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Central China New LifeHKSE:09983 +1.56%68 Altman Z-Score is 1.74 as of Aug. 10, 2026, which is 30% below its 10-year median of 2.50. GuruFocus rates HKSE:09983 with a GF Score™ of 68/100 and a GF Value™ of HK$1.28 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,730 Real Estate companies, Central China New Life ranks better than 63.18% 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 1.74 is in distress zone. This implies bankruptcy possibility in the next two years.
Central China New Life has a Altman Z-Score of 1.74, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
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 Central China New Life's Altman Z-Score or its related term are showing as below:
HKSE:09983'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.23 Med: 2.5 Max: 4.7
Current: 1.74
During the past 9 years, Central China New Life's highest Altman Z-Score was 4.70. The lowest was 1.23. And the median was 2.50.
Central China New Life (HKSE:09983) 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.
Central China New Life Altman Z-Score Related Terms
Central China New Life Altman Z-Score Historical Data
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The historical data trend for Central China New Life'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:09983 vs CBRE, BEKE, JLL: Altman Z-Score Comparison
For the Real Estate Services subindustry, Central China New Life'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.
Central China New Life Altman Z-Score vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Central China New Life's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Central China New Life'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.
Central China New Life (HKSE:09983) has a Altman Z-Score of 1.74 as of Aug. 10, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Central China New Life and its competitors. This is 30% below median its historical median of 2.50. Over the past decade, Central China New Life's Altman Z-Score has ranged from 1.23 to 4.70. According to the industry distribution chart, Central China New Life ranks #637 out of 1730 companies in the Real Estate industry, placing it in the top 36.8%.
Is Central China New Life's Altman Z-Score too high?
Central China New Life's current Altman Z-Score of 1.74 is 30% below median its 10-year median of 2.50. Over the past 10 years, this metric has ranged from a low of 1.23 to a high of 4.70. The Real Estate industry median Altman Z-Score is 1.31. Central China New Life's value of 1.74 is 33.3% above this industry median. Based on the distribution chart, Central China New Life ranks #637 out of 1730 companies in the Real Estate industry, which is above the industry midpoint. Overall, Central China New Life has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Central China New Life's Altman Z-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Central China New Life ranks #637 out of 1730 companies for Altman Z-Score. This puts Central China New Life in the upper half of its industry. The industry median Altman Z-Score is 1.31. Central China New Life's value of 1.74 is 33.3% above this benchmark. Historically, Central China New Life's own Altman Z-Score has ranged from 1.23 to 4.70 over the past decade. While the company's 10-year median is 2.50 vs. the industry median of 1.31, Central China New Life 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 1,730 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. Central China New Life's current Altman Z-Score of 1.74 is 33.3% 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 Central China New Life 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. Central China New Life's current Altman Z-Score is 1.74, which is 30% below median its own 10-year median of 2.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central China New Life stock overvalued right now?
Based on GuruFocus' analysis, Central China New Life (HKSE:09983) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.28, compared to a current price of HK$0.33 — trading 74.6% below its estimated fair value. The current Altman Z-Score is 1.74, which is 30% below median its 10-year median of 2.50 and 33.3% above the Real Estate industry median of 1.31. Central China New Life's overall GF Score™ is 68/100 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 Central China New Life (HKSE:09983), the current Altman Z-Score is 1.74 as of Aug. 10, 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 Central China New Life (HKSE:09983) Overvalued in 2026?
Based on GuruFocus' analysis, Central China New Life stock appears to be undervalued.
The current stock price of HK$0.33 is trading 74.6% below its estimated GF Value™ of HK$1.28.
GuruFocus considers Central China New Life to be Possible Value Trap.
Key valuation signals for HKSE:09983:
Altman Z-Score: 1.74 (30% below median its 10-year median of 2.50)
GF Value™: HK$1.28 vs. price of HK$0.33 (74.6% below fair value)
Industry Position: 33.3% above the Real Estate median (#637 of 1730)
No single metric tells the full story. See the HKSE:09983 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Central China New Life Ltd is a property management company in central China with a geographical focus in Henan province. The revenue of the Group was generated from three main business lines: property management services; community value-added services; and value-added services to non-property owners. The company generates the majority of its revenue from property management services. The Group mainly operates its businesses in the PRC and earns substantially all of the revenue from customers in the PRC region.
68GF Score
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