Vetnostrum Animal Health Co (TPE:6936) Altman Z-Score: 6.50 (As of Jul. 06, 2026) — Near Median


TPE:6936 Vetnostrum Animal Health Co Ltd TPE:6936
67 GF Score
Price NT$33.00
GF Value NT$39.80
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Vetnostrum Animal Health Co Altman Z-Score?

Vetnostrum Animal Health Co TPE:6936 +0.30% 67 Altman Z-Score is 6.50 as of Jul. 06, 2026, which is 2% below its 10-year median of 6.65. GuruFocus rates TPE:6936 with a GF Score™ of 67/100 and a GF Value™ of NT$39.80 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,930 Consumer Packaged Goods companies, Vetnostrum Animal Health Co ranks better than 83.32% 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 6.48 is strong.

Vetnostrum Animal Health Co has a Altman Z-Score of 6.50, 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 Vetnostrum Animal Health Co's Altman Z-Score or its related term are showing as below:

TPE:6936' s Altman Z-Score Range Over the Past 10 Years
Min: 6.48   Med: 6.65   Max: 6.93
Current: 6.48

During the past 8 years, Vetnostrum Animal Health Co's highest Altman Z-Score was 6.93. The lowest was 6.48. And the median was 6.65.


Vetnostrum Animal Health Co  (TPE:6936) 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.


Vetnostrum Animal Health Co Altman Z-Score Related Terms


Vetnostrum Animal Health Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Vetnostrum Animal Health 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.

Vetnostrum Animal Health Co Altman Z-Score Chart

Vetnostrum Animal Health Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial 0.00 0.00 6.63 6.65 6.93

Vetnostrum Animal Health Co Quarterly Data
Dec18 Dec19 Dec20 Dec21 Jun22 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 6.65 7.95 6.20 7.43 6.93

TPE:6936 vs ADM, BG, TSN: Altman Z-Score Comparison

For the Farm Products subindustry, Vetnostrum Animal Health 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.


Vetnostrum Animal Health Co Altman Z-Score vs Consumer Packaged Goods Industry

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

* The bar in red indicates where Vetnostrum Animal Health Co's Altman Z-Score falls into.


TPE:6936
67GF Score
Vetnostrum Animal Health Co Ltd TPE:6936
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Vetnostrum Animal Health 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.

Vetnostrum Animal Health 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*0.4181+1.4*0.1881+3.3*0.0959+0.6*7.6088+1.0*0.849
=6.50

* 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$1,668 Mil.
Total Current Assets was NT$993 Mil.
Total Current Liabilities was NT$295 Mil.
Retained Earnings was NT$314 Mil.
Pre-Tax Income was 54.948 + 40.624 + 20.786 + 43.031 = NT$159 Mil.
Interest Expense was -0.099 + -0.099 + -0.125 + -0.238 = NT$-1 Mil.
Revenue was 372.685 + 375.169 + 327.512 + 340.756 = NT$1,416 Mil.
Market Cap (Today) was NT$2,403 Mil.
Total Liabilities was NT$316 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
=(992.827 - 295.429)/1667.996
=0.4181

X2=Retained Earnings/Total Assets
=313.739/1667.996
=0.1881

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(159.389 - -0.561)/1667.996
=0.0959

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=2402.532/315.757
=7.6088

X5=Revenue/Total Assets
=1416.122/1667.996
=0.849

The zones of discrimination were as such:

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

Vetnostrum Animal Health Co has a Altman Z-Score of 6.50 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 6.50 mean?
Vetnostrum Animal Health Co (TPE:6936) has a Altman Z-Score of 6.50 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Vetnostrum Animal Health Co and its competitors. This is near median its historical median of 6.65. Over the past decade, Vetnostrum Animal Health Co's Altman Z-Score has ranged from 6.48 to 6.93. According to the industry distribution chart, Vetnostrum Animal Health Co ranks #322 out of 1930 companies in the Consumer Packaged Goods industry, placing it in the top 16.7%.
Is Vetnostrum Animal Health Co's Altman Z-Score too high?
Vetnostrum Animal Health Co's current Altman Z-Score of 6.50 is near median its 10-year median of 6.65. Over the past 10 years, this metric has ranged from a low of 6.48 to a high of 6.93. The Consumer Packaged Goods industry median Altman Z-Score is 2.86. Vetnostrum Animal Health Co's value of 6.50 is 127.3% above this industry median. Based on the distribution chart, Vetnostrum Animal Health Co ranks #322 out of 1930 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Vetnostrum Animal Health Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vetnostrum Animal Health Co's Altman Z-Score compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Vetnostrum Animal Health Co ranks #322 out of 1930 companies for Altman Z-Score. This places Vetnostrum Animal Health Co in the top 17% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.86. Vetnostrum Animal Health Co's value of 6.50 is 127.3% above this benchmark. Historically, Vetnostrum Animal Health Co's own Altman Z-Score has ranged from 6.48 to 6.93 over the past decade. While the company's 10-year median is 6.65 vs. the industry median of 2.86, Vetnostrum Animal Health 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 a Consumer Packaged Goods company?
The median Altman Z-Score among Consumer Packaged Goods companies is 2.86, based on 1,930 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. Vetnostrum Animal Health Co's current Altman Z-Score of 6.50 is 127.3% 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 Vetnostrum Animal Health Co and its competitors. For the Consumer Packaged Goods industry, the median Altman Z-Score is 2.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vetnostrum Animal Health Co's current Altman Z-Score is 6.50, which is near median its own 10-year median of 6.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vetnostrum Animal Health Co stock overvalued right now?
Based on GuruFocus' analysis, Vetnostrum Animal Health Co (TPE:6936) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$39.80, compared to a current price of NT$33.00 — trading 17.1% below its estimated fair value. The current Altman Z-Score is 6.50, which is near median its 10-year median of 6.65 and 127.3% above the Consumer Packaged Goods industry median of 2.86. Vetnostrum Animal Health Co's overall GF Score™ is 67/100 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 Vetnostrum Animal Health Co (TPE:6936), the current Altman Z-Score is 6.50 as of Jul. 06, 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 Vetnostrum Animal Health Co (TPE:6936) Overvalued in 2026?

Based on GuruFocus' analysis, Vetnostrum Animal Health Co stock appears to be undervalued. The current stock price of NT$33.00 is trading 17.1% below its estimated GF Value™ of NT$39.80. GuruFocus considers Vetnostrum Animal Health Co to be Modestly Undervalued.

Key valuation signals for TPE:6936:

  • Altman Z-Score: 6.50 (near median its 10-year median of 6.65)
  • GF Value™: NT$39.80 vs. price of NT$33.00 (17.1% below fair value)
  • GF Score™: 67/100 with 1 warning sign
  • Industry Position: 127.3% above the Consumer Packaged Goods median (#322 of 1930)

No single metric tells the full story. See the TPE:6936 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vetnostrum Animal Health Co Business Description

Address Chung Lun, No. 290-3, Chung Lun Village, Hsinfeng, Hsinchu County, Hsinchu, TWN, 30422
Vetnostrum Animal Health Co Ltd is mainly engaged in importing, manufacturing, and selling pharmaceuticals and nutrition supplements for animals, feed additives, and feed. It derives a majority of its revenue from the sale of animal pharmaceuticals, medicated feed additives, and feeds and the rendering of drug testing services. Geographically, the company derives maximum revenue from Taiwan, followed by the USA, Malaysia, and other countries.
67GF Score

Get the complete analysis for TPE:6936

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

NT$33.00
Price
NT$39.80
GF Value