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.
ITC Properties GroupHKSE:00199 +0.46%53 Altman Z-Score is 3.50 as of Jul. 27, 2026, which is 754% above its 10-year median of 0.41. GuruFocus rates HKSE:00199 with a GF Score™ of 53/100 and a GF Value™ of HK$2.68 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 837 Travel & Leisure companies, ITC Properties Group ranks worse than 88.41% 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 0.1 is in distress zone. This implies bankruptcy possibility in the next two years.
ITC Properties Group has a Altman Z-Score of 3.50, 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 ITC Properties Group's Altman Z-Score or its related term are showing as below:
HKSE:00199'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.85 Med: 0.41 Max: 1.95
Current: 0.1
During the past 13 years, ITC Properties Group's highest Altman Z-Score was 1.95. The lowest was -0.85. And the median was 0.41.
ITC Properties Group (HKSE:00199) 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.
ITC Properties Group Altman Z-Score Related Terms
ITC Properties Group Altman Z-Score Historical Data
* Premium members only.
The historical data trend for ITC Properties 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.
HKSE:00199 vs MAR, HLT, H: Altman Z-Score Comparison
For the Lodging subindustry, ITC Properties 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.
ITC Properties Group Altman Z-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, ITC Properties Group's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where ITC Properties 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.
ITC Properties Group'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
*
0.071
+
1.4
*
0
+
3.3
*
-0.2259
+
0.6
*
6.6037
+
1.0
*
0.1954
=
3.50
* 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.
ITC Properties Group (HKSE:00199) has a Altman Z-Score of 3.50 as of Jul. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on ITC Properties Group and its competitors. This is 754% above median its historical median of 0.41. According to the industry distribution chart, ITC Properties Group ranks #740 out of 837 companies in the Travel & Leisure industry, placing it in the top 88.4%.
Is ITC Properties Group's Altman Z-Score too high?
ITC Properties Group's current Altman Z-Score of 3.50 is 754% above median its 10-year median of 0.41. The Travel & Leisure industry median Altman Z-Score is 1.97. ITC Properties Group's value of 3.50 is 77.7% above this industry median. Based on the distribution chart, ITC Properties Group ranks #740 out of 837 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, ITC Properties Group has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ITC Properties Group's Altman Z-Score compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, ITC Properties Group ranks #740 out of 837 companies for Altman Z-Score. This places ITC Properties Group in the lower half of its industry. The industry median Altman Z-Score is 1.97. ITC Properties Group's value of 3.50 is 77.7% above this benchmark. While the company's 10-year median is 0.41 vs. the industry median of 1.97, ITC Properties 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 Travel & Leisure company?
The median Altman Z-Score among Travel & Leisure companies is 1.97, based on 837 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. ITC Properties Group's current Altman Z-Score of 3.50 is 77.7% 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 ITC Properties Group and its competitors. For the Travel & Leisure industry, the median Altman Z-Score is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITC Properties Group's current Altman Z-Score is 3.50, which is 754% above median its own 10-year median of 0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITC Properties Group stock overvalued right now?
Based on GuruFocus' analysis, ITC Properties Group (HKSE:00199) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$2.68, compared to a current price of HK$2.17 — trading 19% below its estimated fair value. The current Altman Z-Score is 3.50, which is 754% above median its 10-year median of 0.41 and 77.7% above the Travel & Leisure industry median of 1.97. ITC Properties Group's overall GF Score™ is 53/100 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 ITC Properties Group (HKSE:00199), the current Altman Z-Score is 3.50 as of Jul. 27, 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 ITC Properties Group (HKSE:00199) Overvalued in 2026?
Based on GuruFocus' analysis, ITC Properties Group stock appears to be undervalued.
The current stock price of HK$2.17 is trading 19% below its estimated GF Value™ of HK$2.68.
GuruFocus considers ITC Properties Group to be Modestly Undervalued.
Key valuation signals for HKSE:00199:
Altman Z-Score: 3.50 (754% above median its 10-year median of 0.41)
GF Value™: HK$2.68 vs. price of HK$2.17 (19% below fair value)
Industry Position: 77.7% above the Travel & Leisure median (#740 of 837)
No single metric tells the full story. See the HKSE:00199 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ITC Properties Group Ltd is an investment holding company principally engaged in the development of, selling of, and investment in properties in Macau, Hong Kong, the PRC, and Canada; securities investments and provision of loan financing services. Its reportable and operating segments are Property, Hotel and leisure, Securities investments, and Finance. It generates maximum revenue from the Property segment, which includes the development, selling of and investment in properties. Geographically, it derives a majority of its revenue from the United Kingdom and also has a presence in Hong Kong, Macau, PRC, Canada, and Other Countries.
53GF Score
Get the complete analysis for HKSE:00199
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
HKSE:00199 has been successfully added to your 
