Wholetech System HitechROCO:3402 -3.92%75 Altman Z-Score is 3.26 as of Jul. 08, 2026, which is 23% above its 10-year median of 2.64. GuruFocus rates ROCO:3402 with a GF Score™ of 75/100 and a GF Value™ of NT$100.02 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 3,007 Industrial Products companies, Wholetech System Hitech ranks worse than 50.48% 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 3.35 is strong.
Wholetech System Hitech has a Altman Z-Score of 3.26, 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 Wholetech System Hitech's Altman Z-Score or its related term are showing as below:
ROCO:3402'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.84 Med: 2.64 Max: 3.35
Current: 3.35
During the past 13 years, Wholetech System Hitech's highest Altman Z-Score was 3.35. The lowest was 1.84. And the median was 2.64.
Wholetech System Hitech (ROCO:3402) 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.
ROCO:3402 vs GEV, ETN, PH: Altman Z-Score Comparison
For the Specialty Industrial Machinery subindustry, Wholetech System Hitech'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.
Wholetech System Hitech Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Wholetech System Hitech's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Wholetech System Hitech's Altman Z-Score falls into.
Wholetech System Hitech 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.
Wholetech System Hitech (ROCO:3402) has a Altman Z-Score of 3.26 as of Jul. 08, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Wholetech System Hitech and its competitors. This is 23% above median its historical median of 2.64. Over the past decade, Wholetech System Hitech's Altman Z-Score has ranged from 1.84 to 3.35. According to the industry distribution chart, Wholetech System Hitech ranks #1518 out of 3007 companies in the Industrial Products industry, placing it in the top 50.5%.
Is Wholetech System Hitech's Altman Z-Score too high?
Wholetech System Hitech's current Altman Z-Score of 3.26 is 23% above median its 10-year median of 2.64. Over the past 10 years, this metric has ranged from a low of 1.84 to a high of 3.35. The Industrial Products industry median Altman Z-Score is 3.38. Wholetech System Hitech's value of 3.26 is 3.6% below this industry median. Based on the distribution chart, Wholetech System Hitech ranks #1518 out of 3007 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Wholetech System Hitech has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wholetech System Hitech's Altman Z-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Wholetech System Hitech ranks #1518 out of 3007 companies for Altman Z-Score. This places Wholetech System Hitech in the lower half of its industry. The industry median Altman Z-Score is 3.38. Wholetech System Hitech's value of 3.26 is 3.6% below this benchmark. Historically, Wholetech System Hitech's own Altman Z-Score has ranged from 1.84 to 3.35 over the past decade. While the company's 10-year median is 2.64 vs. the industry median of 3.38, Wholetech System Hitech 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.38, based on 3,007 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. Wholetech System Hitech's current Altman Z-Score of 3.26 is 3.6% 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 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 Wholetech System Hitech and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wholetech System Hitech's current Altman Z-Score is 3.26, which is 23% above median its own 10-year median of 2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wholetech System Hitech stock overvalued right now?
Based on GuruFocus' analysis, Wholetech System Hitech (ROCO:3402) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$100.02, compared to a current price of NT$147.00 — trading 47% above its estimated fair value. The current Altman Z-Score is 3.26, which is 23% above median its 10-year median of 2.64 and 3.6% below the Industrial Products industry median of 3.38. Wholetech System Hitech's overall GF Score™ is 75/100 with 6 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 Wholetech System Hitech (ROCO:3402), the current Altman Z-Score is 3.26 as of Jul. 08, 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 Wholetech System Hitech (ROCO:3402) Overvalued in 2026?
Based on GuruFocus' analysis, Wholetech System Hitech stock appears to be overvalued.
The current stock price of NT$147.00 is trading 47% above its estimated GF Value™ of NT$100.02.
GuruFocus considers Wholetech System Hitech to be Significantly Overvalued.
Key valuation signals for ROCO:3402:
Altman Z-Score: 3.26 (23% above median its 10-year median of 2.64)
GF Value™: NT$100.02 vs. price of NT$147.00 (47% above fair value)
Industry Position: 3.6% below the Industrial Products median (#1518 of 3007)
No single metric tells the full story. See the ROCO:3402 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wholetech System Hitech Ltd is engaged in the design and construction of processing pipeline projects and clean room projects. It designs, plans, constructs, and tests Bulk Gas Systems, Specialty Gas Supply Systems, Pumping & Exhaust Piping System design and Gas cabinets, Gas Rack VMB, and VMP, among others.
75GF Score
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