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Ningbo PIA Automation HoldingSHSE:688306 -4.69%66 Altman Z-Score is 2.75 as of Jul. 17, 2026, which is 42% above its 10-year median of 1.94. GuruFocus rates SHSE:688306 with a GF Score™ of 66/100 and a GF Value™ of ¥7.86 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,313 Vehicles & Parts companies, Ningbo PIA Automation Holding ranks better than 60.7% 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 3.09 is strong.
Ningbo PIA Automation Holding has a Altman Z-Score of 2.75, indicating it is in Grey Zones. This implies that Ningbo PIA Automation Holding is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Ningbo PIA Automation Holding's Altman Z-Score or its related term are showing as below:
SHSE:688306'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.1 Med: 1.94 Max: 3.45
Current: 3.09
During the past 9 years, Ningbo PIA Automation Holding's highest Altman Z-Score was 3.45. The lowest was 1.10. And the median was 1.94.
Ningbo PIA Automation Holding (SHSE:688306) 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.
Ningbo PIA Automation Holding Altman Z-Score Chart
SHSE:688306 vs ORLY, AZO: Altman Z-Score Comparison
For the Auto Parts subindustry, Ningbo PIA Automation Holding'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.
Ningbo PIA Automation Holding Altman Z-Score vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Ningbo PIA Automation Holding's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Ningbo PIA Automation Holding's Altman Z-Score falls into.
Ningbo PIA Automation Holding 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.
Ningbo PIA Automation Holding (SHSE:688306) has a Altman Z-Score of 2.75 as of Jul. 17, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ningbo PIA Automation Holding and its competitors. This is 42% above median its historical median of 1.94. Over the past decade, Ningbo PIA Automation Holding's Altman Z-Score has ranged from 1.10 to 3.45. According to the industry distribution chart, Ningbo PIA Automation Holding ranks #516 out of 1313 companies in the Vehicles & Parts industry, placing it in the top 39.3%.
Is Ningbo PIA Automation Holding's Altman Z-Score too high?
Ningbo PIA Automation Holding's current Altman Z-Score of 2.75 is 42% above median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 3.45. The Vehicles & Parts industry median Altman Z-Score is 2.56. Ningbo PIA Automation Holding's value of 2.75 is 7.4% above this industry median. Based on the distribution chart, Ningbo PIA Automation Holding ranks #516 out of 1313 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Ningbo PIA Automation Holding has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo PIA Automation Holding's Altman Z-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Ningbo PIA Automation Holding ranks #516 out of 1313 companies for Altman Z-Score. This puts Ningbo PIA Automation Holding in the upper half of its industry. The industry median Altman Z-Score is 2.56. Ningbo PIA Automation Holding's value of 2.75 is 7.4% above this benchmark. Historically, Ningbo PIA Automation Holding's own Altman Z-Score has ranged from 1.10 to 3.45 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 2.56, Ningbo PIA Automation Holding 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 Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.56, based on 1,313 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. Ningbo PIA Automation Holding's current Altman Z-Score of 2.75 is 7.4% 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 Ningbo PIA Automation Holding and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo PIA Automation Holding's current Altman Z-Score is 2.75, which is 42% above median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo PIA Automation Holding stock overvalued right now?
Based on GuruFocus' analysis, Ningbo PIA Automation Holding (SHSE:688306) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥7.86, compared to a current price of ¥8.74 — trading 11.2% above its estimated fair value. The current Altman Z-Score is 2.75, which is 42% above median its 10-year median of 1.94 and 7.4% above the Vehicles & Parts industry median of 2.56. Ningbo PIA Automation Holding's overall GF Score™ is 66/100 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 Ningbo PIA Automation Holding (SHSE:688306), the current Altman Z-Score is 2.75 as of Jul. 17, 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 Ningbo PIA Automation Holding (SHSE:688306) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo PIA Automation Holding stock appears to be overvalued.
The current stock price of ¥8.74 is trading 11.2% above its estimated GF Value™ of ¥7.86.
GuruFocus considers Ningbo PIA Automation Holding to be Modestly Overvalued.
Key valuation signals for SHSE:688306:
Altman Z-Score: 2.75 (42% above median its 10-year median of 1.94)
GF Value™: ¥7.86 vs. price of ¥8.74 (11.2% above fair value)
Industry Position: 7.4% above the Vehicles & Parts median (#516 of 1313)
No single metric tells the full story. See the SHSE:688306 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo PIA Automation Holding Business Description
Ningbo PIA Automation Holding Corp is engaged in the research and development, production, sales and service of complete sets of customized assembly and inspection intelligent manufacturing equipment and digital software.
66GF Score
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