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E-Star Commercial Management CoHKSE:06668 89 Altman Z-Score is 2.39 as of Sep. 09, 2026, which is 0% above its 10-year median of 2.38. GuruFocus rates HKSE:06668 with a GF Score™ of 89/100 and a GF Value™ of HK$1.35 (Fairly Valued). The stock has 10 warning signs investors should review. Among 1,731 Real Estate companies, E-Star Commercial Management Co ranks better than 76.49% 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 2.4 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.
E-Star Commercial Management Co has a Altman Z-Score of 2.39, indicating it is in Grey Zones. This implies that E-Star Commercial Management Co 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 E-Star Commercial Management Co's Altman Z-Score or its related term are showing as below:
HKSE:06668'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.23 Med: 2.38 Max: 8.49
Current: 2.4
During the past 9 years, E-Star Commercial Management Co's highest Altman Z-Score was 8.49. The lowest was 2.23. And the median was 2.38.
E-Star Commercial Management Co (HKSE:06668) 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.
* 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.
E-Star Commercial Management Co Altman Z-Score Chart
HKSE:06668 vs CBRE, BEKE, JLL: Altman Z-Score Comparison
For the Real Estate Services subindustry, E-Star Commercial Management 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.
E-Star Commercial Management Co Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, E-Star Commercial Management Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where E-Star Commercial Management Co's Altman Z-Score falls into.
E-Star Commercial Management Co 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.
* 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.
E-Star Commercial Management Co (HKSE:06668) has a Altman Z-Score of 2.39 as of Sep. 09, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on E-Star Commercial Management Co and its competitors. This is near median its historical median of 2.38. Over the past decade, E-Star Commercial Management Co's Altman Z-Score has ranged from 2.23 to 8.49. According to the industry distribution chart, E-Star Commercial Management Co ranks #407 out of 1731 companies in the Real Estate industry, placing it in the top 23.5%.
Is E-Star Commercial Management Co's Altman Z-Score too high?
E-Star Commercial Management Co's current Altman Z-Score of 2.39 is near median its 10-year median of 2.38. Over the past 10 years, this metric has ranged from a low of 2.23 to a high of 8.49. The Real Estate industry median Altman Z-Score is 1.31. E-Star Commercial Management Co's value of 2.39 is 82.4% above this industry median. Based on the distribution chart, E-Star Commercial Management Co ranks #407 out of 1731 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, E-Star Commercial Management Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does E-Star Commercial Management Co's Altman Z-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, E-Star Commercial Management Co ranks #407 out of 1731 companies for Altman Z-Score. This places E-Star Commercial Management Co in the top 24% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.31. E-Star Commercial Management Co's value of 2.39 is 82.4% above this benchmark. Historically, E-Star Commercial Management Co's own Altman Z-Score has ranged from 2.23 to 8.49 over the past decade. While the company's 10-year median is 2.38 vs. the industry median of 1.31, E-Star Commercial Management 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.31, based on 1,731 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. E-Star Commercial Management Co's current Altman Z-Score of 2.39 is 82.4% 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 E-Star Commercial Management Co 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. E-Star Commercial Management Co's current Altman Z-Score is 2.39, which is near median its own 10-year median of 2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is E-Star Commercial Management Co stock overvalued right now?
Based on GuruFocus' analysis, E-Star Commercial Management Co (HKSE:06668) is currently considered Fairly Valued. The stock's GF Value™ is HK$1.35, compared to a current price of HK$1.38 — trading 2.2% above its estimated fair value. The current Altman Z-Score is 2.39, which is near median its 10-year median of 2.38 and 82.4% above the Real Estate industry median of 1.31. E-Star Commercial Management Co's overall GF Score™ is 89/100 with 10 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 E-Star Commercial Management Co (HKSE:06668), the current Altman Z-Score is 2.39 as of Sep. 09, 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 E-Star Commercial Management Co (HKSE:06668) Overvalued in 2026?
Based on GuruFocus' analysis, E-Star Commercial Management Co stock appears to be overvalued.
The current stock price of HK$1.38 is trading 2.2% above its estimated GF Value™ of HK$1.35.
GuruFocus considers E-Star Commercial Management Co to be Fairly Valued.
Key valuation signals for HKSE:06668:
Altman Z-Score: 2.39 (near median its 10-year median of 2.38)
GF Value™: HK$1.35 vs. price of HK$1.38 (2.2% above fair value)
Industry Position: 82.4% above the Real Estate median (#407 of 1731)
No single metric tells the full story. See the HKSE:06668 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
E-Star Commercial Management Co Ltd is a commercial property operational service provider in China. It is engaged in providing consultancy services to property owners; tenant sourcing services, and operational management services to tenants and property owners, and rent collection services; property leasing services including sublease of commercial spaces; and value-added services including management of common areas in the shopping centers and management of advertising spaces, such as LED boards and interior and exterior facades of the shopping centers. the Group's operations are mainly in the PRC. The Group generates revenue from provision of commercial property operational services to either owners or tenants in respect of the commercial properties in the PRC.
89GF Score
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