Asahi Group HoldingsASBRF 86 Altman Z-Score is 1.32 as of Jun. 25, 2026, which is 11% below its 10-year median of 1.49. GuruFocus rates ASBRF with a GF Score™ of 86/100 and a GF Value™ of $13.88 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 209 Beverages - Alcoholic companies, Asahi Group Holdings ranks worse than 81.34% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Warning Sign:
Altman Z-score of 1.37 is in distress zone. This implies bankruptcy possibility in the next two years.
Asahi Group Holdings has a Altman Z-Score of 1.32, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Asahi Group Holdings's Altman Z-Score or its related term are showing as below:
ASBRF'
s Altman Z-Score Range Over the Past 10 Years
Min: 0.78 Med: 1.49 Max: 2.64
Current: 1.37
During the past 13 years, Asahi Group Holdings's highest Altman Z-Score was 2.64. The lowest was 0.78. And the median was 1.49.
Asahi Group Holdings (OTCPK:ASBRF) Altman Z-Score Explanation
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, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
Asahi Group Holdings Altman Z-Score Related Terms
Asahi Group Holdings Altman Z-Score Historical Data
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The historical data trend for Asahi Group Holdings's Altman Z-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.
For the Beverages - Brewers subindustry, Asahi Group Holdings's Altman Z-Score, along with its competitors' market caps and Altman Z-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.
Asahi Group Holdings Altman Z-Score vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Asahi Group Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Asahi Group Holdings's Altman Z-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.
Asahi Group Holdings's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
-0.1284
+
1.4
*
0.2591
+
3.3
*
0.0455
+
0.6
*
0.7389
+
1.0
*
0.5214
=
1.32
* 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 Z-Score when X4 or X5 value is 0.
Asahi Group Holdings (ASBRF) has a Altman Z-Score of 1.32 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Asahi Group Holdings and its competitors. This is 11% below median its historical median of 1.49. Over the past decade, Asahi Group Holdings' Altman Z-Score has ranged from 0.78 to 2.64. According to the industry distribution chart, Asahi Group Holdings ranks #170 out of 209 companies in the Beverages - Alcoholic industry, placing it in the top 81.3%.
Is Asahi Group Holdings' Altman Z-Score too high?
Asahi Group Holdings' current Altman Z-Score of 1.32 is 11% below median its 10-year median of 1.49. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 2.64. The Beverages - Alcoholic industry median Altman Z-Score is 2.76. Asahi Group Holdings' value of 1.32 is 52.2% below this industry median. Based on the distribution chart, Asahi Group Holdings ranks #170 out of 209 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Asahi Group Holdings has a GF Score™ of 86/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asahi Group Holdings' Altman Z-Score compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Asahi Group Holdings ranks #170 out of 209 companies for Altman Z-Score. This places Asahi Group Holdings in the lower half of its industry. The industry median Altman Z-Score is 2.76. Asahi Group Holdings' value of 1.32 is 52.2% below this benchmark. Historically, Asahi Group Holdings' own Altman Z-Score has ranged from 0.78 to 2.64 over the past decade. While the company's 10-year median is 1.49 vs. the industry median of 2.76, Asahi Group Holdings 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 Z-Score for a Beverages - Alcoholic company?
The median Altman Z-Score among Beverages - Alcoholic companies is 2.76, based on 209 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asahi Group Holdings's current Altman Z-Score of 1.32 is 52.2% 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 Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Asahi Group Holdings and its competitors. For the Beverages - Alcoholic industry, the median Altman Z-Score is 2.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asahi Group Holdings's current Altman Z-Score is 1.32, which is 11% below median its own 10-year median of 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asahi Group Holdings (ASBRF) is currently considered Possible Value Trap. The stock's GF Value™ is $13.88, compared to a current price of $9.75 — trading 29.8% below its estimated fair value. The current Altman Z-Score is 1.32, which is 11% below median its 10-year median of 1.49 and 52.2% below the Beverages - Alcoholic industry median of 2.76. Asahi Group Holdings' overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Asahi Group Holdings (ASBRF), the current Altman Z-Score is 1.32 as of Jun. 25, 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 Asahi Group Holdings (ASBRF) Overvalued in 2026?
Based on GuruFocus' analysis, Asahi Group Holdings stock appears to be undervalued.
The current stock price of $9.75 is trading 29.8% below its estimated GF Value™ of $13.88.
GuruFocus considers Asahi Group Holdings to be Possible Value Trap.
Key valuation signals for ASBRF:
Altman Z-Score: 1.32 (11% below median its 10-year median of 1.49)
GF Value™: $13.88 vs. price of $9.75 (29.8% below fair value)
Industry Position: 52.2% below the Beverages - Alcoholic median (#170 of 209)
No single metric tells the full story. See the ASBRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asahi is the largest brewer in Japan with a nearly 40% market share, led by its Asahi Super Dry brand. It also operates a wide range of alcoholic and soft beverage products as well as packaged foods, mainly in Japan. Overseas markets accounted for over half of the company's revenue and close to 60% of operating profit, with Australia and Europe being two major markets. It acquired SABMiller's brands including Peroni and Pilsner Urquell in Western and Central Europe in 2016 and 2017 from Anheuser-Busch InBev. In Australia, Asahi holds market leaderships across beer and soft drinks segments, through its acquisitions of Schweppes Australia in 2009 and Carlton & United Breweries in 2020.
86GF Score
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