Haw ParHAWPF 95 Altman Z2-Score is 43.27 as of Jun. 28, 2026, which is 2% above its 10-year median of 42.39. GuruFocus rates HAWPF with a GF Score™ of 95/100 and a GF Value™ of $8.94. The stock has 3 warning signs investors should review. Among 997 Drug Manufacturers companies, Haw Par ranks better than 99.4% 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:
Haw Par has a Altman Z2-Score of 43.27, 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 Haw Par's Altman Z2-Score or its related term are showing as below:
HAWPF'
s Altman Z2-Score Range Over the Past 10 Years
Min: 22.77 Med: 42.39 Max: 55.09
Current: 43.27
During the past 13 years, Haw Par's highest Altman Z2-Score was 55.09. The lowest was 22.77. And the median was 42.39.
Haw Par (OTCPK:HAWPF) Altman Z2-Score Explanation
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.
Haw Par Altman Z2-Score Related Terms
Haw Par Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Haw Par'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.
HAWPF vs LLY, JNJ, ABBV: Altman Z2-Score Comparison
For the Drug Manufacturers - General subindustry, Haw Par'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.
Haw Par Altman Z2-Score vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Haw Par's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Haw Par'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.
Haw Par'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
*
0.9426
+
3.26
*
0.3473
+
6.72
*
0.0641
+
1.05
*
33.8331
=
43.27
* 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.
Haw Par (HAWPF) has a Altman Z2-Score of 43.27 as of Jun. 28, 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 Haw Par and its competitors. This is near median its historical median of 42.39. Over the past decade, Haw Par's Altman Z2-Score has ranged from 22.77 to 55.09. According to the industry distribution chart, Haw Par ranks #6 out of 997 companies in the Drug Manufacturers industry, placing it in the top 0.59999999999999%.
Is Haw Par's Altman Z2-Score too high?
Haw Par's current Altman Z2-Score of 43.27 is near median its 10-year median of 42.39. Over the past 10 years, this metric has ranged from a low of 22.77 to a high of 55.09. The Drug Manufacturers industry median Altman Z2-Score is 3.87. Haw Par's value of 43.27 is 1018.1% above this industry median. Based on the distribution chart, Haw Par ranks #6 out of 997 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Haw Par has a GF Score™ of 95/100, reflecting its overall financial health beyond just this single metric.
How does Haw Par's Altman Z2-Score compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Haw Par ranks #6 out of 997 companies for Altman Z2-Score. This places Haw Par in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.87. Haw Par's value of 43.27 is 1018.1% above this benchmark. Historically, Haw Par's own Altman Z2-Score has ranged from 22.77 to 55.09 over the past decade. While the company's 10-year median is 42.39 vs. the industry median of 3.87, Haw Par 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 Drug Manufacturers company?
The median Altman Z2-Score among Drug Manufacturers companies is 3.87, based on 997 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. Haw Par's current Altman Z2-Score of 43.27 is 1018.1% 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 Haw Par and its competitors. For the Drug Manufacturers industry, the median Altman Z2-Score is 3.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Haw Par's current Altman Z2-Score is 43.27, which is near median its own 10-year median of 42.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haw Par stock overvalued right now?
Haw Par (HAWPF) has a current Altman Z2-Score of 43.27. The stock's GF Value™ is $8.94, compared to a current price of $12.00 — trading 34.2% above its estimated fair value. The current Altman Z2-Score is 43.27, which is near median its 10-year median of 42.39 and 1018.1% above the Drug Manufacturers industry median of 3.87. Haw Par's overall GF Score™ is 95/100 with 3 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 Haw Par (HAWPF), the current Altman Z2-Score is 43.27 as of Jun. 28, 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.
Is Haw Par (HAWPF) Overvalued in 2026?
Based on GuruFocus' analysis, Haw Par stock appears to be overvalued.
The current stock price of $12.00 is trading 34.2% above its estimated GF Value™ of $8.94.
Key valuation signals for HAWPF:
Altman Z2-Score: 43.27 (near median its 10-year median of 42.39)
GF Value™: $8.94 vs. price of $12.00 (34.2% above fair value)
Industry Position: 1018.1% above the Drug Manufacturers median (#6 of 997)
No single metric tells the full story. See the HAWPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Haw Par Corp Ltd is a drug manufacturing company that operates multiple brands. The company is to expand its core businesses through product brand extension, strategic alliances, and exploring potential acquisitions. Its operating segments include the Healthcare segment, Investments segment, Property segment, and Leisure segment. The company generates the majority of its revenue from the Healthcare segment. Its Healthcare segment manufactures and distributes topical analgesic products under the Tiger Balm and Kwan Loong brands. Geographically, it generates key revenue from the other ASEAN and other Asian countries.
95GF Score
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