Southern Publishing and Media Co (SHSE:601900) Altman Z2-Score: 3.50 (As of Jul. 14, 2026) — Near Median

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SHSE:601900 Southern Publishing and Media Co Ltd SHSE:601900
82 GF Score
Price ¥11.46
GF Value ¥13.55
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Southern Publishing and Media Co Altman Z2-Score?

Southern Publishing and Media Co SHSE:601900 +1.33% 82 Altman Z2-Score is 3.50 as of Jul. 14, 2026, which is 5% above its 10-year median of 3.32. GuruFocus rates SHSE:601900 with a GF Score™ of 82/100 and a GF Value™ of ¥13.55 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,019 Media - Diversified companies, Southern Publishing and Media Co ranks better than 56.43% 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:

Southern Publishing and Media Co has a Altman Z2-Score of 3.50, 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 Southern Publishing and Media Co's Altman Z2-Score or its related term are showing as below:

SHSE:601900' s Altman Z2-Score Range Over the Past 10 Years
Min: 2.6   Med: 3.32   Max: 3.81
Current: 3.5

During the past 13 years, Southern Publishing and Media Co's highest Altman Z2-Score was 3.81. The lowest was 2.60. And the median was 3.32.


Southern Publishing and Media Co  (SHSE:601900) 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.

X4_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


Southern Publishing and Media Co Altman Z2-Score Related Terms


Southern Publishing and Media Co Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Southern Publishing and Media 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.

Southern Publishing and Media Co Altman Z2-Score Chart

Southern Publishing and Media Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.70 3.67 3.51 3.32 3.51

Southern Publishing and Media Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.37 3.47 3.30 3.51 3.50

SHSE:601900 vs NYT, WLY: Altman Z2-Score Comparison

For the Publishing subindustry, Southern Publishing and Media 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.


Southern Publishing and Media Co Altman Z2-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Southern Publishing and Media Co's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Southern Publishing and Media Co's Altman Z2-Score falls into.


SHSE:601900
82GF Score
Southern Publishing and Media Co Ltd SHSE:601900
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Southern Publishing and Media Co 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.

Southern Publishing and Media 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*0.1103+3.26*0.3792+6.72*0.0671+1.05*1.0355
=3.50

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ¥18,751 Mil.
Total Current Assets was ¥9,260 Mil.
Total Current Liabilities was ¥7,191 Mil.
Retained Earnings was ¥7,109 Mil.
Pre-Tax Income was 346.553 + 257.735 + 440.143 + 191.696 = ¥1,236 Mil.
Interest Expense was -6.6 + -6.433 + -5.609 + -3.773 = ¥-22 Mil.
Total Liabilities was ¥8,821 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(9259.661 - 7191.188)/18751.007
=0.1103

X2=Retained Earnings/Total Assets
=7109.468/18751.007
=0.3792

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1236.127 - -22.415)/18751.007
=0.0671

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(9133.902 - 0)/8820.708
=1.0355

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

Southern Publishing and Media Co has a Altman Z2-Score of 3.50 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 3.50 mean?
Southern Publishing and Media Co (SHSE:601900) has a Altman Z2-Score of 3.50 as of Jul. 14, 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 Southern Publishing and Media Co and its competitors. This is near median its historical median of 3.32. Over the past decade, Southern Publishing and Media Co's Altman Z2-Score has ranged from 2.60 to 3.81. According to the industry distribution chart, Southern Publishing and Media Co ranks #444 out of 1019 companies in the Media - Diversified industry, placing it in the top 43.6%.
Is Southern Publishing and Media Co's Altman Z2-Score too high?
Southern Publishing and Media Co's current Altman Z2-Score of 3.50 is near median its 10-year median of 3.32. Over the past 10 years, this metric has ranged from a low of 2.60 to a high of 3.81. The Media - Diversified industry median Altman Z2-Score is 2.54. Southern Publishing and Media Co's value of 3.50 is 37.8% above this industry median. Based on the distribution chart, Southern Publishing and Media Co ranks #444 out of 1019 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Southern Publishing and Media Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Southern Publishing and Media Co's Altman Z2-Score compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Southern Publishing and Media Co ranks #444 out of 1019 companies for Altman Z2-Score. This puts Southern Publishing and Media Co in the upper half of its industry. The industry median Altman Z2-Score is 2.54. Southern Publishing and Media Co's value of 3.50 is 37.8% above this benchmark. Historically, Southern Publishing and Media Co's own Altman Z2-Score has ranged from 2.60 to 3.81 over the past decade. While the company's 10-year median is 3.32 vs. the industry median of 2.54, Southern Publishing and Media 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 Media - Diversified company?
The median Altman Z2-Score among Media - Diversified companies is 2.54, based on 1,019 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. Southern Publishing and Media Co's current Altman Z2-Score of 3.50 is 37.8% 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 Southern Publishing and Media Co and its competitors. For the Media - Diversified industry, the median Altman Z2-Score is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southern Publishing and Media Co's current Altman Z2-Score is 3.50, which is near median its own 10-year median of 3.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Publishing and Media Co stock overvalued right now?
Based on GuruFocus' analysis, Southern Publishing and Media Co (SHSE:601900) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥13.55, compared to a current price of ¥11.46 — trading 15.4% below its estimated fair value. The current Altman Z2-Score is 3.50, which is near median its 10-year median of 3.32 and 37.8% above the Media - Diversified industry median of 2.54. Southern Publishing and Media Co's overall GF Score™ is 82/100 with 5 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 Southern Publishing and Media Co (SHSE:601900), the current Altman Z2-Score is 3.50 as of Jul. 14, 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 Southern Publishing and Media Co (SHSE:601900) Overvalued in 2026?

Based on GuruFocus' analysis, Southern Publishing and Media Co stock appears to be undervalued. The current stock price of ¥11.46 is trading 15.4% below its estimated GF Value™ of ¥13.55. GuruFocus considers Southern Publishing and Media Co to be Modestly Undervalued.

Key valuation signals for SHSE:601900:

  • Altman Z2-Score: 3.50 (near median its 10-year median of 3.32)
  • GF Value™: ¥13.55 vs. price of ¥11.46 (15.4% below fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 37.8% above the Media - Diversified median (#444 of 1019)

No single metric tells the full story. See the SHSE:601900 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Southern Publishing and Media Co Business Description

Address Huanshi East Road, 11th Floor, No. 472, Yuexiu District, Guangdong Province, Guangzhou, CHN, 510075
Southern Publishing and Media Co Ltd is a publishing company. The company operates as editors, publisher, distributor, wholesaler and retailer books, newspapers, audio-visual products, electronic publications, online books, framework media and other media products, newspapers and periodicals, packaging and decoration printing, printing materials sales, publications import and export.
82GF Score

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Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥11.46
Price
¥13.55
GF Value