Environment Friendly HoldingsTSE:3777 +2.04%52 Altman Z2-Score is 4.04 as of Jul. 05, 2026, which is 69% below its 10-year median of 12.96. GuruFocus rates TSE:3777 with a GF Score™ of 52/100 and a GF Value™ of 円6.87 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,824 Software companies, Environment Friendly Holdings ranks better than 57.72% 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:
Environment Friendly Holdings has a Altman Z2-Score of 4.04, 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 Environment Friendly Holdings's Altman Z2-Score or its related term are showing as below:
TSE:3777'
s Altman Z2-Score Range Over the Past 10 Years
Min: -52.61 Med: 12.96 Max: 37.51
Current: 4.04
During the past 13 years, Environment Friendly Holdings's highest Altman Z2-Score was 37.51. The lowest was -52.61. And the median was 12.96.
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.
TSE:3777 vs UBER, SHOP, CRM: Altman Z2-Score Comparison
For the Software - Application subindustry, Environment Friendly 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.
Environment Friendly Holdings Altman Z2-Score vs Software Industry
For the Software industry and Technology sector, Environment Friendly Holdings's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Environment Friendly Holdings's Altman Z2-Score falls into.
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.
Environment Friendly Holdings (TSE:3777) has a Altman Z2-Score of 4.04 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 Environment Friendly Holdings and its competitors. This is 69% below median its historical median of 12.96. According to the industry distribution chart, Environment Friendly Holdings ranks #1194 out of 2824 companies in the Software industry, placing it in the top 42.3%.
Is Environment Friendly Holdings' Altman Z2-Score too high?
Environment Friendly Holdings' current Altman Z2-Score of 4.04 is 69% below median its 10-year median of 12.96. The Software industry median Altman Z2-Score is 3.07. Environment Friendly Holdings' value of 4.04 is 31.8% above this industry median. Based on the distribution chart, Environment Friendly Holdings ranks #1194 out of 2824 companies in the Software industry, which is above the industry midpoint. Overall, Environment Friendly Holdings has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Environment Friendly Holdings' Altman Z2-Score compare to UBER and SHOP?
According to the Software industry distribution chart, Environment Friendly Holdings ranks #1194 out of 2824 companies for Altman Z2-Score. This puts Environment Friendly Holdings in the upper half of its industry. The industry median Altman Z2-Score is 3.07. Environment Friendly Holdings' value of 4.04 is 31.8% above this benchmark. While the company's 10-year median is 12.96 vs. the industry median of 3.07, Environment Friendly Holdings 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 Software company?
The median Altman Z2-Score among Software companies is 3.07, based on 2,824 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. Environment Friendly Holdings's current Altman Z2-Score of 4.04 is 31.8% 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 Environment Friendly Holdings and its competitors. For the Software industry, the median Altman Z2-Score is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Environment Friendly Holdings's current Altman Z2-Score is 4.04, which is 69% below median its own 10-year median of 12.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Environment Friendly Holdings stock overvalued right now?
Based on GuruFocus' analysis, Environment Friendly Holdings (TSE:3777) is currently considered Significantly Overvalued. The stock's GF Value™ is 円6.87, compared to a current price of 円50.00 — trading 627.8% above its estimated fair value. The current Altman Z2-Score is 4.04, which is 69% below median its 10-year median of 12.96 and 31.8% above the Software industry median of 3.07. Environment Friendly Holdings' overall GF Score™ is 52/100 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 Environment Friendly Holdings (TSE:3777), the current Altman Z2-Score is 4.04 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 Environment Friendly Holdings (TSE:3777) Overvalued in 2026?
Based on GuruFocus' analysis, Environment Friendly Holdings stock appears to be overvalued.
The current stock price of 円50.00 is trading 627.8% above its estimated GF Value™ of 円6.87.
GuruFocus considers Environment Friendly Holdings to be Significantly Overvalued.
Key valuation signals for TSE:3777:
Altman Z2-Score: 4.04 (69% below median its 10-year median of 12.96)
GF Value™: 円6.87 vs. price of 円50.00 (627.8% above fair value)
Industry Position: 31.8% above the Software median (#1194 of 2824)
No single metric tells the full story. See the TSE:3777 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Environment Friendly Holdings Business Description
Environment Friendly Holdings Corp has three segments: Natural Resources & Energy, Reuse Business, and Environmental Business. The Natural Resources & Energy segment deals with biomass, sorghum, solar power development, electricity retail, and energy consulting. The Reuse Business involves selling new and used appliances, ICT platform and web system development, and cybersecurity services. The Environmental Business handles installation, maintenance, and repair of multi-story parking lots, as well as facility management for apartments and office buildings.
52GF Score
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