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 11.98 is strong.
Guizhou Zhenhua Fengguang Semiconductor Co has a Altman Z-Score of 11.28, 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.
Guizhou Zhenhua Fengguang Semiconductor Co (SHSE:688439) 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.
Guizhou Zhenhua Fengguang Semiconductor Co Altman Z-Score Chart
Guizhou Zhenhua Fengguang Semiconductor Co Annual Data
SHSE:688439 vs NVDA, AVGO, MU: Altman Z-Score Comparison
For the Semiconductors subindustry, Guizhou Zhenhua Fengguang Semiconductor 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.
Guizhou Zhenhua Fengguang Semiconductor Co Altman Z-Score vs Semiconductors Industry
Guizhou Zhenhua Fengguang Semiconductor 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.
Guizhou Zhenhua Fengguang Semiconductor Co (SHSE:688439) has a Altman Z-Score of 11.28 as of Jul. 13, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Guizhou Zhenhua Fengguang Semiconductor Co and its competitors. This is 30% below median its historical median of 16.17. Over the past decade, Guizhou Zhenhua Fengguang Semiconductor Co's Altman Z-Score has ranged from 11.98 to 26.28. According to the industry distribution chart, Guizhou Zhenhua Fengguang Semiconductor Co ranks #276 out of 1016 companies in the Semiconductors industry, placing it in the top 27.2%.
Is Guizhou Zhenhua Fengguang Semiconductor Co's Altman Z-Score too high?
Guizhou Zhenhua Fengguang Semiconductor Co's current Altman Z-Score of 11.28 is 30% below median its 10-year median of 16.17. Over the past 10 years, this metric has ranged from a low of 11.98 to a high of 26.28. The Semiconductors industry median Altman Z-Score is 5.40. Guizhou Zhenhua Fengguang Semiconductor Co's value of 11.28 is 108.9% above this industry median. Based on the distribution chart, Guizhou Zhenhua Fengguang Semiconductor Co ranks #276 out of 1016 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Guizhou Zhenhua Fengguang Semiconductor Co has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Guizhou Zhenhua Fengguang Semiconductor Co's Altman Z-Score compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Guizhou Zhenhua Fengguang Semiconductor Co ranks #276 out of 1016 companies for Altman Z-Score. This puts Guizhou Zhenhua Fengguang Semiconductor Co in the upper half of its industry. The industry median Altman Z-Score is 5.40. Guizhou Zhenhua Fengguang Semiconductor Co's value of 11.28 is 108.9% above this benchmark. Historically, Guizhou Zhenhua Fengguang Semiconductor Co's own Altman Z-Score has ranged from 11.98 to 26.28 over the past decade. While the company's 10-year median is 16.17 vs. the industry median of 5.40, Guizhou Zhenhua Fengguang Semiconductor 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 Semiconductors company?
The median Altman Z-Score among Semiconductors companies is 5.40, based on 1,016 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. Guizhou Zhenhua Fengguang Semiconductor Co's current Altman Z-Score of 11.28 is 108.9% 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 Guizhou Zhenhua Fengguang Semiconductor Co and its competitors. For the Semiconductors industry, the median Altman Z-Score is 5.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guizhou Zhenhua Fengguang Semiconductor Co's current Altman Z-Score is 11.28, which is 30% below median its own 10-year median of 16.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guizhou Zhenhua Fengguang Semiconductor Co stock overvalued right now?
Based on GuruFocus' analysis, Guizhou Zhenhua Fengguang Semiconductor Co (SHSE:688439) is currently considered Fairly Valued. The stock's GF Value™ is ¥46.11, compared to a current price of ¥43.41 — trading 5.9% below its estimated fair value. The current Altman Z-Score is 11.28, which is 30% below median its 10-year median of 16.17 and 108.9% above the Semiconductors industry median of 5.40. Guizhou Zhenhua Fengguang Semiconductor Co's overall GF Score™ is 61/100 with 10 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 Guizhou Zhenhua Fengguang Semiconductor Co (SHSE:688439), the current Altman Z-Score is 11.28 as of Jul. 13, 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 Guizhou Zhenhua Fengguang Semiconductor Co (SHSE:688439) Overvalued in 2026?
Based on GuruFocus' analysis, Guizhou Zhenhua Fengguang Semiconductor Co stock appears to be undervalued.
The current stock price of ¥43.41 is trading 5.9% below its estimated GF Value™ of ¥46.11.
GuruFocus considers Guizhou Zhenhua Fengguang Semiconductor Co to be Fairly Valued.
Key valuation signals for SHSE:688439:
Altman Z-Score: 11.28 (30% below median its 10-year median of 16.17)
GF Value™: ¥46.11 vs. price of ¥43.41 (5.9% below fair value)
Industry Position: 108.9% above the Semiconductors median (#276 of 1016)
No single metric tells the full story. See the SHSE:688439 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guizhou Zhenhua Fengguang Semiconductor Co Business Description
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