Penpower TechnologyROCO:5211 67 Altman Z-Score is 10.74 as of Jul. 12, 2026, which is 63% above its 10-year median of 6.57. GuruFocus rates ROCO:5211 with a GF Score™ of 67/100 and a GF Value™ of NT$36.70 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,768 Software companies, Penpower Technology ranks better than 88.58% 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 10.74 is strong.
Penpower Technology has a Altman Z-Score of 10.74, 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 Penpower Technology's Altman Z-Score or its related term are showing as below:
ROCO:5211'
s Altman Z-Score Range Over the Past 10 Years
Min: 5.02 Med: 6.57 Max: 13.13
Current: 10.74
During the past 13 years, Penpower Technology's highest Altman Z-Score was 13.13. The lowest was 5.02. And the median was 6.57.
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.
Penpower Technology Altman Z-Score Related Terms
Penpower Technology Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Penpower Technology'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.
ROCO:5211 vs UBER, SHOP, CRM: Altman Z-Score Comparison
For the Software - Application subindustry, Penpower Technology'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.
Penpower Technology Altman Z-Score vs Software Industry
For the Software industry and Technology sector, Penpower Technology's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Penpower Technology'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.
Penpower Technology'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
*
0.5259
+
1.4
*
-0.3276
+
3.3
*
-0.0544
+
0.6
*
16.9978
+
1.0
*
0.5509
=
10.74
* 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.
Penpower Technology (ROCO:5211) has a Altman Z-Score of 10.74 as of Jul. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Penpower Technology and its competitors. This is 63% above median its historical median of 6.57. Over the past decade, Penpower Technology's Altman Z-Score has ranged from 5.02 to 13.13. According to the industry distribution chart, Penpower Technology ranks #316 out of 2768 companies in the Software industry, placing it in the top 11.4%.
Is Penpower Technology's Altman Z-Score too high?
Penpower Technology's current Altman Z-Score of 10.74 is 63% above median its 10-year median of 6.57. Over the past 10 years, this metric has ranged from a low of 5.02 to a high of 13.13. The Software industry median Altman Z-Score is 3.16. Penpower Technology's value of 10.74 is 239.9% above this industry median. Based on the distribution chart, Penpower Technology ranks #316 out of 2768 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Penpower Technology has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Penpower Technology's Altman Z-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Penpower Technology ranks #316 out of 2768 companies for Altman Z-Score. This places Penpower Technology in the top 11% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.16. Penpower Technology's value of 10.74 is 239.9% above this benchmark. Historically, Penpower Technology's own Altman Z-Score has ranged from 5.02 to 13.13 over the past decade. While the company's 10-year median is 6.57 vs. the industry median of 3.16, Penpower Technology 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 Software company?
The median Altman Z-Score among Software companies is 3.16, based on 2,768 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. Penpower Technology's current Altman Z-Score of 10.74 is 239.9% 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 Penpower Technology and its competitors. For the Software industry, the median Altman Z-Score is 3.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Penpower Technology's current Altman Z-Score is 10.74, which is 63% above median its own 10-year median of 6.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Penpower Technology stock overvalued right now?
Based on GuruFocus' analysis, Penpower Technology (ROCO:5211) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$36.70, compared to a current price of NT$22.20 — trading 39.5% below its estimated fair value. The current Altman Z-Score is 10.74, which is 63% above median its 10-year median of 6.57 and 239.9% above the Software industry median of 3.16. Penpower Technology's overall GF Score™ is 67/100 with 1 warning sign 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 Penpower Technology (ROCO:5211), the current Altman Z-Score is 10.74 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 Penpower Technology (ROCO:5211) Overvalued in 2026?
Based on GuruFocus' analysis, Penpower Technology stock appears to be undervalued.
The current stock price of NT$22.20 is trading 39.5% below its estimated GF Value™ of NT$36.70.
GuruFocus considers Penpower Technology to be Significantly Undervalued.
Key valuation signals for ROCO:5211:
Altman Z-Score: 10.74 (63% above median its 10-year median of 6.57)
GF Value™: NT$36.70 vs. price of NT$22.20 (39.5% below fair value)
Industry Position: 239.9% above the Software median (#316 of 2768)
No single metric tells the full story. See the ROCO:5211 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Penpower Technology Ltd is a smart human-machine interface core technology research and development company. The company is engaged in the manufacturing and distribution of software products. It offers products based on its handwriting recognition, voice recognition, optical character recognition, business card recognition, biometrics recognition, and security technologies. The technologies serve different industries such as PC, mobile devices, communication transmission, internet, and information appliances. It has operations in Hong Kong, Singapore, China, and the United States.
67GF Score
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