iTonic HoldingsITOC -1.29%14 Altman Z-Score is 1.13 as of Jun. 27, 2026, which is 97% below its 10-year median of 36.48. GuruFocus rates ITOC with a GF Score™ of 14/100. The stock has 6 warning signs investors should review. Among 809 Medical Devices & Instruments companies, iTonic Holdings ranks worse than 71.45% 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 1.13 is in distress zone. This implies bankruptcy possibility in the next two years.
iTonic Holdings has a Altman Z-Score of 1.13, 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 iTonic Holdings's Altman Z-Score or its related term are showing as below:
ITOC'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.13 Med: 36.48 Max: 70.69
Current: 1.13
During the past 5 years, iTonic Holdings's highest Altman Z-Score was 70.69. The lowest was 1.13. And the median was 36.48.
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.
iTonic Holdings Altman Z-Score Related Terms
iTonic Holdings Altman Z-Score Historical Data
* Premium members only.
The historical data trend for iTonic 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.
ITOC vs HSCS, FEED, ADMT: Altman Z-Score Comparison
For the Medical Devices subindustry, iTonic 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.
iTonic Holdings Altman Z-Score vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, iTonic Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where iTonic 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.
iTonic 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
*
0.3985
+
1.4
*
-0.618
+
3.3
*
-0.5605
+
0.6
*
5.5103
+
1.0
*
0.0575
=
1.13
* 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.
iTonic Holdings (ITOC) has a Altman Z-Score of 1.13 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on iTonic Holdings and its competitors. This is 97% below median its historical median of 36.48. Over the past decade, iTonic Holdings' Altman Z-Score has ranged from 1.13 to 70.69. According to the industry distribution chart, iTonic Holdings ranks #578 out of 809 companies in the Medical Devices & Instruments industry, placing it in the top 71.4%.
Is iTonic Holdings' Altman Z-Score too high?
iTonic Holdings' current Altman Z-Score of 1.13 is 97% below median its 10-year median of 36.48. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 70.69. The Medical Devices & Instruments industry median Altman Z-Score is 2.92. iTonic Holdings' value of 1.13 is 61.3% below this industry median. Based on the distribution chart, iTonic Holdings ranks #578 out of 809 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, iTonic Holdings has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does iTonic Holdings' Altman Z-Score compare to HSCS and FEED?
According to the Medical Devices & Instruments industry distribution chart, iTonic Holdings ranks #578 out of 809 companies for Altman Z-Score. This places iTonic Holdings in the lower half of its industry. The industry median Altman Z-Score is 2.92. iTonic Holdings' value of 1.13 is 61.3% below this benchmark. Historically, iTonic Holdings' own Altman Z-Score has ranged from 1.13 to 70.69 over the past decade. While the company's 10-year median is 36.48 vs. the industry median of 2.92, iTonic Holdings has consistently been below 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 Medical Devices & Instruments company?
The median Altman Z-Score among Medical Devices & Instruments companies is 2.92, based on 809 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. iTonic Holdings's current Altman Z-Score of 1.13 is 61.3% below 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 iTonic Holdings and its competitors. For the Medical Devices & Instruments industry, the median Altman Z-Score is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. iTonic Holdings's current Altman Z-Score is 1.13, which is 97% below median its own 10-year median of 36.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iTonic Holdings stock overvalued right now?
iTonic Holdings (ITOC) has a current Altman Z-Score of 1.13. The current Altman Z-Score is 1.13, which is 97% below median its 10-year median of 36.48 and 61.3% below the Medical Devices & Instruments industry median of 2.92. iTonic Holdings' overall GF Score™ is 14/100 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 iTonic Holdings (ITOC), the current Altman Z-Score is 1.13 as of Jun. 27, 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.
iTonic Holdings Ltd through its subsidiary, focuses on healthcare solutions for brachytherapy, a targeted radiation therapy used in cancer treatment. Its product, Beijing Feitian's Treatment Planning System, helps ensure safe and effective brachytherapy using radioactive sources inside the patient to kill cancer cells and shrink tumors. Its product portfolio also includes Medical Auxiliary Supplies such as seed implant needles, computer workstations, patient positioning device, etc.
14GF Score
Get the complete analysis for ITOC
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ITOC has been successfully added to your 
