Triumph Science &Technology Group Co (SHSE:600552) Altman Z-Score: 2.32 (As of Jul. 09, 2026) — 27% Above Median


SHSE:600552 Triumph Science &Technology Group Co Ltd SHSE:600552
63 GF Score
Price ¥23.33
GF Value ¥14.27
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Triumph Science &Technology Group Co Altman Z-Score?

Triumph Science &Technology Group Co SHSE:600552 63 Altman Z-Score is 2.32 as of Jul. 09, 2026, which is 27% above its 10-year median of 1.83. GuruFocus rates SHSE:600552 with a GF Score™ of 63/100 and a GF Value™ of ¥14.27 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,457 Hardware companies, Triumph Science &Technology Group Co ranks worse than 68.62% 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 2.47 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.

Triumph Science &Technology Group Co has a Altman Z-Score of 2.32, indicating it is in Grey Zones. This implies that Triumph Science &Technology Group 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.

The historical rank and industry rank for Triumph Science &Technology Group Co's Altman Z-Score or its related term are showing as below:

SHSE:600552' s Altman Z-Score Range Over the Past 10 Years
Min: 1.38   Med: 1.83   Max: 3.22
Current: 2.47

During the past 13 years, Triumph Science &Technology Group Co's highest Altman Z-Score was 3.22. The lowest was 1.38. And the median was 1.83.


Triumph Science &Technology Group Co  (SHSE:600552) 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.


Triumph Science &Technology Group Co Altman Z-Score Related Terms


Triumph Science &Technology Group Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Triumph Science &Technology 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.

Triumph Science &Technology Group Co Altman Z-Score Chart

Triumph Science &Technology 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 2.20 1.82 2.08 1.65 1.52

Triumph Science &Technology 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 1.61 1.54 1.70 1.52 1.49

SHSE:600552 vs APH, GLW: Altman Z-Score Comparison

For the Electronic Components subindustry, Triumph Science &Technology 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.


Triumph Science &Technology Group Co Altman Z-Score vs Hardware Industry

For the Hardware industry and Technology sector, Triumph Science &Technology Group Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Triumph Science &Technology Group Co's Altman Z-Score falls into.


SHSE:600552
63GF Score
Triumph Science &Technology Group Co Ltd SHSE:600552
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Triumph Science &Technology 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.

Triumph Science &Technology 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*-0.0227+1.4*0.0606+3.3*0.0254+0.6*2.8293+1.0*0.4826
=2.32

* 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 ¥12,578 Mil.
Total Current Assets was ¥6,198 Mil.
Total Current Liabilities was ¥6,483 Mil.
Retained Earnings was ¥762 Mil.
Pre-Tax Income was 31.216 + 19.331 + 99.988 + 48.2 = ¥199 Mil.
Interest Expense was -30.277 + -29.509 + -29.279 + -31.994 = ¥-121 Mil.
Revenue was 1455.286 + 1570.218 + 1545.128 + 1499.808 = ¥6,070 Mil.
Market Cap (Today) was ¥22,038 Mil.
Total Liabilities was ¥7,789 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
=(6197.765 - 6482.846)/12577.821
=-0.0227

X2=Retained Earnings/Total Assets
=761.939/12577.821
=0.0606

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(198.735 - -121.059)/12577.821
=0.0254

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=22037.679/7789.014
=2.8293

X5=Revenue/Total Assets
=6070.44/12577.821
=0.4826

The zones of discrimination were as such:

