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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 8.34 is strong.
Jiangsu Chunlan Refrigerating Equipment Stock Co has a Altman Z-Score of 9.05, 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.
Jiangsu Chunlan Refrigerating Equipment Stock Co (SHSE:600854) 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.
Jiangsu Chunlan Refrigerating Equipment Stock Co Altman Z-Score Chart
Jiangsu Chunlan Refrigerating Equipment Stock Co Annual Data
SHSE:600854 vs SN, SGI, MHK: Altman Z-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, Jiangsu Chunlan Refrigerating Equipment Stock 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.
Jiangsu Chunlan Refrigerating Equipment Stock Co Altman Z-Score vs Furnishings, Fixtures & Appliances Industry
Jiangsu Chunlan Refrigerating Equipment Stock 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.
Jiangsu Chunlan Refrigerating Equipment Stock Co (SHSE:600854) has a Altman Z-Score of 9.05 as of Aug. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Jiangsu Chunlan Refrigerating Equipment Stock Co and its competitors. This is 76% above median its historical median of 5.14. Over the past decade, Jiangsu Chunlan Refrigerating Equipment Stock Co's Altman Z-Score has ranged from 2.40 to 10.50. According to the industry distribution chart, Jiangsu Chunlan Refrigerating Equipment Stock Co ranks #34 out of 429 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 7.9%.
Is Jiangsu Chunlan Refrigerating Equipment Stock Co's Altman Z-Score too high?
Jiangsu Chunlan Refrigerating Equipment Stock Co's current Altman Z-Score of 9.05 is 76% above median its 10-year median of 5.14. Over the past 10 years, this metric has ranged from a low of 2.40 to a high of 10.50. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.78. Jiangsu Chunlan Refrigerating Equipment Stock Co's value of 9.05 is 225.5% above this industry median. Based on the distribution chart, Jiangsu Chunlan Refrigerating Equipment Stock Co ranks #34 out of 429 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Jiangsu Chunlan Refrigerating Equipment Stock Co has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Chunlan Refrigerating Equipment Stock Co's Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Jiangsu Chunlan Refrigerating Equipment Stock Co ranks #34 out of 429 companies for Altman Z-Score. This places Jiangsu Chunlan Refrigerating Equipment Stock Co in the top 8% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.78. Jiangsu Chunlan Refrigerating Equipment Stock Co's value of 9.05 is 225.5% above this benchmark. Historically, Jiangsu Chunlan Refrigerating Equipment Stock Co's own Altman Z-Score has ranged from 2.40 to 10.50 over the past decade. While the company's 10-year median is 5.14 vs. the industry median of 2.78, Jiangsu Chunlan Refrigerating Equipment Stock 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 Furnishings, Fixtures & Appliances company?
The median Altman Z-Score among Furnishings, Fixtures & Appliances companies is 2.78, based on 429 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. Jiangsu Chunlan Refrigerating Equipment Stock Co's current Altman Z-Score of 9.05 is 225.5% 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 Jiangsu Chunlan Refrigerating Equipment Stock Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu Chunlan Refrigerating Equipment Stock Co's current Altman Z-Score is 9.05, which is 76% above median its own 10-year median of 5.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Chunlan Refrigerating Equipment Stock Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu Chunlan Refrigerating Equipment Stock Co (SHSE:600854) is currently considered Fairly Valued. The stock's GF Value™ is ¥4.46, compared to a current price of ¥4.44 — trading 0.4% below its estimated fair value. The current Altman Z-Score is 9.05, which is 76% above median its 10-year median of 5.14 and 225.5% above the Furnishings, Fixtures & Appliances industry median of 2.78. Jiangsu Chunlan Refrigerating Equipment Stock Co's overall GF Score™ is 60/100 with 4 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 Jiangsu Chunlan Refrigerating Equipment Stock Co (SHSE:600854), the current Altman Z-Score is 9.05 as of Aug. 03, 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 Jiangsu Chunlan Refrigerating Equipment Stock Co (SHSE:600854) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsu Chunlan Refrigerating Equipment Stock Co stock appears to be undervalued.
The current stock price of ¥4.44 is trading 0.4% below its estimated GF Value™ of ¥4.46.
GuruFocus considers Jiangsu Chunlan Refrigerating Equipment Stock Co to be Fairly Valued.
Key valuation signals for SHSE:600854:
Altman Z-Score: 9.05 (76% above median its 10-year median of 5.14)
GF Value™: ¥4.46 vs. price of ¥4.44 (0.4% below fair value)
Industry Position: 225.5% above the Furnishings, Fixtures & Appliances median (#34 of 429)
No single metric tells the full story. See the SHSE:600854 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiangsu Chunlan Refrigerating Equipment Stock Co Ltd is a China-based company. It is a diversified, high-tech and internationalized modern company in manufacturing, research, investment and trade areas. Its product profile includes Residential Air Conditioners, Commercial Air Conditioners, and Power Battery and BMS. Residential Air Conditioners are further divided into Africa Products, Australia Products, Mid-East Products, Asia Products, and others. Commercial Air Conditioners is divided into Light Commercial Products, Multi-connected DC Invertors Series, and Chiller Series.
60GF Score
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