PharmaEngineROCO:4162 -0.16%78 Altman Z2-Score is 31.19 as of Jul. 07, 2026, which is 2% below its 10-year median of 31.78. GuruFocus rates ROCO:4162 with a GF Score™ of 78/100 and a GF Value™ of NT$115.25 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,390 Biotechnology companies, PharmaEngine ranks better than 96.47% 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.
Good Sign:
PharmaEngine has a Altman Z2-Score of 31.19, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.
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 PharmaEngine's Altman Z2-Score or its related term are showing as below:
ROCO:4162'
s Altman Z2-Score Range Over the Past 10 Years
Min: 22.37 Med: 31.78 Max: 55.15
Current: 31.19
During the past 13 years, PharmaEngine's highest Altman Z2-Score was 55.15. The lowest was 22.37. And the median was 31.78.
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.
Altman Z2-Score does not apply to financial companies.
PharmaEngine Altman Z2-Score Related Terms
PharmaEngine Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for PharmaEngine's Altman Z2-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.
ROCO:4162 vs VRTX, REGN, ALNY: Altman Z2-Score Comparison
For the Biotechnology subindustry, PharmaEngine'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.
PharmaEngine Altman Z2-Score vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, PharmaEngine's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where PharmaEngine's Altman Z2-Score falls into.
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.
PharmaEngine's Altman Z2-Score for today is calculated with this formula:
Z
=
6.56
*
X1
+
3.26
*
X2
+
6.72
*
X3
+
1.05
*
X4_2
=
6.56
*
0.9515
+
3.26
*
0.2879
+
6.72
*
0.099
+
1.05
*
22.2295
=
31.19
* 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.
PharmaEngine (ROCO:4162) has a Altman Z2-Score of 31.19 as of Jul. 07, 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 PharmaEngine and its competitors. This is near median its historical median of 31.78. Over the past decade, PharmaEngine's Altman Z2-Score has ranged from 22.37 to 55.15. According to the industry distribution chart, PharmaEngine ranks #49 out of 1390 companies in the Biotechnology industry, placing it in the top 3.5%.
Is PharmaEngine's Altman Z2-Score too high?
PharmaEngine's current Altman Z2-Score of 31.19 is near median its 10-year median of 31.78. Over the past 10 years, this metric has ranged from a low of 22.37 to a high of 55.15. Based on the distribution chart, PharmaEngine ranks #49 out of 1390 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, PharmaEngine has a GF Score™ of 78/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PharmaEngine's Altman Z2-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, PharmaEngine ranks #49 out of 1390 companies for Altman Z2-Score. This places PharmaEngine in the top 4% of its industry — outperforming the majority of peers. Historically, PharmaEngine's own Altman Z2-Score has ranged from 22.37 to 55.15 over the past decade. 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 a Biotechnology company?
A good Altman Z2-Score depends on the Biotechnology industry context. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 PharmaEngine and its competitors. PharmaEngine's current Altman Z2-Score is 31.19, which is near median its own 10-year median of 31.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PharmaEngine stock overvalued right now?
Based on GuruFocus' analysis, PharmaEngine (ROCO:4162) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$115.25, compared to a current price of NT$63.60 — trading 44.8% below its estimated fair value. The current Altman Z2-Score is 31.19, which is near median its 10-year median of 31.78. PharmaEngine's overall GF Score™ is 78/100 with 3 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 PharmaEngine (ROCO:4162), the current Altman Z2-Score is 31.19 as of Jul. 07, 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 PharmaEngine (ROCO:4162) Overvalued in 2026?
Based on GuruFocus' analysis, PharmaEngine stock appears to be undervalued.
The current stock price of NT$63.60 is trading 44.8% below its estimated GF Value™ of NT$115.25.
GuruFocus considers PharmaEngine to be Significantly Undervalued.
Key valuation signals for ROCO:4162:
Altman Z2-Score: 31.19 (near median its 10-year median of 31.78)
GF Value™: NT$115.25 vs. price of NT$63.60 (44.8% below fair value)
No single metric tells the full story. See the ROCO:4162 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PharmaEngine Inc is a biopharmaceutical company engaged in the development of new drugs and therapeutic drugs for cancer. It is a specialty pharma company that adopts the no research, development-only model and the networked pharma model for new drug development. Its key products and pipeline projects include ONIVYDE, a treatment for metastatic pancreatic cancer approved in multiple markets, as well as oncology candidates such as PEP07 and PEP08. It generates revenue from the sales of goods.
78GF Score
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