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

Triumph Science &Technology Group Co has a Altman Z-Score of 2.32 indicating it is in Grey 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 2.32 mean?
Triumph Science &Technology Group Co (SHSE:600552) has a Altman Z-Score of 2.32 as of Jul. 09, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Triumph Science &Technology Group Co and its competitors. This is 27% above median its historical median of 1.83. Over the past decade, Triumph Science &Technology Group Co's Altman Z-Score has ranged from 1.38 to 3.22. According to the industry distribution chart, Triumph Science &Technology Group Co ranks #1686 out of 2457 companies in the Hardware industry, placing it in the top 68.6%.
Is Triumph Science &Technology Group Co's Altman Z-Score too high?
Triumph Science &Technology Group Co's current Altman Z-Score of 2.32 is 27% above median its 10-year median of 1.83. Over the past 10 years, this metric has ranged from a low of 1.38 to a high of 3.22. The Hardware industry median Altman Z-Score is 3.64. Triumph Science &Technology Group Co's value of 2.32 is 36.3% below this industry median. Based on the distribution chart, Triumph Science &Technology Group Co ranks #1686 out of 2457 companies in the Hardware industry, which is below the industry midpoint. Overall, Triumph Science &Technology Group Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Triumph Science &Technology Group Co's Altman Z-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Triumph Science &Technology Group Co ranks #1686 out of 2457 companies for Altman Z-Score. This places Triumph Science &Technology Group Co in the lower half of its industry. The industry median Altman Z-Score is 3.64. Triumph Science &Technology Group Co's value of 2.32 is 36.3% below this benchmark. Historically, Triumph Science &Technology Group Co's own Altman Z-Score has ranged from 1.38 to 3.22 over the past decade. While the company's 10-year median is 1.83 vs. the industry median of 3.64, Triumph Science &Technology Group 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 3.64, based on 2,457 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. Triumph Science &Technology Group Co's current Altman Z-Score of 2.32 is 36.3% 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 Triumph Science &Technology Group Co and its competitors. For the Hardware industry, the median Altman Z-Score is 3.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Triumph Science &Technology Group Co's current Altman Z-Score is 2.32, which is 27% above median its own 10-year median of 1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Triumph Science &Technology Group Co stock overvalued right now?
Based on GuruFocus' analysis, Triumph Science &Technology Group Co (SHSE:600552) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥14.27, compared to a current price of ¥23.33 — trading 63.5% above its estimated fair value. The current Altman Z-Score is 2.32, which is 27% above median its 10-year median of 1.83 and 36.3% below the Hardware industry median of 3.64. Triumph Science &Technology Group Co's overall GF Score™ is 63/100 with 7 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 Triumph Science &Technology Group Co (SHSE:600552), the current Altman Z-Score is 2.32 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 Triumph Science &Technology Group Co (SHSE:600552) Overvalued in 2026?

Based on GuruFocus' analysis, Triumph Science &Technology Group Co stock appears to be overvalued. The current stock price of ¥23.33 is trading 63.5% above its estimated GF Value™ of ¥14.27. GuruFocus considers Triumph Science &Technology Group Co to be Significantly Overvalued.

Key valuation signals for SHSE:600552:

  • Altman Z-Score: 2.32 (27% above median its 10-year median of 1.83)
  • GF Value™: ¥14.27 vs. price of ¥23.33 (63.5% above fair value)
  • GF Score™: 63/100 with 7 warning signs
  • Industry Position: 36.3% below the Hardware median (#1686 of 2457)

No single metric tells the full story. See the SHSE:600552 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Triumph Science &Technology Group Co Business Description

Address 8009 Huangshan Road, Anhui Province, Bengbu, CHN, 233010
Triumph Science &Technology Group Co Ltd develops, produces, and sells specialized materials including fused zirconia, ultrafine zirconia, spherical quartz powder, spherical alumina powder, barium titanate, stabilized zirconium, and glass polishing powders. The company's product range extends to electronic components such as ITO conductive film glass, flexible ITO films, mobile phone cover glass with various dimensional profiles, capacitive touch screens, and thin-film transistor display modules. Its business encompasses research, development, production, sales, and system integration of these electronic and optoelectronic materials and components.
63GF Score

Get the complete analysis for SHSE:600552

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

¥23.33
Price
¥14.27
GF Value