APAC ResourcesAPPCF 39 Altman Z-Score is 3.99 as of Jun. 24, 2026, which is 57% below its 10-year median of 9.21. GuruFocus rates APPCF with a GF Score™ of 39/100 and a GF Value™ of $0.20 (Fairly Valued). The stock has 7 warning signs investors should review. Among 658 Capital Markets companies, APAC Resources ranks better than 59.12% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 4.01 is strong.
APAC Resources has a Altman Z-Score of 3.99, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for APAC Resources's Altman Z-Score or its related term are showing as below:
APPCF'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.26 Med: 9.21 Max: 60.8
Current: 4.01
During the past 13 years, APAC Resources's highest Altman Z-Score was 60.80. The lowest was 3.26. And the median was 9.21.
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, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
APAC Resources Altman Z-Score Related Terms
APAC Resources Altman Z-Score Historical Data
* Premium members only.
The historical data trend for APAC Resources's Altman Z-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.
For the Capital Markets subindustry, APAC Resources's Altman Z-Score, along with its competitors' market caps and Altman Z-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.
APAC Resources Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, APAC Resources's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where APAC Resources's Altman Z-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.
APAC Resources's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.5402
+
1.4
*
0.5244
+
3.3
*
0.0573
+
0.6
*
3.9078
+
1.0
*
0.0773
=
3.99
* 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 Z-Score when X4 or X5 value is 0.
APAC Resources (APPCF) has a Altman Z-Score of 3.99 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on APAC Resources and its competitors. This is 57% below median its historical median of 9.21. Over the past decade, APAC Resources' Altman Z-Score has ranged from 3.26 to 60.80. According to the industry distribution chart, APAC Resources ranks #269 out of 658 companies in the Capital Markets industry, placing it in the top 40.9%.
Is APAC Resources' Altman Z-Score too high?
APAC Resources' current Altman Z-Score of 3.99 is 57% below median its 10-year median of 9.21. Over the past 10 years, this metric has ranged from a low of 3.26 to a high of 60.80. The Capital Markets industry median Altman Z-Score is 2.58. APAC Resources' value of 3.99 is 55% above this industry median. Based on the distribution chart, APAC Resources ranks #269 out of 658 companies in the Capital Markets industry, which is above the industry midpoint. Overall, APAC Resources has a GF Score™ of 39/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does APAC Resources' Altman Z-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, APAC Resources ranks #269 out of 658 companies for Altman Z-Score. This puts APAC Resources in the upper half of its industry. The industry median Altman Z-Score is 2.58. APAC Resources' value of 3.99 is 55% above this benchmark. Historically, APAC Resources' own Altman Z-Score has ranged from 3.26 to 60.80 over the past decade. While the company's 10-year median is 9.21 vs. the industry median of 2.58, APAC Resources 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 Z-Score for a Capital Markets company?
The median Altman Z-Score among Capital Markets companies is 2.58, based on 658 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. APAC Resources's current Altman Z-Score of 3.99 is 55% 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on APAC Resources and its competitors. For the Capital Markets industry, the median Altman Z-Score is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. APAC Resources's current Altman Z-Score is 3.99, which is 57% below median its own 10-year median of 9.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is APAC Resources stock overvalued right now?
Based on GuruFocus' analysis, APAC Resources (APPCF) is currently considered Fairly Valued. The stock's GF Value™ is $0.20, compared to a current price of $0.19 — trading 5.5% below its estimated fair value. The current Altman Z-Score is 3.99, which is 57% below median its 10-year median of 9.21 and 55% above the Capital Markets industry median of 2.58. APAC Resources' overall GF Score™ is 39/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For APAC Resources (APPCF), the current Altman Z-Score is 3.99 as of Jun. 24, 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 APAC Resources (APPCF) Overvalued in 2026?
Based on GuruFocus' analysis, APAC Resources stock appears to be undervalued.
The current stock price of $0.19 is trading 5.5% below its estimated GF Value™ of $0.20.
GuruFocus considers APAC Resources to be Fairly Valued.
Key valuation signals for APPCF:
Altman Z-Score: 3.99 (57% below median its 10-year median of 9.21)
GF Value™: $0.20 vs. price of $0.19 (5.5% below fair value)
Industry Position: 55% above the Capital Markets median (#269 of 658)
No single metric tells the full story. See the APPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
APAC Resources Ltd is an investment holding company principally engaged in the commodity trading business and resource investment business. The company operates through three business segments, namely Commodity Business, which includes trading of commodities; Resource investment, which is engaged in the trading of and investment in listed and unlisted securities; and Principal investment and financial services, which engages in the provision of loan financing and investments in loan notes, convertible notes, and other financial assets. The company generates maximum revenue from the Commodity Business segment. It operates in Hong Kong, the PRC, Australia, and the Philippines, with the majority of its revenue coming from the PRC.
39GF Score
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