Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Alpha Technology GroupATGL 12 Altman Z-Score is 69.47 as of Jul. 14, 2026, which is 39% below its 10-year median of 113.84. GuruFocus rates ATGL with a GF Score™ of 12/100. The stock has 5 warning signs investors should review. Among 2,768 Software companies, Alpha Technology Group ranks better than 99.02% 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 69.47 is strong.
Alpha Technology Group has a Altman Z-Score of 69.47, 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 Alpha Technology Group's Altman Z-Score or its related term are showing as below:
ATGL'
s Altman Z-Score Range Over the Past 10 Years
Min: 59.49 Med: 113.84 Max: 168.18
Current: 69.47
During the past 5 years, Alpha Technology Group's highest Altman Z-Score was 168.18. The lowest was 59.49. And the median was 113.84.
Alpha Technology Group (NAS:ATGL) 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.
Alpha Technology Group Altman Z-Score Related Terms
Alpha Technology Group Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Alpha Technology Group'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.
ATGL vs EXOD, TCX, DAVA: Altman Z-Score Comparison
For the Software - Infrastructure subindustry, Alpha Technology Group'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.
Alpha Technology Group Altman Z-Score vs Software Industry
For the Software industry and Technology sector, Alpha Technology Group's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Alpha Technology Group'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.
Alpha Technology Group (ATGL) has a Altman Z-Score of 69.47 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Alpha Technology Group and its competitors. This is 39% below median its historical median of 113.84. Over the past decade, Alpha Technology Group's Altman Z-Score has ranged from 59.49 to 168.18. According to the industry distribution chart, Alpha Technology Group ranks #27 out of 2768 companies in the Software industry, placing it in the top 1%.
Is Alpha Technology Group's Altman Z-Score too high?
Alpha Technology Group's current Altman Z-Score of 69.47 is 39% below median its 10-year median of 113.84. Over the past 10 years, this metric has ranged from a low of 59.49 to a high of 168.18. The Software industry median Altman Z-Score is 3.16. Alpha Technology Group's value of 69.47 is 2098.4% above this industry median. Based on the distribution chart, Alpha Technology Group ranks #27 out of 2768 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Alpha Technology Group has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Alpha Technology Group's Altman Z-Score compare to EXOD and TCX?
According to the Software industry distribution chart, Alpha Technology Group ranks #27 out of 2768 companies for Altman Z-Score. This places Alpha Technology Group in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.16. Alpha Technology Group's value of 69.47 is 2098.4% above this benchmark. Historically, Alpha Technology Group's own Altman Z-Score has ranged from 59.49 to 168.18 over the past decade. While the company's 10-year median is 113.84 vs. the industry median of 3.16, Alpha Technology Group 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 Software company?
The median Altman Z-Score among Software companies is 3.16, based on 2,768 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. Alpha Technology Group's current Altman Z-Score of 69.47 is 2098.4% 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 Alpha Technology Group and its competitors. For the Software industry, the median Altman Z-Score is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alpha Technology Group's current Altman Z-Score is 69.47, which is 39% below median its own 10-year median of 113.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpha Technology Group stock overvalued right now?
Alpha Technology Group (ATGL) has a current Altman Z-Score of 69.47. The current Altman Z-Score is 69.47, which is 39% below median its 10-year median of 113.84 and 2098.4% above the Software industry median of 3.16. Alpha Technology Group's overall GF Score™ is 12/100 with 5 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 Alpha Technology Group (ATGL), the current Altman Z-Score is 69.47 as of Jul. 14, 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.
Alpha Technology Group Ltd operates through its subsidiaries, which are established cloud-based IT solution service providers in Hong Kong. Its Operating Subsidiaries utilize its analytic skills, programming skills, artificial intelligence technologies and technological know-how to provide comprehensive solutions designed to optimize the business performance of customers, meet various industry-specific operational challenges of customers and create new business opportunities for customers. The Operating Subsidiaries provide services for customers from a variety of industries, including consulting, real estate, architectural design, carpark management, electronic payment services, logistics, investments, retail, textiles, wholesale and distribution, etc.
12GF Score
Get the complete analysis for ATGL
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ATGL has been successfully added to your 
