JiaChen Holding Group (HKSE:01937) Altman Z-Score: 2.00 (As of Aug. 12, 2026) — 13% Below Median

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HKSE:01937 JiaChen Holding Group Ltd HKSE:01937
62 GF Score
Price HK$0.16
GF Value HK$0.22
Valuation Modestly Undervalued
! 4 Warning Signs
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What is JiaChen Holding Group Altman Z-Score?

JiaChen Holding Group HKSE:01937 +6.12% 62 Altman Z-Score is 2.00 as of Aug. 12, 2026, which is 13% below its 10-year median of 2.29. GuruFocus rates HKSE:01937 with a GF Score™ of 62/100 and a GF Value™ of HK$0.22 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,762 Construction companies, JiaChen Holding Group ranks worse than 59.25% 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 1.94 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

JiaChen Holding Group has a Altman Z-Score of 2.00, indicating it is in Grey Zones. This implies that JiaChen Holding Group 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 JiaChen Holding Group's Altman Z-Score or its related term are showing as below:

HKSE:01937' s Altman Z-Score Range Over the Past 10 Years
Min: 1.42   Med: 2.29   Max: 5.7
Current: 1.94

During the past 10 years, JiaChen Holding Group's highest Altman Z-Score was 5.70. The lowest was 1.42. And the median was 2.29.


JiaChen Holding Group  (HKSE:01937) 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.


JiaChen Holding Group Altman Z-Score Related Terms


JiaChen Holding Group Altman Z-Score Historical Data

* Premium members only.

The historical data trend for JiaChen Holding Group'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.

JiaChen Holding Group Altman Z-Score Chart

JiaChen Holding Group 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 5.70 3.38 2.41 2.16 2.06

JiaChen Holding Group Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 2.41 0.00 2.16 0.00 2.06

HKSE:01937 vs TT, JCI, CARR: Altman Z-Score Comparison

For the Building Products & Equipment subindustry, JiaChen Holding Group'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.


JiaChen Holding Group Altman Z-Score vs Construction Industry

For the Construction industry and Industrials sector, JiaChen Holding Group's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where JiaChen Holding Group's Altman Z-Score falls into.


HKSE:01937
62GF Score
JiaChen Holding Group Ltd HKSE:01937
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JiaChen Holding Group 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.

JiaChen Holding Group'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*0.4064+1.4*0.3095+3.3*0.0132+0.6*1.0398+1.0*0.4083
=2.00

* 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 Dec. 2025:
Total Assets was HK$513.3 Mil.
Total Current Assets was HK$358.6 Mil.
Total Current Liabilities was HK$150.0 Mil.
Retained Earnings was HK$158.9 Mil.
Pre-Tax Income was HK$4.2 Mil.
Interest Expense was HK$-2.6 Mil.
Revenue was HK$209.6 Mil.
Market Cap (Today) was HK$156.0 Mil.
Total Liabilities was HK$150.0 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
=(358.61 - 150.025)/513.278
=0.4064

X2=Retained Earnings/Total Assets
=158.864/513.278
=0.3095

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(4.198 - -2.567)/513.278
=0.0132

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=156.000/150.025
=1.0398

X5=Revenue/Total Assets
=209.586/513.278
=0.4083

The zones of discrimination were as such:

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

JiaChen Holding Group has a Altman Z-Score of 2.00 indicating it is in Grey 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 2.00 mean?
JiaChen Holding Group (HKSE:01937) has a Altman Z-Score of 2.00 as of Aug. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on JiaChen Holding Group and its competitors. This is 13% below median its historical median of 2.29. Over the past decade, JiaChen Holding Group's Altman Z-Score has ranged from 1.42 to 5.70. According to the industry distribution chart, JiaChen Holding Group ranks #1044 out of 1762 companies in the Construction industry, placing it in the top 59.3%.
Is JiaChen Holding Group's Altman Z-Score too high?
JiaChen Holding Group's current Altman Z-Score of 2.00 is 13% below median its 10-year median of 2.29. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 5.70. The Construction industry median Altman Z-Score is 2.30. JiaChen Holding Group's value of 2.00 is 13% below this industry median. Based on the distribution chart, JiaChen Holding Group ranks #1044 out of 1762 companies in the Construction industry, which is below the industry midpoint. Overall, JiaChen Holding Group has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JiaChen Holding Group's Altman Z-Score compare to TT and JCI?
According to the Construction industry distribution chart, JiaChen Holding Group ranks #1044 out of 1762 companies for Altman Z-Score. This places JiaChen Holding Group in the lower half of its industry. The industry median Altman Z-Score is 2.30. JiaChen Holding Group's value of 2.00 is 13% below this benchmark. Historically, JiaChen Holding Group's own Altman Z-Score has ranged from 1.42 to 5.70 over the past decade. While the company's 10-year median is 2.29 vs. the industry median of 2.30, JiaChen Holding Group 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 Construction company?
The median Altman Z-Score among Construction companies is 2.30, based on 1,762 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. JiaChen Holding Group's current Altman Z-Score of 2.00 is 13% 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 JiaChen Holding Group and its competitors. For the Construction industry, the median Altman Z-Score is 2.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JiaChen Holding Group's current Altman Z-Score is 2.00, which is 13% below median its own 10-year median of 2.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JiaChen Holding Group stock overvalued right now?
Based on GuruFocus' analysis, JiaChen Holding Group (HKSE:01937) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.22, compared to a current price of HK$0.16 — trading 29.1% below its estimated fair value. The current Altman Z-Score is 2.00, which is 13% below median its 10-year median of 2.29 and 13% below the Construction industry median of 2.30. JiaChen Holding Group's overall GF Score™ is 62/100 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 JiaChen Holding Group (HKSE:01937), the current Altman Z-Score is 2.00 as of Aug. 12, 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 JiaChen Holding Group (HKSE:01937) Overvalued in 2026?

Based on GuruFocus' analysis, JiaChen Holding Group stock appears to be undervalued. The current stock price of HK$0.16 is trading 29.1% below its estimated GF Value™ of HK$0.22. GuruFocus considers JiaChen Holding Group to be Modestly Undervalued.

Key valuation signals for HKSE:01937:

  • Altman Z-Score: 2.00 (13% below median its 10-year median of 2.29)
  • GF Value™: HK$0.22 vs. price of HK$0.16 (29.1% below fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 13% below the Construction median (#1044 of 1762)

No single metric tells the full story. See the HKSE:01937 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


JiaChen Holding Group Business Description

Address No.18 Changhong East Road, Henglin Town, Wujin District, Jiangsu Province, Chengzhou, CHN
JiaChen Holding Group Ltd is engaged in the manufacturing and sales of access flooring products and provides related installation services. Its segments consist of Steel access flooring plates and Calcium-sulfate access flooring plates. Its access flooring products have been applied in office buildings in China with characteristics of cable management (wires and cables are managed and organized underfloor with flexibility to accommodate any electronic devices); short installation time; high compressive strength and fire-resistance characteristics; and high bearing capacity. The geographical presence of the company is in Hong Kong, PRC, and Other countries and regions. It generates the majority of revenue from the PRC.
62GF Score

Get the complete analysis for HKSE:01937

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

HK$0.16
Price
HK$0.22
GF Value