AECC Aviation Power Co (SHSE:600893) Altman Z-Score: 1.35 (As of Jul. 17, 2026) — 30% Below Median

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SHSE:600893 AECC Aviation Power Co Ltd SHSE:600893
65 GF Score
Price ¥32.33
GF Value ¥46.93
Valuation Possible Value Trap
! 10 Warning Signs
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What is AECC Aviation Power Co Altman Z-Score?

AECC Aviation Power Co SHSE:600893 -3.20% 65 Altman Z-Score is 1.35 as of Jul. 17, 2026, which is 30% below its 10-year median of 1.92. GuruFocus rates SHSE:600893 with a GF Score™ of 65/100 and a GF Value™ of ¥46.93 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 337 Aerospace & Defense companies, AECC Aviation Power Co ranks worse than 84.57% 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 1.42 is in distress zone. This implies bankruptcy possibility in the next two years.

AECC Aviation Power Co has a Altman Z-Score of 1.35, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 AECC Aviation Power Co's Altman Z-Score or its related term are showing as below:

SHSE:600893' s Altman Z-Score Range Over the Past 10 Years
Min: 1.42   Med: 1.92   Max: 4.4
Current: 1.42

During the past 13 years, AECC Aviation Power Co's highest Altman Z-Score was 4.40. The lowest was 1.42. And the median was 1.92.


AECC Aviation Power Co  (SHSE:600893) 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.


AECC Aviation Power Co Altman Z-Score Related Terms


AECC Aviation Power Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for AECC Aviation Power 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.

AECC Aviation Power Co Altman Z-Score Chart

AECC Aviation Power 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 2.70 2.14 1.86 1.65 1.51

AECC Aviation Power 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 1.60 1.48 1.43 1.51 1.69

SHSE:600893 vs SPCX, GE, RTX: Altman Z-Score Comparison

For the Aerospace & Defense subindustry, AECC Aviation Power 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.


AECC Aviation Power Co Altman Z-Score vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, AECC Aviation Power Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where AECC Aviation Power Co's Altman Z-Score falls into.


SHSE:600893
65GF Score
AECC Aviation Power Co Ltd SHSE:600893
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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AECC Aviation Power 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.

AECC Aviation Power 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*0.0843+1.4*0.0781+3.3*0.0124+0.6*1.1846+1.0*0.385
=1.35

* 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 ¥122,725 Mil.
Total Current Assets was ¥89,234 Mil.
Total Current Liabilities was ¥78,885 Mil.
Retained Earnings was ¥9,583 Mil.
Pre-Tax Income was 65.691 + 647.589 + 66.922 + 122.617 = ¥903 Mil.
Interest Expense was -119.149 + -192.175 + -167.666 + -144.785 = ¥-624 Mil.
Revenue was 7077.226 + 23419.286 + 8813.796 + 7933.555 = ¥47,244 Mil.
Market Cap (Today) was ¥86,179 Mil.
Total Liabilities was ¥72,749 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
=(89233.616 - 78884.539)/122724.621
=0.0843

X2=Retained Earnings/Total Assets
=9582.724/122724.621
=0.0781

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(902.819 - -623.775)/122724.621
=0.0124

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=86178.662/72748.585
=1.1846

X5=Revenue/Total Assets
=47243.863/122724.621
=0.385

The zones of discrimination were as such:

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

AECC Aviation Power Co has a Altman Z-Score of 1.35 indicating it is in Distress 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 1.35 mean?
AECC Aviation Power Co (SHSE:600893) has a Altman Z-Score of 1.35 as of Jul. 17, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on AECC Aviation Power Co and its competitors. This is 30% below median its historical median of 1.92. Over the past decade, AECC Aviation Power Co's Altman Z-Score has ranged from 1.42 to 4.40. According to the industry distribution chart, AECC Aviation Power Co ranks #285 out of 337 companies in the Aerospace & Defense industry, placing it in the top 84.6%.
Is AECC Aviation Power Co's Altman Z-Score too high?
AECC Aviation Power Co's current Altman Z-Score of 1.35 is 30% below median its 10-year median of 1.92. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 4.40. The Aerospace & Defense industry median Altman Z-Score is 3.40. AECC Aviation Power Co's value of 1.35 is 60.3% below this industry median. Based on the distribution chart, AECC Aviation Power Co ranks #285 out of 337 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, AECC Aviation Power Co has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AECC Aviation Power Co's Altman Z-Score compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, AECC Aviation Power Co ranks #285 out of 337 companies for Altman Z-Score. This places AECC Aviation Power Co in the lower half of its industry. The industry median Altman Z-Score is 3.40. AECC Aviation Power Co's value of 1.35 is 60.3% below this benchmark. Historically, AECC Aviation Power Co's own Altman Z-Score has ranged from 1.42 to 4.40 over the past decade. While the company's 10-year median is 1.92 vs. the industry median of 3.40, AECC Aviation Power 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 an Aerospace & Defense company?
The median Altman Z-Score among Aerospace & Defense companies is 3.40, based on 337 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. AECC Aviation Power Co's current Altman Z-Score of 1.35 is 60.3% 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 AECC Aviation Power Co and its competitors. For the Aerospace & Defense industry, the median Altman Z-Score is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AECC Aviation Power Co's current Altman Z-Score is 1.35, which is 30% below median its own 10-year median of 1.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AECC Aviation Power Co stock overvalued right now?
Based on GuruFocus' analysis, AECC Aviation Power Co (SHSE:600893) is currently considered Possible Value Trap. The stock's GF Value™ is ¥46.93, compared to a current price of ¥32.33 — trading 31.1% below its estimated fair value. The current Altman Z-Score is 1.35, which is 30% below median its 10-year median of 1.92 and 60.3% below the Aerospace & Defense industry median of 3.40. AECC Aviation Power Co's overall GF Score™ is 65/100 with 10 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 AECC Aviation Power Co (SHSE:600893), the current Altman Z-Score is 1.35 as of Jul. 17, 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 AECC Aviation Power Co (SHSE:600893) Overvalued in 2026?

Based on GuruFocus' analysis, AECC Aviation Power Co stock appears to be undervalued. The current stock price of ¥32.33 is trading 31.1% below its estimated GF Value™ of ¥46.93. GuruFocus considers AECC Aviation Power Co to be Possible Value Trap.

Key valuation signals for SHSE:600893:

  • Altman Z-Score: 1.35 (30% below median its 10-year median of 1.92)
  • GF Value™: ¥46.93 vs. price of ¥32.33 (31.1% below fair value)
  • GF Score™: 65/100 with 10 warning signs
  • Industry Position: 60.3% below the Aerospace & Defense median (#285 of 337)

No single metric tells the full story. See the SHSE:600893 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AECC Aviation Power Co Business Description

Address Xijiawan, Weiyang District, Shaanxi Province, Xi\'an, CHN, 710021
AECC Aviation Power Co Ltd is a China-based manufacturer of aeronautical engines. It engaged in the design, development, production, maintenance, marketing, and after-sales service of military aircraft and civil aircraft power devices, second power devices, gas turbines, helicopter transmission systems, and aero-engine technology derivative products; customers involved in aviation, aerospace, ships, weapons, Energy, and airspace and other fields. The company designs and produces products such as turbojets, turbofans, turboshafts, turboprops, and pistons, such as aero engines, gas turbines, and helicopter transmission systems.
65GF Score

Get the complete analysis for SHSE:600893

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

¥32.33
Price
¥46.93
GF Value