Bridgestone (MEX:5108N) Altman Z2-Score: 6.23 (As of Jul. 02, 2026) — Near Median


MEX:5108N Bridgestone Corp MEX:5108N
80 GF Score
Price MXN380.54
GF Value MXN361.18
! 4 Warning Signs
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What is Bridgestone Altman Z2-Score?

Bridgestone MEX:5108N 80 Altman Z2-Score is 6.23 as of Jul. 02, 2026, which is 5% above its 10-year median of 5.92. GuruFocus rates MEX:5108N with a GF Score™ of 80/100 and a GF Value™ of MXN361.18. The stock has 4 warning signs investors should review. Among 1,316 Vehicles & Parts companies, Bridgestone ranks better than 79.94% on this metric.

Altman Z2-Score, also known as Z"-Score, is used to predict the likelihood that a non-manufacturing company (excluding property/financial company) will face bankruptcy within a two-year period.

Good Sign:

Bridgestone has a Altman Z2-Score of 6.23, indicating it is in Safe Zones. This implies the Altman Z2-Score is strong.

The zones of discrimination were as such:

When Altman Z2-Score <= 1.1, it is in Distress Zones.
When Altman Z2-Score >= 2.6, it is in Safe Zones.
When Altman Z2-Score is between 1.1 and 2.6, it is in Grey Zones.

The historical rank and industry rank for Bridgestone's Altman Z2-Score or its related term are showing as below:

MEX:5108N' s Altman Z2-Score Range Over the Past 10 Years
Min: 4.36   Med: 5.92   Max: 6.52
Current: 6.2

During the past 13 years, Bridgestone's highest Altman Z2-Score was 6.52. The lowest was 4.36. And the median was 5.92.


Bridgestone  (MEX:5108N) Altman Z2-Score Explanation

The original Z-Score model was based on publicly traded manufacturing companies while the Z2-Score, also known as Z"-score can be used for any type of company excluding property/financial companies. Both Z-Score and Z2-Score describes the financial health of a company, and its likelihood of financial distress.

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_2, Net Worth (Total Stockholders Equity - Preferred Stock)/Total Liabilities (NW/TL): it compares a company’s stock net worth with its total liabilities and can be used to assess the extent of its reliance on debt.

Read more about Altman Z2-Score, the original research on Z-Score and the additional research on Z2-Score.


Be Aware

Altman Z2-Score does not apply to financial companies.


Bridgestone Altman Z2-Score Related Terms


Bridgestone Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Bridgestone's Altman Z2-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.

Bridgestone Altman Z2-Score Chart

Bridgestone Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.50 5.75 5.75 6.14 6.08

Bridgestone Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z2-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 6.29 6.06 6.04 6.08 6.20

MEX:5108N vs ORLY, AZO: Altman Z2-Score Comparison

For the Auto Parts subindustry, Bridgestone's Altman Z2-Score, along with its competitors' market caps and Altman Z2-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.


Bridgestone Altman Z2-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bridgestone's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Bridgestone's Altman Z2-Score falls into.


MEX:5108N
80GF Score
Bridgestone Corp MEX:5108N
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bridgestone Altman Z2-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.

Z2-Score, also known as Z"-Score is the Z-Score for non-manufacturing companies excluding property/financial companies.

Bridgestone's Altman Z2-Score for today is calculated with this formula:

Z=6.56*X1+3.26*X2+6.72*X3+1.05*X4_2
=6.56*0.3106+3.26*0.4967+6.72*0.0824+1.05*1.9264
=6.23

* 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 Z2-Score when X4_2 value is 0.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was MXN641,593 Mil.
Total Current Assets was MXN315,680 Mil.
Total Current Liabilities was MXN116,400 Mil.
Retained Earnings was MXN318,651 Mil.
Pre-Tax Income was 14351.253 + 9088.366 + 14955.949 + 9058.987 = MXN47,455 Mil.
Interest Expense was -875.482 + -1773.72 + -1451.776 + -1292.391 = MXN-5,393 Mil.
Total Liabilities was MXN217,012 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
=(315679.611 - 116400.416)/641593.072
=0.3106

X2=Retained Earnings/Total Assets
=318651.297/641593.072
=0.4967

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(47454.555 - -5393.369)/641593.072
=0.0824

