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Hor KewSGX:BBP +4.42%47 Altman Z-Score is 1.17 as of Jul. 20, 2026, which is 58% above its 10-year median of 0.74. GuruFocus rates SGX:BBP with a GF Score™ of 47/100 and a GF Value™ of S$0.32 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,756 Construction companies, Hor Kew ranks worse than 78.19% 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 1.16 is in distress zone. This implies bankruptcy possibility in the next two years.
Hor Kew has a Altman Z-Score of 1.17, 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 Hor Kew's Altman Z-Score or its related term are showing as below:
SGX:BBP'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.16 Med: 0.74 Max: 1.51
Current: 1.16
During the past 13 years, Hor Kew's highest Altman Z-Score was 1.51. The lowest was -0.16. And the median was 0.74.
Hor Kew (SGX:BBP) 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.
Hor Kew Altman Z-Score Related Terms
Hor Kew Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Hor Kew'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:BBP vs PWR, FIX, EME: Altman Z-Score Comparison
For the Engineering & Construction subindustry, Hor Kew'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.
Hor Kew Altman Z-Score vs Construction Industry
For the Construction industry and Industrials sector, Hor Kew's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Hor Kew'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.
Hor Kew'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
*
0.0742
+
1.4
*
0.1587
+
3.3
*
0.0844
+
0.6
*
0.4635
+
1.0
*
0.3006
=
1.17
* 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.
Hor Kew (SGX:BBP) has a Altman Z-Score of 1.17 as of Jul. 20, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hor Kew and its competitors. This is 58% above median its historical median of 0.74. According to the industry distribution chart, Hor Kew ranks #1373 out of 1756 companies in the Construction industry, placing it in the top 78.2%.
Is Hor Kew's Altman Z-Score too high?
Hor Kew's current Altman Z-Score of 1.17 is 58% above median its 10-year median of 0.74. The Construction industry median Altman Z-Score is 2.31. Hor Kew's value of 1.17 is 49.4% below this industry median. Based on the distribution chart, Hor Kew ranks #1373 out of 1756 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Hor Kew has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hor Kew's Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Hor Kew ranks #1373 out of 1756 companies for Altman Z-Score. This places Hor Kew in the lower half of its industry. The industry median Altman Z-Score is 2.31. Hor Kew's value of 1.17 is 49.4% below this benchmark. While the company's 10-year median is 0.74 vs. the industry median of 2.31, Hor Kew 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 Construction company?
The median Altman Z-Score among Construction companies is 2.31, based on 1,756 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. Hor Kew's current Altman Z-Score of 1.17 is 49.4% 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 Hor Kew and its competitors. For the Construction industry, the median Altman Z-Score is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hor Kew's current Altman Z-Score is 1.17, which is 58% above median its own 10-year median of 0.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hor Kew stock overvalued right now?
Based on GuruFocus' analysis, Hor Kew (SGX:BBP) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.32, compared to a current price of S$1.18 — trading 268.8% above its estimated fair value. The current Altman Z-Score is 1.17, which is 58% above median its 10-year median of 0.74 and 49.4% below the Construction industry median of 2.31. Hor Kew's overall GF Score™ is 47/100 with 4 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 Hor Kew (SGX:BBP), the current Altman Z-Score is 1.17 as of Jul. 20, 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 Hor Kew (SGX:BBP) Overvalued in 2026?
Based on GuruFocus' analysis, Hor Kew stock appears to be overvalued.
The current stock price of S$1.18 is trading 268.8% above its estimated GF Value™ of S$0.32.
GuruFocus considers Hor Kew to be Significantly Overvalued.
Key valuation signals for SGX:BBP:
Altman Z-Score: 1.17 (58% above median its 10-year median of 0.74)
GF Value™: S$0.32 vs. price of S$1.18 (268.8% above fair value)
Industry Position: 49.4% below the Construction median (#1373 of 1756)
No single metric tells the full story. See the SGX:BBP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hor Kew Corp Ltd is a building construction company that provides construction-related products and services. The company manufactures and supplies prestressed and reinforced concrete building components and prefinished architectural precast components. Its segments include Property investment and development segment that is engaged in the development, sales and leasing of residential, commercial and industrial properties; Prefabrication segment that derives maximum revenue, is engaged in design, manufacture and sales of prestressed and reinforced concrete building components as well as prefabricated architectural metal components and Others segment comprises mainly the Group level corporate services and treasury functions.
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