ZIGExN Co (TSE:3679) Altman Z2-Score: 4.88 (As of Jul. 05, 2026) — Near Median


TSE:3679 ZIGExN Co Ltd TSE:3679
79 GF Score
Price 円391.00
GF Value 円685.21
Valuation Possible Value Trap
! 2 Warning Signs
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What is ZIGExN Co Altman Z2-Score?

ZIGExN Co TSE:3679 -0.76% 79 Altman Z2-Score is 4.88 as of Jul. 05, 2026, which is 3% below its 10-year median of 5.04. GuruFocus rates TSE:3679 with a GF Score™ of 79/100 and a GF Value™ of 円685.21 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 565 Interactive Media companies, ZIGExN Co ranks better than 54.34% 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:

ZIGExN Co has a Altman Z2-Score of 4.88, 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 ZIGExN Co's Altman Z2-Score or its related term are showing as below:

TSE:3679' s Altman Z2-Score Range Over the Past 10 Years
Min: 4.29   Med: 5.04   Max: 7.03
Current: 4.88

During the past 13 years, ZIGExN Co's highest Altman Z2-Score was 7.03. The lowest was 4.29. And the median was 5.04.


ZIGExN Co  (TSE:3679) 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.


ZIGExN Co Altman Z2-Score Related Terms


ZIGExN Co Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for ZIGExN 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.

ZIGExN Co Altman Z2-Score Chart

ZIGExN Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.98 4.29 5.14 4.76 4.88

ZIGExN Co 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 4.76 4.99 4.48 4.66 4.88

TSE:3679 vs GOOGL, META, SPOT: Altman Z2-Score Comparison

For the Internet Content & Information subindustry, ZIGExN 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.


ZIGExN Co Altman Z2-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, ZIGExN Co's Altman Z2-Score distribution charts can be found below:

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


TSE:3679
79GF Score
ZIGExN Co Ltd TSE:3679
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ZIGExN 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.

ZIGExN 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*0.1066+3.26*0.5784+6.72*0.1476+1.05*1.2434
=4.88

* 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 円40,556 Mil.
Total Current Assets was 円19,727 Mil.
Total Current Liabilities was 円15,404 Mil.
Retained Earnings was 円23,458 Mil.
Pre-Tax Income was 1754 + 1313 + 1470 + 1409 = 円5,946 Mil.
Interest Expense was -13 + -12 + -3 + -11 = 円-39 Mil.
Total Liabilities was 円18,103 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
=(19727 - 15404)/40556
=0.1066

X2=Retained Earnings/Total Assets
=23458/40556
=0.5784

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(5946 - -39)/40556
=0.1476

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(22510 - 0)/18103
=1.2434

The zones of discrimination were as such:

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

ZIGExN Co has a Altman Z2-Score of 4.88 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 4.88 mean?
ZIGExN Co (TSE:3679) has a Altman Z2-Score of 4.88 as of Jul. 05, 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 ZIGExN Co and its competitors. This is near median its historical median of 5.04. Over the past decade, ZIGExN Co's Altman Z2-Score has ranged from 4.29 to 7.03. According to the industry distribution chart, ZIGExN Co ranks #258 out of 565 companies in the Interactive Media industry, placing it in the top 45.7%.
Is ZIGExN Co's Altman Z2-Score too high?
ZIGExN Co's current Altman Z2-Score of 4.88 is near median its 10-year median of 5.04. Over the past 10 years, this metric has ranged from a low of 4.29 to a high of 7.03. The Interactive Media industry median Altman Z2-Score is 4.10. ZIGExN Co's value of 4.88 is 19% above this industry median. Based on the distribution chart, ZIGExN Co ranks #258 out of 565 companies in the Interactive Media industry, which is above the industry midpoint. Overall, ZIGExN Co has a GF Score™ of 79/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ZIGExN Co's Altman Z2-Score compare to GOOGL and META?
According to the Interactive Media industry distribution chart, ZIGExN Co ranks #258 out of 565 companies for Altman Z2-Score. This puts ZIGExN Co in the upper half of its industry. The industry median Altman Z2-Score is 4.10. ZIGExN Co's value of 4.88 is 19% above this benchmark. Historically, ZIGExN Co's own Altman Z2-Score has ranged from 4.29 to 7.03 over the past decade. While the company's 10-year median is 5.04 vs. the industry median of 4.10, ZIGExN 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 an Interactive Media company?
The median Altman Z2-Score among Interactive Media companies is 4.10, based on 565 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. ZIGExN Co's current Altman Z2-Score of 4.88 is 19% 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 ZIGExN Co and its competitors. For the Interactive Media industry, the median Altman Z2-Score is 4.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZIGExN Co's current Altman Z2-Score is 4.88, which is near median its own 10-year median of 5.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZIGExN Co stock overvalued right now?
Based on GuruFocus' analysis, ZIGExN Co (TSE:3679) is currently considered Possible Value Trap. The stock's GF Value™ is 円685.21, compared to a current price of 円391.00 — trading 42.9% below its estimated fair value. The current Altman Z2-Score is 4.88, which is near median its 10-year median of 5.04 and 19% above the Interactive Media industry median of 4.10. ZIGExN Co's overall GF Score™ is 79/100 with 2 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 ZIGExN Co (TSE:3679), the current Altman Z2-Score is 4.88 as of Jul. 05, 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 ZIGExN Co (TSE:3679) Overvalued in 2026?

Based on GuruFocus' analysis, ZIGExN Co stock appears to be undervalued. The current stock price of 円391.00 is trading 42.9% below its estimated GF Value™ of 円685.21. GuruFocus considers ZIGExN Co to be Possible Value Trap.

Key valuation signals for TSE:3679:

  • Altman Z2-Score: 4.88 (near median its 10-year median of 5.04)
  • GF Value™: 円685.21 vs. price of 円391.00 (42.9% below fair value)
  • GF Score™: 79/100 with 2 warning signs
  • Industry Position: 19% above the Interactive Media median (#258 of 565)

No single metric tells the full story. See the TSE:3679 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ZIGExN Co Business Description

Other Exchanges ZGXNF:USAZGE:Germany
Address 3-4-8 Toranomon, 5th FloorMinato-k, Tokyo, JPN, 105-0001
ZIGExN Co Ltd develops and operates the internet media platforms called EX Sites that provide information from multiple media and submit user's requests to multiple media in one access. The company's Life Media Platform business developed services to a wide range of areas related to daily life. The company operates career change EX, an employment site, Rent SMOCCA EX, a search site for real estate information, Pharmacist jobs EX, a pharmacist job search site, among others.
79GF Score

Get the complete analysis for TSE:3679

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

円391.00
Price
円685.21
GF Value