Tongda Group HoldingsFRA:TJC0 +1.73%46 Altman Z-Score is 1.20 as of Jun. 30, 2026, which is 27% below its 10-year median of 1.65. GuruFocus rates FRA:TJC0 with a GF Score™ of 46/100 and a GF Value™ of €0.39 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,459 Hardware companies, Tongda Group Holdings ranks worse than 85.97% 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 1.2 is in distress zone. This implies bankruptcy possibility in the next two years.
Tongda Group Holdings has a Altman Z-Score of 1.20, 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 Tongda Group Holdings's Altman Z-Score or its related term are showing as below:
FRA:TJC0'
s Altman Z-Score Range Over the Past 10 Years
Min: -0.61 Med: 1.65 Max: 2.97
Current: 1.2
During the past 13 years, Tongda Group Holdings's highest Altman Z-Score was 2.97. The lowest was -0.61. And the median was 1.65.
Tongda Group Holdings (FRA:TJC0) 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.
Altman Z-Score does not apply to financial companies.
Tongda Group Holdings Altman Z-Score Related Terms
Tongda Group Holdings Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Tongda Group Holdings'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.
For the Electronic Components subindustry, Tongda Group 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.
Tongda Group Holdings Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, Tongda Group Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Tongda Group Holdings'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.
* 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.
Tongda Group Holdings (FRA:TJC0) has a Altman Z-Score of 1.20 as of Jun. 30, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tongda Group Holdings and its competitors. This is 27% below median its historical median of 1.65. According to the industry distribution chart, Tongda Group Holdings ranks #2114 out of 2459 companies in the Hardware industry, placing it in the top 86%.
Is Tongda Group Holdings' Altman Z-Score too high?
Tongda Group Holdings' current Altman Z-Score of 1.20 is 27% below median its 10-year median of 1.65. The Hardware industry median Altman Z-Score is 3.60. Tongda Group Holdings' value of 1.20 is 66.7% below this industry median. Based on the distribution chart, Tongda Group Holdings ranks #2114 out of 2459 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Tongda Group Holdings has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tongda Group Holdings' Altman Z-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Tongda Group Holdings ranks #2114 out of 2459 companies for Altman Z-Score. This places Tongda Group Holdings in the lower half of its industry. The industry median Altman Z-Score is 3.60. Tongda Group Holdings' value of 1.20 is 66.7% below this benchmark. While the company's 10-year median is 1.65 vs. the industry median of 3.60, Tongda Group 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.60, based on 2,459 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. Tongda Group Holdings's current Altman Z-Score of 1.20 is 66.7% 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 Tongda Group Holdings and its competitors. For the Hardware industry, the median Altman Z-Score is 3.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tongda Group Holdings's current Altman Z-Score is 1.20, which is 27% below median its own 10-year median of 1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongda Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tongda Group Holdings (FRA:TJC0) is currently considered Possible Value Trap. The stock's GF Value™ is €0.39, compared to a current price of €0.18 — trading 54.9% below its estimated fair value. The current Altman Z-Score is 1.20, which is 27% below median its 10-year median of 1.65 and 66.7% below the Hardware industry median of 3.60. Tongda Group Holdings' overall GF Score™ is 46/100 with 4 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 Tongda Group Holdings (FRA:TJC0), the current Altman Z-Score is 1.20 as of Jun. 30, 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 Tongda Group Holdings (FRA:TJC0) Overvalued in 2026?
Based on GuruFocus' analysis, Tongda Group Holdings stock appears to be undervalued.
The current stock price of €0.18 is trading 54.9% below its estimated GF Value™ of €0.39.
GuruFocus considers Tongda Group Holdings to be Possible Value Trap.
Key valuation signals for FRA:TJC0:
Altman Z-Score: 1.20 (27% below median its 10-year median of 1.65)
GF Value™: €0.39 vs. price of €0.18 (54.9% below fair value)
Industry Position: 66.7% below the Hardware median (#2114 of 2459)
No single metric tells the full story. See the FRA:TJC0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tongda Group Holdings Ltd is a one-stop solution provider for precision structural parts, offering comprehensive services spanning product design, research and development (R&D), to manufacturing. The group maintains a diversified product portfolio, covering household and sports goods, smartphone casings, network communications equipment, and smart household appliance panels. Its segments are Consumer Electronics Structural Parts: consists of manufacturing of components of handset casings and high-precision components, panels for smart electrical appliances, network communications facilities and other electrical consumer products; and Household and Sporting Goods: consists of durable household goods, household utensils and sports goods.
46GF Score
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