CJPRF (Central Japan Railway Co) Altman Z-Score: 1.51 (As of Jun. 25, 2026) — Near Median


CJPRF Central Japan Railway Co CJPRF
85 GF Score
Price $24.05
GF Value $30.91
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Central Japan Railway Co Altman Z-Score?

Central Japan Railway Co CJPRF 85 Altman Z-Score is 1.51 as of Jun. 25, 2026, which is 4% below its 10-year median of 1.57. GuruFocus rates CJPRF with a GF Score™ of 85/100 and a GF Value™ of $30.91 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,000 Transportation companies, Central Japan Railway Co ranks worse than 68.7% 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 1.49 is in distress zone. This implies bankruptcy possibility in the next two years.

Central Japan Railway Co has a Altman Z-Score of 1.51, 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 Central Japan Railway Co's Altman Z-Score or its related term are showing as below:

CJPRF' s Altman Z-Score Range Over the Past 10 Years
Min: 1.14   Med: 1.57   Max: 1.87
Current: 1.49

During the past 13 years, Central Japan Railway Co's highest Altman Z-Score was 1.87. The lowest was 1.14. And the median was 1.57.


Central Japan Railway Co  (OTCPK:CJPRF) 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.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Central Japan Railway Co Altman Z-Score Related Terms


Central Japan Railway Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Central Japan Railway Co'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.

Central Japan Railway Co Altman Z-Score Chart

Central Japan Railway Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.18 1.39 1.57 1.44 1.56

Central Japan Railway Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Altman Z-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 1.44 1.53 1.63 1.64 1.56

CJPRF vs UNP, CSX, NSC: Altman Z-Score Comparison

For the Railroads subindustry, Central Japan Railway Co'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.


Central Japan Railway Co Altman Z-Score vs Transportation Industry

For the Transportation industry and Industrials sector, Central Japan Railway Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Central Japan Railway Co's Altman Z-Score falls into.


CJPRF
85GF Score
Central Japan Railway Co CJPRF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Central Japan Railway Co Altman Z-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.

Central Japan Railway Co'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*0.0683+1.4*0.4475+3.3*0.083+0.6*0.5497+1.0*0.193
=1.51

* 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.

Trailing Twelve Months (TTM) ended in Mar. 2026:
Total Assets was $68,540 Mil.
Total Current Assets was $10,555 Mil.
Total Current Liabilities was $5,874 Mil.
Retained Earnings was $30,671 Mil.
Pre-Tax Income was 780.614 + 1478.658 + 1471.87 + 1434.932 = $5,166 Mil.
Interest Expense was -123.517 + -126.723 + -133.766 + -135.946 = $-520 Mil.
Revenue was 3100.943 + 3411.795 + 3408.015 + 3310.295 = $13,231 Mil.
Market Cap (Today) was $19,883 Mil.
Total Liabilities was $36,170 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
=(10554.566 - 5873.747)/68540.263
=0.0683

X2=Retained Earnings/Total Assets
=30671.283/68540.263
=0.4475

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(5166.074 - -519.952)/68540.263
=0.083

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=19883.221/36169.816
=0.5497

X5=Revenue/Total Assets
=13231.048/68540.263
=0.193

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Central Japan Railway Co has a Altman Z-Score of 1.51 indicating it is in Distress Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Frequently Asked Questions Learn more about Altman Z-Score →
What does a Altman Z-Score of 1.51 mean?
Central Japan Railway Co (CJPRF) has a Altman Z-Score of 1.51 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Central Japan Railway Co and its competitors. This is near median its historical median of 1.57. Over the past decade, Central Japan Railway Co's Altman Z-Score has ranged from 1.14 to 1.87. According to the industry distribution chart, Central Japan Railway Co ranks #687 out of 1000 companies in the Transportation industry, placing it in the top 68.7%.
Is Central Japan Railway Co's Altman Z-Score too high?
Central Japan Railway Co's current Altman Z-Score of 1.51 is near median its 10-year median of 1.57. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 1.87. The Transportation industry median Altman Z-Score is 2.29. Central Japan Railway Co's value of 1.51 is 34.1% below this industry median. Based on the distribution chart, Central Japan Railway Co ranks #687 out of 1000 companies in the Transportation industry, which is below the industry midpoint. Overall, Central Japan Railway Co has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Central Japan Railway Co's Altman Z-Score compare to UNP and CSX?
According to the Transportation industry distribution chart, Central Japan Railway Co ranks #687 out of 1000 companies for Altman Z-Score. This places Central Japan Railway Co in the lower half of its industry. The industry median Altman Z-Score is 2.29. Central Japan Railway Co's value of 1.51 is 34.1% below this benchmark. Historically, Central Japan Railway Co's own Altman Z-Score has ranged from 1.14 to 1.87 over the past decade. While the company's 10-year median is 1.57 vs. the industry median of 2.29, Central Japan Railway 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 Z-Score for a Transportation company?
The median Altman Z-Score among Transportation companies is 2.29, based on 1,000 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. Central Japan Railway Co's current Altman Z-Score of 1.51 is 34.1% 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 Central Japan Railway Co and its competitors. For the Transportation industry, the median Altman Z-Score is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Central Japan Railway Co's current Altman Z-Score is 1.51, which is near median its own 10-year median of 1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central Japan Railway Co stock overvalued right now?
Based on GuruFocus' analysis, Central Japan Railway Co (CJPRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $30.91, compared to a current price of $24.05 — trading 22.2% below its estimated fair value. The current Altman Z-Score is 1.51, which is near median its 10-year median of 1.57 and 34.1% below the Transportation industry median of 2.29. Central Japan Railway Co's overall GF Score™ is 85/100 with 2 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 Central Japan Railway Co (CJPRF), the current Altman Z-Score is 1.51 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 Central Japan Railway Co (CJPRF) Overvalued in 2026?

Based on GuruFocus' analysis, Central Japan Railway Co stock appears to be undervalued. The current stock price of $24.05 is trading 22.2% below its estimated GF Value™ of $30.91. GuruFocus considers Central Japan Railway Co to be Modestly Undervalued.

Key valuation signals for CJPRF:

  • Altman Z-Score: 1.51 (near median its 10-year median of 1.57)
  • GF Value™: $30.91 vs. price of $24.05 (22.2% below fair value)
  • GF Score™: 85/100 with 2 warning signs
  • Industry Position: 34.1% below the Transportation median (#687 of 1000)

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


Central Japan Railway Co Business Description

Address 1-1-4 Meieki, JR Central Towers, Nakamura-ku, Aichi Prefecture, Nagoya, JPN, 450-6101
Central Japan Railway Company, or JR Central, is the main railway operator in Nagoya and the Chubu region in central Japan. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987. Its main asset is the Tokaido Shinkansen, which spans Japan's most wealthy and populous area and links Tokyo, Yokohama, Nagoya, Kyoto, and Osaka. It contributes three-fourths of revenue, with most of the balance from merchandise, conventional train lines, and real estate.
85GF Score

Get the complete analysis for CJPRF

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

$24.05
Price
$30.91
GF Value