Zhuhai Ltech Technology Co (BJSE:920110) Altman Z-Score: 20.37 (As of Aug. 28, 2026) — 17% Above Median

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BJSE:920110 Zhuhai Ltech Technology Co Ltd BJSE:920110
88 GF Score
Price ¥25.81
GF Value ¥32.75
Valuation Modestly Undervalued
! 6 Warning Signs
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What is Zhuhai Ltech Technology Co Altman Z-Score?

Zhuhai Ltech Technology Co BJSE:920110 88 Altman Z-Score is 20.37 as of Aug. 28, 2026, which is 17% above its 10-year median of 17.43. GuruFocus rates BJSE:920110 with a GF Score™ of 88/100 and a GF Value™ of ¥32.75 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 3,010 Industrial Products companies, Zhuhai Ltech Technology Co ranks better than 96.28% 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.

Good Sign:

Altman Z-score of 20.45 is strong.

Zhuhai Ltech Technology Co has a Altman Z-Score of 20.37, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

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 Zhuhai Ltech Technology Co's Altman Z-Score or its related term are showing as below:

BJSE:920110' s Altman Z-Score Range Over the Past 10 Years
Min: 8.02   Med: 17.43   Max: 49.37
Current: 20.45

During the past 13 years, Zhuhai Ltech Technology Co's highest Altman Z-Score was 49.37. The lowest was 8.02. And the median was 17.43.


Zhuhai Ltech Technology Co  (BJSE:920110) Altman Z-Score Explanation

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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Zhuhai Ltech Technology Co Altman Z-Score Related Terms


Zhuhai Ltech Technology Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Zhuhai Ltech Technology Co'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.

Zhuhai Ltech Technology Co Altman Z-Score Chart

Zhuhai Ltech Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.85 12.71 13.97 23.28 30.14

Zhuhai Ltech Technology Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Altman Z-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 28.31 37.06 30.14 24.37 19.52

BJSE:920110 vs VRT, BE: Altman Z-Score Comparison

For the Electrical Equipment & Parts subindustry, Zhuhai Ltech Technology Co'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.


Zhuhai Ltech Technology Co Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhuhai Ltech Technology Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Zhuhai Ltech Technology Co's Altman Z-Score falls into.


BJSE:920110
88GF Score
Zhuhai Ltech Technology Co Ltd BJSE:920110
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhuhai Ltech Technology Co Altman Z-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.

Zhuhai Ltech Technology Co'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*0.6193+1.4*0.4023+3.3*0.1133+0.6*30.288+1.0*0.5168
=20.37

* 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.

Trailing Twelve Months (TTM) ended in Jun. 2026:
Total Assets was ¥396.8 Mil.
Total Current Assets was ¥278.5 Mil.
Total Current Liabilities was ¥32.7 Mil.
Retained Earnings was ¥159.6 Mil.
Pre-Tax Income was 9.447 + 5.44 + 14.145 + 12.847 = ¥41.9 Mil.
Interest Expense was 0 + -1.979 + 0 + -1.085 = ¥-3.1 Mil.
Revenue was 54.948 + 38.863 + 60.06 + 51.177 = ¥205.0 Mil.
Market Cap (Today) was ¥1,006.6 Mil.
Total Liabilities was ¥33.2 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
=(278.466 - 32.725)/396.8
=0.6193

X2=Retained Earnings/Total Assets
=159.627/396.8
=0.4023

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(41.879 - -3.064)/396.8
=0.1133

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1006.590/33.234
=30.288

X5=Revenue/Total Assets
=205.048/396.8
=0.5168

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Zhuhai Ltech Technology Co has a Altman Z-Score of 20.37 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 20.37 mean?
Zhuhai Ltech Technology Co (BJSE:920110) has a Altman Z-Score of 20.37 as of Aug. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Zhuhai Ltech Technology Co and its competitors. This is 17% above median its historical median of 17.43. Over the past decade, Zhuhai Ltech Technology Co's Altman Z-Score has ranged from 8.02 to 49.37. According to the industry distribution chart, Zhuhai Ltech Technology Co ranks #112 out of 3010 companies in the Industrial Products industry, placing it in the top 3.7%.
Is Zhuhai Ltech Technology Co's Altman Z-Score too high?
Zhuhai Ltech Technology Co's current Altman Z-Score of 20.37 is 17% above median its 10-year median of 17.43. Over the past 10 years, this metric has ranged from a low of 8.02 to a high of 49.37. The Industrial Products industry median Altman Z-Score is 3.26. Zhuhai Ltech Technology Co's value of 20.37 is 524.8% above this industry median. Based on the distribution chart, Zhuhai Ltech Technology Co ranks #112 out of 3010 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Zhuhai Ltech Technology Co has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhuhai Ltech Technology Co's Altman Z-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Zhuhai Ltech Technology Co ranks #112 out of 3010 companies for Altman Z-Score. This places Zhuhai Ltech Technology Co in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.26. Zhuhai Ltech Technology Co's value of 20.37 is 524.8% above this benchmark. Historically, Zhuhai Ltech Technology Co's own Altman Z-Score has ranged from 8.02 to 49.37 over the past decade. While the company's 10-year median is 17.43 vs. the industry median of 3.26, Zhuhai Ltech Technology 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 Z-Score for an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.26, based on 3,010 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. Zhuhai Ltech Technology Co's current Altman Z-Score of 20.37 is 524.8% 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 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 Zhuhai Ltech Technology Co and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhuhai Ltech Technology Co's current Altman Z-Score is 20.37, which is 17% above median its own 10-year median of 17.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhuhai Ltech Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zhuhai Ltech Technology Co (BJSE:920110) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥32.75, compared to a current price of ¥25.81 — trading 21.2% below its estimated fair value. The current Altman Z-Score is 20.37, which is 17% above median its 10-year median of 17.43 and 524.8% above the Industrial Products industry median of 3.26. Zhuhai Ltech Technology Co's overall GF Score™ is 88/100 with 6 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 Zhuhai Ltech Technology Co (BJSE:920110), the current Altman Z-Score is 20.37 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 Zhuhai Ltech Technology Co (BJSE:920110) Overvalued in 2026?

Based on GuruFocus' analysis, Zhuhai Ltech Technology Co stock appears to be undervalued. The current stock price of ¥25.81 is trading 21.2% below its estimated GF Value™ of ¥32.75. GuruFocus considers Zhuhai Ltech Technology Co to be Modestly Undervalued.

Key valuation signals for BJSE:920110:

  • Altman Z-Score: 20.37 (17% above median its 10-year median of 17.43)
  • GF Value™: ¥32.75 vs. price of ¥25.81 (21.2% below fair value)
  • GF Score™: 88/100 with 6 warning signs
  • Industry Position: 524.8% above the Industrial Products median (#112 of 3010)

No single metric tells the full story. See the BJSE:920110 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhuhai Ltech Technology Co Business Description

Address No. 3, Pingdong 6th Road, 2nd Floor, Building 15, Nanping Science and Technology Industrial Park, Xiangzhou District, Guangdong Province, Zhuhai City, CHN, 519060
Zhuhai Ltech Technology Co Ltd operates as a developer in the field of intelligent LED lighting control in China. It manufactures LED lighting control systems. developed three hardware product lines LED Lighting Control System, Intelligent LED Driver, and Smart Home, meeting the demands of smart scenes for lighting enterprises, commercial space, and residential homes.
88GF Score

Get the complete analysis for BJSE:920110

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

¥25.81
Price
¥32.75
GF Value