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PPS International (Holdings)HKSE:08201 +0.79%55 Altman Z-Score is 2.38 as of Aug. 11, 2026, which is 6% above its 10-year median of 2.24. GuruFocus rates HKSE:08201 with a GF Score™ of 55/100 and a GF Value™ of HK$0.08 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 237 Waste Management companies, PPS International (Holdings) ranks better than 58.65% 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 2.38 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.
PPS International (Holdings) has a Altman Z-Score of 2.38, indicating it is in Grey Zones. This implies that PPS International (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 PPS International (Holdings)'s Altman Z-Score or its related term are showing as below:
HKSE:08201'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.46 Med: 2.24 Max: 3.58
Current: 2.38
During the past 13 years, PPS International (Holdings)'s highest Altman Z-Score was 3.58. The lowest was 1.46. And the median was 2.24.
PPS International (Holdings) (HKSE:08201) 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.
HKSE:08201 vs WM, RSG, WCN: Altman Z-Score Comparison
For the Waste Management subindustry, PPS International (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.
PPS International (Holdings) Altman Z-Score vs Waste Management Industry
For the Waste Management industry and Industrials sector, PPS International (Holdings)'s Altman Z-Score distribution charts can be found below:
* The bar in red indicates where PPS International (Holdings)'s Altman Z-Score falls into.
PPS International (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.
PPS International (Holdings) (HKSE:08201) has a Altman Z-Score of 2.38 as of Aug. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on PPS International (Holdings) and its competitors. This is near median its historical median of 2.24. Over the past decade, PPS International (Holdings)'s Altman Z-Score has ranged from 1.46 to 3.58. According to the industry distribution chart, PPS International (Holdings) ranks #98 out of 237 companies in the Waste Management industry, placing it in the top 41.4%.
Is PPS International (Holdings)'s Altman Z-Score too high?
PPS International (Holdings)'s current Altman Z-Score of 2.38 is near median its 10-year median of 2.24. Over the past 10 years, this metric has ranged from a low of 1.46 to a high of 3.58. The Waste Management industry median Altman Z-Score is 1.97. PPS International (Holdings)'s value of 2.38 is 20.8% above this industry median. Based on the distribution chart, PPS International (Holdings) ranks #98 out of 237 companies in the Waste Management industry, which is above the industry midpoint. Overall, PPS International (Holdings) has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PPS International (Holdings)'s Altman Z-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, PPS International (Holdings) ranks #98 out of 237 companies for Altman Z-Score. This puts PPS International (Holdings) in the upper half of its industry. The industry median Altman Z-Score is 1.97. PPS International (Holdings)'s value of 2.38 is 20.8% above this benchmark. Historically, PPS International (Holdings)'s own Altman Z-Score has ranged from 1.46 to 3.58 over the past decade. While the company's 10-year median is 2.24 vs. the industry median of 1.97, PPS International (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 Waste Management company?
The median Altman Z-Score among Waste Management companies is 1.97, based on 237 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. PPS International (Holdings)'s current Altman Z-Score of 2.38 is 20.8% 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 PPS International (Holdings) and its competitors. For the Waste Management 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. PPS International (Holdings)'s current Altman Z-Score is 2.38, which is near median its own 10-year median of 2.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PPS International (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, PPS International (Holdings) (HKSE:08201) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.08, compared to a current price of HK$0.13 — trading 60% above its estimated fair value. The current Altman Z-Score is 2.38, which is near median its 10-year median of 2.24 and 20.8% above the Waste Management industry median of 1.97. PPS International (Holdings)'s overall GF Score™ is 55/100 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 PPS International (Holdings) (HKSE:08201), the current Altman Z-Score is 2.38 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 PPS International (Holdings) (HKSE:08201) Overvalued in 2026?
Based on GuruFocus' analysis, PPS International (Holdings) stock appears to be overvalued.
The current stock price of HK$0.13 is trading 60% above its estimated GF Value™ of HK$0.08.
GuruFocus considers PPS International (Holdings) to be Significantly Overvalued.
Key valuation signals for HKSE:08201:
Altman Z-Score: 2.38 (near median its 10-year median of 2.24)
GF Value™: HK$0.08 vs. price of HK$0.13 (60% above fair value)
Industry Position: 20.8% above the Waste Management median (#98 of 237)
No single metric tells the full story. See the HKSE:08201 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PPS International (Holdings) Ltd is an investment holding company. The company's operating segment include Environmental and cleaning; Money lending and Investments. It generates maximum revenue from the Environmental and cleaning segment. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in PRC.
55GF Score
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