Shine JusticeASX:SHJ -2.61%49 Altman Z-Score is 1.40 as of Jun. 27, 2026, which is 20% below its 10-year median of 1.76. GuruFocus rates ASX:SHJ with a GF Score™ of 49/100 and a GF Value™ of A$0.73 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 96 Personal Services companies, Shine Justice ranks worse than 65.63% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Warning Sign:
Altman Z-score of 1.38 is in distress zone. This implies bankruptcy possibility in the next two years.
Shine Justice has a Altman Z-Score of 1.40, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Shine Justice's Altman Z-Score or its related term are showing as below:
ASX:SHJ'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.33 Med: 1.76 Max: 2.36
Current: 1.38
During the past 13 years, Shine Justice's highest Altman Z-Score was 2.36. The lowest was 1.33. And the median was 1.76.
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, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
Shine Justice Altman Z-Score Related Terms
Shine Justice Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Shine Justice's Altman Z-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.
ASX:SHJ vs ROL, SCI, HRB: Altman Z-Score Comparison
For the Personal Services subindustry, Shine Justice's Altman Z-Score, along with its competitors' market caps and Altman Z-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.
Shine Justice Altman Z-Score vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Shine Justice's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Shine Justice's Altman Z-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.
Shine Justice's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.2049
+
1.4
*
0.3669
+
3.3
*
0.0211
+
0.6
*
0.3517
+
1.0
*
0.3552
=
1.40
* 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 Z-Score when X4 or X5 value is 0.
Shine Justice (ASX:SHJ) has a Altman Z-Score of 1.40 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Shine Justice and its competitors. This is 20% below median its historical median of 1.76. Over the past decade, Shine Justice's Altman Z-Score has ranged from 1.33 to 2.36. According to the industry distribution chart, Shine Justice ranks #63 out of 96 companies in the Personal Services industry, placing it in the top 65.6%.
Is Shine Justice's Altman Z-Score too high?
Shine Justice's current Altman Z-Score of 1.40 is 20% below median its 10-year median of 1.76. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 2.36. The Personal Services industry median Altman Z-Score is 1.98. Shine Justice's value of 1.40 is 29.3% below this industry median. Based on the distribution chart, Shine Justice ranks #63 out of 96 companies in the Personal Services industry, which is below the industry midpoint. Overall, Shine Justice has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shine Justice's Altman Z-Score compare to ROL and SCI?
According to the Personal Services industry distribution chart, Shine Justice ranks #63 out of 96 companies for Altman Z-Score. This places Shine Justice in the lower half of its industry. The industry median Altman Z-Score is 1.98. Shine Justice's value of 1.40 is 29.3% below this benchmark. Historically, Shine Justice's own Altman Z-Score has ranged from 1.33 to 2.36 over the past decade. While the company's 10-year median is 1.76 vs. the industry median of 1.98, Shine Justice 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 Z-Score for a Personal Services company?
The median Altman Z-Score among Personal Services companies is 1.98, based on 96 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Shine Justice's current Altman Z-Score of 1.40 is 29.3% 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Shine Justice and its competitors. For the Personal Services industry, the median Altman Z-Score is 1.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shine Justice's current Altman Z-Score is 1.40, which is 20% below median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shine Justice stock overvalued right now?
Based on GuruFocus' analysis, Shine Justice (ASX:SHJ) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.73, compared to a current price of A$0.65 — trading 10.6% below its estimated fair value. The current Altman Z-Score is 1.40, which is 20% below median its 10-year median of 1.76 and 29.3% below the Personal Services industry median of 1.98. Shine Justice's overall GF Score™ is 49/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Shine Justice (ASX:SHJ), the current Altman Z-Score is 1.40 as of Jun. 27, 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 Shine Justice (ASX:SHJ) Overvalued in 2026?
Based on GuruFocus' analysis, Shine Justice stock appears to be undervalued.
The current stock price of A$0.65 is trading 10.6% below its estimated GF Value™ of A$0.73.
GuruFocus considers Shine Justice to be Modestly Undervalued.
Key valuation signals for ASX:SHJ:
Altman Z-Score: 1.40 (20% below median its 10-year median of 1.76)
GF Value™: A$0.73 vs. price of A$0.65 (10.6% below fair value)
Industry Position: 29.3% below the Personal Services median (#63 of 96)
No single metric tells the full story. See the ASX:SHJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shine Justice Ltd offers legal services. It operates through the following business segments: Personal injury and Class Actions. The firm generates the majority of its revenue from the Personal injury segment. Its Personal injury segment includes motor vehicle accidents, workers' compensation, public liability, catastrophic injuries, and Others. Its firm includes Shine Lawyers, Sciaccas Lawyers, Stephen Browne Personal Injury Lawyers, Bradley Bayly Lawyers, and Carr & Co Divorce and Family Lawyers.
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