Feedforce Group (TSE:7068) Altman Z2-Score: 6.31 (As of Jul. 06, 2026) — 55% Above Median


TSE:7068 Feedforce Group Inc TSE:7068
72 GF Score
Price 円553.00
GF Value 円745.53
Valuation Modestly Undervalued
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What is Feedforce Group Altman Z2-Score?

Feedforce Group TSE:7068 +2.41% 72 Altman Z2-Score is 6.31 as of Jul. 06, 2026, which is 55% above its 10-year median of 4.07. GuruFocus rates TSE:7068 with a GF Score™ of 72/100 and a GF Value™ of 円745.53 (Modestly Undervalued). Among 1,019 Media - Diversified companies, Feedforce Group ranks better than 71.54% 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:

Feedforce Group 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 Feedforce Group's Altman Z2-Score or its related term are showing as below:

TSE:7068' s Altman Z2-Score Range Over the Past 10 Years
Min: 0.85   Med: 4.07   Max: 5.71
Current: 5.71

During the past 10 years, Feedforce Group's highest Altman Z2-Score was 5.71. The lowest was 0.85. And the median was 4.07.


Feedforce Group  (TSE:7068) 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.


Feedforce Group Altman Z2-Score Related Terms


Feedforce Group Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Feedforce Group'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.

Feedforce Group Altman Z2-Score Chart

Feedforce Group Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.07 4.22 4.65 5.13 0.00

Feedforce Group Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 May25 Aug25 Nov25 Feb26 May26
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 5.13 5.41 5.31 5.71 0.00

TSE:7068 vs APP, OMC, TTD: Altman Z2-Score Comparison

For the Advertising Agencies subindustry, Feedforce Group'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.


Feedforce Group Altman Z2-Score vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Feedforce Group's Altman Z2-Score distribution charts can be found below:

* The bar in red indicates where Feedforce Group's Altman Z2-Score falls into.


TSE:7068
72GF Score
Feedforce Group Inc TSE:7068
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Feedforce Group 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.

Feedforce Group'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*0.4304+3.26*0.4287+6.72*0.1858+1.05*0.802
=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 Feb. 2026:
Total Assets was 円8,502 Mil.
Total Current Assets was 円7,287 Mil.
Total Current Liabilities was 円3,628 Mil.
Retained Earnings was 円3,645 Mil.
Pre-Tax Income was 543 + 509 + 0 + 506 = 円1,558 Mil.
Interest Expense was -9 + -7 + 0 + -6 = 円-22 Mil.
Total Liabilities was 円4,718 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
=(7287 - 3628)/8502
=0.4304

X2=Retained Earnings/Total Assets
=3645/8502
=0.4287

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1558 - -22)/8502
=0.1858

The zones of discrimination were as such:

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

Feedforce Group 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?
Feedforce Group (TSE:7068) has a Altman Z2-Score of 6.31 as of Jul. 06, 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 Feedforce Group and its competitors. This is 55% above median its historical median of 4.07. Over the past decade, Feedforce Group's Altman Z2-Score has ranged from 0.85 to 5.71. According to the industry distribution chart, Feedforce Group ranks #290 out of 1019 companies in the Media - Diversified industry, placing it in the top 28.5%.
Is Feedforce Group's Altman Z2-Score too high?
Feedforce Group's current Altman Z2-Score of 6.31 is 55% above median its 10-year median of 4.07. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 5.71. The Media - Diversified industry median Altman Z2-Score is 2.53. Feedforce Group's value of 6.31 is 149.4% above this industry median. Based on the distribution chart, Feedforce Group ranks #290 out of 1019 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Feedforce Group has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Feedforce Group's Altman Z2-Score compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Feedforce Group ranks #290 out of 1019 companies for Altman Z2-Score. This puts Feedforce Group in the upper half of its industry. The industry median Altman Z2-Score is 2.53. Feedforce Group's value of 6.31 is 149.4% above this benchmark. Historically, Feedforce Group's own Altman Z2-Score has ranged from 0.85 to 5.71 over the past decade. While the company's 10-year median is 4.07 vs. the industry median of 2.53, Feedforce Group 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 Media - Diversified company?
The median Altman Z2-Score among Media - Diversified companies is 2.53, based on 1,019 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. Feedforce Group's current Altman Z2-Score of 6.31 is 149.4% 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 Feedforce Group and its competitors. For the Media - Diversified industry, the median Altman Z2-Score is 2.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Feedforce Group's current Altman Z2-Score is 6.31, which is 55% above median its own 10-year median of 4.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Feedforce Group stock overvalued right now?
Based on GuruFocus' analysis, Feedforce Group (TSE:7068) is currently considered Modestly Undervalued. The stock's GF Value™ is 円745.53, compared to a current price of 円553.00 — trading 25.8% below its estimated fair value. The current Altman Z2-Score is 6.31, which is 55% above median its 10-year median of 4.07 and 149.4% above the Media - Diversified industry median of 2.53. Feedforce Group's overall GF Score™ is 72/100. 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 Feedforce Group (TSE:7068), the current Altman Z2-Score is 6.31 as of Jul. 06, 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 Feedforce Group (TSE:7068) Overvalued in 2026?

Based on GuruFocus' analysis, Feedforce Group stock appears to be undervalued. The current stock price of 円553.00 is trading 25.8% below its estimated GF Value™ of 円745.53. GuruFocus considers Feedforce Group to be Modestly Undervalued.

Key valuation signals for TSE:7068:

  • Altman Z2-Score: 6.31 (55% above median its 10-year median of 4.07)
  • GF Value™: 円745.53 vs. price of 円553.00 (25.8% below fair value)
  • GF Score™: 72/100
  • Industry Position: 149.4% above the Media - Diversified median (#290 of 1019)

No single metric tells the full story. See the TSE:7068 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Feedforce Group Business Description

Address 1-2-6 Minamiaoyama, Minato-ku, 3rd Floor Lattice Aoyama Square, Tokyo, JPN, 107-0062
Feedforce Group Inc is involved in the data feed business, digital advertising business, social media marketing business, and other businesses. The company has three reportable segments are Professional Services Business, SaaS Business, and DX Business. The Professional Services Business consists of two main services, Anagrams and DF PLUS, and provides marketing support and solutions that utilize data feeds and listings to businesses, mainly enterprise companies. The SaaS Business consists of three main services: Social PLUS, dfplus.io, and EC Booster. The DX Business consists of four main services: App Unity, Rewire, FRACTA, and Shippinno.
72GF Score

Get the complete analysis for TSE:7068

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

円553.00
Price
円745.53
GF Value