DyDo Group Holdings (TSE:2590) Altman Z2-Score: 2.55 (As of Jul. 15, 2026) — 45% Below Median

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TSE:2590 DyDo Group Holdings Inc TSE:2590
77 GF Score
Price 円2,950.00
GF Value 円3,062.47
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is DyDo Group Holdings Altman Z2-Score?

DyDo Group Holdings TSE:2590 +4.50% 77 Altman Z2-Score is 2.55 as of Jul. 15, 2026, which is 45% below its 10-year median of 4.66. GuruFocus rates TSE:2590 with a GF Score™ of 77/100 and a GF Value™ of 円3,062.47 (Fairly Valued). The stock has 6 warning signs investors should review. Among 113 Beverages - Non-Alcoholic companies, DyDo Group Holdings ranks worse than 64.6% 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.

DyDo Group Holdings has a Altman Z2-Score of 2.55, indicating it is in Grey Zones. This implies that DyDo Group 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 DyDo Group Holdings's Altman Z2-Score or its related term are showing as below:

TSE:2590' s Altman Z2-Score Range Over the Past 10 Years
Min: 2.34   Med: 4.66   Max: 4.96
Current: 2.34

During the past 13 years, DyDo Group Holdings's highest Altman Z2-Score was 4.96. The lowest was 2.34. And the median was 4.66.


DyDo Group Holdings  (TSE:2590) 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.


DyDo Group Holdings Altman Z2-Score Related Terms


DyDo Group Holdings Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for DyDo Group 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.

DyDo Group Holdings Altman Z2-Score Chart

DyDo Group Holdings Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.90 4.38 4.47 4.01 2.34

DyDo Group Holdings Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 3.48 3.64 3.99 2.34 0.00

TSE:2590 vs KO, PEP, MNST: Altman Z2-Score Comparison

For the Beverages - Non-Alcoholic subindustry, DyDo Group 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.


DyDo Group Holdings Altman Z2-Score vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, DyDo Group Holdings's Altman Z2-Score distribution charts can be found below:

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


TSE:2590
77GF Score
DyDo Group Holdings Inc TSE:2590
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DyDo Group 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.

DyDo Group 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*0.2378+3.26*0.3878+6.72*-0.1533+1.05*0.7166
=2.55

* 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 Jan. 2026:
Total Assets was 円157,465 Mil.
Total Current Assets was 円88,258 Mil.
Total Current Liabilities was 円50,808 Mil.
Retained Earnings was 円61,072 Mil.
Pre-Tax Income was 459 + -30910 + 3038 + 2358 = 円-25,055 Mil.
Interest Expense was -372 + -59 + -210 + -280 = 円-921 Mil.
Total Liabilities was 円91,471 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
=(88258 - 50808)/157465
=0.2378

X2=Retained Earnings/Total Assets
=61072/157465
=0.3878

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-25055 - -921)/157465
=-0.1533

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(65545 - 0)/91471
=0.7166

The zones of discrimination were as such:

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

DyDo Group Holdings has a Altman Z2-Score of 2.55 indicating it is in Grey Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 2.55 mean?
DyDo Group Holdings (TSE:2590) has a Altman Z2-Score of 2.55 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 DyDo Group Holdings and its competitors. This is 45% below median its historical median of 4.66. Over the past decade, DyDo Group Holdings' Altman Z2-Score has ranged from 2.34 to 4.96. According to the industry distribution chart, DyDo Group Holdings ranks #73 out of 113 companies in the Beverages - Non-Alcoholic industry, placing it in the top 64.6%.
Is DyDo Group Holdings' Altman Z2-Score too high?
DyDo Group Holdings' current Altman Z2-Score of 2.55 is 45% below median its 10-year median of 4.66. Over the past 10 years, this metric has ranged from a low of 2.34 to a high of 4.96. The Beverages - Non-Alcoholic industry median Altman Z2-Score is 4.02. DyDo Group Holdings' value of 2.55 is 36.6% below this industry median. Based on the distribution chart, DyDo Group Holdings ranks #73 out of 113 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, DyDo Group Holdings has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DyDo Group Holdings' Altman Z2-Score compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, DyDo Group Holdings ranks #73 out of 113 companies for Altman Z2-Score. This places DyDo Group Holdings in the lower half of its industry. The industry median Altman Z2-Score is 4.02. DyDo Group Holdings' value of 2.55 is 36.6% below this benchmark. Historically, DyDo Group Holdings' own Altman Z2-Score has ranged from 2.34 to 4.96 over the past decade. While the company's 10-year median is 4.66 vs. the industry median of 4.02, DyDo Group 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 Beverages - Non-Alcoholic company?
The median Altman Z2-Score among Beverages - Non-Alcoholic companies is 4.02, based on 113 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. DyDo Group Holdings's current Altman Z2-Score of 2.55 is 36.6% 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 DyDo Group Holdings and its competitors. For the Beverages - Non-Alcoholic industry, the median Altman Z2-Score is 4.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DyDo Group Holdings's current Altman Z2-Score is 2.55, which is 45% below median its own 10-year median of 4.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DyDo Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, DyDo Group Holdings (TSE:2590) is currently considered Fairly Valued. The stock's GF Value™ is 円3,062.47, compared to a current price of 円2,950.00 — trading 3.7% below its estimated fair value. The current Altman Z2-Score is 2.55, which is 45% below median its 10-year median of 4.66 and 36.6% below the Beverages - Non-Alcoholic industry median of 4.02. DyDo Group Holdings' overall GF Score™ is 77/100 with 6 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 DyDo Group Holdings (TSE:2590), the current Altman Z2-Score is 2.55 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 DyDo Group Holdings (TSE:2590) Overvalued in 2026?

Based on GuruFocus' analysis, DyDo Group Holdings stock appears to be undervalued. The current stock price of 円2,950.00 is trading 3.7% below its estimated GF Value™ of 円3,062.47. GuruFocus considers DyDo Group Holdings to be Fairly Valued.

Key valuation signals for TSE:2590:

  • Altman Z2-Score: 2.55 (45% below median its 10-year median of 4.66)
  • GF Value™: 円3,062.47 vs. price of 円2,950.00 (3.7% below fair value)
  • GF Score™: 77/100 with 6 warning signs
  • Industry Position: 36.6% below the Beverages - Non-Alcoholic median (#73 of 113)

No single metric tells the full story. See the TSE:2590 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


DyDo Group Holdings Business Description

Address 2-2-7 Nakanoshima Kita-ku, Osaka-shi, Osaka, JPN, 530-0005
DyDo Group Holdings Inc through its subsidiaries, is engaged in selling canned coffee from vending machines. The Company also engaged in the manufacturing of energy drinks. The segment classifications are: Domestic Beverage, Overseas Beverage, Pharmaceutical-related, Food business, and Orphan drug business.
77GF Score

Get the complete analysis for TSE:2590

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

円2,950.00
Price
円3,062.47
GF Value