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 2.92 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Tongyi Carbon Neutral Energy (Xinjiang) Co has a Altman Z-Score of 2.80, indicating it is in Grey Zones. This implies that Tongyi Carbon Neutral Energy (Xinjiang) Co is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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.
Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) 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.
Tongyi Carbon Neutral Energy (Xinjiang) Co Altman Z-Score Chart
Tongyi Carbon Neutral Energy (Xinjiang) Co Annual Data
SHSE:600506 vs ADM, BG, TSN: Altman Z-Score Comparison
For the Farm Products subindustry, Tongyi Carbon Neutral Energy (Xinjiang) 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.
Tongyi Carbon Neutral Energy (Xinjiang) Co Altman Z-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tongyi Carbon Neutral Energy (Xinjiang) Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Tongyi Carbon Neutral Energy (Xinjiang) Co's Altman Z-Score falls into.
Tongyi Carbon Neutral Energy (Xinjiang) 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.
* 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.
Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) has a Altman Z-Score of 2.80 as of Jul. 09, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tongyi Carbon Neutral Energy (Xinjiang) Co and its competitors. This is 93% below median its historical median of 38.25. Over the past decade, Tongyi Carbon Neutral Energy (Xinjiang) Co's Altman Z-Score has ranged from 0.33 to 198.85. According to the industry distribution chart, Tongyi Carbon Neutral Energy (Xinjiang) Co ranks #934 out of 1928 companies in the Consumer Packaged Goods industry, placing it in the top 48.4%.
Is Tongyi Carbon Neutral Energy (Xinjiang) Co's Altman Z-Score too high?
Tongyi Carbon Neutral Energy (Xinjiang) Co's current Altman Z-Score of 2.80 is 93% below median its 10-year median of 38.25. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 198.85. The Consumer Packaged Goods industry median Altman Z-Score is 2.86. Tongyi Carbon Neutral Energy (Xinjiang) Co's value of 2.80 is 1.9% below this industry median. Based on the distribution chart, Tongyi Carbon Neutral Energy (Xinjiang) Co ranks #934 out of 1928 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Tongyi Carbon Neutral Energy (Xinjiang) Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tongyi Carbon Neutral Energy (Xinjiang) Co's Altman Z-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Tongyi Carbon Neutral Energy (Xinjiang) Co ranks #934 out of 1928 companies for Altman Z-Score. This puts Tongyi Carbon Neutral Energy (Xinjiang) Co in the upper half of its industry. The industry median Altman Z-Score is 2.86. Tongyi Carbon Neutral Energy (Xinjiang) Co's value of 2.80 is 1.9% below this benchmark. Historically, Tongyi Carbon Neutral Energy (Xinjiang) Co's own Altman Z-Score has ranged from 0.33 to 198.85 over the past decade. While the company's 10-year median is 38.25 vs. the industry median of 2.86, Tongyi Carbon Neutral Energy (Xinjiang) 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.86, based on 1,928 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. Tongyi Carbon Neutral Energy (Xinjiang) Co's current Altman Z-Score of 2.80 is 1.9% 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 Tongyi Carbon Neutral Energy (Xinjiang) Co and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tongyi Carbon Neutral Energy (Xinjiang) Co's current Altman Z-Score is 2.80, which is 93% below median its own 10-year median of 38.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tongyi Carbon Neutral Energy (Xinjiang) Co stock overvalued right now?
Based on GuruFocus' analysis, Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) is currently considered Fairly Valued. The stock's GF Value™ is ¥14.09, compared to a current price of ¥13.48 — trading 4.3% below its estimated fair value. The current Altman Z-Score is 2.80, which is 93% below median its 10-year median of 38.25 and 1.9% below the Consumer Packaged Goods industry median of 2.86. Tongyi Carbon Neutral Energy (Xinjiang) Co's overall GF Score™ is 64/100 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 Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506), the current Altman Z-Score is 2.80 as of Jul. 09, 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 Tongyi Carbon Neutral Energy (Xinjiang) Co (SHSE:600506) Overvalued in 2026?
Based on GuruFocus' analysis, Tongyi Carbon Neutral Energy (Xinjiang) Co stock appears to be undervalued.
The current stock price of ¥13.48 is trading 4.3% below its estimated GF Value™ of ¥14.09.
GuruFocus considers Tongyi Carbon Neutral Energy (Xinjiang) Co to be Fairly Valued.
Key valuation signals for SHSE:600506:
Altman Z-Score: 2.80 (93% below median its 10-year median of 38.25)
GF Value™: ¥14.09 vs. price of ¥13.48 (4.3% below fair value)
Industry Position: 1.9% below the Consumer Packaged Goods median (#934 of 1928)
No single metric tells the full story. See the SHSE:600506 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tongyi Carbon Neutral Energy (Xinjiang) Co Business Description
Tongyi Carbon Neutral Energy (Xinjiang) Co Ltd is in the business of researching, developing, producing, and sales of lubricating greases. Depending on their application, the company's products include Traditional lubricating oils and liquid cooling and specialty greases for the new energy industry, namely those for transportation, industrial manufacturing and power, construction machinery, and mining. The company provides liquid cooling and specialty grease products to customers in industries such as power piles, renewable energy, and energy storage.
64GF Score
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