OOH Holdings (HKSE:08091) Altman Z2-Score: 0.90 (As of Jul. 12, 2026) — 76% Below Median


What is OOH Holdings Altman Z2-Score?

OOH Holdings HKSE:08091 Altman Z2-Score is 0.90 as of Jul. 12, 2026, which is 76% below its 10-year median of 3.77. The stock has 3 warning signs investors should review. Among 1,019 Media - Diversified companies, OOH Holdings ranks worse than 72.13% 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.

Warning Sign:

OOH Holdings has a Altman Z2-Score of 0.90, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 OOH Holdings's Altman Z2-Score or its related term are showing as below:

HKSE:08091' s Altman Z2-Score Range Over the Past 10 Years
Min: -0.37   Med: 3.77   Max: 11.68
Current: -0.37

During the past 12 years, OOH Holdings's highest Altman Z2-Score was 11.68. The lowest was -0.37. And the median was 3.77.


OOH Holdings  (HKSE:08091) 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.

X4_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


OOH Holdings Altman Z2-Score Related Terms


OOH Holdings Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for OOH Holdings'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.

OOH Holdings Altman Z2-Score Chart

OOH Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.02 1.79 0.96 -0.37 0.00

OOH Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.96 1.02 -0.37 0.00 0.00

HKSE:08091 vs APP, OMC, TTD: Altman Z2-Score Comparison

For the Advertising Agencies subindustry, OOH Holdings'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.


OOH Holdings Altman Z2-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, OOH Holdings's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where OOH Holdings's Altman Z2-Score falls into.



OOH Holdings Altman Z2-Score Calculation

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.

OOH Holdings'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*0.0796+3.26*0+6.72*-0.0238+1.05*0.5103
=0.90

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2025:
Total Assets was HK$51.22 Mil.
Total Current Assets was HK$21.40 Mil.
Total Current Liabilities was HK$17.32 Mil.
Retained Earnings was HK$0.00 Mil.
Pre-Tax Income was HK$-2.39 Mil.
Interest Expense was HK$-1.17 Mil.
Total Liabilities was HK$33.91 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(21.399 - 17.322)/51.215
=0.0796

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-2.386 - -1.165)/51.215
=-0.0238

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(17.304 - 0)/33.911
=0.5103

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

OOH Holdings has a Altman Z2-Score of 0.90 indicating it is in Distress Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 0.90 mean?
OOH Holdings (HKSE:08091) has a Altman Z2-Score of 0.90 as of Jul. 12, 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 OOH Holdings and its competitors. This is 76% below median its historical median of 3.77. According to the industry distribution chart, OOH Holdings ranks #735 out of 1019 companies in the Media - Diversified industry, placing it in the top 72.1%.
Is OOH Holdings' Altman Z2-Score too high?
OOH Holdings' current Altman Z2-Score of 0.90 is 76% below median its 10-year median of 3.77. The Media - Diversified industry median Altman Z2-Score is 2.54. OOH Holdings' value of 0.90 is 64.6% below this industry median. Based on the distribution chart, OOH Holdings ranks #735 out of 1019 companies in the Media - Diversified industry, which is below the industry midpoint.
How does OOH Holdings' Altman Z2-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, OOH Holdings ranks #735 out of 1019 companies for Altman Z2-Score. This places OOH Holdings in the lower half of its industry. The industry median Altman Z2-Score is 2.54. OOH Holdings' value of 0.90 is 64.6% below this benchmark. While the company's 10-year median is 3.77 vs. the industry median of 2.54, OOH Holdings has consistently been below 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 Media - Diversified company?
The median Altman Z2-Score among Media - Diversified companies is 2.54, based on 1,019 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. OOH Holdings's current Altman Z2-Score of 0.90 is 64.6% below 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 OOH Holdings and its competitors. For the Media - Diversified industry, the median Altman Z2-Score is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OOH Holdings's current Altman Z2-Score is 0.90, which is 76% below median its own 10-year median of 3.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OOH Holdings stock overvalued right now?
Based on GuruFocus' analysis, OOH Holdings (HKSE:08091) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.03, compared to a current price of HK$0.03 — trading right at its estimated fair value. The current Altman Z2-Score is 0.90, which is 76% below median its 10-year median of 3.77 and 64.6% below the Media - Diversified industry median of 2.54. 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 OOH Holdings (HKSE:08091), the current Altman Z2-Score is 0.90 as of Jul. 12, 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.

OOH Holdings Business Description

Address 189 Wai Yip Street, Suite A5, 9th Floor, Jumbo Industrial Building, Kwun Tong, Kowloon, Hong Kong, HKG
OOH Holdings Ltd is engaged in the provision of Out-Of-Home (OOH) advertising space and services to customers, that comprise direct advertisers aiming to promote their brands, products, or services, and advertising agencies acting for their advertisers. The firm's revenue is derived from the provision of advertising display services and esports event management services. Its segments are the Transportation business, Healthcare business. It derives a majority of the revenue from the Transportation Business segment which covers the provision of advertising display services over the transportation media platforms. The principal place of the group's operation is in Hong Kong.