Ginza Renoir Co (TSE:9853) Altman Z2-Score: 3.05 (As of Jul. 11, 2026) — Near Median


TSE:9853 Ginza Renoir Co Ltd TSE:9853
72 GF Score
Price 円904.00
GF Value 円1,044.37
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Ginza Renoir Co Altman Z2-Score?

Ginza Renoir Co TSE:9853 72 Altman Z2-Score is 3.05 as of Jul. 11, 2026, which is 7% below its 10-year median of 3.29. GuruFocus rates TSE:9853 with a GF Score™ of 72/100 and a GF Value™ of 円1,044.37 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 358 Restaurants companies, Ginza Renoir Co ranks better than 75.7% 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:

Ginza Renoir Co has a Altman Z2-Score of 3.05, 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 Ginza Renoir Co's Altman Z2-Score or its related term are showing as below:

TSE:9853' s Altman Z2-Score Range Over the Past 10 Years
Min: -0.62   Med: 3.29   Max: 9.86
Current: 3.05

During the past 13 years, Ginza Renoir Co's highest Altman Z2-Score was 9.86. The lowest was -0.62. And the median was 3.29.


Ginza Renoir Co  (TSE:9853) 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.


Ginza Renoir Co Altman Z2-Score Related Terms


Ginza Renoir Co Altman Z2-Score Historical Data

* Premium members only.

The historical data trend for Ginza Renoir 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.

Ginza Renoir Co Altman Z2-Score Chart

Ginza Renoir Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z2-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.53 2.30 2.29 2.28 3.05

Ginza Renoir Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 2.29 2.13 2.28 0.00 3.05

TSE:9853 vs MCD, SBUX, YUM: Altman Z2-Score Comparison

For the Restaurants subindustry, Ginza Renoir 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.


Ginza Renoir Co Altman Z2-Score vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Ginza Renoir Co's Altman Z2-Score distribution charts can be found below:

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


TSE:9853
72GF Score
Ginza Renoir Co Ltd TSE:9853
Altman Z2-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Ginza Renoir 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.

Ginza Renoir 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*0.1029+3.26*0.2618+6.72*0.0212+1.05*1.3088
=3.05

* 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5,690 Mil.
Total Current Assets was 円2,367 Mil.
Total Current Liabilities was 円1,781 Mil.
Retained Earnings was 円1,490 Mil.
Pre-Tax Income was 円96 Mil.
Interest Expense was 円-25 Mil.
Total Liabilities was 円2,445 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
=(2366.84 - 1781.066)/5690.482
=0.1029

X2=Retained Earnings/Total Assets
=1489.991/5690.482
=0.2618

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(95.941 - -24.55)/5690.482
=0.0212

X4_2=Net Worth/Total Liabilities
=(Total Stockholders Equity - Preferred Stock)/Total Liabilities
=(3199.856 - 0)/2444.864
=1.3088

The zones of discrimination were as such:

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

Ginza Renoir Co has a Altman Z2-Score of 3.05 indicating it is in Safe Zones.

Frequently Asked Questions Learn more about Altman Z2-Score →
What does a Altman Z2-Score of 3.05 mean?
Ginza Renoir Co (TSE:9853) has a Altman Z2-Score of 3.05 as of Jul. 11, 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 Ginza Renoir Co and its competitors. This is near median its historical median of 3.29. According to the industry distribution chart, Ginza Renoir Co ranks #87 out of 358 companies in the Restaurants industry, placing it in the top 24.3%.
Is Ginza Renoir Co's Altman Z2-Score too high?
Ginza Renoir Co's current Altman Z2-Score of 3.05 is near median its 10-year median of 3.29. The Restaurants industry median Altman Z2-Score is 1.29. Ginza Renoir Co's value of 3.05 is 136.4% above this industry median. Based on the distribution chart, Ginza Renoir Co ranks #87 out of 358 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Ginza Renoir Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ginza Renoir Co's Altman Z2-Score compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Ginza Renoir Co ranks #87 out of 358 companies for Altman Z2-Score. This places Ginza Renoir Co in the top 24% of its industry — outperforming the majority of peers. The industry median Altman Z2-Score is 1.29. Ginza Renoir Co's value of 3.05 is 136.4% above this benchmark. While the company's 10-year median is 3.29 vs. the industry median of 1.29, Ginza Renoir 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 Restaurants company?
The median Altman Z2-Score among Restaurants companies is 1.29, based on 358 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. Ginza Renoir Co's current Altman Z2-Score of 3.05 is 136.4% 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 Ginza Renoir Co and its competitors. For the Restaurants industry, the median Altman Z2-Score is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ginza Renoir Co's current Altman Z2-Score is 3.05, which is near median its own 10-year median of 3.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ginza Renoir Co stock overvalued right now?
Based on GuruFocus' analysis, Ginza Renoir Co (TSE:9853) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,044.37, compared to a current price of 円904.00 — trading 13.4% below its estimated fair value. The current Altman Z2-Score is 3.05, which is near median its 10-year median of 3.29 and 136.4% above the Restaurants industry median of 1.29. Ginza Renoir Co's overall GF Score™ is 72/100 with 5 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 Ginza Renoir Co (TSE:9853), the current Altman Z2-Score is 3.05 as of Jul. 11, 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 Ginza Renoir Co (TSE:9853) Overvalued in 2026?

Based on GuruFocus' analysis, Ginza Renoir Co stock appears to be undervalued. The current stock price of 円904.00 is trading 13.4% below its estimated GF Value™ of 円1,044.37. GuruFocus considers Ginza Renoir Co to be Modestly Undervalued.

Key valuation signals for TSE:9853:

  • Altman Z2-Score: 3.05 (near median its 10-year median of 3.29)
  • GF Value™: 円1,044.37 vs. price of 円904.00 (13.4% below fair value)
  • GF Score™: 72/100 with 5 warning signs
  • Industry Position: 136.4% above the Restaurants median (#87 of 358)

No single metric tells the full story. See the TSE:9853 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ginza Renoir Co Business Description

Address Ginza Renoir Building 4-60-3 Chuo, Nakano-ku, Tokyo, JPN, 164 0011
Ginza Renoir Co Ltd is a Japan based company engaged in the management of restaurants. It owns and operates restaurants and coffee shops under Renoir tearoom, Cafe Renoir, New Yorker's Cafe and Cafe Miyama brand names, and also engages in the sale of cigarette and smoking supplies.
72GF Score

Get the complete analysis for TSE:9853

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

円904.00
Price
円1,044.37
GF Value