Forbo Holding AGXSWX:FORN +0.41%73 Altman Z-Score is 5.34 as of Jun. 25, 2026, which is 6% below its 10-year median of 5.68. GuruFocus rates XSWX:FORN with a GF Score™ of 73/100 and a GF Value™ of CHF879.59 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,758 Construction companies, Forbo Holding AG ranks better than 86.12% 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 5.37 is strong.
Forbo Holding AG has a Altman Z-Score of 5.34, 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 Forbo Holding AG's Altman Z-Score or its related term are showing as below:
XSWX:FORN'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.4 Med: 5.68 Max: 6.26
Current: 5.37
During the past 13 years, Forbo Holding AG's highest Altman Z-Score was 6.26. The lowest was 4.40. And the median was 5.68.
Forbo Holding AG (XSWX:FORN) 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.
Altman Z-Score does not apply to financial companies.
Forbo Holding AG Altman Z-Score Related Terms
Forbo Holding AG Altman Z-Score Historical Data
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The historical data trend for Forbo Holding 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.
XSWX:FORN vs TT, JCI, CARR: Altman Z-Score Comparison
For the Building Products & Equipment subindustry, Forbo Holding 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.
Forbo Holding AG Altman Z-Score vs Construction Industry
For the Construction industry and Industrials sector, Forbo Holding AG's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Forbo Holding AG'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.
Forbo Holding 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
*
0.3599
+
1.4
*
1.0955
+
3.3
*
0.0932
+
0.6
*
3.2536
+
1.0
*
1.1168
=
5.34
* 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.
Forbo Holding AG (XSWX:FORN) has a Altman Z-Score of 5.34 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Forbo Holding AG and its competitors. This is near median its historical median of 5.68. Over the past decade, Forbo Holding AG's Altman Z-Score has ranged from 4.40 to 6.26. According to the industry distribution chart, Forbo Holding AG ranks #244 out of 1758 companies in the Construction industry, placing it in the top 13.9%.
Is Forbo Holding AG's Altman Z-Score too high?
Forbo Holding AG's current Altman Z-Score of 5.34 is near median its 10-year median of 5.68. Over the past 10 years, this metric has ranged from a low of 4.40 to a high of 6.26. The Construction industry median Altman Z-Score is 2.35. Forbo Holding AG's value of 5.34 is 127.2% above this industry median. Based on the distribution chart, Forbo Holding AG ranks #244 out of 1758 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Forbo Holding AG has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forbo Holding AG's Altman Z-Score compare to TT and JCI?
According to the Construction industry distribution chart, Forbo Holding AG ranks #244 out of 1758 companies for Altman Z-Score. This places Forbo Holding AG in the top 14% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.35. Forbo Holding AG's value of 5.34 is 127.2% above this benchmark. Historically, Forbo Holding AG's own Altman Z-Score has ranged from 4.40 to 6.26 over the past decade. While the company's 10-year median is 5.68 vs. the industry median of 2.35, Forbo Holding 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 Construction company?
The median Altman Z-Score among Construction companies is 2.35, based on 1,758 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. Forbo Holding AG's current Altman Z-Score of 5.34 is 127.2% 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 Forbo Holding AG and its competitors. For the Construction industry, the median Altman Z-Score is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forbo Holding AG's current Altman Z-Score is 5.34, which is near median its own 10-year median of 5.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forbo Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Forbo Holding AG (XSWX:FORN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF879.59, compared to a current price of CHF739.00 — trading 16% below its estimated fair value. The current Altman Z-Score is 5.34, which is near median its 10-year median of 5.68 and 127.2% above the Construction industry median of 2.35. Forbo Holding AG's overall GF Score™ is 73/100 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 Forbo Holding AG (XSWX:FORN), the current Altman Z-Score is 5.34 as of Jun. 25, 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 Forbo Holding AG (XSWX:FORN) Overvalued in 2026?
Based on GuruFocus' analysis, Forbo Holding AG stock appears to be undervalued.
The current stock price of CHF739.00 is trading 16% below its estimated GF Value™ of CHF879.59.
GuruFocus considers Forbo Holding AG to be Modestly Undervalued.
Key valuation signals for XSWX:FORN:
Altman Z-Score: 5.34 (near median its 10-year median of 5.68)
GF Value™: CHF879.59 vs. price of CHF739.00 (16% below fair value)
Industry Position: 127.2% above the Construction median (#244 of 1758)
No single metric tells the full story. See the XSWX:FORN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forbo Holding AG manufactures and sells flooring and movement systems. The company organizes itself into two segments based on product type. The Flooring Systems segment, which generates the majority of revenue, sells commercial and residential floor coverings, entrance flooring systems, and building and construction flooring adhesives to the construction and remodeling industries. The Movement Systems segment sells conveyor and processing belts, plastic modular belts, power transmission belts, and flat modular belts, to the food, automotive, and fitness equipment industries. The majority of revenue comes from Europe, and also has its presence in Americas and Asia/Pacific and Africa.
73GF Score
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