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Ningbo Fujia Industrial CoSHSE:603219 -0.39%75 Altman Z-Score is 5.02 as of Jul. 27, 2026, which is 20% below its 10-year median of 6.24. GuruFocus rates SHSE:603219 with a GF Score™ of 75/100 and a GF Value™ of ¥19.18 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 428 Furnishings, Fixtures & Appliances companies, Ningbo Fujia Industrial Co ranks better than 79.21% 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.
Good Sign:
Altman Z-score of 5.04 is strong.
Ningbo Fujia Industrial Co has a Altman Z-Score of 5.02, 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.
The historical rank and industry rank for Ningbo Fujia Industrial Co's Altman Z-Score or its related term are showing as below:
SHSE:603219'
s Altman Z-Score Range Over the Past 10 Years
Min: 5 Med: 6.24 Max: 8.52
Current: 5.04
During the past 9 years, Ningbo Fujia Industrial Co's highest Altman Z-Score was 8.52. The lowest was 5.00. And the median was 6.24.
Ningbo Fujia Industrial Co (SHSE:603219) 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:603219 vs SN, SGI, MHK: Altman Z-Score Comparison
For the Furnishings, Fixtures & Appliances subindustry, Ningbo Fujia Industrial 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.
Ningbo Fujia Industrial Co Altman Z-Score vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ningbo Fujia Industrial Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Ningbo Fujia Industrial Co's Altman Z-Score falls into.
Ningbo Fujia Industrial 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.
Ningbo Fujia Industrial Co (SHSE:603219) has a Altman Z-Score of 5.02 as of Jul. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ningbo Fujia Industrial Co and its competitors. This is 20% below median its historical median of 6.24. Over the past decade, Ningbo Fujia Industrial Co's Altman Z-Score has ranged from 5.00 to 8.52. According to the industry distribution chart, Ningbo Fujia Industrial Co ranks #89 out of 428 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 20.8%.
Is Ningbo Fujia Industrial Co's Altman Z-Score too high?
Ningbo Fujia Industrial Co's current Altman Z-Score of 5.02 is 20% below median its 10-year median of 6.24. Over the past 10 years, this metric has ranged from a low of 5.00 to a high of 8.52. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.77. Ningbo Fujia Industrial Co's value of 5.02 is 81.6% above this industry median. Based on the distribution chart, Ningbo Fujia Industrial Co ranks #89 out of 428 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Fujia Industrial Co has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Fujia Industrial Co's Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Ningbo Fujia Industrial Co ranks #89 out of 428 companies for Altman Z-Score. This places Ningbo Fujia Industrial Co in the top 21% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.77. Ningbo Fujia Industrial Co's value of 5.02 is 81.6% above this benchmark. Historically, Ningbo Fujia Industrial Co's own Altman Z-Score has ranged from 5.00 to 8.52 over the past decade. While the company's 10-year median is 6.24 vs. the industry median of 2.77, Ningbo Fujia Industrial 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 2.77, based on 428 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. Ningbo Fujia Industrial Co's current Altman Z-Score of 5.02 is 81.6% 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 Ningbo Fujia Industrial Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Fujia Industrial Co's current Altman Z-Score is 5.02, which is 20% below median its own 10-year median of 6.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Fujia Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Fujia Industrial Co (SHSE:603219) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥19.18, compared to a current price of ¥12.69 — trading 33.8% below its estimated fair value. The current Altman Z-Score is 5.02, which is 20% below median its 10-year median of 6.24 and 81.6% above the Furnishings, Fixtures & Appliances industry median of 2.77. Ningbo Fujia Industrial Co's overall GF Score™ is 75/100 with 7 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 Ningbo Fujia Industrial Co (SHSE:603219), the current Altman Z-Score is 5.02 as of Jul. 27, 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 Ningbo Fujia Industrial Co (SHSE:603219) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Fujia Industrial Co stock appears to be undervalued.
The current stock price of ¥12.69 is trading 33.8% below its estimated GF Value™ of ¥19.18.
GuruFocus considers Ningbo Fujia Industrial Co to be Significantly Undervalued.
Key valuation signals for SHSE:603219:
Altman Z-Score: 5.02 (20% below median its 10-year median of 6.24)
GF Value™: ¥19.18 vs. price of ¥12.69 (33.8% below fair value)
Industry Position: 81.6% above the Furnishings, Fixtures & Appliances median (#89 of 428)
No single metric tells the full story. See the SHSE:603219 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Fujia Industrial Co Ltd is engaged in the research and development, design, production and sales of intelligent cleaning small household appliances such as vacuum cleaners, sweeping robots, and important components such as brushless motors.
75GF Score
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