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Kwang Ming Silk Mill CoROCO:4420 -1.11%64 Altman Z-Score is 4.60 as of Jul. 19, 2026, which is 63% above its 10-year median of 2.83. GuruFocus rates ROCO:4420 with a GF Score™ of 64/100 and a GF Value™ of NT$75.13 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,032 Manufacturing - Apparel & Accessories companies, Kwang Ming Silk Mill Co ranks better than 78.29% 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 4.6 is strong.
Kwang Ming Silk Mill Co has a Altman Z-Score of 4.60, 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 Kwang Ming Silk Mill Co's Altman Z-Score or its related term are showing as below:
ROCO:4420'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.03 Med: 2.83 Max: 5.82
Current: 4.6
During the past 13 years, Kwang Ming Silk Mill Co's highest Altman Z-Score was 5.82. The lowest was 1.03. And the median was 2.83.
Kwang Ming Silk Mill Co (ROCO:4420) 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.
Kwang Ming Silk Mill Co Altman Z-Score Competitor Comparison
For the Textile Manufacturing subindustry, Kwang Ming Silk Mill 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.
Kwang Ming Silk Mill Co Altman Z-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kwang Ming Silk Mill Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Kwang Ming Silk Mill Co's Altman Z-Score falls into.
Kwang Ming Silk Mill Co 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.
Kwang Ming Silk Mill Co (ROCO:4420) has a Altman Z-Score of 4.60 as of Jul. 19, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Kwang Ming Silk Mill Co and its competitors. This is 63% above median its historical median of 2.83. Over the past decade, Kwang Ming Silk Mill Co's Altman Z-Score has ranged from 1.03 to 5.82. According to the industry distribution chart, Kwang Ming Silk Mill Co ranks #224 out of 1032 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 21.7%.
Is Kwang Ming Silk Mill Co's Altman Z-Score too high?
Kwang Ming Silk Mill Co's current Altman Z-Score of 4.60 is 63% above median its 10-year median of 2.83. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 5.82. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.48. Kwang Ming Silk Mill Co's value of 4.60 is 85.5% above this industry median. Based on the distribution chart, Kwang Ming Silk Mill Co ranks #224 out of 1032 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Kwang Ming Silk Mill Co has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kwang Ming Silk Mill Co's Altman Z-Score compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Kwang Ming Silk Mill Co ranks #224 out of 1032 companies for Altman Z-Score. This places Kwang Ming Silk Mill Co in the top 22% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.48. Kwang Ming Silk Mill Co's value of 4.60 is 85.5% above this benchmark. Historically, Kwang Ming Silk Mill Co's own Altman Z-Score has ranged from 1.03 to 5.82 over the past decade. While the company's 10-year median is 2.83 vs. the industry median of 2.48, Kwang Ming Silk Mill 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 2.48, based on 1,032 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. Kwang Ming Silk Mill Co's current Altman Z-Score of 4.60 is 85.5% 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 Kwang Ming Silk Mill Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kwang Ming Silk Mill Co's current Altman Z-Score is 4.60, which is 63% above median its own 10-year median of 2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kwang Ming Silk Mill Co stock overvalued right now?
Based on GuruFocus' analysis, Kwang Ming Silk Mill Co (ROCO:4420) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$75.13, compared to a current price of NT$35.60 — trading 52.6% below its estimated fair value. The current Altman Z-Score is 4.60, which is 63% above median its 10-year median of 2.83 and 85.5% above the Manufacturing - Apparel & Accessories industry median of 2.48. Kwang Ming Silk Mill Co's overall GF Score™ is 64/100 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 Kwang Ming Silk Mill Co (ROCO:4420), the current Altman Z-Score is 4.60 as of Jul. 19, 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 Kwang Ming Silk Mill Co (ROCO:4420) Overvalued in 2026?
Based on GuruFocus' analysis, Kwang Ming Silk Mill Co stock appears to be undervalued.
The current stock price of NT$35.60 is trading 52.6% below its estimated GF Value™ of NT$75.13.
GuruFocus considers Kwang Ming Silk Mill Co to be Significantly Undervalued.
Key valuation signals for ROCO:4420:
Altman Z-Score: 4.60 (63% above median its 10-year median of 2.83)
GF Value™: NT$75.13 vs. price of NT$35.60 (52.6% below fair value)
Industry Position: 85.5% above the Manufacturing - Apparel & Accessories median (#224 of 1032)
No single metric tells the full story. See the ROCO:4420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kwang Ming Silk Mill Co Ltd is mainly engaged in the textile industry, including the manufacture of man-made fibers, dyeing and weaving of fabrics, and the purchase and sale of raw materials, supplies, and finished goods related to fabrics. The Company is also involved in real estate leasing, as well as industrial factory development and rental. It operates through two reportable segments: the Fiber segment, which generates the maximum revenue and is engaged in the manufacture and trading of textured yarn, and the Real Estate Development segment, which focuses on housing, commercial buildings, and factory development and rental.
64GF Score
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