Arashi Vision (SHSE:688775) Altman Z-Score: 8.94 (As of Jul. 17, 2026) — 45% Below Median

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SHSE:688775 Arashi Vision Inc SHSE:688775
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What is Arashi Vision Altman Z-Score?

Arashi Vision SHSE:688775 -6.08% 47 Altman Z-Score is 8.94 as of Jul. 17, 2026, which is 45% below its 10-year median of 16.14. GuruFocus rates SHSE:688775 with a GF Score™ of 47/100. The stock has 5 warning signs investors should review. Among 2,462 Hardware companies, Arashi Vision ranks better than 81.68% 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 8.95 is strong.

Arashi Vision has a Altman Z-Score of 8.94, 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 Arashi Vision's Altman Z-Score or its related term are showing as below:

SHSE:688775' s Altman Z-Score Range Over the Past 10 Years
Min: 8.95   Med: 16.14   Max: 22.41
Current: 8.95

During the past 9 years, Arashi Vision's highest Altman Z-Score was 22.41. The lowest was 8.95. And the median was 16.14.


Arashi Vision  (SHSE:688775) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Arashi Vision Altman Z-Score Related Terms


Arashi Vision Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Arashi Vision'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.

Arashi Vision Altman Z-Score Chart

Arashi Vision Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only 0.00 0.00 0.00 0.00 12.79

Arashi Vision Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Dec22 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 19.49 22.41 12.79 11.35

SHSE:688775 vs CSCO, CIEN, MSI: Altman Z-Score Comparison

For the Communication Equipment subindustry, Arashi Vision'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.


Arashi Vision Altman Z-Score vs Hardware Industry

For the Hardware industry and Technology sector, Arashi Vision's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Arashi Vision's Altman Z-Score falls into.


SHSE:688775
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Arashi Vision Inc SHSE:688775
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Arashi Vision 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.

Arashi Vision'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*0.503+1.4*0.3172+3.3*0.0658+0.6*11.1295+1.0*0.9971
=8.94

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was ¥10,899 Mil.
Total Current Assets was ¥9,541 Mil.
Total Current Liabilities was ¥4,059 Mil.
Retained Earnings was ¥3,457 Mil.
Pre-Tax Income was 35.984 + 31.42 + 267.652 + 366.225 = ¥701 Mil.
Interest Expense was -9.693 + -5.458 + -0.398 + -0.393 = ¥-16 Mil.
Revenue was 2481.229 + 3130.447 + 2940.277 + 2315.626 = ¥10,868 Mil.
Market Cap (Today) was ¥55,474 Mil.
Total Liabilities was ¥4,984 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(9540.957 - 4058.914)/10899.429
=0.503

X2=Retained Earnings/Total Assets
=3457.159/10899.429
=0.3172

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(701.281 - -15.942)/10899.429
=0.0658

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=55474.340/4984.433
=11.1295

X5=Revenue/Total Assets
=10867.579/10899.429
=0.9971

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Arashi Vision has a Altman Z-Score of 8.94 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 8.94 mean?
Arashi Vision (SHSE:688775) has a Altman Z-Score of 8.94 as of Jul. 17, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Arashi Vision and its competitors. This is 45% below median its historical median of 16.14. Over the past decade, Arashi Vision's Altman Z-Score has ranged from 8.95 to 22.41. According to the industry distribution chart, Arashi Vision ranks #451 out of 2462 companies in the Hardware industry, placing it in the top 18.3%.
Is Arashi Vision's Altman Z-Score too high?
Arashi Vision's current Altman Z-Score of 8.94 is 45% below median its 10-year median of 16.14. Over the past 10 years, this metric has ranged from a low of 8.95 to a high of 22.41. The Hardware industry median Altman Z-Score is 3.57. Arashi Vision's value of 8.94 is 150.8% above this industry median. Based on the distribution chart, Arashi Vision ranks #451 out of 2462 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Arashi Vision has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Arashi Vision's Altman Z-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Arashi Vision ranks #451 out of 2462 companies for Altman Z-Score. This places Arashi Vision in the top 18% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.57. Arashi Vision's value of 8.94 is 150.8% above this benchmark. Historically, Arashi Vision's own Altman Z-Score has ranged from 8.95 to 22.41 over the past decade. While the company's 10-year median is 16.14 vs. the industry median of 3.57, Arashi Vision 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 3.57, based on 2,462 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. Arashi Vision's current Altman Z-Score of 8.94 is 150.8% 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 Arashi Vision and its competitors. For the Hardware industry, the median Altman Z-Score is 3.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arashi Vision's current Altman Z-Score is 8.94, which is 45% below median its own 10-year median of 16.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arashi Vision stock overvalued right now?
Arashi Vision (SHSE:688775) has a current Altman Z-Score of 8.94. The current Altman Z-Score is 8.94, which is 45% below median its 10-year median of 16.14 and 150.8% above the Hardware industry median of 3.57. Arashi Vision's overall GF Score™ is 47/100 with 5 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 Arashi Vision (SHSE:688775), the current Altman Z-Score is 8.94 as of Jul. 17, 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.

Arashi Vision Business Description

Address No. 1100, Xingye Road, Xin'an Street, Room 1101, 1102, 1103, Building 2, Jinlitong Financial Center, Haiwang Community, Bao'an District, Guangdong, Shenzhen, CHN, 518101
Arashi Vision Inc is engaged in research and development, production and sales of panoramic cameras, sports cameras and other intelligent imaging equipment. Its products include Insta 360 X5, Insta 360 Ace Pro 2, Insta 360 X4, etc.
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