Pine Technology HoldingsFRA:PNY 41 Altman Z-Score is 40.93 as of Jul. 07, 2026, which is 2137% above its 10-year median of 1.83. GuruFocus rates FRA:PNY with a GF Score™ of 41/100 and a GF Value™ of €0.02 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 2,458 Hardware companies, Pine Technology Holdings ranks better than 97.52% 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 38.64 is strong.
Pine Technology Holdings has a Altman Z-Score of 40.93, 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 Pine Technology Holdings's Altman Z-Score or its related term are showing as below:
FRA:PNY'
s Altman Z-Score Range Over the Past 10 Years
Min: -8.58 Med: 1.83 Max: 38.64
Current: 38.64
During the past 13 years, Pine Technology Holdings's highest Altman Z-Score was 38.64. The lowest was -8.58. And the median was 1.83.
Pine Technology Holdings (FRA:PNY) 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.
* 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:PNY vs SNDK, DELL, STX: Altman Z-Score Comparison
For the Computer Hardware subindustry, Pine Technology 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.
Pine Technology Holdings Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, Pine Technology Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Pine Technology Holdings's Altman Z-Score falls into.
Pine Technology Holdings Altman Z-Score Calculation
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.
Pine Technology Holdings (FRA:PNY) has a Altman Z-Score of 40.93 as of Jul. 07, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Pine Technology Holdings and its competitors. This is 2137% above median its historical median of 1.83. According to the industry distribution chart, Pine Technology Holdings ranks #61 out of 2458 companies in the Hardware industry, placing it in the top 2.5%.
Is Pine Technology Holdings' Altman Z-Score too high?
Pine Technology Holdings' current Altman Z-Score of 40.93 is 2137% above median its 10-year median of 1.83. The Hardware industry median Altman Z-Score is 3.64. Pine Technology Holdings' value of 40.93 is 1024.5% above this industry median. Based on the distribution chart, Pine Technology Holdings ranks #61 out of 2458 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Pine Technology Holdings has a GF Score™ of 41/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pine Technology Holdings' Altman Z-Score compare to SNDK and DELL?
According to the Hardware industry distribution chart, Pine Technology Holdings ranks #61 out of 2458 companies for Altman Z-Score. This places Pine Technology Holdings in the top 3% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.64. Pine Technology Holdings' value of 40.93 is 1024.5% above this benchmark. While the company's 10-year median is 1.83 vs. the industry median of 3.64, Pine Technology Holdings 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.64, based on 2,458 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. Pine Technology Holdings's current Altman Z-Score of 40.93 is 1024.5% 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 Pine Technology Holdings and its competitors. For the Hardware industry, the median Altman Z-Score is 3.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pine Technology Holdings's current Altman Z-Score is 40.93, which is 2137% above median its own 10-year median of 1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pine Technology Holdings stock overvalued right now?
Based on GuruFocus' analysis, Pine Technology Holdings (FRA:PNY) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.02, compared to a current price of €0.03 — trading 25% above its estimated fair value. The current Altman Z-Score is 40.93, which is 2137% above median its 10-year median of 1.83 and 1024.5% above the Hardware industry median of 3.64. Pine Technology Holdings' overall GF Score™ is 41/100 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 Pine Technology Holdings (FRA:PNY), the current Altman Z-Score is 40.93 as of Jul. 07, 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 Pine Technology Holdings (FRA:PNY) Overvalued in 2026?
Based on GuruFocus' analysis, Pine Technology Holdings stock appears to be overvalued.
The current stock price of €0.03 is trading 25% above its estimated GF Value™ of €0.02.
GuruFocus considers Pine Technology Holdings to be Modestly Overvalued.
Key valuation signals for FRA:PNY:
Altman Z-Score: 40.93 (2137% above median its 10-year median of 1.83)
GF Value™: €0.02 vs. price of €0.03 (25% above fair value)
Industry Position: 1024.5% above the Hardware median (#61 of 2458)
No single metric tells the full story. See the FRA:PNY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pine Technology Holdings Ltd engages in the sales of computer components, consumer electronic products, raw plastic materials, and the provision of computer software, hardware, and system development services. The Group operates through four main segments: Group's brand products, involving the manufacture and sales of video graphics cards and other computer components under its own brand; Other brand products, covering the distribution of third-party computer components and consumer electronic products; Trading business, focused on trading activities in the PRC; and Computer software, hardware, and system development services. The Other brand products segment is the primary revenue contributor. The company exports its products to the PRC and Hong Kong.
41GF Score
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