Chia Her Industrial Co (TPE:1449) Altman Z-Score: 0.76 (As of Jul. 04, 2026) — 19% Above Median


TPE:1449 Chia Her Industrial Co Ltd TPE:1449
60 GF Score
Price NT$14.55
GF Value NT$12.32
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Chia Her Industrial Co Altman Z-Score?

Chia Her Industrial Co TPE:1449 +1.75% 60 Altman Z-Score is 0.76 as of Jul. 04, 2026, which is 19% above its 10-year median of 0.64. GuruFocus rates TPE:1449 with a GF Score™ of 60/100 and a GF Value™ of NT$12.32 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,030 Manufacturing - Apparel & Accessories companies, Chia Her Industrial Co ranks worse than 88.54% 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 0.75 is in distress zone. This implies bankruptcy possibility in the next two years.

Chia Her Industrial Co has a Altman Z-Score of 0.76, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Chia Her Industrial Co's Altman Z-Score or its related term are showing as below:

TPE:1449' s Altman Z-Score Range Over the Past 10 Years
Min: -0.09   Med: 0.64   Max: 0.96
Current: 0.75

During the past 13 years, Chia Her Industrial Co's highest Altman Z-Score was 0.96. The lowest was -0.09. And the median was 0.64.


Chia Her Industrial Co  (TPE:1449) 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.


Chia Her Industrial Co Altman Z-Score Related Terms


Chia Her Industrial Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Chia Her Industrial 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.

Chia Her Industrial Co Altman Z-Score Chart

Chia Her Industrial Co 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 0.77 0.76 0.83 0.96 0.70

Chia Her Industrial Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 0.96 0.79 0.69 0.71 0.70

Chia Her Industrial Co Altman Z-Score Competitor Comparison

For the Textile Manufacturing subindustry, Chia Her Industrial 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.


Chia Her Industrial Co Altman Z-Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Chia Her Industrial Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Chia Her Industrial Co's Altman Z-Score falls into.


TPE:1449
60GF Score
Chia Her Industrial Co Ltd TPE:1449
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chia Her Industrial 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.

Chia Her Industrial 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*0.0213+1.4*0.0298+3.3*0.0418+0.6*0.3632+1.0*0.3325
=0.76

* 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 Dec. 2025:
Total Assets was NT$8,016 Mil.
Total Current Assets was NT$3,082 Mil.
Total Current Liabilities was NT$2,911 Mil.
Retained Earnings was NT$239 Mil.
Pre-Tax Income was 223.966 + -19.899 + -4.631 + 35.866 = NT$235 Mil.
Interest Expense was -24.671 + -23.991 + -25.049 + -25.712 = NT$-99 Mil.
Revenue was 859.893 + 453.131 + 703.422 + 649.114 = NT$2,666 Mil.
Market Cap (Today) was NT$1,850 Mil.
Total Liabilities was NT$5,092 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
=(3082.27 - 2911.49)/8015.993
=0.0213

X2=Retained Earnings/Total Assets
=239.195/8015.993
=0.0298

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(235.302 - -99.423)/8015.993
=0.0418

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1849.517/5091.705
=0.3632

X5=Revenue/Total Assets
=2665.56/8015.993
=0.3325

The zones of discrimination were as such:

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

Chia Her Industrial Co has a Altman Z-Score of 0.76 indicating it is in Distress 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 0.76 mean?
Chia Her Industrial Co (TPE:1449) has a Altman Z-Score of 0.76 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Chia Her Industrial Co and its competitors. This is 19% above median its historical median of 0.64. According to the industry distribution chart, Chia Her Industrial Co ranks #912 out of 1030 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 88.5%.
Is Chia Her Industrial Co's Altman Z-Score too high?
Chia Her Industrial Co's current Altman Z-Score of 0.76 is 19% above median its 10-year median of 0.64. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.50. Chia Her Industrial Co's value of 0.76 is 69.5% below this industry median. Based on the distribution chart, Chia Her Industrial Co ranks #912 out of 1030 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Chia Her Industrial Co has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chia Her Industrial Co's Altman Z-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Chia Her Industrial Co ranks #912 out of 1030 companies for Altman Z-Score. This places Chia Her Industrial Co in the lower half of its industry. The industry median Altman Z-Score is 2.50. Chia Her Industrial Co's value of 0.76 is 69.5% below this benchmark. While the company's 10-year median is 0.64 vs. the industry median of 2.50, Chia Her Industrial 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 a Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.50, based on 1,030 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. Chia Her Industrial Co's current Altman Z-Score of 0.76 is 69.5% 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 Chia Her Industrial Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chia Her Industrial Co's current Altman Z-Score is 0.76, which is 19% above median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chia Her Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Chia Her Industrial Co (TPE:1449) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$12.32, compared to a current price of NT$14.55 — trading 18.1% above its estimated fair value. The current Altman Z-Score is 0.76, which is 19% above median its 10-year median of 0.64 and 69.5% below the Manufacturing - Apparel & Accessories industry median of 2.50. Chia Her Industrial Co's overall GF Score™ is 60/100 with 8 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 Chia Her Industrial Co (TPE:1449), the current Altman Z-Score is 0.76 as of Jul. 04, 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 Chia Her Industrial Co (TPE:1449) Overvalued in 2026?

Based on GuruFocus' analysis, Chia Her Industrial Co stock appears to be overvalued. The current stock price of NT$14.55 is trading 18.1% above its estimated GF Value™ of NT$12.32. GuruFocus considers Chia Her Industrial Co to be Modestly Overvalued.

Key valuation signals for TPE:1449:

  • Altman Z-Score: 0.76 (19% above median its 10-year median of 0.64)
  • GF Value™: NT$12.32 vs. price of NT$14.55 (18.1% above fair value)
  • GF Score™: 60/100 with 8 warning signs
  • Industry Position: 69.5% below the Manufacturing - Apparel & Accessories median (#912 of 1030)

No single metric tells the full story. See the TPE:1449 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Chia Her Industrial Co Business Description

Address No. 533, Fuxing Road, Sanshe Village, Xinshi District, Tainan, TWN
Chia Her Industrial Co Ltd includes processing and sales of various fiber textiles, printing and dyeing, and finishing, as well as leasing and sales of commercial buildings commissioned by construction manufacturers, leasing and sales of factory building development, and medical equipment manufacturing and sales. Its segments are First Dyeing Business, Long Fiber Business, Spinning Business, Construction Business, Investment Business, and Other Businesses. The company generates majority of revenue from Long Fiber Business. It has presence in Taiwan, Vietnam, Bangladesh, Other Asian area (Excluding Taiwan), and Other regions. The company generates majority of revenue from Taiwan. Its products are Yarn dyed fabric, Filament fabric, Woolen yarn, Cotton yarn, sales of premises, etc.
60GF Score

Get the complete analysis for TPE:1449

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

NT$14.55
Price
NT$12.32
GF Value