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Optorun CoTSE:6235 -0.69%79 Altman Z2-Score is 5.64 as of Jul. 15, 2026, which is 27% below its 10-year median of 7.72. GuruFocus rates TSE:6235 with a GF Score™ of 79/100 and a GF Value™ of 円2,156.66 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 3,035 Industrial Products companies, Optorun Co ranks better than 75.68% 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:
Optorun Co has a Altman Z2-Score of 5.64, 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 Optorun Co's Altman Z2-Score or its related term are showing as below:
TSE:6235'
s Altman Z2-Score Range Over the Past 10 Years
Min: 3.98 Med: 7.72 Max: 9.41
Current: 6.95
During the past 11 years, Optorun Co's highest Altman Z2-Score was 9.41. The lowest was 3.98. And the median was 7.72.
Optorun Co (TSE:6235) 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.
Optorun Co Altman Z2-Score Related Terms
Optorun Co Altman Z2-Score Historical Data
* Premium members only.
The historical data trend for Optorun 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:6235 vs GEV, ETN, PH: Altman Z2-Score Comparison
For the Specialty Industrial Machinery subindustry, Optorun 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.
Optorun Co Altman Z2-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Optorun Co's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Optorun 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.
Optorun 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
*
0.3124
+
3.26
*
0.3632
+
6.72
*
0.0333
+
1.05
*
2.0786
=
5.64
* 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.
Optorun Co (TSE:6235) has a Altman Z2-Score of 5.64 as of Jul. 15, 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 Optorun Co and its competitors. This is 27% below median its historical median of 7.72. Over the past decade, Optorun Co's Altman Z2-Score has ranged from 3.98 to 9.41. According to the industry distribution chart, Optorun Co ranks #738 out of 3035 companies in the Industrial Products industry, placing it in the top 24.3%.
Is Optorun Co's Altman Z2-Score too high?
Optorun Co's current Altman Z2-Score of 5.64 is 27% below median its 10-year median of 7.72. Over the past 10 years, this metric has ranged from a low of 3.98 to a high of 9.41. The Industrial Products industry median Altman Z2-Score is 4.28. Optorun Co's value of 5.64 is 31.8% above this industry median. Based on the distribution chart, Optorun Co ranks #738 out of 3035 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Optorun Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Optorun Co's Altman Z2-Score compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Optorun Co ranks #738 out of 3035 companies for Altman Z2-Score. This places Optorun Co in the top 24% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 4.28. Optorun Co's value of 5.64 is 31.8% above this benchmark. Historically, Optorun Co's own Altman Z2-Score has ranged from 3.98 to 9.41 over the past decade. While the company's 10-year median is 7.72 vs. the industry median of 4.28, Optorun 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 Industrial Products company?
The median Altman Z2-Score among Industrial Products companies is 4.28, based on 3,035 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. Optorun Co's current Altman Z2-Score of 5.64 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 Optorun Co and its competitors. For the Industrial Products industry, the median Altman Z2-Score is 4.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Optorun Co's current Altman Z2-Score is 5.64, which is 27% below median its own 10-year median of 7.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Optorun Co stock overvalued right now?
Based on GuruFocus' analysis, Optorun Co (TSE:6235) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,156.66, compared to a current price of 円3,580.00 — trading 66% above its estimated fair value. The current Altman Z2-Score is 5.64, which is 27% below median its 10-year median of 7.72 and 31.8% above the Industrial Products industry median of 4.28. Optorun Co's overall GF Score™ is 79/100 with 4 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 Optorun Co (TSE:6235), the current Altman Z2-Score is 5.64 as of Jul. 15, 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 Optorun Co (TSE:6235) Overvalued in 2026?
Based on GuruFocus' analysis, Optorun Co stock appears to be overvalued.
The current stock price of 円3,580.00 is trading 66% above its estimated GF Value™ of 円2,156.66.
GuruFocus considers Optorun Co to be Significantly Overvalued.
Key valuation signals for TSE:6235:
Altman Z2-Score: 5.64 (27% below median its 10-year median of 7.72)
GF Value™: 円2,156.66 vs. price of 円3,580.00 (66% above fair value)
Industry Position: 31.8% above the Industrial Products median (#738 of 3035)
No single metric tells the full story. See the TSE:6235 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Optorun Co Ltd is engaged in manufacturing, distribution and import/export of vacuum coating machines, peripheral equipment, and units using vacuum coating products. Precise control and physical vapor deposition (PVD) speed stabilization, are the pillars of thin film manufacturing technology. It uses such technology for the performance of RF ion sources, optical film thickness monitors, and sensor units. The company utilizes vacuum deposition equipment in the antireflection coating and hard coating for mobile phones, heat transmission mirrors are used in medical lighting, DVD pickup lenses, and other products.
79GF Score
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