DNPLY (Dai Nippon Printing Co) Altman Z-Score: 2.74 (As of Jun. 25, 2026) — 16% Above Median


DNPLY Dai Nippon Printing Co Ltd DNPLY
83 GF Score
Price $8.43
GF Value $8.33
Valuation Fairly Valued
! 1 Warning Sign
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What is Dai Nippon Printing Co Altman Z-Score?

Dai Nippon Printing Co DNPLY +1.35% 83 Altman Z-Score is 2.74 as of Jun. 25, 2026, which is 16% above its 10-year median of 2.36. GuruFocus rates DNPLY with a GF Score™ of 83/100 and a GF Value™ of $8.33 (Fairly Valued). The stock has 1 warning sign investors should review. Among 544 Conglomerates companies, Dai Nippon Printing Co ranks better than 66.73% 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 2.74 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Dai Nippon Printing Co has a Altman Z-Score of 2.74, indicating it is in Grey Zones. This implies that Dai Nippon Printing Co is in some kind of financial stress. If it is below 1.81, the company may face bankrupcy risk.

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 Dai Nippon Printing Co's Altman Z-Score or its related term are showing as below:

DNPLY' s Altman Z-Score Range Over the Past 10 Years
Min: 2.14   Med: 2.36   Max: 2.74
Current: 2.74

During the past 13 years, Dai Nippon Printing Co's highest Altman Z-Score was 2.74. The lowest was 2.14. And the median was 2.36.


Dai Nippon Printing Co  (OTCPK:DNPLY) 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.


Dai Nippon Printing Co Altman Z-Score Related Terms


Dai Nippon Printing Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Dai Nippon Printing 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.

Dai Nippon Printing Co Altman Z-Score Chart

Dai Nippon Printing 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 2.39 2.65 2.71 2.71 2.75

Dai Nippon Printing 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 2.71 2.69 2.75 2.83 2.75

DNPLY vs HON, MMM: Altman Z-Score Comparison

For the Conglomerates subindustry, Dai Nippon Printing 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.


Dai Nippon Printing Co Altman Z-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Dai Nippon Printing Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where Dai Nippon Printing Co's Altman Z-Score falls into.


DNPLY
83GF Score
Dai Nippon Printing Co Ltd DNPLY
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dai Nippon Printing 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.

Dai Nippon Printing 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*0.2356+1.4*0.3641+3.3*0.0821+0.6*1.5002+1.0*0.7781
=2.74

* 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 $12,819 Mil.
Total Current Assets was $5,416 Mil.
Total Current Liabilities was $2,396 Mil.
Retained Earnings was $4,667 Mil.
Pre-Tax Income was 181.375 + 244.05 + 159.344 + 451.207 = $1,036 Mil.
Interest Expense was -4.512 + -4.304 + -4.47 + -3.689 = $-17 Mil.
Revenue was 2422.142 + 2498.271 + 2519.638 + 2534.13 = $9,974 Mil.
Market Cap (Today) was $7,251 Mil.
Total Liabilities was $4,834 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
=(5416.066 - 2395.844)/12818.726
=0.2356

X2=Retained Earnings/Total Assets
=4667.081/12818.726
=0.3641

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(1035.976 - -16.975)/12818.726
=0.0821

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=7251.352/4833.577
=1.5002

X5=Revenue/Total Assets
=9974.181/12818.726
=0.7781

The zones of discrimination were as such:

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

Dai Nippon Printing Co has a Altman Z-Score of 2.74 indicating it is in Grey 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 2.74 mean?
Dai Nippon Printing Co (DNPLY) has a Altman Z-Score of 2.74 as of Jun. 25, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Dai Nippon Printing Co and its competitors. This is 16% above median its historical median of 2.36. Over the past decade, Dai Nippon Printing Co's Altman Z-Score has ranged from 2.14 to 2.74. According to the industry distribution chart, Dai Nippon Printing Co ranks #181 out of 544 companies in the Conglomerates industry, placing it in the top 33.3%.
Is Dai Nippon Printing Co's Altman Z-Score too high?
Dai Nippon Printing Co's current Altman Z-Score of 2.74 is 16% above median its 10-year median of 2.36. Over the past 10 years, this metric has ranged from a low of 2.14 to a high of 2.74. The Conglomerates industry median Altman Z-Score is 2.07. Dai Nippon Printing Co's value of 2.74 is 32.4% above this industry median. Based on the distribution chart, Dai Nippon Printing Co ranks #181 out of 544 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Dai Nippon Printing Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dai Nippon Printing Co's Altman Z-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Dai Nippon Printing Co ranks #181 out of 544 companies for Altman Z-Score. This puts Dai Nippon Printing Co in the upper half of its industry. The industry median Altman Z-Score is 2.07. Dai Nippon Printing Co's value of 2.74 is 32.4% above this benchmark. Historically, Dai Nippon Printing Co's own Altman Z-Score has ranged from 2.14 to 2.74 over the past decade. While the company's 10-year median is 2.36 vs. the industry median of 2.07, Dai Nippon Printing 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 Z-Score for a Conglomerates company?
The median Altman Z-Score among Conglomerates companies is 2.07, based on 544 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. Dai Nippon Printing Co's current Altman Z-Score of 2.74 is 32.4% 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 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 Dai Nippon Printing Co and its competitors. For the Conglomerates industry, the median Altman Z-Score is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dai Nippon Printing Co's current Altman Z-Score is 2.74, which is 16% above median its own 10-year median of 2.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dai Nippon Printing Co stock overvalued right now?
Based on GuruFocus' analysis, Dai Nippon Printing Co (DNPLY) is currently considered Fairly Valued. The stock's GF Value™ is $8.33, compared to a current price of $8.43 — trading 1.2% above its estimated fair value. The current Altman Z-Score is 2.74, which is 16% above median its 10-year median of 2.36 and 32.4% above the Conglomerates industry median of 2.07. Dai Nippon Printing Co's overall GF Score™ is 83/100 with 1 warning sign 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 Dai Nippon Printing Co (DNPLY), the current Altman Z-Score is 2.74 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 Dai Nippon Printing Co (DNPLY) Overvalued in 2026?

Based on GuruFocus' analysis, Dai Nippon Printing Co stock appears to be overvalued. The current stock price of $8.43 is trading 1.2% above its estimated GF Value™ of $8.33. GuruFocus considers Dai Nippon Printing Co to be Fairly Valued.

Key valuation signals for DNPLY:

  • Altman Z-Score: 2.74 (16% above median its 10-year median of 2.36)
  • GF Value™: $8.33 vs. price of $8.43 (1.2% above fair value)
  • GF Score™: 83/100 with 1 warning sign
  • Industry Position: 32.4% above the Conglomerates median (#181 of 544)

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


Dai Nippon Printing Co Business Description

Address 1-1-1 Ichigaya-Kagacho, Shinjuku-ku, Tokyo, JPN, 162-8001
Dai Nippon Printing Co Ltd operates in various business areas using its printing and information technologies. The company operates in the following segments: Life & Healthcare, Electronics, and Smart Communication. Its key revenue is derived from the Smart Communication segment, which includes the imaging communication business, focusing on photo printing, the Information Security business, providing business process outsourcing (BPO) and smart card services, and content & XR communication. The Life & Healthcare segment includes its mobility and industrial high-performance materials business, bulk pharmaceutical manufacturing and medical packaging, and the packaging, living spaces, and beverages businesses. Electronics focuses on functional films, display components, and others.
83GF Score

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

$8.43
Price
$8.33
GF Value