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Tah Kong Chemical IndustrialROCO:4706 68 Altman Z-Score is 11.73 as of Jul. 22, 2026, which is 92% above its 10-year median of 6.11. GuruFocus rates ROCO:4706 with a GF Score™ of 68/100 and a GF Value™ of NT$28.11 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,560 Chemicals companies, Tah Kong Chemical Industrial ranks better than 89.68% 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 11.89 is strong.
Tah Kong Chemical Industrial has a Altman Z-Score of 11.73, 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 Tah Kong Chemical Industrial's Altman Z-Score or its related term are showing as below:
ROCO:4706'
s Altman Z-Score Range Over the Past 10 Years
Min: 4.74 Med: 6.11 Max: 11.89
Current: 11.89
During the past 13 years, Tah Kong Chemical Industrial's highest Altman Z-Score was 11.89. The lowest was 4.74. And the median was 6.11.
Tah Kong Chemical Industrial (ROCO:4706) 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:4706 vs LIN, SHW, ECL: Altman Z-Score Comparison
For the Specialty Chemicals subindustry, Tah Kong Chemical Industrial'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.
Tah Kong Chemical Industrial Altman Z-Score vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Tah Kong Chemical Industrial's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Tah Kong Chemical Industrial's Altman Z-Score falls into.
Tah Kong Chemical Industrial 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.
Tah Kong Chemical Industrial (ROCO:4706) has a Altman Z-Score of 11.73 as of Jul. 22, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Tah Kong Chemical Industrial and its competitors. This is 92% above median its historical median of 6.11. Over the past decade, Tah Kong Chemical Industrial's Altman Z-Score has ranged from 4.74 to 11.89. According to the industry distribution chart, Tah Kong Chemical Industrial ranks #161 out of 1560 companies in the Chemicals industry, placing it in the top 10.3%.
Is Tah Kong Chemical Industrial's Altman Z-Score too high?
Tah Kong Chemical Industrial's current Altman Z-Score of 11.73 is 92% above median its 10-year median of 6.11. Over the past 10 years, this metric has ranged from a low of 4.74 to a high of 11.89. The Chemicals industry median Altman Z-Score is 3.08. Tah Kong Chemical Industrial's value of 11.73 is 281.5% above this industry median. Based on the distribution chart, Tah Kong Chemical Industrial ranks #161 out of 1560 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Tah Kong Chemical Industrial has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tah Kong Chemical Industrial's Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, Tah Kong Chemical Industrial ranks #161 out of 1560 companies for Altman Z-Score. This places Tah Kong Chemical Industrial in the top 10% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.08. Tah Kong Chemical Industrial's value of 11.73 is 281.5% above this benchmark. Historically, Tah Kong Chemical Industrial's own Altman Z-Score has ranged from 4.74 to 11.89 over the past decade. While the company's 10-year median is 6.11 vs. the industry median of 3.08, Tah Kong Chemical Industrial 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.08, based on 1,560 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. Tah Kong Chemical Industrial's current Altman Z-Score of 11.73 is 281.5% 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 Tah Kong Chemical Industrial and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tah Kong Chemical Industrial's current Altman Z-Score is 11.73, which is 92% above median its own 10-year median of 6.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tah Kong Chemical Industrial stock overvalued right now?
Based on GuruFocus' analysis, Tah Kong Chemical Industrial (ROCO:4706) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$28.11, compared to a current price of NT$32.00 — trading 13.8% above its estimated fair value. The current Altman Z-Score is 11.73, which is 92% above median its 10-year median of 6.11 and 281.5% above the Chemicals industry median of 3.08. Tah Kong Chemical Industrial's overall GF Score™ is 68/100 with 7 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 Tah Kong Chemical Industrial (ROCO:4706), the current Altman Z-Score is 11.73 as of Jul. 22, 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 Tah Kong Chemical Industrial (ROCO:4706) Overvalued in 2026?
Based on GuruFocus' analysis, Tah Kong Chemical Industrial stock appears to be overvalued.
The current stock price of NT$32.00 is trading 13.8% above its estimated GF Value™ of NT$28.11.
GuruFocus considers Tah Kong Chemical Industrial to be Modestly Overvalued.
Key valuation signals for ROCO:4706:
Altman Z-Score: 11.73 (92% above median its 10-year median of 6.11)
GF Value™: NT$28.11 vs. price of NT$32.00 (13.8% above fair value)
Industry Position: 281.5% above the Chemicals median (#161 of 1560)
No single metric tells the full story. See the ROCO:4706 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tah Kong Chemical Industrial Corp is engaged in processed pigment for textile printing and PVC, mainly in the manufacturing and selling. Its product portfolio consists of Colorants for polyvinyl chloride, Colorants for synthetic leather, Colorants for polyolefins, Water-based processing pigments, Organic pigments for coatings, inks, and plastics, Functional product applications, and UV curing products. Geographically, the company mainly operates in two regions, Taiwan and China.
68GF Score
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