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Bitfire Group HoldingsHKSE:01611 +3.70%75 Altman Z-Score is 8.47 as of Aug. 13, 2026, which is 75% above its 10-year median of 4.85. GuruFocus rates HKSE:01611 with a GF Score™ of 75/100 and a GF Value™ of HK$3.42 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 665 Capital Markets companies, Bitfire Group Holdings ranks better than 76.69% 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 8.33 is strong.
Bitfire Group Holdings has a Altman Z-Score of 8.47, 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 Bitfire Group Holdings's Altman Z-Score or its related term are showing as below:
HKSE:01611'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.61 Med: 4.85 Max: 11.29
Current: 8.33
During the past 13 years, Bitfire Group Holdings's highest Altman Z-Score was 11.29. The lowest was 2.61. And the median was 4.85.
Bitfire Group Holdings (HKSE:01611) 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.
Bitfire Group Holdings Altman Z-Score Related Terms
Bitfire Group Holdings Altman Z-Score Historical Data
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The historical data trend for Bitfire Group Holdings'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:01611 vs MS, GS, SCHW: Altman Z-Score Comparison
For the Capital Markets subindustry, Bitfire 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.
Bitfire Group Holdings Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bitfire Group Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Bitfire Group Holdings'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.
* 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.
Bitfire Group Holdings (HKSE:01611) has a Altman Z-Score of 8.47 as of Aug. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Bitfire Group Holdings and its competitors. This is 75% above median its historical median of 4.85. Over the past decade, Bitfire Group Holdings' Altman Z-Score has ranged from 2.61 to 11.29. According to the industry distribution chart, Bitfire Group Holdings ranks #155 out of 665 companies in the Capital Markets industry, placing it in the top 23.3%.
Is Bitfire Group Holdings' Altman Z-Score too high?
Bitfire Group Holdings' current Altman Z-Score of 8.47 is 75% above median its 10-year median of 4.85. Over the past 10 years, this metric has ranged from a low of 2.61 to a high of 11.29. The Capital Markets industry median Altman Z-Score is 2.57. Bitfire Group Holdings' value of 8.47 is 229.6% above this industry median. Based on the distribution chart, Bitfire Group Holdings ranks #155 out of 665 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Bitfire Group Holdings has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bitfire Group Holdings' Altman Z-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Bitfire Group Holdings ranks #155 out of 665 companies for Altman Z-Score. This places Bitfire Group Holdings in the top 23% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.57. Bitfire Group Holdings' value of 8.47 is 229.6% above this benchmark. Historically, Bitfire Group Holdings' own Altman Z-Score has ranged from 2.61 to 11.29 over the past decade. While the company's 10-year median is 4.85 vs. the industry median of 2.57, Bitfire Group Holdings 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 665 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. Bitfire Group Holdings's current Altman Z-Score of 8.47 is 229.6% 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 Bitfire Group Holdings 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. Bitfire Group Holdings's current Altman Z-Score is 8.47, which is 75% above median its own 10-year median of 4.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bitfire Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Bitfire Group Holdings (HKSE:01611) is currently considered Possible Value Trap. The stock's GF Value™ is HK$3.42, compared to a current price of HK$1.96 — trading 42.7% below its estimated fair value. The current Altman Z-Score is 8.47, which is 75% above median its 10-year median of 4.85 and 229.6% above the Capital Markets industry median of 2.57. Bitfire Group Holdings' overall GF Score™ is 75/100 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 Bitfire Group Holdings (HKSE:01611), the current Altman Z-Score is 8.47 as of Aug. 13, 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 Bitfire Group Holdings (HKSE:01611) Overvalued in 2026?
Based on GuruFocus' analysis, Bitfire Group Holdings stock appears to be undervalued.
The current stock price of HK$1.96 is trading 42.7% below its estimated GF Value™ of HK$3.42.
GuruFocus considers Bitfire Group Holdings to be Possible Value Trap.
Key valuation signals for HKSE:01611:
Altman Z-Score: 8.47 (75% above median its 10-year median of 4.85)
GF Value™: HK$3.42 vs. price of HK$1.96 (42.7% below fair value)
Industry Position: 229.6% above the Capital Markets median (#155 of 665)
No single metric tells the full story. See the HKSE:01611 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bitfire Group Holdings Ltd is an investment holding company and its subsidiaries are principally engaged in the provision of technology solution services, a varieties of services in virtual asset ecosystem, such as asset management, trust and custodian business, crypto asset trading and operate a crypto asset exchange in Japan. The company has two reportable and operating segments: (i) Operation of crypto asset exchange in Japan (Blockchain Platform Business); and (ii) Virtual asset ecosystem other than Blockchain Platform Business (Other Virtual Asset Ecosystem Business). The majority of revenue is derived from the Blockchain Platform Business segment.
75GF Score
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