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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 2.36 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.
Wei Chih Steel Industrial Co has a Altman Z-Score of 2.35, indicating it is in Grey Zones. This implies that Wei Chih Steel Industrial 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 Wei Chih Steel Industrial Co's Altman Z-Score or its related term are showing as below:
TPE:2028'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.67 Med: 2.37 Max: 5.03
Current: 2.36
During the past 13 years, Wei Chih Steel Industrial Co's highest Altman Z-Score was 5.03. The lowest was 0.67. And the median was 2.37.
Wei Chih Steel Industrial Co (TPE:2028) 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.
TPE:2028 vs NUE, STLD, RS: Altman Z-Score Comparison
For the Steel subindustry, Wei Chih Steel 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.
Wei Chih Steel Industrial Co Altman Z-Score vs Steel Industry
For the Steel industry and Basic Materials sector, Wei Chih Steel Industrial Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Wei Chih Steel Industrial Co's Altman Z-Score falls into.
Wei Chih Steel 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.
* 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.
Wei Chih Steel Industrial Co (TPE:2028) has a Altman Z-Score of 2.35 as of Jul. 14, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Wei Chih Steel Industrial Co and its competitors. This is near median its historical median of 2.37. Over the past decade, Wei Chih Steel Industrial Co's Altman Z-Score has ranged from 0.67 to 5.03. According to the industry distribution chart, Wei Chih Steel Industrial Co ranks #322 out of 608 companies in the Steel industry, placing it in the top 53%.
Is Wei Chih Steel Industrial Co's Altman Z-Score too high?
Wei Chih Steel Industrial Co's current Altman Z-Score of 2.35 is near median its 10-year median of 2.37. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 5.03. The Steel industry median Altman Z-Score is 2.45. Wei Chih Steel Industrial Co's value of 2.35 is 3.9% below this industry median. Based on the distribution chart, Wei Chih Steel Industrial Co ranks #322 out of 608 companies in the Steel industry, which is below the industry midpoint. Overall, Wei Chih Steel Industrial Co has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Wei Chih Steel Industrial Co's Altman Z-Score compare to NUE and STLD?
According to the Steel industry distribution chart, Wei Chih Steel Industrial Co ranks #322 out of 608 companies for Altman Z-Score. This places Wei Chih Steel Industrial Co in the lower half of its industry. The industry median Altman Z-Score is 2.45. Wei Chih Steel Industrial Co's value of 2.35 is 3.9% below this benchmark. Historically, Wei Chih Steel Industrial Co's own Altman Z-Score has ranged from 0.67 to 5.03 over the past decade. While the company's 10-year median is 2.37 vs. the industry median of 2.45, Wei Chih Steel 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 Steel company?
The median Altman Z-Score among Steel companies is 2.45, based on 608 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. Wei Chih Steel Industrial Co's current Altman Z-Score of 2.35 is 3.9% 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 Wei Chih Steel Industrial Co 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. Wei Chih Steel Industrial Co's current Altman Z-Score is 2.35, which is near median its own 10-year median of 2.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wei Chih Steel Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Wei Chih Steel Industrial Co (TPE:2028) is currently considered Fairly Valued. The stock's GF Value™ is NT$16.52, compared to a current price of NT$15.60 — trading 5.6% below its estimated fair value. The current Altman Z-Score is 2.35, which is near median its 10-year median of 2.37 and 3.9% below the Steel industry median of 2.45. Wei Chih Steel Industrial Co's overall GF Score™ is 70/100 with 9 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 Wei Chih Steel Industrial Co (TPE:2028), the current Altman Z-Score is 2.35 as of Jul. 14, 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 Wei Chih Steel Industrial Co (TPE:2028) Overvalued in 2026?
Based on GuruFocus' analysis, Wei Chih Steel Industrial Co stock appears to be undervalued.
The current stock price of NT$15.60 is trading 5.6% below its estimated GF Value™ of NT$16.52.
GuruFocus considers Wei Chih Steel Industrial Co to be Fairly Valued.
Key valuation signals for TPE:2028:
Altman Z-Score: 2.35 (near median its 10-year median of 2.37)
GF Value™: NT$16.52 vs. price of NT$15.60 (5.6% below fair value)
Industry Position: 3.9% below the Steel median (#322 of 608)
No single metric tells the full story. See the TPE:2028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wei Chih Steel Industrial Co Ltd main business items of the Company are processing, manufacturing, trading and importing /exporting of steel rebars, bar steels, wire rods, steel billets and other steel products. The Company also rents and sales of public housing units and commercial building constructed by construction engineering firms entrusted by the Company. The Company operates single industry only, mainly for the steel processing and manufacturing of steel rebar, bar steels, billes steel, and wire rods. The company has presence in Taiwan and Australia. The company generates majority of revenue from Taiwan. The company's products are Rebars, Billets, Straight round bar (RB), Bar-in-Coils (BIC).
70GF Score
Get the complete analysis for TPE:2028
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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