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Melbourne EnterprisesHKSE:00158 60 Altman Z2-Score is 92.28 as of Aug. 27, 2026, which is 11% below its 10-year median of 104.00. GuruFocus rates HKSE:00158 with a GF Score™ of 60/100 and a GF Value™ of HK$63.95 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,609 Real Estate companies, Melbourne Enterprises ranks better than 99.32% 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:
Melbourne Enterprises has a Altman Z2-Score of 92.28, 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 Melbourne Enterprises's Altman Z2-Score or its related term are showing as below:
HKSE:00158'
s Altman Z2-Score Range Over the Past 10 Years
Min: 71.47 Med: 104 Max: 122.91
Current: 92.28
During the past 13 years, Melbourne Enterprises's highest Altman Z2-Score was 122.91. The lowest was 71.47. And the median was 104.00.
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.
Melbourne Enterprises Altman Z2-Score Related Terms
Melbourne Enterprises Altman Z2-Score Historical Data
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The historical data trend for Melbourne Enterprises'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.
HKSE:00158 vs CBRE, BEKE, JLL: Altman Z2-Score Comparison
For the Real Estate Services subindustry, Melbourne Enterprises'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.
Melbourne Enterprises Altman Z2-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Melbourne Enterprises's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Melbourne Enterprises'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.
Melbourne Enterprises (HKSE:00158) has a Altman Z2-Score of 92.28 as of Aug. 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 Melbourne Enterprises and its competitors. This is 11% below median its historical median of 104.00. Over the past decade, Melbourne Enterprises' Altman Z2-Score has ranged from 71.47 to 122.91. According to the industry distribution chart, Melbourne Enterprises ranks #11 out of 1609 companies in the Real Estate industry, placing it in the top 0.7%.
Is Melbourne Enterprises' Altman Z2-Score too high?
Melbourne Enterprises' current Altman Z2-Score of 92.28 is 11% below median its 10-year median of 104.00. Over the past 10 years, this metric has ranged from a low of 71.47 to a high of 122.91. The Real Estate industry median Altman Z2-Score is 2.93. Melbourne Enterprises' value of 92.28 is 3049.5% above this industry median. Based on the distribution chart, Melbourne Enterprises ranks #11 out of 1609 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Melbourne Enterprises has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Melbourne Enterprises' Altman Z2-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Melbourne Enterprises ranks #11 out of 1609 companies for Altman Z2-Score. This places Melbourne Enterprises in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.93. Melbourne Enterprises' value of 92.28 is 3049.5% above this benchmark. Historically, Melbourne Enterprises' own Altman Z2-Score has ranged from 71.47 to 122.91 over the past decade. While the company's 10-year median is 104.00 vs. the industry median of 2.93, Melbourne Enterprises 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 Real Estate company?
The median Altman Z2-Score among Real Estate companies is 2.93, based on 1,609 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. Melbourne Enterprises's current Altman Z2-Score of 92.28 is 3049.5% 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 Melbourne Enterprises and its competitors. For the Real Estate industry, the median Altman Z2-Score is 2.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melbourne Enterprises's current Altman Z2-Score is 92.28, which is 11% below median its own 10-year median of 104.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melbourne Enterprises stock overvalued right now?
Based on GuruFocus' analysis, Melbourne Enterprises (HKSE:00158) is currently considered Fairly Valued. The stock's GF Value™ is HK$63.95, compared to a current price of HK$58.00 — trading 9.3% below its estimated fair value. The current Altman Z2-Score is 92.28, which is 11% below median its 10-year median of 104.00 and 3049.5% above the Real Estate industry median of 2.93. Melbourne Enterprises' overall GF Score™ is 60/100 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 Melbourne Enterprises (HKSE:00158), the current Altman Z2-Score is 92.28 as of Aug. 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.
Is Melbourne Enterprises (HKSE:00158) Overvalued in 2026?
Based on GuruFocus' analysis, Melbourne Enterprises stock appears to be undervalued.
The current stock price of HK$58.00 is trading 9.3% below its estimated GF Value™ of HK$63.95.
GuruFocus considers Melbourne Enterprises to be Fairly Valued.
Key valuation signals for HKSE:00158:
Altman Z2-Score: 92.28 (11% below median its 10-year median of 104.00)
GF Value™: HK$63.95 vs. price of HK$58.00 (9.3% below fair value)
Industry Position: 3049.5% above the Real Estate median (#11 of 1609)
No single metric tells the full story. See the HKSE:00158 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Melbourne Enterprises Ltd is an investment holding company. The company and its subsidiary company are principally engaged in property investment and investment holding in Hong Kong. The company's only operating segment is property investment. It generates the majority of revenue from the Rental income. The properties under the company include Melbourne Plaza, Kimley Commercial Building, as well as Retail properties in the On Hing Mansion Shop 9B.
60GF Score
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