Logos Holdings (TSE:205A) Altman Z2-Score: 1.21 (As of Jul. 06, 2026) — 21% Below Median


TSE:205A Logos Holdings Inc TSE:205A
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Price 円1,718.00
! 3 Warning Signs
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What is Logos Holdings Altman Z2-Score?

Logos Holdings TSE:205A +3.18% 11 Altman Z2-Score is 1.21 as of Jul. 06, 2026, which is 21% below its 10-year median of 1.53. GuruFocus rates TSE:205A with a GF Score™ of 11/100. The stock has 3 warning signs investors should review. Among 94 Homebuilding & Construction companies, Logos Holdings ranks worse than 91.49% 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.

Logos Holdings has a Altman Z2-Score of 1.21, indicating it is in Grey Zones. This implies that Logos Holdings is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.

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 Logos Holdings's Altman Z2-Score or its related term are showing as below:

TSE:205A' s Altman Z2-Score Range Over the Past 10 Years
Min: 0.61   Med: 1.53   Max: 2.25
Current: 1.1

During the past 4 years, Logos Holdings's highest Altman Z2-Score was 2.25. The lowest was 0.61. And the median was 1.53.


Logos Holdings  (TSE:205A) 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.


Logos Holdings Altman Z2-Score Related Terms


Logos Holdings Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Logos Holdings'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.

Logos Holdings Altman Z2-Score Chart

Logos Holdings Annual Data
Trend May22 May23 May24 May25
Altman Z2-Score
2.25 1.66 1.97 1.63

Logos Holdings Quarterly Data
May22 May23 Feb24 May24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
Altman Z2-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.08 1.63 0.61 1.10 0.00

TSE:205A vs DHI, PHM, LEN: Altman Z2-Score Comparison

For the Residential Construction subindustry, Logos Holdings'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.


Logos Holdings Altman Z2-Score vs Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Logos Holdings's Altman Z2-Score distribution charts can be found below:

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


TSE:205A
11GF Score
Logos Holdings Inc TSE:205A
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Logos Holdings 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.

Logos Holdings'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*0.0788+3.26*0.0679+6.72*0.0473+1.05*0.1504
=1.21

* 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 Nov. 2025:
Total Assets was 円24,816 Mil.
Total Current Assets was 円17,605 Mil.
Total Current Liabilities was 円15,651 Mil.
Retained Earnings was 円1,684 Mil.
Pre-Tax Income was 275.268 + 606.533 + -798.856 + 964.619 = 円1,048 Mil.
Interest Expense was -34.35 + -51.581 + -12.072 + -28.664 = 円-127 Mil.
Total Liabilities was 円21,571 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
=(17604.971 - 15650.595)/24816.11
=0.0788

X2=Retained Earnings/Total Assets
=1684.156/24816.11
=0.0679

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1047.564 - -126.667)/24816.11
=0.0473

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(3244.961 - 0)/21571.149
=0.1504

The zones of discrimination were as such:

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

Logos Holdings has a Altman Z2-Score of 1.21 indicating it is in Grey Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 1.21 mean?
Logos Holdings (TSE:205A) has a Altman Z2-Score of 1.21 as of Jul. 06, 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 Logos Holdings and its competitors. This is 21% below median its historical median of 1.53. Over the past decade, Logos Holdings' Altman Z2-Score has ranged from 0.61 to 2.25. According to the industry distribution chart, Logos Holdings ranks #86 out of 94 companies in the Homebuilding & Construction industry, placing it in the top 91.5%.
Is Logos Holdings' Altman Z2-Score too high?
Logos Holdings' current Altman Z2-Score of 1.21 is 21% below median its 10-year median of 1.53. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 2.25. The Homebuilding & Construction industry median Altman Z2-Score is 4.99. Logos Holdings' value of 1.21 is 75.7% below this industry median. Based on the distribution chart, Logos Holdings ranks #86 out of 94 companies in the Homebuilding & Construction industry, which is in the bottom quartile relative to peers. Overall, Logos Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Logos Holdings' Altman Z2-Score compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, Logos Holdings ranks #86 out of 94 companies for Altman Z2-Score. This places Logos Holdings in the lower half of its industry. The industry median Altman Z2-Score is 4.99. Logos Holdings' value of 1.21 is 75.7% below this benchmark. Historically, Logos Holdings' own Altman Z2-Score has ranged from 0.61 to 2.25 over the past decade. While the company's 10-year median is 1.53 vs. the industry median of 4.99, Logos Holdings 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 Z2-Score for a Homebuilding & Construction company?
The median Altman Z2-Score among Homebuilding & Construction companies is 4.99, based on 94 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. Logos Holdings's current Altman Z2-Score of 1.21 is 75.7% 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 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 Logos Holdings and its competitors. For the Homebuilding & Construction industry, the median Altman Z2-Score is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Logos Holdings's current Altman Z2-Score is 1.21, which is 21% below median its own 10-year median of 1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Logos Holdings stock overvalued right now?
Logos Holdings (TSE:205A) has a current Altman Z2-Score of 1.21. The current Altman Z2-Score is 1.21, which is 21% below median its 10-year median of 1.53 and 75.7% below the Homebuilding & Construction industry median of 4.99. Logos Holdings' overall GF Score™ is 11/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z2-Score calculated?
Altman Z2-Score is calculated from a company's financial statements. For Logos Holdings (TSE:205A), the current Altman Z2-Score is 1.21 as of Jul. 06, 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.

Logos Holdings Business Description

Address 2-1 Higashi 3-jo Minami 13-chome, Hokkaido, Obihiro, JPN, 080?0803
Logos Holdings Inc is engaged in two business Housing division: Housing design, construction and sales. Real estate division: Land purchase, sale, intermediation and brokerage.
11GF Score

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