YTO Express Group Co (SHSE:600233) Altman Z-Score: 4.35 (As of Jul. 05, 2026) — 15% Below Median


SHSE:600233 YTO Express Group Co Ltd SHSE:600233
97 GF Score
Price ¥17.20
GF Value ¥19.06
Valuation Modestly Undervalued
! 3 Warning Signs
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What is YTO Express Group Co Altman Z-Score?

YTO Express Group Co SHSE:600233 -4.07% 97 Altman Z-Score is 4.35 as of Jul. 05, 2026, which is 15% below its 10-year median of 5.12. GuruFocus rates SHSE:600233 with a GF Score™ of 97/100 and a GF Value™ of ¥19.06 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 996 Transportation companies, YTO Express Group Co ranks better than 80.82% 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 4.35 is strong.

YTO Express Group Co has a Altman Z-Score of 4.35, 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 YTO Express Group Co's Altman Z-Score or its related term are showing as below:

SHSE:600233' s Altman Z-Score Range Over the Past 10 Years
Min: 3.85   Med: 5.12   Max: 31.31
Current: 4.35

During the past 13 years, YTO Express Group Co's highest Altman Z-Score was 31.31. The lowest was 3.85. And the median was 5.12.


YTO Express Group Co  (SHSE:600233) 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.


YTO Express Group Co Altman Z-Score Related Terms


YTO Express Group Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for YTO Express Group 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.

YTO Express Group Co Altman Z-Score Chart

YTO Express Group 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 5.11 5.74 4.03 4.12 4.04

YTO Express Group 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 4.07 3.90 4.38 4.04 4.69

SHSE:600233 vs UPS, FDX, JBHT: Altman Z-Score Comparison

For the Integrated Freight & Logistics subindustry, YTO Express Group 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.


YTO Express Group Co Altman Z-Score vs Transportation Industry

For the Transportation industry and Industrials sector, YTO Express Group Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where YTO Express Group Co's Altman Z-Score falls into.


SHSE:600233
97GF Score
YTO Express Group Co Ltd SHSE:600233
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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YTO Express Group 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.

YTO Express Group 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*0.0271+1.4*0.3977+3.3*0.1128+0.6*3.2969+1.0*1.4126
=4.35

* 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 ¥54,501 Mil.
Total Current Assets was ¥15,729 Mil.
Total Current Liabilities was ¥14,252 Mil.
Retained Earnings was ¥21,675 Mil.
Pre-Tax Income was 1752.859 + 1826.924 + 1244.446 + 1170.464 = ¥5,995 Mil.
Interest Expense was -35.926 + -36.72 + -36.554 + -41.556 = ¥-151 Mil.
Revenue was 18768.682 + 21121.346 + 18272.251 + 18822.959 = ¥76,985 Mil.
Market Cap (Today) was ¥58,875 Mil.
Total Liabilities was ¥17,858 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
=(15729.125 - 14252.286)/54500.822
=0.0271

X2=Retained Earnings/Total Assets
=21674.661/54500.822
=0.3977

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(5994.693 - -150.756)/54500.822
=0.1128

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=58874.570/17857.67
=3.2969

X5=Revenue/Total Assets
=76985.238/54500.822
=1.4126

The zones of discrimination were as such:

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

YTO Express Group Co has a Altman Z-Score of 4.35 indicating it is in Safe 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 4.35 mean?
YTO Express Group Co (SHSE:600233) has a Altman Z-Score of 4.35 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on YTO Express Group Co and its competitors. This is 15% below median its historical median of 5.12. Over the past decade, YTO Express Group Co's Altman Z-Score has ranged from 3.85 to 31.31. According to the industry distribution chart, YTO Express Group Co ranks #191 out of 996 companies in the Transportation industry, placing it in the top 19.2%.
Is YTO Express Group Co's Altman Z-Score too high?
YTO Express Group Co's current Altman Z-Score of 4.35 is 15% below median its 10-year median of 5.12. Over the past 10 years, this metric has ranged from a low of 3.85 to a high of 31.31. The Transportation industry median Altman Z-Score is 2.26. YTO Express Group Co's value of 4.35 is 92.5% above this industry median. Based on the distribution chart, YTO Express Group Co ranks #191 out of 996 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, YTO Express Group Co has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does YTO Express Group Co's Altman Z-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, YTO Express Group Co ranks #191 out of 996 companies for Altman Z-Score. This places YTO Express Group Co in the top 19% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.26. YTO Express Group Co's value of 4.35 is 92.5% above this benchmark. Historically, YTO Express Group Co's own Altman Z-Score has ranged from 3.85 to 31.31 over the past decade. While the company's 10-year median is 5.12 vs. the industry median of 2.26, YTO Express Group Co 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.26, based on 996 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. YTO Express Group Co's current Altman Z-Score of 4.35 is 92.5% 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 YTO Express Group Co and its competitors. For the Transportation industry, the median Altman Z-Score is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. YTO Express Group Co's current Altman Z-Score is 4.35, which is 15% below median its own 10-year median of 5.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is YTO Express Group Co stock overvalued right now?
Based on GuruFocus' analysis, YTO Express Group Co (SHSE:600233) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥19.06, compared to a current price of ¥17.20 — trading 9.8% below its estimated fair value. The current Altman Z-Score is 4.35, which is 15% below median its 10-year median of 5.12 and 92.5% above the Transportation industry median of 2.26. YTO Express Group Co's overall GF Score™ is 97/100 with 3 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 YTO Express Group Co (SHSE:600233), the current Altman Z-Score is 4.35 as of Jul. 05, 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 YTO Express Group Co (SHSE:600233) Overvalued in 2026?

Based on GuruFocus' analysis, YTO Express Group Co stock appears to be undervalued. The current stock price of ¥17.20 is trading 9.8% below its estimated GF Value™ of ¥19.06. GuruFocus considers YTO Express Group Co to be Modestly Undervalued.

Key valuation signals for SHSE:600233:

  • Altman Z-Score: 4.35 (15% below median its 10-year median of 5.12)
  • GF Value™: ¥19.06 vs. price of ¥17.20 (9.8% below fair value)
  • GF Score™: 97/100 with 3 warning signs
  • Industry Position: 92.5% above the Transportation median (#191 of 996)

No single metric tells the full story. See the SHSE:600233 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


YTO Express Group Co Business Description

Address No. 28, Xinxie Road, Huaxin Town, Qingpu District, Shanghai, CHN, 201708
YTO Express is one of the Tongda operators—the top four national express delivery companies that use the network partner model. In this model, Tongdas provide line-haul transportation, sorting, and waybill services to their network partners for fees, while their local network partners provide first-mile pickup and last-mile delivery services under the Tongdas' brands and collect customer payments.The company was founded by Yu Huijiao in 2000. Yu remains chair and president with a 33.4% stake as of Feb. 25, 2026. Yu and Zhang Xiaojuan, who owned 2.15% of YTO as of that date, are persons acting in concert. YTO's strategic shareholder is leading China e-commerce company Alibaba Group and its affiliated companies, with around a 16.8% interest as of Feb. 25, 2026.
97GF Score

Get the complete analysis for SHSE:600233

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥17.20
Price
¥19.06
GF Value