Phoenix Asia HoldingsPHOE +9.61%24 Altman Z-Score is 115.39 as of Jul. 06, 2026. GuruFocus rates PHOE with a GF Score™ of 24/100. The stock has 1 warning sign investors should review. Among 1,754 Construction companies, Phoenix Asia Holdings ranks better than 99.71% 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 105.58 is strong.
Phoenix Asia Holdings has a Altman Z-Score of 115.39, 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 Phoenix Asia Holdings's Altman Z-Score or its related term are showing as below:
PHOE'
s Altman Z-Score Range Over the Past 10 Years
Min: 0 Med: 0 Max: 105.58
Current: 105.58
During the past 3 years, Phoenix Asia Holdings's highest Altman Z-Score was 105.58. The lowest was 0.00. And the median was 0.00.
Phoenix Asia Holdings (NAS:PHOE) 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.
Phoenix Asia Holdings Altman Z-Score Related Terms
Phoenix Asia Holdings Altman Z-Score Historical Data
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The historical data trend for Phoenix Asia 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.
PHOE vs ESOA, MTRX, MCDIF: Altman Z-Score Comparison
For the Engineering & Construction subindustry, Phoenix Asia 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.
Phoenix Asia Holdings Altman Z-Score vs Construction Industry
For the Construction industry and Industrials sector, Phoenix Asia Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Phoenix Asia 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.
Phoenix Asia Holdings (PHOE) has a Altman Z-Score of 115.39 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Phoenix Asia Holdings and its competitors. According to the industry distribution chart, Phoenix Asia Holdings ranks #5 out of 1754 companies in the Construction industry, placing it in the top 0.3%.
Is Phoenix Asia Holdings' Altman Z-Score too high?
Phoenix Asia Holdings' current Altman Z-Score is 115.39. The Construction industry median Altman Z-Score is 2.34. Phoenix Asia Holdings' value of 115.39 is 4841.8% above this industry median. Based on the distribution chart, Phoenix Asia Holdings ranks #5 out of 1754 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Phoenix Asia Holdings has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Phoenix Asia Holdings' Altman Z-Score compare to ESOA and MTRX?
According to the Construction industry distribution chart, Phoenix Asia Holdings ranks #5 out of 1754 companies for Altman Z-Score. This places Phoenix Asia Holdings in the top 0% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.34. Phoenix Asia Holdings' value of 115.39 is 4841.8% above this benchmark. 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 Construction company?
The median Altman Z-Score among Construction companies is 2.34, based on 1,754 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. Phoenix Asia Holdings's current Altman Z-Score of 115.39 is 4841.8% 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 Phoenix Asia Holdings and its competitors. For the Construction industry, the median Altman Z-Score is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phoenix Asia Holdings's current Altman Z-Score is 115.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix Asia Holdings stock overvalued right now?
Phoenix Asia Holdings (PHOE) has a current Altman Z-Score of 115.39. The current Altman Z-Score is 115.39 and 4841.8% above the Construction industry median of 2.34. Phoenix Asia Holdings' overall GF Score™ is 24/100 with 1 warning sign 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 Phoenix Asia Holdings (PHOE), the current Altman Z-Score is 115.39 as of Jul. 06, 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.
Phoenix Asia Holdings Ltd operates its business through its indirectly wholly-owned Operating Subsidiary, It is engaged in substructure works, such as site formation, ground investigation and foundation works, in Hong Kong. To a lesser extent, the company also provides other construction services such as structural steelworks.
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