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.
Xiamen Jihong CoHKSE:02603 -1.06%65 Altman Z-Score is 4.94 as of Aug. 24, 2026, which is 25% below its 10-year median of 6.57. GuruFocus rates HKSE:02603 with a GF Score™ of 65/100 and a GF Value™ of HK$10.95 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 398 Packaging & Containers companies, Xiamen Jihong Co ranks better than 79.9% 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.
Good Sign:
Altman Z-score of 5 is strong.
Xiamen Jihong Co has a Altman Z-Score of 4.94, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
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 Xiamen Jihong Co's Altman Z-Score or its related term are showing as below:
HKSE:02603'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.47 Med: 6.57 Max: 13.84
Current: 5
During the past 13 years, Xiamen Jihong Co's highest Altman Z-Score was 13.84. The lowest was 4.47. And the median was 6.57.
Xiamen Jihong Co (HKSE:02603) 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.
Xiamen Jihong Co Altman Z-Score Related Terms
Xiamen Jihong Co Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Xiamen Jihong 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.
HKSE:02603 vs SW, PKG, IP: Altman Z-Score Comparison
For the Packaging & Containers subindustry, Xiamen Jihong 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.
Xiamen Jihong Co Altman Z-Score vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Xiamen Jihong Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Xiamen Jihong 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.
Xiamen Jihong Co'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
*
0.3143
+
1.4
*
0.3702
+
3.3
*
0.1007
+
0.6
*
3.8123
+
1.0
*
1.4258
=
4.94
* 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.
Xiamen Jihong Co (HKSE:02603) has a Altman Z-Score of 4.94 as of Aug. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Xiamen Jihong Co and its competitors. This is 25% below median its historical median of 6.57. Over the past decade, Xiamen Jihong Co's Altman Z-Score has ranged from 4.47 to 13.84. According to the industry distribution chart, Xiamen Jihong Co ranks #80 out of 398 companies in the Packaging & Containers industry, placing it in the top 20.1%.
Is Xiamen Jihong Co's Altman Z-Score too high?
Xiamen Jihong Co's current Altman Z-Score of 4.94 is 25% below median its 10-year median of 6.57. Over the past 10 years, this metric has ranged from a low of 4.47 to a high of 13.84. The Packaging & Containers industry median Altman Z-Score is 2.64. Xiamen Jihong Co's value of 4.94 is 87.5% above this industry median. Based on the distribution chart, Xiamen Jihong Co ranks #80 out of 398 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Xiamen Jihong Co has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Xiamen Jihong Co's Altman Z-Score compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Xiamen Jihong Co ranks #80 out of 398 companies for Altman Z-Score. This places Xiamen Jihong Co in the top 20% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.64. Xiamen Jihong Co's value of 4.94 is 87.5% above this benchmark. Historically, Xiamen Jihong Co's own Altman Z-Score has ranged from 4.47 to 13.84 over the past decade. While the company's 10-year median is 6.57 vs. the industry median of 2.64, Xiamen Jihong Co 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 Packaging & Containers company?
The median Altman Z-Score among Packaging & Containers companies is 2.64, based on 398 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. Xiamen Jihong Co's current Altman Z-Score of 4.94 is 87.5% 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 Xiamen Jihong Co and its competitors. For the Packaging & Containers industry, the median Altman Z-Score is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xiamen Jihong Co's current Altman Z-Score is 4.94, which is 25% below median its own 10-year median of 6.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xiamen Jihong Co stock overvalued right now?
Based on GuruFocus' analysis, Xiamen Jihong Co (HKSE:02603) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$10.95, compared to a current price of HK$12.15 — trading 11% above its estimated fair value. The current Altman Z-Score is 4.94, which is 25% below median its 10-year median of 6.57 and 87.5% above the Packaging & Containers industry median of 2.64. Xiamen Jihong Co's overall GF Score™ is 65/100 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 Xiamen Jihong Co (HKSE:02603), the current Altman Z-Score is 4.94 as of Aug. 24, 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 Xiamen Jihong Co (HKSE:02603) Overvalued in 2026?
Based on GuruFocus' analysis, Xiamen Jihong Co stock appears to be overvalued.
The current stock price of HK$12.15 is trading 11% above its estimated GF Value™ of HK$10.95.
GuruFocus considers Xiamen Jihong Co to be Modestly Overvalued.
Key valuation signals for HKSE:02603:
Altman Z-Score: 4.94 (25% below median its 10-year median of 6.57)
GF Value™: HK$10.95 vs. price of HK$12.15 (11% above fair value)
Industry Position: 87.5% above the Packaging & Containers median (#80 of 398)
No single metric tells the full story. See the HKSE:02603 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Xiamen Jihong Co Ltd is principally engaged in the business of paper packaging and cross-border social e-commerce. The company has three reportable operating segments as follows: (i) The cross-border social e-commerce operation; (ii) The paper packaging operation; and (iii) The other operations. The majority of revenue is derived from the cross-border social e-commerce operation segment.
65GF Score
Get the complete analysis for HKSE:02603
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:02603 has been successfully added to your 
