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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 11.86 is strong.
Shanghai Kaibao Pharmaceutical Co has a Altman Z-Score of 13.47, 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 Shanghai Kaibao Pharmaceutical Co's Altman Z-Score or its related term are showing as below:
SZSE:300039'
s Altman Z-Score Range Over the Past 10 Years
Min: 8.09 Med: 12.16 Max: 17.88
Current: 11.86
During the past 13 years, Shanghai Kaibao Pharmaceutical Co's highest Altman Z-Score was 17.88. The lowest was 8.09. And the median was 12.16.
Shanghai Kaibao Pharmaceutical Co (SZSE:300039) 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.
Shanghai Kaibao Pharmaceutical Co Altman Z-Score Chart
For the Drug Manufacturers - Specialty & Generic subindustry, Shanghai Kaibao Pharmaceutical 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.
Shanghai Kaibao Pharmaceutical Co Altman Z-Score vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Shanghai Kaibao Pharmaceutical Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Shanghai Kaibao Pharmaceutical Co's Altman Z-Score falls into.
Shanghai Kaibao Pharmaceutical 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.
Shanghai Kaibao Pharmaceutical Co (SZSE:300039) has a Altman Z-Score of 13.47 as of Sep. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Shanghai Kaibao Pharmaceutical Co and its competitors. This is 11% above median its historical median of 12.16. Over the past decade, Shanghai Kaibao Pharmaceutical Co's Altman Z-Score has ranged from 8.09 to 17.88. According to the industry distribution chart, Shanghai Kaibao Pharmaceutical Co ranks #110 out of 954 companies in the Drug Manufacturers industry, placing it in the top 11.5%.
Is Shanghai Kaibao Pharmaceutical Co's Altman Z-Score too high?
Shanghai Kaibao Pharmaceutical Co's current Altman Z-Score of 13.47 is 11% above median its 10-year median of 12.16. Over the past 10 years, this metric has ranged from a low of 8.09 to a high of 17.88. The Drug Manufacturers industry median Altman Z-Score is 3.36. Shanghai Kaibao Pharmaceutical Co's value of 13.47 is 300.9% above this industry median. Based on the distribution chart, Shanghai Kaibao Pharmaceutical Co ranks #110 out of 954 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Shanghai Kaibao Pharmaceutical Co has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Kaibao Pharmaceutical Co's Altman Z-Score compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Shanghai Kaibao Pharmaceutical Co ranks #110 out of 954 companies for Altman Z-Score. This places Shanghai Kaibao Pharmaceutical Co in the top 12% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.36. Shanghai Kaibao Pharmaceutical Co's value of 13.47 is 300.9% above this benchmark. Historically, Shanghai Kaibao Pharmaceutical Co's own Altman Z-Score has ranged from 8.09 to 17.88 over the past decade. While the company's 10-year median is 12.16 vs. the industry median of 3.36, Shanghai Kaibao Pharmaceutical 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 Drug Manufacturers company?
The median Altman Z-Score among Drug Manufacturers companies is 3.36, based on 954 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. Shanghai Kaibao Pharmaceutical Co's current Altman Z-Score of 13.47 is 300.9% 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 Shanghai Kaibao Pharmaceutical Co and its competitors. For the Drug Manufacturers industry, the median Altman Z-Score is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Kaibao Pharmaceutical Co's current Altman Z-Score is 13.47, which is 11% above median its own 10-year median of 12.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Kaibao Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Kaibao Pharmaceutical Co (SZSE:300039) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥4.47, compared to a current price of ¥5.01 — trading 12.1% above its estimated fair value. The current Altman Z-Score is 13.47, which is 11% above median its 10-year median of 12.16 and 300.9% above the Drug Manufacturers industry median of 3.36. Shanghai Kaibao Pharmaceutical Co's overall GF Score™ is 84/100 with 4 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 Shanghai Kaibao Pharmaceutical Co (SZSE:300039), the current Altman Z-Score is 13.47 as of Sep. 16, 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 Shanghai Kaibao Pharmaceutical Co (SZSE:300039) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Kaibao Pharmaceutical Co stock appears to be overvalued.
The current stock price of ¥5.01 is trading 12.1% above its estimated GF Value™ of ¥4.47.
GuruFocus considers Shanghai Kaibao Pharmaceutical Co to be Modestly Overvalued.
Key valuation signals for SZSE:300039:
Altman Z-Score: 13.47 (11% above median its 10-year median of 12.16)
GF Value™: ¥4.47 vs. price of ¥5.01 (12.1% above fair value)
Industry Position: 300.9% above the Drug Manufacturers median (#110 of 954)
No single metric tells the full story. See the SZSE:300039 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Kaibao Pharmaceutical Co Ltd is a China-based pharmaceutical company. It is engaged in research, development, production, and sales of modern Chinese medicine. The company produces traditional Chinese medicines in the form of solid dosage, oral liquids, and small volume injections. Its main product is Tanreqing injection is mainly used for pneumonia, acute and chronic bronchitis and upper respiratory tract infection.
84GF Score
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Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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