Mayer Steel PipeTPE:2020 -1.15%75 Altman Z-Score is 1.96 as of Jun. 29, 2026, which is 5% below its 10-year median of 2.06. GuruFocus rates TPE:2020 with a GF Score™ of 75/100 and a GF Value™ of NT$20.99 (Fairly Valued). The stock has 5 warning signs investors should review. Among 610 Steel companies, Mayer Steel Pipe ranks worse than 62.46% 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 1.96 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.
Mayer Steel Pipe has a Altman Z-Score of 1.96, indicating it is in Grey Zones. This implies that Mayer Steel Pipe 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 Mayer Steel Pipe's Altman Z-Score or its related term are showing as below:
TPE:2020'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.93 Med: 2.06 Max: 3.33
Current: 1.96
During the past 13 years, Mayer Steel Pipe's highest Altman Z-Score was 3.33. The lowest was 1.93. And the median was 2.06.
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.
Mayer Steel Pipe Altman Z-Score Related Terms
Mayer Steel Pipe Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Mayer Steel Pipe'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.
TPE:2020 vs NUE, STLD, RS: Altman Z-Score Comparison
For the Steel subindustry, Mayer Steel Pipe'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.
Mayer Steel Pipe Altman Z-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Mayer Steel Pipe's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Mayer Steel Pipe'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.
Mayer Steel Pipe'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
*
0.2428
+
1.4
*
0.0975
+
3.3
*
0.0789
+
0.6
*
1.2431
+
1.0
*
0.5215
=
1.96
* 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.
Mayer Steel Pipe (TPE:2020) has a Altman Z-Score of 1.96 as of Jun. 29, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Mayer Steel Pipe and its competitors. This is near median its historical median of 2.06. Over the past decade, Mayer Steel Pipe's Altman Z-Score has ranged from 1.93 to 3.33. According to the industry distribution chart, Mayer Steel Pipe ranks #381 out of 610 companies in the Steel industry, placing it in the top 62.5%.
Is Mayer Steel Pipe's Altman Z-Score too high?
Mayer Steel Pipe's current Altman Z-Score of 1.96 is near median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 3.33. The Steel industry median Altman Z-Score is 2.45. Mayer Steel Pipe's value of 1.96 is 19.8% below this industry median. Based on the distribution chart, Mayer Steel Pipe ranks #381 out of 610 companies in the Steel industry, which is below the industry midpoint. Overall, Mayer Steel Pipe has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mayer Steel Pipe's Altman Z-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Mayer Steel Pipe ranks #381 out of 610 companies for Altman Z-Score. This places Mayer Steel Pipe in the lower half of its industry. The industry median Altman Z-Score is 2.45. Mayer Steel Pipe's value of 1.96 is 19.8% below this benchmark. Historically, Mayer Steel Pipe's own Altman Z-Score has ranged from 1.93 to 3.33 over the past decade. While the company's 10-year median is 2.06 vs. the industry median of 2.45, Mayer Steel Pipe 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 Steel company?
The median Altman Z-Score among Steel companies is 2.45, based on 610 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. Mayer Steel Pipe's current Altman Z-Score of 1.96 is 19.8% 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 Mayer Steel Pipe and its competitors. For the Steel industry, the median Altman Z-Score is 2.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mayer Steel Pipe's current Altman Z-Score is 1.96, which is near median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mayer Steel Pipe stock overvalued right now?
Based on GuruFocus' analysis, Mayer Steel Pipe (TPE:2020) is currently considered Fairly Valued. The stock's GF Value™ is NT$20.99, compared to a current price of NT$21.45 — trading 2.2% above its estimated fair value. The current Altman Z-Score is 1.96, which is near median its 10-year median of 2.06 and 19.8% below the Steel industry median of 2.45. Mayer Steel Pipe's overall GF Score™ is 75/100 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 Mayer Steel Pipe (TPE:2020), the current Altman Z-Score is 1.96 as of Jun. 29, 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 Mayer Steel Pipe (TPE:2020) Overvalued in 2026?
Based on GuruFocus' analysis, Mayer Steel Pipe stock appears to be overvalued.
The current stock price of NT$21.45 is trading 2.2% above its estimated GF Value™ of NT$20.99.
GuruFocus considers Mayer Steel Pipe to be Fairly Valued.
Key valuation signals for TPE:2020:
Altman Z-Score: 1.96 (near median its 10-year median of 2.06)
GF Value™: NT$20.99 vs. price of NT$21.45 (2.2% above fair value)
Industry Position: 19.8% below the Steel median (#381 of 610)
No single metric tells the full story. See the TPE:2020 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mayer Steel Pipe Corp operates as a steel pipe manufacturer in Taiwan. The primary business of the company and its entities is engaged in the production and sales of black steel pipes, galvanized steel pipes and stainless-steel coils for pipes. The company's reportable segments are the Steel Segment, Real Estate Investment Segment, Investment Segment, and Hotel Services Segment. The majority of revenue is derived from the Steel department, which focuses on the production and sales of black steel pipes, zinc-coated steel pipes, and stainless-steel coils for Pipes. Geographically it generates maximum revenue from Taiwan and the rest from Vietnam, Thailand, and other regions.
75GF Score
Get the complete analysis for TPE:2020
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:2020 has been successfully added to your 
