Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Jong Shyn Shipbuilding CoROCO:2644 -0.36%54 Altman Z2-Score is 1.49 as of Jul. 23, 2026, which is 77% above its 10-year median of 0.84. GuruFocus rates ROCO:2644 with a GF Score™ of 54/100 and a GF Value™ of NT$131.51 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 346 Aerospace & Defense companies, Jong Shyn Shipbuilding Co ranks worse than 73.41% on this metric.
Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.
Jong Shyn Shipbuilding Co has a Altman Z2-Score of 1.49, indicating it is in Grey Zones. This implies that Jong Shyn Shipbuilding Co is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.
The zones of discrimination were as such:
When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.
The historical rank and industry rank for Jong Shyn Shipbuilding Co's Altman Z2-Score or its related term are showing as below:
ROCO:2644'
s Altman Z2-Score Range Over the Past 10 Years
Min: 0.33 Med: 0.84 Max: 1.49
Current: 1.49
During the past 7 years, Jong Shyn Shipbuilding Co's highest Altman Z2-Score was 1.49. The lowest was 0.33. And the median was 0.84.
Jong Shyn Shipbuilding Co (ROCO:2644) Altman Z2-Score Explanation
The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.
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.
* 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.
ROCO:2644 vs SPCX, GE, RTX: Altman Z2-Score Comparison
For the Aerospace & Defense subindustry, Jong Shyn Shipbuilding Co's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.
Jong Shyn Shipbuilding Co Altman Z2-Score vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Jong Shyn Shipbuilding Co's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Jong Shyn Shipbuilding Co's Altman Z2-Score falls into.
Jong Shyn Shipbuilding Co Altman Z2-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.
Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.
* 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 Z2-Score when X4_2 value is 0.
Jong Shyn Shipbuilding Co (ROCO:2644) has a Altman Z2-Score of 1.49 as of Jul. 23, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Jong Shyn Shipbuilding Co and its competitors. This is 77% above median its historical median of 0.84. Over the past decade, Jong Shyn Shipbuilding Co's Altman Z2-Score has ranged from 0.33 to 1.49. According to the industry distribution chart, Jong Shyn Shipbuilding Co ranks #254 out of 346 companies in the Aerospace & Defense industry, placing it in the top 73.4%.
Is Jong Shyn Shipbuilding Co's Altman Z2-Score too high?
Jong Shyn Shipbuilding Co's current Altman Z2-Score of 1.49 is 77% above median its 10-year median of 0.84. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 1.49. The Aerospace & Defense industry median Altman Z2-Score is 3.21. Jong Shyn Shipbuilding Co's value of 1.49 is 53.6% below this industry median. Based on the distribution chart, Jong Shyn Shipbuilding Co ranks #254 out of 346 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Jong Shyn Shipbuilding Co has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Jong Shyn Shipbuilding Co's Altman Z2-Score compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Jong Shyn Shipbuilding Co ranks #254 out of 346 companies for Altman Z2-Score. This places Jong Shyn Shipbuilding Co in the lower half of its industry. The industry median Altman Z2-Score is 3.21. Jong Shyn Shipbuilding Co's value of 1.49 is 53.6% below this benchmark. Historically, Jong Shyn Shipbuilding Co's own Altman Z2-Score has ranged from 0.33 to 1.49 over the past decade. While the company's 10-year median is 0.84 vs. the industry median of 3.21, Jong Shyn Shipbuilding 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 Z2-Score for an Aerospace & Defense company?
The median Altman Z2-Score among Aerospace & Defense companies is 3.21, based on 346 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Jong Shyn Shipbuilding Co's current Altman Z2-Score of 1.49 is 53.6% 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 Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Jong Shyn Shipbuilding Co and its competitors. For the Aerospace & Defense industry, the median Altman Z2-Score is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jong Shyn Shipbuilding Co's current Altman Z2-Score is 1.49, which is 77% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jong Shyn Shipbuilding Co stock overvalued right now?
Based on GuruFocus' analysis, Jong Shyn Shipbuilding Co (ROCO:2644) is currently considered Possible Value Trap. The stock's GF Value™ is NT$131.51, compared to a current price of NT$83.90 — trading 36.2% below its estimated fair value. The current Altman Z2-Score is 1.49, which is 77% above median its 10-year median of 0.84 and 53.6% below the Aerospace & Defense industry median of 3.21. Jong Shyn Shipbuilding Co's overall GF Score™ is 54/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Jong Shyn Shipbuilding Co (ROCO:2644), the current Altman Z2-Score is 1.49 as of Jul. 23, 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 Jong Shyn Shipbuilding Co (ROCO:2644) Overvalued in 2026?
Based on GuruFocus' analysis, Jong Shyn Shipbuilding Co stock appears to be undervalued.
The current stock price of NT$83.90 is trading 36.2% below its estimated GF Value™ of NT$131.51.
GuruFocus considers Jong Shyn Shipbuilding Co to be Possible Value Trap.
Key valuation signals for ROCO:2644:
Altman Z2-Score: 1.49 (77% above median its 10-year median of 0.84)
GF Value™: NT$131.51 vs. price of NT$83.90 (36.2% below fair value)
Industry Position: 53.6% below the Aerospace & Defense median (#254 of 346)
No single metric tells the full story. See the ROCO:2644 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jong Shyn Shipbuilding Co Ltd is engaged in the manufacturing and sale of ship vessels. The construction categories include patrol ships, lifeguard boats, passenger ships, oil and chemical tankers, high-tech research vessels, ultra-low temperature fridge vessels, yachts, and all kinds of fishing boats and others. Its services include Shipbuilding; Ship and Yacht repairing; Shaft Processing and Yacht Maintenance.
54GF Score
Get the complete analysis for ROCO:2644
Altman Z2-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
ROCO:2644 has been successfully added to your 
