Nippon Signal CoFRA:F6N -0.42%66 Altman Z-Score is 2.14 as of Jul. 09, 2026, which is 16% below its 10-year median of 2.54. GuruFocus rates FRA:F6N with a GF Score™ of 66/100 and a GF Value™ of €6.98 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 3,006 Industrial Products companies, Nippon Signal Co ranks worse than 53.93% 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 3.16 is strong.
Nippon Signal Co has a Altman Z-Score of 2.14, indicating it is in Grey Zones. This implies that Nippon Signal 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 Nippon Signal Co's Altman Z-Score or its related term are showing as below:
FRA:F6N'
s Altman Z-Score Range Over the Past 10 Years
Min: 2.31 Med: 2.54 Max: 3.17
Current: 3.16
During the past 13 years, Nippon Signal Co's highest Altman Z-Score was 3.17. The lowest was 2.31. And the median was 2.54.
Nippon Signal Co (FRA:F6N) 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.
Nippon Signal Co Altman Z-Score Related Terms
Nippon Signal Co Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Nippon Signal 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.
For the Electrical Equipment & Parts subindustry, Nippon Signal 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.
Nippon Signal Co Altman Z-Score vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Nippon Signal Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Nippon Signal Co'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.
Nippon Signal 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
*
0.3698
+
1.4
*
0.5109
+
3.3
*
0.0964
+
0.6
*
0.0092
+
1.0
*
0.6623
=
2.14
* 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.
Nippon Signal Co (FRA:F6N) has a Altman Z-Score of 2.14 as of Jul. 09, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Nippon Signal Co and its competitors. This is 16% below median its historical median of 2.54. Over the past decade, Nippon Signal Co's Altman Z-Score has ranged from 2.31 to 3.17. According to the industry distribution chart, Nippon Signal Co ranks #1621 out of 3006 companies in the Industrial Products industry, placing it in the top 53.9%.
Is Nippon Signal Co's Altman Z-Score too high?
Nippon Signal Co's current Altman Z-Score of 2.14 is 16% below median its 10-year median of 2.54. Over the past 10 years, this metric has ranged from a low of 2.31 to a high of 3.17. The Industrial Products industry median Altman Z-Score is 3.38. Nippon Signal Co's value of 2.14 is 36.7% below this industry median. Based on the distribution chart, Nippon Signal Co ranks #1621 out of 3006 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Nippon Signal Co has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Signal Co's Altman Z-Score compare to VRT and BE?
According to the Industrial Products industry distribution chart, Nippon Signal Co ranks #1621 out of 3006 companies for Altman Z-Score. This places Nippon Signal Co in the lower half of its industry. The industry median Altman Z-Score is 3.38. Nippon Signal Co's value of 2.14 is 36.7% below this benchmark. Historically, Nippon Signal Co's own Altman Z-Score has ranged from 2.31 to 3.17 over the past decade. While the company's 10-year median is 2.54 vs. the industry median of 3.38, Nippon Signal 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 an Industrial Products company?
The median Altman Z-Score among Industrial Products companies is 3.38, based on 3,006 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. Nippon Signal Co's current Altman Z-Score of 2.14 is 36.7% 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 Nippon Signal Co and its competitors. For the Industrial Products industry, the median Altman Z-Score is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Signal Co's current Altman Z-Score is 2.14, which is 16% below median its own 10-year median of 2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Signal Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Signal Co (FRA:F6N) is currently considered Modestly Overvalued. The stock's GF Value™ is €6.98, compared to a current price of €8.52 — trading 22% above its estimated fair value. The current Altman Z-Score is 2.14, which is 16% below median its 10-year median of 2.54 and 36.7% below the Industrial Products industry median of 3.38. Nippon Signal Co's overall GF Score™ is 66/100 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 Nippon Signal Co (FRA:F6N), the current Altman Z-Score is 2.14 as of Jul. 09, 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 Nippon Signal Co (FRA:F6N) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Signal Co stock appears to be overvalued.
The current stock price of €8.52 is trading 22% above its estimated GF Value™ of €6.98.
GuruFocus considers Nippon Signal Co to be Modestly Overvalued.
Key valuation signals for FRA:F6N:
Altman Z-Score: 2.14 (16% below median its 10-year median of 2.54)
GF Value™: €6.98 vs. price of €8.52 (22% above fair value)
Industry Position: 36.7% below the Industrial Products median (#1621 of 3006)
No single metric tells the full story. See the FRA:F6N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Signal Co Ltd is a Japanese technology company. Its products and services fall into the following categories: railway signal systems, traffic information systems, automatic fare collection, or AFR, systems, and parking information systems. The railway signal systems division provides automatic train supervision systems, relay interlocking equipment, level-crossing systems, and LED information boards. The traffic information systems division offers universal traffic management systems, local controllers, and LED traffic signal lights. The AFR system division offers comprehensive network systems to automate station operations. The parking information systems division offers car parking systems and bicycle lock systems.
66GF Score
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