U-Ming Marine TransportTPE:2606 +0.65%89 Altman Z-Score is 1.47 as of Jul. 06, 2026, which is 19% above its 10-year median of 1.24. GuruFocus rates TPE:2606 with a GF Score™ of 89/100 and a GF Value™ of NT$59.42 (Fairly Valued). The stock has 8 warning signs investors should review. Among 997 Transportation companies, U-Ming Marine Transport ranks worse than 69.01% 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 1.47 is in distress zone. This implies bankruptcy possibility in the next two years.
U-Ming Marine Transport has a Altman Z-Score of 1.47, 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 U-Ming Marine Transport's Altman Z-Score or its related term are showing as below:
TPE:2606'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.89 Med: 1.24 Max: 1.73
Current: 1.47
During the past 13 years, U-Ming Marine Transport's highest Altman Z-Score was 1.73. The lowest was 0.89. And the median was 1.24.
U-Ming Marine Transport (TPE:2606) 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.
U-Ming Marine Transport Altman Z-Score Competitor Comparison
For the Marine Shipping subindustry, U-Ming Marine Transport'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.
U-Ming Marine Transport Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, U-Ming Marine Transport's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where U-Ming Marine Transport's Altman Z-Score falls into.
U-Ming Marine Transport 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.
U-Ming Marine Transport (TPE:2606) has a Altman Z-Score of 1.47 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on U-Ming Marine Transport and its competitors. This is 19% above median its historical median of 1.24. Over the past decade, U-Ming Marine Transport's Altman Z-Score has ranged from 0.89 to 1.73. According to the industry distribution chart, U-Ming Marine Transport ranks #688 out of 997 companies in the Transportation industry, placing it in the top 69%.
Is U-Ming Marine Transport's Altman Z-Score too high?
U-Ming Marine Transport's current Altman Z-Score of 1.47 is 19% above median its 10-year median of 1.24. Over the past 10 years, this metric has ranged from a low of 0.89 to a high of 1.73. The Transportation industry median Altman Z-Score is 2.26. U-Ming Marine Transport's value of 1.47 is 35% below this industry median. Based on the distribution chart, U-Ming Marine Transport ranks #688 out of 997 companies in the Transportation industry, which is below the industry midpoint. Overall, U-Ming Marine Transport has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does U-Ming Marine Transport's Altman Z-Score compare to competitors?
According to the Transportation industry distribution chart, U-Ming Marine Transport ranks #688 out of 997 companies for Altman Z-Score. This places U-Ming Marine Transport in the lower half of its industry. The industry median Altman Z-Score is 2.26. U-Ming Marine Transport's value of 1.47 is 35% below this benchmark. Historically, U-Ming Marine Transport's own Altman Z-Score has ranged from 0.89 to 1.73 over the past decade. While the company's 10-year median is 1.24 vs. the industry median of 2.26, U-Ming Marine Transport 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.26, based on 997 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. U-Ming Marine Transport's current Altman Z-Score of 1.47 is 35% 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 U-Ming Marine Transport and its competitors. For the Transportation industry, the median Altman Z-Score is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. U-Ming Marine Transport's current Altman Z-Score is 1.47, which is 19% above median its own 10-year median of 1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is U-Ming Marine Transport stock overvalued right now?
Based on GuruFocus' analysis, U-Ming Marine Transport (TPE:2606) is currently considered Fairly Valued. The stock's GF Value™ is NT$59.42, compared to a current price of NT$62.20 — trading 4.7% above its estimated fair value. The current Altman Z-Score is 1.47, which is 19% above median its 10-year median of 1.24 and 35% below the Transportation industry median of 2.26. U-Ming Marine Transport's overall GF Score™ is 89/100 with 8 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 U-Ming Marine Transport (TPE:2606), the current Altman Z-Score is 1.47 as of Jul. 06, 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 U-Ming Marine Transport (TPE:2606) Overvalued in 2026?
Based on GuruFocus' analysis, U-Ming Marine Transport stock appears to be overvalued.
The current stock price of NT$62.20 is trading 4.7% above its estimated GF Value™ of NT$59.42.
GuruFocus considers U-Ming Marine Transport to be Fairly Valued.
Key valuation signals for TPE:2606:
Altman Z-Score: 1.47 (19% above median its 10-year median of 1.24)
GF Value™: NT$59.42 vs. price of NT$62.20 (4.7% above fair value)
Industry Position: 35% below the Transportation median (#688 of 997)
No single metric tells the full story. See the TPE:2606 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
U-Ming Marine Transport Corp is a transportation and logistics company, domiciled in Taiwan. The company organizes itself into two segments: marine transportation and investment. The marine transportation segment, which contributes the vast majority of revenue, owns and operates a fleet of vessels to transport dry bulk cargo, including cement, oil, coal, iron ore, steel, grain, and other commodities.
89GF Score
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