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IPA Investment Group JSCHSTC:IPA 85 Altman Z-Score is 1.21 as of Jul. 14, 2026, which is 10% below its 10-year median of 1.34. GuruFocus rates HSTC:IPA with a GF Score™ of 85/100 and a GF Value™ of ₫23,275.23 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 661 Capital Markets companies, IPA Investment Group JSC ranks worse than 68.84% 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 1.22 is in distress zone. This implies bankruptcy possibility in the next two years.
IPA Investment Group JSC has a Altman Z-Score of 1.21, 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 IPA Investment Group JSC's Altman Z-Score or its related term are showing as below:
HSTC:IPA'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.76 Med: 1.34 Max: 3.42
Current: 1.22
During the past 8 years, IPA Investment Group JSC's highest Altman Z-Score was 3.42. The lowest was 0.76. And the median was 1.34.
IPA Investment Group JSC (HSTC:IPA) 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.
HSTC:IPA vs MS, GS, SCHW: Altman Z-Score Comparison
For the Capital Markets subindustry, IPA Investment Group JSC'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.
IPA Investment Group JSC Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, IPA Investment Group JSC's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where IPA Investment Group JSC's Altman Z-Score falls into.
IPA Investment Group JSC 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.
IPA Investment Group JSC (HSTC:IPA) has a Altman Z-Score of 1.21 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on IPA Investment Group JSC and its competitors. This is 10% below median its historical median of 1.34. Over the past decade, IPA Investment Group JSC's Altman Z-Score has ranged from 0.76 to 3.42. According to the industry distribution chart, IPA Investment Group JSC ranks #455 out of 661 companies in the Capital Markets industry, placing it in the top 68.8%.
Is IPA Investment Group JSC's Altman Z-Score too high?
IPA Investment Group JSC's current Altman Z-Score of 1.21 is 10% below median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 3.42. The Capital Markets industry median Altman Z-Score is 2.62. IPA Investment Group JSC's value of 1.21 is 53.8% below this industry median. Based on the distribution chart, IPA Investment Group JSC ranks #455 out of 661 companies in the Capital Markets industry, which is below the industry midpoint. Overall, IPA Investment Group JSC has a GF Score™ of 85/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does IPA Investment Group JSC's Altman Z-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, IPA Investment Group JSC ranks #455 out of 661 companies for Altman Z-Score. This places IPA Investment Group JSC in the lower half of its industry. The industry median Altman Z-Score is 2.62. IPA Investment Group JSC's value of 1.21 is 53.8% below this benchmark. Historically, IPA Investment Group JSC's own Altman Z-Score has ranged from 0.76 to 3.42 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 2.62, IPA Investment Group JSC 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 Capital Markets company?
The median Altman Z-Score among Capital Markets companies is 2.62, based on 661 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. IPA Investment Group JSC's current Altman Z-Score of 1.21 is 53.8% 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 IPA Investment Group JSC and its competitors. For the Capital Markets industry, the median Altman Z-Score is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPA Investment Group JSC's current Altman Z-Score is 1.21, which is 10% below median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPA Investment Group JSC stock overvalued right now?
Based on GuruFocus' analysis, IPA Investment Group JSC (HSTC:IPA) is currently considered Possible Value Trap. The stock's GF Value™ is ₫23,275.23, compared to a current price of ₫15,200.00 — trading 34.7% below its estimated fair value. The current Altman Z-Score is 1.21, which is 10% below median its 10-year median of 1.34 and 53.8% below the Capital Markets industry median of 2.62. IPA Investment Group JSC's overall GF Score™ is 85/100 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 IPA Investment Group JSC (HSTC:IPA), the current Altman Z-Score is 1.21 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 IPA Investment Group JSC (HSTC:IPA) Overvalued in 2026?
Based on GuruFocus' analysis, IPA Investment Group JSC stock appears to be undervalued.
The current stock price of ₫15,200.00 is trading 34.7% below its estimated GF Value™ of ₫23,275.23.
GuruFocus considers IPA Investment Group JSC to be Possible Value Trap.
Key valuation signals for HSTC:IPA:
Altman Z-Score: 1.21 (10% below median its 10-year median of 1.34)
GF Value™: ₫23,275.23 vs. price of ₫15,200.00 (34.7% below fair value)
Industry Position: 53.8% below the Capital Markets median (#455 of 661)
No single metric tells the full story. See the HSTC:IPA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPA Investment Group JSC is a multi-sector investment group building and operating a business ecosystem under the Capability Bank model. It operates diversified business lines directly and/or through subsidiaries, associated companies, and enterprises within the IPA Group ecosystem in Vietnam. The Group's operating business segments are: Financial Services, Investment, Commercial electricity production, Business solutions, F&B, and Others: other services, real estate, goods, etc. The majority of its revenue is derived from its Business solutions and Commercial electricity production segments. These segments offer technology and digital solutions to businesses and engage in construction investment, power facilities development, and the trading of commercial electricity.
85GF Score
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