Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Acesian PartnersSGX:5FW Altman Z-Score is 2.67 as of Aug. 08, 2026, which is 48% above its 10-year median of 1.80. The stock has 4 warning signs investors should review. Among 3,006 Industrial Products companies, Acesian Partners ranks worse than 65.83% 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 2.4 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.
Acesian Partners has a Altman Z-Score of 2.67, indicating it is in Grey Zones. This implies that Acesian Partners 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 Acesian Partners's Altman Z-Score or its related term are showing as below:
SGX:5FW'
s Altman Z-Score Range Over the Past 10 Years
Min: -1.25 Med: 1.8 Max: 5.38
Current: 2.4
During the past 13 years, Acesian Partners's highest Altman Z-Score was 5.38. The lowest was -1.25. And the median was 1.80.
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.
Acesian Partners Altman Z-Score Related Terms
Acesian Partners Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Acesian Partners'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:5FW vs GEV, ETN, PH: Altman Z-Score Comparison
For the Specialty Industrial Machinery subindustry, Acesian Partners'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.
Acesian Partners Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Acesian Partners's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Acesian Partners'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.
Acesian Partners'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
*
0.7481
+
1.4
*
0.0966
+
3.3
*
-0.1014
+
0.6
*
2.8735
+
1.0
*
0.251
=
2.67
* 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.
Acesian Partners (SGX:5FW) has a Altman Z-Score of 2.67 as of Aug. 08, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Acesian Partners and its competitors. This is 48% above median its historical median of 1.80. According to the industry distribution chart, Acesian Partners ranks #1979 out of 3006 companies in the Industrial Products industry, placing it in the top 65.8%.
Is Acesian Partners' Altman Z-Score too high?
Acesian Partners' current Altman Z-Score of 2.67 is 48% above median its 10-year median of 1.80. The Industrial Products industry median Altman Z-Score is 3.19. Acesian Partners' value of 2.67 is 16.3% below this industry median. Based on the distribution chart, Acesian Partners ranks #1979 out of 3006 companies in the Industrial Products industry, which is below the industry midpoint.
How does Acesian Partners' Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Acesian Partners ranks #1979 out of 3006 companies for Altman Z-Score. This places Acesian Partners in the lower half of its industry. The industry median Altman Z-Score is 3.19. Acesian Partners' value of 2.67 is 16.3% below this benchmark. While the company's 10-year median is 1.80 vs. the industry median of 3.19, Acesian Partners 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.19, based on 3,006 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. Acesian Partners's current Altman Z-Score of 2.67 is 16.3% 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 Acesian Partners and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Acesian Partners's current Altman Z-Score is 2.67, which is 48% above median its own 10-year median of 1.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Acesian Partners stock overvalued right now?
Based on GuruFocus' analysis, Acesian Partners (SGX:5FW) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.02, compared to a current price of S$0.03 — trading 25% above its estimated fair value. The current Altman Z-Score is 2.67, which is 48% above median its 10-year median of 1.80 and 16.3% below the Industrial Products industry median of 3.19. 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 Acesian Partners (SGX:5FW), the current Altman Z-Score is 2.67 as of Aug. 08, 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.
Acesian Partners Ltd is engaged in designing, manufacturing and supplying critical airflow and related products and investment holding. The segments of the company include Critical airflow design and supply, and Engineering Services. The majority of the revenue for the company is generated from the Critical airflow design and supply segment which relates to revenue generated from the design, manufacture and supply of critical airflow and related products including ETFE-coated ducts, uncoated stainless steel ducts and critical airflow systems which will be integrated with third-party equipment such as fume-hoods, scrubbers and fans for a complete environment-control system. Geographically, the company derives its key revenue from Asia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SGX:5FW has been successfully added to your 
