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Lai Sun Development CoHKSE:00488 -1.23%34 Altman Z-Score is 0.23 as of Aug. 09, 2026, which is 63% below its 10-year median of 0.63. GuruFocus rates HKSE:00488 with a GF Score™ of 34/100 and a GF Value™ of HK$0.56 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,731 Real Estate companies, Lai Sun Development Co ranks worse than 86.02% 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 0.23 is in distress zone. This implies bankruptcy possibility in the next two years.
Lai Sun Development Co has a Altman Z-Score of 0.23, 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 Lai Sun Development Co's Altman Z-Score or its related term are showing as below:
HKSE:00488'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.23 Med: 0.63 Max: 1.54
Current: 0.23
During the past 13 years, Lai Sun Development Co's highest Altman Z-Score was 1.54. The lowest was 0.23. And the median was 0.63.
Lai Sun Development Co (HKSE:00488) 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.
Lai Sun Development Co Altman Z-Score Related Terms
Lai Sun Development Co Altman Z-Score Historical Data
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The historical data trend for Lai Sun Development 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.
Lai Sun Development Co Altman Z-Score Competitor Comparison
For the Real Estate - Diversified subindustry, Lai Sun Development 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.
Lai Sun Development Co Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Lai Sun Development Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Lai Sun Development Co'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.
Lai Sun Development Co (HKSE:00488) has a Altman Z-Score of 0.23 as of Aug. 09, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Lai Sun Development Co and its competitors. This is 63% below median its historical median of 0.63. Over the past decade, Lai Sun Development Co's Altman Z-Score has ranged from 0.23 to 1.54. According to the industry distribution chart, Lai Sun Development Co ranks #1489 out of 1731 companies in the Real Estate industry, placing it in the top 86%.
Is Lai Sun Development Co's Altman Z-Score too high?
Lai Sun Development Co's current Altman Z-Score of 0.23 is 63% below median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.54. The Real Estate industry median Altman Z-Score is 1.30. Lai Sun Development Co's value of 0.23 is 82.3% below this industry median. Based on the distribution chart, Lai Sun Development Co ranks #1489 out of 1731 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Lai Sun Development Co has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lai Sun Development Co's Altman Z-Score compare to competitors?
According to the Real Estate industry distribution chart, Lai Sun Development Co ranks #1489 out of 1731 companies for Altman Z-Score. This places Lai Sun Development Co in the lower half of its industry. The industry median Altman Z-Score is 1.30. Lai Sun Development Co's value of 0.23 is 82.3% below this benchmark. Historically, Lai Sun Development Co's own Altman Z-Score has ranged from 0.23 to 1.54 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 1.30, Lai Sun Development Co 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.30, based on 1,731 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. Lai Sun Development Co's current Altman Z-Score of 0.23 is 82.3% 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 Lai Sun Development Co and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lai Sun Development Co's current Altman Z-Score is 0.23, which is 63% below median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lai Sun Development Co stock overvalued right now?
Based on GuruFocus' analysis, Lai Sun Development Co (HKSE:00488) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.56, compared to a current price of HK$0.80 — trading 42.9% above its estimated fair value. The current Altman Z-Score is 0.23, which is 63% below median its 10-year median of 0.63 and 82.3% below the Real Estate industry median of 1.30. Lai Sun Development Co's overall GF Score™ is 34/100 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 Lai Sun Development Co (HKSE:00488), the current Altman Z-Score is 0.23 as of Aug. 09, 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 Lai Sun Development Co (HKSE:00488) Overvalued in 2026?
Based on GuruFocus' analysis, Lai Sun Development Co stock appears to be overvalued.
The current stock price of HK$0.80 is trading 42.9% above its estimated GF Value™ of HK$0.56.
GuruFocus considers Lai Sun Development Co to be Significantly Overvalued.
Key valuation signals for HKSE:00488:
Altman Z-Score: 0.23 (63% below median its 10-year median of 0.63)
GF Value™: HK$0.56 vs. price of HK$0.80 (42.9% above fair value)
Industry Position: 82.3% below the Real Estate median (#1489 of 1731)
No single metric tells the full story. See the HKSE:00488 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lai Sun Development Co Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in various reportable operating segments such as; property development and sales; property investment; hotel operation; restaurant operation; media and entertainment; film and TV programs; cinema operation; theme park operation, and others. The property development and sales segment which derives a majority of its revenue, is engaged in property development and the sale of properties. Geographically, it derives a majority of its revenue from Mainland China and Macau, and the rest from Hong Kong, the United Kingdom, Vietnam, and other regions.
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