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 2.28 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Arizon RFID Technology (Cayman) Co has a Altman Z-Score of 2.29, indicating it is in Grey Zones. This implies that Arizon RFID Technology (Cayman) Co is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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.
TPE:6863'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.28 Med: 5.38 Max: 7.52
Current: 2.28
During the past 6 years, Arizon RFID Technology (Cayman) Co's highest Altman Z-Score was 7.52. The lowest was 2.28. And the median was 5.38.
Arizon RFID Technology (Cayman) Co (TPE:6863) 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.
Arizon RFID Technology (Cayman) Co Altman Z-Score Chart
For the Electronic Components subindustry, Arizon RFID Technology (Cayman) 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.
Arizon RFID Technology (Cayman) Co Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, Arizon RFID Technology (Cayman) Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Arizon RFID Technology (Cayman) Co's Altman Z-Score falls into.
Arizon RFID Technology (Cayman) 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.
Arizon RFID Technology (Cayman) Co (TPE:6863) has a Altman Z-Score of 2.29 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Arizon RFID Technology (Cayman) Co and its competitors. This is 57% below median its historical median of 5.38. Over the past decade, Arizon RFID Technology (Cayman) Co's Altman Z-Score has ranged from 2.28 to 7.52. According to the industry distribution chart, Arizon RFID Technology (Cayman) Co ranks #1747 out of 2456 companies in the Hardware industry, placing it in the top 71.1%.
Is Arizon RFID Technology (Cayman) Co's Altman Z-Score too high?
Arizon RFID Technology (Cayman) Co's current Altman Z-Score of 2.29 is 57% below median its 10-year median of 5.38. Over the past 10 years, this metric has ranged from a low of 2.28 to a high of 7.52. The Hardware industry median Altman Z-Score is 3.59. Arizon RFID Technology (Cayman) Co's value of 2.29 is 36.2% below this industry median. Based on the distribution chart, Arizon RFID Technology (Cayman) Co ranks #1747 out of 2456 companies in the Hardware industry, which is below the industry midpoint. Overall, Arizon RFID Technology (Cayman) Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Arizon RFID Technology (Cayman) Co's Altman Z-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Arizon RFID Technology (Cayman) Co ranks #1747 out of 2456 companies for Altman Z-Score. This places Arizon RFID Technology (Cayman) Co in the lower half of its industry. The industry median Altman Z-Score is 3.59. Arizon RFID Technology (Cayman) Co's value of 2.29 is 36.2% below this benchmark. Historically, Arizon RFID Technology (Cayman) Co's own Altman Z-Score has ranged from 2.28 to 7.52 over the past decade. While the company's 10-year median is 5.38 vs. the industry median of 3.59, Arizon RFID Technology (Cayman) 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.59, 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. Arizon RFID Technology (Cayman) Co's current Altman Z-Score of 2.29 is 36.2% 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 Arizon RFID Technology (Cayman) Co and its competitors. For the Hardware industry, the median Altman Z-Score is 3.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arizon RFID Technology (Cayman) Co's current Altman Z-Score is 2.29, which is 57% below median its own 10-year median of 5.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arizon RFID Technology (Cayman) Co stock overvalued right now?
Based on GuruFocus' analysis, Arizon RFID Technology (Cayman) Co (TPE:6863) is currently considered Possible Value Trap. The stock's GF Value™ is NT$262.60, compared to a current price of NT$91.20 — trading 65.3% below its estimated fair value. The current Altman Z-Score is 2.29, which is 57% below median its 10-year median of 5.38 and 36.2% below the Hardware industry median of 3.59. Arizon RFID Technology (Cayman) Co's overall GF Score™ is 60/100 with 10 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 Arizon RFID Technology (Cayman) Co (TPE:6863), the current Altman Z-Score is 2.29 as of Jul. 03, 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 Arizon RFID Technology (Cayman) Co (TPE:6863) Overvalued in 2026?
Based on GuruFocus' analysis, Arizon RFID Technology (Cayman) Co stock appears to be undervalued.
The current stock price of NT$91.20 is trading 65.3% below its estimated GF Value™ of NT$262.60.
GuruFocus considers Arizon RFID Technology (Cayman) Co to be Possible Value Trap.
Key valuation signals for TPE:6863:
Altman Z-Score: 2.29 (57% below median its 10-year median of 5.38)
GF Value™: NT$262.60 vs. price of NT$91.20 (65.3% below fair value)
Industry Position: 36.2% below the Hardware median (#1747 of 2456)
No single metric tells the full story. See the TPE:6863 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arizon RFID Technology (Cayman) Co Business Description
Arizon RFID Technology (Cayman) Co Ltd is engaged in the design, development, manufacture, and trading of radio-frequency identification (RFID) systems. Its products are RFID tags and ARC products. Its solutions include RFID Intelligent Forklift, RFID Supplier Material Management Platform, RFID Asset Management System, and RFID & ANPR Smart Parking System. Its products and solutions are used in various applications, including Fashion Retail, General Retail, Logistics, Food, Enterprise Documents Management, Medical, Beauty and Personal Care, Automobile and Tire, Aviation, Industrial Manufacturing, NFC, and Innovative Applications. Geographically, it operates in Taiwan, Mainland China, United States, and others, with the majority of revenue generated from Mainland China.
60GF Score
Get the complete analysis for TPE:6863
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:6863 has been successfully added to your 
