Shining Building Business CoTPE:5531 +0.51%41 Altman Z-Score is 0.20 as of Jul. 09, 2026, which is 75% below its 10-year median of 0.80. GuruFocus rates TPE:5531 with a GF Score™ of 41/100 and a GF Value™ of NT$3.07 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,755 Construction companies, Shining Building Business Co ranks worse than 92.88% 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 0.2 is in distress zone. This implies bankruptcy possibility in the next two years.
Shining Building Business Co has a Altman Z-Score of 0.20, 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 Shining Building Business Co's Altman Z-Score or its related term are showing as below:
TPE:5531'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.2 Med: 0.8 Max: 1.13
Current: 0.2
During the past 13 years, Shining Building Business Co's highest Altman Z-Score was 1.13. The lowest was 0.20. And the median was 0.80.
Shining Building Business Co (TPE:5531) 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.
TPE:5531 vs PWR, FIX, EME: Altman Z-Score Comparison
For the Engineering & Construction subindustry, Shining Building Business 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.
Shining Building Business Co Altman Z-Score vs Construction Industry
For the Construction industry and Industrials sector, Shining Building Business Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Shining Building Business Co's Altman Z-Score falls into.
Shining Building Business 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.
* 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.
Shining Building Business Co (TPE:5531) has a Altman Z-Score of 0.20 as of Jul. 09, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Shining Building Business Co and its competitors. This is 75% below median its historical median of 0.80. Over the past decade, Shining Building Business Co's Altman Z-Score has ranged from 0.20 to 1.13. According to the industry distribution chart, Shining Building Business Co ranks #1630 out of 1755 companies in the Construction industry, placing it in the top 92.9%.
Is Shining Building Business Co's Altman Z-Score too high?
Shining Building Business Co's current Altman Z-Score of 0.20 is 75% below median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.13. The Construction industry median Altman Z-Score is 2.33. Shining Building Business Co's value of 0.20 is 91.4% below this industry median. Based on the distribution chart, Shining Building Business Co ranks #1630 out of 1755 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Shining Building Business Co has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shining Building Business Co's Altman Z-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Shining Building Business Co ranks #1630 out of 1755 companies for Altman Z-Score. This places Shining Building Business Co in the lower half of its industry. The industry median Altman Z-Score is 2.33. Shining Building Business Co's value of 0.20 is 91.4% below this benchmark. Historically, Shining Building Business Co's own Altman Z-Score has ranged from 0.20 to 1.13 over the past decade. While the company's 10-year median is 0.80 vs. the industry median of 2.33, Shining Building Business Co 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 Construction company?
The median Altman Z-Score among Construction companies is 2.33, based on 1,755 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. Shining Building Business Co's current Altman Z-Score of 0.20 is 91.4% 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 Shining Building Business Co and its competitors. For the Construction industry, the median Altman Z-Score is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shining Building Business Co's current Altman Z-Score is 0.20, which is 75% below median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shining Building Business Co stock overvalued right now?
Based on GuruFocus' analysis, Shining Building Business Co (TPE:5531) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$3.07, compared to a current price of NT$7.95 — trading 159% above its estimated fair value. The current Altman Z-Score is 0.20, which is 75% below median its 10-year median of 0.80 and 91.4% below the Construction industry median of 2.33. Shining Building Business Co's overall GF Score™ is 41/100 with 9 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 Shining Building Business Co (TPE:5531), the current Altman Z-Score is 0.20 as of Jul. 09, 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 Shining Building Business Co (TPE:5531) Overvalued in 2026?
Based on GuruFocus' analysis, Shining Building Business Co stock appears to be overvalued.
The current stock price of NT$7.95 is trading 159% above its estimated GF Value™ of NT$3.07.
GuruFocus considers Shining Building Business Co to be Significantly Overvalued.
Key valuation signals for TPE:5531:
Altman Z-Score: 0.20 (75% below median its 10-year median of 0.80)
GF Value™: NT$3.07 vs. price of NT$7.95 (159% above fair value)
Industry Position: 91.4% below the Construction median (#1630 of 1755)
No single metric tells the full story. See the TPE:5531 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shining Building Business Co Ltd is engaged in the business of entrusting construction firms to build commercial buildings, and rent and sell public housing. The company operates through three business segments. i) Building unit: It is engaged in the business of building commercial buildings and renting and selling public housing. ii) Construction unit: It is engaged in construction and civil engineering, and iii) Other units: It is mainly engaged in hotel construction and real estate development and general investment. The majority of revenue is derived from the Building unit.
41GF Score
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