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.
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.
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 16.91 is strong.
Hubei Jianghan New Materials Co has a Altman Z-Score of 16.91, 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 Hubei Jianghan New Materials Co's Altman Z-Score or its related term are showing as below:
SHSE:603281'
s Altman Z-Score Range Over the Past 10 Years
Min: 12.47 Med: 17.6 Max: 22.01
Current: 16.91
During the past 8 years, Hubei Jianghan New Materials Co's highest Altman Z-Score was 22.01. The lowest was 12.47. And the median was 17.60.
Hubei Jianghan New Materials Co (SHSE:603281) 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.
Hubei Jianghan New Materials Co Altman Z-Score Chart
For the Chemicals subindustry, Hubei Jianghan New Materials 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.
Hubei Jianghan New Materials Co Altman Z-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Hubei Jianghan New Materials Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Hubei Jianghan New Materials Co's Altman Z-Score falls into.
Hubei Jianghan New Materials 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.
Hubei Jianghan New Materials Co (SHSE:603281) has a Altman Z-Score of 16.91 as of Jul. 23, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hubei Jianghan New Materials Co and its competitors. This is near median its historical median of 17.60. Over the past decade, Hubei Jianghan New Materials Co's Altman Z-Score has ranged from 12.47 to 22.01. According to the industry distribution chart, Hubei Jianghan New Materials Co ranks #101 out of 1561 companies in the Chemicals industry, placing it in the top 6.5%.
Is Hubei Jianghan New Materials Co's Altman Z-Score too high?
Hubei Jianghan New Materials Co's current Altman Z-Score of 16.91 is near median its 10-year median of 17.60. Over the past 10 years, this metric has ranged from a low of 12.47 to a high of 22.01. The Chemicals industry median Altman Z-Score is 3.06. Hubei Jianghan New Materials Co's value of 16.91 is 452.6% above this industry median. Based on the distribution chart, Hubei Jianghan New Materials Co ranks #101 out of 1561 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Hubei Jianghan New Materials Co has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hubei Jianghan New Materials Co's Altman Z-Score compare to DOW?
According to the Chemicals industry distribution chart, Hubei Jianghan New Materials Co ranks #101 out of 1561 companies for Altman Z-Score. This places Hubei Jianghan New Materials Co in the top 7% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.06. Hubei Jianghan New Materials Co's value of 16.91 is 452.6% above this benchmark. Historically, Hubei Jianghan New Materials Co's own Altman Z-Score has ranged from 12.47 to 22.01 over the past decade. While the company's 10-year median is 17.60 vs. the industry median of 3.06, Hubei Jianghan New Materials 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.06, based on 1,561 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. Hubei Jianghan New Materials Co's current Altman Z-Score of 16.91 is 452.6% 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 Hubei Jianghan New Materials Co and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hubei Jianghan New Materials Co's current Altman Z-Score is 16.91, which is near median its own 10-year median of 17.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hubei Jianghan New Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Hubei Jianghan New Materials Co (SHSE:603281) is currently considered Fairly Valued. The stock's GF Value™ is ¥17.62, compared to a current price of ¥19.14 — trading 8.6% above its estimated fair value. The current Altman Z-Score is 16.91, which is near median its 10-year median of 17.60 and 452.6% above the Chemicals industry median of 3.06. Hubei Jianghan New Materials Co's overall GF Score™ is 79/100 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 Hubei Jianghan New Materials Co (SHSE:603281), the current Altman Z-Score is 16.91 as of Jul. 23, 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 Hubei Jianghan New Materials Co (SHSE:603281) Overvalued in 2026?
Based on GuruFocus' analysis, Hubei Jianghan New Materials Co stock appears to be overvalued.
The current stock price of ¥19.14 is trading 8.6% above its estimated GF Value™ of ¥17.62.
GuruFocus considers Hubei Jianghan New Materials Co to be Fairly Valued.
Key valuation signals for SHSE:603281:
Altman Z-Score: 16.91 (near median its 10-year median of 17.60)
GF Value™: ¥17.62 vs. price of ¥19.14 (8.6% above fair value)
Industry Position: 452.6% above the Chemicals median (#101 of 1561)
No single metric tells the full story. See the SHSE:603281 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hubei Jianghan New Materials Co Business Description
Hubei Jianghan New Materials Co Ltd is engaged in the research and development, production and sales of functional organosilanes and other silicon-based new materials.
79GF Score
Get the complete analysis for SHSE:603281
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:603281 has been successfully added to your 
