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Progressive Path Group HoldingsHKSE:01581 54 Altman Z-Score is 2.44 as of Aug. 11, 2026, which is 18% above its 10-year median of 2.07. GuruFocus rates HKSE:01581 with a GF Score™ of 54/100 and a GF Value™ of HK$0.18 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,059 Business Services companies, Progressive Path Group Holdings ranks worse than 59.77% 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 2.43 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.
Progressive Path Group Holdings has a Altman Z-Score of 2.44, indicating it is in Grey Zones. This implies that Progressive Path Group Holdings 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 Progressive Path Group Holdings's Altman Z-Score or its related term are showing as below:
HKSE:01581'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.11 Med: 2.07 Max: 3.49
Current: 2.43
During the past 13 years, Progressive Path Group Holdings's highest Altman Z-Score was 3.49. The lowest was 1.11. And the median was 2.07.
Progressive Path Group Holdings (HKSE:01581) 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.
Progressive Path Group Holdings Altman Z-Score Chart
HKSE:01581 vs URI, SUNB, AER: Altman Z-Score Comparison
For the Rental & Leasing Services subindustry, Progressive Path Group 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.
Progressive Path Group Holdings Altman Z-Score vs Business Services Industry
For the Business Services industry and Industrials sector, Progressive Path Group Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Progressive Path Group Holdings's Altman Z-Score falls into.
Progressive Path Group 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.
Progressive Path Group Holdings (HKSE:01581) has a Altman Z-Score of 2.44 as of Aug. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Progressive Path Group Holdings and its competitors. This is 18% above median its historical median of 2.07. Over the past decade, Progressive Path Group Holdings' Altman Z-Score has ranged from 1.11 to 3.49. According to the industry distribution chart, Progressive Path Group Holdings ranks #633 out of 1059 companies in the Business Services industry, placing it in the top 59.8%.
Is Progressive Path Group Holdings' Altman Z-Score too high?
Progressive Path Group Holdings' current Altman Z-Score of 2.44 is 18% above median its 10-year median of 2.07. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 3.49. The Business Services industry median Altman Z-Score is 2.95. Progressive Path Group Holdings' value of 2.44 is 17.3% below this industry median. Based on the distribution chart, Progressive Path Group Holdings ranks #633 out of 1059 companies in the Business Services industry, which is below the industry midpoint. Overall, Progressive Path Group Holdings has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Progressive Path Group Holdings' Altman Z-Score compare to URI and SUNB?
According to the Business Services industry distribution chart, Progressive Path Group Holdings ranks #633 out of 1059 companies for Altman Z-Score. This places Progressive Path Group Holdings in the lower half of its industry. The industry median Altman Z-Score is 2.95. Progressive Path Group Holdings' value of 2.44 is 17.3% below this benchmark. Historically, Progressive Path Group Holdings' own Altman Z-Score has ranged from 1.11 to 3.49 over the past decade. While the company's 10-year median is 2.07 vs. the industry median of 2.95, Progressive Path Group Holdings 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 Business Services company?
The median Altman Z-Score among Business Services companies is 2.95, based on 1,059 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. Progressive Path Group Holdings's current Altman Z-Score of 2.44 is 17.3% 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 Progressive Path Group Holdings and its competitors. For the Business Services industry, the median Altman Z-Score is 2.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Progressive Path Group Holdings's current Altman Z-Score is 2.44, which is 18% above median its own 10-year median of 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Progressive Path Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Progressive Path Group Holdings (HKSE:01581) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.18, compared to a current price of HK$0.33 — trading 83.3% above its estimated fair value. The current Altman Z-Score is 2.44, which is 18% above median its 10-year median of 2.07 and 17.3% below the Business Services industry median of 2.95. Progressive Path Group Holdings' overall GF Score™ is 54/100 with 3 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 Progressive Path Group Holdings (HKSE:01581), the current Altman Z-Score is 2.44 as of Aug. 11, 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 Progressive Path Group Holdings (HKSE:01581) Overvalued in 2026?
Based on GuruFocus' analysis, Progressive Path Group Holdings stock appears to be overvalued.
The current stock price of HK$0.33 is trading 83.3% above its estimated GF Value™ of HK$0.18.
GuruFocus considers Progressive Path Group Holdings to be Significantly Overvalued.
Key valuation signals for HKSE:01581:
Altman Z-Score: 2.44 (18% above median its 10-year median of 2.07)
GF Value™: HK$0.18 vs. price of HK$0.33 (83.3% above fair value)
Industry Position: 17.3% below the Business Services median (#633 of 1059)
No single metric tells the full story. See the HKSE:01581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Progressive Path Group Holdings Ltd is engaged in construction engineering work and the provision of construction machinery rental services in Hong Kong. Its construction machinery rental services represent the rental of construction machines and construction vehicles to customers, and the provision of machine operators and transportation services as part of its one-stop construction machinery rental services. Its construction works represent the construction projects undertaken, the nature of which are broadly classified as foundation and site formation works, and builder's work and general building works. Its segments are Construction works and Construction Machinery Rental. Majority of the revenue is derived from the Construction works segment.
54GF Score
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