Advanced Energy Solution Holding Co (TPE:6781) Altman Z-Score: 9.56 (As of Jul. 11, 2026) — 12% Below Median


TPE:6781 Advanced Energy Solution Holding Co Ltd TPE:6781
98 GF Score
Price NT$1,130.00
GF Value NT$1,220.11
Valuation Fairly Valued
! 1 Warning Sign
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What is Advanced Energy Solution Holding Co Altman Z-Score?

Advanced Energy Solution Holding Co TPE:6781 98 Altman Z-Score is 9.56 as of Jul. 11, 2026, which is 12% below its 10-year median of 10.85. GuruFocus rates TPE:6781 with a GF Score™ of 98/100 and a GF Value™ of NT$1,220.11 (Fairly Valued). The stock has 1 warning sign investors should review. Among 3,006 Industrial Products companies, Advanced Energy Solution Holding Co ranks better than 87.19% 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 10.17 is strong.

Advanced Energy Solution Holding Co has a Altman Z-Score of 9.56, 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 Advanced Energy Solution Holding Co's Altman Z-Score or its related term are showing as below:

TPE:6781' s Altman Z-Score Range Over the Past 10 Years
Min: 7.23   Med: 10.85   Max: 23.23
Current: 10.17

During the past 9 years, Advanced Energy Solution Holding Co's highest Altman Z-Score was 23.23. The lowest was 7.23. And the median was 10.85.


Advanced Energy Solution Holding Co  (TPE:6781) 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.


Advanced Energy Solution Holding Co Altman Z-Score Related Terms


Advanced Energy Solution Holding Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Advanced Energy Solution Holding 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.

Advanced Energy Solution Holding Co Altman Z-Score Chart

Advanced Energy Solution Holding Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only 23.23 7.23 8.84 12.02 10.85

Advanced Energy Solution Holding 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 12.02 8.90 9.28 10.68 10.85

TPE:6781 vs VRT, BE: Altman Z-Score Comparison

For the Electrical Equipment & Parts subindustry, Advanced Energy Solution Holding 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.


Advanced Energy Solution Holding Co Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Advanced Energy Solution Holding Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Advanced Energy Solution Holding Co's Altman Z-Score falls into.


TPE:6781
98GF Score
Advanced Energy Solution Holding Co Ltd TPE:6781
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Advanced Energy Solution Holding 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.

Advanced Energy Solution Holding 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*0.5298+1.4*0.3305+3.3*0.1673+0.6*12.1097+1.0*0.6459
=9.56

* 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$24,772 Mil.
Total Current Assets was NT$20,589 Mil.
Total Current Liabilities was NT$7,466 Mil.
Retained Earnings was NT$8,188 Mil.
Pre-Tax Income was 1026.477 + 1013.947 + 1047.724 + 1051.058 = NT$4,139 Mil.
Interest Expense was -1.128 + -1.046 + -0.429 + -2.207 = NT$-5 Mil.
Revenue was 4460.912 + 4129.336 + 3972.22 + 3438.344 = NT$16,001 Mil.
Market Cap (Today) was NT$96,523 Mil.
Total Liabilities was NT$7,971 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
=(20589.176 - 7466.089)/24771.676
=0.5298

X2=Retained Earnings/Total Assets
=8187.773/24771.676
=0.3305

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(4139.206 - -4.81)/24771.676
=0.1673

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=96523.470/7970.778
=12.1097

X5=Revenue/Total Assets
=16000.812/24771.676
=0.6459

The zones of discrimination were as such:

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

Advanced Energy Solution Holding Co has a Altman Z-Score of 9.56 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 9.56 mean?
Advanced Energy Solution Holding Co (TPE:6781) has a Altman Z-Score of 9.56 as of Jul. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Advanced Energy Solution Holding Co and its competitors. This is 12% below median its historical median of 10.85. Over the past decade, Advanced Energy Solution Holding Co's Altman Z-Score has ranged from 7.23 to 23.23. According to the industry distribution chart, Advanced Energy Solution Holding Co ranks #385 out of 3006 companies in the Industrial Products industry, placing it in the top 12.8%.
Is Advanced Energy Solution Holding Co's Altman Z-Score too high?
Advanced Energy Solution Holding Co's current Altman Z-Score of 9.56 is 12% below median its 10-year median of 10.85. Over the past 10 years, this metric has ranged from a low of 7.23 to a high of 23.23. The Industrial Products industry median Altman Z-Score is 3.38. Advanced Energy Solution Holding Co's value of 9.56 is 182.8% above this industry median. Based on the distribution chart, Advanced Energy Solution Holding Co ranks #385 out of 3006 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Advanced Energy Solution Holding Co has a GF Score™ of 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Advanced Energy Solution Holding Co's Altman Z-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Advanced Energy Solution Holding Co ranks #385 out of 3006 companies for Altman Z-Score. This places Advanced Energy Solution Holding Co in the top 13% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.38. Advanced Energy Solution Holding Co's value of 9.56 is 182.8% above this benchmark. Historically, Advanced Energy Solution Holding Co's own Altman Z-Score has ranged from 7.23 to 23.23 over the past decade. While the company's 10-year median is 10.85 vs. the industry median of 3.38, Advanced Energy Solution Holding Co 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 3.38, based on 3,006 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. Advanced Energy Solution Holding Co's current Altman Z-Score of 9.56 is 182.8% 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 Advanced Energy Solution Holding Co and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advanced Energy Solution Holding Co's current Altman Z-Score is 9.56, which is 12% below median its own 10-year median of 10.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advanced Energy Solution Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Advanced Energy Solution Holding Co (TPE:6781) is currently considered Fairly Valued. The stock's GF Value™ is NT$1,220.11, compared to a current price of NT$1,130.00 — trading 7.4% below its estimated fair value. The current Altman Z-Score is 9.56, which is 12% below median its 10-year median of 10.85 and 182.8% above the Industrial Products industry median of 3.38. Advanced Energy Solution Holding Co's overall GF Score™ is 98/100 with 1 warning sign 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 Advanced Energy Solution Holding Co (TPE:6781), the current Altman Z-Score is 9.56 as of Jul. 11, 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 Advanced Energy Solution Holding Co (TPE:6781) Overvalued in 2026?

Based on GuruFocus' analysis, Advanced Energy Solution Holding Co stock appears to be undervalued. The current stock price of NT$1,130.00 is trading 7.4% below its estimated GF Value™ of NT$1,220.11. GuruFocus considers Advanced Energy Solution Holding Co to be Fairly Valued.

Key valuation signals for TPE:6781:

  • Altman Z-Score: 9.56 (12% below median its 10-year median of 10.85)
  • GF Value™: NT$1,220.11 vs. price of NT$1,130.00 (7.4% below fair value)
  • GF Score™: 98/100 with 1 warning sign
  • Industry Position: 182.8% above the Industrial Products median (#385 of 3006)

No single metric tells the full story. See the TPE:6781 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Advanced Energy Solution Holding Co Business Description

Address Bade Road, 4th Floor, No. 656, Section 2, Hukou Township, Hsinchu, TWN, 303104
Advanced Energy Solution Holding Co Ltd is engaged in the production and sales of lithium battery modules and provides relevant after-sales services. The Group operates mainly in three regions - Taiwan, China, and the United States.
98GF Score

Get the complete analysis for TPE:6781

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

NT$1,130.00
Price
NT$1,220.11
GF Value