Soft-World International (ROCO:5478) Altman Z2-Score: 4.13 (As of Jul. 16, 2026) — 12% Below Median

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ROCO:5478 Soft-World International Corp ROCO:5478
77 GF Score
Price NT$100.50
GF Value NT$101.04
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Soft-World International Altman Z2-Score?

Soft-World International ROCO:5478 +0.70% 77 Altman Z2-Score is 4.13 as of Jul. 16, 2026, which is 12% below its 10-year median of 4.68. GuruFocus rates ROCO:5478 with a GF Score™ of 77/100 and a GF Value™ of NT$101.04 (Fairly Valued). The stock has 3 warning signs investors should review. Among 565 Interactive Media companies, Soft-World International ranks better than 51.15% 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:

Soft-World International has a Altman Z2-Score of 4.13, 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 Soft-World International's Altman Z2-Score or its related term are showing as below:

ROCO:5478' s Altman Z2-Score Range Over the Past 10 Years
Min: 4.13   Med: 4.68   Max: 5.24
Current: 4.13

During the past 13 years, Soft-World International's highest Altman Z2-Score was 5.24. The lowest was 4.13. And the median was 4.68.


Soft-World International  (ROCO:5478) 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.

X4_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


Soft-World International Altman Z2-Score Related Terms


Soft-World International Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Soft-World International'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.

Soft-World International Altman Z2-Score Chart

Soft-World International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.63 4.36 4.40 4.36 4.13

Soft-World International Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Altman Z2-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 4.36 3.67 4.00 4.28 4.13

ROCO:5478 vs NTES, EA, TTWO: Altman Z2-Score Comparison

For the Electronic Gaming & Multimedia subindustry, Soft-World International'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.


Soft-World International Altman Z2-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Soft-World International's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Soft-World International's Altman Z2-Score falls into.


ROCO:5478
77GF Score
Soft-World International Corp ROCO:5478
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Soft-World International 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.

Soft-World International'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*0.3287+3.26*0.1408+6.72*0.078+1.05*0.9412
=4.13

* 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.

Trailing Twelve Months (TTM) ended in Dec. 2025:
Total Assets was NT$19,684 Mil.
Total Current Assets was NT$15,670 Mil.
Total Current Liabilities was NT$9,199 Mil.
Retained Earnings was NT$2,772 Mil.
Pre-Tax Income was 419.605 + 330.872 + 477.335 + 305.396 = NT$1,533 Mil.
Interest Expense was -0.436 + -0.486 + -0.47 + -0.36 = NT$-2 Mil.
Total Liabilities was NT$9,488 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
=(15670.089 - 9199.435)/19683.666
=0.3287

X2=Retained Earnings/Total Assets
=2771.955/19683.666
=0.1408

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1533.208 - -1.752)/19683.666
=0.078

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(8930.152 - 0)/9488.168
=0.9412

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

Soft-World International has a Altman Z2-Score of 4.13 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 4.13 mean?
Soft-World International (ROCO:5478) has a Altman Z2-Score of 4.13 as of Jul. 16, 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 Soft-World International and its competitors. This is 12% below median its historical median of 4.68. Over the past decade, Soft-World International's Altman Z2-Score has ranged from 4.13 to 5.24. According to the industry distribution chart, Soft-World International ranks #276 out of 565 companies in the Interactive Media industry, placing it in the top 48.8%.
Is Soft-World International's Altman Z2-Score too high?
Soft-World International's current Altman Z2-Score of 4.13 is 12% below median its 10-year median of 4.68. Over the past 10 years, this metric has ranged from a low of 4.13 to a high of 5.24. The Interactive Media industry median Altman Z2-Score is 4.06. Soft-World International's value of 4.13 is 1.7% above this industry median. Based on the distribution chart, Soft-World International ranks #276 out of 565 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Soft-World International has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Soft-World International's Altman Z2-Score compare to NTES and EA?
According to the Interactive Media industry distribution chart, Soft-World International ranks #276 out of 565 companies for Altman Z2-Score. This puts Soft-World International in the upper half of its industry. The industry median Altman Z2-Score is 4.06. Soft-World International's value of 4.13 is 1.7% above this benchmark. Historically, Soft-World International's own Altman Z2-Score has ranged from 4.13 to 5.24 over the past decade. While the company's 10-year median is 4.68 vs. the industry median of 4.06, Soft-World International 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 Z2-Score for an Interactive Media company?
The median Altman Z2-Score among Interactive Media companies is 4.06, based on 565 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. Soft-World International's current Altman Z2-Score of 4.13 is 1.7% 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 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 Soft-World International and its competitors. For the Interactive Media industry, the median Altman Z2-Score is 4.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Soft-World International's current Altman Z2-Score is 4.13, which is 12% below median its own 10-year median of 4.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Soft-World International stock overvalued right now?
Based on GuruFocus' analysis, Soft-World International (ROCO:5478) is currently considered Fairly Valued. The stock's GF Value™ is NT$101.04, compared to a current price of NT$100.50 — trading 0.5% below its estimated fair value. The current Altman Z2-Score is 4.13, which is 12% below median its 10-year median of 4.68 and 1.7% above the Interactive Media industry median of 4.06. Soft-World International's overall GF Score™ is 77/100 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 Soft-World International (ROCO:5478), the current Altman Z2-Score is 4.13 as of Jul. 16, 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 Soft-World International (ROCO:5478) Overvalued in 2026?

Based on GuruFocus' analysis, Soft-World International stock appears to be undervalued. The current stock price of NT$100.50 is trading 0.5% below its estimated GF Value™ of NT$101.04. GuruFocus considers Soft-World International to be Fairly Valued.

Key valuation signals for ROCO:5478:

  • Altman Z2-Score: 4.13 (12% below median its 10-year median of 4.68)
  • GF Value™: NT$101.04 vs. price of NT$100.50 (0.5% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 1.7% above the Interactive Media median (#276 of 565)

No single metric tells the full story. See the ROCO:5478 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Soft-World International Business Description

Address No. 61, Minzhuang Road, 13th floor, Chianjen Chiu, Kaohsiung, TWN, 806
Soft-World International Corp is engaged in the digital content point service platforms, production and publication of computer game magazines, commercial advertising services and the retail sale of entertainment products and accessories for game software. The Corporation also acts as an agent for games and commercial software. Its segments include Soft-World; Chinese Gamer International Corporation; Game Flier International Corporation; Neweb Technologies; Efun Corporation; and Others. It operates in China, Taiwan and other countries. The company derives maximum revenue from Soft-World International Corporation segment.
77GF Score

Get the complete analysis for ROCO:5478

Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$100.50
Price
NT$101.04
GF Value