Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Ming Fai International HoldingsMFAIF 54 Altman Z2-Score is 5.11 as of Aug. 28, 2026, which is 6% above its 10-year median of 4.80. GuruFocus rates MFAIF with a GF Score™ of 54/100 and a GF Value™ of $0.12 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,764 Consumer Packaged Goods companies, Ming Fai International Holdings ranks better than 63.89% 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:
Ming Fai International Holdings has a Altman Z2-Score of 5.11, 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 Ming Fai International Holdings's Altman Z2-Score or its related term are showing as below:
MFAIF'
s Altman Z2-Score Range Over the Past 10 Years
Min: 4.18 Med: 4.8 Max: 5.24
Current: 5.11
During the past 13 years, Ming Fai International Holdings's highest Altman Z2-Score was 5.24. The lowest was 4.18. And the median was 4.80.
Ming Fai International Holdings (OTCPK:MFAIF) 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.
Ming Fai International Holdings Altman Z2-Score Chart
For the Household & Personal Products subindustry, Ming Fai International 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.
Ming Fai International Holdings Altman Z2-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Ming Fai International Holdings's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Ming Fai International Holdings's Altman Z2-Score falls into.
Ming Fai International 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.
Ming Fai International Holdings (MFAIF) has a Altman Z2-Score of 5.11 as of Aug. 28, 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 Ming Fai International Holdings and its competitors. This is near median its historical median of 4.80. Over the past decade, Ming Fai International Holdings' Altman Z2-Score has ranged from 4.18 to 5.24. According to the industry distribution chart, Ming Fai International Holdings ranks #637 out of 1764 companies in the Consumer Packaged Goods industry, placing it in the top 36.1%.
Is Ming Fai International Holdings' Altman Z2-Score too high?
Ming Fai International Holdings' current Altman Z2-Score of 5.11 is near median its 10-year median of 4.80. Over the past 10 years, this metric has ranged from a low of 4.18 to a high of 5.24. The Consumer Packaged Goods industry median Altman Z2-Score is 3.69. Ming Fai International Holdings' value of 5.11 is 38.7% above this industry median. Based on the distribution chart, Ming Fai International Holdings ranks #637 out of 1764 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Ming Fai International Holdings has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ming Fai International Holdings' Altman Z2-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Ming Fai International Holdings ranks #637 out of 1764 companies for Altman Z2-Score. This puts Ming Fai International Holdings in the upper half of its industry. The industry median Altman Z2-Score is 3.69. Ming Fai International Holdings' value of 5.11 is 38.7% above this benchmark. Historically, Ming Fai International Holdings' own Altman Z2-Score has ranged from 4.18 to 5.24 over the past decade. While the company's 10-year median is 4.80 vs. the industry median of 3.69, Ming Fai International Holdings 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 Consumer Packaged Goods company?
The median Altman Z2-Score among Consumer Packaged Goods companies is 3.69, based on 1,764 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. Ming Fai International Holdings's current Altman Z2-Score of 5.11 is 38.7% 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 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 Ming Fai International Holdings and its competitors. For the Consumer Packaged Goods industry, the median Altman Z2-Score is 3.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ming Fai International Holdings's current Altman Z2-Score is 5.11, which is near median its own 10-year median of 4.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ming Fai International Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ming Fai International Holdings (MFAIF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.12, compared to a current price of $0.10 — trading 16.7% below its estimated fair value. The current Altman Z2-Score is 5.11, which is near median its 10-year median of 4.80 and 38.7% above the Consumer Packaged Goods industry median of 3.69. Ming Fai International Holdings' overall GF Score™ is 54/100 with 3 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 Ming Fai International Holdings (MFAIF), the current Altman Z2-Score is 5.11 as of Aug. 28, 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 Ming Fai International Holdings (MFAIF) Overvalued in 2026?
Based on GuruFocus' analysis, Ming Fai International Holdings stock appears to be undervalued.
The current stock price of $0.10 is trading 16.7% below its estimated GF Value™ of $0.12.
GuruFocus considers Ming Fai International Holdings to be Modestly Undervalued.
Key valuation signals for MFAIF:
Altman Z2-Score: 5.11 (near median its 10-year median of 4.80)
GF Value™: $0.12 vs. price of $0.10 (16.7% below fair value)
Industry Position: 38.7% above the Consumer Packaged Goods median (#637 of 1764)
No single metric tells the full story. See the MFAIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ming Fai International Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of hospitality supplies products (Hospitality Supplies Business), trading of operating supplies and equipment (OS&E Business), and manufacturing and trading of health care and hygienic products (Health Care and Hygienic Products Business). Its products include Acrylic Hotel Supplies, Bath Mats, Portable Cables, umbrellas, Compact mirrors, Bath products, and others. The group has a business presence in North America, Europe, the PRC, Hong Kong, and others.
54GF Score
Get the complete analysis for MFAIF
Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MFAIF has been successfully added to your 
