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Ace Alpha TechBOM:544431 -1.44%21 Altman Z2-Score is 23.89 as of Aug. 08, 2026, which is 21% above its 10-year median of 19.68. GuruFocus rates BOM:544431 with a GF Score™ of 21/100. The stock has 4 warning signs investors should review. Among 656 Capital Markets companies, Ace Alpha Tech ranks better than 87.5% on this metric.
Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
Good Sign:
Ace Alpha Tech has a Altman Z2-Score of 23.89, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The historical rank and industry rank for Ace Alpha Tech's Altman Z2-Score or its related term are showing as below:
BOM:544431'
s Altman Z2-Score Range Over the Past 10 Years
Min: 14.15 Med: 19.68 Max: 37.27
Current: 23.89
During the past 5 years, Ace Alpha Tech's highest Altman Z2-Score was 37.27. The lowest was 14.15. And the median was 19.68.
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
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.
Altman Z2-Score does not apply to financial companies.
Ace Alpha Tech Altman Z2-Score Related Terms
Ace Alpha Tech Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Ace Alpha Tech's Altman Z2-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.
BOM:544431 vs MS, GS, SCHW: Altman Z2-Score Comparison
For the Capital Markets subindustry, Ace Alpha Tech's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.
Ace Alpha Tech Altman Z2-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Ace Alpha Tech's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Ace Alpha Tech's Altman Z2-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.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
Ace Alpha Tech's Altman Z2-Score for today is calculated with this formula:
Z
=
6.56
*
X1
+
3.26
*
X2
+
6.72
*
X3
+
1.05
*
X4_2
=
6.56
*
0.5891
+
3.26
*
0
+
6.72
*
0.2389
+
1.05
*
17.5472
=
23.89
* 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 Z2-Score when X4_2 value is 0.
Ace Alpha Tech (BOM:544431) has a Altman Z2-Score of 23.89 as of Aug. 08, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Ace Alpha Tech and its competitors. This is 21% above median its historical median of 19.68. Over the past decade, Ace Alpha Tech's Altman Z2-Score has ranged from 14.15 to 37.27. According to the industry distribution chart, Ace Alpha Tech ranks #82 out of 656 companies in the Capital Markets industry, placing it in the top 12.5%.
Is Ace Alpha Tech's Altman Z2-Score too high?
Ace Alpha Tech's current Altman Z2-Score of 23.89 is 21% above median its 10-year median of 19.68. Over the past 10 years, this metric has ranged from a low of 14.15 to a high of 37.27. The Capital Markets industry median Altman Z2-Score is 4.13. Ace Alpha Tech's value of 23.89 is 478.5% above this industry median. Based on the distribution chart, Ace Alpha Tech ranks #82 out of 656 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Ace Alpha Tech has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Ace Alpha Tech's Altman Z2-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Ace Alpha Tech ranks #82 out of 656 companies for Altman Z2-Score. This places Ace Alpha Tech in the top 13% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 4.13. Ace Alpha Tech's value of 23.89 is 478.5% above this benchmark. Historically, Ace Alpha Tech's own Altman Z2-Score has ranged from 14.15 to 37.27 over the past decade. While the company's 10-year median is 19.68 vs. the industry median of 4.13, Ace Alpha Tech 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 Z2-Score for a Capital Markets company?
The median Altman Z2-Score among Capital Markets companies is 4.13, based on 656 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ace Alpha Tech's current Altman Z2-Score of 23.89 is 478.5% 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 Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Ace Alpha Tech and its competitors. For the Capital Markets industry, the median Altman Z2-Score is 4.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ace Alpha Tech's current Altman Z2-Score is 23.89, which is 21% above median its own 10-year median of 19.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ace Alpha Tech stock overvalued right now?
Ace Alpha Tech (BOM:544431) has a current Altman Z2-Score of 23.89. The current Altman Z2-Score is 23.89, which is 21% above median its 10-year median of 19.68 and 478.5% above the Capital Markets industry median of 4.13. Ace Alpha Tech's overall GF Score™ is 21/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Ace Alpha Tech (BOM:544431), the current Altman Z2-Score is 23.89 as of Aug. 08, 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.
Ace Alpha Tech Ltd serves the financial industry, providing a suite of trading solutions catering to all types of clients, ranging from institutional investors to retail traders via brokers. It provides customized trading solutions in which it uses institutional-grade algorithms that work as a front-end layer over existing order management systems/ RMS, which are connected with stock exchanges. Its solutions also enable clients to work on a simulated environment of their own platform to back-test their solutions. Its segments include Institutional Trading, B2B Retail Trading, User Management, Proprietary Trading, and Custom Trading. It derives revenue from Customization Fees, Consultation Services, Technology Support, Annual Maintenance, and Licensing fees.
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