Team Group (TPE:4967) Altman Z-Score: 3.46 (As of Jul. 02, 2026) — Near Median


TPE:4967 Team Group Inc TPE:4967
63 GF Score
Price NT$250.50
GF Value NT$115.60
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Team Group Altman Z-Score?

Team Group TPE:4967 -4.93% 63 Altman Z-Score is 3.46 as of Jul. 02, 2026, which is 3% below its 10-year median of 3.56. GuruFocus rates TPE:4967 with a GF Score™ of 63/100 and a GF Value™ of NT$115.60 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 2,456 Hardware companies, Team Group ranks worse than 51.02% 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 3.53 is strong.

Team Group has a Altman Z-Score of 3.46, 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 Team Group's Altman Z-Score or its related term are showing as below:

TPE:4967' s Altman Z-Score Range Over the Past 10 Years
Min: 0.58   Med: 3.56   Max: 8.53
Current: 3.53

During the past 13 years, Team Group's highest Altman Z-Score was 8.53. The lowest was 0.58. And the median was 3.56.


Team Group  (TPE:4967) 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.


Team Group Altman Z-Score Related Terms


Team Group Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Team Group'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.

Team Group Altman Z-Score Chart

Team Group 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 4.82 2.66 2.94 3.44 3.15

Team Group 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 3.44 2.59 3.26 3.33 3.15

TPE:4967 vs SNDK, DELL, STX: Altman Z-Score Comparison

For the Computer Hardware subindustry, Team Group'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.


Team Group Altman Z-Score vs Hardware Industry

For the Hardware industry and Technology sector, Team Group's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Team Group's Altman Z-Score falls into.


TPE:4967
63GF Score
Team Group Inc TPE:4967
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Team Group 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.

Team Group'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*0.2888+1.4*0.1234+3.3*0.0975+0.6*2.0935+1.0*1.3603
=3.46

* 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$15,017 Mil.
Total Current Assets was NT$14,419 Mil.
Total Current Liabilities was NT$10,081 Mil.
Retained Earnings was NT$1,853 Mil.
Pre-Tax Income was 1022.994 + 249.76 + 40.149 + 104.065 = NT$1,417 Mil.
Interest Expense was -13.573 + -17.998 + -10.566 + -5.23 = NT$-47 Mil.
Revenue was 6348.948 + 4163.407 + 4565.796 + 5350.298 = NT$20,428 Mil.
Market Cap (Today) was NT$21,283 Mil.
Total Liabilities was NT$10,166 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
=(14418.702 - 10081.453)/15017.058
=0.2888

X2=Retained Earnings/Total Assets
=1852.716/15017.058
=0.1234

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1416.968 - -47.367)/15017.058
=0.0975

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=21283.304/10166.407
=2.0935

X5=Revenue/Total Assets
=20428.449/15017.058
=1.3603

The zones of discrimination were as such:

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

Team Group has a Altman Z-Score of 3.46 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 3.46 mean?
Team Group (TPE:4967) has a Altman Z-Score of 3.46 as of Jul. 02, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Team Group and its competitors. This is near median its historical median of 3.56. Over the past decade, Team Group's Altman Z-Score has ranged from 0.58 to 8.53. According to the industry distribution chart, Team Group ranks #1253 out of 2456 companies in the Hardware industry, placing it in the top 51%.
Is Team Group's Altman Z-Score too high?
Team Group's current Altman Z-Score of 3.46 is near median its 10-year median of 3.56. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 8.53. The Hardware industry median Altman Z-Score is 3.60. Team Group's value of 3.46 is 3.9% below this industry median. Based on the distribution chart, Team Group ranks #1253 out of 2456 companies in the Hardware industry, which is below the industry midpoint. Overall, Team Group has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Team Group's Altman Z-Score compare to SNDK and DELL?
According to the Hardware industry distribution chart, Team Group ranks #1253 out of 2456 companies for Altman Z-Score. This places Team Group in the lower half of its industry. The industry median Altman Z-Score is 3.60. Team Group's value of 3.46 is 3.9% below this benchmark. Historically, Team Group's own Altman Z-Score has ranged from 0.58 to 8.53 over the past decade. While the company's 10-year median is 3.56 vs. the industry median of 3.60, Team Group 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.60, based on 2,456 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. Team Group's current Altman Z-Score of 3.46 is 3.9% 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 Team Group and its competitors. For the Hardware industry, the median Altman Z-Score is 3.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Team Group's current Altman Z-Score is 3.46, which is near median its own 10-year median of 3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Team Group stock overvalued right now?
Based on GuruFocus' analysis, Team Group (TPE:4967) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$115.60, compared to a current price of NT$250.50 — trading 116.7% above its estimated fair value. The current Altman Z-Score is 3.46, which is near median its 10-year median of 3.56 and 3.9% below the Hardware industry median of 3.60. Team Group's overall GF Score™ is 63/100 with 6 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 Team Group (TPE:4967), the current Altman Z-Score is 3.46 as of Jul. 02, 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 Team Group (TPE:4967) Overvalued in 2026?

Based on GuruFocus' analysis, Team Group stock appears to be overvalued. The current stock price of NT$250.50 is trading 116.7% above its estimated GF Value™ of NT$115.60. GuruFocus considers Team Group to be Significantly Overvalued.

Key valuation signals for TPE:4967:

  • Altman Z-Score: 3.46 (near median its 10-year median of 3.56)
  • GF Value™: NT$115.60 vs. price of NT$250.50 (116.7% above fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 3.9% below the Hardware median (#1253 of 2456)

No single metric tells the full story. See the TPE:4967 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Team Group Business Description

Address Jianyi 1st Road, 3rd Floor, No. 166, Zhonghe District, New Taipei City, TWN, 235603
Team Group Inc engages in the manufacturing and selling of integrated circuit chips, memory, and computer peripheral equipment. The product categories of the company include T-FORCE memory chips for laptops and desktops, SSD, Memory Cards, USB Drives, Mobile accessories, CPU coolers, and SSD coolers, and others. Geographically, the company generates a majority of its revenue from America followed by the rest from Asia (excluding Taiwan), Europe, Taiwan, and other regions.
63GF Score

Get the complete analysis for TPE:4967

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

NT$250.50
Price
NT$115.60
GF Value