Benefit Japan CoTSE:3934 +0.45%81 Altman Z2-Score is 8.11 as of Jul. 12, 2026, which is 5% below its 10-year median of 8.51. GuruFocus rates TSE:3934 with a GF Score™ of 81/100 and a GF Value™ of 円1,882.52 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 361 Telecommunication Services companies, Benefit Japan Co ranks better than 93.35% 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:
Benefit Japan Co has a Altman Z2-Score of 8.11, 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 Benefit Japan Co's Altman Z2-Score or its related term are showing as below:
TSE:3934'
s Altman Z2-Score Range Over the Past 10 Years
Min: 6.91 Med: 8.51 Max: 10.43
Current: 8.11
During the past 12 years, Benefit Japan Co's highest Altman Z2-Score was 10.43. The lowest was 6.91. And the median was 8.51.
Benefit Japan Co (TSE:3934) 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.
Altman Z2-Score does not apply to financial companies.
Benefit Japan Co Altman Z2-Score Related Terms
Benefit Japan Co Altman Z2-Score Historical Data
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The historical data trend for Benefit Japan 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.
TSE:3934 vs TMUS, VZ, T: Altman Z2-Score Comparison
For the Telecom Services subindustry, Benefit Japan 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.
Benefit Japan Co Altman Z2-Score vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Benefit Japan Co's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Benefit Japan Co'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.
Benefit Japan 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
*
0.6055
+
3.26
*
0.5497
+
6.72
*
0.1047
+
1.05
*
1.5621
=
8.11
* 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.
Benefit Japan Co (TSE:3934) has a Altman Z2-Score of 8.11 as of Jul. 12, 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 Benefit Japan Co and its competitors. This is near median its historical median of 8.51. Over the past decade, Benefit Japan Co's Altman Z2-Score has ranged from 6.91 to 10.43. According to the industry distribution chart, Benefit Japan Co ranks #24 out of 361 companies in the Telecommunication Services industry, placing it in the top 6.6%.
Is Benefit Japan Co's Altman Z2-Score too high?
Benefit Japan Co's current Altman Z2-Score of 8.11 is near median its 10-year median of 8.51. Over the past 10 years, this metric has ranged from a low of 6.91 to a high of 10.43. The Telecommunication Services industry median Altman Z2-Score is 1.68. Benefit Japan Co's value of 8.11 is 382.7% above this industry median. Based on the distribution chart, Benefit Japan Co ranks #24 out of 361 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. Overall, Benefit Japan Co has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Benefit Japan Co's Altman Z2-Score compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Benefit Japan Co ranks #24 out of 361 companies for Altman Z2-Score. This places Benefit Japan Co in the top 7% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 1.68. Benefit Japan Co's value of 8.11 is 382.7% above this benchmark. Historically, Benefit Japan Co's own Altman Z2-Score has ranged from 6.91 to 10.43 over the past decade. While the company's 10-year median is 8.51 vs. the industry median of 1.68, Benefit Japan 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 a Telecommunication Services company?
The median Altman Z2-Score among Telecommunication Services companies is 1.68, based on 361 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. Benefit Japan Co's current Altman Z2-Score of 8.11 is 382.7% 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 Benefit Japan Co and its competitors. For the Telecommunication Services industry, the median Altman Z2-Score is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Benefit Japan Co's current Altman Z2-Score is 8.11, which is near median its own 10-year median of 8.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Benefit Japan Co stock overvalued right now?
Based on GuruFocus' analysis, Benefit Japan Co (TSE:3934) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,882.52, compared to a current price of 円2,215.00 — trading 17.7% above its estimated fair value. The current Altman Z2-Score is 8.11, which is near median its 10-year median of 8.51 and 382.7% above the Telecommunication Services industry median of 1.68. Benefit Japan Co's overall GF Score™ is 81/100 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 Benefit Japan Co (TSE:3934), the current Altman Z2-Score is 8.11 as of Jul. 12, 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 Benefit Japan Co (TSE:3934) Overvalued in 2026?
Based on GuruFocus' analysis, Benefit Japan Co stock appears to be overvalued.
The current stock price of 円2,215.00 is trading 17.7% above its estimated GF Value™ of 円1,882.52.
GuruFocus considers Benefit Japan Co to be Modestly Overvalued.
Key valuation signals for TSE:3934:
Altman Z2-Score: 8.11 (near median its 10-year median of 8.51)
GF Value™: 円1,882.52 vs. price of 円2,215.00 (17.7% above fair value)
Industry Position: 382.7% above the Telecommunication Services median (#24 of 361)
No single metric tells the full story. See the TSE:3934 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Benefit Japan Co Ltd provides communication services. The company is a mobile virtual network operator, as well as an FVNO (virtual fixed-line telecommunications operator) servicer and provides internet options services and content, and support services. It provides its services under the Only Service brand name. The company's reportable segments are the Internet communication services business and the robotics business. The company generates the majority of its revenue from the Internet communication services business.
81GF Score
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