Wan Hai LinesTPE:2615 +4.94%79 Altman Z-Score is 2.70 as of Jul. 04, 2026, which is 18% above its 10-year median of 2.28. GuruFocus rates TPE:2615 with a GF Score™ of 79/100 and a GF Value™ of NT$72.10 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 994 Transportation companies, Wan Hai Lines ranks better than 58.55% 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 2.62 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.
Wan Hai Lines has a Altman Z-Score of 2.70, indicating it is in Grey Zones. This implies that Wan Hai Lines 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 Wan Hai Lines's Altman Z-Score or its related term are showing as below:
TPE:2615'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.59 Med: 2.28 Max: 6.12
Current: 2.62
During the past 13 years, Wan Hai Lines's highest Altman Z-Score was 6.12. The lowest was 1.59. And the median was 2.28.
Wan Hai Lines (TPE:2615) 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.
Wan Hai Lines Altman Z-Score Related Terms
Wan Hai Lines Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Wan Hai Lines'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.
Wan Hai Lines Altman Z-Score Competitor Comparison
For the Marine Shipping subindustry, Wan Hai Lines'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.
Wan Hai Lines Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, Wan Hai Lines's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Wan Hai Lines'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.
Wan Hai Lines'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
*
0.2679
+
1.4
*
0.4859
+
3.3
*
0.0942
+
0.6
*
1.7404
+
1.0
*
0.3429
=
2.70
* 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.
Wan Hai Lines (TPE:2615) has a Altman Z-Score of 2.70 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Wan Hai Lines and its competitors. This is 18% above median its historical median of 2.28. Over the past decade, Wan Hai Lines' Altman Z-Score has ranged from 1.59 to 6.12. According to the industry distribution chart, Wan Hai Lines ranks #412 out of 994 companies in the Transportation industry, placing it in the top 41.4%.
Is Wan Hai Lines' Altman Z-Score too high?
Wan Hai Lines' current Altman Z-Score of 2.70 is 18% above median its 10-year median of 2.28. Over the past 10 years, this metric has ranged from a low of 1.59 to a high of 6.12. The Transportation industry median Altman Z-Score is 2.27. Wan Hai Lines' value of 2.70 is 18.9% above this industry median. Based on the distribution chart, Wan Hai Lines ranks #412 out of 994 companies in the Transportation industry, which is above the industry midpoint. Overall, Wan Hai Lines has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wan Hai Lines' Altman Z-Score compare to competitors?
According to the Transportation industry distribution chart, Wan Hai Lines ranks #412 out of 994 companies for Altman Z-Score. This puts Wan Hai Lines in the upper half of its industry. The industry median Altman Z-Score is 2.27. Wan Hai Lines' value of 2.70 is 18.9% above this benchmark. Historically, Wan Hai Lines' own Altman Z-Score has ranged from 1.59 to 6.12 over the past decade. While the company's 10-year median is 2.28 vs. the industry median of 2.27, Wan Hai Lines 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.27, based on 994 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. Wan Hai Lines's current Altman Z-Score of 2.70 is 18.9% 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 Wan Hai Lines and its competitors. For the Transportation industry, the median Altman Z-Score is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wan Hai Lines's current Altman Z-Score is 2.70, which is 18% above median its own 10-year median of 2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wan Hai Lines stock overvalued right now?
Based on GuruFocus' analysis, Wan Hai Lines (TPE:2615) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$72.10, compared to a current price of NT$82.80 — trading 14.8% above its estimated fair value. The current Altman Z-Score is 2.70, which is 18% above median its 10-year median of 2.28 and 18.9% above the Transportation industry median of 2.27. Wan Hai Lines' overall GF Score™ is 79/100 with 4 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 Wan Hai Lines (TPE:2615), the current Altman Z-Score is 2.70 as of Jul. 04, 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 Wan Hai Lines (TPE:2615) Overvalued in 2026?
Based on GuruFocus' analysis, Wan Hai Lines stock appears to be overvalued.
The current stock price of NT$82.80 is trading 14.8% above its estimated GF Value™ of NT$72.10.
GuruFocus considers Wan Hai Lines to be Modestly Overvalued.
Key valuation signals for TPE:2615:
Altman Z-Score: 2.70 (18% above median its 10-year median of 2.28)
GF Value™: NT$72.10 vs. price of NT$82.80 (14.8% above fair value)
Industry Position: 18.9% above the Transportation median (#412 of 994)
No single metric tells the full story. See the TPE:2615 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wan Hai Lines Ltd is a transportation and logistics company domiciled in Taiwan. The company develops and operates terminals, container yards, and warehouses, and provides container shipping services through its fleet of vessels. Besides, the company constructs and maintains cargo containers, provides container loading and unloading services, and constructs and maintains ships. The company generates the majority of its revenue from Freight, Rentals, followed by WHL Terminals and Other services in geographical regions that include Asia, followed by India, the Middle East, America and the Red Sea.
79GF Score
Get the complete analysis for TPE:2615
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:2615 has been successfully added to your 
