Waseda Academy Co (TSE:4718) Altman Z2-Score: 6.31 (As of Jul. 12, 2026) — 47% Above Median


TSE:4718 Waseda Academy Co Ltd TSE:4718
85 GF Score
Price 円2,455.00
GF Value 円2,111.55
Valuation Modestly Overvalued
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What is Waseda Academy Co Altman Z2-Score?

Waseda Academy Co TSE:4718 +0.90% 85 Altman Z2-Score is 6.31 as of Jul. 12, 2026, which is 47% above its 10-year median of 4.29. GuruFocus rates TSE:4718 with a GF Score™ of 85/100 and a GF Value™ of 円2,111.55 (Modestly Overvalued). Among 256 Education companies, Waseda Academy Co ranks better than 73.44% 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:

Waseda Academy Co has a Altman Z2-Score of 6.31, 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 Waseda Academy Co's Altman Z2-Score or its related term are showing as below:

TSE:4718' s Altman Z2-Score Range Over the Past 10 Years
Min: 2.32   Med: 4.29   Max: 6.31
Current: 6.31

During the past 13 years, Waseda Academy Co's highest Altman Z2-Score was 6.31. The lowest was 2.32. And the median was 4.29.


Waseda Academy Co  (TSE:4718) 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.


Waseda Academy Co Altman Z2-Score Related Terms


Waseda Academy Co Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Waseda Academy 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.

Waseda Academy Co Altman Z2-Score Chart

Waseda Academy 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 4.32 4.76 5.44 5.73 6.31

Waseda Academy Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 5.44 5.51 5.73 0.00 6.31

TSE:4718 vs EDU, TAL, LAUR: Altman Z2-Score Comparison

For the Education & Training Services subindustry, Waseda Academy 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.


Waseda Academy Co Altman Z2-Score vs Education Industry

For the Education industry and Consumer Defensive sector, Waseda Academy Co's Altman Z2-Score distribution charts can be found below:

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


TSE:4718
85GF Score
Waseda Academy Co Ltd TSE:4718
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Waseda Academy 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.

Waseda Academy 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*0.2976+3.26*0.4988+6.72*0.1378+1.05*1.7176
=6.31

* 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26,198 Mil.
Total Current Assets was 円13,817 Mil.
Total Current Liabilities was 円6,021 Mil.
Retained Earnings was 円13,068 Mil.
Pre-Tax Income was 円3,599 Mil.
Interest Expense was 円-10 Mil.
Total Liabilities was 円9,640 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
=(13817.198 - 6020.673)/26197.878
=0.2976

X2=Retained Earnings/Total Assets
=13067.526/26197.878
=0.4988

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(3599.048 - -10.25)/26197.878
=0.1378

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(16557.624 - 0)/9640.254
=1.7176

The zones of discrimination were as such:

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

Waseda Academy Co has a Altman Z2-Score of 6.31 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 6.31 mean?
Waseda Academy Co (TSE:4718) has a Altman Z2-Score of 6.31 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 Waseda Academy Co and its competitors. This is 47% above median its historical median of 4.29. Over the past decade, Waseda Academy Co's Altman Z2-Score has ranged from 2.32 to 6.31. According to the industry distribution chart, Waseda Academy Co ranks #68 out of 256 companies in the Education industry, placing it in the top 26.6%.
Is Waseda Academy Co's Altman Z2-Score too high?
Waseda Academy Co's current Altman Z2-Score of 6.31 is 47% above median its 10-year median of 4.29. Over the past 10 years, this metric has ranged from a low of 2.32 to a high of 6.31. The Education industry median Altman Z2-Score is 3.11. Waseda Academy Co's value of 6.31 is 102.9% above this industry median. Based on the distribution chart, Waseda Academy Co ranks #68 out of 256 companies in the Education industry, which is above the industry midpoint. Overall, Waseda Academy Co has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Waseda Academy Co's Altman Z2-Score compare to EDU and TAL?
According to the Education industry distribution chart, Waseda Academy Co ranks #68 out of 256 companies for Altman Z2-Score. This puts Waseda Academy Co in the upper half of its industry. The industry median Altman Z2-Score is 3.11. Waseda Academy Co's value of 6.31 is 102.9% above this benchmark. Historically, Waseda Academy Co's own Altman Z2-Score has ranged from 2.32 to 6.31 over the past decade. While the company's 10-year median is 4.29 vs. the industry median of 3.11, Waseda Academy 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 Education company?
The median Altman Z2-Score among Education companies is 3.11, based on 256 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. Waseda Academy Co's current Altman Z2-Score of 6.31 is 102.9% 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 Waseda Academy Co and its competitors. For the Education industry, the median Altman Z2-Score is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Waseda Academy Co's current Altman Z2-Score is 6.31, which is 47% above median its own 10-year median of 4.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Waseda Academy Co stock overvalued right now?
Based on GuruFocus' analysis, Waseda Academy Co (TSE:4718) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,111.55, compared to a current price of 円2,455.00 — trading 16.3% above its estimated fair value. The current Altman Z2-Score is 6.31, which is 47% above median its 10-year median of 4.29 and 102.9% above the Education industry median of 3.11. Waseda Academy Co's overall GF Score™ is 85/100. 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 Waseda Academy Co (TSE:4718), the current Altman Z2-Score is 6.31 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 Waseda Academy Co (TSE:4718) Overvalued in 2026?

Based on GuruFocus' analysis, Waseda Academy Co stock appears to be overvalued. The current stock price of 円2,455.00 is trading 16.3% above its estimated GF Value™ of 円2,111.55. GuruFocus considers Waseda Academy Co to be Modestly Overvalued.

Key valuation signals for TSE:4718:

  • Altman Z2-Score: 6.31 (47% above median its 10-year median of 4.29)
  • GF Value™: 円2,111.55 vs. price of 円2,455.00 (16.3% above fair value)
  • GF Score™: 85/100
  • Industry Position: 102.9% above the Education median (#68 of 256)

No single metric tells the full story. See the TSE:4718 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Waseda Academy Co Business Description

Address 171-0022 9th floor, Diamond Gate Ikebukuro, 1-16-15 Minami-Ikebukuro, Toshima-ku, Tokyo, JPN, 171-0014
Waseda Academy Co Ltd is engaged in the management of preparatory schools for elementary, junior high and high school students.
85GF Score

Get the complete analysis for TSE:4718

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

円2,455.00
Price
円2,111.55
GF Value