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Nagawa CoTSE:9663 +0.98%68 Altman Z2-Score is 11.65 as of Jul. 22, 2026, which is 22% below its 10-year median of 14.86. GuruFocus rates TSE:9663 with a GF Score™ of 68/100 and a GF Value™ of 円7,160.74 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,768 Construction companies, Nagawa Co ranks better than 96.61% 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:
Nagawa Co has a Altman Z2-Score of 11.65, 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 Nagawa Co's Altman Z2-Score or its related term are showing as below:
TSE:9663'
s Altman Z2-Score Range Over the Past 10 Years
Min: 11.65 Med: 14.86 Max: 17.24
Current: 11.65
During the past 13 years, Nagawa Co's highest Altman Z2-Score was 17.24. The lowest was 11.65. And the median was 14.86.
Nagawa Co (TSE:9663) 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.
Nagawa Co Altman Z2-Score Related Terms
Nagawa Co Altman Z2-Score Historical Data
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The historical data trend for Nagawa 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:9663 vs PWR, FIX, EME: Altman Z2-Score Comparison
For the Engineering & Construction subindustry, Nagawa 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.
Nagawa Co Altman Z2-Score vs Construction Industry
For the Construction industry and Industrials sector, Nagawa Co's Altman Z2-Score distribution charts can be found below:
* The bar in red indicates where Nagawa 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.
Nagawa 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
*
0.2658
+
3.26
*
0.6555
+
6.72
*
0.0839
+
1.05
*
6.8646
=
11.65
* 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.
Nagawa Co (TSE:9663) has a Altman Z2-Score of 11.65 as of Jul. 22, 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 Nagawa Co and its competitors. This is 22% below median its historical median of 14.86. Over the past decade, Nagawa Co's Altman Z2-Score has ranged from 11.65 to 17.24. According to the industry distribution chart, Nagawa Co ranks #60 out of 1768 companies in the Construction industry, placing it in the top 3.4%.
Is Nagawa Co's Altman Z2-Score too high?
Nagawa Co's current Altman Z2-Score of 11.65 is 22% below median its 10-year median of 14.86. Over the past 10 years, this metric has ranged from a low of 11.65 to a high of 17.24. The Construction industry median Altman Z2-Score is 3.22. Nagawa Co's value of 11.65 is 261.8% above this industry median. Based on the distribution chart, Nagawa Co ranks #60 out of 1768 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Nagawa Co has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nagawa Co's Altman Z2-Score compare to PWR and FIX?
According to the Construction industry distribution chart, Nagawa Co ranks #60 out of 1768 companies for Altman Z2-Score. This places Nagawa Co in the top 3% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 3.22. Nagawa Co's value of 11.65 is 261.8% above this benchmark. Historically, Nagawa Co's own Altman Z2-Score has ranged from 11.65 to 17.24 over the past decade. While the company's 10-year median is 14.86 vs. the industry median of 3.22, Nagawa 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 a Construction company?
The median Altman Z2-Score among Construction companies is 3.22, based on 1,768 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. Nagawa Co's current Altman Z2-Score of 11.65 is 261.8% 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 Nagawa Co and its competitors. For the Construction industry, the median Altman Z2-Score is 3.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nagawa Co's current Altman Z2-Score is 11.65, which is 22% below median its own 10-year median of 14.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nagawa Co stock overvalued right now?
Based on GuruFocus' analysis, Nagawa Co (TSE:9663) is currently considered Modestly Undervalued. The stock's GF Value™ is 円7,160.74, compared to a current price of 円5,140.00 — trading 28.2% below its estimated fair value. The current Altman Z2-Score is 11.65, which is 22% below median its 10-year median of 14.86 and 261.8% above the Construction industry median of 3.22. Nagawa Co's overall GF Score™ is 68/100 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 Nagawa Co (TSE:9663), the current Altman Z2-Score is 11.65 as of Jul. 22, 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 Nagawa Co (TSE:9663) Overvalued in 2026?
Based on GuruFocus' analysis, Nagawa Co stock appears to be undervalued.
The current stock price of 円5,140.00 is trading 28.2% below its estimated GF Value™ of 円7,160.74.
GuruFocus considers Nagawa Co to be Modestly Undervalued.
Key valuation signals for TSE:9663:
Altman Z2-Score: 11.65 (22% below median its 10-year median of 14.86)
GF Value™: 円7,160.74 vs. price of 円5,140.00 (28.2% below fair value)
Industry Position: 261.8% above the Construction median (#60 of 1768)
No single metric tells the full story. See the TSE:9663 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nagawa Co Ltd is engaged in the manufacture, sale, and lease of modular buildings under the Super House brand in Japan. It operates through two business segments. The Prefabricated House segment is engaged in the manufacture, sale, and rental of prefabricated houses, the rental and sale of related office equipment, supplies, and electrical products for prefabricated houses. The Construction Equipment Rental segment is involved in the sale and rental of construction equipment. Also, it is engaged in the sale of gasoline, light diesel oil and others.
68GF Score
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