Hong Ho Precision Textile CoTPE:1446 -12.79%63 Altman Z-Score is 4.99 as of Jul. 09, 2026, which is 184% above its 10-year median of 1.76. GuruFocus rates TPE:1446 with a GF Score™ of 63/100 and a GF Value™ of NT$34.22 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,024 Manufacturing - Apparel & Accessories companies, Hong Ho Precision Textile Co ranks better than 83.69% 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 5.53 is strong.
Hong Ho Precision Textile Co has a Altman Z-Score of 4.99, 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 Hong Ho Precision Textile Co's Altman Z-Score or its related term are showing as below:
TPE:1446'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.34 Med: 1.76 Max: 8.53
Current: 5.53
During the past 13 years, Hong Ho Precision Textile Co's highest Altman Z-Score was 8.53. The lowest was 1.34. And the median was 1.76.
Hong Ho Precision Textile Co (TPE:1446) 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.
Hong Ho Precision Textile Co Altman Z-Score Competitor Comparison
For the Textile Manufacturing subindustry, Hong Ho Precision Textile 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.
Hong Ho Precision Textile Co Altman Z-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hong Ho Precision Textile Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Hong Ho Precision Textile Co's Altman Z-Score falls into.
Hong Ho Precision Textile 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.
Hong Ho Precision Textile Co (TPE:1446) has a Altman Z-Score of 4.99 as of Jul. 09, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hong Ho Precision Textile Co and its competitors. This is 184% above median its historical median of 1.76. Over the past decade, Hong Ho Precision Textile Co's Altman Z-Score has ranged from 1.34 to 8.53. According to the industry distribution chart, Hong Ho Precision Textile Co ranks #167 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 16.3%.
Is Hong Ho Precision Textile Co's Altman Z-Score too high?
Hong Ho Precision Textile Co's current Altman Z-Score of 4.99 is 184% above median its 10-year median of 1.76. Over the past 10 years, this metric has ranged from a low of 1.34 to a high of 8.53. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.54. Hong Ho Precision Textile Co's value of 4.99 is 96.5% above this industry median. Based on the distribution chart, Hong Ho Precision Textile Co ranks #167 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Hong Ho Precision Textile Co has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hong Ho Precision Textile Co's Altman Z-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Hong Ho Precision Textile Co ranks #167 out of 1024 companies for Altman Z-Score. This places Hong Ho Precision Textile Co in the top 16% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.54. Hong Ho Precision Textile Co's value of 4.99 is 96.5% above this benchmark. Historically, Hong Ho Precision Textile Co's own Altman Z-Score has ranged from 1.34 to 8.53 over the past decade. While the company's 10-year median is 1.76 vs. the industry median of 2.54, Hong Ho Precision Textile 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 Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.54, based on 1,024 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. Hong Ho Precision Textile Co's current Altman Z-Score of 4.99 is 96.5% 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 Hong Ho Precision Textile Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Ho Precision Textile Co's current Altman Z-Score is 4.99, which is 184% above median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Ho Precision Textile Co stock overvalued right now?
Based on GuruFocus' analysis, Hong Ho Precision Textile Co (TPE:1446) is currently considered Possible Value Trap. The stock's GF Value™ is NT$34.22, compared to a current price of NT$15.00 — trading 56.2% below its estimated fair value. The current Altman Z-Score is 4.99, which is 184% above median its 10-year median of 1.76 and 96.5% above the Manufacturing - Apparel & Accessories industry median of 2.54. Hong Ho Precision Textile Co's overall GF Score™ is 63/100 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 Hong Ho Precision Textile Co (TPE:1446), the current Altman Z-Score is 4.99 as of Jul. 09, 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 Hong Ho Precision Textile Co (TPE:1446) Overvalued in 2026?
Based on GuruFocus' analysis, Hong Ho Precision Textile Co stock appears to be undervalued.
The current stock price of NT$15.00 is trading 56.2% below its estimated GF Value™ of NT$34.22.
GuruFocus considers Hong Ho Precision Textile Co to be Possible Value Trap.
Key valuation signals for TPE:1446:
Altman Z-Score: 4.99 (184% above median its 10-year median of 1.76)
GF Value™: NT$34.22 vs. price of NT$15.00 (56.2% below fair value)
Industry Position: 96.5% above the Manufacturing - Apparel & Accessories median (#167 of 1024)
No single metric tells the full story. See the TPE:1446 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hong Ho Precision Textile Co Ltd is a Taiwan-based company that is engaged in the manufacturing and selling of various textiles, commissioning construction companies to build public housing and the rental and sale of commercial buildings. It has segments such as: the Textile department, which is engaged in textile preparation, weaving, outsourcing the dyeing process production, and outsourcing of finished products; the Trade department, which is engaged in manufacturing and sales of wearing apparel, etc; the Construction department, is commissioned construction enterprises to build commercial buildings; and the Other department is engaged in leasing business, etc. The company operates geographically in Taiwan, which generates maximum revenue, Japan, and Other countries.
63GF Score
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