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Anji Foodstuff CoSHSE:603696 +0.98%72 Altman Z-Score is 46.16 as of Aug. 04, 2026, which is 21% above its 10-year median of 38.20. GuruFocus rates SHSE:603696 with a GF Score™ of 72/100 and a GF Value™ of ¥10.02 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,931 Consumer Packaged Goods companies, Anji Foodstuff Co ranks better than 98.76% 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 46.16 is strong.
Anji Foodstuff Co has a Altman Z-Score of 46.16, 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 Anji Foodstuff Co's Altman Z-Score or its related term are showing as below:
SHSE:603696'
s Altman Z-Score Range Over the Past 10 Years
Min: 14.46 Med: 38.2 Max: 141.31
Current: 46.16
During the past 13 years, Anji Foodstuff Co's highest Altman Z-Score was 141.31. The lowest was 14.46. And the median was 38.20.
Anji Foodstuff Co (SHSE:603696) 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.
Altman Z-Score does not apply to financial companies.
Anji Foodstuff Co Altman Z-Score Related Terms
Anji Foodstuff Co Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Anji Foodstuff 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.
SHSE:603696 vs KHC, GIS: Altman Z-Score Comparison
For the Packaged Foods subindustry, Anji Foodstuff 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.
Anji Foodstuff Co Altman Z-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Anji Foodstuff Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Anji Foodstuff Co's Altman Z-Score falls into.
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.
Anji Foodstuff 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
*
0.4923
+
1.4
*
0.1253
+
3.3
*
0.063
+
0.6
*
73.7003
+
1.0
*
0.9623
=
46.16
* 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.
Anji Foodstuff Co (SHSE:603696) has a Altman Z-Score of 46.16 as of Aug. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Anji Foodstuff Co and its competitors. This is 21% above median its historical median of 38.20. Over the past decade, Anji Foodstuff Co's Altman Z-Score has ranged from 14.46 to 141.31. According to the industry distribution chart, Anji Foodstuff Co ranks #24 out of 1931 companies in the Consumer Packaged Goods industry, placing it in the top 1.2%.
Is Anji Foodstuff Co's Altman Z-Score too high?
Anji Foodstuff Co's current Altman Z-Score of 46.16 is 21% above median its 10-year median of 38.20. Over the past 10 years, this metric has ranged from a low of 14.46 to a high of 141.31. The Consumer Packaged Goods industry median Altman Z-Score is 2.85. Anji Foodstuff Co's value of 46.16 is 1519.6% above this industry median. Based on the distribution chart, Anji Foodstuff Co ranks #24 out of 1931 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Anji Foodstuff Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anji Foodstuff Co's Altman Z-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Anji Foodstuff Co ranks #24 out of 1931 companies for Altman Z-Score. This places Anji Foodstuff Co in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.85. Anji Foodstuff Co's value of 46.16 is 1519.6% above this benchmark. Historically, Anji Foodstuff Co's own Altman Z-Score has ranged from 14.46 to 141.31 over the past decade. While the company's 10-year median is 38.20 vs. the industry median of 2.85, Anji Foodstuff 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 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. Anji Foodstuff Co's current Altman Z-Score of 46.16 is 1519.6% 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 Anji Foodstuff Co 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. Anji Foodstuff Co's current Altman Z-Score is 46.16, which is 21% above median its own 10-year median of 38.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anji Foodstuff Co stock overvalued right now?
Based on GuruFocus' analysis, Anji Foodstuff Co (SHSE:603696) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥10.02, compared to a current price of ¥13.34 — trading 33.1% above its estimated fair value. The current Altman Z-Score is 46.16, which is 21% above median its 10-year median of 38.20 and 1519.6% above the Consumer Packaged Goods industry median of 2.85. Anji Foodstuff Co's overall GF Score™ is 72/100 with 4 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 Anji Foodstuff Co (SHSE:603696), the current Altman Z-Score is 46.16 as of Aug. 04, 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 Anji Foodstuff Co (SHSE:603696) Overvalued in 2026?
Based on GuruFocus' analysis, Anji Foodstuff Co stock appears to be overvalued.
The current stock price of ¥13.34 is trading 33.1% above its estimated GF Value™ of ¥10.02.
GuruFocus considers Anji Foodstuff Co to be Significantly Overvalued.
Key valuation signals for SHSE:603696:
Altman Z-Score: 46.16 (21% above median its 10-year median of 38.20)
GF Value™: ¥10.02 vs. price of ¥13.34 (33.1% above fair value)
Industry Position: 1519.6% above the Consumer Packaged Goods median (#24 of 1931)
No single metric tells the full story. See the SHSE:603696 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Anji Foodstuff Co Ltd is engaged in the research and development, production and sales of seasoning. The company has five products namely seasoning powder of mixed flavors, seasoning from natural extracts, herbs and spices, sauce and condensed soup. Its seasoning powder of mixed flavors includes seasoning for spare-rib, concentrated pork stock, beef powder, and other. Its seasonings from natural extracts comprise mushroom extract seasoning, bonito flavor bisque, scallop bisque, and others. The company herbs and spices comprise white pepper powder, five spices powder, and others; sauces include oyster, chili, curry seasoning, spare rib, and other sauces.
72GF Score
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