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 10.94 is strong.
Nanjing Medlander Medical Technology Co has a Altman Z-Score of 10.94, 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.
Nanjing Medlander Medical Technology Co (SHSE:688273) 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.
Nanjing Medlander Medical Technology Co Altman Z-Score Chart
Nanjing Medlander Medical Technology Co Annual Data
SHSE:688273 vs ABT, SYK, MDT: Altman Z-Score Comparison
For the Medical Devices subindustry, Nanjing Medlander Medical 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.
Nanjing Medlander Medical Technology Co Altman Z-Score vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Nanjing Medlander Medical Technology Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Nanjing Medlander Medical Technology Co's Altman Z-Score falls into.
Nanjing Medlander Medical 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.
* 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.
Nanjing Medlander Medical Technology Co (SHSE:688273) has a Altman Z-Score of 10.94 as of Jul. 09, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Nanjing Medlander Medical Technology Co and its competitors. This is 19% below median its historical median of 13.55. Over the past decade, Nanjing Medlander Medical Technology Co's Altman Z-Score has ranged from 8.43 to 29.10. According to the industry distribution chart, Nanjing Medlander Medical Technology Co ranks #116 out of 808 companies in the Medical Devices & Instruments industry, placing it in the top 14.4%.
Is Nanjing Medlander Medical Technology Co's Altman Z-Score too high?
Nanjing Medlander Medical Technology Co's current Altman Z-Score of 10.94 is 19% below median its 10-year median of 13.55. Over the past 10 years, this metric has ranged from a low of 8.43 to a high of 29.10. The Medical Devices & Instruments industry median Altman Z-Score is 2.99. Nanjing Medlander Medical Technology Co's value of 10.94 is 266.5% above this industry median. Based on the distribution chart, Nanjing Medlander Medical Technology Co ranks #116 out of 808 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Nanjing Medlander Medical Technology Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nanjing Medlander Medical Technology Co's Altman Z-Score compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Nanjing Medlander Medical Technology Co ranks #116 out of 808 companies for Altman Z-Score. This places Nanjing Medlander Medical Technology Co in the top 14% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.99. Nanjing Medlander Medical Technology Co's value of 10.94 is 266.5% above this benchmark. Historically, Nanjing Medlander Medical Technology Co's own Altman Z-Score has ranged from 8.43 to 29.10 over the past decade. While the company's 10-year median is 13.55 vs. the industry median of 2.99, Nanjing Medlander Medical 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 Medical Devices & Instruments company?
The median Altman Z-Score among Medical Devices & Instruments companies is 2.99, based on 808 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. Nanjing Medlander Medical Technology Co's current Altman Z-Score of 10.94 is 266.5% 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 Nanjing Medlander Medical Technology Co and its competitors. For the Medical Devices & Instruments industry, the median Altman Z-Score is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nanjing Medlander Medical Technology Co's current Altman Z-Score is 10.94, which is 19% below median its own 10-year median of 13.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nanjing Medlander Medical Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Nanjing Medlander Medical Technology Co (SHSE:688273) is currently considered Fairly Valued. The stock's GF Value™ is ¥35.09, compared to a current price of ¥36.30 — trading 3.4% above its estimated fair value. The current Altman Z-Score is 10.94, which is 19% below median its 10-year median of 13.55 and 266.5% above the Medical Devices & Instruments industry median of 2.99. Nanjing Medlander Medical Technology Co's overall GF Score™ is 80/100 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 Nanjing Medlander Medical Technology Co (SHSE:688273), the current Altman Z-Score is 10.94 as of Jul. 09, 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 Nanjing Medlander Medical Technology Co (SHSE:688273) Overvalued in 2026?
Based on GuruFocus' analysis, Nanjing Medlander Medical Technology Co stock appears to be overvalued.
The current stock price of ¥36.30 is trading 3.4% above its estimated GF Value™ of ¥35.09.
GuruFocus considers Nanjing Medlander Medical Technology Co to be Fairly Valued.
Key valuation signals for SHSE:688273:
Altman Z-Score: 10.94 (19% below median its 10-year median of 13.55)
GF Value™: ¥35.09 vs. price of ¥36.30 (3.4% above fair value)
Industry Position: 266.5% above the Medical Devices & Instruments median (#116 of 808)
No single metric tells the full story. See the SHSE:688273 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nanjing Medlander Medical Technology Co Business Description
Nanjing Medlander Medical Technology Co Ltd is engaged in the research and development, production, sales, and service of related products in the field of pelvic floor and postpartum rehabilitation. Its products mainly include: biostimulation feedback instrument, color ultrasound diagnosis and evaluation system, magnetic stimulator, high-frequency evaluation electrocautery instrument, pelvic floor training instrument, portable postpartum recovery instrument, home pelvic floor rehabilitation therapy instrument, etc., which are widely used in obstetrics and gynecology, pelvic floor rehabilitation center, urology, anorectal department and other hospital departments.
80GF Score
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