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China Education Group HoldingsFRA:C3W +3.00%63 Altman Z2-Score is 1.32 as of Jul. 24, 2026, which is 23% below its 10-year median of 1.71. GuruFocus rates FRA:C3W with a GF Score™ of 63/100 and a GF Value™ of €0.54 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 253 Education companies, China Education Group Holdings ranks worse than 67.98% on this metric.
Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
China Education Group Holdings has a Altman Z2-Score of 1.32, indicating it is in Grey Zones. This implies that China Education Group Holdings is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The historical rank and industry rank for China Education Group Holdings's Altman Z2-Score or its related term are showing as below:
FRA:C3W'
s Altman Z2-Score Range Over the Past 10 Years
Min: 1.06 Med: 1.71 Max: 9.38
Current: 1.32
During the past 11 years, China Education Group Holdings's highest Altman Z2-Score was 9.38. The lowest was 1.06. And the median was 1.71.
China Education Group Holdings (FRA:C3W) Altman Z2-Score Explanation
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
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.
* 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.
China Education Group Holdings Altman Z2-Score Chart
FRA:C3W vs EDU, TAL, LAUR: Altman Z2-Score Comparison
For the Education & Training Services subindustry, China Education Group Holdings's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.
China Education Group Holdings Altman Z2-Score vs Education Industry
For the Education industry and Consumer Defensive sector, China Education Group Holdings's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where China Education Group Holdings's Altman Z2-Score falls into.
China Education Group Holdings Altman Z2-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.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
* 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 Z2-Score when X4_2 value is 0.
China Education Group Holdings (FRA:C3W) has a Altman Z2-Score of 1.32 as of Jul. 24, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on China Education Group Holdings and its competitors. This is 23% below median its historical median of 1.71. Over the past decade, China Education Group Holdings' Altman Z2-Score has ranged from 1.06 to 9.38. According to the industry distribution chart, China Education Group Holdings ranks #172 out of 253 companies in the Education industry, placing it in the top 68%.
Is China Education Group Holdings' Altman Z2-Score too high?
China Education Group Holdings' current Altman Z2-Score of 1.32 is 23% below median its 10-year median of 1.71. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 9.38. The Education industry median Altman Z2-Score is 3.08. China Education Group Holdings' value of 1.32 is 57.1% below this industry median. Based on the distribution chart, China Education Group Holdings ranks #172 out of 253 companies in the Education industry, which is below the industry midpoint. Overall, China Education Group Holdings has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does China Education Group Holdings' Altman Z2-Score compare to EDU and TAL?
According to the Education industry distribution chart, China Education Group Holdings ranks #172 out of 253 companies for Altman Z2-Score. This places China Education Group Holdings in the lower half of its industry. The industry median Altman Z2-Score is 3.08. China Education Group Holdings' value of 1.32 is 57.1% below this benchmark. Historically, China Education Group Holdings' own Altman Z2-Score has ranged from 1.06 to 9.38 over the past decade. While the company's 10-year median is 1.71 vs. the industry median of 3.08, China Education Group 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 Z2-Score for an Education company?
The median Altman Z2-Score among Education companies is 3.08, based on 253 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Education Group Holdings's current Altman Z2-Score of 1.32 is 57.1% 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 Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on China Education Group Holdings and its competitors. For the Education industry, the median Altman Z2-Score is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Education Group Holdings's current Altman Z2-Score is 1.32, which is 23% below median its own 10-year median of 1.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Education Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, China Education Group Holdings (FRA:C3W) is currently considered Possible Value Trap. The stock's GF Value™ is €0.54, compared to a current price of €0.21 — trading 61.9% below its estimated fair value. The current Altman Z2-Score is 1.32, which is 23% below median its 10-year median of 1.71 and 57.1% below the Education industry median of 3.08. China Education Group Holdings' overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For China Education Group Holdings (FRA:C3W), the current Altman Z2-Score is 1.32 as of Jul. 24, 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 China Education Group Holdings (FRA:C3W) Overvalued in 2026?
Based on GuruFocus' analysis, China Education Group Holdings stock appears to be undervalued.
The current stock price of €0.21 is trading 61.9% below its estimated GF Value™ of €0.54.
GuruFocus considers China Education Group Holdings to be Possible Value Trap.
Key valuation signals for FRA:C3W:
Altman Z2-Score: 1.32 (23% below median its 10-year median of 1.71)
GF Value™: €0.54 vs. price of €0.21 (61.9% below fair value)
Industry Position: 57.1% below the Education median (#172 of 253)
No single metric tells the full story. See the FRA:C3W stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Education Group Holdings Business Description
China Education Group Holdings Ltd is a ultra-large-scale private education group in China with 30 years of experience in higher education operations. CEG's schools offer both higher vocational education and secondary vocational education. The school network spans domestic China and overseas. CEG's full-time student enrollment was about 270,000 as of August 2024.
63GF Score
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