JD Development CoROCO:4402 54 Altman Z-Score is 48.61 as of Jul. 12, 2026, which is 6381% above its 10-year median of 0.75. GuruFocus rates ROCO:4402 with a GF Score™ of 54/100 and a GF Value™ of NT$8.87 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,028 Manufacturing - Apparel & Accessories companies, JD Development Co ranks better than 98.74% 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 48.61 is strong.
JD Development Co has a Altman Z-Score of 48.61, 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 JD Development Co's Altman Z-Score or its related term are showing as below:
ROCO:4402'
s Altman Z-Score Range Over the Past 10 Years
Min: -1.25 Med: 0.75 Max: 64.94
Current: 48.61
During the past 13 years, JD Development Co's highest Altman Z-Score was 64.94. The lowest was -1.25. And the median was 0.75.
JD Development Co (ROCO:4402) 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.
Altman Z-Score does not apply to financial companies.
JD Development Co Altman Z-Score Related Terms
JD Development Co Altman Z-Score Historical Data
* Premium members only.
The historical data trend for JD Development 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.
JD Development Co Altman Z-Score Competitor Comparison
For the Textile Manufacturing subindustry, JD Development 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.
JD Development Co Altman Z-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, JD Development Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where JD Development Co's Altman Z-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.
JD Development 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
*
0.4414
+
1.4
*
-0.3934
+
3.3
*
-0.0145
+
0.6
*
81.0633
+
1.0
*
0.0388
=
48.61
* 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.
JD Development Co (ROCO:4402) has a Altman Z-Score of 48.61 as of Jul. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on JD Development Co and its competitors. This is 6381% above median its historical median of 0.75. According to the industry distribution chart, JD Development Co ranks #13 out of 1028 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 1.3%.
Is JD Development Co's Altman Z-Score too high?
JD Development Co's current Altman Z-Score of 48.61 is 6381% above median its 10-year median of 0.75. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.49. JD Development Co's value of 48.61 is 1852.2% above this industry median. Based on the distribution chart, JD Development Co ranks #13 out of 1028 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, JD Development Co has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JD Development Co's Altman Z-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, JD Development Co ranks #13 out of 1028 companies for Altman Z-Score. This places JD Development Co in the top 1% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.49. JD Development Co's value of 48.61 is 1852.2% above this benchmark. While the company's 10-year median is 0.75 vs. the industry median of 2.49, JD Development 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 Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.49, based on 1,028 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. JD Development Co's current Altman Z-Score of 48.61 is 1852.2% 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 JD Development Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JD Development Co's current Altman Z-Score is 48.61, which is 6381% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JD Development Co stock overvalued right now?
Based on GuruFocus' analysis, JD Development Co (ROCO:4402) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$8.87, compared to a current price of NT$16.00 — trading 80.4% above its estimated fair value. The current Altman Z-Score is 48.61, which is 6381% above median its 10-year median of 0.75 and 1852.2% above the Manufacturing - Apparel & Accessories industry median of 2.49. JD Development Co's overall GF Score™ is 54/100 with 2 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 JD Development Co (ROCO:4402), the current Altman Z-Score is 48.61 as of Jul. 12, 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 JD Development Co (ROCO:4402) Overvalued in 2026?
Based on GuruFocus' analysis, JD Development Co stock appears to be overvalued.
The current stock price of NT$16.00 is trading 80.4% above its estimated GF Value™ of NT$8.87.
GuruFocus considers JD Development Co to be Significantly Overvalued.
Key valuation signals for ROCO:4402:
Altman Z-Score: 48.61 (6381% above median its 10-year median of 0.75)
GF Value™: NT$8.87 vs. price of NT$16.00 (80.4% above fair value)
Industry Position: 1852.2% above the Manufacturing - Apparel & Accessories median (#13 of 1028)
No single metric tells the full story. See the ROCO:4402 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JD Development Co Ltd business activities are cotton woven fabric manufacturing, silk weaving, linen weaving, cotton weaving, woolen fabric wholesale and renewable energy power generation. The company has two segments Textile Department: mainly engaged in the manufacturing, trading, and processing of textile products; and Electricity Sales Department: mainly engaged in electricity generation from solar power equipment. The company generates majority of revenue from textile department segment. Its products are Textile, Green Energy, and Medical Materials. The company has presence in Taiwan and Asia. The company generates majority of revenue from Taiwan.
54GF Score
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