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(418049.467 - 0)/217012.374
=1.9264

The zones of discrimination were as such:

Distress Zones - 1.1 < Grey Zones < 2.6 - Safe Zones

Bridgestone has a Altman Z2-Score of 6.23 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 6.23 mean?
Bridgestone (MEX:5108N) has a Altman Z2-Score of 6.23 as of Jul. 02, 2026. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Bridgestone and its competitors. This is near median its historical median of 5.92. Over the past decade, Bridgestone's Altman Z2-Score has ranged from 4.36 to 6.52. According to the industry distribution chart, Bridgestone ranks #264 out of 1316 companies in the Vehicles & Parts industry, placing it in the top 20.1%.
Is Bridgestone's Altman Z2-Score too high?
Bridgestone's current Altman Z2-Score of 6.23 is near median its 10-year median of 5.92. Over the past 10 years, this metric has ranged from a low of 4.36 to a high of 6.52. The Vehicles & Parts industry median Altman Z2-Score is 2.98. Bridgestone's value of 6.23 is 109.1% above this industry median. Based on the distribution chart, Bridgestone ranks #264 out of 1316 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Bridgestone has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Bridgestone's Altman Z2-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Bridgestone ranks #264 out of 1316 companies for Altman Z2-Score. This places Bridgestone in the top 20% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 2.98. Bridgestone's value of 6.23 is 109.1% above this benchmark. Historically, Bridgestone's own Altman Z2-Score has ranged from 4.36 to 6.52 over the past decade. While the company's 10-year median is 5.92 vs. the industry median of 2.98, Bridgestone 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 Z2-Score for a Vehicles & Parts company?
The median Altman Z2-Score among Vehicles & Parts companies is 2.98, based on 1,316 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z2-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z2-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bridgestone's current Altman Z2-Score of 6.23 is 109.1% 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 Z2-Score mean?
A high Altman Z2-Score can signal that a stock is expensive relative to its fundamentals. Z2-Score is the Z-Score for non-manufacturing companies excluding property/financial companies, which measures a company's bankruptcy risk. View historical data on Bridgestone and its competitors. For the Vehicles & Parts industry, the median Altman Z2-Score is 2.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bridgestone's current Altman Z2-Score is 6.23, which is near median its own 10-year median of 5.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bridgestone stock overvalued right now?
Bridgestone (MEX:5108N) has a current Altman Z2-Score of 6.23. The stock's GF Value™ is MXN361.18, compared to a current price of MXN380.54 — trading 5.4% above its estimated fair value. The current Altman Z2-Score is 6.23, which is near median its 10-year median of 5.92 and 109.1% above the Vehicles & Parts industry median of 2.98. Bridgestone's overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Bridgestone (MEX:5108N), the current Altman Z2-Score is 6.23 as of Jul. 02, 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 Bridgestone (MEX:5108N) Overvalued in 2026?

Based on GuruFocus' analysis, Bridgestone stock appears to be overvalued. The current stock price of MXN380.54 is trading 5.4% above its estimated GF Value™ of MXN361.18.

Key valuation signals for MEX:5108N:

  • Altman Z2-Score: 6.23 (near median its 10-year median of 5.92)
  • GF Value™: MXN361.18 vs. price of MXN380.54 (5.4% above fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 109.1% above the Vehicles & Parts median (#264 of 1316)

No single metric tells the full story. See the MEX:5108N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bridgestone Business Description

Address 1-1 Kyobashi 3-chome, Chuo-ku, Tokyo, JPN, 104-8340
Bridgestone Corp is engaged in developing, manufacturing, and marketing tires and diversified products. The company manufactures tires and tubes for passenger cars, trucks and buses, construction and mining vehicles, industrial machinery, agricultural machinery, aircraft, motorcycles and scooters, and others. Its tire operations include retread business, automotive maintenance and repairs, retail business, and raw material supplies, as well as tire development, manufacturing, and marketing. The company also provides diversified products that include industrial products, chemical products, automotive components, construction materials, electronic equipment, bicycles, and sporting goods.
80GF Score

Get the complete analysis for MEX:5108N

Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN380.54
Price
MXN361.18
GF Value