Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 4.46 is strong.
Fibocom Wireless has a Altman Z-Score of 2.94, indicating it is in Grey Zones. This implies that Fibocom Wireless is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Fibocom Wireless's Altman Z-Score or its related term are showing as below:
HKSE:00638'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.38 Med: 6.04 Max: 23.1
Current: 4.46
During the past 13 years, Fibocom Wireless's highest Altman Z-Score was 23.10. The lowest was 2.38. And the median was 6.04.
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.
Fibocom Wireless Altman Z-Score Related Terms
Fibocom Wireless Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Fibocom Wireless'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.
HKSE:00638 vs CSCO, MSI, HPE: Altman Z-Score Comparison
For the Communication Equipment subindustry, Fibocom Wireless'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.
Fibocom Wireless Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, Fibocom Wireless's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Fibocom Wireless'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.
Fibocom Wireless'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
*
0.4825
+
1.4
*
0.1888
+
3.3
*
0.0274
+
0.6
*
2.243
+
1.0
*
0.6596
=
2.94
* 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.
Fibocom Wireless (HKSE:00638) has a Altman Z-Score of 2.94 as of Aug. 17, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Fibocom Wireless and its competitors. This is 51% below median its historical median of 6.04. Over the past decade, Fibocom Wireless' Altman Z-Score has ranged from 2.38 to 23.10. According to the industry distribution chart, Fibocom Wireless ranks #940 out of 2463 companies in the Hardware industry, placing it in the top 38.2%.
Is Fibocom Wireless' Altman Z-Score too high?
Fibocom Wireless' current Altman Z-Score of 2.94 is 51% below median its 10-year median of 6.04. Over the past 10 years, this metric has ranged from a low of 2.38 to a high of 23.10. The Hardware industry median Altman Z-Score is 3.47. Fibocom Wireless' value of 2.94 is 15.3% below this industry median. Based on the distribution chart, Fibocom Wireless ranks #940 out of 2463 companies in the Hardware industry, which is above the industry midpoint. Overall, Fibocom Wireless has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Fibocom Wireless' Altman Z-Score compare to CSCO and MSI?
According to the Hardware industry distribution chart, Fibocom Wireless ranks #940 out of 2463 companies for Altman Z-Score. This puts Fibocom Wireless in the upper half of its industry. The industry median Altman Z-Score is 3.47. Fibocom Wireless' value of 2.94 is 15.3% below this benchmark. Historically, Fibocom Wireless' own Altman Z-Score has ranged from 2.38 to 23.10 over the past decade. While the company's 10-year median is 6.04 vs. the industry median of 3.47, Fibocom Wireless 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 3.47, 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. Fibocom Wireless's current Altman Z-Score of 2.94 is 15.3% 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 Fibocom Wireless and its competitors. For the Hardware industry, the median Altman Z-Score is 3.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fibocom Wireless's current Altman Z-Score is 2.94, which is 51% below median its own 10-year median of 6.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fibocom Wireless stock overvalued right now?
Fibocom Wireless (HKSE:00638) has a current Altman Z-Score of 2.94. The stock's GF Value™ is HK$8.21, compared to a current price of HK$7.98 — trading 2.9% below its estimated fair value. The current Altman Z-Score is 2.94, which is 51% below median its 10-year median of 6.04 and 15.3% below the Hardware industry median of 3.47. Fibocom Wireless' overall GF Score™ is 90/100 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 Fibocom Wireless (HKSE:00638), the current Altman Z-Score is 2.94 as of Aug. 17, 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 Fibocom Wireless (HKSE:00638) Overvalued in 2026?
Based on GuruFocus' analysis, Fibocom Wireless stock appears to be undervalued.
The current stock price of HK$7.98 is trading 2.9% below its estimated GF Value™ of HK$8.21.
Key valuation signals for HKSE:00638:
Altman Z-Score: 2.94 (51% below median its 10-year median of 6.04)
GF Value™: HK$8.21 vs. price of HK$7.98 (2.9% below fair value)
Industry Position: 15.3% below the Hardware median (#940 of 2463)
No single metric tells the full story. See the HKSE:00638 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fibocom Wireless Inc, along with its subsidiaries, is engaged in the design, R&D, and sales services of wireless communication modules and communication solutions for industry applications. The company's primary products include wireless communication modules based on 2G, 3G, 4G, 5G, NB-IoT , AI, and other technologies, as well as communication solutions tailored to their industry applications. These wireless communication modules are widely used in fields such as mobile payment, smart grids, vehicle networking, security monitoring, and mobile internet, enabling terminal devices to access the wireless communication networks for data transmission and interaction.
90GF Score
Get the complete analysis for HKSE:00638
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:00638 has been successfully added to your 
