Vohringer Home Technology Co (SHSE:603226) Altman Z-Score: 31.62 (As of Jul. 21, 2026) — 412% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:603226 Vohringer Home Technology Co Ltd SHSE:603226
45 GF Score
Price ¥45.54
GF Value ¥5.18
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Vohringer Home Technology Co Altman Z-Score?

Vohringer Home Technology Co SHSE:603226 +5.27% 45 Altman Z-Score is 31.62 as of Jul. 21, 2026, which is 412% above its 10-year median of 6.18. GuruFocus rates SHSE:603226 with a GF Score™ of 45/100 and a GF Value™ of ¥5.18 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 428 Furnishings, Fixtures & Appliances companies, Vohringer Home Technology Co ranks better than 98.83% 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 31.62 is strong.

Vohringer Home Technology Co has a Altman Z-Score of 31.62, 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 Vohringer Home Technology Co's Altman Z-Score or its related term are showing as below:

SHSE:603226' s Altman Z-Score Range Over the Past 10 Years
Min: 2.19   Med: 6.18   Max: 31.62
Current: 31.62

During the past 13 years, Vohringer Home Technology Co's highest Altman Z-Score was 31.62. The lowest was 2.19. And the median was 6.18.


Vohringer Home Technology Co  (SHSE:603226) 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.


Vohringer Home Technology Co Altman Z-Score Related Terms


Vohringer Home Technology Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Vohringer Home Technology 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.

Vohringer Home Technology Co Altman Z-Score Chart

Vohringer Home Technology 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 5.29 4.33 5.26 3.08 19.14

Vohringer Home Technology 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 4.22 8.22 22.27 19.14 24.96

SHSE:603226 vs SN, SGI, MHK: Altman Z-Score Comparison

For the Furnishings, Fixtures & Appliances subindustry, Vohringer Home Technology 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.


Vohringer Home Technology Co Altman Z-Score vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Vohringer Home Technology Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Vohringer Home Technology Co's Altman Z-Score falls into.


SHSE:603226
45GF Score
Vohringer Home Technology Co Ltd SHSE:603226
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vohringer Home Technology 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.

Vohringer Home Technology 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*0.2366+1.4*0.2466+3.3*-0.0813+0.6*51.6129+1.0*0.291
=31.62

* 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 ¥1,225.3 Mil.
Total Current Assets was ¥468.2 Mil.
Total Current Liabilities was ¥178.3 Mil.
Retained Earnings was ¥302.2 Mil.
Pre-Tax Income was -16.993 + -57.8 + -11.184 + -17.543 = ¥-103.5 Mil.
Interest Expense was -1.023 + -0.846 + -0.849 + -1.141 = ¥-3.9 Mil.
Revenue was 28.384 + 152.049 + 74.463 + 101.627 = ¥356.5 Mil.
Market Cap (Today) was ¥16,189.1 Mil.
Total Liabilities was ¥313.7 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
=(468.188 - 178.278)/1225.337
=0.2366

X2=Retained Earnings/Total Assets
=302.205/1225.337
=0.2466

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-103.52 - -3.859)/1225.337
=-0.0813

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=16189.096/313.664
=51.6129

X5=Revenue/Total Assets
=356.523/1225.337
=0.291

The zones of discrimination were as such:

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

Vohringer Home Technology Co has a Altman Z-Score of 31.62 indicating it is in Safe 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 31.62 mean?
Vohringer Home Technology Co (SHSE:603226) has a Altman Z-Score of 31.62 as of Jul. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Vohringer Home Technology Co and its competitors. This is 412% above median its historical median of 6.18. Over the past decade, Vohringer Home Technology Co's Altman Z-Score has ranged from 2.19 to 31.62. According to the industry distribution chart, Vohringer Home Technology Co ranks #5 out of 428 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 1.2%.
Is Vohringer Home Technology Co's Altman Z-Score too high?
Vohringer Home Technology Co's current Altman Z-Score of 31.62 is 412% above median its 10-year median of 6.18. Over the past 10 years, this metric has ranged from a low of 2.19 to a high of 31.62. The Furnishings, Fixtures & Appliances industry median Altman Z-Score is 2.79. Vohringer Home Technology Co's value of 31.62 is 1033.3% above this industry median. Based on the distribution chart, Vohringer Home Technology Co ranks #5 out of 428 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Vohringer Home Technology Co has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vohringer Home Technology Co's Altman Z-Score compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Vohringer Home Technology Co ranks #5 out of 428 companies for Altman Z-Score. This places Vohringer Home Technology Co in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.79. Vohringer Home Technology Co's value of 31.62 is 1033.3% above this benchmark. Historically, Vohringer Home Technology Co's own Altman Z-Score has ranged from 2.19 to 31.62 over the past decade. While the company's 10-year median is 6.18 vs. the industry median of 2.79, Vohringer Home Technology 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 2.79, 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. Vohringer Home Technology Co's current Altman Z-Score of 31.62 is 1033.3% 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 Vohringer Home Technology Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Altman Z-Score is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vohringer Home Technology Co's current Altman Z-Score is 31.62, which is 412% above median its own 10-year median of 6.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vohringer Home Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Vohringer Home Technology Co (SHSE:603226) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥5.18, compared to a current price of ¥45.54 — trading 779.2% above its estimated fair value. The current Altman Z-Score is 31.62, which is 412% above median its 10-year median of 6.18 and 1033.3% above the Furnishings, Fixtures & Appliances industry median of 2.79. Vohringer Home Technology Co's overall GF Score™ is 45/100 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 Vohringer Home Technology Co (SHSE:603226), the current Altman Z-Score is 31.62 as of Jul. 21, 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 Vohringer Home Technology Co (SHSE:603226) Overvalued in 2026?

Based on GuruFocus' analysis, Vohringer Home Technology Co stock appears to be overvalued. The current stock price of ¥45.54 is trading 779.2% above its estimated GF Value™ of ¥5.18. GuruFocus considers Vohringer Home Technology Co to be Significantly Overvalued.

Key valuation signals for SHSE:603226:

  • Altman Z-Score: 31.62 (412% above median its 10-year median of 6.18)
  • GF Value™: ¥5.18 vs. price of ¥45.54 (779.2% above fair value)
  • GF Score™: 45/100 with 7 warning signs
  • Industry Position: 1033.3% above the Furnishings, Fixtures & Appliances median (#5 of 428)

No single metric tells the full story. See the SHSE:603226 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vohringer Home Technology Co Business Description

Address 7001 Linhai Road, Qingcun Township, Fengxian District, Shanghai, CHN, 201414
Vohringer Home Technology Co Ltd, formerly Shanghai Vohringer Wood Product Co Ltd is engaged in the development and sale of wood flooring and wood custom furniture for the whole house. The company's main products include laminate flooring, multi-layer parquet, three-layer solid wood flooring, pure wooden floors.
45GF Score

Get the complete analysis for SHSE:603226

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

¥45.54
Price
¥5.18
GF Value