ACM Research (STU:813) Altman Z-Score: 5.56 (As of Jul. 05, 2026) — 70% Above Median


STU:813 ACM Research Inc STU:813
81 GF Score
Price €86.90
GF Value €30.51
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is ACM Research Altman Z-Score?

ACM Research STU:813 +3.21% 81 Altman Z-Score is 5.56 as of Jul. 05, 2026, which is 70% above its 10-year median of 3.28. GuruFocus rates STU:813 with a GF Score™ of 81/100 and a GF Value™ of €30.51 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,015 Semiconductors companies, ACM Research ranks better than 50.25% 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 5.5 is strong.

ACM Research has a Altman Z-Score of 5.56, 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 ACM Research's Altman Z-Score or its related term are showing as below:

STU:813' s Altman Z-Score Range Over the Past 10 Years
Min: 0.94   Med: 3.28   Max: 8.62
Current: 5.5

During the past 11 years, ACM Research's highest Altman Z-Score was 8.62. The lowest was 0.94. And the median was 3.28.


ACM Research  (STU:813) 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.


ACM Research Altman Z-Score Related Terms


ACM Research Altman Z-Score Historical Data

* Premium members only.

The historical data trend for ACM Research'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.

ACM Research Altman Z-Score Chart

ACM Research Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.48 1.81 2.60 2.22 3.00

ACM Research Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 2.63 2.64 3.15 3.00 2.96

STU:813 vs CAMT, KLIC, UCTT: Altman Z-Score Comparison

For the Semiconductor Equipment & Materials subindustry, ACM Research'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.


ACM Research Altman Z-Score vs Semiconductors Industry

For the Semiconductors industry and Technology sector, ACM Research's Altman Z-Score distribution charts can be found below:

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


STU:813
81GF Score
ACM Research Inc STU:813
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ACM Research 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.

ACM Research'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*0.6111+1.4*0.1199+3.3*0.0471+0.6*6.982+1.0*0.311
=5.56

* 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 €2,652.0 Mil.
Total Current Assets was €2,265.7 Mil.
Total Current Liabilities was €645.0 Mil.
Retained Earnings was €318.1 Mil.
Pre-Tax Income was 25.955 + 17.744 + 41.822 + 33.086 = €118.6 Mil.
Interest Expense was -1.672 + -1.528 + -1.577 + -1.523 = €-6.3 Mil.
Revenue was 200.042 + 208.743 + 229.324 + 186.728 = €824.8 Mil.
Market Cap (Today) was €5,933.3 Mil.
Total Liabilities was €849.8 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
=(2265.74 - 645.011)/2652.002
=0.6111

X2=Retained Earnings/Total Assets
=318.091/2652.002
=0.1199

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(118.607 - -6.3)/2652.002
=0.0471

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=5933.291/849.798
=6.982

X5=Revenue/Total Assets
=824.837/2652.002
=0.311

The zones of discrimination were as such:

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

ACM Research has a Altman Z-Score of 5.56 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 5.56 mean?
ACM Research (STU:813) has a Altman Z-Score of 5.56 as of Jul. 05, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on ACM Research and its competitors. This is 70% above median its historical median of 3.28. Over the past decade, ACM Research's Altman Z-Score has ranged from 0.94 to 8.62. According to the industry distribution chart, ACM Research ranks #505 out of 1015 companies in the Semiconductors industry, placing it in the top 49.8%.
Is ACM Research's Altman Z-Score too high?
ACM Research's current Altman Z-Score of 5.56 is 70% above median its 10-year median of 3.28. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 8.62. The Semiconductors industry median Altman Z-Score is 5.46. ACM Research's value of 5.56 is 1.8% above this industry median. Based on the distribution chart, ACM Research ranks #505 out of 1015 companies in the Semiconductors industry, which is above the industry midpoint. Overall, ACM Research has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ACM Research's Altman Z-Score compare to CAMT and KLIC?
According to the Semiconductors industry distribution chart, ACM Research ranks #505 out of 1015 companies for Altman Z-Score. This puts ACM Research in the upper half of its industry. The industry median Altman Z-Score is 5.46. ACM Research's value of 5.56 is 1.8% above this benchmark. Historically, ACM Research's own Altman Z-Score has ranged from 0.94 to 8.62 over the past decade. While the company's 10-year median is 3.28 vs. the industry median of 5.46, ACM Research 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 5.46, based on 1,015 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. ACM Research's current Altman Z-Score of 5.56 is 1.8% 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 ACM Research and its competitors. For the Semiconductors industry, the median Altman Z-Score is 5.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ACM Research's current Altman Z-Score is 5.56, which is 70% above median its own 10-year median of 3.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ACM Research stock overvalued right now?
Based on GuruFocus' analysis, ACM Research (STU:813) is currently considered Significantly Overvalued. The stock's GF Value™ is €30.51, compared to a current price of €86.90 — trading 184.8% above its estimated fair value. The current Altman Z-Score is 5.56, which is 70% above median its 10-year median of 3.28 and 1.8% above the Semiconductors industry median of 5.46. ACM Research's overall GF Score™ is 81/100 with 6 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 ACM Research (STU:813), the current Altman Z-Score is 5.56 as of Jul. 05, 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 ACM Research (STU:813) Overvalued in 2026?

Based on GuruFocus' analysis, ACM Research stock appears to be overvalued. The current stock price of €86.90 is trading 184.8% above its estimated GF Value™ of €30.51. GuruFocus considers ACM Research to be Significantly Overvalued.

Key valuation signals for STU:813:

  • Altman Z-Score: 5.56 (70% above median its 10-year median of 3.28)
  • GF Value™: €30.51 vs. price of €86.90 (184.8% above fair value)
  • GF Score™: 81/100 with 6 warning signs
  • Industry Position: 1.8% above the Semiconductors median (#505 of 1015)

No single metric tells the full story. See the STU:813 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ACM Research Business Description

Other Exchanges ACMR:USA1ACMR:Italy
Address 42307 Osgood Road, Suite I, Fremont, CA, USA, 94539
ACM Research Inc supplies capital equipment developed for the semiconductor industry. The company focuses on developing differentiated process solutions that enable effective particle removal, uniform material deposition, and reliable process control for the fabricators of integrated circuits. Its product offerings include wet-cleaning, plating, furnace, PECVD, track, and other front-end processing equipment. Additionally, it develops, manufactures, and sells a range of packaging equipment to wafer assembly and packaging customers. Geographically, the company generates maximum revenue from its customers in Mainland China, and the rest from other regions.
81GF Score

Get the complete analysis for STU:813

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€86.90
Price
€30.51
GF Value