Anxo Pharmaceutical Co (ROCO:6677) Altman Z-Score: 1.12 (As of Jul. 16, 2026) — 17% Below Median

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ROCO:6677 Anxo Pharmaceutical Co Ltd ROCO:6677
66 GF Score
Price NT$17.20
GF Value NT$30.25
Valuation Possible Value Trap
! 4 Warning Signs
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What is Anxo Pharmaceutical Co Altman Z-Score?

Anxo Pharmaceutical Co ROCO:6677 +0.88% 66 Altman Z-Score is 1.12 as of Jul. 16, 2026, which is 17% below its 10-year median of 1.35. GuruFocus rates ROCO:6677 with a GF Score™ of 66/100 and a GF Value™ of NT$30.25 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 953 Drug Manufacturers companies, Anxo Pharmaceutical Co ranks worse than 79.43% 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.

Warning Sign:

Altman Z-score of 1.13 is in distress zone. This implies bankruptcy possibility in the next two years.

Anxo Pharmaceutical Co has a Altman Z-Score of 1.12, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Anxo Pharmaceutical Co's Altman Z-Score or its related term are showing as below:

ROCO:6677' s Altman Z-Score Range Over the Past 10 Years
Min: 0.36   Med: 1.35   Max: 2.4
Current: 1.13

During the past 13 years, Anxo Pharmaceutical Co's highest Altman Z-Score was 2.40. The lowest was 0.36. And the median was 1.35.


Anxo Pharmaceutical Co  (ROCO:6677) 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.


Anxo Pharmaceutical Co Altman Z-Score Related Terms


Anxo Pharmaceutical Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Anxo Pharmaceutical 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.

Anxo Pharmaceutical Co Altman Z-Score Chart

Anxo Pharmaceutical 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 1.32 1.35 2.40 1.38 1.17

Anxo Pharmaceutical Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 2.40 0.00 1.38 0.00 1.17

ROCO:6677 vs ZTS, UTHR: Altman Z-Score Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Anxo Pharmaceutical 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.


Anxo Pharmaceutical Co Altman Z-Score vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Anxo Pharmaceutical Co's Altman Z-Score distribution charts can be found below:

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


ROCO:6677
66GF Score
Anxo Pharmaceutical Co Ltd ROCO:6677
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Anxo Pharmaceutical 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.

Anxo Pharmaceutical 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*0.1492+1.4*-0.0165+3.3*-0.014+0.6*1.0043+1.0*0.408
=1.12

* 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$2,066.8 Mil.
Total Current Assets was NT$847.9 Mil.
Total Current Liabilities was NT$539.5 Mil.
Retained Earnings was NT$-34.1 Mil.
Pre-Tax Income was NT$-45.6 Mil.
Interest Expense was NT$-16.6 Mil.
Revenue was NT$843.3 Mil.
Market Cap (Today) was NT$962.9 Mil.
Total Liabilities was NT$958.7 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
=(847.935 - 539.481)/2066.83
=0.1492

X2=Retained Earnings/Total Assets
=-34.133/2066.83
=-0.0165

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-45.598 - -16.637)/2066.83
=-0.014

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=962.856/958.699
=1.0043

X5=Revenue/Total Assets
=843.263/2066.83
=0.408

The zones of discrimination were as such:

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

Anxo Pharmaceutical Co has a Altman Z-Score of 1.12 indicating it is in Distress 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 1.12 mean?
Anxo Pharmaceutical Co (ROCO:6677) has a Altman Z-Score of 1.12 as of Jul. 16, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Anxo Pharmaceutical Co and its competitors. This is 17% below median its historical median of 1.35. Over the past decade, Anxo Pharmaceutical Co's Altman Z-Score has ranged from 0.36 to 2.40. According to the industry distribution chart, Anxo Pharmaceutical Co ranks #757 out of 953 companies in the Drug Manufacturers industry, placing it in the top 79.4%.
Is Anxo Pharmaceutical Co's Altman Z-Score too high?
Anxo Pharmaceutical Co's current Altman Z-Score of 1.12 is 17% below median its 10-year median of 1.35. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 2.40. The Drug Manufacturers industry median Altman Z-Score is 3.25. Anxo Pharmaceutical Co's value of 1.12 is 65.5% below this industry median. Based on the distribution chart, Anxo Pharmaceutical Co ranks #757 out of 953 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Anxo Pharmaceutical Co has a GF Score™ of 66/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Anxo Pharmaceutical Co's Altman Z-Score compare to ZTS and UTHR?
According to the Drug Manufacturers industry distribution chart, Anxo Pharmaceutical Co ranks #757 out of 953 companies for Altman Z-Score. This places Anxo Pharmaceutical Co in the lower half of its industry. The industry median Altman Z-Score is 3.25. Anxo Pharmaceutical Co's value of 1.12 is 65.5% below this benchmark. Historically, Anxo Pharmaceutical Co's own Altman Z-Score has ranged from 0.36 to 2.40 over the past decade. While the company's 10-year median is 1.35 vs. the industry median of 3.25, Anxo Pharmaceutical 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 Drug Manufacturers company?
The median Altman Z-Score among Drug Manufacturers companies is 3.25, based on 953 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. Anxo Pharmaceutical Co's current Altman Z-Score of 1.12 is 65.5% 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 Anxo Pharmaceutical Co and its competitors. For the Drug Manufacturers industry, the median Altman Z-Score is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anxo Pharmaceutical Co's current Altman Z-Score is 1.12, which is 17% below median its own 10-year median of 1.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anxo Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, Anxo Pharmaceutical Co (ROCO:6677) is currently considered Possible Value Trap. The stock's GF Value™ is NT$30.25, compared to a current price of NT$17.20 — trading 43.1% below its estimated fair value. The current Altman Z-Score is 1.12, which is 17% below median its 10-year median of 1.35 and 65.5% below the Drug Manufacturers industry median of 3.25. Anxo Pharmaceutical Co's overall GF Score™ is 66/100 with 4 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 Anxo Pharmaceutical Co (ROCO:6677), the current Altman Z-Score is 1.12 as of Jul. 16, 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 Anxo Pharmaceutical Co (ROCO:6677) Overvalued in 2026?

Based on GuruFocus' analysis, Anxo Pharmaceutical Co stock appears to be undervalued. The current stock price of NT$17.20 is trading 43.1% below its estimated GF Value™ of NT$30.25. GuruFocus considers Anxo Pharmaceutical Co to be Possible Value Trap.

Key valuation signals for ROCO:6677:

  • Altman Z-Score: 1.12 (17% below median its 10-year median of 1.35)
  • GF Value™: NT$30.25 vs. price of NT$17.20 (43.1% below fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 65.5% below the Drug Manufacturers median (#757 of 953)

No single metric tells the full story. See the ROCO:6677 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anxo Pharmaceutical Co Business Description

Address 8th Floor-3, Nanjing East Road, No. 206, Section 2, Taipei City, TWN
Anxo Pharmaceutical Co Ltd is a drug manufacturer. The company is engaged in developing drugs which include prescription medication and consumer healthcare medication. The products of the company include cardiovascular system medication, central nervous system medication, diabetes medication, infectious medicine, and dermatology medication.
66GF Score

Get the complete analysis for ROCO:6677

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

NT$17.20
Price
NT$30.25
GF Value