Pacific Online (HKSE:00543) Altman Z-Score: 2.29 (As of Aug. 08, 2026) — 28% Below Median

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HKSE:00543 Pacific Online Ltd HKSE:00543
48 GF Score
Price HK$0.28
GF Value HK$0.37
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Pacific Online Altman Z-Score?

Pacific Online HKSE:00543 48 Altman Z-Score is 2.29 as of Aug. 08, 2026, which is 28% below its 10-year median of 3.17. GuruFocus rates HKSE:00543 with a GF Score™ of 48/100 and a GF Value™ of HK$0.37 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 547 Interactive Media companies, Pacific Online ranks worse than 60.51% 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 2.26 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.

Pacific Online has a Altman Z-Score of 2.29, indicating it is in Grey Zones. This implies that Pacific Online 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 Pacific Online's Altman Z-Score or its related term are showing as below:

HKSE:00543' s Altman Z-Score Range Over the Past 10 Years
Min: 2.26   Med: 3.17   Max: 5.17
Current: 2.26

During the past 13 years, Pacific Online's highest Altman Z-Score was 5.17. The lowest was 2.26. And the median was 3.17.


Pacific Online  (HKSE:00543) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Pacific Online Altman Z-Score Related Terms


Pacific Online Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Pacific Online'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.

Pacific Online Altman Z-Score Chart

Pacific Online Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.51 2.37 2.37 2.34 2.39

Pacific Online Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.37 0.00 2.34 0.00 2.39

HKSE:00543 vs GOOGL, META, SPOT: Altman Z-Score Comparison

For the Internet Content & Information subindustry, Pacific Online'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.


Pacific Online Altman Z-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Pacific Online's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Pacific Online's Altman Z-Score falls into.


HKSE:00543
48GF Score
Pacific Online Ltd HKSE:00543
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Pacific Online 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.

Pacific Online'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*0.4303+1.4*0.2214+3.3*0.0179+0.6*1.1449+1.0*0.7208
=2.29

* 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.

Trailing Twelve Months (TTM) ended in Dec. 2025:
Total Assets was HK$991.6 Mil.
Total Current Assets was HK$699.3 Mil.
Total Current Liabilities was HK$272.5 Mil.
Retained Earnings was HK$219.5 Mil.
Pre-Tax Income was HK$17.7 Mil.
Interest Expense was HK$-0.0 Mil.
Revenue was HK$714.7 Mil.
Market Cap (Today) was HK$312.2 Mil.
Total Liabilities was HK$272.7 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(699.262 - 272.541)/991.596
=0.4303

X2=Retained Earnings/Total Assets
=219.524/991.596
=0.2214

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(17.724 - -0.006)/991.596
=0.0179

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=312.245/272.735
=1.1449

X5=Revenue/Total Assets
=714.721/991.596
=0.7208

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Pacific Online has a Altman Z-Score of 2.29 indicating it is in Grey Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 2.29 mean?
Pacific Online (HKSE:00543) has a Altman Z-Score of 2.29 as of Aug. 08, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Pacific Online and its competitors. This is 28% below median its historical median of 3.17. Over the past decade, Pacific Online's Altman Z-Score has ranged from 2.26 to 5.17. According to the industry distribution chart, Pacific Online ranks #331 out of 547 companies in the Interactive Media industry, placing it in the top 60.5%.
Is Pacific Online's Altman Z-Score too high?
Pacific Online's current Altman Z-Score of 2.29 is 28% below median its 10-year median of 3.17. Over the past 10 years, this metric has ranged from a low of 2.26 to a high of 5.17. The Interactive Media industry median Altman Z-Score is 3.07. Pacific Online's value of 2.29 is 25.4% below this industry median. Based on the distribution chart, Pacific Online ranks #331 out of 547 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Pacific Online has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pacific Online's Altman Z-Score compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Pacific Online ranks #331 out of 547 companies for Altman Z-Score. This places Pacific Online in the lower half of its industry. The industry median Altman Z-Score is 3.07. Pacific Online's value of 2.29 is 25.4% below this benchmark. Historically, Pacific Online's own Altman Z-Score has ranged from 2.26 to 5.17 over the past decade. While the company's 10-year median is 3.17 vs. the industry median of 3.07, Pacific Online 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 an Interactive Media company?
The median Altman Z-Score among Interactive Media companies is 3.07, based on 547 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. Pacific Online's current Altman Z-Score of 2.29 is 25.4% 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 Pacific Online and its competitors. For the Interactive Media industry, the median Altman Z-Score is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pacific Online's current Altman Z-Score is 2.29, which is 28% below median its own 10-year median of 3.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pacific Online stock overvalued right now?
Based on GuruFocus' analysis, Pacific Online (HKSE:00543) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.37, compared to a current price of HK$0.28 — trading 25.7% below its estimated fair value. The current Altman Z-Score is 2.29, which is 28% below median its 10-year median of 3.17 and 25.4% below the Interactive Media industry median of 3.07. Pacific Online's overall GF Score™ is 48/100 with 6 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 Pacific Online (HKSE:00543), the current Altman Z-Score is 2.29 as of Aug. 08, 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 Pacific Online (HKSE:00543) Overvalued in 2026?

Based on GuruFocus' analysis, Pacific Online stock appears to be undervalued. The current stock price of HK$0.28 is trading 25.7% below its estimated GF Value™ of HK$0.37. GuruFocus considers Pacific Online to be Modestly Undervalued.

Key valuation signals for HKSE:00543:

  • Altman Z-Score: 2.29 (28% below median its 10-year median of 3.17)
  • GF Value™: HK$0.37 vs. price of HK$0.28 (25.7% below fair value)
  • GF Score™: 48/100 with 6 warning signs
  • Industry Position: 25.4% below the Interactive Media median (#331 of 547)

No single metric tells the full story. See the HKSE:00543 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pacific Online Business Description

Address 115 Gaopu Road, National Software Park Base, Tianhe District, Guangzhou, CHN, 510663
Pacific Online Ltd is engaged in the provision of internet advertising services in the People's Republic of China. The Group operates vertically integrated portals, including PConline, which focuses on IT product-related content, PCauto, which focuses on automobile content, and PChouse. Its reportable segments include PCauto, which generates the majority of its revenue, and PConline.
48GF Score

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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.28
Price
HK$0.37
GF Value