HIVE Digital TechnologiesHIVE -10.27%64 Altman Z-Score is 4.25 as of Jun. 25, 2026, which is 167% above its 10-year median of 1.59. GuruFocus rates HIVE with a GF Score™ of 64/100 and a GF Value™ of $3.72 (Fairly Valued). The stock has 1 warning sign investors should review. Among 658 Capital Markets companies, HIVE Digital Technologies ranks better than 65.5% 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 5.08 is strong.
HIVE Digital Technologies has a Altman Z-Score of 4.25, 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 HIVE Digital Technologies's Altman Z-Score or its related term are showing as below:
HIVE'
s Altman Z-Score Range Over the Past 10 Years
Min: -32.32 Med: 1.59 Max: 17.63
Current: 5.08
During the past 13 years, HIVE Digital Technologies's highest Altman Z-Score was 17.63. The lowest was -32.32. And the median was 1.59.
HIVE Digital Technologies (NAS:HIVE) 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.
For the Capital Markets subindustry, HIVE Digital Technologies'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.
HIVE Digital Technologies Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, HIVE Digital Technologies's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where HIVE Digital Technologies's Altman Z-Score falls into.
HIVE Digital Technologies 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.
HIVE Digital Technologies (HIVE) has a Altman Z-Score of 4.25 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on HIVE Digital Technologies and its competitors. This is 167% above median its historical median of 1.59. According to the industry distribution chart, HIVE Digital Technologies ranks #227 out of 658 companies in the Capital Markets industry, placing it in the top 34.5%.
Is HIVE Digital Technologies' Altman Z-Score too high?
HIVE Digital Technologies' current Altman Z-Score of 4.25 is 167% above median its 10-year median of 1.59. The Capital Markets industry median Altman Z-Score is 2.57. HIVE Digital Technologies' value of 4.25 is 65.7% above this industry median. Based on the distribution chart, HIVE Digital Technologies ranks #227 out of 658 companies in the Capital Markets industry, which is above the industry midpoint. Overall, HIVE Digital Technologies has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HIVE Digital Technologies' Altman Z-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, HIVE Digital Technologies ranks #227 out of 658 companies for Altman Z-Score. This puts HIVE Digital Technologies in the upper half of its industry. The industry median Altman Z-Score is 2.57. HIVE Digital Technologies' value of 4.25 is 65.7% above this benchmark. While the company's 10-year median is 1.59 vs. the industry median of 2.57, HIVE Digital Technologies 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 Capital Markets company?
The median Altman Z-Score among Capital Markets companies is 2.57, based on 658 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. HIVE Digital Technologies's current Altman Z-Score of 4.25 is 65.7% 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 HIVE Digital Technologies and its competitors. For the Capital Markets industry, the median Altman Z-Score is 2.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HIVE Digital Technologies's current Altman Z-Score is 4.25, which is 167% above median its own 10-year median of 1.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HIVE Digital Technologies stock overvalued right now?
Based on GuruFocus' analysis, HIVE Digital Technologies (HIVE) is currently considered Fairly Valued. The stock's GF Value™ is $3.72, compared to a current price of $3.72 — trading 0.1% below its estimated fair value. The current Altman Z-Score is 4.25, which is 167% above median its 10-year median of 1.59 and 65.7% above the Capital Markets industry median of 2.57. HIVE Digital Technologies' overall GF Score™ is 64/100 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 HIVE Digital Technologies (HIVE), the current Altman Z-Score is 4.25 as of Jun. 25, 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 HIVE Digital Technologies (HIVE) Overvalued in 2026?
Based on GuruFocus' analysis, HIVE Digital Technologies stock appears to be undervalued.
The current stock price of $3.72 is trading 0.1% below its estimated GF Value™ of $3.72.
GuruFocus considers HIVE Digital Technologies to be Fairly Valued.
Key valuation signals for HIVE:
Altman Z-Score: 4.25 (167% above median its 10-year median of 1.59)
GF Value™: $3.72 vs. price of $3.72 (0.1% below fair value)
Industry Position: 65.7% above the Capital Markets median (#227 of 658)
No single metric tells the full story. See the HIVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HIVE Digital Technologies Ltd is a sustainable-energy-focused digital infrastructure company that provides infrastructure solutions through the operation of Tier-1 and Tier-3 data centers. Its computing power is used for high-performance computing (HPC) and for generating hashrate sold to mining pools for cryptocurrency mining. The Company uses cash flow from its hashrate services business to support the expansion of its AI and HPC operations through its subsidiary. The Company focuses on Canada, Sweden, and Paraguay, where low-cost renewable power supports its operations and expansion. It operates in one segment with two revenue streams: the mining and sale of digital currencies and high-performance computing hosting. The majority of its revenue is generated from Bermuda.
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