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.
WebRAY Tech GroupSHSE:688651 +0.75%80 Altman Z-Score is 7.34 as of Jul. 23, 2026, which is 34% below its 10-year median of 11.20. GuruFocus rates SHSE:688651 with a GF Score™ of 80/100 and a GF Value™ of ¥30.24 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,766 Software companies, WebRAY Tech Group ranks better than 81.56% 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 7.34 is strong.
WebRAY Tech Group has a Altman Z-Score of 7.34, 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 WebRAY Tech Group's Altman Z-Score or its related term are showing as below:
SHSE:688651'
s Altman Z-Score Range Over the Past 10 Years
Min: 7.34 Med: 11.2 Max: 23.63
Current: 7.34
During the past 12 years, WebRAY Tech Group's highest Altman Z-Score was 23.63. The lowest was 7.34. And the median was 11.20.
WebRAY Tech Group (SHSE:688651) 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.
WebRAY Tech Group Altman Z-Score Related Terms
WebRAY Tech Group Altman Z-Score Historical Data
* Premium members only.
The historical data trend for WebRAY Tech Group'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:688651 vs MSFT, ORCL, PLTR: Altman Z-Score Comparison
For the Software - Infrastructure subindustry, WebRAY Tech Group'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.
WebRAY Tech Group Altman Z-Score vs Software Industry
For the Software industry and Technology sector, WebRAY Tech Group's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where WebRAY Tech Group'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.
WebRAY Tech Group's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.3731
+
1.4
*
0.0451
+
3.3
*
-0.0526
+
0.6
*
11.2185
+
1.0
*
0.2749
=
7.34
* 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.
WebRAY Tech Group (SHSE:688651) has a Altman Z-Score of 7.34 as of Jul. 23, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on WebRAY Tech Group and its competitors. This is 34% below median its historical median of 11.20. Over the past decade, WebRAY Tech Group's Altman Z-Score has ranged from 7.34 to 23.63. According to the industry distribution chart, WebRAY Tech Group ranks #510 out of 2766 companies in the Software industry, placing it in the top 18.4%.
Is WebRAY Tech Group's Altman Z-Score too high?
WebRAY Tech Group's current Altman Z-Score of 7.34 is 34% below median its 10-year median of 11.20. Over the past 10 years, this metric has ranged from a low of 7.34 to a high of 23.63. The Software industry median Altman Z-Score is 3.10. WebRAY Tech Group's value of 7.34 is 136.8% above this industry median. Based on the distribution chart, WebRAY Tech Group ranks #510 out of 2766 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, WebRAY Tech Group has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does WebRAY Tech Group's Altman Z-Score compare to MSFT and ORCL?
According to the Software industry distribution chart, WebRAY Tech Group ranks #510 out of 2766 companies for Altman Z-Score. This places WebRAY Tech Group in the top 18% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.10. WebRAY Tech Group's value of 7.34 is 136.8% above this benchmark. Historically, WebRAY Tech Group's own Altman Z-Score has ranged from 7.34 to 23.63 over the past decade. While the company's 10-year median is 11.20 vs. the industry median of 3.10, WebRAY Tech Group 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 Software company?
The median Altman Z-Score among Software companies is 3.10, based on 2,766 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. WebRAY Tech Group's current Altman Z-Score of 7.34 is 136.8% 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 WebRAY Tech Group and its competitors. For the Software industry, the median Altman Z-Score is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WebRAY Tech Group's current Altman Z-Score is 7.34, which is 34% below median its own 10-year median of 11.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WebRAY Tech Group stock overvalued right now?
Based on GuruFocus' analysis, WebRAY Tech Group (SHSE:688651) is currently considered Possible Value Trap. The stock's GF Value™ is ¥30.24, compared to a current price of ¥20.11 — trading 33.5% below its estimated fair value. The current Altman Z-Score is 7.34, which is 34% below median its 10-year median of 11.20 and 136.8% above the Software industry median of 3.10. WebRAY Tech Group's overall GF Score™ is 80/100 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 WebRAY Tech Group (SHSE:688651), the current Altman Z-Score is 7.34 as of Jul. 23, 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 WebRAY Tech Group (SHSE:688651) Overvalued in 2026?
Based on GuruFocus' analysis, WebRAY Tech Group stock appears to be undervalued.
The current stock price of ¥20.11 is trading 33.5% below its estimated GF Value™ of ¥30.24.
GuruFocus considers WebRAY Tech Group to be Possible Value Trap.
Key valuation signals for SHSE:688651:
Altman Z-Score: 7.34 (34% below median its 10-year median of 11.20)
GF Value™: ¥30.24 vs. price of ¥20.11 (33.5% below fair value)
Industry Position: 136.8% above the Software median (#510 of 2766)
No single metric tells the full story. See the SHSE:688651 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WebRAY Tech Group Inc is engaged in Research and development, production and sales of network security products. The company is focused on the field of cyberspace security, with the mission of making cyberspace more orderly, providing customers with basic network security, business scene security, and cyberspace map security products and services.
80GF Score
Get the complete analysis for SHSE:688651
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:688651 has been successfully added to your 
