EQT HoldingsASX:EQT +5.71%63 Altman Z-Score is 2.94 as of Jul. 01, 2026, which is 43% below its 10-year median of 5.20. GuruFocus rates ASX:EQT with a GF Score™ of 63/100 and a GF Value™ of A$37.82 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 645 Asset Management companies, EQT Holdings ranks worse than 53.95% 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.
Warning Sign:
Altman Z-score of 2.91 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
EQT Holdings has a Altman Z-Score of 2.94, indicating it is in Grey Zones. This implies that EQT Holdings is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 EQT Holdings's Altman Z-Score or its related term are showing as below:
ASX:EQT'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.91 Med: 5.2 Max: 12.38
Current: 2.91
During the past 13 years, EQT Holdings's highest Altman Z-Score was 12.38. The lowest was 2.91. And the median was 5.20.
EQT Holdings (ASX:EQT) Altman Z-Score Explanation
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.
EQT Holdings Altman Z-Score Related Terms
EQT Holdings Altman Z-Score Historical Data
* Premium members only.
The historical data trend for EQT Holdings'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.
ASX:EQT vs BLK, BX, KKR: Altman Z-Score Comparison
For the Asset Management subindustry, EQT Holdings'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.
EQT Holdings Altman Z-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, EQT Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where EQT Holdings'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.
EQT Holdings'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
*
0.2902
+
1.4
*
0.0183
+
3.3
*
0.1007
+
0.6
*
3.1973
+
1.0
*
0.3203
=
2.94
* 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.
EQT Holdings (ASX:EQT) has a Altman Z-Score of 2.94 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on EQT Holdings and its competitors. This is 43% below median its historical median of 5.20. Over the past decade, EQT Holdings' Altman Z-Score has ranged from 2.91 to 12.38. According to the industry distribution chart, EQT Holdings ranks #348 out of 645 companies in the Asset Management industry, placing it in the top 54%.
Is EQT Holdings' Altman Z-Score too high?
EQT Holdings' current Altman Z-Score of 2.94 is 43% below median its 10-year median of 5.20. Over the past 10 years, this metric has ranged from a low of 2.91 to a high of 12.38. The Asset Management industry median Altman Z-Score is 3.53. EQT Holdings' value of 2.94 is 16.7% below this industry median. Based on the distribution chart, EQT Holdings ranks #348 out of 645 companies in the Asset Management industry, which is below the industry midpoint. Overall, EQT Holdings has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EQT Holdings' Altman Z-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, EQT Holdings ranks #348 out of 645 companies for Altman Z-Score. This places EQT Holdings in the lower half of its industry. The industry median Altman Z-Score is 3.53. EQT Holdings' value of 2.94 is 16.7% below this benchmark. Historically, EQT Holdings' own Altman Z-Score has ranged from 2.91 to 12.38 over the past decade. While the company's 10-year median is 5.20 vs. the industry median of 3.53, EQT 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 Z-Score for an Asset Management company?
The median Altman Z-Score among Asset Management companies is 3.53, based on 645 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. EQT Holdings's current Altman Z-Score of 2.94 is 16.7% 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 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 EQT Holdings and its competitors. For the Asset Management industry, the median Altman Z-Score is 3.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EQT Holdings's current Altman Z-Score is 2.94, which is 43% below median its own 10-year median of 5.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EQT Holdings stock overvalued right now?
Based on GuruFocus' analysis, EQT Holdings (ASX:EQT) is currently considered Significantly Undervalued. The stock's GF Value™ is A$37.82, compared to a current price of A$17.23 — trading 54.4% below its estimated fair value. The current Altman Z-Score is 2.94, which is 43% below median its 10-year median of 5.20 and 16.7% below the Asset Management industry median of 3.53. EQT Holdings' overall GF Score™ is 63/100 with 4 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 EQT Holdings (ASX:EQT), the current Altman Z-Score is 2.94 as of Jul. 01, 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 EQT Holdings (ASX:EQT) Overvalued in 2026?
Based on GuruFocus' analysis, EQT Holdings stock appears to be undervalued.
The current stock price of A$17.23 is trading 54.4% below its estimated GF Value™ of A$37.82.
GuruFocus considers EQT Holdings to be Significantly Undervalued.
Key valuation signals for ASX:EQT:
Altman Z-Score: 2.94 (43% below median its 10-year median of 5.20)
GF Value™: A$37.82 vs. price of A$17.23 (54.4% below fair value)
Industry Position: 16.7% below the Asset Management median (#348 of 645)
No single metric tells the full story. See the ASX:EQT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EQT Holdings Ltd is an independent trustee and executor company. The company's operating segment includes Trustee & Wealth Services, Corporate & Superannuation Trustee Services - Australia, and Corporate Trustee Services - Europe. It generates maximum revenue from Trustee and Wealth Services. The Trustee & wealth Services segment provides a range of private client, philanthropic and superannuation services including estate planning and management; charitable, compensation, community and personal trust services, wealth management and advice. It has a presence in Australia, the United Kingdom, and Ireland.
63GF Score
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