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What is Celestial Asia Securities Holdings Altman Z-Score?
Celestial Asia Securities HoldingsFRA:CE0 -5.71%35 Altman Z-Score is 0.37 as of Jul. 24, 2026, which is 29% below its 10-year median of 0.52. GuruFocus rates FRA:CE0 with a GF Score™ of 35/100 and a GF Value™ of €0.07 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,114 Retail - Cyclical companies, Celestial Asia Securities Holdings ranks worse than 89.86% 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 0.37 is in distress zone. This implies bankruptcy possibility in the next two years.
Celestial Asia Securities Holdings has a Altman Z-Score of 0.37, 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.
FRA:CE0'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.03 Med: 0.52 Max: 1.13
Current: 0.37
During the past 13 years, Celestial Asia Securities Holdings's highest Altman Z-Score was 1.13. The lowest was -0.03. And the median was 0.52.
Celestial Asia Securities Holdings (FRA:CE0) 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.
* 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.
Celestial Asia Securities Holdings Altman Z-Score Chart
For the Department Stores subindustry, Celestial Asia Securities Holdings'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.
Celestial Asia Securities Holdings Altman Z-Score vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Celestial Asia Securities Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Celestial Asia Securities Holdings's Altman Z-Score falls into.
Celestial Asia Securities Holdings 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.
* 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.
Celestial Asia Securities Holdings (FRA:CE0) has a Altman Z-Score of 0.37 as of Jul. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Celestial Asia Securities Holdings and its competitors. This is 29% below median its historical median of 0.52. According to the industry distribution chart, Celestial Asia Securities Holdings ranks #1001 out of 1114 companies in the Retail - Cyclical industry, placing it in the top 89.9%.
Is Celestial Asia Securities Holdings' Altman Z-Score too high?
Celestial Asia Securities Holdings' current Altman Z-Score of 0.37 is 29% below median its 10-year median of 0.52. The Retail - Cyclical industry median Altman Z-Score is 2.75. Celestial Asia Securities Holdings' value of 0.37 is 86.5% below this industry median. Based on the distribution chart, Celestial Asia Securities Holdings ranks #1001 out of 1114 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Celestial Asia Securities Holdings has a GF Score™ of 35/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Celestial Asia Securities Holdings' Altman Z-Score compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Celestial Asia Securities Holdings ranks #1001 out of 1114 companies for Altman Z-Score. This places Celestial Asia Securities Holdings in the lower half of its industry. The industry median Altman Z-Score is 2.75. Celestial Asia Securities Holdings' value of 0.37 is 86.5% below this benchmark. While the company's 10-year median is 0.52 vs. the industry median of 2.75, Celestial Asia Securities Holdings 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 Retail - Cyclical company?
The median Altman Z-Score among Retail - Cyclical companies is 2.75, based on 1,114 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. Celestial Asia Securities Holdings's current Altman Z-Score of 0.37 is 86.5% 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 Celestial Asia Securities Holdings and its competitors. For the Retail - Cyclical industry, the median Altman Z-Score is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Celestial Asia Securities Holdings's current Altman Z-Score is 0.37, which is 29% below median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Celestial Asia Securities Holdings stock overvalued right now?
Based on GuruFocus' analysis, Celestial Asia Securities Holdings (FRA:CE0) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.07, compared to a current price of €0.08 — trading 17.9% above its estimated fair value. The current Altman Z-Score is 0.37, which is 29% below median its 10-year median of 0.52 and 86.5% below the Retail - Cyclical industry median of 2.75. Celestial Asia Securities Holdings' overall GF Score™ is 35/100 with 3 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 Celestial Asia Securities Holdings (FRA:CE0), the current Altman Z-Score is 0.37 as of Jul. 24, 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 Celestial Asia Securities Holdings (FRA:CE0) Overvalued in 2026?
Based on GuruFocus' analysis, Celestial Asia Securities Holdings stock appears to be overvalued.
The current stock price of €0.08 is trading 17.9% above its estimated GF Value™ of €0.07.
GuruFocus considers Celestial Asia Securities Holdings to be Modestly Overvalued.
Key valuation signals for FRA:CE0:
Altman Z-Score: 0.37 (29% below median its 10-year median of 0.52)
GF Value™: €0.07 vs. price of €0.08 (17.9% above fair value)
Industry Position: 86.5% below the Retail - Cyclical median (#1001 of 1114)
No single metric tells the full story. See the FRA:CE0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Celestial Asia Securities Holdings Business Description
Celestial Asia Securities Holdings Ltd is a multi-faceted investment conglomerate serving consumer needs in investment and wealth management, lifestyle, and home improvement. The Group's reportable segments are: Retailing, Investment Management, and Other Financial Services. The majority of its revenue is generated from the Retailing segment, which includes the sales of furniture, household goods, and electrical appliances under brands such as Pricerite Home, TMF, Pricerite Creations, Pricerite Food, Pricerite Pet, etc. The Investment Management segment provides investment management services to the fund investors, and the Other Financial Services segment provides broking and wealth management services. Geographically, the Group derives its key revenue from Hong Kong, followed by the PRC.
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