Nattaro Labs AB (XSAT:NATTA) Altman Z-Score: 5.09 (As of Jul. 14, 2026) — 2113% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSAT:NATTA Nattaro Labs AB XSAT:NATTA
27 GF Score
Price kr0.70
GF Value kr0.25
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Nattaro Labs AB Altman Z-Score?

Nattaro Labs AB XSAT:NATTA +13.27% 27 Altman Z-Score is 5.09 as of Jul. 14, 2026, which is 2113% above its 10-year median of 0.23. GuruFocus rates XSAT:NATTA with a GF Score™ of 27/100 and a GF Value™ of kr0.25 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,562 Chemicals companies, Nattaro Labs AB ranks better than 65.81% 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 4.4 is strong.

Nattaro Labs AB has a Altman Z-Score of 5.09, 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 Nattaro Labs AB's Altman Z-Score or its related term are showing as below:

XSAT:NATTA' s Altman Z-Score Range Over the Past 10 Years
Min: -4.65   Med: 0.23   Max: 4.4
Current: 4.4

During the past 7 years, Nattaro Labs AB's highest Altman Z-Score was 4.40. The lowest was -4.65. And the median was 0.23.


Nattaro Labs AB  (XSAT:NATTA) 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.


Nattaro Labs AB Altman Z-Score Related Terms


Nattaro Labs AB Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Nattaro Labs AB'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.

Nattaro Labs AB Altman Z-Score Chart

Nattaro Labs AB Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 3.56 -4.65 -3.55 -4.21 -1.39

Nattaro Labs AB Quarterly Data
Dec20 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 0.53 0.81 0.17 -1.39 3.19

XSAT:NATTA vs LIN, SHW, ECL: Altman Z-Score Comparison

For the Specialty Chemicals subindustry, Nattaro Labs AB'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.


Nattaro Labs AB Altman Z-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nattaro Labs AB's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Nattaro Labs AB's Altman Z-Score falls into.


XSAT:NATTA
27GF Score
Nattaro Labs AB XSAT:NATTA
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nattaro Labs AB 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.

Nattaro Labs AB'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*0.0919+1.4*0+3.3*-0.3752+0.6*9.8238+1.0*0.3269
=5.09

* 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 kr16.07 Mil.
Total Current Assets was kr3.48 Mil.
Total Current Liabilities was kr2.00 Mil.
Retained Earnings was kr0.00 Mil.
Pre-Tax Income was -0.293 + -1.593 + -1.751 + -2.685 = kr-6.32 Mil.
Interest Expense was -0.059 + -0.106 + -0.062 + -0.064 = kr-0.29 Mil.
Revenue was 2.006 + 1.144 + 1.382 + 0.722 = kr5.25 Mil.
Market Cap (Today) was kr33.62 Mil.
Total Liabilities was kr3.42 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
=(3.479 - 2.002)/16.072
=0.0919

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-6.322 - -0.291)/16.072
=-0.3752

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=33.617/3.422
=9.8238

X5=Revenue/Total Assets
=5.254/16.072
=0.3269

The zones of discrimination were as such:

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

Nattaro Labs AB has a Altman Z-Score of 5.09 indicating it is in Safe 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 5.09 mean?
Nattaro Labs AB (XSAT:NATTA) has a Altman Z-Score of 5.09 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Nattaro Labs AB and its competitors. This is 2113% above median its historical median of 0.23. According to the industry distribution chart, Nattaro Labs AB ranks #534 out of 1562 companies in the Chemicals industry, placing it in the top 34.2%.
Is Nattaro Labs AB's Altman Z-Score too high?
Nattaro Labs AB's current Altman Z-Score of 5.09 is 2113% above median its 10-year median of 0.23. The Chemicals industry median Altman Z-Score is 3.14. Nattaro Labs AB's value of 5.09 is 62.1% above this industry median. Based on the distribution chart, Nattaro Labs AB ranks #534 out of 1562 companies in the Chemicals industry, which is above the industry midpoint. Overall, Nattaro Labs AB has a GF Score™ of 27/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nattaro Labs AB's Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nattaro Labs AB ranks #534 out of 1562 companies for Altman Z-Score. This puts Nattaro Labs AB in the upper half of its industry. The industry median Altman Z-Score is 3.14. Nattaro Labs AB's value of 5.09 is 62.1% above this benchmark. While the company's 10-year median is 0.23 vs. the industry median of 3.14, Nattaro Labs AB 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.14, based on 1,562 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. Nattaro Labs AB's current Altman Z-Score of 5.09 is 62.1% 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 Nattaro Labs AB and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nattaro Labs AB's current Altman Z-Score is 5.09, which is 2113% above median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nattaro Labs AB stock overvalued right now?
Based on GuruFocus' analysis, Nattaro Labs AB (XSAT:NATTA) is currently considered Significantly Overvalued. The stock's GF Value™ is kr0.25, compared to a current price of kr0.70 — trading 180% above its estimated fair value. The current Altman Z-Score is 5.09, which is 2113% above median its 10-year median of 0.23 and 62.1% above the Chemicals industry median of 3.14. Nattaro Labs AB's overall GF Score™ is 27/100 with 3 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 Nattaro Labs AB (XSAT:NATTA), the current Altman Z-Score is 5.09 as of Jul. 14, 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 Nattaro Labs AB (XSAT:NATTA) Overvalued in 2026?

Based on GuruFocus' analysis, Nattaro Labs AB stock appears to be overvalued. The current stock price of kr0.70 is trading 180% above its estimated GF Value™ of kr0.25. GuruFocus considers Nattaro Labs AB to be Significantly Overvalued.

Key valuation signals for XSAT:NATTA:

  • Altman Z-Score: 5.09 (2113% above median its 10-year median of 0.23)
  • GF Value™: kr0.25 vs. price of kr0.70 (180% above fair value)
  • GF Score™: 27/100 with 3 warning signs
  • Industry Position: 62.1% above the Chemicals median (#534 of 1562)

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


Nattaro Labs AB Business Description

Address Scheelevagen 2, Medicon Village, Lund, SWE, 223 63
Nattaro Labs AB is a Swedish company that carries out research to develop new products and sustainable solutions to combat the growing problem of bed bugs.
27GF Score

Get the complete analysis for XSAT:NATTA

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

kr0.70
Price
kr0.25
GF Value