Hoang Anh Gia Lai JSCSTC:HAG +1.03%73 Altman Z-Score is 1.97 as of Jul. 13, 2026, which is 535% above its 10-year median of 0.31. GuruFocus rates STC:HAG with a GF Score™ of 73/100 and a GF Value™ of ₫14,561.70 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,734 Real Estate companies, Hoang Anh Gia Lai JSC ranks better than 69.38% 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 1.97 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.
Hoang Anh Gia Lai JSC has a Altman Z-Score of 1.97, indicating it is in Grey Zones. This implies that Hoang Anh Gia Lai JSC 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 Hoang Anh Gia Lai JSC's Altman Z-Score or its related term are showing as below:
STC:HAG'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.48 Med: 0.31 Max: 2.1
Current: 1.97
During the past 13 years, Hoang Anh Gia Lai JSC's highest Altman Z-Score was 2.10. The lowest was -0.48. And the median was 0.31.
Hoang Anh Gia Lai JSC (STC:HAG) 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.
Hoang Anh Gia Lai JSC Altman Z-Score Related Terms
Hoang Anh Gia Lai JSC Altman Z-Score Historical Data
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The historical data trend for Hoang Anh Gia Lai JSC'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.
Hoang Anh Gia Lai JSC Altman Z-Score Competitor Comparison
For the Real Estate - Diversified subindustry, Hoang Anh Gia Lai JSC'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.
Hoang Anh Gia Lai JSC Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Hoang Anh Gia Lai JSC's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Hoang Anh Gia Lai JSC'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.
* 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.
Hoang Anh Gia Lai JSC (STC:HAG) has a Altman Z-Score of 1.97 as of Jul. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hoang Anh Gia Lai JSC and its competitors. This is 535% above median its historical median of 0.31. According to the industry distribution chart, Hoang Anh Gia Lai JSC ranks #531 out of 1734 companies in the Real Estate industry, placing it in the top 30.6%.
Is Hoang Anh Gia Lai JSC's Altman Z-Score too high?
Hoang Anh Gia Lai JSC's current Altman Z-Score of 1.97 is 535% above median its 10-year median of 0.31. The Real Estate industry median Altman Z-Score is 1.31. Hoang Anh Gia Lai JSC's value of 1.97 is 50.4% above this industry median. Based on the distribution chart, Hoang Anh Gia Lai JSC ranks #531 out of 1734 companies in the Real Estate industry, which is above the industry midpoint. Overall, Hoang Anh Gia Lai JSC has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hoang Anh Gia Lai JSC's Altman Z-Score compare to competitors?
According to the Real Estate industry distribution chart, Hoang Anh Gia Lai JSC ranks #531 out of 1734 companies for Altman Z-Score. This puts Hoang Anh Gia Lai JSC in the upper half of its industry. The industry median Altman Z-Score is 1.31. Hoang Anh Gia Lai JSC's value of 1.97 is 50.4% above this benchmark. While the company's 10-year median is 0.31 vs. the industry median of 1.31, Hoang Anh Gia Lai JSC 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.31, based on 1,734 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. Hoang Anh Gia Lai JSC's current Altman Z-Score of 1.97 is 50.4% 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 Hoang Anh Gia Lai JSC and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hoang Anh Gia Lai JSC's current Altman Z-Score is 1.97, which is 535% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hoang Anh Gia Lai JSC stock overvalued right now?
Based on GuruFocus' analysis, Hoang Anh Gia Lai JSC (STC:HAG) is currently considered Fairly Valued. The stock's GF Value™ is ₫14,561.70, compared to a current price of ₫14,650.00 — trading 0.6% above its estimated fair value. The current Altman Z-Score is 1.97, which is 535% above median its 10-year median of 0.31 and 50.4% above the Real Estate industry median of 1.31. Hoang Anh Gia Lai JSC's overall GF Score™ is 73/100 with 2 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 Hoang Anh Gia Lai JSC (STC:HAG), the current Altman Z-Score is 1.97 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 Hoang Anh Gia Lai JSC (STC:HAG) Overvalued in 2026?
Based on GuruFocus' analysis, Hoang Anh Gia Lai JSC stock appears to be overvalued.
The current stock price of ₫14,650.00 is trading 0.6% above its estimated GF Value™ of ₫14,561.70.
GuruFocus considers Hoang Anh Gia Lai JSC to be Fairly Valued.
Key valuation signals for STC:HAG:
Altman Z-Score: 1.97 (535% above median its 10-year median of 0.31)
GF Value™: ₫14,561.70 vs. price of ₫14,650.00 (0.6% above fair value)
Industry Position: 50.4% above the Real Estate median (#531 of 1734)
No single metric tells the full story. See the STC:HAG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hoang Anh Gia Lai JSC is a Vietnam-based company engaged in the development, sale, and lease of residential and commercial properties. It develops, rents, and trades in real estate, including the construction of headquarters, office buildings, amongst others. The group is organised into seven business segments namely, Real Estate, Production, Trading and Services, Construction, Power, Mining, and Agriculture. It also has presence in sport and entertainment industries. Other activities include forestation, rubber cultivation and latex processing, electricity generation and distribution, as well as the provision of hotel and resort services.
73GF Score
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