Zhejiang Tianhong Lithiumion Battery (BJSE:920252) Altman Z-Score: 5.27 (As of Aug. 14, 2026) — 17% Below Median

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BJSE:920252 Zhejiang Tianhong Lithiumion Battery Ltd BJSE:920252
73 GF Score
Price ¥15.73
GF Value ¥14.62
Valuation Fairly Valued
! 8 Warning Signs
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What is Zhejiang Tianhong Lithiumion Battery Altman Z-Score?

Zhejiang Tianhong Lithiumion Battery BJSE:920252 73 Altman Z-Score is 5.27 as of Aug. 14, 2026, which is 17% below its 10-year median of 6.35. GuruFocus rates BJSE:920252 with a GF Score™ of 73/100 and a GF Value™ of ¥14.62 (Fairly Valued). The stock has 8 warning signs investors should review. Among 3,006 Industrial Products companies, Zhejiang Tianhong Lithiumion Battery ranks better than 71.99% 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 5.4 is strong.

Zhejiang Tianhong Lithiumion Battery has a Altman Z-Score of 5.27, 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 Zhejiang Tianhong Lithiumion Battery's Altman Z-Score or its related term are showing as below:

BJSE:920252' s Altman Z-Score Range Over the Past 10 Years
Min: 3.14   Med: 6.35   Max: 9.68
Current: 5.4

During the past 10 years, Zhejiang Tianhong Lithiumion Battery's highest Altman Z-Score was 9.68. The lowest was 3.14. And the median was 6.35.


Zhejiang Tianhong Lithiumion Battery  (BJSE:920252) 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.


Zhejiang Tianhong Lithiumion Battery Altman Z-Score Related Terms


Zhejiang Tianhong Lithiumion Battery Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Zhejiang Tianhong Lithiumion Battery'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.

Zhejiang Tianhong Lithiumion Battery Altman Z-Score Chart

Zhejiang Tianhong Lithiumion Battery 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 7.33 7.29 8.21 6.03 8.17

Zhejiang Tianhong Lithiumion Battery Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 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 6.28 5.35 6.88 8.17 8.18

BJSE:920252 vs VRT, BE: Altman Z-Score Comparison

For the Electrical Equipment & Parts subindustry, Zhejiang Tianhong Lithiumion Battery'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.


Zhejiang Tianhong Lithiumion Battery Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Tianhong Lithiumion Battery's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Zhejiang Tianhong Lithiumion Battery's Altman Z-Score falls into.


BJSE:920252
73GF Score
Zhejiang Tianhong Lithiumion Battery Ltd BJSE:920252
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Zhejiang Tianhong Lithiumion Battery 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.

Zhejiang Tianhong Lithiumion Battery'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*0.2176+1.4*0.084+3.3*0.0161+0.6*6.7562+1.0*0.7808
=5.27

* 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 ¥505.6 Mil.
Total Current Assets was ¥339.8 Mil.
Total Current Liabilities was ¥229.7 Mil.
Retained Earnings was ¥42.5 Mil.
Pre-Tax Income was 2.285 + 1.189 + 2.521 + 0.888 = ¥6.9 Mil.
Interest Expense was -0.846 + -0.086 + -0.078 + -0.232 = ¥-1.2 Mil.
Revenue was 97.408 + 106.83 + 65.647 + 124.927 = ¥394.8 Mil.
Market Cap (Today) was ¥1,614.7 Mil.
Total Liabilities was ¥239.0 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
=(339.762 - 229.722)/505.621
=0.2176

X2=Retained Earnings/Total Assets
=42.456/505.621
=0.084

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(6.883 - -1.242)/505.621
=0.0161

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1614.695/238.996
=6.7562

X5=Revenue/Total Assets
=394.812/505.621
=0.7808

The zones of discrimination were as such:

