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GigaDevice SemiconductorHKSE:03986 -0.43%69 Altman Z-Score is 35.59 as of Sep. 04, 2026, which is 11% above its 10-year median of 32.20. GuruFocus rates HKSE:03986 with a GF Score™ of 69/100 and a GF Value™ of HK$366.05 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,015 Semiconductors companies, GigaDevice Semiconductor ranks better than 94.38% 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 34.48 is strong.
GigaDevice Semiconductor has a Altman Z-Score of 35.59, 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 GigaDevice Semiconductor's Altman Z-Score or its related term are showing as below:
HKSE:03986'
s Altman Z-Score Range Over the Past 10 Years
Min: 13.33 Med: 32.2 Max: 80.23
Current: 34.48
During the past 13 years, GigaDevice Semiconductor's highest Altman Z-Score was 80.23. The lowest was 13.33. And the median was 32.20.
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.
* 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:03986 vs NVDA, AVGO, MU: Altman Z-Score Comparison
For the Semiconductors subindustry, GigaDevice Semiconductor'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.
GigaDevice Semiconductor Altman Z-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, GigaDevice Semiconductor's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where GigaDevice Semiconductor'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.
* 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.
GigaDevice Semiconductor (HKSE:03986) has a Altman Z-Score of 35.59 as of Sep. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on GigaDevice Semiconductor and its competitors. This is 11% above median its historical median of 32.20. Over the past decade, GigaDevice Semiconductor's Altman Z-Score has ranged from 13.33 to 80.23. According to the industry distribution chart, GigaDevice Semiconductor ranks #57 out of 1015 companies in the Semiconductors industry, placing it in the top 5.6%.
Is GigaDevice Semiconductor's Altman Z-Score too high?
GigaDevice Semiconductor's current Altman Z-Score of 35.59 is 11% above median its 10-year median of 32.20. Over the past 10 years, this metric has ranged from a low of 13.33 to a high of 80.23. The Semiconductors industry median Altman Z-Score is 4.70. GigaDevice Semiconductor's value of 35.59 is 657.2% above this industry median. Based on the distribution chart, GigaDevice Semiconductor ranks #57 out of 1015 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, GigaDevice Semiconductor has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does GigaDevice Semiconductor's Altman Z-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, GigaDevice Semiconductor ranks #57 out of 1015 companies for Altman Z-Score. This places GigaDevice Semiconductor in the top 6% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 4.70. GigaDevice Semiconductor's value of 35.59 is 657.2% above this benchmark. Historically, GigaDevice Semiconductor's own Altman Z-Score has ranged from 13.33 to 80.23 over the past decade. While the company's 10-year median is 32.20 vs. the industry median of 4.70, GigaDevice Semiconductor 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 Semiconductors company?
The median Altman Z-Score among Semiconductors companies is 4.70, based on 1,015 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. GigaDevice Semiconductor's current Altman Z-Score of 35.59 is 657.2% 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 GigaDevice Semiconductor and its competitors. For the Semiconductors industry, the median Altman Z-Score is 4.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GigaDevice Semiconductor's current Altman Z-Score is 35.59, which is 11% above median its own 10-year median of 32.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GigaDevice Semiconductor stock overvalued right now?
Based on GuruFocus' analysis, GigaDevice Semiconductor (HKSE:03986) is currently considered Modestly Overvalued. The stock's GF Value™ is HK$366.05, compared to a current price of HK$464.80 — trading 27% above its estimated fair value. The current Altman Z-Score is 35.59, which is 11% above median its 10-year median of 32.20 and 657.2% above the Semiconductors industry median of 4.70. GigaDevice Semiconductor's overall GF Score™ is 69/100 with 5 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 GigaDevice Semiconductor (HKSE:03986), the current Altman Z-Score is 35.59 as of Sep. 04, 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 GigaDevice Semiconductor (HKSE:03986) Overvalued in 2026?
Based on GuruFocus' analysis, GigaDevice Semiconductor stock appears to be overvalued.
The current stock price of HK$464.80 is trading 27% above its estimated GF Value™ of HK$366.05.
GuruFocus considers GigaDevice Semiconductor to be Modestly Overvalued.
Key valuation signals for HKSE:03986:
Altman Z-Score: 35.59 (11% above median its 10-year median of 32.20)
GF Value™: HK$366.05 vs. price of HK$464.80 (27% above fair value)
Industry Position: 657.2% above the Semiconductors median (#57 of 1015)
No single metric tells the full story. See the HKSE:03986 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GigaDevice Semiconductor Inc is engaged in the domestic storage and Internet of Things (IoT) chip industry. Its product portfolio comprises of flash memories and microcontrollers. Some of its products are SPI NOR flash, SPI NAND flash, and ARM Cortex-M3, among others. The products are for use in embedded, consumer, and mobile communications applications.
69GF Score
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