45 Deutsche Börse companies in Altman's distress band
An Altman Z-Score below 1.8, which is the band Altman called distress, computed from filed statements.
Stocks · Non-US shares · Deutsche Börse (XETRA) · 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 Deutsche Börse, 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. 164 companies passed tonight. Each market is ranked on its own and never added to another. Figures as recomputed on 2026-11-07.
The list
45 of 45 companies| # | Company | Market | Sector | Altman Z-Score, in ratioAltman Z | Current ratio, in ratioCurrent ratio | Tangible equity ratio, in ratioTangible equity ratio | Operating margin, in percentOperating margin | Altman Z-Score over timeAltman Z over time | Source |
|---|---|---|---|---|---|---|---|---|---|
| 1 | XETRA:DTEDeutsche Telekom AG | XETRA | Communication Services | 1.02 | 1.12 | -0.40 | 22.5% | n/a | Source n/a |
| 2 | XETRA:BAYNBayer Aktiengesellschaft | XETRA | Healthcare | 1.09 | 1.00 | -0.37 | 15.3% | n/a | Source n/a |
| 3 | XETRA:EOANE.on Se | XETRA | Utilities | 1.17 | 0.77 | -0.01 | 7.3% | n/a | Source n/a |
| 4 | XETRA:RWERWE AG | XETRA | Utilities | 1.00 | 1.42 | 0.26 | 5.3% | n/a | Source n/a |
| 5 | XETRA:MBGMercedes-Benz Group AG | XETRA | Consumer Cyclical | 1.29 | 1.38 | 0.31 | 3.7% | n/a | Source n/a |
| 6 | XETRA:BMWBayerische Motoren Werke AG | XETRA | Consumer Cyclical | 1.24 | 1.12 | 0.29 | 7.4% | n/a | Source n/a |
| 7 | XETRA:VOW3Volkswagen AG | XETRA | Consumer Cyclical | 0.96 | 1.12 | 0.14 | 2.8% | n/a | Source n/a |
| 8 | XETRA:VOWVolkswagen AG | XETRA | Consumer Cyclical | 0.96 | 1.12 | 0.14 | 2.8% | n/a | Source n/a |
| 9 | XETRA:DTGDaimler Truck Holding AG | XETRA | Consumer Cyclical | 1.67 | 1.84 | 0.27 | 8.9% | n/a | Source n/a |
| 10 | XETRA:8TRATraton SE | XETRA | Industrials | 1.13 | 0.94 | 0.09 | 5.5% | n/a | Source n/a |
| 11 | XETRA:VNAVonovia SE | XETRA | Real Estate | 0.62 | 0.97 | 0.28 | 35.8% | n/a | Source n/a |
| 12 | XETRA:DHERDelivery Hero SE | XETRA | Consumer Cyclical | 0.63 | 0.96 | -0.66 | 0.6% | n/a | Source n/a |
| 13 | XETRA:LHADeutsche Lufthansa AG | XETRA | Industrials | 1.11 | 0.81 | 0.21 | 2.1% | n/a | Source n/a |
| 14 | XETRA:TKAthyssenkrupp AG | XETRA | Industrials | 1.64 | 1.69 | 0.28 | -1.8% | n/a | Source n/a |
| 15 | XETRA:FRAFraport AG | XETRA | Industrials | 0.93 | 1.57 | 0.04 | 18.9% | n/a | Source n/a |
| 16 | XETRA:DWNIDeutsche Wohnen SE | XETRA | Real Estate | 0.89 | 0.68 | 0.54 | 15.2% | n/a | Source n/a |
| 17 | XETRA:KGXKion Group AG | XETRA | Industrials | 1.01 | 0.99 | 0.04 | 4.4% | n/a | Source n/a |
| 18 | XETRA:1U11&1 AG | XETRA | Communication Services | 1.48 | 1.57 | 0.18 | 4.0% | n/a | Source n/a |
| 19 | XETRA:UTDIUnited Internet AG | XETRA | Communication Services | 1.26 | 0.67 | -0.11 | 8.5% | n/a | Source n/a |
