Hung Ching Developmentnstruction Co (TPE:2527) Altman Z-Score: 0.78 (As of Jul. 11, 2026) — 13% Below Median


TPE:2527 Hung Ching Development & Construction Co Ltd TPE:2527
55 GF Score
Price NT$42.60
GF Value NT$8.12
Valuation Significantly Overvalued
! 16 Warning Signs
View Full Analysis

What is Hung Ching Developmentnstruction Co Altman Z-Score?

Hung Ching Developmentnstruction Co TPE:2527 55 Altman Z-Score is 0.78 as of Jul. 11, 2026, which is 13% below its 10-year median of 0.90. GuruFocus rates TPE:2527 with a GF Score™ of 55/100 and a GF Value™ of NT$8.12 (Significantly Overvalued). The stock has 16 warning signs investors should review. Among 1,731 Real Estate companies, Hung Ching Developmentnstruction Co ranks worse than 70.13% 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 0.76 is in distress zone. This implies bankruptcy possibility in the next two years.

Hung Ching Developmentnstruction Co has a Altman Z-Score of 0.78, 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 Hung Ching Developmentnstruction Co's Altman Z-Score or its related term are showing as below:

TPE:2527' s Altman Z-Score Range Over the Past 10 Years
Min: 0.47   Med: 0.9   Max: 1.82
Current: 0.76

During the past 13 years, Hung Ching Developmentnstruction Co's highest Altman Z-Score was 1.82. The lowest was 0.47. And the median was 0.90.


Hung Ching Developmentnstruction Co  (TPE:2527) 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.


Hung Ching Developmentnstruction Co Altman Z-Score Related Terms


Hung Ching Developmentnstruction Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Hung Ching Developmentnstruction 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.

Hung Ching Developmentnstruction Co Altman Z-Score Chart

Hung Ching Developmentnstruction 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 1.82 0.78 0.72 1.23 0.64

Hung Ching Developmentnstruction 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 1.23 1.15 0.95 0.91 0.64

TPE:2527 vs CBRE, BEKE, JLL: Altman Z-Score Comparison

For the Real Estate Services subindustry, Hung Ching Developmentnstruction 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.


Hung Ching Developmentnstruction Co Altman Z-Score vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Hung Ching Developmentnstruction Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Hung Ching Developmentnstruction Co's Altman Z-Score falls into.


TPE:2527
55GF Score
Hung Ching Development & Construction Co Ltd TPE:2527
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hung Ching Developmentnstruction 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.

Hung Ching Developmentnstruction 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*0.1176+1.4*0.0882+3.3*0.0184+0.6*0.7213+1.0*0.02
=0.78

* 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$32,975.6 Mil.
Total Current Assets was NT$15,908.5 Mil.
Total Current Liabilities was NT$12,029.2 Mil.
Retained Earnings was NT$2,909.3 Mil.
Pre-Tax Income was 104.537 + 361.174 + 10.557 + -176.361 = NT$299.9 Mil.
Interest Expense was -81.315 + -74.776 + -75.961 + -74.683 = NT$-306.7 Mil.
Revenue was 198.376 + 279.323 + 4.51 + 176.672 = NT$658.9 Mil.
Market Cap (Today) was NT$11,150.9 Mil.
Total Liabilities was NT$15,460.2 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
=(15908.455 - 12029.188)/32975.648
=0.1176

X2=Retained Earnings/Total Assets
=2909.278/32975.648
=0.0882

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(299.907 - -306.735)/32975.648
=0.0184

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=11150.904/15460.165
=0.7213

X5=Revenue/Total Assets
=658.881/32975.648
=0.02

The zones of discrimination were as such:

