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Hiap HoeSGX:5JK 45 Altman Z-Score is 1.20 as of Sep. 03, 2026, which is 50% above its 10-year median of 0.80. GuruFocus rates SGX:5JK with a GF Score™ of 45/100 and a GF Value™ of S$0.67 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 833 Travel & Leisure companies, Hiap Hoe ranks worse than 66.51% 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 1.2 is in distress zone. This implies bankruptcy possibility in the next two years.
Hiap Hoe has a Altman Z-Score of 1.20, 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 Hiap Hoe's Altman Z-Score or its related term are showing as below:
SGX:5JK'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.06 Med: 0.8 Max: 1.2
Current: 1.2
During the past 13 years, Hiap Hoe's highest Altman Z-Score was 1.20. The lowest was 0.06. And the median was 0.80.
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.
Hiap Hoe Altman Z-Score Related Terms
Hiap Hoe Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Hiap Hoe'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.
For the Lodging subindustry, Hiap Hoe'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.
Hiap Hoe Altman Z-Score vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Hiap Hoe's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Hiap Hoe'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.
Hiap Hoe'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
*
0.2026
+
1.4
*
0.4143
+
3.3
*
0.0371
+
0.6
*
0.2938
+
1.0
*
0.0794
=
1.20
* 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.
Hiap Hoe (SGX:5JK) has a Altman Z-Score of 1.20 as of Sep. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hiap Hoe and its competitors. This is 50% above median its historical median of 0.80. Over the past decade, Hiap Hoe's Altman Z-Score has ranged from 0.06 to 1.20. According to the industry distribution chart, Hiap Hoe ranks #554 out of 833 companies in the Travel & Leisure industry, placing it in the top 66.5%.
Is Hiap Hoe's Altman Z-Score too high?
Hiap Hoe's current Altman Z-Score of 1.20 is 50% above median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 1.20. The Travel & Leisure industry median Altman Z-Score is 2.02. Hiap Hoe's value of 1.20 is 40.6% below this industry median. Based on the distribution chart, Hiap Hoe ranks #554 out of 833 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Hiap Hoe has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hiap Hoe's Altman Z-Score compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Hiap Hoe ranks #554 out of 833 companies for Altman Z-Score. This places Hiap Hoe in the lower half of its industry. The industry median Altman Z-Score is 2.02. Hiap Hoe's value of 1.20 is 40.6% below this benchmark. Historically, Hiap Hoe's own Altman Z-Score has ranged from 0.06 to 1.20 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 2.02, Hiap Hoe 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 Travel & Leisure company?
The median Altman Z-Score among Travel & Leisure companies is 2.02, based on 833 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. Hiap Hoe's current Altman Z-Score of 1.20 is 40.6% 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 Hiap Hoe and its competitors. For the Travel & Leisure industry, the median Altman Z-Score is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiap Hoe's current Altman Z-Score is 1.20, which is 50% above median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiap Hoe stock overvalued right now?
Based on GuruFocus' analysis, Hiap Hoe (SGX:5JK) is currently considered Modestly Undervalued. The stock's GF Value™ is S$0.67, compared to a current price of S$0.60 — trading 11.2% below its estimated fair value. The current Altman Z-Score is 1.20, which is 50% above median its 10-year median of 0.80 and 40.6% below the Travel & Leisure industry median of 2.02. Hiap Hoe's overall GF Score™ is 45/100 with 6 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 Hiap Hoe (SGX:5JK), the current Altman Z-Score is 1.20 as of Sep. 03, 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 Hiap Hoe (SGX:5JK) Overvalued in 2026?
Based on GuruFocus' analysis, Hiap Hoe stock appears to be undervalued.
The current stock price of S$0.60 is trading 11.2% below its estimated GF Value™ of S$0.67.
GuruFocus considers Hiap Hoe to be Modestly Undervalued.
Key valuation signals for SGX:5JK:
Altman Z-Score: 1.20 (50% above median its 10-year median of 0.80)
GF Value™: S$0.67 vs. price of S$0.60 (11.2% below fair value)
Industry Position: 40.6% below the Travel & Leisure median (#554 of 833)
No single metric tells the full story. See the SGX:5JK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hiap Hoe Ltd is a regional real estate group. It has the following reportable operating segments -The rental segment is in the business of renting of space under the investment properties and property, plant and equipment. The leisure segment is in the business of providing leisure and recreational facilities. The hotel operations segment is operated under the brand names of Aloft Singapore Novena, Holiday Inn Express Trafford City, Aloft Perth and Great Eastern Motor Lodge. The other investments portfolio consists of a mix of quoted and unquoted investments. The others segment is involved in Group-level corporate services and treasury functions. The company has operations in Singapore which generates key revenue, Australia, and the United Kingdom.
45GF Score
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