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

Zhejiang Tianhong Lithiumion Battery has a Altman Z-Score of 5.27 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 5.27 mean?
Zhejiang Tianhong Lithiumion Battery (BJSE:920252) has a Altman Z-Score of 5.27 as of Aug. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Zhejiang Tianhong Lithiumion Battery and its competitors. This is 17% below median its historical median of 6.35. Over the past decade, Zhejiang Tianhong Lithiumion Battery's Altman Z-Score has ranged from 3.14 to 9.68. According to the industry distribution chart, Zhejiang Tianhong Lithiumion Battery ranks #842 out of 3006 companies in the Industrial Products industry, placing it in the top 28%.
Is Zhejiang Tianhong Lithiumion Battery's Altman Z-Score too high?
Zhejiang Tianhong Lithiumion Battery's current Altman Z-Score of 5.27 is 17% below median its 10-year median of 6.35. Over the past 10 years, this metric has ranged from a low of 3.14 to a high of 9.68. The Industrial Products industry median Altman Z-Score is 3.31. Zhejiang Tianhong Lithiumion Battery's value of 5.27 is 59.2% above this industry median. Based on the distribution chart, Zhejiang Tianhong Lithiumion Battery ranks #842 out of 3006 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Zhejiang Tianhong Lithiumion Battery has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Tianhong Lithiumion Battery's Altman Z-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Zhejiang Tianhong Lithiumion Battery ranks #842 out of 3006 companies for Altman Z-Score. This puts Zhejiang Tianhong Lithiumion Battery in the upper half of its industry. The industry median Altman Z-Score is 3.31. Zhejiang Tianhong Lithiumion Battery's value of 5.27 is 59.2% above this benchmark. Historically, Zhejiang Tianhong Lithiumion Battery's own Altman Z-Score has ranged from 3.14 to 9.68 over the past decade. While the company's 10-year median is 6.35 vs. the industry median of 3.31, Zhejiang Tianhong Lithiumion Battery 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 3.31, based on 3,006 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. Zhejiang Tianhong Lithiumion Battery's current Altman Z-Score of 5.27 is 59.2% 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 Zhejiang Tianhong Lithiumion Battery and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Tianhong Lithiumion Battery's current Altman Z-Score is 5.27, which is 17% below median its own 10-year median of 6.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Tianhong Lithiumion Battery stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Tianhong Lithiumion Battery (BJSE:920252) is currently considered Fairly Valued. The stock's GF Value™ is ¥14.62, compared to a current price of ¥15.73 — trading 7.6% above its estimated fair value. The current Altman Z-Score is 5.27, which is 17% below median its 10-year median of 6.35 and 59.2% above the Industrial Products industry median of 3.31. Zhejiang Tianhong Lithiumion Battery's overall GF Score™ is 73/100 with 8 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 Zhejiang Tianhong Lithiumion Battery (BJSE:920252), the current Altman Z-Score is 5.27 as of Aug. 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 Zhejiang Tianhong Lithiumion Battery (BJSE:920252) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Tianhong Lithiumion Battery stock appears to be overvalued. The current stock price of ¥15.73 is trading 7.6% above its estimated GF Value™ of ¥14.62. GuruFocus considers Zhejiang Tianhong Lithiumion Battery to be Fairly Valued.

Key valuation signals for BJSE:920252:

  • Altman Z-Score: 5.27 (17% below median its 10-year median of 6.35)
  • GF Value™: ¥14.62 vs. price of ¥15.73 (7.6% above fair value)
  • GF Score™: 73/100 with 8 warning signs
  • Industry Position: 59.2% above the Industrial Products median (#842 of 3006)

No single metric tells the full story. See the BJSE:920252 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Tianhong Lithiumion Battery Business Description

Address No. 318, Changcheng Road, Taihu Street, Changxing County, Zhejiang Province, Huzhou City, CHN, 313100
Zhejiang Tianhong Lithiumion Battery Ltd engages in the research, development, design, assembly, and sales of lithium-ion battery modules. It mainly produces three series of lithium batteries: power type, energy storage type, and industrial lighting. Its products include E-bike batteries, Motorcycle batteries, Forklift batteries, E-scooter batteries, and Energy storage batteries.
73GF Score

Get the complete analysis for BJSE:920252

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

¥15.73
Price
¥14.62
GF Value