Nan Liu Enterprise Co (TPE:6504) Altman Z-Score: 1.34 (As of Jul. 01, 2026) — 32% Below Median


TPE:6504 Nan Liu Enterprise Co Ltd TPE:6504
61 GF Score
Price NT$36.00
GF Value NT$76.19
Valuation Possible Value Trap
! 6 Warning Signs
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What is Nan Liu Enterprise Co Altman Z-Score?

Nan Liu Enterprise Co TPE:6504 +0.70% 61 Altman Z-Score is 1.34 as of Jul. 01, 2026, which is 32% below its 10-year median of 1.97. GuruFocus rates TPE:6504 with a GF Score™ of 61/100 and a GF Value™ of NT$76.19 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,928 Consumer Packaged Goods companies, Nan Liu Enterprise Co ranks worse than 79.51% 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 1.34 is in distress zone. This implies bankruptcy possibility in the next two years.

Nan Liu Enterprise Co has a Altman Z-Score of 1.34, 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 Nan Liu Enterprise Co's Altman Z-Score or its related term are showing as below:

TPE:6504' s Altman Z-Score Range Over the Past 10 Years
Min: 1.33   Med: 1.97   Max: 4.75
Current: 1.34

During the past 13 years, Nan Liu Enterprise Co's highest Altman Z-Score was 4.75. The lowest was 1.33. And the median was 1.97.


Nan Liu Enterprise Co  (TPE:6504) 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.


Nan Liu Enterprise Co Altman Z-Score Related Terms


Nan Liu Enterprise Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Nan Liu Enterprise 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.

Nan Liu Enterprise Co Altman Z-Score Chart

Nan Liu Enterprise 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 1.70 1.33 1.42 1.50 1.38

Nan Liu Enterprise 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 1.50 1.56 1.41 1.34 1.38

TPE:6504 vs PG, CL, KVUE: Altman Z-Score Comparison

For the Household & Personal Products subindustry, Nan Liu Enterprise 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.


Nan Liu Enterprise Co Altman Z-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nan Liu Enterprise Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Nan Liu Enterprise Co's Altman Z-Score falls into.


TPE:6504
61GF Score
Nan Liu Enterprise Co Ltd TPE:6504
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nan Liu Enterprise 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.

Nan Liu Enterprise 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*0.1186+1.4*0.1673+3.3*0.0132+0.6*0.4112+1.0*0.6749
=1.34

* 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$9,800 Mil.
Total Current Assets was NT$4,909 Mil.
Total Current Liabilities was NT$3,746 Mil.
Retained Earnings was NT$1,640 Mil.
Pre-Tax Income was 117.259 + 78.603 + -225.091 + 58.492 = NT$29 Mil.
Interest Expense was -22.903 + -26.848 + -24.659 + -26.182 = NT$-101 Mil.
Revenue was 1708.634 + 1611.893 + 1624.252 + 1669.87 = NT$6,615 Mil.
Market Cap (Today) was NT$2,614 Mil.
Total Liabilities was NT$6,355 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
=(4909.143 - 3746.402)/9800.405
=0.1186

X2=Retained Earnings/Total Assets
=1639.58/9800.405
=0.1673

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(29.263 - -100.592)/9800.405
=0.0132

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2613.600/6355.35
=0.4112

X5=Revenue/Total Assets
=6614.649/9800.405
=0.6749

The zones of discrimination were as such:

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

Nan Liu Enterprise Co has a Altman Z-Score of 1.34 indicating it is in Distress 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 1.34 mean?
Nan Liu Enterprise Co (TPE:6504) has a Altman Z-Score of 1.34 as of Jul. 01, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Nan Liu Enterprise Co and its competitors. This is 32% below median its historical median of 1.97. Over the past decade, Nan Liu Enterprise Co's Altman Z-Score has ranged from 1.33 to 4.75. According to the industry distribution chart, Nan Liu Enterprise Co ranks #1533 out of 1928 companies in the Consumer Packaged Goods industry, placing it in the top 79.5%.
Is Nan Liu Enterprise Co's Altman Z-Score too high?
Nan Liu Enterprise Co's current Altman Z-Score of 1.34 is 32% below median its 10-year median of 1.97. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 4.75. The Consumer Packaged Goods industry median Altman Z-Score is 2.83. Nan Liu Enterprise Co's value of 1.34 is 52.7% below this industry median. Based on the distribution chart, Nan Liu Enterprise Co ranks #1533 out of 1928 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Nan Liu Enterprise Co has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nan Liu Enterprise Co's Altman Z-Score compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Nan Liu Enterprise Co ranks #1533 out of 1928 companies for Altman Z-Score. This places Nan Liu Enterprise Co in the lower half of its industry. The industry median Altman Z-Score is 2.83. Nan Liu Enterprise Co's value of 1.34 is 52.7% below this benchmark. Historically, Nan Liu Enterprise Co's own Altman Z-Score has ranged from 1.33 to 4.75 over the past decade. While the company's 10-year median is 1.97 vs. the industry median of 2.83, Nan Liu Enterprise 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 Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.83, based on 1,928 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. Nan Liu Enterprise Co's current Altman Z-Score of 1.34 is 52.7% 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 Nan Liu Enterprise Co and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nan Liu Enterprise Co's current Altman Z-Score is 1.34, which is 32% below median its own 10-year median of 1.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nan Liu Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Nan Liu Enterprise Co (TPE:6504) is currently considered Possible Value Trap. The stock's GF Value™ is NT$76.19, compared to a current price of NT$36.00 — trading 52.7% below its estimated fair value. The current Altman Z-Score is 1.34, which is 32% below median its 10-year median of 1.97 and 52.7% below the Consumer Packaged Goods industry median of 2.83. Nan Liu Enterprise Co's overall GF Score™ is 61/100 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 Nan Liu Enterprise Co (TPE:6504), the current Altman Z-Score is 1.34 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 Nan Liu Enterprise Co (TPE:6504) Overvalued in 2026?

Based on GuruFocus' analysis, Nan Liu Enterprise Co stock appears to be undervalued. The current stock price of NT$36.00 is trading 52.7% below its estimated GF Value™ of NT$76.19. GuruFocus considers Nan Liu Enterprise Co to be Possible Value Trap.

Key valuation signals for TPE:6504:

  • Altman Z-Score: 1.34 (32% below median its 10-year median of 1.97)
  • GF Value™: NT$76.19 vs. price of NT$36.00 (52.7% below fair value)
  • GF Score™: 61/100 with 6 warning signs
  • Industry Position: 52.7% below the Consumer Packaged Goods median (#1533 of 1928)

No single metric tells the full story. See the TPE:6504 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nan Liu Enterprise Co Business Description

Address No. 699, Silin Road, Yanchao District, Kaohsiung, TWN
Nan Liu Enterprise Co Ltd is engaged in the manufacture and sales of air-through nonwoven, spunlace non-woven, wet napkins, facial mask and skin care products. Its products include spunlace nonwoven fabric, High-tech spunlace wood pulp composite fabric, pure cotton, and hot-pressed/hot-air nonwoven fabric. Its finished products include wet wipes, face mask, facial mask, and dry towel. Its segments include Nan Liu Enterprise Co., Ltd.; Nanliu Enterprises (Pinghu) Ltd.; Nanliu Manufacturing (India) Private Limited; and Others. Its geographical operations are spread across Taiwan, Mainland China, Japa, India, and Others with majority of revenue contribution from Mainland China.
61GF Score

Get the complete analysis for TPE:6504

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

NT$36.00
Price
NT$76.19
GF Value