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HiPower EnergyFRA:8G6 -8.66%29 Altman Z-Score is 70.85 as of Jul. 19, 2026, which is 3106% above its 10-year median of 2.21. GuruFocus rates FRA:8G6 with a GF Score™ of 29/100. The stock has 3 warning signs investors should review. Among 3,007 Industrial Products companies, HiPower Energy ranks better than 99.43% 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 69.65 is strong.
HiPower Energy has a Altman Z-Score of 70.85, 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 HiPower Energy's Altman Z-Score or its related term are showing as below:
FRA:8G6'
s Altman Z-Score Range Over the Past 10 Years
Min: -108 Med: 2.21 Max: 152.73
Current: 69.65
During the past 13 years, HiPower Energy's highest Altman Z-Score was 152.73. The lowest was -108.00. And the median was 2.21.
HiPower Energy (FRA:8G6) 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.
HiPower Energy Altman Z-Score Related Terms
HiPower Energy Altman Z-Score Historical Data
* Premium members only.
The historical data trend for HiPower Energy'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.
FRA:8G6 vs VLTO, ZWS, CECO: Altman Z-Score Comparison
For the Pollution & Treatment Controls subindustry, HiPower Energy'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.
HiPower Energy Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, HiPower Energy's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where HiPower Energy'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.
HiPower Energy'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
*
-0.0213
+
1.4
*
-1.8475
+
3.3
*
-0.0116
+
0.6
*
122.4824
+
1.0
*
0.0068
=
70.85
* 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.
HiPower Energy (FRA:8G6) has a Altman Z-Score of 70.85 as of Jul. 19, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on HiPower Energy and its competitors. This is 3106% above median its historical median of 2.21. According to the industry distribution chart, HiPower Energy ranks #17 out of 3007 companies in the Industrial Products industry, placing it in the top 0.59999999999999%.
Is HiPower Energy's Altman Z-Score too high?
HiPower Energy's current Altman Z-Score of 70.85 is 3106% above median its 10-year median of 2.21. The Industrial Products industry median Altman Z-Score is 3.21. HiPower Energy's value of 70.85 is 2107.2% above this industry median. Based on the distribution chart, HiPower Energy ranks #17 out of 3007 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, HiPower Energy has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does HiPower Energy's Altman Z-Score compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, HiPower Energy ranks #17 out of 3007 companies for Altman Z-Score. This places HiPower Energy in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.21. HiPower Energy's value of 70.85 is 2107.2% above this benchmark. While the company's 10-year median is 2.21 vs. the industry median of 3.21, HiPower Energy 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.21, based on 3,007 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. HiPower Energy's current Altman Z-Score of 70.85 is 2107.2% 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 HiPower Energy and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HiPower Energy's current Altman Z-Score is 70.85, which is 3106% above median its own 10-year median of 2.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HiPower Energy stock overvalued right now?
HiPower Energy (FRA:8G6) has a current Altman Z-Score of 70.85. The current Altman Z-Score is 70.85, which is 3106% above median its 10-year median of 2.21 and 2107.2% above the Industrial Products industry median of 3.21. HiPower Energy's overall GF Score™ is 29/100 with 3 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 HiPower Energy (FRA:8G6), the current Altman Z-Score is 70.85 as of Jul. 19, 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.
HiPower Energy SA creates and develops, commercializes and delivers hydrogen solutions. It is a clean energy company which includes products such as hydrogen recycling technology - HRP (Hydrogen Recycle & Purification), methanol-powered fuel cells for the production of electricity and heat - mGen, and mobile charging stations for electric vehicles - myGO.
29GF Score
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