hipages Group HoldingsASX:HPG 55 Altman Z-Score is 2.70 as of Jul. 03, 2026, which is 10% below its 10-year median of 2.99. GuruFocus rates ASX:HPG with a GF Score™ of 55/100 and a GF Value™ of A$1.30 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,766 Software companies, hipages Group Holdings ranks worse than 53.76% 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 2.79 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.
hipages Group Holdings has a Altman Z-Score of 2.70, indicating it is in Grey Zones. This implies that hipages Group 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 hipages Group Holdings's Altman Z-Score or its related term are showing as below:
ASX:HPG'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.48 Med: 2.99 Max: 10.55
Current: 2.79
During the past 6 years, hipages Group Holdings's highest Altman Z-Score was 10.55. The lowest was 1.48. And the median was 2.99.
hipages Group Holdings (ASX:HPG) 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.
hipages Group Holdings Altman Z-Score Related Terms
hipages Group Holdings Altman Z-Score Historical Data
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The historical data trend for hipages Group 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:HPG vs UBER, SHOP, CRM: Altman Z-Score Comparison
For the Software - Application subindustry, hipages Group 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.
hipages Group Holdings Altman Z-Score vs Software Industry
For the Software industry and Technology sector, hipages Group Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where hipages Group 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.
* 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.
hipages Group Holdings (ASX:HPG) has a Altman Z-Score of 2.70 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on hipages Group Holdings and its competitors. This is 10% below median its historical median of 2.99. Over the past decade, hipages Group Holdings' Altman Z-Score has ranged from 1.48 to 10.55. According to the industry distribution chart, hipages Group Holdings ranks #1487 out of 2766 companies in the Software industry, placing it in the top 53.8%.
Is hipages Group Holdings' Altman Z-Score too high?
hipages Group Holdings' current Altman Z-Score of 2.70 is 10% below median its 10-year median of 2.99. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 10.55. The Software industry median Altman Z-Score is 3.11. hipages Group Holdings' value of 2.70 is 13.2% below this industry median. Based on the distribution chart, hipages Group Holdings ranks #1487 out of 2766 companies in the Software industry, which is below the industry midpoint. Overall, hipages Group Holdings has a GF Score™ of 55/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does hipages Group Holdings' Altman Z-Score compare to UBER and SHOP?
According to the Software industry distribution chart, hipages Group Holdings ranks #1487 out of 2766 companies for Altman Z-Score. This places hipages Group Holdings in the lower half of its industry. The industry median Altman Z-Score is 3.11. hipages Group Holdings' value of 2.70 is 13.2% below this benchmark. Historically, hipages Group Holdings' own Altman Z-Score has ranged from 1.48 to 10.55 over the past decade. While the company's 10-year median is 2.99 vs. the industry median of 3.11, hipages Group 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 a Software company?
The median Altman Z-Score among Software companies is 3.11, based on 2,766 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. hipages Group Holdings's current Altman Z-Score of 2.70 is 13.2% 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 hipages Group Holdings and its competitors. For the Software industry, the median Altman Z-Score is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. hipages Group Holdings's current Altman Z-Score is 2.70, which is 10% below median its own 10-year median of 2.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is hipages Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, hipages Group Holdings (ASX:HPG) is currently considered Significantly Undervalued. The stock's GF Value™ is A$1.30, compared to a current price of A$0.71 — trading 45.8% below its estimated fair value. The current Altman Z-Score is 2.70, which is 10% below median its 10-year median of 2.99 and 13.2% below the Software industry median of 3.11. hipages Group Holdings' overall GF Score™ is 55/100 with 1 warning sign 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 hipages Group Holdings (ASX:HPG), the current Altman Z-Score is 2.70 as of Jul. 03, 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 hipages Group Holdings (ASX:HPG) Overvalued in 2026?
Based on GuruFocus' analysis, hipages Group Holdings stock appears to be undervalued.
The current stock price of A$0.71 is trading 45.8% below its estimated GF Value™ of A$1.30.
GuruFocus considers hipages Group Holdings to be Significantly Undervalued.
Key valuation signals for ASX:HPG:
Altman Z-Score: 2.70 (10% below median its 10-year median of 2.99)
GF Value™: A$1.30 vs. price of A$0.71 (45.8% below fair value)
Industry Position: 13.2% below the Software median (#1487 of 2766)
No single metric tells the full story. See the ASX:HPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
hipages Group Holdings Ltd is an online platform and software as a service provider that aims to connect tradies and consumers to resolve difficulties that come with organizing and coordinating home improvement jobs. The platform provides an efficient, technology-driven model to connect consumers with qualified tradies, and facilitates the management of other elements of the home improvement process, such as communication, payment, and ratings and recommendations. The company has two segments, Australia (Hipages online tradie platform) and New Zealand (Builderscrack online tradie platform). The company generates the majority of its revenue from Australia.
55GF Score
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