Jiangsu Guomao Reducer Co (SHSE:603915) Altman Z-Score: 5.12 (As of Aug. 08, 2026) — 19% Below 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:603915 Jiangsu Guomao Reducer Co Ltd SHSE:603915
89 GF Score
Price ¥13.58
GF Value ¥16.40
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Jiangsu Guomao Reducer Co Altman Z-Score?

Jiangsu Guomao Reducer Co SHSE:603915 +0.07% 89 Altman Z-Score is 5.12 as of Aug. 08, 2026, which is 19% below its 10-year median of 6.34. GuruFocus rates SHSE:603915 with a GF Score™ of 89/100 and a GF Value™ of ¥16.40 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 3,006 Industrial Products companies, Jiangsu Guomao Reducer Co ranks better than 68.26% 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 4.73 is strong.

Jiangsu Guomao Reducer Co has a Altman Z-Score of 5.12, 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 Jiangsu Guomao Reducer Co's Altman Z-Score or its related term are showing as below:

SHSE:603915' s Altman Z-Score Range Over the Past 10 Years
Min: 1.69   Med: 6.34   Max: 8.68
Current: 4.73

During the past 12 years, Jiangsu Guomao Reducer Co's highest Altman Z-Score was 8.68. The lowest was 1.69. And the median was 6.34.


Jiangsu Guomao Reducer Co  (SHSE:603915) 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.


Jiangsu Guomao Reducer Co Altman Z-Score Related Terms


Jiangsu Guomao Reducer Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Jiangsu Guomao Reducer 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.

Jiangsu Guomao Reducer Co Altman Z-Score Chart

Jiangsu Guomao Reducer 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 8.03 7.83 6.37 4.44 6.10

Jiangsu Guomao Reducer 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 6.32 5.59 5.76 6.10 5.41

SHSE:603915 vs GEV, ETN, PH: Altman Z-Score Comparison

For the Specialty Industrial Machinery subindustry, Jiangsu Guomao Reducer 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.


Jiangsu Guomao Reducer Co Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jiangsu Guomao Reducer Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Jiangsu Guomao Reducer Co's Altman Z-Score falls into.


SHSE:603915
89GF Score
Jiangsu Guomao Reducer Co Ltd SHSE:603915
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jiangsu Guomao Reducer 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.

Jiangsu Guomao Reducer 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*0.4244+1.4*0.3226+3.3*0.0534+0.6*5.8066+1.0*0.4982
=5.12

* 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 ¥5,422 Mil.
Total Current Assets was ¥3,782 Mil.
Total Current Liabilities was ¥1,480 Mil.
Retained Earnings was ¥1,749 Mil.
Pre-Tax Income was 63.146 + 63.452 + 90.509 + 71.993 = ¥289 Mil.
Interest Expense was -0.057 + -0.01 + -0.052 + -0.201 = ¥-0 Mil.
Revenue was 657.336 + 659.066 + 697.174 + 687.903 = ¥2,701 Mil.
Market Cap (Today) was ¥9,070 Mil.
Total Liabilities was ¥1,562 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
=(3781.799 - 1480.44)/5421.986
=0.4244

X2=Retained Earnings/Total Assets
=1749.046/5421.986
=0.3226

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(289.1 - -0.32)/5421.986
=0.0534

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=9069.844/1561.983
=5.8066

X5=Revenue/Total Assets
=2701.479/5421.986
=0.4982

The zones of discrimination were as such:

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

Jiangsu Guomao Reducer Co has a Altman Z-Score of 5.12 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 5.12 mean?
Jiangsu Guomao Reducer Co (SHSE:603915) has a Altman Z-Score of 5.12 as of Aug. 08, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Jiangsu Guomao Reducer Co and its competitors. This is 19% below median its historical median of 6.34. Over the past decade, Jiangsu Guomao Reducer Co's Altman Z-Score has ranged from 1.69 to 8.68. According to the industry distribution chart, Jiangsu Guomao Reducer Co ranks #954 out of 3006 companies in the Industrial Products industry, placing it in the top 31.7%.
Is Jiangsu Guomao Reducer Co's Altman Z-Score too high?
Jiangsu Guomao Reducer Co's current Altman Z-Score of 5.12 is 19% below median its 10-year median of 6.34. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 8.68. The Industrial Products industry median Altman Z-Score is 3.19. Jiangsu Guomao Reducer Co's value of 5.12 is 60.5% above this industry median. Based on the distribution chart, Jiangsu Guomao Reducer Co ranks #954 out of 3006 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Jiangsu Guomao Reducer Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Guomao Reducer Co's Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Jiangsu Guomao Reducer Co ranks #954 out of 3006 companies for Altman Z-Score. This puts Jiangsu Guomao Reducer Co in the upper half of its industry. The industry median Altman Z-Score is 3.19. Jiangsu Guomao Reducer Co's value of 5.12 is 60.5% above this benchmark. Historically, Jiangsu Guomao Reducer Co's own Altman Z-Score has ranged from 1.69 to 8.68 over the past decade. While the company's 10-year median is 6.34 vs. the industry median of 3.19, Jiangsu Guomao Reducer 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.19, based on 3,006 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. Jiangsu Guomao Reducer Co's current Altman Z-Score of 5.12 is 60.5% 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 Jiangsu Guomao Reducer Co and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu Guomao Reducer Co's current Altman Z-Score is 5.12, which is 19% below median its own 10-year median of 6.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Guomao Reducer Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu Guomao Reducer Co (SHSE:603915) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥16.40, compared to a current price of ¥13.58 — trading 17.2% below its estimated fair value. The current Altman Z-Score is 5.12, which is 19% below median its 10-year median of 6.34 and 60.5% above the Industrial Products industry median of 3.19. Jiangsu Guomao Reducer Co's overall GF Score™ is 89/100 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 Jiangsu Guomao Reducer Co (SHSE:603915), the current Altman Z-Score is 5.12 as of Aug. 08, 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 Jiangsu Guomao Reducer Co (SHSE:603915) Overvalued in 2026?

Based on GuruFocus' analysis, Jiangsu Guomao Reducer Co stock appears to be undervalued. The current stock price of ¥13.58 is trading 17.2% below its estimated GF Value™ of ¥16.40. GuruFocus considers Jiangsu Guomao Reducer Co to be Modestly Undervalued.

Key valuation signals for SHSE:603915:

  • Altman Z-Score: 5.12 (19% below median its 10-year median of 6.34)
  • GF Value™: ¥16.40 vs. price of ¥13.58 (17.2% below fair value)
  • GF Score™: 89/100 with 4 warning signs
  • Industry Position: 60.5% above the Industrial Products median (#954 of 3006)

No single metric tells the full story. See the SHSE:603915 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jiangsu Guomao Reducer Co Business Description

Address No.98 Longqian Road, Wujin High-Tech Zone, Jiangsu, Changzhou, CHN
Jiangsu Guomao Reducer Co Ltd is primarily involved in the research and development, manufacturing an sale of reducers and motors. It offers products such as Geared motor, Cycloidal reducer, Industrial gearbox, Planetary gearbox, plastic and rubber special reducer and other products.
89GF Score

Get the complete analysis for SHSE:603915

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

¥13.58
Price
¥16.40
GF Value