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Migao Group HoldingsHKSE:09879 +1.28%44 Altman Z-Score is 4.23 as of Aug. 16, 2026, which is 13% above its 10-year median of 3.75. GuruFocus rates HKSE:09879 with a GF Score™ of 44/100. The stock has 6 warning signs investors should review. Among 248 Agriculture companies, Migao Group Holdings ranks better than 76.21% 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 4.23 is strong.
Migao Group Holdings has a Altman Z-Score of 4.23, 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 Migao Group Holdings's Altman Z-Score or its related term are showing as below:
HKSE:09879'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.44 Med: 3.75 Max: 4.23
Current: 4.23
During the past 6 years, Migao Group Holdings's highest Altman Z-Score was 4.23. The lowest was 3.44. And the median was 3.75.
Migao Group Holdings (HKSE:09879) 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.
Migao Group Holdings Altman Z-Score Related Terms
Migao Group Holdings Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Migao Group Holdings'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:09879 vs CTVA, CF, MOS: Altman Z-Score Comparison
For the Agricultural Inputs subindustry, Migao Group 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.
Migao Group Holdings Altman Z-Score vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Migao Group Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Migao Group Holdings'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.
Migao Group Holdings'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
*
0.413
+
1.4
*
0.5617
+
3.3
*
0.0809
+
0.6
*
2.7424
+
1.0
*
1.0318
=
4.23
* 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.
Migao Group Holdings (HKSE:09879) has a Altman Z-Score of 4.23 as of Aug. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Migao Group Holdings and its competitors. This is 13% above median its historical median of 3.75. Over the past decade, Migao Group Holdings' Altman Z-Score has ranged from 3.44 to 4.23. According to the industry distribution chart, Migao Group Holdings ranks #59 out of 248 companies in the Agriculture industry, placing it in the top 23.8%.
Is Migao Group Holdings' Altman Z-Score too high?
Migao Group Holdings' current Altman Z-Score of 4.23 is 13% above median its 10-year median of 3.75. Over the past 10 years, this metric has ranged from a low of 3.44 to a high of 4.23. The Agriculture industry median Altman Z-Score is 2.69. Migao Group Holdings' value of 4.23 is 57.2% above this industry median. Based on the distribution chart, Migao Group Holdings ranks #59 out of 248 companies in the Agriculture industry, which is in the top quartile — a strong position relative to peers. Overall, Migao Group Holdings has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Migao Group Holdings' Altman Z-Score compare to CTVA and CF?
According to the Agriculture industry distribution chart, Migao Group Holdings ranks #59 out of 248 companies for Altman Z-Score. This places Migao Group Holdings in the top 24% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.69. Migao Group Holdings' value of 4.23 is 57.2% above this benchmark. Historically, Migao Group Holdings' own Altman Z-Score has ranged from 3.44 to 4.23 over the past decade. While the company's 10-year median is 3.75 vs. the industry median of 2.69, Migao Group 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 an Agriculture company?
The median Altman Z-Score among Agriculture companies is 2.69, based on 248 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. Migao Group Holdings's current Altman Z-Score of 4.23 is 57.2% 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 Migao Group Holdings and its competitors. For the Agriculture industry, the median Altman Z-Score is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Migao Group Holdings's current Altman Z-Score is 4.23, which is 13% above median its own 10-year median of 3.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Migao Group Holdings stock overvalued right now?
Migao Group Holdings (HKSE:09879) has a current Altman Z-Score of 4.23. The current Altman Z-Score is 4.23, which is 13% above median its 10-year median of 3.75 and 57.2% above the Agriculture industry median of 2.69. Migao Group Holdings' overall GF Score™ is 44/100 with 6 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 Migao Group Holdings (HKSE:09879), the current Altman Z-Score is 4.23 as of Aug. 16, 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.
Migao Group Holdings Ltd is a national potash fertilizer company in China with sourcing and procurement, processing, and manufacturing. It sells various potash fertilizer products, including KCL, SOP, NOP, and compound fertilizers and Others. Geographically, the company generates a majority of its revenue from its business in the People's Republic of China.
44GF Score
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