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PolarisSGX:5BI Altman Z-Score is 10.16 as of Jul. 29, 2026. The stock has 3 warning signs investors should review. Among 1,114 Retail - Cyclical companies, Polaris ranks better than 92.55% 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 10.16 is strong.
Polaris has a Altman Z-Score of 10.16, 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 Polaris's Altman Z-Score or its related term are showing as below:
SGX:5BI'
s Altman Z-Score Range Over the Past 10 Years
Min: -47.94 Med: -13.95 Max: 10.16
Current: 10.16
During the past 13 years, Polaris's highest Altman Z-Score was 10.16. The lowest was -47.94. And the median was -13.95.
Polaris (SGX:5BI) 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.
Polaris Altman Z-Score Related Terms
Polaris Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Polaris'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.
SGX:5BI vs CASY, WSM, ULTA: Altman Z-Score Comparison
For the Specialty Retail subindustry, Polaris'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.
Polaris Altman Z-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Polaris's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Polaris'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.
Polaris's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.4832
+
1.4
*
0.1149
+
3.3
*
-0.2797
+
0.6
*
8.4296
+
1.0
*
5.2805
=
10.16
* 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.
Polaris (SGX:5BI) has a Altman Z-Score of 10.16 as of Jul. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Polaris and its competitors. According to the industry distribution chart, Polaris ranks #83 out of 1114 companies in the Retail - Cyclical industry, placing it in the top 7.5%.
Is Polaris' Altman Z-Score too high?
Polaris' current Altman Z-Score is 10.16. The Retail - Cyclical industry median Altman Z-Score is 2.73. Polaris' value of 10.16 is 272.2% above this industry median. Based on the distribution chart, Polaris ranks #83 out of 1114 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers.
How does Polaris' Altman Z-Score compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Polaris ranks #83 out of 1114 companies for Altman Z-Score. This places Polaris in the top 8% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.73. Polaris' value of 10.16 is 272.2% 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 Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.73, based on 1,114 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. Polaris's current Altman Z-Score of 10.16 is 272.2% 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 Polaris and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polaris's current Altman Z-Score is 10.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polaris stock overvalued right now?
Polaris (SGX:5BI) has a current Altman Z-Score of 10.16. The current Altman Z-Score is 10.16 and 272.2% above the Retail - Cyclical industry median of 2.73. 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 Polaris (SGX:5BI), the current Altman Z-Score is 10.16 as of Jul. 29, 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.
Polaris Ltd is principal activity of the Company is that of investment holding. The segments of the company include the pre-loved luxury goods segment engages in the business of importing and exporting pre-loved luxury goods and premium lifestyle products; Consumer electronics segment engages in the corporate sale of telecommunication, IT, educational robotics and consumer electronics products; Customer services segment provides after-market services to end consumers for equipment repairs, refurbishments and technical services; green protein business engages in the cultivation and sales of black soldier fly; and Corporate segment provides Group-level corporate services, treasury functions and investment in marketable securities. It generates majority of revenue from Indonesia.
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