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Hyundai Elevator CoXKRX:017800 -0.41%73 Altman Z-Score is 2.15 as of Sep. 16, 2026, which is 16% above its 10-year median of 1.86. GuruFocus rates XKRX:017800 with a GF Score™ of 73/100 and a GF Value™ of ₩51,569.92 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 3,022 Industrial Products companies, Hyundai Elevator Co ranks worse than 68.43% 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.
Warning Sign:
Altman Z-score of 2.28 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Hyundai Elevator Co has a Altman Z-Score of 2.15, indicating it is in Grey Zones. This implies that Hyundai Elevator Co is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Hyundai Elevator Co's Altman Z-Score or its related term are showing as below:
XKRX:017800'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.33 Med: 1.86 Max: 2.47
Current: 2.28
During the past 13 years, Hyundai Elevator Co's highest Altman Z-Score was 2.47. The lowest was 1.33. And the median was 1.86.
Hyundai Elevator Co (XKRX:017800) 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.
Hyundai Elevator Co Altman Z-Score Related Terms
Hyundai Elevator Co Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Hyundai Elevator Co'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.
XKRX:017800 vs GEV, ETN, PH: Altman Z-Score Comparison
For the Specialty Industrial Machinery subindustry, Hyundai Elevator 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.
Hyundai Elevator Co Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hyundai Elevator Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Hyundai Elevator Co'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.
Hyundai Elevator Co'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
*
0.0303
+
1.4
*
0.2006
+
3.3
*
0.1234
+
0.6
*
1.1681
+
1.0
*
0.7219
=
2.15
* 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 Jun. 2026: Total Assets was ₩3,427,300 Mil. Total Current Assets was ₩1,395,014 Mil. Total Current Liabilities was ₩1,291,018 Mil. Retained Earnings was ₩687,685 Mil. Pre-Tax Income was 96585.890727 + 34990.955451 + 47392.075657 + 190697.675034 = ₩369,667 Mil. Interest Expense was -13773.375 + -13934.523759 + -13084.263843 + -12436.131593 = ₩-53,228 Mil. Revenue was 692843.740386 + 545847.163885 + 634659.530902 + 600828.883575 = ₩2,474,179 Mil. Market Cap (Today) was ₩2,628,449 Mil. Total Liabilities was ₩2,250,276 Mil.
* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.
Hyundai Elevator Co (XKRX:017800) has a Altman Z-Score of 2.15 as of Sep. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hyundai Elevator Co and its competitors. This is 16% above median its historical median of 1.86. Over the past decade, Hyundai Elevator Co's Altman Z-Score has ranged from 1.33 to 2.47. According to the industry distribution chart, Hyundai Elevator Co ranks #2068 out of 3022 companies in the Industrial Products industry, placing it in the top 68.4%.
Is Hyundai Elevator Co's Altman Z-Score too high?
Hyundai Elevator Co's current Altman Z-Score of 2.15 is 16% above median its 10-year median of 1.86. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 2.47. The Industrial Products industry median Altman Z-Score is 3.26. Hyundai Elevator Co's value of 2.15 is 34% below this industry median. Based on the distribution chart, Hyundai Elevator Co ranks #2068 out of 3022 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Hyundai Elevator Co has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hyundai Elevator Co's Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Hyundai Elevator Co ranks #2068 out of 3022 companies for Altman Z-Score. This places Hyundai Elevator Co in the lower half of its industry. The industry median Altman Z-Score is 3.26. Hyundai Elevator Co's value of 2.15 is 34% below this benchmark. Historically, Hyundai Elevator Co's own Altman Z-Score has ranged from 1.33 to 2.47 over the past decade. While the company's 10-year median is 1.86 vs. the industry median of 3.26, Hyundai Elevator Co has consistently been below 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.26, based on 3,022 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. Hyundai Elevator Co's current Altman Z-Score of 2.15 is 34% below 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 Hyundai Elevator Co and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hyundai Elevator Co's current Altman Z-Score is 2.15, which is 16% above median its own 10-year median of 1.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hyundai Elevator Co stock overvalued right now?
Based on GuruFocus' analysis, Hyundai Elevator Co (XKRX:017800) is currently considered Significantly Overvalued. The stock's GF Value™ is ₩51,569.92, compared to a current price of ₩72,800.00 — trading 41.2% above its estimated fair value. The current Altman Z-Score is 2.15, which is 16% above median its 10-year median of 1.86 and 34% below the Industrial Products industry median of 3.26. Hyundai Elevator Co's overall GF Score™ is 73/100 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 Hyundai Elevator Co (XKRX:017800), the current Altman Z-Score is 2.15 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 Hyundai Elevator Co (XKRX:017800) Overvalued in 2026?
Based on GuruFocus' analysis, Hyundai Elevator Co stock appears to be overvalued.
The current stock price of ₩72,800.00 is trading 41.2% above its estimated GF Value™ of ₩51,569.92.
GuruFocus considers Hyundai Elevator Co to be Significantly Overvalued.
Key valuation signals for XKRX:017800:
Altman Z-Score: 2.15 (16% above median its 10-year median of 1.86)
GF Value™: ₩51,569.92 vs. price of ₩72,800.00 (41.2% above fair value)
Industry Position: 34% below the Industrial Products median (#2068 of 3022)
No single metric tells the full story. See the XKRX:017800 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hyundai Elevator Co Ltd, which is an affiliate of Hyundai Group, is a South Korea-based company that provides moving solutions. The company designs, installs and maintains elevators, escalators, moving walkways, automated material handling systems, parking systems for cars and bikes, platform screen doors, auto-sliding canopy, gap-zero and others. The company's products are used in shopping centers, hotels, department stores, airports, subways, large-scale sporting facilities, train stations, bus terminals, distribution centers, cold storage facilities, air cargo systems, and others.
73GF Score
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