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Wave Power TechnologyROCO:6895 +1.58%65 Altman Z-Score is 10.31 as of Jul. 15, 2026, which is 50% below its 10-year median of 20.76. GuruFocus rates ROCO:6895 with a GF Score™ of 65/100 and a GF Value™ of NT$301.21 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 3,005 Industrial Products companies, Wave Power Technology ranks better than 89.68% 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 11.1 is strong.
Wave Power Technology has a Altman Z-Score of 10.31, 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 Wave Power Technology's Altman Z-Score or its related term are showing as below:
ROCO:6895'
s Altman Z-Score Range Over the Past 10 Years
Min: 11.1 Med: 20.76 Max: 28.14
Current: 11.1
During the past 8 years, Wave Power Technology's highest Altman Z-Score was 28.14. The lowest was 11.10. And the median was 20.76.
Wave Power Technology (ROCO:6895) 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.
Wave Power Technology Altman Z-Score Related Terms
Wave Power Technology Altman Z-Score Historical Data
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The historical data trend for Wave Power 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.
For the Electrical Equipment & Parts subindustry, Wave Power 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.
Wave Power Technology Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Wave Power Technology's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Wave Power 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.
* 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.
Wave Power Technology (ROCO:6895) has a Altman Z-Score of 10.31 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Wave Power Technology and its competitors. This is 50% below median its historical median of 20.76. Over the past decade, Wave Power Technology's Altman Z-Score has ranged from 11.10 to 28.14. According to the industry distribution chart, Wave Power Technology ranks #310 out of 3005 companies in the Industrial Products industry, placing it in the top 10.3%.
Is Wave Power Technology's Altman Z-Score too high?
Wave Power Technology's current Altman Z-Score of 10.31 is 50% below median its 10-year median of 20.76. Over the past 10 years, this metric has ranged from a low of 11.10 to a high of 28.14. The Industrial Products industry median Altman Z-Score is 3.31. Wave Power Technology's value of 10.31 is 211.5% above this industry median. Based on the distribution chart, Wave Power Technology ranks #310 out of 3005 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Wave Power Technology has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Wave Power Technology's Altman Z-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Wave Power Technology ranks #310 out of 3005 companies for Altman Z-Score. This places Wave Power Technology in the top 10% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.31. Wave Power Technology's value of 10.31 is 211.5% above this benchmark. Historically, Wave Power Technology's own Altman Z-Score has ranged from 11.10 to 28.14 over the past decade. While the company's 10-year median is 20.76 vs. the industry median of 3.31, Wave Power 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.31, 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. Wave Power Technology's current Altman Z-Score of 10.31 is 211.5% 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 Wave Power Technology and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wave Power Technology's current Altman Z-Score is 10.31, which is 50% below median its own 10-year median of 20.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wave Power Technology stock overvalued right now?
Based on GuruFocus' analysis, Wave Power Technology (ROCO:6895) is currently considered Possible Value Trap. The stock's GF Value™ is NT$301.21, compared to a current price of NT$128.50 — trading 57.3% below its estimated fair value. The current Altman Z-Score is 10.31, which is 50% below median its 10-year median of 20.76 and 211.5% above the Industrial Products industry median of 3.31. Wave Power Technology's overall GF Score™ is 65/100 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 Wave Power Technology (ROCO:6895), the current Altman Z-Score is 10.31 as of Jul. 15, 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 Wave Power Technology (ROCO:6895) Overvalued in 2026?
Based on GuruFocus' analysis, Wave Power Technology stock appears to be undervalued.
The current stock price of NT$128.50 is trading 57.3% below its estimated GF Value™ of NT$301.21.
GuruFocus considers Wave Power Technology to be Possible Value Trap.
Key valuation signals for ROCO:6895:
Altman Z-Score: 10.31 (50% below median its 10-year median of 20.76)
GF Value™: NT$301.21 vs. price of NT$128.50 (57.3% below fair value)
Industry Position: 211.5% above the Industrial Products median (#310 of 3005)
No single metric tells the full story. See the ROCO:6895 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wave Power Technology Inc manufactures and distributes electrical power equipment. Its products are based on proprietary 4-H technology associated with high power, frequency, voltage, and vacuum. Its product portfolio comprises of Microwave Generator, Industrial Magnetron, Variable Capacitor, Feedthrough, Vacuum View Port, High-voltage Break-off Section, Magnet, Heater, and Hermetic Sealing.
65GF Score
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