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J Trust CoTSE:8508 -1.87%61 Altman Z2-Score is 5.38 as of Jul. 18, 2026, which is 2% above its 10-year median of 5.27. GuruFocus rates TSE:8508 with a GF Score™ of 61/100 and a GF Value™ of 円470.24 (Significantly Overvalued). The stock has 13 warning signs investors should review. Among 405 Diversified Financial Services companies, J Trust Co ranks worse than 58.27% 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:
J Trust Co has a Altman Z2-Score of 5.38, 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 J Trust Co's Altman Z2-Score or its related term are showing as below:
TSE:8508'
s Altman Z2-Score Range Over the Past 10 Years
Min: 2.28 Med: 5.27 Max: 5.77
Current: 5.38
During the past 13 years, J Trust Co's highest Altman Z2-Score was 5.77. The lowest was 2.28. And the median was 5.27.
J Trust Co (TSE:8508) 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.
J Trust Co Altman Z2-Score Related Terms
J Trust Co Altman Z2-Score Historical Data
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The historical data trend for J Trust 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:8508 vs VOYA, FRHC: Altman Z2-Score Comparison
For the Financial Conglomerates subindustry, J Trust 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.
J Trust Co Altman Z2-Score vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, J Trust Co's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where J Trust 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.
J Trust 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
*
0.7665
+
3.26
*
0.0377
+
6.72
*
0.0105
+
1.05
*
0.1466
=
5.38
* 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.
J Trust Co (TSE:8508) has a Altman Z2-Score of 5.38 as of Jul. 18, 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 J Trust Co and its competitors. This is near median its historical median of 5.27. Over the past decade, J Trust Co's Altman Z2-Score has ranged from 2.28 to 5.77. According to the industry distribution chart, J Trust Co ranks #236 out of 405 companies in the Diversified Financial Services industry, placing it in the top 58.3%.
Is J Trust Co's Altman Z2-Score too high?
J Trust Co's current Altman Z2-Score of 5.38 is near median its 10-year median of 5.27. Over the past 10 years, this metric has ranged from a low of 2.28 to a high of 5.77. The Diversified Financial Services industry median Altman Z2-Score is 11.16. J Trust Co's value of 5.38 is 51.8% below this industry median. Based on the distribution chart, J Trust Co ranks #236 out of 405 companies in the Diversified Financial Services industry, which is below the industry midpoint. Overall, J Trust Co has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does J Trust Co's Altman Z2-Score compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, J Trust Co ranks #236 out of 405 companies for Altman Z2-Score. This places J Trust Co in the lower half of its industry. The industry median Altman Z2-Score is 11.16. J Trust Co's value of 5.38 is 51.8% below this benchmark. Historically, J Trust Co's own Altman Z2-Score has ranged from 2.28 to 5.77 over the past decade. While the company's 10-year median is 5.27 vs. the industry median of 11.16, J Trust 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 a Diversified Financial Services company?
The median Altman Z2-Score among Diversified Financial Services companies is 11.16, based on 405 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. J Trust Co's current Altman Z2-Score of 5.38 is 51.8% 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 J Trust Co and its competitors. For the Diversified Financial Services industry, the median Altman Z2-Score is 11.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. J Trust Co's current Altman Z2-Score is 5.38, which is near median its own 10-year median of 5.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is J Trust Co stock overvalued right now?
Based on GuruFocus' analysis, J Trust Co (TSE:8508) is currently considered Significantly Overvalued. The stock's GF Value™ is 円470.24, compared to a current price of 円841.00 — trading 78.8% above its estimated fair value. The current Altman Z2-Score is 5.38, which is near median its 10-year median of 5.27 and 51.8% below the Diversified Financial Services industry median of 11.16. J Trust Co's overall GF Score™ is 61/100 with 13 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 J Trust Co (TSE:8508), the current Altman Z2-Score is 5.38 as of Jul. 18, 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 J Trust Co (TSE:8508) Overvalued in 2026?
Based on GuruFocus' analysis, J Trust Co stock appears to be overvalued.
The current stock price of 円841.00 is trading 78.8% above its estimated GF Value™ of 円470.24.
GuruFocus considers J Trust Co to be Significantly Overvalued.
Key valuation signals for TSE:8508:
Altman Z2-Score: 5.38 (near median its 10-year median of 5.27)
GF Value™: 円470.24 vs. price of 円841.00 (78.8% above fair value)
Industry Position: 51.8% below the Diversified Financial Services median (#236 of 405)
No single metric tells the full story. See the TSE:8508 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
J Trust Co Ltd is a Japan-based company that operates financial and nonfinancial businesses via several subsidiaries. The company's financial business includes a domestic financial business, which consists of credit guarantee, credit and consumer credit, collection of accounts receivable, and other financial services; a financial business in South Korea, which contains a savings bank business, capital business, and a collection of accounts receivable; and a financial business in Southeast Asia, which contains a banking business and a collection of accounts receivable. It's nonfinancial business includes a general entertainment business, a real estate business, an investment business, and other business. It generates around two thirds of its total revenue from its financial businesses.
61GF Score
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