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 -1.37 is in distress zone. This implies bankruptcy possibility in the next two years.
Green River Holding Co has a Altman Z-Score of -1.37, 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 Green River Holding Co's Altman Z-Score or its related term are showing as below:
ROCO:8444'
s Altman Z-Score Range Over the Past 10 Years
Min: -1.37 Med: 0.81 Max: 4.48
Current: -1.37
During the past 13 years, Green River Holding Co's highest Altman Z-Score was 4.48. The lowest was -1.37. And the median was 0.81.
Green River Holding Co (ROCO:8444) 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.
Green River Holding Co Altman Z-Score Related Terms
Green River Holding Co Altman Z-Score Historical Data
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The historical data trend for Green River Holding 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:8444 vs SSD, UFPI, BCC: Altman Z-Score Comparison
For the Lumber & Wood Production subindustry, Green River Holding 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.
Green River Holding Co Altman Z-Score vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Green River Holding Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Green River Holding 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.
Green River Holding Co (ROCO:8444) has a Altman Z-Score of -1.37 as of Jul. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Green River Holding Co and its competitors. According to the industry distribution chart, Green River Holding Co ranks #269 out of 282 companies in the Forest Products industry, placing it in the top 95.4%.
Is Green River Holding Co's Altman Z-Score too high?
Green River Holding Co's current Altman Z-Score is -1.37. Based on the distribution chart, Green River Holding Co ranks #269 out of 282 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Green River Holding Co has a GF Score™ of 26/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Green River Holding Co's Altman Z-Score compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Green River Holding Co ranks #269 out of 282 companies for Altman Z-Score. This places Green River Holding Co in the lower half of its industry. The industry median Altman Z-Score is 1.82. 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 Forest Products company?
The median Altman Z-Score among Forest Products companies is 1.82, based on 282 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. 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 Green River Holding Co and its competitors. For the Forest Products industry, the median Altman Z-Score is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Green River Holding Co's current Altman Z-Score is -1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Green River Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Green River Holding Co (ROCO:8444) is currently considered Possible Value Trap. The stock's GF Value™ is NT$18.74, compared to a current price of NT$5.56 — trading 70.3% below its estimated fair value. The current Altman Z-Score is -1.37. Green River Holding Co's overall GF Score™ is 26/100 with 3 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 Green River Holding Co (ROCO:8444), the current Altman Z-Score is -1.37 as of Jul. 11, 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 Green River Holding Co (ROCO:8444) Overvalued in 2026?
Based on GuruFocus' analysis, Green River Holding Co stock appears to be undervalued.
The current stock price of NT$5.56 is trading 70.3% below its estimated GF Value™ of NT$18.74.
GuruFocus considers Green River Holding Co to be Possible Value Trap.
Key valuation signals for ROCO:8444:
Altman Z-Score: -1.37
GF Value™: NT$18.74 vs. price of NT$5.56 (70.3% below fair value)
No single metric tells the full story. See the ROCO:8444 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Green River Holding Co Ltd is engaged in manufacturing, processing, and selling particle board, manufacturing and selling parawood; purchasing raw materials for the parawood business and rendering sawmill services; and manufacturing and selling resin. Its products include Solid Wood, Particle Board, and Melamine Faced Chipboard. The company operates through four segments: Particle Board, Solid Wood, Resin and Investment Company. The majority of its revenue is generated from particle boards. The company operates in Thailand, Malaysia, Korea, China, Vietnam, and Others, with maximum revenue from Malaysia.
26GF Score
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