Tsinghua Tongfang Co (SHSE:600100) Altman Z-Score: 1.02 (As of Jul. 27, 2026) — Near Median

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SHSE:600100 Tsinghua Tongfang Co Ltd SHSE:600100
50 GF Score
Price ¥6.88
GF Value ¥4.45
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Tsinghua Tongfang Co Altman Z-Score?

Tsinghua Tongfang Co SHSE:600100 +1.33% 50 Altman Z-Score is 1.02 as of Jul. 27, 2026, which is 1% above its 10-year median of 1.01. GuruFocus rates SHSE:600100 with a GF Score™ of 50/100 and a GF Value™ of ¥4.45 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,460 Hardware companies, Tsinghua Tongfang Co ranks worse than 87.4% 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 1.02 is in distress zone. This implies bankruptcy possibility in the next two years.

Tsinghua Tongfang Co has a Altman Z-Score of 1.02, 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 Tsinghua Tongfang Co's Altman Z-Score or its related term are showing as below:

SHSE:600100' s Altman Z-Score Range Over the Past 10 Years
Min: 0.55   Med: 1.01   Max: 2.08
Current: 1.02

During the past 13 years, Tsinghua Tongfang Co's highest Altman Z-Score was 2.08. The lowest was 0.55. And the median was 1.01.


Tsinghua Tongfang Co  (SHSE:600100) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Tsinghua Tongfang Co Altman Z-Score Related Terms


Tsinghua Tongfang Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Tsinghua Tongfang Co'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.

Tsinghua Tongfang Co Altman Z-Score Chart

Tsinghua Tongfang Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.75 0.69 1.00 1.10 1.23

Tsinghua Tongfang Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.08 0.94 1.17 1.23 1.09

SHSE:600100 vs DELL, ANET, SNDK: Altman Z-Score Comparison

For the Computer Hardware subindustry, Tsinghua Tongfang Co'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.


Tsinghua Tongfang Co Altman Z-Score vs Hardware Industry

For the Hardware industry and Technology sector, Tsinghua Tongfang Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Tsinghua Tongfang Co's Altman Z-Score falls into.


SHSE:600100
50GF Score
Tsinghua Tongfang Co Ltd SHSE:600100
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Tsinghua Tongfang Co 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.

Tsinghua Tongfang Co'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*0.116+1.4*0.0356+3.3*0.0124+0.6*0.8125+1.0*0.3045
=1.02

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ¥48,728 Mil.
Total Current Assets was ¥24,103 Mil.
Total Current Liabilities was ¥18,450 Mil.
Retained Earnings was ¥1,734 Mil.
Pre-Tax Income was -247.24 + 153.972 + 465.831 + -171.329 = ¥201 Mil.
Interest Expense was -87.398 + -102.188 + -102.177 + -109.05 = ¥-401 Mil.
Revenue was 1793.212 + 6659.418 + 2738.399 + 3648.032 = ¥14,839 Mil.
Market Cap (Today) was ¥23,050 Mil.
Total Liabilities was ¥28,370 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(24103.217 - 18449.845)/48727.919
=0.116

X2=Retained Earnings/Total Assets
=1734.405/48727.919
=0.0356

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(201.234 - -400.813)/48727.919
=0.0124

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=23050.048/28370.346
=0.8125

X5=Revenue/Total Assets
=14839.061/48727.919
=0.3045

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Tsinghua Tongfang Co has a Altman Z-Score of 1.02 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 1.02 mean?
Tsinghua Tongfang Co (SHSE:600100) has a Altman Z-Score of 1.02 as of Jul. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tsinghua Tongfang Co and its competitors. This is near median its historical median of 1.01. Over the past decade, Tsinghua Tongfang Co's Altman Z-Score has ranged from 0.55 to 2.08. According to the industry distribution chart, Tsinghua Tongfang Co ranks #2150 out of 2460 companies in the Hardware industry, placing it in the top 87.4%.
Is Tsinghua Tongfang Co's Altman Z-Score too high?
Tsinghua Tongfang Co's current Altman Z-Score of 1.02 is near median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 2.08. The Hardware industry median Altman Z-Score is 3.38. Tsinghua Tongfang Co's value of 1.02 is 69.8% below this industry median. Based on the distribution chart, Tsinghua Tongfang Co ranks #2150 out of 2460 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Tsinghua Tongfang Co has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tsinghua Tongfang Co's Altman Z-Score compare to DELL and ANET?
According to the Hardware industry distribution chart, Tsinghua Tongfang Co ranks #2150 out of 2460 companies for Altman Z-Score. This places Tsinghua Tongfang Co in the lower half of its industry. The industry median Altman Z-Score is 3.38. Tsinghua Tongfang Co's value of 1.02 is 69.8% below this benchmark. Historically, Tsinghua Tongfang Co's own Altman Z-Score has ranged from 0.55 to 2.08 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 3.38, Tsinghua Tongfang Co 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.38, based on 2,460 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. Tsinghua Tongfang Co's current Altman Z-Score of 1.02 is 69.8% 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 Tsinghua Tongfang Co and its competitors. For the Hardware industry, the median Altman Z-Score is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tsinghua Tongfang Co's current Altman Z-Score is 1.02, which is near median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsinghua Tongfang Co stock overvalued right now?
Based on GuruFocus' analysis, Tsinghua Tongfang Co (SHSE:600100) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥4.45, compared to a current price of ¥6.88 — trading 54.6% above its estimated fair value. The current Altman Z-Score is 1.02, which is near median its 10-year median of 1.01 and 69.8% below the Hardware industry median of 3.38. Tsinghua Tongfang Co's overall GF Score™ is 50/100 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 Tsinghua Tongfang Co (SHSE:600100), the current Altman Z-Score is 1.02 as of Jul. 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.

Is Tsinghua Tongfang Co (SHSE:600100) Overvalued in 2026?

Based on GuruFocus' analysis, Tsinghua Tongfang Co stock appears to be overvalued. The current stock price of ¥6.88 is trading 54.6% above its estimated GF Value™ of ¥4.45. GuruFocus considers Tsinghua Tongfang Co to be Significantly Overvalued.

Key valuation signals for SHSE:600100:

  • Altman Z-Score: 1.02 (near median its 10-year median of 1.01)
  • GF Value™: ¥4.45 vs. price of ¥6.88 (54.6% above fair value)
  • GF Score™: 50/100 with 6 warning signs
  • Industry Position: 69.8% below the Hardware median (#2150 of 2460)

No single metric tells the full story. See the SHSE:600100 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tsinghua Tongfang Co Business Description

Address No. 1 Wangzhuang Road, 30th Floor, Tower A, Tsinghua Tongfang Technology Building, Haidian District, Beijing, CHN, 100083
Tsinghua Tongfang Co Ltd is a China-based company engaged in to the industrial fields of nuclear technology application, smart energy, and digital information. Its business model is manufacturing and software and information technology service industries. Its products are security inspection equipment, CNKI knowledge data products, data applications, urban heating networks, rail transit intelligence, heat pump energy-saving products, lighting and scientific and industrial equipment, computers and peripheral products, and other commercial and consumer electronic equipment, technological financial services to help promote technological innovation and development, and Others.
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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥6.88
Price
¥4.45
GF Value