Perfect Group (SHSE:603059) Altman Z-Score: 2.46 (As of Aug. 03, 2026) — 37% Below Median

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SHSE:603059 Perfect Group Corp Ltd SHSE:603059
74 GF Score
Price ¥23.86
GF Value ¥35.48
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Perfect Group Altman Z-Score?

Perfect Group SHSE:603059 -0.71% 74 Altman Z-Score is 2.46 as of Aug. 03, 2026, which is 37% below its 10-year median of 3.93. GuruFocus rates SHSE:603059 with a GF Score™ of 74/100 and a GF Value™ of ¥35.48 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,931 Consumer Packaged Goods companies, Perfect Group ranks worse than 57.33% 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.

Perfect Group has a Altman Z-Score of 2.46, indicating it is in Grey Zones. This implies that Perfect Group 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 Perfect Group's Altman Z-Score or its related term are showing as below:

SHSE:603059' s Altman Z-Score Range Over the Past 10 Years
Min: 0.28   Med: 3.93   Max: 12.42
Current: 2.47

During the past 13 years, Perfect Group's highest Altman Z-Score was 12.42. The lowest was 0.28. And the median was 3.93.


Perfect Group  (SHSE:603059) 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.


Perfect Group Altman Z-Score Related Terms


Perfect Group Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Perfect Group'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.

Perfect Group Altman Z-Score Chart

Perfect Group 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 4.31 4.18 2.76 2.03 2.73

Perfect Group 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 2.06 2.19 2.70 2.73 2.85

SHSE:603059 vs PG, CL, KVUE: Altman Z-Score Comparison

For the Household & Personal Products subindustry, Perfect Group'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.


Perfect Group Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Perfect Group's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Perfect Group's Altman Z-Score falls into.


SHSE:603059
74GF Score
Perfect Group Corp Ltd SHSE:603059
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Perfect Group 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.

Perfect Group'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*-0.056+1.4*0.2561+3.3*0.0693+0.6*2.0786+1.0*0.6925
=2.46

* 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 ¥2,355 Mil.
Total Current Assets was ¥743 Mil.
Total Current Liabilities was ¥875 Mil.
Retained Earnings was ¥603 Mil.
Pre-Tax Income was 31.932 + 33.372 + 41.4 + 39.083 = ¥146 Mil.
Interest Expense was -3.54 + -5.968 + -3.822 + -4.101 = ¥-17 Mil.
Revenue was 418.984 + 416.148 + 402.005 + 393.31 = ¥1,630 Mil.
Market Cap (Today) was ¥2,401 Mil.
Total Liabilities was ¥1,155 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
=(743.292 - 875.219)/2354.597
=-0.056

X2=Retained Earnings/Total Assets
=602.938/2354.597
=0.2561

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(145.787 - -17.431)/2354.597
=0.0693

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2400.737/1154.965
=2.0786

X5=Revenue/Total Assets
=1630.447/2354.597
=0.6925

The zones of discrimination were as such:

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

Perfect Group has a Altman Z-Score of 2.46 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 2.46 mean?
Perfect Group (SHSE:603059) has a Altman Z-Score of 2.46 as of Aug. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Perfect Group and its competitors. This is 37% below median its historical median of 3.93. Over the past decade, Perfect Group's Altman Z-Score has ranged from 0.28 to 12.42. According to the industry distribution chart, Perfect Group ranks #1107 out of 1931 companies in the Consumer Packaged Goods industry, placing it in the top 57.3%.
Is Perfect Group's Altman Z-Score too high?
Perfect Group's current Altman Z-Score of 2.46 is 37% below median its 10-year median of 3.93. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 12.42. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. Perfect Group's value of 2.46 is 13.7% below this industry median. Based on the distribution chart, Perfect Group ranks #1107 out of 1931 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Perfect Group has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Perfect Group's Altman Z-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Perfect Group ranks #1107 out of 1931 companies for Altman Z-Score. This places Perfect Group in the lower half of its industry. The industry median Altman Z-Score is 2.85. Perfect Group's value of 2.46 is 13.7% below this benchmark. Historically, Perfect Group's own Altman Z-Score has ranged from 0.28 to 12.42 over the past decade. While the company's 10-year median is 3.93 vs. the industry median of 2.85, Perfect Group 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.85, based on 1,931 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. Perfect Group's current Altman Z-Score of 2.46 is 13.7% 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 Perfect Group and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Perfect Group's current Altman Z-Score is 2.46, which is 37% below median its own 10-year median of 3.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Perfect Group stock overvalued right now?
Based on GuruFocus' analysis, Perfect Group (SHSE:603059) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥35.48, compared to a current price of ¥23.86 — trading 32.8% below its estimated fair value. The current Altman Z-Score is 2.46, which is 37% below median its 10-year median of 3.93 and 13.7% below the Consumer Packaged Goods industry median of 2.85. Perfect Group's overall GF Score™ is 74/100 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 Perfect Group (SHSE:603059), the current Altman Z-Score is 2.46 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 Perfect Group (SHSE:603059) Overvalued in 2026?

Based on GuruFocus' analysis, Perfect Group stock appears to be undervalued. The current stock price of ¥23.86 is trading 32.8% below its estimated GF Value™ of ¥35.48. GuruFocus considers Perfect Group to be Significantly Undervalued.

Key valuation signals for SHSE:603059:

  • Altman Z-Score: 2.46 (37% below median its 10-year median of 3.93)
  • GF Value™: ¥35.48 vs. price of ¥23.86 (32.8% below fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 13.7% below the Consumer Packaged Goods median (#1107 of 1931)

No single metric tells the full story. See the SHSE:603059 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Perfect Group Business Description

Address Hangji Industrial Park, Jiangsu Province, Yangzhou, CHN, 225111
Perfect Group Corp Ltd is a China-based company engages in the research and development, production, and sale of dental care product. Its products include toothbrushes, dental floss, interdental brushes, dental floss sticks and denture cleaning tablets.
74GF Score

Get the complete analysis for SHSE:603059

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

¥23.86
Price
¥35.48
GF Value