Partners Group Holding AGXSWX:PGHN -0.50%75 Altman Z-Score is 3.99 as of Jul. 05, 2026, which is 63% below its 10-year median of 10.72. GuruFocus rates XSWX:PGHN with a GF Score™ of 75/100 and a GF Value™ of CHF1,366.02 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 649 Asset Management companies, Partners Group Holding AG ranks better than 53.47% 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 3.99 is strong.
Partners Group Holding AG has a Altman Z-Score of 3.99, 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 Partners Group Holding AG's Altman Z-Score or its related term are showing as below:
XSWX:PGHN'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.99 Med: 10.72 Max: 21.79
Current: 3.99
During the past 13 years, Partners Group Holding AG's highest Altman Z-Score was 21.79. The lowest was 3.99. And the median was 10.72.
Partners Group Holding AG (XSWX:PGHN) 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.
* 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.
XSWX:PGHN vs BLK, BX, KKR: Altman Z-Score Comparison
For the Asset Management subindustry, Partners Group Holding AG'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.
Partners Group Holding AG Altman Z-Score vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Partners Group Holding AG's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Partners Group Holding AG's Altman Z-Score falls into.
Partners Group Holding AG Altman Z-Score Calculation
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.
Partners Group Holding AG (XSWX:PGHN) has a Altman Z-Score of 3.99 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Partners Group Holding AG and its competitors. This is 63% below median its historical median of 10.72. Over the past decade, Partners Group Holding AG's Altman Z-Score has ranged from 3.99 to 21.79. According to the industry distribution chart, Partners Group Holding AG ranks #302 out of 649 companies in the Asset Management industry, placing it in the top 46.5%.
Is Partners Group Holding AG's Altman Z-Score too high?
Partners Group Holding AG's current Altman Z-Score of 3.99 is 63% below median its 10-year median of 10.72. Over the past 10 years, this metric has ranged from a low of 3.99 to a high of 21.79. The Asset Management industry median Altman Z-Score is 3.48. Partners Group Holding AG's value of 3.99 is 14.7% above this industry median. Based on the distribution chart, Partners Group Holding AG ranks #302 out of 649 companies in the Asset Management industry, which is above the industry midpoint. Overall, Partners Group Holding AG has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Partners Group Holding AG's Altman Z-Score compare to BLK and BX?
According to the Asset Management industry distribution chart, Partners Group Holding AG ranks #302 out of 649 companies for Altman Z-Score. This puts Partners Group Holding AG in the upper half of its industry. The industry median Altman Z-Score is 3.48. Partners Group Holding AG's value of 3.99 is 14.7% above this benchmark. Historically, Partners Group Holding AG's own Altman Z-Score has ranged from 3.99 to 21.79 over the past decade. While the company's 10-year median is 10.72 vs. the industry median of 3.48, Partners Group Holding AG 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 an Asset Management company?
The median Altman Z-Score among Asset Management companies is 3.48, based on 649 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. Partners Group Holding AG's current Altman Z-Score of 3.99 is 14.7% 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 Partners Group Holding AG and its competitors. For the Asset Management industry, the median Altman Z-Score is 3.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Partners Group Holding AG's current Altman Z-Score is 3.99, which is 63% below median its own 10-year median of 10.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Partners Group Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Partners Group Holding AG (XSWX:PGHN) is currently considered Significantly Undervalued. The stock's GF Value™ is CHF1,366.02, compared to a current price of CHF678.20 — trading 50.4% below its estimated fair value. The current Altman Z-Score is 3.99, which is 63% below median its 10-year median of 10.72 and 14.7% above the Asset Management industry median of 3.48. Partners Group Holding AG's overall GF Score™ is 75/100 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 Partners Group Holding AG (XSWX:PGHN), the current Altman Z-Score is 3.99 as of Jul. 05, 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 Partners Group Holding AG (XSWX:PGHN) Overvalued in 2026?
Based on GuruFocus' analysis, Partners Group Holding AG stock appears to be undervalued.
The current stock price of CHF678.20 is trading 50.4% below its estimated GF Value™ of CHF1,366.02.
GuruFocus considers Partners Group Holding AG to be Significantly Undervalued.
Key valuation signals for XSWX:PGHN:
Altman Z-Score: 3.99 (63% below median its 10-year median of 10.72)
GF Value™: CHF1,366.02 vs. price of CHF678.20 (50.4% below fair value)
Industry Position: 14.7% above the Asset Management median (#302 of 649)
No single metric tells the full story. See the XSWX:PGHN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Partners Group is a Swiss-based global alternative asset manager founded in 1996. It manages funds invested in private equity, private credit, real estate, and infrastructure. Most of Partners Group's assets are invested in Europe and the Americas, with a smaller exposure to Asia and the Middle East. Partners Group operates a differentiated business model, offering bespoke client solutions through diversified portfolios tailored to each client individually, semiliquid open-ended funds, alongside traditional closed-end funds.
75GF Score
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