Hifiman Kunshan Technology Group Co (BJSE:920183) Altman Z-Score: 20.60 (As of Aug. 20, 2026) — 23% Below Median

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BJSE:920183 Hifiman Kunshan Technology Group Co Ltd BJSE:920183
20 GF Score
Price ¥28.25
! 2 Warning Signs
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What is Hifiman Kunshan Technology Group Co Altman Z-Score?

Hifiman Kunshan Technology Group Co BJSE:920183 20 Altman Z-Score is 20.60 as of Aug. 20, 2026, which is 23% below its 10-year median of 26.88. GuruFocus rates BJSE:920183 with a GF Score™ of 20/100. The stock has 2 warning signs investors should review. Among 2,463 Hardware companies, Hifiman Kunshan Technology Group Co ranks better than 94.68% 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 20.68 is strong.

Hifiman Kunshan Technology Group Co has a Altman Z-Score of 20.60, 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 Hifiman Kunshan Technology Group Co's Altman Z-Score or its related term are showing as below:

BJSE:920183' s Altman Z-Score Range Over the Past 10 Years
Min: 20.68   Med: 26.88   Max: 26.88
Current: 20.68

During the past 5 years, Hifiman Kunshan Technology Group Co's highest Altman Z-Score was 26.88. The lowest was 20.68. And the median was 26.88.


Hifiman Kunshan Technology Group Co  (BJSE:920183) 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.


Hifiman Kunshan Technology Group Co Altman Z-Score Related Terms


Hifiman Kunshan Technology Group Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Hifiman Kunshan Technology Group 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.

Hifiman Kunshan Technology Group Co Altman Z-Score Chart

Hifiman Kunshan Technology Group Co Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
0.00 0.00 0.00 0.00 0.00

Hifiman Kunshan Technology Group Co Quarterly Data
Dec21 Dec22 Dec23 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 26.88

BJSE:920183 vs AAPL: Altman Z-Score Comparison

For the Consumer Electronics subindustry, Hifiman Kunshan Technology Group 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.


Hifiman Kunshan Technology Group Co Altman Z-Score vs Hardware Industry

For the Hardware industry and Technology sector, Hifiman Kunshan Technology Group Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Hifiman Kunshan Technology Group Co's Altman Z-Score falls into.


BJSE:920183
20GF Score
Hifiman Kunshan Technology Group Co Ltd BJSE:920183
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Hifiman Kunshan Technology Group 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.

Hifiman Kunshan Technology Group 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*0.7789+1.4*0.3191+3.3*0.1632+0.6*30.3506+1.0*0.4726
=20.60

* 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 Mar. 2026:
Total Assets was ¥525.0 Mil.
Total Current Assets was ¥450.9 Mil.
Total Current Liabilities was ¥42.0 Mil.
Retained Earnings was ¥167.5 Mil.
Pre-Tax Income was 22.155 + 27.757 + 17.785 + 17.73 = ¥85.4 Mil.
Interest Expense was -0.054 + 0 + 0 + -0.209 = ¥-0.3 Mil.
Revenue was 63.682 + 74.976 + 57.031 + 52.402 = ¥248.1 Mil.
Market Cap (Today) was ¥1,382.9 Mil.
Total Liabilities was ¥45.6 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
=(450.929 - 42.028)/524.992
=0.7789

X2=Retained Earnings/Total Assets
=167.52/524.992
=0.3191

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(85.427 - -0.263)/524.992
=0.1632

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1382.894/45.564
=30.3506

X5=Revenue/Total Assets
=248.091/524.992
=0.4726

The zones of discrimination were as such:

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

Hifiman Kunshan Technology Group Co has a Altman Z-Score of 20.60 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 20.60 mean?
Hifiman Kunshan Technology Group Co (BJSE:920183) has a Altman Z-Score of 20.60 as of Aug. 20, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hifiman Kunshan Technology Group Co and its competitors. This is 23% below median its historical median of 26.88. Over the past decade, Hifiman Kunshan Technology Group Co's Altman Z-Score has ranged from 20.68 to 26.88. According to the industry distribution chart, Hifiman Kunshan Technology Group Co ranks #131 out of 2463 companies in the Hardware industry, placing it in the top 5.3%.
Is Hifiman Kunshan Technology Group Co's Altman Z-Score too high?
Hifiman Kunshan Technology Group Co's current Altman Z-Score of 20.60 is 23% below median its 10-year median of 26.88. Over the past 10 years, this metric has ranged from a low of 20.68 to a high of 26.88. The Hardware industry median Altman Z-Score is 3.39. Hifiman Kunshan Technology Group Co's value of 20.60 is 507.7% above this industry median. Based on the distribution chart, Hifiman Kunshan Technology Group Co ranks #131 out of 2463 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Hifiman Kunshan Technology Group Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Hifiman Kunshan Technology Group Co's Altman Z-Score compare to AAPL?
According to the Hardware industry distribution chart, Hifiman Kunshan Technology Group Co ranks #131 out of 2463 companies for Altman Z-Score. This places Hifiman Kunshan Technology Group Co in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.39. Hifiman Kunshan Technology Group Co's value of 20.60 is 507.7% above this benchmark. Historically, Hifiman Kunshan Technology Group Co's own Altman Z-Score has ranged from 20.68 to 26.88 over the past decade. While the company's 10-year median is 26.88 vs. the industry median of 3.39, Hifiman Kunshan Technology Group 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 a Hardware company?
The median Altman Z-Score among Hardware companies is 3.39, based on 2,463 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. Hifiman Kunshan Technology Group Co's current Altman Z-Score of 20.60 is 507.7% 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 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 Hifiman Kunshan Technology Group Co and its competitors. For the Hardware industry, the median Altman Z-Score is 3.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hifiman Kunshan Technology Group Co's current Altman Z-Score is 20.60, which is 23% below median its own 10-year median of 26.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hifiman Kunshan Technology Group Co stock overvalued right now?
Hifiman Kunshan Technology Group Co (BJSE:920183) has a current Altman Z-Score of 20.60. The current Altman Z-Score is 20.60, which is 23% below median its 10-year median of 26.88 and 507.7% above the Hardware industry median of 3.39. Hifiman Kunshan Technology Group Co's overall GF Score™ is 20/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Hifiman Kunshan Technology Group Co (BJSE:920183), the current Altman Z-Score is 20.60 as of Aug. 20, 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.

Hifiman Kunshan Technology Group Co Business Description

Address No. 2001, Yingbin West Road, Bacheng Town, Jiangsu Province, Kunshan, CHN, 215300
Hifiman Kunshan Technology Group Co Ltd is engaged in the design, research and development, production, and sales of audio equipment and related electronic products under its 'HIFIMAN' brand. Its activities include research and development of consumer electronics and audio products, manufacturing and sale of audio equipment and electronic components, software development and sales, technical services and consulting, and the import and export of goods and technologies. The company's offerings include Headphones, Portable Players, Earphones and Amplifiers.
20GF Score

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