Hrvatski Telekom DDZAG:HT -1.42%100 Altman Z-Score is 5.75 as of Jun. 27, 2026, which is 72% below its 10-year median of 20.63. GuruFocus rates ZAG:HT with a GF Score™ of 100/100 and a GF Value™ of €39.80 (Fairly Valued). The stock has 4 warning signs investors should review. Among 366 Telecommunication Services companies, Hrvatski Telekom DD ranks better than 90.16% 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 5.81 is strong.
Hrvatski Telekom DD has a Altman Z-Score of 5.75, 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 Hrvatski Telekom DD's Altman Z-Score or its related term are showing as below:
ZAG:HT'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.45 Med: 20.63 Max: 32.09
Current: 5.81
During the past 13 years, Hrvatski Telekom DD's highest Altman Z-Score was 32.09. The lowest was 4.45. And the median was 20.63.
Hrvatski Telekom DD (ZAG:HT) 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.
Hrvatski Telekom DD Altman Z-Score Related Terms
Hrvatski Telekom DD Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Hrvatski Telekom DD'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.
For the Telecom Services subindustry, Hrvatski Telekom DD'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.
Hrvatski Telekom DD Altman Z-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Hrvatski Telekom DD's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Hrvatski Telekom DD'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.
Hrvatski Telekom DD'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
*
0.1125
+
1.4
*
0.1142
+
3.3
*
0.0985
+
0.6
*
7.6367
+
1.0
*
0.5436
=
5.75
* 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.
Hrvatski Telekom DD (ZAG:HT) has a Altman Z-Score of 5.75 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hrvatski Telekom DD and its competitors. This is 72% below median its historical median of 20.63. Over the past decade, Hrvatski Telekom DD's Altman Z-Score has ranged from 4.45 to 32.09. According to the industry distribution chart, Hrvatski Telekom DD ranks #36 out of 366 companies in the Telecommunication Services industry, placing it in the top 9.8%.
Is Hrvatski Telekom DD's Altman Z-Score too high?
Hrvatski Telekom DD's current Altman Z-Score of 5.75 is 72% below median its 10-year median of 20.63. Over the past 10 years, this metric has ranged from a low of 4.45 to a high of 32.09. The Telecommunication Services industry median Altman Z-Score is 1.72. Hrvatski Telekom DD's value of 5.75 is 234.3% above this industry median. Based on the distribution chart, Hrvatski Telekom DD ranks #36 out of 366 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Hrvatski Telekom DD has a GF Score™ of 100/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hrvatski Telekom DD's Altman Z-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Hrvatski Telekom DD ranks #36 out of 366 companies for Altman Z-Score. This places Hrvatski Telekom DD in the top 10% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.72. Hrvatski Telekom DD's value of 5.75 is 234.3% above this benchmark. Historically, Hrvatski Telekom DD's own Altman Z-Score has ranged from 4.45 to 32.09 over the past decade. While the company's 10-year median is 20.63 vs. the industry median of 1.72, Hrvatski Telekom DD 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 Telecommunication Services company?
The median Altman Z-Score among Telecommunication Services companies is 1.72, based on 366 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. Hrvatski Telekom DD's current Altman Z-Score of 5.75 is 234.3% 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 Hrvatski Telekom DD and its competitors. For the Telecommunication Services industry, the median Altman Z-Score is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hrvatski Telekom DD's current Altman Z-Score is 5.75, which is 72% below median its own 10-year median of 20.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hrvatski Telekom DD stock overvalued right now?
Based on GuruFocus' analysis, Hrvatski Telekom DD (ZAG:HT) is currently considered Fairly Valued. The stock's GF Value™ is €39.80, compared to a current price of €41.60 — trading 4.5% above its estimated fair value. The current Altman Z-Score is 5.75, which is 72% below median its 10-year median of 20.63 and 234.3% above the Telecommunication Services industry median of 1.72. Hrvatski Telekom DD's overall GF Score™ is 100/100 with 4 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 Hrvatski Telekom DD (ZAG:HT), the current Altman Z-Score is 5.75 as of Jun. 27, 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 Hrvatski Telekom DD (ZAG:HT) Overvalued in 2026?
Based on GuruFocus' analysis, Hrvatski Telekom DD stock appears to be overvalued.
The current stock price of €41.60 is trading 4.5% above its estimated GF Value™ of €39.80.
GuruFocus considers Hrvatski Telekom DD to be Fairly Valued.
Key valuation signals for ZAG:HT:
Altman Z-Score: 5.75 (72% below median its 10-year median of 20.63)
GF Value™: €39.80 vs. price of €41.60 (4.5% above fair value)
Industry Position: 234.3% above the Telecommunication Services median (#36 of 366)
No single metric tells the full story. See the ZAG:HT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hrvatski Telekom DD is a provider of telecommunication and digital services in the Republic of Croatia. It offers fixed and mobile telephony services as well as wholesale, Internet, and data. The company's business segments are Residential, Business, Other and Crnogorski Telekom. The majority of its revenue is derived from the Residential unit segment that includes marketing, sales, and customer services, focused on providing mobile, fixed-line telecommunications, electricity, and TV distribution and services to residential customers. Geographically, the company generates the majority of its revenue from the Republic of Croatia.
100GF Score
Get the complete analysis for ZAG:HT
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ZAG:HT has been successfully added to your 
