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Man Shing Global HoldingsHKSE:08309 Altman Z-Score is 3.57 as of Jul. 31, 2026, which is 18% below its 10-year median of 4.34. The stock has 5 warning signs investors should review. Among 235 Waste Management companies, Man Shing Global Holdings ranks better than 75.74% 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 3.58 is strong.
Man Shing Global Holdings has a Altman Z-Score of 3.57, 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 Man Shing Global Holdings's Altman Z-Score or its related term are showing as below:
HKSE:08309'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.07 Med: 4.34 Max: 5.5
Current: 3.58
During the past 12 years, Man Shing Global Holdings's highest Altman Z-Score was 5.50. The lowest was 3.07. And the median was 4.34.
Man Shing Global Holdings (HKSE:08309) 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.
HKSE:08309 vs WM, RSG, WCN: Altman Z-Score Comparison
For the Waste Management subindustry, Man Shing Global 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.
Man Shing Global Holdings Altman Z-Score vs Waste Management Industry
For the Waste Management industry and Industrials sector, Man Shing Global Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Man Shing Global Holdings's Altman Z-Score falls into.
Man Shing Global 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.
* 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.
Man Shing Global Holdings (HKSE:08309) has a Altman Z-Score of 3.57 as of Jul. 31, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Man Shing Global Holdings and its competitors. This is 18% below median its historical median of 4.34. Over the past decade, Man Shing Global Holdings' Altman Z-Score has ranged from 3.07 to 5.50. According to the industry distribution chart, Man Shing Global Holdings ranks #57 out of 235 companies in the Waste Management industry, placing it in the top 24.3%.
Is Man Shing Global Holdings' Altman Z-Score too high?
Man Shing Global Holdings' current Altman Z-Score of 3.57 is 18% below median its 10-year median of 4.34. Over the past 10 years, this metric has ranged from a low of 3.07 to a high of 5.50. The Waste Management industry median Altman Z-Score is 1.96. Man Shing Global Holdings' value of 3.57 is 82.1% above this industry median. Based on the distribution chart, Man Shing Global Holdings ranks #57 out of 235 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers.
How does Man Shing Global Holdings' Altman Z-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Man Shing Global Holdings ranks #57 out of 235 companies for Altman Z-Score. This places Man Shing Global Holdings in the top 24% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 1.96. Man Shing Global Holdings' value of 3.57 is 82.1% above this benchmark. Historically, Man Shing Global Holdings' own Altman Z-Score has ranged from 3.07 to 5.50 over the past decade. While the company's 10-year median is 4.34 vs. the industry median of 1.96, Man Shing Global Holdings 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 Waste Management company?
The median Altman Z-Score among Waste Management companies is 1.96, based on 235 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. Man Shing Global Holdings's current Altman Z-Score of 3.57 is 82.1% 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 Man Shing Global Holdings and its competitors. For the Waste Management industry, the median Altman Z-Score is 1.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Man Shing Global Holdings's current Altman Z-Score is 3.57, which is 18% below median its own 10-year median of 4.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Man Shing Global Holdings stock overvalued right now?
Based on GuruFocus' analysis, Man Shing Global Holdings (HKSE:08309) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.03, compared to a current price of HK$0.08 — trading 166.7% above its estimated fair value. The current Altman Z-Score is 3.57, which is 18% below median its 10-year median of 4.34 and 82.1% above the Waste Management industry median of 1.96. 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 Man Shing Global Holdings (HKSE:08309), the current Altman Z-Score is 3.57 as of Jul. 31, 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.
Man Shing Global Holdings Ltd is an investment holding company, engaged in providing environmental cleaning solutions in Hong Kong. The company's offerings include cleaning services, street cleaning solutions, building cleaning solutions, bus and ferry cleaning solutions, waste transportation services, pest control services, and sewage treatment services. The company derives revenue from Hong Kong and operates in two segments, namely the environmental cleaning services segment, which derives the majority of revenue and engages in the provision of street cleanings, building cleaning, bus and ferry cleaning, and other cleaning services, and property management segment comprises the provision of property management services.
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