Ling Yue Services Group (HKSE:02165) Altman Z-Score: 2.99 (As of Aug. 12, 2026) — Near Median

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HKSE:02165 Ling Yue Services Group Ltd HKSE:02165
81 GF Score
Price HK$1.63
GF Value HK$1.40
Valuation Modestly Overvalued
! 2 Warning Signs
View Full Analysis

What is Ling Yue Services Group Altman Z-Score?

Ling Yue Services Group HKSE:02165 +0.31% 81 Altman Z-Score is 2.99 as of Aug. 12, 2026, which is 5% above its 10-year median of 2.84. GuruFocus rates HKSE:02165 with a GF Score™ of 81/100 and a GF Value™ of HK$1.40 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,729 Real Estate companies, Ling Yue Services Group ranks better than 82.53% 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 2.99 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.

Ling Yue Services Group has a Altman Z-Score of 2.99, indicating it is in Grey Zones. This implies that Ling Yue Services 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 Ling Yue Services Group's Altman Z-Score or its related term are showing as below:

HKSE:02165' s Altman Z-Score Range Over the Past 10 Years
Min: 2.7   Med: 2.84   Max: 4.92
Current: 2.99

During the past 8 years, Ling Yue Services Group's highest Altman Z-Score was 4.92. The lowest was 2.70. And the median was 2.84.


Ling Yue Services Group  (HKSE:02165) 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.


Ling Yue Services Group Altman Z-Score Related Terms


Ling Yue Services Group Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Ling Yue Services 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.

Ling Yue Services Group Altman Z-Score Chart

Ling Yue Services Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 4.92 2.70 2.74 2.84 3.10

Ling Yue Services Group Semi-Annual Data
Dec18 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 2.74 0.00 2.84 0.00 3.10

HKSE:02165 vs CBRE, BEKE, JLL: Altman Z-Score Comparison

For the Real Estate Services subindustry, Ling Yue Services 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.


Ling Yue Services Group Altman Z-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Ling Yue Services Group's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Ling Yue Services Group's Altman Z-Score falls into.


HKSE:02165
81GF Score
Ling Yue Services Group Ltd HKSE:02165
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ling Yue Services 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.

Ling Yue Services 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*0.647+1.4*0.3813+3.3*0.0935+0.6*1.2372+1.0*0.6338
=2.99

* 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$1,158.2 Mil.
Total Current Assets was HK$1,122.7 Mil.
Total Current Liabilities was HK$373.3 Mil.
Retained Earnings was HK$441.7 Mil.
Pre-Tax Income was HK$108.3 Mil.
Interest Expense was HK$0.0 Mil.
Revenue was HK$734.1 Mil.
Market Cap (Today) was HK$462.8 Mil.
Total Liabilities was HK$374.1 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
=(1122.703 - 373.279)/1158.219
=0.647

X2=Retained Earnings/Total Assets
=441.672/1158.219
=0.3813

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(108.304 - 0)/1158.219
=0.0935

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=462.810/374.088
=1.2372

X5=Revenue/Total Assets
=734.058/1158.219
=0.6338

The zones of discrimination were as such:

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

Ling Yue Services Group has a Altman Z-Score of 2.99 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 2.99 mean?
Ling Yue Services Group (HKSE:02165) has a Altman Z-Score of 2.99 as of Aug. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ling Yue Services Group and its competitors. This is near median its historical median of 2.84. Over the past decade, Ling Yue Services Group's Altman Z-Score has ranged from 2.70 to 4.92. According to the industry distribution chart, Ling Yue Services Group ranks #302 out of 1729 companies in the Real Estate industry, placing it in the top 17.5%.
Is Ling Yue Services Group's Altman Z-Score too high?
Ling Yue Services Group's current Altman Z-Score of 2.99 is near median its 10-year median of 2.84. Over the past 10 years, this metric has ranged from a low of 2.70 to a high of 4.92. The Real Estate industry median Altman Z-Score is 1.31. Ling Yue Services Group's value of 2.99 is 128.2% above this industry median. Based on the distribution chart, Ling Yue Services Group ranks #302 out of 1729 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Ling Yue Services Group has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ling Yue Services Group's Altman Z-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Ling Yue Services Group ranks #302 out of 1729 companies for Altman Z-Score. This places Ling Yue Services Group in the top 18% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.31. Ling Yue Services Group's value of 2.99 is 128.2% above this benchmark. Historically, Ling Yue Services Group's own Altman Z-Score has ranged from 2.70 to 4.92 over the past decade. While the company's 10-year median is 2.84 vs. the industry median of 1.31, Ling Yue Services Group has consistently been above 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 1.31, based on 1,729 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. Ling Yue Services Group's current Altman Z-Score of 2.99 is 128.2% above 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 Ling Yue Services Group and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ling Yue Services Group's current Altman Z-Score is 2.99, which is near median its own 10-year median of 2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ling Yue Services Group stock overvalued right now?
Based on GuruFocus' analysis, Ling Yue Services Group (HKSE:02165) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$1.40, compared to a current price of HK$1.63 — trading 16.1% above its estimated fair value. The current Altman Z-Score is 2.99, which is near median its 10-year median of 2.84 and 128.2% above the Real Estate industry median of 1.31. Ling Yue Services Group's overall GF Score™ is 81/100 with 2 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 Ling Yue Services Group (HKSE:02165), the current Altman Z-Score is 2.99 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 Ling Yue Services Group (HKSE:02165) Overvalued in 2026?

Based on GuruFocus' analysis, Ling Yue Services Group stock appears to be overvalued. The current stock price of HK$1.63 is trading 16.1% above its estimated GF Value™ of HK$1.40. GuruFocus considers Ling Yue Services Group to be Modestly Overvalued.

Key valuation signals for HKSE:02165:

  • Altman Z-Score: 2.99 (near median its 10-year median of 2.84)
  • GF Value™: HK$1.40 vs. price of HK$1.63 (16.1% above fair value)
  • GF Score™: 81/100 with 2 warning signs
  • Industry Position: 128.2% above the Real Estate median (#302 of 1729)

No single metric tells the full story. See the HKSE:02165 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ling Yue Services Group Business Description

Address No. 151, 2nd Tianfu Street, 44th Floor, Tower A, Leading International Finance Center, Gaoxin District, Sichuan Province, Chengdu, CHN, 610000
Ling Yue Services Group Ltd is a property management company. The business of the company covers residential property services, commercial property services, urban services, public construction services, and others. The Group's revenue is derived from three core businesses namely property management services; value-added services to non-property owners; and community value-added services. The majority of revenue is derived from the property management services segment.
81GF Score

Get the complete analysis for HKSE:02165

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

HK$1.63
Price
HK$1.40
GF Value