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Global TestingSGX:AYN 78 Altman Z-Score is 3.15 as of Aug. 03, 2026, which is 6% above its 10-year median of 2.98. GuruFocus rates SGX:AYN with a GF Score™ of 78/100 and a GF Value™ of S$1.16 (Fairly Valued). Among 1,014 Semiconductors companies, Global Testing ranks worse than 63.21% 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 3.14 is strong.
Global Testing has a Altman Z-Score of 3.15, 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 Global Testing's Altman Z-Score or its related term are showing as below:
SGX:AYN'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.03 Med: 2.98 Max: 4.22
Current: 3.14
During the past 13 years, Global Testing's highest Altman Z-Score was 4.22. The lowest was 1.03. And the median was 2.98.
Global Testing (SGX:AYN) 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.
Global Testing Altman Z-Score Related Terms
Global Testing Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Global Testing'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.
SGX:AYN vs AMAT, LRCX, KLAC: Altman Z-Score Comparison
For the Semiconductor Equipment & Materials subindustry, Global Testing'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.
Global Testing Altman Z-Score vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Global Testing's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Global Testing'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.
Global Testing'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
*
0.3414
+
1.4
*
0.3035
+
3.3
*
0.0796
+
0.6
*
2.2303
+
1.0
*
0.718
=
3.15
* 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.
Global Testing (SGX:AYN) has a Altman Z-Score of 3.15 as of Aug. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Global Testing and its competitors. This is near median its historical median of 2.98. Over the past decade, Global Testing's Altman Z-Score has ranged from 1.03 to 4.22. According to the industry distribution chart, Global Testing ranks #641 out of 1014 companies in the Semiconductors industry, placing it in the top 63.2%.
Is Global Testing's Altman Z-Score too high?
Global Testing's current Altman Z-Score of 3.15 is near median its 10-year median of 2.98. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 4.22. The Semiconductors industry median Altman Z-Score is 4.58. Global Testing's value of 3.15 is 31.2% below this industry median. Based on the distribution chart, Global Testing ranks #641 out of 1014 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Global Testing has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Global Testing's Altman Z-Score compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Global Testing ranks #641 out of 1014 companies for Altman Z-Score. This places Global Testing in the lower half of its industry. The industry median Altman Z-Score is 4.58. Global Testing's value of 3.15 is 31.2% below this benchmark. Historically, Global Testing's own Altman Z-Score has ranged from 1.03 to 4.22 over the past decade. While the company's 10-year median is 2.98 vs. the industry median of 4.58, Global Testing 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 Semiconductors company?
The median Altman Z-Score among Semiconductors companies is 4.58, based on 1,014 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. Global Testing's current Altman Z-Score of 3.15 is 31.2% 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 Global Testing and its competitors. For the Semiconductors industry, the median Altman Z-Score is 4.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Global Testing's current Altman Z-Score is 3.15, which is near median its own 10-year median of 2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Global Testing stock overvalued right now?
Based on GuruFocus' analysis, Global Testing (SGX:AYN) is currently considered Fairly Valued. The stock's GF Value™ is S$1.16, compared to a current price of S$1.15 — trading 0.9% below its estimated fair value. The current Altman Z-Score is 3.15, which is near median its 10-year median of 2.98 and 31.2% below the Semiconductors industry median of 4.58. Global Testing's overall GF Score™ is 78/100. 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 Global Testing (SGX:AYN), the current Altman Z-Score is 3.15 as of Aug. 03, 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 Global Testing (SGX:AYN) Overvalued in 2026?
Based on GuruFocus' analysis, Global Testing stock appears to be undervalued.
The current stock price of S$1.15 is trading 0.9% below its estimated GF Value™ of S$1.16.
GuruFocus considers Global Testing to be Fairly Valued.
Key valuation signals for SGX:AYN:
Altman Z-Score: 3.15 (near median its 10-year median of 2.98)
GF Value™: S$1.16 vs. price of S$1.15 (0.9% below fair value)
Industry Position: 31.2% below the Semiconductors median (#641 of 1014)
No single metric tells the full story. See the SGX:AYN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Global Testing Corp Ltd is engaged in providing testing services. The group provides testing services such as wafer sorting and final testing to the semiconductor industry, focusing on logic and mixed-signal semiconductors used in consumer electronics and communication devices. As part of its testing services, it provides test program development, conversion and optimization services, load board and probe card design, and leases its testers to its customers for trial and pilot testing purposes on an ad hoc basis. Geographically the business presence of the company is seen across the region of Singapore, the USA, Taiwan, Thailand, China, Japan, and other countries.
78GF Score
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