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Lemo Services CoHKSE:02539 +3.20%23 Altman Z2-Score is 6.48 as of Jul. 21, 2026, which is 161% above its 10-year median of 2.48. GuruFocus rates HKSE:02539 with a GF Score™ of 23/100. The stock has 1 warning sign investors should review. Among 94 Personal Services companies, Lemo Services Co ranks better than 85.11% 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.
Good Sign:
Lemo Services Co has a Altman Z2-Score of 6.48, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.
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 Lemo Services Co's Altman Z2-Score or its related term are showing as below:
HKSE:02539'
s Altman Z2-Score Range Over the Past 10 Years
Min: 0.54 Med: 2.48 Max: 6.48
Current: 6.48
During the past 4 years, Lemo Services Co's highest Altman Z2-Score was 6.48. The lowest was 0.54. And the median was 2.48.
Lemo Services Co (HKSE:02539) 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.
Altman Z2-Score does not apply to financial companies.
Lemo Services Co Altman Z2-Score Related Terms
Lemo Services Co Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Lemo Services Co's Altman Z2-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.
Lemo Services Co Altman Z2-Score Chart
Lemo Services Co Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Altman Z2-Score
0.54
2.45
2.50
6.48
Lemo Services Co Semi-Annual Data
Dec22
Dec23
Dec24
Dec25
Altman Z2-Score
0.54
2.45
2.50
6.48
HKSE:02539 vs ROL, SCI, FTDR: Altman Z2-Score Comparison
For the Personal Services subindustry, Lemo Services Co'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.
Lemo Services Co Altman Z2-Score vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Lemo Services Co's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Lemo Services Co's Altman Z2-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.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
Lemo Services Co's Altman Z2-Score for today is calculated with this formula:
Z
=
6.56
*
X1
+
3.26
*
X2
+
6.72
*
X3
+
1.05
*
X4_2
=
6.56
*
0.3956
+
3.26
*
0.1106
+
6.72
*
0.1594
+
1.05
*
2.3346
=
6.48
* 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.
Lemo Services Co (HKSE:02539) has a Altman Z2-Score of 6.48 as of Jul. 21, 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 Lemo Services Co and its competitors. This is 161% above median its historical median of 2.48. Over the past decade, Lemo Services Co's Altman Z2-Score has ranged from 0.54 to 6.48. According to the industry distribution chart, Lemo Services Co ranks #14 out of 94 companies in the Personal Services industry, placing it in the top 14.9%.
Is Lemo Services Co's Altman Z2-Score too high?
Lemo Services Co's current Altman Z2-Score of 6.48 is 161% above median its 10-year median of 2.48. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 6.48. The Personal Services industry median Altman Z2-Score is 1.97. Lemo Services Co's value of 6.48 is 229.8% above this industry median. Based on the distribution chart, Lemo Services Co ranks #14 out of 94 companies in the Personal Services industry, which is in the top quartile — a strong position relative to peers. Overall, Lemo Services Co has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Lemo Services Co's Altman Z2-Score compare to ROL and SCI?
According to the Personal Services industry distribution chart, Lemo Services Co ranks #14 out of 94 companies for Altman Z2-Score. This places Lemo Services Co in the top 15% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 1.97. Lemo Services Co's value of 6.48 is 229.8% above this benchmark. Historically, Lemo Services Co's own Altman Z2-Score has ranged from 0.54 to 6.48 over the past decade. While the company's 10-year median is 2.48 vs. the industry median of 1.97, Lemo Services Co 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 Z2-Score for a Personal Services company?
The median Altman Z2-Score among Personal Services companies is 1.97, based on 94 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. Lemo Services Co's current Altman Z2-Score of 6.48 is 229.8% 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 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 Lemo Services Co and its competitors. For the Personal Services industry, the median Altman Z2-Score is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lemo Services Co's current Altman Z2-Score is 6.48, which is 161% above median its own 10-year median of 2.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lemo Services Co stock overvalued right now?
Lemo Services Co (HKSE:02539) has a current Altman Z2-Score of 6.48. The current Altman Z2-Score is 6.48, which is 161% above median its 10-year median of 2.48 and 229.8% above the Personal Services industry median of 1.97. Lemo Services Co's overall GF Score™ is 23/100 with 1 warning sign 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 Lemo Services Co (HKSE:02539), the current Altman Z2-Score is 6.48 as of Jul. 21, 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.
Lemo Services Co Ltd provides massage services performed by its mechanical massage equipment stationed at various points of service in public venues of high foot traffic across China. its segments are comprising Mechanical massage service under Direct Mode, which generates maximum revenue and engages in providing mechanical massage service to customers through its massage equipment located at the POS operated by the Group itself; Mechanical massage POS operation support services under Partner Mode, which engages in providing mechanical massage POS operation support services to Local Partners; and Others, which mainly engages in sales of household massage equipment and massage accessories, The Company generates maximum revenue from Chinese Mainland.
23GF Score
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