New Era Electronics CoROCO:4909 45 Altman Z-Score is 17.41 as of Jul. 12, 2026, which is 239% above its 10-year median of 5.14. GuruFocus rates ROCO:4909 with a GF Score™ of 45/100 and a GF Value™ of NT$12.32 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,464 Hardware companies, New Era Electronics Co ranks better than 92.49% 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 17.41 is strong.
New Era Electronics Co has a Altman Z-Score of 17.41, 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 New Era Electronics Co's Altman Z-Score or its related term are showing as below:
ROCO:4909'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.78 Med: 5.14 Max: 23.88
Current: 17.41
During the past 13 years, New Era Electronics Co's highest Altman Z-Score was 23.88. The lowest was 2.78. And the median was 5.14.
New Era Electronics Co (ROCO:4909) 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.
New Era Electronics Co Altman Z-Score Related Terms
New Era Electronics Co Altman Z-Score Historical Data
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The historical data trend for New Era Electronics 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.
For the Electronic Components subindustry, New Era Electronics 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.
New Era Electronics Co Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, New Era Electronics Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where New Era Electronics 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.
* 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.
New Era Electronics Co (ROCO:4909) has a Altman Z-Score of 17.41 as of Jul. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on New Era Electronics Co and its competitors. This is 239% above median its historical median of 5.14. Over the past decade, New Era Electronics Co's Altman Z-Score has ranged from 2.78 to 23.88. According to the industry distribution chart, New Era Electronics Co ranks #185 out of 2464 companies in the Hardware industry, placing it in the top 7.5%.
Is New Era Electronics Co's Altman Z-Score too high?
New Era Electronics Co's current Altman Z-Score of 17.41 is 239% above median its 10-year median of 5.14. Over the past 10 years, this metric has ranged from a low of 2.78 to a high of 23.88. The Hardware industry median Altman Z-Score is 3.60. New Era Electronics Co's value of 17.41 is 384.3% above this industry median. Based on the distribution chart, New Era Electronics Co ranks #185 out of 2464 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, New Era Electronics Co has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does New Era Electronics Co's Altman Z-Score compare to APH and GLW?
According to the Hardware industry distribution chart, New Era Electronics Co ranks #185 out of 2464 companies for Altman Z-Score. This places New Era Electronics Co in the top 8% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.60. New Era Electronics Co's value of 17.41 is 384.3% above this benchmark. Historically, New Era Electronics Co's own Altman Z-Score has ranged from 2.78 to 23.88 over the past decade. While the company's 10-year median is 5.14 vs. the industry median of 3.60, New Era Electronics 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.60, based on 2,464 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. New Era Electronics Co's current Altman Z-Score of 17.41 is 384.3% 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 New Era Electronics Co and its competitors. For the Hardware industry, the median Altman Z-Score is 3.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Era Electronics Co's current Altman Z-Score is 17.41, which is 239% above median its own 10-year median of 5.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Era Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, New Era Electronics Co (ROCO:4909) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$12.32, compared to a current price of NT$42.10 — trading 241.7% above its estimated fair value. The current Altman Z-Score is 17.41, which is 239% above median its 10-year median of 5.14 and 384.3% above the Hardware industry median of 3.60. New Era Electronics Co's overall GF Score™ is 45/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For New Era Electronics Co (ROCO:4909), the current Altman Z-Score is 17.41 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 New Era Electronics Co (ROCO:4909) Overvalued in 2026?
Based on GuruFocus' analysis, New Era Electronics Co stock appears to be overvalued.
The current stock price of NT$42.10 is trading 241.7% above its estimated GF Value™ of NT$12.32.
GuruFocus considers New Era Electronics Co to be Significantly Overvalued.
Key valuation signals for ROCO:4909:
Altman Z-Score: 17.41 (239% above median its 10-year median of 5.14)
GF Value™: NT$12.32 vs. price of NT$42.10 (241.7% above fair value)
Industry Position: 384.3% above the Hardware median (#185 of 2464)
No single metric tells the full story. See the ROCO:4909 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Era Electronics Co Ltd is a Taiwan-based company that engages in the manufacture, and sale of printed circuit boards (PCB). The company is also engaged in the import and export of electronic products, electronic component manufacturing, telecommunications construction, wholesale of telecommunications apparatus, and wholesale and retail sales of electronic materials. The products of the company include high-frequency (HF) microwave communication substrates and printed circuit boards (PCBs).
45GF Score
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