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 7.02 is strong.
Jiaxing ZMAX Optech Co has a Altman Z-Score of 6.11, 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 Jiaxing ZMAX Optech Co's Altman Z-Score or its related term are showing as below:
SHSE:688307'
s Altman Z-Score Range Over the Past 10 Years
Min: 5.04 Med: 7.72 Max: 14.58
Current: 7.02
During the past 7 years, Jiaxing ZMAX Optech Co's highest Altman Z-Score was 14.58. The lowest was 5.04. And the median was 7.72.
Jiaxing ZMAX Optech Co (SHSE:688307) 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.
Jiaxing ZMAX Optech Co Altman Z-Score Related Terms
Jiaxing ZMAX Optech Co Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Jiaxing ZMAX Optech 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:688307 vs APH, GLW: Altman Z-Score Comparison
For the Electronic Components subindustry, Jiaxing ZMAX Optech 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.
Jiaxing ZMAX Optech Co Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, Jiaxing ZMAX Optech Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Jiaxing ZMAX Optech 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.
* 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.
Jiaxing ZMAX Optech Co (SHSE:688307) has a Altman Z-Score of 6.11 as of Jul. 20, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Jiaxing ZMAX Optech Co and its competitors. This is 21% below median its historical median of 7.72. Over the past decade, Jiaxing ZMAX Optech Co's Altman Z-Score has ranged from 5.04 to 14.58. According to the industry distribution chart, Jiaxing ZMAX Optech Co ranks #537 out of 2459 companies in the Hardware industry, placing it in the top 21.8%.
Is Jiaxing ZMAX Optech Co's Altman Z-Score too high?
Jiaxing ZMAX Optech Co's current Altman Z-Score of 6.11 is 21% below median its 10-year median of 7.72. Over the past 10 years, this metric has ranged from a low of 5.04 to a high of 14.58. The Hardware industry median Altman Z-Score is 3.45. Jiaxing ZMAX Optech Co's value of 6.11 is 77.1% above this industry median. Based on the distribution chart, Jiaxing ZMAX Optech Co ranks #537 out of 2459 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Jiaxing ZMAX Optech Co has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jiaxing ZMAX Optech Co's Altman Z-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Jiaxing ZMAX Optech Co ranks #537 out of 2459 companies for Altman Z-Score. This places Jiaxing ZMAX Optech Co in the top 22% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.45. Jiaxing ZMAX Optech Co's value of 6.11 is 77.1% above this benchmark. Historically, Jiaxing ZMAX Optech Co's own Altman Z-Score has ranged from 5.04 to 14.58 over the past decade. While the company's 10-year median is 7.72 vs. the industry median of 3.45, Jiaxing ZMAX Optech 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.45, based on 2,459 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. Jiaxing ZMAX Optech Co's current Altman Z-Score of 6.11 is 77.1% 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 Jiaxing ZMAX Optech Co and its competitors. For the Hardware industry, the median Altman Z-Score is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiaxing ZMAX Optech Co's current Altman Z-Score is 6.11, which is 21% below median its own 10-year median of 7.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiaxing ZMAX Optech Co stock overvalued right now?
Based on GuruFocus' analysis, Jiaxing ZMAX Optech Co (SHSE:688307) is currently considered Fairly Valued. The stock's GF Value™ is ¥41.56, compared to a current price of ¥40.13 — trading 3.4% below its estimated fair value. The current Altman Z-Score is 6.11, which is 21% below median its 10-year median of 7.72 and 77.1% above the Hardware industry median of 3.45. Jiaxing ZMAX Optech Co's overall GF Score™ is 78/100 with 6 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 Jiaxing ZMAX Optech Co (SHSE:688307), the current Altman Z-Score is 6.11 as of Jul. 20, 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 Jiaxing ZMAX Optech Co (SHSE:688307) Overvalued in 2026?
Based on GuruFocus' analysis, Jiaxing ZMAX Optech Co stock appears to be undervalued.
The current stock price of ¥40.13 is trading 3.4% below its estimated GF Value™ of ¥41.56.
GuruFocus considers Jiaxing ZMAX Optech Co to be Fairly Valued.
Key valuation signals for SHSE:688307:
Altman Z-Score: 6.11 (21% below median its 10-year median of 7.72)
GF Value™: ¥41.56 vs. price of ¥40.13 (3.4% below fair value)
Industry Position: 77.1% above the Hardware median (#537 of 2459)
No single metric tells the full story. See the SHSE:688307 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiaxing ZMAX Optech Co Ltd is a precision optical lens product and technology development service provider. It develops various 4K/8K ultra-high-definition optics for various fields such as smart IoT, smart driving, smart terminals, smart home, and machine vision.
78GF Score
Get the complete analysis for SHSE:688307
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:688307 has been successfully added to your 
