Hiwin MikrosystemTPE:4576 -5.32%64 Altman Z-Score is 7.23 as of Jul. 04, 2026, which is 79% above its 10-year median of 4.04. GuruFocus rates TPE:4576 with a GF Score™ of 64/100 and a GF Value™ of NT$125.29 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 3,007 Industrial Products companies, Hiwin Mikrosystem ranks better than 77.65% 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 6.61 is strong.
Hiwin Mikrosystem has a Altman Z-Score of 7.23, 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 Hiwin Mikrosystem's Altman Z-Score or its related term are showing as below:
TPE:4576'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.09 Med: 4.04 Max: 6.61
Current: 6.61
During the past 11 years, Hiwin Mikrosystem's highest Altman Z-Score was 6.61. The lowest was 3.09. And the median was 4.04.
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.
Hiwin Mikrosystem Altman Z-Score Related Terms
Hiwin Mikrosystem Altman Z-Score Historical Data
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The historical data trend for Hiwin Mikrosystem'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.
For the Electrical Equipment & Parts subindustry, Hiwin Mikrosystem'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.
Hiwin Mikrosystem Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hiwin Mikrosystem's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Hiwin Mikrosystem'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.
Hiwin Mikrosystem'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
*
0.2105
+
1.4
*
0.1596
+
3.3
*
0.0452
+
0.6
*
10.3578
+
1.0
*
0.3872
=
7.23
* 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.
Hiwin Mikrosystem (TPE:4576) has a Altman Z-Score of 7.23 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hiwin Mikrosystem and its competitors. This is 79% above median its historical median of 4.04. Over the past decade, Hiwin Mikrosystem's Altman Z-Score has ranged from 3.09 to 6.61. According to the industry distribution chart, Hiwin Mikrosystem ranks #672 out of 3007 companies in the Industrial Products industry, placing it in the top 22.3%.
Is Hiwin Mikrosystem's Altman Z-Score too high?
Hiwin Mikrosystem's current Altman Z-Score of 7.23 is 79% above median its 10-year median of 4.04. Over the past 10 years, this metric has ranged from a low of 3.09 to a high of 6.61. The Industrial Products industry median Altman Z-Score is 3.35. Hiwin Mikrosystem's value of 7.23 is 115.8% above this industry median. Based on the distribution chart, Hiwin Mikrosystem ranks #672 out of 3007 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Hiwin Mikrosystem has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hiwin Mikrosystem's Altman Z-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Hiwin Mikrosystem ranks #672 out of 3007 companies for Altman Z-Score. This places Hiwin Mikrosystem in the top 22% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.35. Hiwin Mikrosystem's value of 7.23 is 115.8% above this benchmark. Historically, Hiwin Mikrosystem's own Altman Z-Score has ranged from 3.09 to 6.61 over the past decade. While the company's 10-year median is 4.04 vs. the industry median of 3.35, Hiwin Mikrosystem 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.35, based on 3,007 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. Hiwin Mikrosystem's current Altman Z-Score of 7.23 is 115.8% 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 Hiwin Mikrosystem and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hiwin Mikrosystem's current Altman Z-Score is 7.23, which is 79% above median its own 10-year median of 4.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hiwin Mikrosystem stock overvalued right now?
Based on GuruFocus' analysis, Hiwin Mikrosystem (TPE:4576) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$125.29, compared to a current price of NT$222.50 — trading 77.6% above its estimated fair value. The current Altman Z-Score is 7.23, which is 79% above median its 10-year median of 4.04 and 115.8% above the Industrial Products industry median of 3.35. Hiwin Mikrosystem's overall GF Score™ is 64/100 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 Hiwin Mikrosystem (TPE:4576), the current Altman Z-Score is 7.23 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 Hiwin Mikrosystem (TPE:4576) Overvalued in 2026?
Based on GuruFocus' analysis, Hiwin Mikrosystem stock appears to be overvalued.
The current stock price of NT$222.50 is trading 77.6% above its estimated GF Value™ of NT$125.29.
GuruFocus considers Hiwin Mikrosystem to be Significantly Overvalued.
Key valuation signals for TPE:4576:
Altman Z-Score: 7.23 (79% above median its 10-year median of 4.04)
GF Value™: NT$125.29 vs. price of NT$222.50 (77.6% above fair value)
Industry Position: 115.8% above the Industrial Products median (#672 of 3007)
No single metric tells the full story. See the TPE:4576 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hiwin Mikrosystem Corp is engaged in manufacturing, repairing, and selling a variety of motors, drives, and automation systems. Its product offerings include ballscrews, rolled ballscrews, precision linear guideways, rotary motors, and single-axis motors, among others. Its products can be applied in semiconductor equipment, optical component manufacturing equipment, automation equipment, Medicare and healthcare equipment, rehabilitation equipment, and transportation. The company's reportable segments are precision motion and control parts, micro and nano-positioning systems and others. The majority of revenue is derived from the micro and nano-positioning systems segment. Geographically, the maximum revenue is generated from Taiwan.
64GF Score
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