Taiwan Pelican Express CoTPE:2642 +2.16%68 Altman Z2-Score is 1.75 as of Jul. 06, 2026, which is 43% below its 10-year median of 3.09. GuruFocus rates TPE:2642 with a GF Score™ of 68/100 and a GF Value™ of NT$32.92 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,000 Transportation companies, Taiwan Pelican Express Co ranks worse than 66.6% on this metric.
Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
Taiwan Pelican Express Co has a Altman Z2-Score of 1.75, indicating it is in Grey Zones. This implies that Taiwan Pelican Express Co is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The historical rank and industry rank for Taiwan Pelican Express Co's Altman Z2-Score or its related term are showing as below:
TPE:2642'
s Altman Z2-Score Range Over the Past 10 Years
Min: 1.75 Med: 3.09 Max: 6.38
Current: 1.75
During the past 13 years, Taiwan Pelican Express Co's highest Altman Z2-Score was 6.38. The lowest was 1.75. And the median was 3.09.
Taiwan Pelican Express Co (TPE:2642) Altman Z2-Score Explanation
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
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.
* 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.
TPE:2642 vs UPS, FDX, JBHT: Altman Z2-Score Comparison
For the Integrated Freight & Logistics subindustry, Taiwan Pelican Express Co's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.
Taiwan Pelican Express Co Altman Z2-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Taiwan Pelican Express Co's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Taiwan Pelican Express Co's Altman Z2-Score falls into.
Taiwan Pelican Express Co Altman Z2-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.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
* 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 Z2-Score when X4_2 value is 0.
Taiwan Pelican Express Co (TPE:2642) has a Altman Z2-Score of 1.75 as of Jul. 06, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Taiwan Pelican Express Co and its competitors. This is 43% below median its historical median of 3.09. Over the past decade, Taiwan Pelican Express Co's Altman Z2-Score has ranged from 1.75 to 6.38. According to the industry distribution chart, Taiwan Pelican Express Co ranks #666 out of 1000 companies in the Transportation industry, placing it in the top 66.6%.
Is Taiwan Pelican Express Co's Altman Z2-Score too high?
Taiwan Pelican Express Co's current Altman Z2-Score of 1.75 is 43% below median its 10-year median of 3.09. Over the past 10 years, this metric has ranged from a low of 1.75 to a high of 6.38. The Transportation industry median Altman Z2-Score is 2.93. Taiwan Pelican Express Co's value of 1.75 is 40.2% below this industry median. Based on the distribution chart, Taiwan Pelican Express Co ranks #666 out of 1000 companies in the Transportation industry, which is below the industry midpoint. Overall, Taiwan Pelican Express Co has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Taiwan Pelican Express Co's Altman Z2-Score compare to UPS and FDX?
According to the Transportation industry distribution chart, Taiwan Pelican Express Co ranks #666 out of 1000 companies for Altman Z2-Score. This places Taiwan Pelican Express Co in the lower half of its industry. The industry median Altman Z2-Score is 2.93. Taiwan Pelican Express Co's value of 1.75 is 40.2% below this benchmark. Historically, Taiwan Pelican Express Co's own Altman Z2-Score has ranged from 1.75 to 6.38 over the past decade. While the company's 10-year median is 3.09 vs. the industry median of 2.93, Taiwan Pelican Express 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 Z2-Score for a Transportation company?
The median Altman Z2-Score among Transportation companies is 2.93, based on 1,000 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Taiwan Pelican Express Co's current Altman Z2-Score of 1.75 is 40.2% 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 Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Taiwan Pelican Express Co and its competitors. For the Transportation industry, the median Altman Z2-Score is 2.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Pelican Express Co's current Altman Z2-Score is 1.75, which is 43% below median its own 10-year median of 3.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Pelican Express Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Pelican Express Co (TPE:2642) is currently considered Possible Value Trap. The stock's GF Value™ is NT$32.92, compared to a current price of NT$21.25 — trading 35.4% below its estimated fair value. The current Altman Z2-Score is 1.75, which is 43% below median its 10-year median of 3.09 and 40.2% below the Transportation industry median of 2.93. Taiwan Pelican Express Co's overall GF Score™ is 68/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Taiwan Pelican Express Co (TPE:2642), the current Altman Z2-Score is 1.75 as of Jul. 06, 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 Taiwan Pelican Express Co (TPE:2642) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Pelican Express Co stock appears to be undervalued.
The current stock price of NT$21.25 is trading 35.4% below its estimated GF Value™ of NT$32.92.
GuruFocus considers Taiwan Pelican Express Co to be Possible Value Trap.
Key valuation signals for TPE:2642:
Altman Z2-Score: 1.75 (43% below median its 10-year median of 3.09)
GF Value™: NT$32.92 vs. price of NT$21.25 (35.4% below fair value)
Industry Position: 40.2% below the Transportation median (#666 of 1000)
No single metric tells the full story. See the TPE:2642 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Pelican Express Co Ltd is a Taiwan-based company. The Company and its subsidiaries engaged in the logistics business, a company that provides route-permitted truck transportation, home delivery, and other professional logistic delivery services. It has two reportable segments: the home delivery service segment and logistic business segment. The home delivery service segment is mainly engaged in route-permitted truck transportation and home delivery service, and the logistics business segment is mainly engaged in the warehouse storage, tally, and transportation delivery business. The group generates the majority of its revenue from the home delivery service segment. Geographically, the group operates in Taiwan and Vietnam. It generates key revenue from Taiwan.
68GF Score
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