Lee & Man Paper ManufacturingLMPMY -6.09%69 Altman Z-Score is 1.70 as of Jun. 25, 2026, which is 3% below its 10-year median of 1.75. GuruFocus rates LMPMY with a GF Score™ of 69/100 and a GF Value™ of $3.04 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 283 Forest Products companies, Lee & Man Paper Manufacturing ranks worse than 53.71% 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 1.72 is in distress zone. This implies bankruptcy possibility in the next two years.
Lee & Man Paper Manufacturing has a Altman Z-Score of 1.70, 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 Lee & Man Paper Manufacturing's Altman Z-Score or its related term are showing as below:
LMPMY'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.11 Med: 1.75 Max: 2.35
Current: 1.72
During the past 13 years, Lee & Man Paper Manufacturing's highest Altman Z-Score was 2.35. The lowest was 1.11. And the median was 1.75.
Lee & Man Paper Manufacturing (OTCPK:LMPMY) 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.
Lee & Man Paper Manufacturing Altman Z-Score Chart
Lee & Man Paper Manufacturing Altman Z-Score Competitor Comparison
For the Paper & Paper Products subindustry, Lee & Man Paper Manufacturing'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.
Lee & Man Paper Manufacturing Altman Z-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Lee & Man Paper Manufacturing's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Lee & Man Paper Manufacturing's Altman Z-Score falls into.
Lee & Man Paper Manufacturing 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.
Lee & Man Paper Manufacturing (LMPMY) has a Altman Z-Score of 1.70 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Lee & Man Paper Manufacturing and its competitors. This is near median its historical median of 1.75. Over the past decade, Lee & Man Paper Manufacturing's Altman Z-Score has ranged from 1.11 to 2.35. According to the industry distribution chart, Lee & Man Paper Manufacturing ranks #152 out of 283 companies in the Forest Products industry, placing it in the top 53.7%.
Is Lee & Man Paper Manufacturing's Altman Z-Score too high?
Lee & Man Paper Manufacturing's current Altman Z-Score of 1.70 is near median its 10-year median of 1.75. Over the past 10 years, this metric has ranged from a low of 1.11 to a high of 2.35. The Forest Products industry median Altman Z-Score is 1.81. Lee & Man Paper Manufacturing's value of 1.70 is 6.1% below this industry median. Based on the distribution chart, Lee & Man Paper Manufacturing ranks #152 out of 283 companies in the Forest Products industry, which is below the industry midpoint. Overall, Lee & Man Paper Manufacturing has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lee & Man Paper Manufacturing's Altman Z-Score compare to competitors?
According to the Forest Products industry distribution chart, Lee & Man Paper Manufacturing ranks #152 out of 283 companies for Altman Z-Score. This places Lee & Man Paper Manufacturing in the lower half of its industry. The industry median Altman Z-Score is 1.81. Lee & Man Paper Manufacturing's value of 1.70 is 6.1% below this benchmark. Historically, Lee & Man Paper Manufacturing's own Altman Z-Score has ranged from 1.11 to 2.35 over the past decade. While the company's 10-year median is 1.75 vs. the industry median of 1.81, Lee & Man Paper Manufacturing 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 Forest Products company?
The median Altman Z-Score among Forest Products companies is 1.81, based on 283 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. Lee & Man Paper Manufacturing's current Altman Z-Score of 1.70 is 6.1% 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 Lee & Man Paper Manufacturing and its competitors. For the Forest Products industry, the median Altman Z-Score is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lee & Man Paper Manufacturing's current Altman Z-Score is 1.70, which is near median its own 10-year median of 1.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lee & Man Paper Manufacturing stock overvalued right now?
Based on GuruFocus' analysis, Lee & Man Paper Manufacturing (LMPMY) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.04, compared to a current price of $3.70 — trading 21.7% above its estimated fair value. The current Altman Z-Score is 1.70, which is near median its 10-year median of 1.75 and 6.1% below the Forest Products industry median of 1.81. Lee & Man Paper Manufacturing's overall GF Score™ is 69/100 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 Lee & Man Paper Manufacturing (LMPMY), the current Altman Z-Score is 1.70 as of Jun. 25, 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 Lee & Man Paper Manufacturing (LMPMY) Overvalued in 2026?
Based on GuruFocus' analysis, Lee & Man Paper Manufacturing stock appears to be overvalued.
The current stock price of $3.70 is trading 21.7% above its estimated GF Value™ of $3.04.
GuruFocus considers Lee & Man Paper Manufacturing to be Modestly Overvalued.
Key valuation signals for LMPMY:
Altman Z-Score: 1.70 (near median its 10-year median of 1.75)
GF Value™: $3.04 vs. price of $3.70 (21.7% above fair value)
Industry Position: 6.1% below the Forest Products median (#152 of 283)
No single metric tells the full story. See the LMPMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lee & Man Paper Manufacturing Business Description
Lee & Man Paper Manufacturing Ltd is an investment holding company engaged in the manufacturing and trading of paper and pulp. Its segments are Packaging Paper, Pulp, and Tissue paper. The majority of the revenue is generated from the packaging paper segment that covers the production of kraft liner board, test liner board, coated duplex board, white top liner board, and strength corrugating medium. Its products include Wood pulp products, Boxboard paper products, Pink Gray Card Products, and Toilet Paper Products. The company generates maximum revenue from PRC, and also has its presence in Malaysia; Vietnam; and Hong Kong, Macau and others.
69GF Score
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