Lelon Electronics (TPE:2472) Altman Z-Score: 11.58 (As of Jul. 02, 2026) — 290% Above Median


TPE:2472 Lelon Electronics Corp TPE:2472
70 GF Score
Price NT$428.00
GF Value NT$93.59
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Lelon Electronics Altman Z-Score?

Lelon Electronics TPE:2472 +0.71% 70 Altman Z-Score is 11.58 as of Jul. 02, 2026, which is 290% above its 10-year median of 2.97. GuruFocus rates TPE:2472 with a GF Score™ of 70/100 and a GF Value™ of NT$93.59 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,456 Hardware companies, Lelon Electronics ranks better than 83.88% 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 10.41 is strong.

Lelon Electronics has a Altman Z-Score of 11.58, 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 Lelon Electronics's Altman Z-Score or its related term are showing as below:

TPE:2472' s Altman Z-Score Range Over the Past 10 Years
Min: 2.08   Med: 2.97   Max: 10.41
Current: 10.41

During the past 13 years, Lelon Electronics's highest Altman Z-Score was 10.41. The lowest was 2.08. And the median was 2.97.


Lelon Electronics  (TPE:2472) 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.


Lelon Electronics Altman Z-Score Related Terms


Lelon Electronics Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Lelon Electronics'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.

Lelon Electronics Altman Z-Score Chart

Lelon Electronics 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 3.36 2.99 3.27 3.61 4.38

Lelon Electronics 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 3.61 3.75 3.37 3.92 4.38

TPE:2472 vs APH, GLW: Altman Z-Score Comparison

For the Electronic Components subindustry, Lelon Electronics'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.


Lelon Electronics Altman Z-Score vs Hardware Industry

For the Hardware industry and Technology sector, Lelon Electronics's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Lelon Electronics's Altman Z-Score falls into.


TPE:2472
70GF Score
Lelon Electronics Corp TPE:2472
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lelon Electronics 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.

Lelon Electronics'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*0.4254+1.4*0.2418+3.3*0.1562+0.6*15.9875+1.0*0.6202
=11.58

* 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$18,208 Mil.
Total Current Assets was NT$11,369 Mil.
Total Current Liabilities was NT$3,623 Mil.
Retained Earnings was NT$4,402 Mil.
Pre-Tax Income was 1123.961 + 672.699 + 458.976 + 545.14 = NT$2,801 Mil.
Interest Expense was -11.187 + -10.007 + -9.032 + -13.641 = NT$-44 Mil.
Revenue was 2885.42 + 2800.915 + 2912.344 + 2693.859 = NT$11,293 Mil.
Market Cap (Today) was NT$70,507 Mil.
Total Liabilities was NT$4,410 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
=(11369.259 - 3623.303)/18207.655
=0.4254

X2=Retained Earnings/Total Assets
=4402.408/18207.655
=0.2418

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(2800.776 - -43.867)/18207.655
=0.1562

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=70506.639/4410.105
=15.9875

X5=Revenue/Total Assets
=11292.538/18207.655
=0.6202

The zones of discrimination were as such:

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

Lelon Electronics has a Altman Z-Score of 11.58 indicating it is in Safe 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 11.58 mean?
Lelon Electronics (TPE:2472) has a Altman Z-Score of 11.58 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Lelon Electronics and its competitors. This is 290% above median its historical median of 2.97. Over the past decade, Lelon Electronics' Altman Z-Score has ranged from 2.08 to 10.41. According to the industry distribution chart, Lelon Electronics ranks #396 out of 2456 companies in the Hardware industry, placing it in the top 16.1%.
Is Lelon Electronics' Altman Z-Score too high?
Lelon Electronics' current Altman Z-Score of 11.58 is 290% above median its 10-year median of 2.97. Over the past 10 years, this metric has ranged from a low of 2.08 to a high of 10.41. The Hardware industry median Altman Z-Score is 3.60. Lelon Electronics' value of 11.58 is 222.1% above this industry median. Based on the distribution chart, Lelon Electronics ranks #396 out of 2456 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Lelon Electronics has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lelon Electronics' Altman Z-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Lelon Electronics ranks #396 out of 2456 companies for Altman Z-Score. This places Lelon Electronics in the top 16% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.60. Lelon Electronics' value of 11.58 is 222.1% above this benchmark. Historically, Lelon Electronics' own Altman Z-Score has ranged from 2.08 to 10.41 over the past decade. While the company's 10-year median is 2.97 vs. the industry median of 3.60, Lelon Electronics 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 3.60, 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. Lelon Electronics's current Altman Z-Score of 11.58 is 222.1% 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 Lelon Electronics and its competitors. For the Hardware industry, the median Altman Z-Score is 3.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lelon Electronics's current Altman Z-Score is 11.58, which is 290% above median its own 10-year median of 2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lelon Electronics stock overvalued right now?
Based on GuruFocus' analysis, Lelon Electronics (TPE:2472) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$93.59, compared to a current price of NT$428.00 — trading 357.3% above its estimated fair value. The current Altman Z-Score is 11.58, which is 290% above median its 10-year median of 2.97 and 222.1% above the Hardware industry median of 3.60. Lelon Electronics' overall GF Score™ is 70/100 with 6 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 Lelon Electronics (TPE:2472), the current Altman Z-Score is 11.58 as of Jul. 02, 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 Lelon Electronics (TPE:2472) Overvalued in 2026?

Based on GuruFocus' analysis, Lelon Electronics stock appears to be overvalued. The current stock price of NT$428.00 is trading 357.3% above its estimated GF Value™ of NT$93.59. GuruFocus considers Lelon Electronics to be Significantly Overvalued.

Key valuation signals for TPE:2472:

  • Altman Z-Score: 11.58 (290% above median its 10-year median of 2.97)
  • GF Value™: NT$93.59 vs. price of NT$428.00 (357.3% above fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 222.1% above the Hardware median (#396 of 2456)

No single metric tells the full story. See the TPE:2472 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lelon Electronics Business Description

Address No. 147, Guoguang Road, Section 1, Dali District, Taichung City, TWN, 412024
Lelon Electronics Corp main activities are the manufacturing, assembling, and sale of electronic components and parts; the sale of production machinery; and acting as an agent for business operation, investment, and import and export trade. Its products include Organic Conductive Polymer Capacitors (OP-CAP), Conductive Polymer Hybrid Capacitors, SMD Aluminum Electrolytic Capacitors, Leaded Aluminum Electrolytic Capacitors, Screw Terminal Aluminum Electrolytic Capacitors, EDLC, and others. The Company operates through two reportable segments: the Lelon segment, which generates the maximum revenue and manufactures and sells aluminum electrolytic capacitors, and the Liton segment, which manufactures and sells aluminum formed foils. China generates the maximum revenue for the Company.
70GF Score

Get the complete analysis for TPE:2472

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

NT$428.00
Price
NT$93.59
GF Value