Liwanli Innovation Co (TPE:3054) Altman Z-Score: 35.87 (As of Jul. 03, 2026) — 78% Above Median


TPE:3054 Liwanli Innovation Co Ltd TPE:3054
64 GF Score
Price NT$61.30
GF Value NT$39.82
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Liwanli Innovation Co Altman Z-Score?

Liwanli Innovation Co TPE:3054 +1.16% 64 Altman Z-Score is 35.87 as of Jul. 03, 2026, which is 78% above its 10-year median of 20.12. GuruFocus rates TPE:3054 with a GF Score™ of 64/100 and a GF Value™ of NT$39.82 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 951 Drug Manufacturers companies, Liwanli Innovation Co ranks better than 98.53% 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 36.04 is strong.

Liwanli Innovation Co has a Altman Z-Score of 35.87, 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 Liwanli Innovation Co's Altman Z-Score or its related term are showing as below:

TPE:3054' s Altman Z-Score Range Over the Past 10 Years
Min: 7.72   Med: 20.12   Max: 36.8
Current: 36.04

During the past 13 years, Liwanli Innovation Co's highest Altman Z-Score was 36.80. The lowest was 7.72. And the median was 20.12.


Liwanli Innovation Co  (TPE:3054) 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.


Liwanli Innovation Co Altman Z-Score Related Terms


Liwanli Innovation Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Liwanli Innovation 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.

Liwanli Innovation Co Altman Z-Score Chart

Liwanli Innovation 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 25.60 23.70 20.69 30.78 19.55

Liwanli Innovation 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 30.78 33.19 35.55 32.57 19.55

TPE:3054 vs ZTS, UTHR: Altman Z-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Liwanli Innovation 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.


Liwanli Innovation Co Altman Z-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Liwanli Innovation Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Liwanli Innovation Co's Altman Z-Score falls into.


TPE:3054
64GF Score
Liwanli Innovation Co Ltd TPE:3054
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Liwanli Innovation 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.

Liwanli Innovation 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*0.4208+1.4*0.087+3.3*0.1392+0.6*57.7951+1.0*0.11
=35.87

* 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$1,141.7 Mil.
Total Current Assets was NT$559.8 Mil.
Total Current Liabilities was NT$79.4 Mil.
Retained Earnings was NT$99.3 Mil.
Pre-Tax Income was 105.044 + 53.379 + 0.761 + -0.934 = NT$158.3 Mil.
Interest Expense was -0.256 + -0.055 + -0.187 + -0.189 = NT$-0.7 Mil.
Revenue was 23.898 + 51.451 + 31.919 + 18.272 = NT$125.5 Mil.
Market Cap (Today) was NT$4,943.9 Mil.
Total Liabilities was NT$85.5 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
=(559.815 - 79.441)/1141.666
=0.4208

X2=Retained Earnings/Total Assets
=99.307/1141.666
=0.087

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(158.25 - -0.687)/1141.666
=0.1392

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4943.909/85.542
=57.7951

X5=Revenue/Total Assets
=125.54/1141.666
=0.11

The zones of discrimination were as such:

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

Liwanli Innovation Co has a Altman Z-Score of 35.87 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 35.87 mean?
Liwanli Innovation Co (TPE:3054) has a Altman Z-Score of 35.87 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Liwanli Innovation Co and its competitors. This is 78% above median its historical median of 20.12. Over the past decade, Liwanli Innovation Co's Altman Z-Score has ranged from 7.72 to 36.80. According to the industry distribution chart, Liwanli Innovation Co ranks #14 out of 951 companies in the Drug Manufacturers industry, placing it in the top 1.5%.
Is Liwanli Innovation Co's Altman Z-Score too high?
Liwanli Innovation Co's current Altman Z-Score of 35.87 is 78% above median its 10-year median of 20.12. Over the past 10 years, this metric has ranged from a low of 7.72 to a high of 36.80. The Drug Manufacturers industry median Altman Z-Score is 3.23. Liwanli Innovation Co's value of 35.87 is 1010.5% above this industry median. Based on the distribution chart, Liwanli Innovation Co ranks #14 out of 951 companies in the Drug Manufacturers industry, which is in the top quartile — a strong position relative to peers. Overall, Liwanli Innovation Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Liwanli Innovation Co's Altman Z-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Liwanli Innovation Co ranks #14 out of 951 companies for Altman Z-Score. This places Liwanli Innovation Co in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.23. Liwanli Innovation Co's value of 35.87 is 1010.5% above this benchmark. Historically, Liwanli Innovation Co's own Altman Z-Score has ranged from 7.72 to 36.80 over the past decade. While the company's 10-year median is 20.12 vs. the industry median of 3.23, Liwanli Innovation Co 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 Drug Manufacturers company?
The median Altman Z-Score among Drug Manufacturers companies is 3.23, based on 951 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. Liwanli Innovation Co's current Altman Z-Score of 35.87 is 1010.5% 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 Liwanli Innovation Co and its competitors. For the Drug Manufacturers industry, the median Altman Z-Score is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liwanli Innovation Co's current Altman Z-Score is 35.87, which is 78% above median its own 10-year median of 20.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liwanli Innovation Co stock overvalued right now?
Based on GuruFocus' analysis, Liwanli Innovation Co (TPE:3054) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$39.82, compared to a current price of NT$61.30 — trading 53.9% above its estimated fair value. The current Altman Z-Score is 35.87, which is 78% above median its 10-year median of 20.12 and 1010.5% above the Drug Manufacturers industry median of 3.23. Liwanli Innovation Co's overall GF Score™ is 64/100 with 2 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 Liwanli Innovation Co (TPE:3054), the current Altman Z-Score is 35.87 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 Liwanli Innovation Co (TPE:3054) Overvalued in 2026?

Based on GuruFocus' analysis, Liwanli Innovation Co stock appears to be overvalued. The current stock price of NT$61.30 is trading 53.9% above its estimated GF Value™ of NT$39.82. GuruFocus considers Liwanli Innovation Co to be Significantly Overvalued.

Key valuation signals for TPE:3054:

  • Altman Z-Score: 35.87 (78% above median its 10-year median of 20.12)
  • GF Value™: NT$39.82 vs. price of NT$61.30 (53.9% above fair value)
  • GF Score™: 64/100 with 2 warning signs
  • Industry Position: 1010.5% above the Drug Manufacturers median (#14 of 951)

No single metric tells the full story. See the TPE:3054 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Liwanli Innovation Co Business Description

Address No. 537, Tanmei Street, 9th Floor, Neihu District, Taipei City, TWN, 235
Liwanli Innovation Co Ltd is engaged in the manufacture, wholesale, and retail of electronic materials and the sales of biotech products like drug nutrient products. The reportable segments of the company are distinguished by products; the electronic department is mainly engaged in the sale and after-sales service of computer peripherals, memory and other related products; and the biotechnology department is mainly engaged in the sales of biotechnology products. Maximum revenue is generated from its Electronics department. Geographically, it generates a majority of its revenue from Taiwan, followed by other regions.
64GF Score

Get the complete analysis for TPE:3054

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

NT$61.30
Price
NT$39.82
GF Value