| 20 | XETRA:TUI1TUI AG | XETRA | Consumer Cyclical | 0.98 | 0.55 | -0.12 | 4.9% | n/a | Source n/a |
| 21 | XETRA:PAH3Porsche Automobil Holding SE | XETRA | Consumer Cyclical | 1.64 | 9.94 | 0.84 | 98.1% | n/a | Source n/a |
| 22 | XETRA:AMV0Aumovio SE | XETRA | Consumer Cyclical | 1.28 | 1.36 | 0.45 | -5.5% | n/a | Source n/a |
| 23 | XETRA:TEGTAG Immobilien AG | XETRA | Real Estate | 0.80 | 0.97 | 0.34 | 29.9% | n/a | Source n/a |
| 24 | XETRA:SDFK+S AG | XETRA | Basic Materials | 1.37 | 3.43 | 0.61 | -39.4% | n/a | Source n/a |
| 25 | XETRA:JUN3Jungheinrich AG | XETRA | Industrials | 1.57 | 1.39 | 0.24 | 6.5% | n/a | Source n/a |
| 26 | XETRA:SAXStröer SE & Co. KGaA | XETRA | Communication Services | 1.19 | 0.60 | -0.35 | 11.9% | n/a | Source n/a |
| 27 | XETRA:AT1Aroundtown S.A. | XETRA | Real Estate | 0.53 | 2.54 | 0.22 | 58.2% | n/a | Source n/a |
| 28 | XETRA:GYCGrand City Properties S.A. | XETRA | Real Estate | 0.91 | 3.46 | 0.35 | 54.9% | n/a | Source n/a |
| 29 | XETRA:WAFSiltronic AG | XETRA | Technology | 0.92 | 2.01 | 0.38 | -2.5% | n/a | Source n/a |
| 30 | XETRA:DUEDürr Aktiengesellschaft | XETRA | Industrials | 1.71 | 1.35 | 0.13 | 3.8% | n/a | Source n/a |
| 31 | XETRA:LXSLanxess AG | XETRA | Basic Materials | 0.89 | 1.67 | 0.24 | -0.6% | n/a | Source n/a |
| 32 | XETRA:GXIGerresheimer AG | XETRA | Healthcare | 0.77 | 0.81 | -0.13 | -9.0% | n/a | Source n/a |
| 33 | XETRA:VOSVossloh AG | XETRA | Industrials | 1.38 | 1.10 | -0.10 | 6.8% | n/a | Source n/a |
| 34 | XETRA:JSTJOST Werke AG | XETRA | Consumer Cyclical | 1.79 | 1.32 | -0.22 | 5.9% | n/a | Source n/a |
| 35 | XETRA:DOUDouglas AG | XETRA | Consumer Cyclical | 0.91 | 0.81 | -0.32 | 7.6% | n/a | Source n/a |
| 36 | XETRA:TMVTeamViewer AG | XETRA | Technology | 0.84 | 0.15 | -5.98 | 32.2% | n/a | Source n/a |
| 37 | XETRA:PSMProSiebenSat.1 Media SE | XETRA | Communication Services | 0.87 | 0.72 | -0.23 | 5.8% | n/a | Source n/a |
| 38 | XETRA:PATPatrizia Se | XETRA | Real Estate | 1.73 | 49.94 | 0.58 | 6.1% | n/a | Source n/a |
| 39 | XETRA:SGLSGL Carbon SE | XETRA | Basic Materials | 0.77 | 2.77 | 0.38 | 8.1% | n/a | Source n/a |
| 40 | XETRA:NOEJNORMA Group SE | XETRA | Industrials | 1.43 | 1.32 | 0.35 | -9.3% | n/a | Source n/a |
| 41 | XETRA:PNE3PNE AG | XETRA | Utilities | 0.57 | 1.38 | 0.08 | 9.6% | n/a | Source n/a |
| 42 | XETRA:STMStabilus SE | XETRA | Consumer Cyclical | 1.44 | 1.58 | -0.38 | 6.5% | n/a | Source n/a |
| 43 | XETRA:EKTEnergiekontor AG | XETRA | Utilities | 1.06 | 1.58 | 0.21 | 37.8% | n/a | Source n/a |
| 44 | XETRA:HABAHamborner REIT AG | XETRA | Real Estate | 0.43 | 0.40 | 0.36 | 21.6% | n/a | Source n/a |
| 45 | XETRA:HDDHeidelberger Druckmaschinen AG | XETRA | Industrials | 1.31 | 1.38 | 0.18 | 2.2% | n/a | Source n/a |
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.