NS United Kaiun KaishaFRA:8WN -1.66%76 Altman Z-Score is 3.07 as of Jun. 27, 2026, which is 66% above its 10-year median of 1.85. GuruFocus rates FRA:8WN with a GF Score™ of 76/100 and a GF Value™ of €23.81 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,000 Transportation companies, NS United Kaiun Kaisha ranks better than 65.6% 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.
Good Sign:
Altman Z-score of 3.03 is strong.
NS United Kaiun Kaisha has a Altman Z-Score of 3.07, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
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 NS United Kaiun Kaisha's Altman Z-Score or its related term are showing as below:
FRA:8WN'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.18 Med: 1.85 Max: 3.11
Current: 3.03
During the past 13 years, NS United Kaiun Kaisha's highest Altman Z-Score was 3.11. The lowest was 1.18. And the median was 1.85.
NS United Kaiun Kaisha (FRA:8WN) 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.
NS United Kaiun Kaisha Altman Z-Score Related Terms
NS United Kaiun Kaisha Altman Z-Score Historical Data
* Premium members only.
The historical data trend for NS United Kaiun Kaisha'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.
NS United Kaiun Kaisha Altman Z-Score Competitor Comparison
For the Marine Shipping subindustry, NS United Kaiun Kaisha'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.
NS United Kaiun Kaisha Altman Z-Score vs Transportation Industry
For the Transportation industry and Industrials sector, NS United Kaiun Kaisha's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where NS United Kaiun Kaisha'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.
* 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.
NS United Kaiun Kaisha (FRA:8WN) has a Altman Z-Score of 3.07 as of Jun. 27, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on NS United Kaiun Kaisha and its competitors. This is 66% above median its historical median of 1.85. Over the past decade, NS United Kaiun Kaisha's Altman Z-Score has ranged from 1.18 to 3.11. According to the industry distribution chart, NS United Kaiun Kaisha ranks #344 out of 1000 companies in the Transportation industry, placing it in the top 34.4%.
Is NS United Kaiun Kaisha's Altman Z-Score too high?
NS United Kaiun Kaisha's current Altman Z-Score of 3.07 is 66% above median its 10-year median of 1.85. Over the past 10 years, this metric has ranged from a low of 1.18 to a high of 3.11. The Transportation industry median Altman Z-Score is 2.28. NS United Kaiun Kaisha's value of 3.07 is 34.6% above this industry median. Based on the distribution chart, NS United Kaiun Kaisha ranks #344 out of 1000 companies in the Transportation industry, which is above the industry midpoint. Overall, NS United Kaiun Kaisha has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NS United Kaiun Kaisha's Altman Z-Score compare to competitors?
According to the Transportation industry distribution chart, NS United Kaiun Kaisha ranks #344 out of 1000 companies for Altman Z-Score. This puts NS United Kaiun Kaisha in the upper half of its industry. The industry median Altman Z-Score is 2.28. NS United Kaiun Kaisha's value of 3.07 is 34.6% above this benchmark. Historically, NS United Kaiun Kaisha's own Altman Z-Score has ranged from 1.18 to 3.11 over the past decade. While the company's 10-year median is 1.85 vs. the industry median of 2.28, NS United Kaiun Kaisha 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 Transportation company?
The median Altman Z-Score among Transportation companies is 2.28, 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. NS United Kaiun Kaisha's current Altman Z-Score of 3.07 is 34.6% 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 NS United Kaiun Kaisha and its competitors. For the Transportation industry, the median Altman Z-Score is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NS United Kaiun Kaisha's current Altman Z-Score is 3.07, which is 66% above median its own 10-year median of 1.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NS United Kaiun Kaisha stock overvalued right now?
Based on GuruFocus' analysis, NS United Kaiun Kaisha (FRA:8WN) is currently considered Significantly Overvalued. The stock's GF Value™ is €23.81, compared to a current price of €35.60 — trading 49.5% above its estimated fair value. The current Altman Z-Score is 3.07, which is 66% above median its 10-year median of 1.85 and 34.6% above the Transportation industry median of 2.28. NS United Kaiun Kaisha's overall GF Score™ is 76/100 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 NS United Kaiun Kaisha (FRA:8WN), the current Altman Z-Score is 3.07 as of Jun. 27, 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 NS United Kaiun Kaisha (FRA:8WN) Overvalued in 2026?
Based on GuruFocus' analysis, NS United Kaiun Kaisha stock appears to be overvalued.
The current stock price of €35.60 is trading 49.5% above its estimated GF Value™ of €23.81.
GuruFocus considers NS United Kaiun Kaisha to be Significantly Overvalued.
Key valuation signals for FRA:8WN:
Altman Z-Score: 3.07 (66% above median its 10-year median of 1.85)
GF Value™: €23.81 vs. price of €35.60 (49.5% above fair value)
Industry Position: 34.6% above the Transportation median (#344 of 1000)
No single metric tells the full story. See the FRA:8WN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NS United Kaiun Kaisha Ltd is engaged in the marine business. The company provides land and sea transportation, operates as a shipping agent for land, air, and marine transportation, and property and act as some life insurance agency operations. Additionally, it also manufactures, maintains and sells shipping equipment as well as is also involved in the real-estate operations. The company offers marine transportation services such as raw materials and fuel for the iron production industry, raw materials for other industries, various energy resources, industrial products, and feed grains.
76GF Score
Get the complete analysis for FRA:8WN
Altman Z-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:8WN has been successfully added to your 
