Medigen Vaccine Biologics (ROCO:6547) Altman Z-Score: 20.60 (As of Jul. 06, 2026) — 242% Above Median


ROCO:6547 Medigen Vaccine Biologics Corp ROCO:6547
67 GF Score
Price NT$46.35
GF Value NT$70.14
Valuation Possible Value Trap
! 2 Warning Signs
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What is Medigen Vaccine Biologics Altman Z-Score?

Medigen Vaccine Biologics ROCO:6547 +2.09% 67 Altman Z-Score is 20.60 as of Jul. 06, 2026, which is 242% above its 10-year median of 6.02. GuruFocus rates ROCO:6547 with a GF Score™ of 67/100 and a GF Value™ of NT$70.14 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 924 Biotechnology companies, Medigen Vaccine Biologics ranks better than 88.2% 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 20.6 is strong.

Medigen Vaccine Biologics has a Altman Z-Score of 20.60, 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 Medigen Vaccine Biologics's Altman Z-Score or its related term are showing as below:

ROCO:6547' s Altman Z-Score Range Over the Past 10 Years
Min: 1.84   Med: 6.02   Max: 63.92
Current: 20.6

During the past 13 years, Medigen Vaccine Biologics's highest Altman Z-Score was 63.92. The lowest was 1.84. And the median was 6.02.


Medigen Vaccine Biologics  (ROCO:6547) 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.


Medigen Vaccine Biologics Altman Z-Score Related Terms


Medigen Vaccine Biologics Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Medigen Vaccine Biologics'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.

Medigen Vaccine Biologics Altman Z-Score Chart

Medigen Vaccine Biologics 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 63.92 5.89 5.82 14.55 16.87

Medigen Vaccine Biologics 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 14.55 19.93 18.31 17.22 16.87

ROCO:6547 vs VRTX, REGN, ALNY: Altman Z-Score Comparison

For the Biotechnology subindustry, Medigen Vaccine Biologics'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.


Medigen Vaccine Biologics Altman Z-Score vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Medigen Vaccine Biologics's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Medigen Vaccine Biologics's Altman Z-Score falls into.


ROCO:6547
67GF Score
Medigen Vaccine Biologics Corp ROCO:6547
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Medigen Vaccine Biologics 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.

Medigen Vaccine Biologics'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*0.5536+1.4*-0.0716+3.3*-0.0694+0.6*33.5153+1.0*0.1559
=20.60

* 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$3,933.9 Mil.
Total Current Assets was NT$2,362.8 Mil.
Total Current Liabilities was NT$185.0 Mil.
Retained Earnings was NT$-281.7 Mil.
Pre-Tax Income was -138.184 + -22.598 + -99.887 + -21.045 = NT$-281.7 Mil.
Interest Expense was -2.145 + -2.17 + -2.215 + -2.272 = NT$-8.8 Mil.
Revenue was 147.013 + 205.856 + 144.874 + 115.428 = NT$613.2 Mil.
Market Cap (Today) was NT$15,237.5 Mil.
Total Liabilities was NT$454.6 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
=(2362.757 - 185.045)/3933.908
=0.5536

X2=Retained Earnings/Total Assets
=-281.714/3933.908
=-0.0716

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-281.714 - -8.802)/3933.908
=-0.0694

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=15237.516/454.644
=33.5153

X5=Revenue/Total Assets
=613.171/3933.908
=0.1559

The zones of discrimination were as such:

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

Medigen Vaccine Biologics has a Altman Z-Score of 20.60 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 20.60 mean?
Medigen Vaccine Biologics (ROCO:6547) has a Altman Z-Score of 20.60 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Medigen Vaccine Biologics and its competitors. This is 242% above median its historical median of 6.02. Over the past decade, Medigen Vaccine Biologics' Altman Z-Score has ranged from 1.84 to 63.92. According to the industry distribution chart, Medigen Vaccine Biologics ranks #109 out of 924 companies in the Biotechnology industry, placing it in the top 11.8%.
Is Medigen Vaccine Biologics' Altman Z-Score too high?
Medigen Vaccine Biologics' current Altman Z-Score of 20.60 is 242% above median its 10-year median of 6.02. Over the past 10 years, this metric has ranged from a low of 1.84 to a high of 63.92. The Biotechnology industry median Altman Z-Score is 2.77. Medigen Vaccine Biologics' value of 20.60 is 645% above this industry median. Based on the distribution chart, Medigen Vaccine Biologics ranks #109 out of 924 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Medigen Vaccine Biologics has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Medigen Vaccine Biologics' Altman Z-Score compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Medigen Vaccine Biologics ranks #109 out of 924 companies for Altman Z-Score. This places Medigen Vaccine Biologics in the top 12% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.77. Medigen Vaccine Biologics' value of 20.60 is 645% above this benchmark. Historically, Medigen Vaccine Biologics' own Altman Z-Score has ranged from 1.84 to 63.92 over the past decade. While the company's 10-year median is 6.02 vs. the industry median of 2.77, Medigen Vaccine Biologics 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 Biotechnology company?
The median Altman Z-Score among Biotechnology companies is 2.77, based on 924 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. Medigen Vaccine Biologics's current Altman Z-Score of 20.60 is 645% 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 Medigen Vaccine Biologics and its competitors. For the Biotechnology industry, the median Altman Z-Score is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medigen Vaccine Biologics's current Altman Z-Score is 20.60, which is 242% above median its own 10-year median of 6.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medigen Vaccine Biologics stock overvalued right now?
Based on GuruFocus' analysis, Medigen Vaccine Biologics (ROCO:6547) is currently considered Possible Value Trap. The stock's GF Value™ is NT$70.14, compared to a current price of NT$46.35 — trading 33.9% below its estimated fair value. The current Altman Z-Score is 20.60, which is 242% above median its 10-year median of 6.02 and 645% above the Biotechnology industry median of 2.77. Medigen Vaccine Biologics' overall GF Score™ is 67/100 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 Medigen Vaccine Biologics (ROCO:6547), the current Altman Z-Score is 20.60 as of Jul. 06, 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 Medigen Vaccine Biologics (ROCO:6547) Overvalued in 2026?

Based on GuruFocus' analysis, Medigen Vaccine Biologics stock appears to be undervalued. The current stock price of NT$46.35 is trading 33.9% below its estimated GF Value™ of NT$70.14. GuruFocus considers Medigen Vaccine Biologics to be Possible Value Trap.

Key valuation signals for ROCO:6547:

  • Altman Z-Score: 20.60 (242% above median its 10-year median of 6.02)
  • GF Value™: NT$70.14 vs. price of NT$46.35 (33.9% below fair value)
  • GF Score™: 67/100 with 2 warning signs
  • Industry Position: 645% above the Biotechnology median (#109 of 924)

No single metric tells the full story. See the ROCO:6547 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Medigen Vaccine Biologics Business Description

Address 302 No. 68, Shengyi 3rd Road, Hsinchu County, Zhubei, TWN, 30261
Medigen Vaccine Biologics Corp is engaged in the research, development and wholesale of vaccine and biopharmaceutical, medical devices wholesale and retail, etc. Its products include dengue vaccine, anti-RSV biosimilars, COVID-19 vaccines, enterovirus A71 vaccine, and influenza vaccine QIZ. It operates business only in a single industry in Taiwan.
67GF Score

Get the complete analysis for ROCO:6547

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

NT$46.35
Price
NT$70.14
GF Value