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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 -2.42 is in distress zone. This implies bankruptcy possibility in the next two years.
Madison Holdings Group has a Altman Z-Score of -2.43, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Madison Holdings Group's Altman Z-Score or its related term are showing as below:
HKSE:08057'
s Altman Z-Score Range Over the Past 10 Years
Min: -2.46 Med: -0.12 Max: 11.81
Current: -2.42
During the past 12 years, Madison Holdings Group's highest Altman Z-Score was 11.81. The lowest was -2.46. And the median was -0.12.
Madison Holdings Group (HKSE:08057) 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.
Madison Holdings Group Altman Z-Score Related Terms
Madison Holdings Group Altman Z-Score Historical Data
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The historical data trend for Madison Holdings 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:08057 vs V, MA, AXP: Altman Z-Score Comparison
For the Credit Services subindustry, Madison Holdings 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.
Madison Holdings Group Altman Z-Score vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Madison Holdings Group's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Madison Holdings 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.
* 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.
Madison Holdings Group (HKSE:08057) has a Altman Z-Score of -2.43 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Madison Holdings Group and its competitors. According to the industry distribution chart, Madison Holdings Group ranks #397 out of 410 companies in the Credit Services industry, placing it in the top 96.8%.
Is Madison Holdings Group's Altman Z-Score too high?
Madison Holdings Group's current Altman Z-Score is -2.43. Based on the distribution chart, Madison Holdings Group ranks #397 out of 410 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Madison Holdings Group has a GF Score™ of 25/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Madison Holdings Group's Altman Z-Score compare to V and MA?
According to the Credit Services industry distribution chart, Madison Holdings Group ranks #397 out of 410 companies for Altman Z-Score. This places Madison Holdings Group in the lower half of its industry. The industry median Altman Z-Score is 1.76. 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 Credit Services company?
The median Altman Z-Score among Credit Services companies is 1.76, based on 410 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. 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 Madison Holdings Group and its competitors. For the Credit Services industry, the median Altman Z-Score is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Madison Holdings Group's current Altman Z-Score is -2.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Madison Holdings Group stock overvalued right now?
Based on GuruFocus' analysis, Madison Holdings Group (HKSE:08057) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.67, compared to a current price of HK$0.50 — trading 25.4% below its estimated fair value. The current Altman Z-Score is -2.43. Madison Holdings Group's overall GF Score™ is 25/100 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 Madison Holdings Group (HKSE:08057), the current Altman Z-Score is -2.43 as of Jul. 14, 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 Madison Holdings Group (HKSE:08057) Overvalued in 2026?
Based on GuruFocus' analysis, Madison Holdings Group stock appears to be undervalued.
The current stock price of HK$0.50 is trading 25.4% below its estimated GF Value™ of HK$0.67.
GuruFocus considers Madison Holdings Group to be Modestly Undervalued.
Key valuation signals for HKSE:08057:
Altman Z-Score: -2.43
GF Value™: HK$0.67 vs. price of HK$0.50 (25.4% below fair value)
No single metric tells the full story. See the HKSE:08057 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Madison Holdings Group Ltd is involved in retail sales and wholesale of a wide spectrum of wine products and alcoholic beverages in Hong Kong, with a focus on red wine. The company operates through three segments of Sales of alcoholic beverages, Financial services, and Loan financing services. It generates the majority of its revenue from the Loan financing services segment. Geographically, it has a business presence in the PRC and Hong Kong.
25GF Score
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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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