Next Technology HoldingFRA:ZP9 -4.00%28 Altman Z-Score is 1.85 as of Jun. 24, 2026, which is 78% below its 10-year median of 8.51. GuruFocus rates FRA:ZP9 with a GF Score™ of 28/100 and a GF Value™ of €6.41 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,763 Software companies, Next Technology Holding ranks worse than 66.27% 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 1.82 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.
Next Technology Holding has a Altman Z-Score of 1.85, indicating it is in Grey Zones. This implies that Next Technology Holding 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 Next Technology Holding's Altman Z-Score or its related term are showing as below:
FRA:ZP9'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.75 Med: 8.51 Max: 262.69
Current: 1.82
During the past 7 years, Next Technology Holding's highest Altman Z-Score was 262.69. The lowest was 1.75. And the median was 8.51.
Next Technology Holding (FRA:ZP9) 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:ZP9 vs EXFY, NRDY, SCOR: Altman Z-Score Comparison
For the Software - Application subindustry, Next Technology Holding'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.
Next Technology Holding Altman Z-Score vs Software Industry
For the Software industry and Technology sector, Next Technology Holding's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Next Technology Holding's Altman Z-Score falls into.
Next Technology Holding 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.
Next Technology Holding (FRA:ZP9) has a Altman Z-Score of 1.85 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Next Technology Holding and its competitors. This is 78% below median its historical median of 8.51. Over the past decade, Next Technology Holding's Altman Z-Score has ranged from 1.75 to 262.69. According to the industry distribution chart, Next Technology Holding ranks #1831 out of 2763 companies in the Software industry, placing it in the top 66.3%.
Is Next Technology Holding's Altman Z-Score too high?
Next Technology Holding's current Altman Z-Score of 1.85 is 78% below median its 10-year median of 8.51. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 262.69. The Software industry median Altman Z-Score is 3.13. Next Technology Holding's value of 1.85 is 40.9% below this industry median. Based on the distribution chart, Next Technology Holding ranks #1831 out of 2763 companies in the Software industry, which is below the industry midpoint. Overall, Next Technology Holding has a GF Score™ of 28/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Next Technology Holding's Altman Z-Score compare to EXFY and NRDY?
According to the Software industry distribution chart, Next Technology Holding ranks #1831 out of 2763 companies for Altman Z-Score. This places Next Technology Holding in the lower half of its industry. The industry median Altman Z-Score is 3.13. Next Technology Holding's value of 1.85 is 40.9% below this benchmark. Historically, Next Technology Holding's own Altman Z-Score has ranged from 1.75 to 262.69 over the past decade. While the company's 10-year median is 8.51 vs. the industry median of 3.13, Next Technology Holding 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 3.13, based on 2,763 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. Next Technology Holding's current Altman Z-Score of 1.85 is 40.9% 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 Next Technology Holding and its competitors. For the Software industry, the median Altman Z-Score is 3.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next Technology Holding's current Altman Z-Score is 1.85, which is 78% below median its own 10-year median of 8.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next Technology Holding stock overvalued right now?
Based on GuruFocus' analysis, Next Technology Holding (FRA:ZP9) is currently considered Significantly Undervalued. The stock's GF Value™ is €6.41, compared to a current price of €1.20 — trading 81.3% below its estimated fair value. The current Altman Z-Score is 1.85, which is 78% below median its 10-year median of 8.51 and 40.9% below the Software industry median of 3.13. Next Technology Holding's overall GF Score™ is 28/100 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 Next Technology Holding (FRA:ZP9), the current Altman Z-Score is 1.85 as of Jun. 24, 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 Next Technology Holding (FRA:ZP9) Overvalued in 2026?
Based on GuruFocus' analysis, Next Technology Holding stock appears to be undervalued.
The current stock price of €1.20 is trading 81.3% below its estimated GF Value™ of €6.41.
GuruFocus considers Next Technology Holding to be Significantly Undervalued.
Key valuation signals for FRA:ZP9:
Altman Z-Score: 1.85 (78% below median its 10-year median of 8.51)
GF Value™: €6.41 vs. price of €1.20 (81.3% below fair value)
Industry Position: 40.9% below the Software median (#1831 of 2763)
No single metric tells the full story. See the FRA:ZP9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Next Technology Holding Inc provides software development services. It provides artificial intelligence (AI) enabled software development services to customers in Hong Kong, Singapore, Malaysia, Japan, and other Asian countries, which include developing, designing, and implementing various Software-as-a-Service (SaaS) software solutions for businesses of all types, including industrials and other businesses. Its designs, develops and deploys software platforms that integrate cloud computing, data analytics and AI-driven algorithms to support enterprises across diverse industries. Its products include Smart Cloud Collaboration Platform, AI-Enabled Data Analytics and Decision Support, Fully Automated Workflow, Comprehensive Security and Compliance Assurance, among others.
28GF Score
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