VGES (Vanguard Green Investment) Altman Z2-Score: -844.88 (As of Jul. 06, 2026)


VGES Vanguard Green Investment Ltd VGES
31 GF Score
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! 2 Warning Signs
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What is Vanguard Green Investment Altman Z2-Score?

Vanguard Green Investment VGES 31 Altman Z2-Score is -844.88 as of Jul. 06, 2026. GuruFocus rates VGES with a GF Score™ of 31/100. The stock has 2 warning signs investors should review.

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.

Warning Sign:

Vanguard Green Investment has a Altman Z2-Score of -844.88, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Vanguard Green Investment's Altman Z2-Score or its related term are showing as below:

VGES' s Altman Z2-Score Range Over the Past 10 Years
Min: -6187.73   Med: -152.26   Max: -0.89
Current: -844.88

During the past 8 years, Vanguard Green Investment's highest Altman Z2-Score was -0.89. The lowest was -6187.73. And the median was -152.26.


Vanguard Green Investment  (OTCPK:VGES) 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.


Vanguard Green Investment Altman Z2-Score Related Terms


Vanguard Green Investment Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Vanguard Green Investment'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.

Vanguard Green Investment Altman Z2-Score Chart

Vanguard Green Investment Annual Data
Trend Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Altman Z2-Score
Get a 7-Day Free Trial -24.54 -152.26 -450.49 -666.09 -888.50

Vanguard Green Investment Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 -6,187.73 -888.50 -1,354.22 -2,804.95 -844.88

VGES vs EVTK, DROR, CLIK: Altman Z2-Score Comparison

For the Personal Services subindustry, Vanguard Green Investment'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.


Vanguard Green Investment Altman Z2-Score vs Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Vanguard Green Investment's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Vanguard Green Investment's Altman Z2-Score falls into.


VGES
31GF Score
Vanguard Green Investment Ltd VGES
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Vanguard Green Investment 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.

Vanguard Green Investment'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*-46.1176+3.26*-154.5294+6.72*-5.5882+1.05*-0.9802
=-844.88

* 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 Apr. 2026:
Total Assets was $0.02 Mil.
Total Current Assets was $0.02 Mil.
Total Current Liabilities was $0.80 Mil.
Retained Earnings was $-2.63 Mil.
Pre-Tax Income was -0.019 + -0.03 + -0.017 + -0.037 = $-0.10 Mil.
Interest Expense was -0.001 + -0.002 + -0.002 + -0.003 = $-0.01 Mil.
Total Liabilities was $0.81 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
=(0.017 - 0.801)/0.017
=-46.1176

X2=Retained Earnings/Total Assets
=-2.627/0.017
=-154.5294

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-0.103 - -0.008)/0.017
=-5.5882

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(-0.791 - 0)/0.807
=-0.9802

The zones of discrimination were as such:

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

Vanguard Green Investment has a Altman Z2-Score of -844.88 indicating it is in Distress Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of -844.88 mean?
Vanguard Green Investment (VGES) has a Altman Z2-Score of -844.88 as of Jul. 06, 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 Vanguard Green Investment and its competitors.
Is Vanguard Green Investment's Altman Z2-Score too high?
Vanguard Green Investment's current Altman Z2-Score is -844.88. Overall, Vanguard Green Investment has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Vanguard Green Investment's Altman Z2-Score compare to EVTK and DROR?
Vanguard Green Investment's Altman Z2-Score of -844.88 can be compared against companies in the Personal Services industry. The industry median Altman Z2-Score is 1.98. 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 1.98, based on 95 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. 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 Vanguard Green Investment and its competitors. For the Personal Services industry, the median Altman Z2-Score is 1.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vanguard Green Investment's current Altman Z2-Score is -844.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vanguard Green Investment stock overvalued right now?
Vanguard Green Investment (VGES) has a current Altman Z2-Score of -844.88. The current Altman Z2-Score is -844.88. Vanguard Green Investment's overall GF Score™ is 31/100 with 2 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 Vanguard Green Investment (VGES), the current Altman Z2-Score is -844.88 as of Jul. 06, 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.

Vanguard Green Investment Business Description

Address Jianguo North Road, Lane 258, 4th Floor, No. 33, Section 2, Zhongshan District, Taipei, TWN, 104482
Vanguard Green Investment Ltd is a beauty and wellness company, providing SPA and wellness service and also Spa related products to the customers. The services provided are designed to improve the overall health system and body function. It operates in the Chinese market with three business models namely Tripartite co-operation and profit-sharing model (deployment of stone spa bed & franchise); Large-scale chain agent model (deployment of stone spa bed); and Direct- service store model. The company has geographical segments in Nevada, Seychelles, and Hong Kong.
31GF Score

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

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