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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.
Warning Sign:
Altman Z-score of 2.34 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
Wanshih Electronics Co has a Altman Z-Score of 2.33, indicating it is in Grey Zones. This implies that Wanshih Electronics Co is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.
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 Wanshih Electronics Co's Altman Z-Score or its related term are showing as below:
ROCO:6134'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.7 Med: 2.13 Max: 3.41
Current: 2.34
During the past 13 years, Wanshih Electronics Co's highest Altman Z-Score was 3.41. The lowest was 1.70. And the median was 2.13.
Wanshih Electronics Co (ROCO:6134) 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.
Wanshih Electronics Co Altman Z-Score Related Terms
Wanshih Electronics Co Altman Z-Score Historical Data
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The historical data trend for Wanshih 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.
ROCO:6134 vs CSCO, CIEN, MSI: Altman Z-Score Comparison
For the Communication Equipment subindustry, Wanshih 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.
Wanshih Electronics Co Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, Wanshih Electronics Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Wanshih 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.
Wanshih Electronics Co (ROCO:6134) has a Altman Z-Score of 2.33 as of Jul. 21, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Wanshih Electronics Co and its competitors. This is near median its historical median of 2.13. Over the past decade, Wanshih Electronics Co's Altman Z-Score has ranged from 1.70 to 3.41. According to the industry distribution chart, Wanshih Electronics Co ranks #1693 out of 2459 companies in the Hardware industry, placing it in the top 68.8%.
Is Wanshih Electronics Co's Altman Z-Score too high?
Wanshih Electronics Co's current Altman Z-Score of 2.33 is near median its 10-year median of 2.13. Over the past 10 years, this metric has ranged from a low of 1.70 to a high of 3.41. The Hardware industry median Altman Z-Score is 3.45. Wanshih Electronics Co's value of 2.33 is 32.5% below this industry median. Based on the distribution chart, Wanshih Electronics Co ranks #1693 out of 2459 companies in the Hardware industry, which is below the industry midpoint. Overall, Wanshih Electronics Co has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Wanshih Electronics Co's Altman Z-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Wanshih Electronics Co ranks #1693 out of 2459 companies for Altman Z-Score. This places Wanshih Electronics Co in the lower half of its industry. The industry median Altman Z-Score is 3.45. Wanshih Electronics Co's value of 2.33 is 32.5% below this benchmark. Historically, Wanshih Electronics Co's own Altman Z-Score has ranged from 1.70 to 3.41 over the past decade. While the company's 10-year median is 2.13 vs. the industry median of 3.45, Wanshih Electronics Co has consistently been below 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 3.45, based on 2,459 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. Wanshih Electronics Co's current Altman Z-Score of 2.33 is 32.5% below 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 Wanshih Electronics Co and its competitors. For the Hardware industry, the median Altman Z-Score is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wanshih Electronics Co's current Altman Z-Score is 2.33, which is near median its own 10-year median of 2.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wanshih Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Wanshih Electronics Co (ROCO:6134) is currently considered Fairly Valued. The stock's GF Value™ is NT$28.93, compared to a current price of NT$26.20 — trading 9.4% below its estimated fair value. The current Altman Z-Score is 2.33, which is near median its 10-year median of 2.13 and 32.5% below the Hardware industry median of 3.45. Wanshih Electronics Co's overall GF Score™ is 63/100 with 5 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 Wanshih Electronics Co (ROCO:6134), the current Altman Z-Score is 2.33 as of Jul. 21, 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 Wanshih Electronics Co (ROCO:6134) Overvalued in 2026?
Based on GuruFocus' analysis, Wanshih Electronics Co stock appears to be undervalued.
The current stock price of NT$26.20 is trading 9.4% below its estimated GF Value™ of NT$28.93.
GuruFocus considers Wanshih Electronics Co to be Fairly Valued.
Key valuation signals for ROCO:6134:
Altman Z-Score: 2.33 (near median its 10-year median of 2.13)
GF Value™: NT$28.93 vs. price of NT$26.20 (9.4% below fair value)
Industry Position: 32.5% below the Hardware median (#1693 of 2459)
No single metric tells the full story. See the ROCO:6134 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wanshih Electronics Co Ltd is mainly engaged in the sales of electronic components, computer and peripheral products, and the production and sale of mini coaxial cables. The Group operates in three segments, which are Wire Harness Division, Suzhou Wanshih, and Others. Its Wire Harness Division mainly manufactures wire harnesses and external cables for electronic products, medical cables, and automobile cables. The Suzhou Wanshih segment, which generates maximum revenue, is engaged in the manufacturing and selling of mini coaxial cable (main products are antenna, medical cable, automotive cable, electronic wire harness, and external cable, as well as SMT module). Geographically, the Group generates maximum revenue from China, and the rest from Taiwan, the USA, Japan, and other markets.
63GF Score
Get the complete analysis for ROCO:6134
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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