Acer GadgetTPE:2432 -0.88%54 Altman Z-Score is 5.05 as of Jul. 03, 2026, which is 10% above its 10-year median of 4.59. GuruFocus rates TPE:2432 with a GF Score™ of 54/100 and a GF Value™ of NT$50.88 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 2,456 Hardware companies, Acer Gadget ranks better than 64.21% 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 5.02 is strong.
Acer Gadget has a Altman Z-Score of 5.05, 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 Acer Gadget's Altman Z-Score or its related term are showing as below:
TPE:2432'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.11 Med: 4.59 Max: 5.02
Current: 5.02
During the past 7 years, Acer Gadget's highest Altman Z-Score was 5.02. The lowest was 4.11. And the median was 4.59.
Acer Gadget (TPE:2432) 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.
Altman Z-Score does not apply to financial companies.
Acer Gadget Altman Z-Score Related Terms
Acer Gadget Altman Z-Score Historical Data
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The historical data trend for Acer Gadget'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:2432 vs SNDK, DELL, STX: Altman Z-Score Comparison
For the Computer Hardware subindustry, Acer Gadget'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.
Acer Gadget Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, Acer Gadget's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Acer Gadget'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.
Acer Gadget'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
*
0.5879
+
1.4
*
0.0722
+
3.3
*
0.0892
+
0.6
*
3.3759
+
1.0
*
1.925
=
5.05
* 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.
Acer Gadget (TPE:2432) has a Altman Z-Score of 5.05 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Acer Gadget and its competitors. This is 10% above median its historical median of 4.59. Over the past decade, Acer Gadget's Altman Z-Score has ranged from 4.11 to 5.02. According to the industry distribution chart, Acer Gadget ranks #879 out of 2456 companies in the Hardware industry, placing it in the top 35.8%.
Is Acer Gadget's Altman Z-Score too high?
Acer Gadget's current Altman Z-Score of 5.05 is 10% above median its 10-year median of 4.59. Over the past 10 years, this metric has ranged from a low of 4.11 to a high of 5.02. The Hardware industry median Altman Z-Score is 3.59. Acer Gadget's value of 5.05 is 40.7% above this industry median. Based on the distribution chart, Acer Gadget ranks #879 out of 2456 companies in the Hardware industry, which is above the industry midpoint. Overall, Acer Gadget has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Acer Gadget's Altman Z-Score compare to SNDK and DELL?
According to the Hardware industry distribution chart, Acer Gadget ranks #879 out of 2456 companies for Altman Z-Score. This puts Acer Gadget in the upper half of its industry. The industry median Altman Z-Score is 3.59. Acer Gadget's value of 5.05 is 40.7% above this benchmark. Historically, Acer Gadget's own Altman Z-Score has ranged from 4.11 to 5.02 over the past decade. While the company's 10-year median is 4.59 vs. the industry median of 3.59, Acer Gadget 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.59, based on 2,456 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. Acer Gadget's current Altman Z-Score of 5.05 is 40.7% 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 Acer Gadget and its competitors. For the Hardware industry, the median Altman Z-Score is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Acer Gadget's current Altman Z-Score is 5.05, which is 10% above median its own 10-year median of 4.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Acer Gadget stock overvalued right now?
Based on GuruFocus' analysis, Acer Gadget (TPE:2432) is currently considered Possible Value Trap. The stock's GF Value™ is NT$50.88, compared to a current price of NT$28.10 — trading 44.8% below its estimated fair value. The current Altman Z-Score is 5.05, which is 10% above median its 10-year median of 4.59 and 40.7% above the Hardware industry median of 3.59. Acer Gadget's overall GF Score™ is 54/100 with 3 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 Acer Gadget (TPE:2432), the current Altman Z-Score is 5.05 as of Jul. 03, 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 Acer Gadget (TPE:2432) Overvalued in 2026?
Based on GuruFocus' analysis, Acer Gadget stock appears to be undervalued.
The current stock price of NT$28.10 is trading 44.8% below its estimated GF Value™ of NT$50.88.
GuruFocus considers Acer Gadget to be Possible Value Trap.
Key valuation signals for TPE:2432:
Altman Z-Score: 5.05 (10% above median its 10-year median of 4.59)
GF Value™: NT$50.88 vs. price of NT$28.10 (44.8% below fair value)
Industry Position: 40.7% above the Hardware median (#879 of 2456)
No single metric tells the full story. See the TPE:2432 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Acer Gadget Inc mainly engages in telecom value-added network business, the design, sales, and lease of computer software and hardware application systems, and the sales of computer peripherals and smart life products. Its segments include the Smart Devices and Value-Added Trading Division, which generates maximum revenue and mainly engages in gaming and non-gaming products, computer peripherals, and smart life products, the Fashion Division, which engages in bags, apparel, luggage, and accessories, the Smart Mobility Division, which engages in e-Scooters and e-Bikes, and the Solutions Division, which engages in system planning, development, maintenance, operation, and service promotion. The company generates maximum revenue from China.
54GF Score
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