Southern Publishing and Media Co (SHSE:601900) Altman Z-Score: 2.05 (As of Jul. 15, 2026) — 12% Below Median

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SHSE:601900 Southern Publishing and Media Co Ltd SHSE:601900
82 GF Score
Price ¥11.82
GF Value ¥13.55
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Southern Publishing and Media Co Altman Z-Score?

Southern Publishing and Media Co SHSE:601900 +3.14% 82 Altman Z-Score is 2.05 as of Jul. 15, 2026, which is 12% below its 10-year median of 2.33. GuruFocus rates SHSE:601900 with a GF Score™ of 82/100 and a GF Value™ of ¥13.55 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,009 Media - Diversified companies, Southern Publishing and Media Co ranks better than 50.55% 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 2.01 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.

Southern Publishing and Media Co has a Altman Z-Score of 2.05, indicating it is in Grey Zones. This implies that Southern Publishing and Media 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 Southern Publishing and Media Co's Altman Z-Score or its related term are showing as below:

SHSE:601900' s Altman Z-Score Range Over the Past 10 Years
Min: 1.89   Med: 2.33   Max: 3.68
Current: 2.01

During the past 13 years, Southern Publishing and Media Co's highest Altman Z-Score was 3.68. The lowest was 1.89. And the median was 2.33.


Southern Publishing and Media Co  (SHSE:601900) 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.


Southern Publishing and Media Co Altman Z-Score Related Terms


Southern Publishing and Media Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Southern Publishing and Media 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.

Southern Publishing and Media Co Altman Z-Score Chart

Southern Publishing and Media 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 2.21 2.16 2.42 2.35 2.24

Southern Publishing and Media 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 2.31 2.39 2.12 2.24 2.12

SHSE:601900 vs NYT, WLY: Altman Z-Score Comparison

For the Publishing subindustry, Southern Publishing and Media 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.


Southern Publishing and Media Co Altman Z-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Southern Publishing and Media Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Southern Publishing and Media Co's Altman Z-Score falls into.


SHSE:601900
82GF Score
Southern Publishing and Media Co Ltd SHSE:601900
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Southern Publishing and Media 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.

Southern Publishing and Media 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*0.1103+1.4*0.3792+3.3*0.0671+0.6*1.1819+1.0*0.4529
=2.05

* 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 ¥18,751 Mil.
Total Current Assets was ¥9,260 Mil.
Total Current Liabilities was ¥7,191 Mil.
Retained Earnings was ¥7,109 Mil.
Pre-Tax Income was 346.553 + 257.735 + 440.143 + 191.696 = ¥1,236 Mil.
Interest Expense was -6.6 + -6.433 + -5.609 + -3.773 = ¥-22 Mil.
Revenue was 1969.38 + 2352.297 + 2310.869 + 1858.863 = ¥8,491 Mil.
Market Cap (Today) was ¥10,425 Mil.
Total Liabilities was ¥8,821 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
=(9259.661 - 7191.188)/18751.007
=0.1103

X2=Retained Earnings/Total Assets
=7109.468/18751.007
=0.3792

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1236.127 - -22.415)/18751.007
=0.0671

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=10424.886/8820.708
=1.1819

X5=Revenue/Total Assets
=8491.409/18751.007
=0.4529

The zones of discrimination were as such:

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

Southern Publishing and Media Co has a Altman Z-Score of 2.05 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 2.05 mean?
Southern Publishing and Media Co (SHSE:601900) has a Altman Z-Score of 2.05 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Southern Publishing and Media Co and its competitors. This is 12% below median its historical median of 2.33. Over the past decade, Southern Publishing and Media Co's Altman Z-Score has ranged from 1.89 to 3.68. According to the industry distribution chart, Southern Publishing and Media Co ranks #499 out of 1009 companies in the Media - Diversified industry, placing it in the top 49.5%.
Is Southern Publishing and Media Co's Altman Z-Score too high?
Southern Publishing and Media Co's current Altman Z-Score of 2.05 is 12% below median its 10-year median of 2.33. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 3.68. The Media - Diversified industry median Altman Z-Score is 2.01. Southern Publishing and Media Co's value of 2.05 is 2% above this industry median. Based on the distribution chart, Southern Publishing and Media Co ranks #499 out of 1009 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Southern Publishing and Media Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Southern Publishing and Media Co's Altman Z-Score compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Southern Publishing and Media Co ranks #499 out of 1009 companies for Altman Z-Score. This puts Southern Publishing and Media Co in the upper half of its industry. The industry median Altman Z-Score is 2.01. Southern Publishing and Media Co's value of 2.05 is 2% above this benchmark. Historically, Southern Publishing and Media Co's own Altman Z-Score has ranged from 1.89 to 3.68 over the past decade. While the company's 10-year median is 2.33 vs. the industry median of 2.01, Southern Publishing and Media 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 Media - Diversified company?
The median Altman Z-Score among Media - Diversified companies is 2.01, based on 1,009 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. Southern Publishing and Media Co's current Altman Z-Score of 2.05 is 2% 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 Southern Publishing and Media Co and its competitors. For the Media - Diversified industry, the median Altman Z-Score is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southern Publishing and Media Co's current Altman Z-Score is 2.05, which is 12% below median its own 10-year median of 2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Publishing and Media Co stock overvalued right now?
Based on GuruFocus' analysis, Southern Publishing and Media Co (SHSE:601900) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥13.55, compared to a current price of ¥11.82 — trading 12.8% below its estimated fair value. The current Altman Z-Score is 2.05, which is 12% below median its 10-year median of 2.33 and 2% above the Media - Diversified industry median of 2.01. Southern Publishing and Media Co's overall GF Score™ is 82/100 with 5 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 Southern Publishing and Media Co (SHSE:601900), the current Altman Z-Score is 2.05 as of Jul. 15, 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 Southern Publishing and Media Co (SHSE:601900) Overvalued in 2026?

Based on GuruFocus' analysis, Southern Publishing and Media Co stock appears to be undervalued. The current stock price of ¥11.82 is trading 12.8% below its estimated GF Value™ of ¥13.55. GuruFocus considers Southern Publishing and Media Co to be Modestly Undervalued.

Key valuation signals for SHSE:601900:

  • Altman Z-Score: 2.05 (12% below median its 10-year median of 2.33)
  • GF Value™: ¥13.55 vs. price of ¥11.82 (12.8% below fair value)
  • GF Score™: 82/100 with 5 warning signs
  • Industry Position: 2% above the Media - Diversified median (#499 of 1009)

No single metric tells the full story. See the SHSE:601900 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Southern Publishing and Media Co Business Description

Address Huanshi East Road, 11th Floor, No. 472, Yuexiu District, Guangdong Province, Guangzhou, CHN, 510075
Southern Publishing and Media Co Ltd is a publishing company. The company operates as editors, publisher, distributor, wholesaler and retailer books, newspapers, audio-visual products, electronic publications, online books, framework media and other media products, newspapers and periodicals, packaging and decoration printing, printing materials sales, publications import and export.
82GF Score

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

¥11.82
Price
¥13.55
GF Value