Metro HoldingsSGX:M01 +2.15%36 Altman Z-Score is 0.34 as of Jul. 13, 2026, which is 61% below its 10-year median of 0.87. GuruFocus rates SGX:M01 with a GF Score™ of 36/100 and a GF Value™ of S$0.42 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,113 Retail - Cyclical companies, Metro Holdings ranks worse than 90.39% 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 0.34 is in distress zone. This implies bankruptcy possibility in the next two years.
Metro Holdings has a Altman Z-Score of 0.34, 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 Metro Holdings's Altman Z-Score or its related term are showing as below:
SGX:M01'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.26 Med: 0.87 Max: 3.33
Current: 0.34
During the past 13 years, Metro Holdings's highest Altman Z-Score was 3.33. The lowest was 0.26. And the median was 0.87.
Metro Holdings (SGX:M01) 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.
Metro Holdings Altman Z-Score Related Terms
Metro Holdings Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Metro 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.
For the Department Stores subindustry, Metro 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.
Metro Holdings Altman Z-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Metro Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Metro 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.
Metro 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
*
0.2841
+
1.4
*
0
+
3.3
*
-0.1001
+
0.6
*
0.4595
+
1.0
*
0.0542
=
0.34
* 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.
Metro Holdings (SGX:M01) has a Altman Z-Score of 0.34 as of Jul. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Metro Holdings and its competitors. This is 61% below median its historical median of 0.87. Over the past decade, Metro Holdings' Altman Z-Score has ranged from 0.26 to 3.33. According to the industry distribution chart, Metro Holdings ranks #1006 out of 1113 companies in the Retail - Cyclical industry, placing it in the top 90.4%.
Is Metro Holdings' Altman Z-Score too high?
Metro Holdings' current Altman Z-Score of 0.34 is 61% below median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 3.33. The Retail - Cyclical industry median Altman Z-Score is 2.75. Metro Holdings' value of 0.34 is 87.6% below this industry median. Based on the distribution chart, Metro Holdings ranks #1006 out of 1113 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Metro Holdings has a GF Score™ of 36/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Metro Holdings' Altman Z-Score compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Metro Holdings ranks #1006 out of 1113 companies for Altman Z-Score. This places Metro Holdings in the lower half of its industry. The industry median Altman Z-Score is 2.75. Metro Holdings' value of 0.34 is 87.6% below this benchmark. Historically, Metro Holdings' own Altman Z-Score has ranged from 0.26 to 3.33 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 2.75, Metro Holdings 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 Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.75, based on 1,113 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. Metro Holdings's current Altman Z-Score of 0.34 is 87.6% 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 Metro Holdings and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Metro Holdings's current Altman Z-Score is 0.34, which is 61% below median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Metro Holdings stock overvalued right now?
Based on GuruFocus' analysis, Metro Holdings (SGX:M01) is currently considered Modestly Overvalued. The stock's GF Value™ is S$0.42, compared to a current price of S$0.48 — trading 13.1% above its estimated fair value. The current Altman Z-Score is 0.34, which is 61% below median its 10-year median of 0.87 and 87.6% below the Retail - Cyclical industry median of 2.75. Metro Holdings' overall GF Score™ is 36/100 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 Metro Holdings (SGX:M01), the current Altman Z-Score is 0.34 as of Jul. 13, 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 Metro Holdings (SGX:M01) Overvalued in 2026?
Based on GuruFocus' analysis, Metro Holdings stock appears to be overvalued.
The current stock price of S$0.48 is trading 13.1% above its estimated GF Value™ of S$0.42.
GuruFocus considers Metro Holdings to be Modestly Overvalued.
Key valuation signals for SGX:M01:
Altman Z-Score: 0.34 (61% below median its 10-year median of 0.87)
GF Value™: S$0.42 vs. price of S$0.48 (13.1% above fair value)
Industry Position: 87.6% below the Retail - Cyclical median (#1006 of 1113)
No single metric tells the full story. See the SGX:M01 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Metro Holdings Ltd is a management, property investment, and holding company. The company's business segments are Property investment and development, and Retail. Maximum revenue is generated from its Retail segment which is involved in the business of retailing and operating department stores. The Property segment is involved in the leasing of shopping and office spaces owned by the group and investing in property-related investments. The company has a presence in Singapore, China, Indonesia, the UK, and Australia. Geographically it derives key revenue from Singapore and the rest from Indonesia, and China.
36GF Score
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