STL Technology Co (ROCO:4931) Altman Z-Score: 11.44 (As of Jul. 18, 2026) — 139% Above Median

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ROCO:4931 STL Technology Co Ltd ROCO:4931
58 GF Score
Price NT$199.00
GF Value NT$47.66
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is STL Technology Co Altman Z-Score?

STL Technology Co ROCO:4931 -9.95% 58 Altman Z-Score is 11.44 as of Jul. 18, 2026, which is 139% above its 10-year median of 4.79. GuruFocus rates ROCO:4931 with a GF Score™ of 58/100 and a GF Value™ of NT$47.66 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 3,005 Industrial Products companies, STL Technology Co ranks better than 92.51% 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 11.44 is strong.

STL Technology Co has a Altman Z-Score of 11.44, 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 STL Technology Co's Altman Z-Score or its related term are showing as below:

ROCO:4931' s Altman Z-Score Range Over the Past 10 Years
Min: 2.39   Med: 4.79   Max: 11.44
Current: 11.44

During the past 13 years, STL Technology Co's highest Altman Z-Score was 11.44. The lowest was 2.39. And the median was 4.79.


STL Technology Co  (ROCO:4931) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


STL Technology Co Altman Z-Score Related Terms


STL Technology Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for STL Technology 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.

STL Technology Co Altman Z-Score Chart

STL Technology Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.44 4.93 6.09 7.78 10.58

STL Technology Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Altman Z-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.78 9.68 8.54 13.36 10.58

ROCO:4931 vs VRT, BE: Altman Z-Score Comparison

For the Electrical Equipment & Parts subindustry, STL Technology 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.


STL Technology Co Altman Z-Score vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, STL Technology Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where STL Technology Co's Altman Z-Score falls into.


ROCO:4931
58GF Score
STL Technology Co Ltd ROCO:4931
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

STL Technology 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.

STL Technology 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*0.4521+1.4*0.2325+3.3*0.1191+0.6*15.0252+1.0*1.167
=11.44

* 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.

Trailing Twelve Months (TTM) ended in Dec. 2025:
Total Assets was NT$2,101 Mil.
Total Current Assets was NT$1,810 Mil.
Total Current Liabilities was NT$861 Mil.
Retained Earnings was NT$488 Mil.
Pre-Tax Income was 128.682 + 55.716 + -47.127 + 112.755 = NT$250 Mil.
Interest Expense was -0.046 + -0.051 + -0.056 + -0.028 = NT$-0 Mil.
Revenue was 785.063 + 546.142 + 463.661 + 656.511 = NT$2,451 Mil.
Market Cap (Today) was NT$13,048 Mil.
Total Liabilities was NT$868 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(1810.394 - 860.808)/2100.503
=0.4521

X2=Retained Earnings/Total Assets
=488.342/2100.503
=0.2325

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(250.026 - -0.181)/2100.503
=0.1191

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=13047.586/868.381
=15.0252

X5=Revenue/Total Assets
=2451.377/2100.503
=1.167

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

STL Technology Co has a Altman Z-Score of 11.44 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 11.44 mean?
STL Technology Co (ROCO:4931) has a Altman Z-Score of 11.44 as of Jul. 18, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on STL Technology Co and its competitors. This is 139% above median its historical median of 4.79. Over the past decade, STL Technology Co's Altman Z-Score has ranged from 2.39 to 11.44. According to the industry distribution chart, STL Technology Co ranks #225 out of 3005 companies in the Industrial Products industry, placing it in the top 7.5%.
Is STL Technology Co's Altman Z-Score too high?
STL Technology Co's current Altman Z-Score of 11.44 is 139% above median its 10-year median of 4.79. Over the past 10 years, this metric has ranged from a low of 2.39 to a high of 11.44. The Industrial Products industry median Altman Z-Score is 3.32. STL Technology Co's value of 11.44 is 244.6% above this industry median. Based on the distribution chart, STL Technology Co ranks #225 out of 3005 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, STL Technology Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does STL Technology Co's Altman Z-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, STL Technology Co ranks #225 out of 3005 companies for Altman Z-Score. This places STL Technology Co in the top 8% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.32. STL Technology Co's value of 11.44 is 244.6% above this benchmark. Historically, STL Technology Co's own Altman Z-Score has ranged from 2.39 to 11.44 over the past decade. While the company's 10-year median is 4.79 vs. the industry median of 3.32, STL Technology 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.32, based on 3,005 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. STL Technology Co's current Altman Z-Score of 11.44 is 244.6% 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 STL Technology Co and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. STL Technology Co's current Altman Z-Score is 11.44, which is 139% above median its own 10-year median of 4.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is STL Technology Co stock overvalued right now?
Based on GuruFocus' analysis, STL Technology Co (ROCO:4931) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$47.66, compared to a current price of NT$199.00 — trading 317.5% above its estimated fair value. The current Altman Z-Score is 11.44, which is 139% above median its 10-year median of 4.79 and 244.6% above the Industrial Products industry median of 3.32. STL Technology Co's overall GF Score™ is 58/100 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 STL Technology Co (ROCO:4931), the current Altman Z-Score is 11.44 as of Jul. 18, 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 STL Technology Co (ROCO:4931) Overvalued in 2026?

Based on GuruFocus' analysis, STL Technology Co stock appears to be overvalued. The current stock price of NT$199.00 is trading 317.5% above its estimated GF Value™ of NT$47.66. GuruFocus considers STL Technology Co to be Significantly Overvalued.

Key valuation signals for ROCO:4931:

  • Altman Z-Score: 11.44 (139% above median its 10-year median of 4.79)
  • GF Value™: NT$47.66 vs. price of NT$199.00 (317.5% above fair value)
  • GF Score™: 58/100 with 2 warning signs
  • Industry Position: 244.6% above the Industrial Products median (#225 of 3005)

No single metric tells the full story. See the ROCO:4931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


STL Technology Co Business Description

Address No. 1, West 15th Street, Cianjhen District, Kaohsiung, TWN, 806011
STL Technology Co Ltd is engaged in the manufacturing and sales of lithium-ion battery modules in Taiwan. The company's products are mainly focused on industrial applications such as gardening and hand-held power tools, light electric vehicles, and energy storage system devices. The company and it's subsidiaries mainly operate in Taiwan.
58GF Score

Get the complete analysis for ROCO:4931

Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$199.00
Price
NT$47.66
GF Value