TORICO Co (TSE:7138) Altman Z2-Score: 2.24 (As of Aug. 26, 2026) — 43% Below Median

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TSE:7138 TORICO Co Ltd TSE:7138
50 GF Score
Price 円199.00
GF Value 円84.59
Valuation Significantly Overvalued
! 3 Warning Signs
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What is TORICO Co Altman Z2-Score?

TORICO Co TSE:7138 50 Altman Z2-Score is 2.24 as of Aug. 26, 2026, which is 43% below its 10-year median of 3.91. GuruFocus rates TSE:7138 with a GF Score™ of 50/100 and a GF Value™ of 円84.59 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 556 Interactive Media companies, TORICO Co ranks worse than 54.14% 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.

TORICO Co has a Altman Z2-Score of 2.24, indicating it is in Grey Zones. This implies that TORICO Co is in some kind of financial stress. If it is below 1.1, the company may face bankrupcy risk.

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 TORICO Co's Altman Z2-Score or its related term are showing as below:

TSE:7138' s Altman Z2-Score Range Over the Past 10 Years
Min: 2.68   Med: 3.91   Max: 6.3
Current: 3.33

During the past 7 years, TORICO Co's highest Altman Z2-Score was 6.30. The lowest was 2.68. And the median was 3.91.


TORICO Co  (TSE:7138) 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.


TORICO Co Altman Z2-Score Related Terms


TORICO Co Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for TORICO 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.

TORICO Co Altman Z2-Score Chart

TORICO Co Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z2-Score
Get a 7-Day Free Trial 5.71 6.30 3.74 3.91 3.33

TORICO Co Quarterly Data
Mar20 Mar21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 4.09 5.51 5.29 3.33 0.00

TSE:7138 vs GOOGL, META, SPOT: Altman Z2-Score Comparison

For the Internet Content & Information subindustry, TORICO 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.


TORICO Co Altman Z2-Score vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, TORICO Co's Altman Z2-Score distribution charts can be found below:

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


TSE:7138
50GF Score
TORICO Co Ltd TSE:7138
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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TORICO 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.

TORICO 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*0.3813+3.26*-0.4121+6.72*-0.2642+1.05*2.7219
=2.24

* 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2,022 Mil.
Total Current Assets was 円1,266 Mil.
Total Current Liabilities was 円495 Mil.
Retained Earnings was 円-833 Mil.
Pre-Tax Income was -240.594 + -288.314 + 10.664 + -21.257 = 円-540 Mil.
Interest Expense was -0.623 + -0.423 + -1.35 + -2.785 = 円-5 Mil.
Total Liabilities was 円543 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
=(1266.453 - 495.317)/2022.435
=0.3813

X2=Retained Earnings/Total Assets
=-833.476/2022.435
=-0.4121

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(-539.501 - -5.181)/2022.435
=-0.2642

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(1479.041 - 0)/543.394
=2.7219

The zones of discrimination were as such:

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

TORICO Co has a Altman Z2-Score of 2.24 indicating it is in Grey Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 2.24 mean?
TORICO Co (TSE:7138) has a Altman Z2-Score of 2.24 as of Aug. 26, 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 TORICO Co and its competitors. This is 43% below median its historical median of 3.91. Over the past decade, TORICO Co's Altman Z2-Score has ranged from 2.68 to 6.30. According to the industry distribution chart, TORICO Co ranks #301 out of 556 companies in the Interactive Media industry, placing it in the top 54.1%.
Is TORICO Co's Altman Z2-Score too high?
TORICO Co's current Altman Z2-Score of 2.24 is 43% below median its 10-year median of 3.91. Over the past 10 years, this metric has ranged from a low of 2.68 to a high of 6.30. The Interactive Media industry median Altman Z2-Score is 4.05. TORICO Co's value of 2.24 is 44.7% below this industry median. Based on the distribution chart, TORICO Co ranks #301 out of 556 companies in the Interactive Media industry, which is below the industry midpoint. Overall, TORICO Co has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TORICO Co's Altman Z2-Score compare to GOOGL and META?
According to the Interactive Media industry distribution chart, TORICO Co ranks #301 out of 556 companies for Altman Z2-Score. This places TORICO Co in the lower half of its industry. The industry median Altman Z2-Score is 4.05. TORICO Co's value of 2.24 is 44.7% below this benchmark. Historically, TORICO Co's own Altman Z2-Score has ranged from 2.68 to 6.30 over the past decade. While the company's 10-year median is 3.91 vs. the industry median of 4.05, TORICO Co has consistently been below 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 Interactive Media company?
The median Altman Z2-Score among Interactive Media companies is 4.05, based on 556 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. TORICO Co's current Altman Z2-Score of 2.24 is 44.7% below 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 TORICO Co and its competitors. For the Interactive Media industry, the median Altman Z2-Score is 4.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TORICO Co's current Altman Z2-Score is 2.24, which is 43% below median its own 10-year median of 3.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TORICO Co stock overvalued right now?
Based on GuruFocus' analysis, TORICO Co (TSE:7138) is currently considered Significantly Overvalued. The stock's GF Value™ is 円84.59, compared to a current price of 円199.00 — trading 135.3% above its estimated fair value. The current Altman Z2-Score is 2.24, which is 43% below median its 10-year median of 3.91 and 44.7% below the Interactive Media industry median of 4.05. TORICO Co's overall GF Score™ is 50/100 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 TORICO Co (TSE:7138), the current Altman Z2-Score is 2.24 as of Aug. 26, 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 TORICO Co (TSE:7138) Overvalued in 2026?

Based on GuruFocus' analysis, TORICO Co stock appears to be overvalued. The current stock price of 円199.00 is trading 135.3% above its estimated GF Value™ of 円84.59. GuruFocus considers TORICO Co to be Significantly Overvalued.

Key valuation signals for TSE:7138:

  • Altman Z2-Score: 2.24 (43% below median its 10-year median of 3.91)
  • GF Value™: 円84.59 vs. price of 円199.00 (135.3% above fair value)
  • GF Score™: 50/100 with 3 warning signs
  • Industry Position: 44.7% below the Interactive Media median (#301 of 556)

No single metric tells the full story. See the TSE:7138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TORICO Co Business Description

Address 2-1-30 Kudan Minami, 9th floor, Italian Cultural Institute Building, Chiyoda-ku, Tokyo, JPN, 102-0072
TORICO Co Ltd is engaged in the operation of Comic EC MANGAZENKAN.COM and planning, development, marketing, and sales of Manga/Japanese animation goods and various Manga-based services.
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Altman Z2-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円199.00
Price
円84.59
GF Value