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Niutech Environment TechnologySHSE:688309 +4.80%76 Altman Z-Score is 15.93 as of Jul. 21, 2026, which is 43% above its 10-year median of 11.16. GuruFocus rates SHSE:688309 with a GF Score™ of 76/100 and a GF Value™ of ¥45.07 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 3,007 Industrial Products companies, Niutech Environment Technology ranks better than 95.01% 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 16.88 is strong.
Niutech Environment Technology has a Altman Z-Score of 15.93, 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 Niutech Environment Technology's Altman Z-Score or its related term are showing as below:
SHSE:688309'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.51 Med: 11.16 Max: 30.31
Current: 16.88
During the past 13 years, Niutech Environment Technology's highest Altman Z-Score was 30.31. The lowest was 4.51. And the median was 11.16.
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.
SHSE:688309 vs VLTO, ZWS, CECO: Altman Z-Score Comparison
For the Pollution & Treatment Controls subindustry, Niutech Environment Technology'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.
Niutech Environment Technology Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Niutech Environment Technology's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Niutech Environment Technology'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.
Niutech Environment Technology (SHSE:688309) has a Altman Z-Score of 15.93 as of Jul. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Niutech Environment Technology and its competitors. This is 43% above median its historical median of 11.16. Over the past decade, Niutech Environment Technology's Altman Z-Score has ranged from 4.51 to 30.31. According to the industry distribution chart, Niutech Environment Technology ranks #150 out of 3007 companies in the Industrial Products industry, placing it in the top 5%.
Is Niutech Environment Technology's Altman Z-Score too high?
Niutech Environment Technology's current Altman Z-Score of 15.93 is 43% above median its 10-year median of 11.16. Over the past 10 years, this metric has ranged from a low of 4.51 to a high of 30.31. The Industrial Products industry median Altman Z-Score is 3.21. Niutech Environment Technology's value of 15.93 is 396.3% above this industry median. Based on the distribution chart, Niutech Environment Technology ranks #150 out of 3007 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Niutech Environment Technology has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Niutech Environment Technology's Altman Z-Score compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Niutech Environment Technology ranks #150 out of 3007 companies for Altman Z-Score. This places Niutech Environment Technology in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.21. Niutech Environment Technology's value of 15.93 is 396.3% above this benchmark. Historically, Niutech Environment Technology's own Altman Z-Score has ranged from 4.51 to 30.31 over the past decade. While the company's 10-year median is 11.16 vs. the industry median of 3.21, Niutech Environment Technology 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 3.21, based on 3,007 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. Niutech Environment Technology's current Altman Z-Score of 15.93 is 396.3% 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 Niutech Environment Technology and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Niutech Environment Technology's current Altman Z-Score is 15.93, which is 43% above median its own 10-year median of 11.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Niutech Environment Technology stock overvalued right now?
Based on GuruFocus' analysis, Niutech Environment Technology (SHSE:688309) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥45.07, compared to a current price of ¥57.65 — trading 27.9% above its estimated fair value. The current Altman Z-Score is 15.93, which is 43% above median its 10-year median of 11.16 and 396.3% above the Industrial Products industry median of 3.21. Niutech Environment Technology's overall GF Score™ is 76/100 with 3 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 Niutech Environment Technology (SHSE:688309), the current Altman Z-Score is 15.93 as of Jul. 21, 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 Niutech Environment Technology (SHSE:688309) Overvalued in 2026?
Based on GuruFocus' analysis, Niutech Environment Technology stock appears to be overvalued.
The current stock price of ¥57.65 is trading 27.9% above its estimated GF Value™ of ¥45.07.
GuruFocus considers Niutech Environment Technology to be Modestly Overvalued.
Key valuation signals for SHSE:688309:
Altman Z-Score: 15.93 (43% above median its 10-year median of 11.16)
GF Value™: ¥45.07 vs. price of ¥57.65 (27.9% above fair value)
Industry Position: 396.3% above the Industrial Products median (#150 of 3007)
No single metric tells the full story. See the SHSE:688309 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Niutech Environment Technology Business Description
Niutech Environment Technology Corp is engaged in organic waste cracking technology research and development and related equipment design, production and sales. The company specializes in high polymer waste, such as waste tyre, waste plastic, oil sludge, waste oil, biomass, hazard waste and municipal sludge Pyrolysis technology and equipment manufacturing and product sales.
76GF Score
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