Tian Ge Interactive Holdings (HKSE:01980) Altman Z-Score: 1.45 (As of Aug. 10, 2026) — 26% Below Median

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HKSE:01980 Tian Ge Interactive Holdings Ltd HKSE:01980
38 GF Score
Price HK$0.58
GF Value HK$0.58
Valuation Fairly Valued
! 4 Warning Signs
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What is Tian Ge Interactive Holdings Altman Z-Score?

Tian Ge Interactive Holdings HKSE:01980 38 Altman Z-Score is 1.45 as of Aug. 10, 2026, which is 26% below its 10-year median of 1.95. GuruFocus rates HKSE:01980 with a GF Score™ of 38/100 and a GF Value™ of HK$0.58 (Fairly Valued). The stock has 4 warning signs investors should review. Among 544 Interactive Media companies, Tian Ge Interactive Holdings ranks worse than 69.67% 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 1.45 is in distress zone. This implies bankruptcy possibility in the next two years.

Tian Ge Interactive Holdings has a Altman Z-Score of 1.45, 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 Tian Ge Interactive Holdings's Altman Z-Score or its related term are showing as below:

HKSE:01980' s Altman Z-Score Range Over the Past 10 Years
Min: 0.58   Med: 1.95   Max: 18.27
Current: 1.45

During the past 13 years, Tian Ge Interactive Holdings's highest Altman Z-Score was 18.27. The lowest was 0.58. And the median was 1.95.


Tian Ge Interactive Holdings  (HKSE:01980) 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.


Tian Ge Interactive Holdings Altman Z-Score Related Terms


Tian Ge Interactive Holdings Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Tian Ge Interactive 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.

Tian Ge Interactive Holdings Altman Z-Score Chart

Tian Ge Interactive Holdings 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 1.96 0.58 1.26 1.44 1.62

Tian Ge Interactive Holdings Semi-Annual Data
Jun16 Dec16 Jun17 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 Premium Member Only Premium Member Only 1.26 0.00 1.44 0.00 1.62

HKSE:01980 vs GOOGL, META, SPOT: Altman Z-Score Comparison

For the Internet Content & Information subindustry, Tian Ge Interactive 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.


Tian Ge Interactive Holdings Altman Z-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Tian Ge Interactive Holdings's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Tian Ge Interactive Holdings's Altman Z-Score falls into.


HKSE:01980
38GF Score
Tian Ge Interactive Holdings Ltd HKSE:01980
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Tian Ge Interactive 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.

Tian Ge Interactive Holdings'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*0.3032+1.4*0.0729+3.3*-0.0031+0.6*1.634+1.0*0.0154
=1.45

* 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$2,768.28 Mil.
Total Current Assets was HK$1,209.85 Mil.
Total Current Liabilities was HK$370.61 Mil.
Retained Earnings was HK$201.88 Mil.
Pre-Tax Income was HK$-19.00 Mil.
Interest Expense was HK$-10.47 Mil.
Revenue was HK$42.59 Mil.
Market Cap (Today) was HK$642.21 Mil.
Total Liabilities was HK$393.04 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
=(1209.847 - 370.607)/2768.277
=0.3032

X2=Retained Earnings/Total Assets
=201.88/2768.277
=0.0729

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-18.995 - -10.474)/2768.277
=-0.0031

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=642.205/393.038
=1.634

X5=Revenue/Total Assets
=42.592/2768.277
=0.0154

The zones of discrimination were as such:

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

Tian Ge Interactive Holdings has a Altman Z-Score of 1.45 indicating it is in Distress 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 1.45 mean?
Tian Ge Interactive Holdings (HKSE:01980) has a Altman Z-Score of 1.45 as of Aug. 10, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tian Ge Interactive Holdings and its competitors. This is 26% below median its historical median of 1.95. Over the past decade, Tian Ge Interactive Holdings' Altman Z-Score has ranged from 0.58 to 18.27. According to the industry distribution chart, Tian Ge Interactive Holdings ranks #379 out of 544 companies in the Interactive Media industry, placing it in the top 69.7%.
Is Tian Ge Interactive Holdings' Altman Z-Score too high?
Tian Ge Interactive Holdings' current Altman Z-Score of 1.45 is 26% below median its 10-year median of 1.95. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 18.27. The Interactive Media industry median Altman Z-Score is 3.18. Tian Ge Interactive Holdings' value of 1.45 is 54.4% below this industry median. Based on the distribution chart, Tian Ge Interactive Holdings ranks #379 out of 544 companies in the Interactive Media industry, which is below the industry midpoint. Overall, Tian Ge Interactive Holdings has a GF Score™ of 38/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tian Ge Interactive Holdings' Altman Z-Score compare to GOOGL and META?
According to the Interactive Media industry distribution chart, Tian Ge Interactive Holdings ranks #379 out of 544 companies for Altman Z-Score. This places Tian Ge Interactive Holdings in the lower half of its industry. The industry median Altman Z-Score is 3.18. Tian Ge Interactive Holdings' value of 1.45 is 54.4% below this benchmark. Historically, Tian Ge Interactive Holdings' own Altman Z-Score has ranged from 0.58 to 18.27 over the past decade. While the company's 10-year median is 1.95 vs. the industry median of 3.18, Tian Ge Interactive 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 an Interactive Media company?
The median Altman Z-Score among Interactive Media companies is 3.18, based on 544 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. Tian Ge Interactive Holdings's current Altman Z-Score of 1.45 is 54.4% 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 Tian Ge Interactive Holdings and its competitors. For the Interactive Media industry, the median Altman Z-Score is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tian Ge Interactive Holdings's current Altman Z-Score is 1.45, which is 26% below median its own 10-year median of 1.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tian Ge Interactive Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tian Ge Interactive Holdings (HKSE:01980) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.58, compared to a current price of HK$0.58 — trading right at its estimated fair value. The current Altman Z-Score is 1.45, which is 26% below median its 10-year median of 1.95 and 54.4% below the Interactive Media industry median of 3.18. Tian Ge Interactive Holdings' overall GF Score™ is 38/100 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 Tian Ge Interactive Holdings (HKSE:01980), the current Altman Z-Score is 1.45 as of Aug. 10, 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 Tian Ge Interactive Holdings (HKSE:01980) Overvalued in 2026?

Based on GuruFocus' analysis, Tian Ge Interactive Holdings stock appears to be undervalued. The current stock price of HK$0.58 is trading 0% below its estimated GF Value™ of HK$0.58. GuruFocus considers Tian Ge Interactive Holdings to be Fairly Valued.

Key valuation signals for HKSE:01980:

  • Altman Z-Score: 1.45 (26% below median its 10-year median of 1.95)
  • GF Value™: HK$0.58 vs. price of HK$0.58 (0% below fair value)
  • GF Score™: 38/100 with 4 warning signs
  • Industry Position: 54.4% below the Interactive Media median (#379 of 544)

No single metric tells the full story. See the HKSE:01980 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tian Ge Interactive Holdings Business Description

Address Intime City Tower E, 13-14th Floor, Gongshu District, Hangzhou, CHN
Tian Ge Interactive Holdings Ltd is a Chinese investment holding company that engages in the online entertainment business. The company develops and operates real-time video technology so its users can socialize and interact through video chat and text. The company is also involved with creating mobile game platforms, O2O Entertainments, and has a health, personal, and beauty care business. The firm's segments include Online interactive entertainment services and Others. Online interactive entertainment services comprise the vast majority of the firm's overall revenue. It operates its business in China and also has its presence in other countries.
38GF Score

Get the complete analysis for HKSE:01980

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

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HK$0.58
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