The Torigoe Co (TSE:2009) Altman Z2-Score: 8.37 (As of Jul. 15, 2026) — Near Median

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TSE:2009 The Torigoe Co Ltd TSE:2009
61 GF Score
Price 円1,084.00
GF Value 円705.08
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is The Torigoe Co Altman Z2-Score?

The Torigoe Co TSE:2009 61 Altman Z2-Score is 8.37 as of Jul. 15, 2026, which is 7% below its 10-year median of 8.99. GuruFocus rates TSE:2009 with a GF Score™ of 61/100 and a GF Value™ of 円705.08 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,964 Consumer Packaged Goods companies, The Torigoe Co ranks better than 83.4% 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:

The Torigoe Co has a Altman Z2-Score of 8.37, 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 The Torigoe Co's Altman Z2-Score or its related term are showing as below:

TSE:2009' s Altman Z2-Score Range Over the Past 10 Years
Min: 8.27   Med: 8.99   Max: 9.43
Current: 8.42

During the past 13 years, The Torigoe Co's highest Altman Z2-Score was 9.43. The lowest was 8.27. And the median was 8.99.


The Torigoe Co  (TSE:2009) 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.


The Torigoe Co Altman Z2-Score Related Terms


The Torigoe Co Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for The Torigoe Co'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.

The Torigoe Co Altman Z2-Score Chart

The Torigoe Co 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 9.16 9.33 9.43 8.81 8.42

The Torigoe Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 8.68 8.70 8.91 8.42 0.00

TSE:2009 vs KHC, GIS: Altman Z2-Score Comparison

For the Packaged Foods subindustry, The Torigoe Co'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.


The Torigoe Co Altman Z2-Score vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Torigoe Co's Altman Z2-Score distribution charts can be found below:

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


TSE:2009
61GF Score
The Torigoe Co Ltd TSE:2009
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Torigoe Co 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.

The Torigoe Co'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*0.3552+3.26*0.5518+6.72*0.0225+1.05*3.8904
=8.37

* 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 Dec. 2025:
Total Assets was 円45,611 Mil.
Total Current Assets was 円20,293 Mil.
Total Current Liabilities was 円4,090 Mil.
Retained Earnings was 円25,167 Mil.
Pre-Tax Income was 378.56 + 0 + 0 + 629.805 = 円1,008 Mil.
Interest Expense was -8.919 + 0 + 0 + -9.7 = 円-19 Mil.
Total Liabilities was 円9,320 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
=(20292.632 - 4090.133)/45611.282
=0.3552

X2=Retained Earnings/Total Assets
=25166.58/45611.282
=0.5518

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1008.365 - -18.619)/45611.282
=0.0225

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(36258.176 - 0)/9319.851
=3.8904

The zones of discrimination were as such:

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

The Torigoe Co has a Altman Z2-Score of 8.37 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 8.37 mean?
The Torigoe Co (TSE:2009) has a Altman Z2-Score of 8.37 as of Jul. 15, 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 The Torigoe Co and its competitors. This is near median its historical median of 8.99. Over the past decade, The Torigoe Co's Altman Z2-Score has ranged from 8.27 to 9.43. According to the industry distribution chart, The Torigoe Co ranks #326 out of 1964 companies in the Consumer Packaged Goods industry, placing it in the top 16.6%.
Is The Torigoe Co's Altman Z2-Score too high?
The Torigoe Co's current Altman Z2-Score of 8.37 is near median its 10-year median of 8.99. Over the past 10 years, this metric has ranged from a low of 8.27 to a high of 9.43. The Consumer Packaged Goods industry median Altman Z2-Score is 3.74. The Torigoe Co's value of 8.37 is 124.1% above this industry median. Based on the distribution chart, The Torigoe Co ranks #326 out of 1964 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, The Torigoe Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Torigoe Co's Altman Z2-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, The Torigoe Co ranks #326 out of 1964 companies for Altman Z2-Score. This places The Torigoe Co in the top 17% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.74. The Torigoe Co's value of 8.37 is 124.1% above this benchmark. Historically, The Torigoe Co's own Altman Z2-Score has ranged from 8.27 to 9.43 over the past decade. While the company's 10-year median is 8.99 vs. the industry median of 3.74, The Torigoe Co 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 Consumer Packaged Goods company?
The median Altman Z2-Score among Consumer Packaged Goods companies is 3.74, based on 1,964 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. The Torigoe Co's current Altman Z2-Score of 8.37 is 124.1% 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 The Torigoe Co and its competitors. For the Consumer Packaged Goods industry, the median Altman Z2-Score is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Torigoe Co's current Altman Z2-Score is 8.37, which is near median its own 10-year median of 8.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Torigoe Co stock overvalued right now?
Based on GuruFocus' analysis, The Torigoe Co (TSE:2009) is currently considered Significantly Overvalued. The stock's GF Value™ is 円705.08, compared to a current price of 円1,084.00 — trading 53.7% above its estimated fair value. The current Altman Z2-Score is 8.37, which is near median its 10-year median of 8.99 and 124.1% above the Consumer Packaged Goods industry median of 3.74. The Torigoe Co's overall GF Score™ is 61/100 with 5 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 The Torigoe Co (TSE:2009), the current Altman Z2-Score is 8.37 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 The Torigoe Co (TSE:2009) Overvalued in 2026?

Based on GuruFocus' analysis, The Torigoe Co stock appears to be overvalued. The current stock price of 円1,084.00 is trading 53.7% above its estimated GF Value™ of 円705.08. GuruFocus considers The Torigoe Co to be Significantly Overvalued.

Key valuation signals for TSE:2009:

  • Altman Z2-Score: 8.37 (near median its 10-year median of 8.99)
  • GF Value™: 円705.08 vs. price of 円1,084.00 (53.7% above fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 124.1% above the Consumer Packaged Goods median (#326 of 1964)

No single metric tells the full story. See the TSE:2009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


The Torigoe Co Business Description

Address 5-1, Hie-machi, Hakata-ku, Fukuoka-shi, JPN, 812-0014
The Torigoe Co Ltd is engaged in the manufacture and sale of flour products in Japan. The company offers flours(wheat, rye), wheat bran premixes, bakery ingredients, improvers, additives, frozen foods, functional food and health food products.
61GF Score

Get the complete analysis for TSE:2009

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

円1,084.00
Price
円705.08
GF Value