Hyperliquid StrategiesFRA:3HD +2.67%13 Altman Z2-Score is 11.16 as of Jun. 27, 2026. GuruFocus rates FRA:3HD with a GF Score™ of 13/100. Among 689 Capital Markets companies, Hyperliquid Strategies ranks worse than 145137.74% 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:
Hyperliquid Strategies has a Altman Z2-Score of 11.16, 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 Hyperliquid Strategies's Altman Z2-Score or its related term are showing as below:
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.
Hyperliquid Strategies Altman Z2-Score Related Terms
Hyperliquid Strategies Altman Z2-Score Historical Data
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The historical data trend for Hyperliquid Strategies'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.
Hyperliquid Strategies Altman Z2-Score Chart
Hyperliquid Strategies Annual Data
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FRA:3HD vs PWP, GOLD, SBET: Altman Z2-Score Comparison
For the Capital Markets subindustry, Hyperliquid Strategies'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.
Hyperliquid Strategies Altman Z2-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Hyperliquid Strategies's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Hyperliquid Strategies'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.
* 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.
Hyperliquid Strategies (FRA:3HD) has a Altman Z2-Score of 11.16 as of Jun. 27, 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 Hyperliquid Strategies and its competitors. According to the industry distribution chart, Hyperliquid Strategies ranks #999999 out of 689 companies in the Capital Markets industry.
Is Hyperliquid Strategies' Altman Z2-Score too high?
Hyperliquid Strategies' current Altman Z2-Score is 11.16. The Capital Markets industry median Altman Z2-Score is 4.27. Hyperliquid Strategies' value of 11.16 is 161.4% above this industry median. Based on the distribution chart, Hyperliquid Strategies ranks #999999 out of 689 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Hyperliquid Strategies has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Hyperliquid Strategies' Altman Z2-Score compare to PWP and GOLD?
According to the Capital Markets industry distribution chart, Hyperliquid Strategies ranks #999999 out of 689 companies for Altman Z2-Score. This places Hyperliquid Strategies in the lower half of its industry. The industry median Altman Z2-Score is 4.27. Hyperliquid Strategies' value of 11.16 is 161.4% above this benchmark. 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 4.27, based on 689 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. Hyperliquid Strategies's current Altman Z2-Score of 11.16 is 161.4% 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 Hyperliquid Strategies and its competitors. For the Capital Markets industry, the median Altman Z2-Score is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hyperliquid Strategies's current Altman Z2-Score is 11.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hyperliquid Strategies stock overvalued right now?
Hyperliquid Strategies (FRA:3HD) has a current Altman Z2-Score of 11.16. The current Altman Z2-Score is 11.16 and 161.4% above the Capital Markets industry median of 4.27. Hyperliquid Strategies' overall GF Score™ is 13/100. 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 Hyperliquid Strategies (FRA:3HD), the current Altman Z2-Score is 11.16 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.
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Hyperliquid Strategies Inc is a digital asset treasury company whose primary focus is to maximize shareholder value through accumulating HYPE, the native token of Hyperliquid, a high-performance blockchain custom-built to house all of finance. HSI aims to provide capital-efficient and productive access to the HYPE token for U.S. and institutional investors, generating compounding shareholder returns that individual holders may not be able to replicate through staking, yield optimization, and active ecosystem engagement. HSI is positioned to become the largest HYPE-focused digital asset treasury vehicle capitalizing on Hyperliquid's rapid growth and providing exposure to one of the largest and fastest growing revenue pools in digital assets.
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