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Wave Cyber (Shanghai) CoSHSE:688718 -11.56%83 Altman Z-Score is 15.74 as of Jul. 19, 2026, which is 5% below its 10-year median of 16.50. GuruFocus rates SHSE:688718 with a GF Score™ of 83/100 and a GF Value™ of ¥15.02 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 236 Waste Management companies, Wave Cyber (Shanghai) Co ranks better than 95.76% 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 15.74 is strong.
Wave Cyber (Shanghai) Co has a Altman Z-Score of 15.74, 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 Wave Cyber (Shanghai) Co's Altman Z-Score or its related term are showing as below:
SHSE:688718'
s Altman Z-Score Range Over the Past 10 Years
Min: 7.85 Med: 16.5 Max: 32.41
Current: 15.74
During the past 9 years, Wave Cyber (Shanghai) Co's highest Altman Z-Score was 32.41. The lowest was 7.85. And the median was 16.50.
Wave Cyber (Shanghai) Co (SHSE:688718) 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.
SHSE:688718 vs WM, RSG, WCN: Altman Z-Score Comparison
For the Waste Management subindustry, Wave Cyber (Shanghai) 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.
Wave Cyber (Shanghai) Co Altman Z-Score vs Waste Management Industry
For the Waste Management industry and Industrials sector, Wave Cyber (Shanghai) Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Wave Cyber (Shanghai) Co's Altman Z-Score falls into.
Wave Cyber (Shanghai) 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.
Wave Cyber (Shanghai) Co (SHSE:688718) has a Altman Z-Score of 15.74 as of Jul. 19, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Wave Cyber (Shanghai) Co and its competitors. This is near median its historical median of 16.50. Over the past decade, Wave Cyber (Shanghai) Co's Altman Z-Score has ranged from 7.85 to 32.41. According to the industry distribution chart, Wave Cyber (Shanghai) Co ranks #10 out of 236 companies in the Waste Management industry, placing it in the top 4.2%.
Is Wave Cyber (Shanghai) Co's Altman Z-Score too high?
Wave Cyber (Shanghai) Co's current Altman Z-Score of 15.74 is near median its 10-year median of 16.50. Over the past 10 years, this metric has ranged from a low of 7.85 to a high of 32.41. The Waste Management industry median Altman Z-Score is 2.00. Wave Cyber (Shanghai) Co's value of 15.74 is 687% above this industry median. Based on the distribution chart, Wave Cyber (Shanghai) Co ranks #10 out of 236 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Wave Cyber (Shanghai) Co has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wave Cyber (Shanghai) Co's Altman Z-Score compare to WM and RSG?
According to the Waste Management industry distribution chart, Wave Cyber (Shanghai) Co ranks #10 out of 236 companies for Altman Z-Score. This places Wave Cyber (Shanghai) Co in the top 4% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.00. Wave Cyber (Shanghai) Co's value of 15.74 is 687% above this benchmark. Historically, Wave Cyber (Shanghai) Co's own Altman Z-Score has ranged from 7.85 to 32.41 over the past decade. While the company's 10-year median is 16.50 vs. the industry median of 2.00, Wave Cyber (Shanghai) 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 Waste Management company?
The median Altman Z-Score among Waste Management companies is 2.00, based on 236 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. Wave Cyber (Shanghai) Co's current Altman Z-Score of 15.74 is 687% 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 Wave Cyber (Shanghai) Co and its competitors. For the Waste Management industry, the median Altman Z-Score is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wave Cyber (Shanghai) Co's current Altman Z-Score is 15.74, which is near median its own 10-year median of 16.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wave Cyber (Shanghai) Co stock overvalued right now?
Based on GuruFocus' analysis, Wave Cyber (Shanghai) Co (SHSE:688718) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥15.02, compared to a current price of ¥12.47 — trading 17% below its estimated fair value. The current Altman Z-Score is 15.74, which is near median its 10-year median of 16.50 and 687% above the Waste Management industry median of 2.00. Wave Cyber (Shanghai) Co's overall GF Score™ is 83/100 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 Wave Cyber (Shanghai) Co (SHSE:688718), the current Altman Z-Score is 15.74 as of Jul. 19, 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 Wave Cyber (Shanghai) Co (SHSE:688718) Overvalued in 2026?
Based on GuruFocus' analysis, Wave Cyber (Shanghai) Co stock appears to be undervalued.
The current stock price of ¥12.47 is trading 17% below its estimated GF Value™ of ¥15.02.
GuruFocus considers Wave Cyber (Shanghai) Co to be Modestly Undervalued.
Key valuation signals for SHSE:688718:
Altman Z-Score: 15.74 (near median its 10-year median of 16.50)
GF Value™: ¥15.02 vs. price of ¥12.47 (17% below fair value)
Industry Position: 687% above the Waste Management median (#10 of 236)
No single metric tells the full story. See the SHSE:688718 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wave Cyber (Shanghai) Co Ltd is a manufacturer of components for the residential, commercial, industrial and municipal water treatment industries. The products include full lines of fiberglass pressure tanks, brine tanks/cabinets, membrane pressure vessels and others.
83GF Score
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