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Just PlanningTSE:4287 -0.86%82 Altman Z2-Score is 20.02 as of Jul. 14, 2026, which is 4% above its 10-year median of 19.17. GuruFocus rates TSE:4287 with a GF Score™ of 82/100 and a GF Value™ of 円482.47 (Fairly Valued). Among 2,487 Hardware companies, Just Planning ranks better than 97.67% 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:
Just Planning has a Altman Z2-Score of 20.02, 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 Just Planning's Altman Z2-Score or its related term are showing as below:
TSE:4287'
s Altman Z2-Score Range Over the Past 10 Years
Min: 17.62 Med: 19.17 Max: 21.11
Current: 18.14
During the past 13 years, Just Planning's highest Altman Z2-Score was 21.11. The lowest was 17.62. And the median was 19.17.
Just Planning (TSE:4287) 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.
Just Planning Altman Z2-Score Related Terms
Just Planning Altman Z2-Score Historical Data
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The historical data trend for Just Planning'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:4287 vs SNDK, DELL, STX: Altman Z2-Score Comparison
For the Computer Hardware subindustry, Just Planning'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.
Just Planning Altman Z2-Score vs Hardware Industry
For the Hardware industry and Technology sector, Just Planning's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Just Planning'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.
Just Planning'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
*
0.7805
+
3.26
*
0.8486
+
6.72
*
0.1144
+
1.05
*
10.8223
=
20.02
* 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.
Just Planning (TSE:4287) has a Altman Z2-Score of 20.02 as of Jul. 14, 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 Just Planning and its competitors. This is near median its historical median of 19.17. Over the past decade, Just Planning's Altman Z2-Score has ranged from 17.62 to 21.11. According to the industry distribution chart, Just Planning ranks #58 out of 2487 companies in the Hardware industry, placing it in the top 2.3%.
Is Just Planning's Altman Z2-Score too high?
Just Planning's current Altman Z2-Score of 20.02 is near median its 10-year median of 19.17. Over the past 10 years, this metric has ranged from a low of 17.62 to a high of 21.11. The Hardware industry median Altman Z2-Score is 4.09. Just Planning's value of 20.02 is 389.5% above this industry median. Based on the distribution chart, Just Planning ranks #58 out of 2487 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Just Planning has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Just Planning's Altman Z2-Score compare to SNDK and DELL?
According to the Hardware industry distribution chart, Just Planning ranks #58 out of 2487 companies for Altman Z2-Score. This places Just Planning in the top 2% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 4.09. Just Planning's value of 20.02 is 389.5% above this benchmark. Historically, Just Planning's own Altman Z2-Score has ranged from 17.62 to 21.11 over the past decade. While the company's 10-year median is 19.17 vs. the industry median of 4.09, Just Planning 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 Hardware company?
The median Altman Z2-Score among Hardware companies is 4.09, based on 2,487 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. Just Planning's current Altman Z2-Score of 20.02 is 389.5% 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 Just Planning and its competitors. For the Hardware industry, the median Altman Z2-Score is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Just Planning's current Altman Z2-Score is 20.02, which is near median its own 10-year median of 19.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Just Planning stock overvalued right now?
Based on GuruFocus' analysis, Just Planning (TSE:4287) is currently considered Fairly Valued. The stock's GF Value™ is 円482.47, compared to a current price of 円460.00 — trading 4.7% below its estimated fair value. The current Altman Z2-Score is 20.02, which is near median its 10-year median of 19.17 and 389.5% above the Hardware industry median of 4.09. Just Planning's overall GF Score™ is 82/100. 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 Just Planning (TSE:4287), the current Altman Z2-Score is 20.02 as of Jul. 14, 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 Just Planning (TSE:4287) Overvalued in 2026?
Based on GuruFocus' analysis, Just Planning stock appears to be undervalued.
The current stock price of 円460.00 is trading 4.7% below its estimated GF Value™ of 円482.47.
GuruFocus considers Just Planning to be Fairly Valued.
Key valuation signals for TSE:4287:
Altman Z2-Score: 20.02 (near median its 10-year median of 19.17)
GF Value™: 円482.47 vs. price of 円460.00 (4.7% below fair value)
Industry Position: 389.5% above the Hardware median (#58 of 2487)
No single metric tells the full story. See the TSE:4287 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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