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

Hung Ching Developmentnstruction Co has a Altman Z-Score of 0.78 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 0.78 mean?
Hung Ching Developmentnstruction Co (TPE:2527) has a Altman Z-Score of 0.78 as of Jul. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hung Ching Developmentnstruction Co and its competitors. This is 13% below median its historical median of 0.90. Over the past decade, Hung Ching Developmentnstruction Co's Altman Z-Score has ranged from 0.47 to 1.82. According to the industry distribution chart, Hung Ching Developmentnstruction Co ranks #1214 out of 1731 companies in the Real Estate industry, placing it in the top 70.1%.
Is Hung Ching Developmentnstruction Co's Altman Z-Score too high?
Hung Ching Developmentnstruction Co's current Altman Z-Score of 0.78 is 13% below median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 1.82. The Real Estate industry median Altman Z-Score is 1.31. Hung Ching Developmentnstruction Co's value of 0.78 is 40.5% below this industry median. Based on the distribution chart, Hung Ching Developmentnstruction Co ranks #1214 out of 1731 companies in the Real Estate industry, which is below the industry midpoint. Overall, Hung Ching Developmentnstruction Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hung Ching Developmentnstruction Co's Altman Z-Score compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Hung Ching Developmentnstruction Co ranks #1214 out of 1731 companies for Altman Z-Score. This places Hung Ching Developmentnstruction Co in the lower half of its industry. The industry median Altman Z-Score is 1.31. Hung Ching Developmentnstruction Co's value of 0.78 is 40.5% below this benchmark. Historically, Hung Ching Developmentnstruction Co's own Altman Z-Score has ranged from 0.47 to 1.82 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 1.31, Hung Ching Developmentnstruction 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 Real Estate company?
The median Altman Z-Score among Real Estate companies is 1.31, based on 1,731 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. Hung Ching Developmentnstruction Co's current Altman Z-Score of 0.78 is 40.5% 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 Hung Ching Developmentnstruction Co and its competitors. For the Real Estate industry, the median Altman Z-Score is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hung Ching Developmentnstruction Co's current Altman Z-Score is 0.78, which is 13% below median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hung Ching Developmentnstruction Co stock overvalued right now?
Based on GuruFocus' analysis, Hung Ching Developmentnstruction Co (TPE:2527) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$8.12, compared to a current price of NT$42.60 — trading 424.6% above its estimated fair value. The current Altman Z-Score is 0.78, which is 13% below median its 10-year median of 0.90 and 40.5% below the Real Estate industry median of 1.31. Hung Ching Developmentnstruction Co's overall GF Score™ is 55/100 with 16 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 Hung Ching Developmentnstruction Co (TPE:2527), the current Altman Z-Score is 0.78 as of Jul. 11, 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 Hung Ching Developmentnstruction Co (TPE:2527) Overvalued in 2026?

Based on GuruFocus' analysis, Hung Ching Developmentnstruction Co stock appears to be overvalued. The current stock price of NT$42.60 is trading 424.6% above its estimated GF Value™ of NT$8.12. GuruFocus considers Hung Ching Developmentnstruction Co to be Significantly Overvalued.

Key valuation signals for TPE:2527:

  • Altman Z-Score: 0.78 (13% below median its 10-year median of 0.90)
  • GF Value™: NT$8.12 vs. price of NT$42.60 (424.6% above fair value)
  • GF Score™: 55/100 with 16 warning signs
  • Industry Position: 40.5% below the Real Estate median (#1214 of 1731)

No single metric tells the full story. See the TPE:2527 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hung Ching Developmentnstruction Co Business Description

Address Keelung Road, 10th Floor, No. 420, Section 1, Taipei, TWN
Hung Ching Development & Construction Co Ltd is a Taiwan-based real estate company. It is engaged in appointment of contractors to build public housing developments and commercial buildings for leasing and selling and in and management and investment of other relevant business. The company's reportable segments are as follows: i) Real estate development - sales of residential and commercial property and plant, ii) Construction - building of residential and commercial property and plant, iii) Lease - lease of investment property, and iv) Others - property management and related services for investment properties. The majority of revenue is derived from the Real estate development segment. It mainly operates in two geographical areas, Taiwan and China, with key revenue generated from Taiwan.
55GF Score

Get the complete analysis for TPE:2527

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

NT$42.60
Price
NT$8.12
GF Value