  (WBO:RHK) 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.


Rhoen Klinikum AG Altman Z-Score Related Terms


Rhoen Klinikum AG Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Rhoen Klinikum AG'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.

Rhoen Klinikum AG Altman Z-Score Chart

Rhoen Klinikum AG 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 2.46 2.56 2.05 2.34 2.48

Rhoen Klinikum AG 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 2.25 2.22 2.24 2.48 2.45

WBO:RHK vs HCA, THC, DVA: Altman Z-Score Comparison

For the Medical Care Facilities subindustry, Rhoen Klinikum AG'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.


Rhoen Klinikum AG Altman Z-Score vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Rhoen Klinikum AG's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Rhoen Klinikum AG's Altman Z-Score falls into.


WBO:RHK
74GF Score
Rhoen Klinikum AG WBO:RHK
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Rhoen Klinikum AG 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.

Rhoen Klinikum AG'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*0.3039+1.4*0+3.3*0.0299+0.6*1.8983+1.0*0.9376
=2.54

* 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 €1,841 Mil.
Total Current Assets was €915 Mil.
Total Current Liabilities was €356 Mil.
Retained Earnings was €0 Mil.
Pre-Tax Income was 16.267 + 14.513 + 11.056 + 10.195 = €52 Mil.
Interest Expense was -0.739 + -0.732 + -0.797 + -0.793 = €-3 Mil.
Revenue was 436.144 + 442.581 + 428.627 + 418.778 = €1,726 Mil.
Market Cap (Today) was €904 Mil.
Total Liabilities was €476 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
=(915.124 - 355.558)/1841.057
=0.3039

X2=Retained Earnings/Total Assets
=0/1841.057
=0

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(52.031 - -3.061)/1841.057
=0.0299

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=903.669/476.047
=1.8983

X5=Revenue/Total Assets
=1726.13/1841.057
=0.9376

The zones of discrimination were as such:

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

Rhoen Klinikum AG has a Altman Z-Score of 2.54 indicating it is in Grey 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 2.54 mean?
Rhoen Klinikum AG (WBO:RHK) has a Altman Z-Score of 2.54 as of Jul. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Rhoen Klinikum AG and its competitors. This is near median its historical median of 2.56. Over the past decade, Rhoen Klinikum AG's Altman Z-Score has ranged from 2.05 to 4.52. According to the industry distribution chart, Rhoen Klinikum AG ranks #314 out of 662 companies in the Healthcare Providers & Services industry, placing it in the top 47.4%.
Is Rhoen Klinikum AG's Altman Z-Score too high?
Rhoen Klinikum AG's current Altman Z-Score of 2.54 is near median its 10-year median of 2.56. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 4.52. The Healthcare Providers & Services industry median Altman Z-Score is 2.46. Rhoen Klinikum AG's value of 2.54 is 3.3% above this industry median. Based on the distribution chart, Rhoen Klinikum AG ranks #314 out of 662 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Rhoen Klinikum AG has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Rhoen Klinikum AG's Altman Z-Score compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Rhoen Klinikum AG ranks #314 out of 662 companies for Altman Z-Score. This puts Rhoen Klinikum AG in the upper half of its industry. The industry median Altman Z-Score is 2.46. Rhoen Klinikum AG's value of 2.54 is 3.3% above this benchmark. Historically, Rhoen Klinikum AG's own Altman Z-Score has ranged from 2.05 to 4.52 over the past decade. While the company's 10-year median is 2.56 vs. the industry median of 2.46, Rhoen Klinikum AG 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 Healthcare Providers & Services company?
The median Altman Z-Score among Healthcare Providers & Services companies is 2.46, based on 662 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. Rhoen Klinikum AG's current Altman Z-Score of 2.54 is 3.3% 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 Rhoen Klinikum AG and its competitors. For the Healthcare Providers & Services industry, the median Altman Z-Score is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rhoen Klinikum AG's current Altman Z-Score is 2.54, which is near median its own 10-year median of 2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rhoen Klinikum AG stock overvalued right now?
Rhoen Klinikum AG (WBO:RHK) has a current Altman Z-Score of 2.54. The stock's GF Value™ is €13.69, compared to a current price of €13.30 — trading 2.8% below its estimated fair value. The current Altman Z-Score is 2.54, which is near median its 10-year median of 2.56 and 3.3% above the Healthcare Providers & Services industry median of 2.46. Rhoen Klinikum AG's overall GF Score™ is 74/100 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 Rhoen Klinikum AG (WBO:RHK), the current Altman Z-Score is 2.54 as of Jul. 11, 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 Rhoen Klinikum AG (WBO:RHK) Overvalued in 2026?

Based on GuruFocus' analysis, Rhoen Klinikum AG stock appears to be undervalued. The current stock price of €13.30 is trading 2.8% below its estimated GF Value™ of €13.69.

Key valuation signals for WBO:RHK:

  • Altman Z-Score: 2.54 (near median its 10-year median of 2.56)
  • GF Value™: €13.69 vs. price of €13.30 (2.8% below fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 3.3% above the Healthcare Providers & Services median (#314 of 662)

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


Rhoen Klinikum AG Business Description

Other Exchanges 0NQH:UKRHK:Germany
Address Salzburger Leite 1, Bad Neustadt a. d. Saale, DEU, 97616
Rhoen Klinikum AG provides medical care and healthcare services. The firm operates in three business areas: acute hospitals, medical care centers, and rehabilitation hospitals. The acute hospitals business contributes to the vast majority of the firm's overall revenue. The majority of patients at the firm's acute hospitals and medical care centers are treated on inpatient, semi-inpatient and outpatient healthcare basis. The company generates the entire revenue in Germany, with the Bavaria and Hesse regions contributing the majority proportions of revenue.
74GF Score

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

€13.30
Price
€13.69
GF Value