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DistressRatio

44 Italian Stock Exchange companies in Altman's distress band

44companies

An Altman Z-Score below 1.8, which is the band Altman called distress, computed from filed statements.

Stocks · Non-US shares · Italian Stock Exchange (MIL) · Ranked by Altman Z-Score in ratio, largest company first · Rebuilt 2026-11-07 at 15:25 UTC

How this list is built

The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against total assets, from the newest filed statements. Where the filer raised going concern itself, that sentence is shown with its filing. The score classifies and does not rank: Altman published two cut-offs and no ordering below the lower one, so the list is ordered by size, largest company first. The screen: companies listed on Italian Stock Exchange, graded A or B for the quality of what they report; a median daily traded value of at least 250,000 US dollars over 90 sessions, stated in each listing's own currency, so a company nobody can trade is never on the list; and no positive price to earnings under 1, which no real company earns, and no close sitting the whole of its own 52-week high below that high, which no listing that still trades can do. 109 companies passed tonight. Each market is ranked on its own and never added to another. Figures as recomputed on 2026-11-07.

The list

44 of 44 companies
In the band Altman called distress, ranked by Altman Z-Score, largest company first
#CompanyMarketSectorAltman Z-Score, in ratioCurrent ratio, in ratioTangible equity ratio, in ratioOperating margin, in percentAltman Z-Score over timeSource
1MIL:ENELEnel S.p.A.MILUtilities1.150.720.0313.8%

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2MIL:PSTPoste Italiane S.p.A.MILIndustrials0.020.500.0415.3%

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3MIL:LDOLeonardo S.p.A.MILIndustrials1.670.980.046.4%

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4MIL:SRGSnam S.p.A.MILUtilities0.800.720.2146.8%

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5MIL:TRNTerna - Rete Elettrica Nazionale Società per AzioniMILUtilities1.140.910.2546.0%

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6MIL:TITTelecom Italia S.p.A.MILCommunication Services0.870.77-0.2111.4%

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7MIL:IGItalgas S.p.A.MILUtilities0.870.91-2.6432.8%

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8MIL:A2AA2A S.p.A.MILUtilities1.161.050.086.7%

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9MIL:INWInfrastrutture Wireless Italiane S.p.A.MILCommunication Services0.990.59-0.9754.6%

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10MIL:NEXINexi S.p.A.MILTechnology0.806.30-0.6513.1%

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11MIL:HERHera S.p.A.MILUtilities1.491.10-0.275.0%

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12MIL:ACEACEA S.p.A.MILUtilities0.640.69-0.2816.1%

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13MIL:MAIREMaire Tecnimont S.p.A.MILIndustrials1.571.140.025.3%

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14MIL:DANDanieli & C. Officine Meccaniche S.p.A.MILIndustrials1.261.430.345.8%

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15MIL:IVGIveco Group N.V.MILConsumer Cyclical1.000.920.045.1%

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16MIL:FCTFincantieri S.p.A.MILIndustrials1.000.88-0.011.2%

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17MIL:ERGERG S.p.A.MILUtilities0.921.690.1327.2%

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18MIL:IREIren S.p.A.MILUtilities0.860.90-0.136.2%

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19MIL:DANRDanieli & C. Officine Meccaniche S.p.A.MILIndustrials1.141.430.345.8%

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20MIL:AMPAmplifon S.p.A.MILHealthcare1.580.59-0.838.6%

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21MIL:MFEBMFE-Mediaforeurope N.V.MILCommunication Services0.910.79-0.046.3%

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22MIL:WBDWebuild S.p.A.MILIndustrials1.011.040.095.1%

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23MIL:OVSOVS S.p.A.MILConsumer Cyclical1.280.90-0.00410.5%

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24MIL:MFEAMFE-MediaForEurope N.V.MILCommunication Services0.850.79-0.046.3%

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25MIL:SFERSalvatore Ferragamo S.p.A.MILConsumer Cyclical1.591.680.381.1%

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26MIL:ARISAriston Holding N.V.MILIndustrials1.631.310.016.6%

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27MIL:NWLNewPrinces S.p.A.MILConsumer Defensive1.471.410.1314.6%

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28MIL:AVIOAvio S.p.A.MILIndustrials1.58250.690.341.3%

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29MIL:PIAPiaggio & C. S.p.A.MILConsumer Cyclical1.200.70-0.404.5%

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30MIL:CIRCIR S.p.A. - Compagnie Industriali RiuniteMILConsumer Cyclical1.271.470.155.8%

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31MIL:WIITWiit S.p.A.MILTechnology1.381.27-0.4415.6%

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32MIL:JUVEJuventus Football Club S.p.A.MILCommunication Services0.220.41-0.91-19.0%

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33MIL:ASCAscopiave S.p.A.MILUtilities0.810.77-0.7927.6%

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34MIL:MNArnoldo Mondadori Editore S.p.A.MILCommunication Services1.590.97-0.109.1%

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35MIL:GPIGPI S.p.A.MILHealthcare1.271.64-0.156.2%

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36MIL:GSPGas Plus S.p.A.MILEnergy1.571.030.0220.5%

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37MIL:CAICairo Communication S.p.A.MILCommunication Services1.260.99-0.539.8%

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38MIL:TESTesmec S.p.A.MILIndustrials1.381.180.078.0%

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39MIL:SERISeri Industrial S.p.A.MILUtilities0.261.040.06-17.8%

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40MIL:BSSBiesse S.p.A.MILIndustrials1.261.210.20-1.7%

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41MIL:ETHEurotech S.p.A.MILTechnology0.761.15-0.07-14.5%

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42MIL:TISGThe Italian Sea Group S.p.A.MILConsumer Cyclical-5.230.13-1.46-50.3%

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43MIL:TSLTessellis S.p.A.MILCommunication Services-0.800.19-1.47-22.1%

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44MIL:FDAFidia S.p.A.MILIndustrials1.251.300.28-5.6%

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Filed figures cite the filing they come from; figures marked Market data are quotes as of the date shown. Not a recommendation and not advice.

Past figures are not a forecast. Anything we modelled is labelled as ours. You can lose money on any security.

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