Ericsson (ERIC)
Ericsson Altman Z-Score
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About Altman Z-Score
CAUTION: The Altman Z-Score is meant to be applied only to manufacturing firms that are near bankruptcy. It was not based on a sample including non-manufacturing firms (service firms, banks, etc.). Use it at your own risk with those companies, but beware that bankruptcy probabilities may be misstated.
The Altman Z-Score helps investors to gauge the probability of a company going bankrupt. Generally, firms with a score above 3.00 have a low probability of bankruptcy, and those with a Z-Score of less than 1.81 have a relatively high probability of bankruptcy.
Note that this is a probabilistic model, so it will not classify perfectly.
The score was first published in a 1968 paper by Edward Altman titled "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy."
Altman re-tested the model in a 2000 paper titled "Predicting financial distress of companies: Revisiting the Z-score and Zeta models". The paper showed that the model still had utility for looking at manufacturers, though the number of misclassifications did increase over time.
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| ERIC | 8.865 | +0.28 | +3.32% | 27.54B |
| ERH | 11.14 | +0.01 | +0.09% | |
| ERF | 13.91 | +0.27 | +1.98% | 2.672B |
| EQT | 47.26 | +0.36 | +0.77% | 7.022B |
| EQS | 2.05 | +0.00 | +0.00% | |
| FLL | 2.96 | -0.02 | -0.63% | 55.26M |
| FLIR | 21.61 | +0.30 | +1.41% | 3.283B |
| FLIC | 27.31 | +0.05 | +0.18% | 240.98M |
| FLEX | 6.445 | +0.03 | +0.39% | 4.579B |
| FLDM | 14.35 | +0.41 | +2.94% | 285.77M |