Capital SecuritiesTPE:6005 -1.57%75 Altman Z-Score is 0.45 as of Jul. 01, 2026, which is 12% below its 10-year median of 0.51. GuruFocus rates TPE:6005 with a GF Score™ of 75/100 and a GF Value™ of NT$31.86 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 661 Capital Markets companies, Capital Securities ranks worse than 83.36% 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 0.45 is in distress zone. This implies bankruptcy possibility in the next two years.
Capital Securities has a Altman Z-Score of 0.45, 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 Capital Securities's Altman Z-Score or its related term are showing as below:
TPE:6005'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.31 Med: 0.51 Max: 0.52
Current: 0.45
During the past 13 years, Capital Securities's highest Altman Z-Score was 0.52. The lowest was 0.31. And the median was 0.51.
Capital Securities (TPE:6005) 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.
Capital Securities Altman Z-Score Related Terms
Capital Securities Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Capital Securities'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.
TPE:6005 vs MS, GS, SCHW: Altman Z-Score Comparison
For the Capital Markets subindustry, Capital Securities'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.
Capital Securities Altman Z-Score vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Capital Securities's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Capital Securities'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.
Capital Securities'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
*
0.0925
+
1.4
*
0.0171
+
3.3
*
0.0279
+
0.6
*
0.2661
+
1.0
*
0.0606
=
0.45
* 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.
Capital Securities (TPE:6005) has a Altman Z-Score of 0.45 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Capital Securities and its competitors. This is 12% below median its historical median of 0.51. Over the past decade, Capital Securities' Altman Z-Score has ranged from 0.31 to 0.52. According to the industry distribution chart, Capital Securities ranks #551 out of 661 companies in the Capital Markets industry, placing it in the top 83.4%.
Is Capital Securities' Altman Z-Score too high?
Capital Securities' current Altman Z-Score of 0.45 is 12% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 0.52. The Capital Markets industry median Altman Z-Score is 2.55. Capital Securities' value of 0.45 is 82.4% below this industry median. Based on the distribution chart, Capital Securities ranks #551 out of 661 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Capital Securities has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Capital Securities' Altman Z-Score compare to MS and GS?
According to the Capital Markets industry distribution chart, Capital Securities ranks #551 out of 661 companies for Altman Z-Score. This places Capital Securities in the lower half of its industry. The industry median Altman Z-Score is 2.55. Capital Securities' value of 0.45 is 82.4% below this benchmark. Historically, Capital Securities' own Altman Z-Score has ranged from 0.31 to 0.52 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 2.55, Capital Securities 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 Capital Markets company?
The median Altman Z-Score among Capital Markets companies is 2.55, based on 661 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. Capital Securities's current Altman Z-Score of 0.45 is 82.4% 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 Capital Securities and its competitors. For the Capital Markets industry, the median Altman Z-Score is 2.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Capital Securities's current Altman Z-Score is 0.45, which is 12% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Capital Securities stock overvalued right now?
Based on GuruFocus' analysis, Capital Securities (TPE:6005) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$31.86, compared to a current price of NT$37.65 — trading 18.2% above its estimated fair value. The current Altman Z-Score is 0.45, which is 12% below median its 10-year median of 0.51 and 82.4% below the Capital Markets industry median of 2.55. Capital Securities' overall GF Score™ is 75/100 with 8 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 Capital Securities (TPE:6005), the current Altman Z-Score is 0.45 as of Jul. 01, 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 Capital Securities (TPE:6005) Overvalued in 2026?
Based on GuruFocus' analysis, Capital Securities stock appears to be overvalued.
The current stock price of NT$37.65 is trading 18.2% above its estimated GF Value™ of NT$31.86.
GuruFocus considers Capital Securities to be Modestly Overvalued.
Key valuation signals for TPE:6005:
Altman Z-Score: 0.45 (12% below median its 10-year median of 0.51)
GF Value™: NT$31.86 vs. price of NT$37.65 (18.2% above fair value)
Industry Position: 82.4% below the Capital Markets median (#551 of 661)
No single metric tells the full story. See the TPE:6005 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Capital Securities Corp is a Taiwan-based securities company engaged in brokerage, underwriting, proprietary trading, and derivatives businesses. It operates in segments such as the Brokerage segment, which is engaged in brokerage trading, margin trading, and securities lending business. Corporate financing segment: Engaged in providing advisory on initial public offering or to register on the emerging or listed market, securities underwriting and sales, corporate finance, mergers and acquisitions. Dealing segment: Engaged in trading securities and related listed stock instruments on a proprietary basis. Derivative instrument segment: Engaged in the investment, consultancy, and issuance of derivative instruments. Futures: Engaged in the business of domestic futures brokerage services.
75GF Score
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