Riverstone HoldingsSGX:AP4 -1.18%63 Altman Z-Score is 17.46 as of Jul. 06, 2026, which is 39% above its 10-year median of 12.59. GuruFocus rates SGX:AP4 with a GF Score™ of 63/100 and a GF Value™ of S$0.86 (Fairly Valued). The stock has 7 warning signs investors should review. Among 809 Medical Devices & Instruments companies, Riverstone Holdings ranks better than 91.35% 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 17.46 is strong.
Riverstone Holdings has a Altman Z-Score of 17.46, 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 Riverstone Holdings's Altman Z-Score or its related term are showing as below:
SGX:AP4'
s Altman Z-Score Range Over the Past 10 Years
Min: 8.14 Med: 12.59 Max: 18.78
Current: 17.46
During the past 13 years, Riverstone Holdings's highest Altman Z-Score was 18.78. The lowest was 8.14. And the median was 12.59.
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.
Riverstone Holdings Altman Z-Score Related Terms
Riverstone Holdings Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Riverstone 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.
SGX:AP4 vs ISRG, BDX, MDLN: Altman Z-Score Comparison
For the Medical Instruments & Supplies subindustry, Riverstone 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.
Riverstone Holdings Altman Z-Score vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Riverstone Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Riverstone 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.
Riverstone Holdings'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
*
0.4831
+
1.4
*
0.8357
+
3.3
*
0.1564
+
0.6
*
24.3443
+
1.0
*
0.5888
=
17.46
* 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.
Riverstone Holdings (SGX:AP4) has a Altman Z-Score of 17.46 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Riverstone Holdings and its competitors. This is 39% above median its historical median of 12.59. Over the past decade, Riverstone Holdings' Altman Z-Score has ranged from 8.14 to 18.78. According to the industry distribution chart, Riverstone Holdings ranks #70 out of 809 companies in the Medical Devices & Instruments industry, placing it in the top 8.7%.
Is Riverstone Holdings' Altman Z-Score too high?
Riverstone Holdings' current Altman Z-Score of 17.46 is 39% above median its 10-year median of 12.59. Over the past 10 years, this metric has ranged from a low of 8.14 to a high of 18.78. The Medical Devices & Instruments industry median Altman Z-Score is 3.02. Riverstone Holdings' value of 17.46 is 478.1% above this industry median. Based on the distribution chart, Riverstone Holdings ranks #70 out of 809 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Riverstone Holdings has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Riverstone Holdings' Altman Z-Score compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Riverstone Holdings ranks #70 out of 809 companies for Altman Z-Score. This places Riverstone Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.02. Riverstone Holdings' value of 17.46 is 478.1% above this benchmark. Historically, Riverstone Holdings' own Altman Z-Score has ranged from 8.14 to 18.78 over the past decade. While the company's 10-year median is 12.59 vs. the industry median of 3.02, Riverstone Holdings has consistently been above 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 Medical Devices & Instruments company?
The median Altman Z-Score among Medical Devices & Instruments companies is 3.02, based on 809 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. Riverstone Holdings's current Altman Z-Score of 17.46 is 478.1% 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 Riverstone Holdings and its competitors. For the Medical Devices & Instruments industry, the median Altman Z-Score is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Riverstone Holdings's current Altman Z-Score is 17.46, which is 39% above median its own 10-year median of 12.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Riverstone Holdings stock overvalued right now?
Based on GuruFocus' analysis, Riverstone Holdings (SGX:AP4) is currently considered Fairly Valued. The stock's GF Value™ is S$0.86, compared to a current price of S$0.84 — trading 2.3% below its estimated fair value. The current Altman Z-Score is 17.46, which is 39% above median its 10-year median of 12.59 and 478.1% above the Medical Devices & Instruments industry median of 3.02. Riverstone Holdings' overall GF Score™ is 63/100 with 7 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 Riverstone Holdings (SGX:AP4), the current Altman Z-Score is 17.46 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.
Is Riverstone Holdings (SGX:AP4) Overvalued in 2026?
Based on GuruFocus' analysis, Riverstone Holdings stock appears to be undervalued.
The current stock price of S$0.84 is trading 2.3% below its estimated GF Value™ of S$0.86.
GuruFocus considers Riverstone Holdings to be Fairly Valued.
Key valuation signals for SGX:AP4:
Altman Z-Score: 17.46 (39% above median its 10-year median of 12.59)
GF Value™: S$0.86 vs. price of S$0.84 (2.3% below fair value)
Industry Position: 478.1% above the Medical Devices & Instruments median (#70 of 809)
No single metric tells the full story. See the SGX:AP4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Riverstone Holdings Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the manufacture and sales of gloves and non-glove consumables such as finger cots, static shielding bags, face masks, wipers, and packaging materials. The group's products are widely qualified and used in the Hard Disk Drive, and semiconductor industries. It operates in three segments based on its geography: Malaysia, Thailand, China, Singapore, and Others, of which the majority of its revenue comes from Malaysia.
63GF Score
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