Delica Foods Holdings CoTSE:3392 +2.26%67 Altman Z2-Score is 2.01 as of Jul. 06, 2026, which is 4% above its 10-year median of 1.94. GuruFocus rates TSE:3392 with a GF Score™ of 67/100 and a GF Value™ of 円708.68 (Modestly Overvalued). Among 1,965 Consumer Packaged Goods companies, Delica Foods Holdings Co ranks worse than 68.55% 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.
Delica Foods Holdings Co has a Altman Z2-Score of 2.01, indicating it is in Grey Zones. This implies that Delica Foods Holdings Co 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 Delica Foods Holdings Co's Altman Z2-Score or its related term are showing as below:
TSE:3392'
s Altman Z2-Score Range Over the Past 10 Years
Min: 1.09 Med: 1.94 Max: 3.04
Current: 2.01
During the past 13 years, Delica Foods Holdings Co's highest Altman Z2-Score was 3.04. The lowest was 1.09. And the median was 1.94.
Delica Foods Holdings Co (TSE:3392) 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.
* 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.
For the Packaged Foods subindustry, Delica Foods Holdings 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.
Delica Foods Holdings Co Altman Z2-Score vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Delica Foods Holdings Co's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Delica Foods Holdings Co's Altman Z2-Score falls into.
Delica Foods Holdings 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.
* 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.
Delica Foods Holdings Co (TSE:3392) has a Altman Z2-Score of 2.01 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 Delica Foods Holdings Co and its competitors. This is near median its historical median of 1.94. Over the past decade, Delica Foods Holdings Co's Altman Z2-Score has ranged from 1.09 to 3.04. According to the industry distribution chart, Delica Foods Holdings Co ranks #1347 out of 1965 companies in the Consumer Packaged Goods industry, placing it in the top 68.5%.
Is Delica Foods Holdings Co's Altman Z2-Score too high?
Delica Foods Holdings Co's current Altman Z2-Score of 2.01 is near median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 3.04. The Consumer Packaged Goods industry median Altman Z2-Score is 3.73. Delica Foods Holdings Co's value of 2.01 is 46.1% below this industry median. Based on the distribution chart, Delica Foods Holdings Co ranks #1347 out of 1965 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Delica Foods Holdings Co has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Delica Foods Holdings Co's Altman Z2-Score compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Delica Foods Holdings Co ranks #1347 out of 1965 companies for Altman Z2-Score. This places Delica Foods Holdings Co in the lower half of its industry. The industry median Altman Z2-Score is 3.73. Delica Foods Holdings Co's value of 2.01 is 46.1% below this benchmark. Historically, Delica Foods Holdings Co's own Altman Z2-Score has ranged from 1.09 to 3.04 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 3.73, Delica Foods Holdings Co 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 Consumer Packaged Goods company?
The median Altman Z2-Score among Consumer Packaged Goods companies is 3.73, based on 1,965 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. Delica Foods Holdings Co's current Altman Z2-Score of 2.01 is 46.1% 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 Delica Foods Holdings Co and its competitors. For the Consumer Packaged Goods industry, the median Altman Z2-Score is 3.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delica Foods Holdings Co's current Altman Z2-Score is 2.01, which is near median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delica Foods Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Delica Foods Holdings Co (TSE:3392) is currently considered Modestly Overvalued. The stock's GF Value™ is 円708.68, compared to a current price of 円860.00 — trading 21.4% above its estimated fair value. The current Altman Z2-Score is 2.01, which is near median its 10-year median of 1.94 and 46.1% below the Consumer Packaged Goods industry median of 3.73. Delica Foods Holdings Co's overall GF Score™ is 67/100. 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 Delica Foods Holdings Co (TSE:3392), the current Altman Z2-Score is 2.01 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.
Is Delica Foods Holdings Co (TSE:3392) Overvalued in 2026?
Based on GuruFocus' analysis, Delica Foods Holdings Co stock appears to be overvalued.
The current stock price of 円860.00 is trading 21.4% above its estimated GF Value™ of 円708.68.
GuruFocus considers Delica Foods Holdings Co to be Modestly Overvalued.
Key valuation signals for TSE:3392:
Altman Z2-Score: 2.01 (near median its 10-year median of 1.94)
GF Value™: 円708.68 vs. price of 円860.00 (21.4% above fair value)
Industry Position: 46.1% below the Consumer Packaged Goods median (#1347 of 1965)
No single metric tells the full story. See the TSE:3392 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Delica Foods Holdings Co Ltd is mainly involved in the fruit and vegetable business, which involves the sale of whole vegetables to the restaurant industry, its activities in the ready-meal industry, and the manufacture and sale of cut vegetables and meal kits. In addition, the company is engaged in the logistics business, and research and development activities in the fruits and vegetables industry. The company along with its subsidiaries operates in the following reportable segments; Fruit and vegetable business which derives maximum revenue, Logistics business, Research and development and analysis business, and the Holding company.
67GF Score
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