Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Shandong Xinchao EnergySHSE:600777 +0.25%53 Altman Z-Score is 2.31 as of Sep. 01, 2026, which is 50% above its 10-year median of 1.54. GuruFocus rates SHSE:600777 with a GF Score™ of 53/100 and a GF Value™ of ¥2.06 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 910 Oil & Gas companies, Shandong Xinchao Energy ranks better than 57.91% 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 2.31 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.
Shandong Xinchao Energy has a Altman Z-Score of 2.31, indicating it is in Grey Zones. This implies that Shandong Xinchao Energy 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 Shandong Xinchao Energy's Altman Z-Score or its related term are showing as below:
SHSE:600777'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.15 Med: 1.54 Max: 16.02
Current: 2.31
During the past 13 years, Shandong Xinchao Energy's highest Altman Z-Score was 16.02. The lowest was 0.15. And the median was 1.54.
Shandong Xinchao Energy (SHSE:600777) 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.
SHSE:600777 vs COP, EOG, OXY: Altman Z-Score Comparison
For the Oil & Gas E&P subindustry, Shandong Xinchao Energy'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.
Shandong Xinchao Energy Altman Z-Score vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Shandong Xinchao Energy's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Shandong Xinchao Energy's Altman Z-Score falls into.
Shandong Xinchao Energy 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.
Shandong Xinchao Energy (SHSE:600777) has a Altman Z-Score of 2.31 as of Sep. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Shandong Xinchao Energy and its competitors. This is 50% above median its historical median of 1.54. Over the past decade, Shandong Xinchao Energy's Altman Z-Score has ranged from 0.15 to 16.02. According to the industry distribution chart, Shandong Xinchao Energy ranks #383 out of 910 companies in the Oil & Gas industry, placing it in the top 42.1%.
Is Shandong Xinchao Energy's Altman Z-Score too high?
Shandong Xinchao Energy's current Altman Z-Score of 2.31 is 50% above median its 10-year median of 1.54. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 16.02. The Oil & Gas industry median Altman Z-Score is 2.00. Shandong Xinchao Energy's value of 2.31 is 15.8% above this industry median. Based on the distribution chart, Shandong Xinchao Energy ranks #383 out of 910 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Shandong Xinchao Energy has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Xinchao Energy's Altman Z-Score compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Shandong Xinchao Energy ranks #383 out of 910 companies for Altman Z-Score. This puts Shandong Xinchao Energy in the upper half of its industry. The industry median Altman Z-Score is 2.00. Shandong Xinchao Energy's value of 2.31 is 15.8% above this benchmark. Historically, Shandong Xinchao Energy's own Altman Z-Score has ranged from 0.15 to 16.02 over the past decade. While the company's 10-year median is 1.54 vs. the industry median of 2.00, Shandong Xinchao Energy 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 an Oil & Gas company?
The median Altman Z-Score among Oil & Gas companies is 2.00, based on 910 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. Shandong Xinchao Energy's current Altman Z-Score of 2.31 is 15.8% 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 Shandong Xinchao Energy and its competitors. For the Oil & Gas industry, the median Altman Z-Score is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Xinchao Energy's current Altman Z-Score is 2.31, which is 50% above median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Xinchao Energy stock overvalued right now?
Based on GuruFocus' analysis, Shandong Xinchao Energy (SHSE:600777) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥2.06, compared to a current price of ¥4.08 — trading 98.1% above its estimated fair value. The current Altman Z-Score is 2.31, which is 50% above median its 10-year median of 1.54 and 15.8% above the Oil & Gas industry median of 2.00. Shandong Xinchao Energy's overall GF Score™ is 53/100 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 Shandong Xinchao Energy (SHSE:600777), the current Altman Z-Score is 2.31 as of Sep. 01, 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 Shandong Xinchao Energy (SHSE:600777) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Xinchao Energy stock appears to be overvalued.
The current stock price of ¥4.08 is trading 98.1% above its estimated GF Value™ of ¥2.06.
GuruFocus considers Shandong Xinchao Energy to be Significantly Overvalued.
Key valuation signals for SHSE:600777:
Altman Z-Score: 2.31 (50% above median its 10-year median of 1.54)
GF Value™: ¥2.06 vs. price of ¥4.08 (98.1% above fair value)
Industry Position: 15.8% above the Oil & Gas median (#383 of 910)
No single metric tells the full story. See the SHSE:600777 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:600777 has been successfully added to your 
