Fukuyama Transporting Co (FRA:FUY) Altman Z-Score: 1.89 (As of Jul. 20, 2026) — Near Median

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FRA:FUY Fukuyama Transporting Co Ltd FRA:FUY
80 GF Score
Price €32.20
GF Value €24.05
! 4 Warning Signs
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What is Fukuyama Transporting Co Altman Z-Score?

Fukuyama Transporting Co FRA:FUY 80 Altman Z-Score is 1.89 as of Jul. 20, 2026, which is 4% above its 10-year median of 1.81. GuruFocus rates FRA:FUY with a GF Score™ of 80/100 and a GF Value™ of €24.05. The stock has 4 warning signs investors should review. Among 997 Transportation companies, Fukuyama Transporting Co ranks worse than 59.68% 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 1.87 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.

Fukuyama Transporting Co has a Altman Z-Score of 1.89, indicating it is in Grey Zones. This implies that Fukuyama Transporting 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 Fukuyama Transporting Co's Altman Z-Score or its related term are showing as below:

FRA:FUY' s Altman Z-Score Range Over the Past 10 Years
Min: 1.52   Med: 1.81   Max: 1.99
Current: 1.87

During the past 13 years, Fukuyama Transporting Co's highest Altman Z-Score was 1.99. The lowest was 1.52. And the median was 1.81.


Fukuyama Transporting Co  (FRA:FUY) 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.


Fukuyama Transporting Co Altman Z-Score Related Terms


Fukuyama Transporting Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Fukuyama Transporting 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.

Fukuyama Transporting Co Altman Z-Score Chart

Fukuyama Transporting 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 1.70 1.82 1.54 1.52 1.79

Fukuyama Transporting 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 1.52 1.50 1.50 1.68 1.79

FRA:FUY vs ODFL, XPO, KNX: Altman Z-Score Comparison

For the Trucking subindustry, Fukuyama Transporting 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.


Fukuyama Transporting Co Altman Z-Score vs Transportation Industry

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

* The bar in red indicates where Fukuyama Transporting Co's Altman Z-Score falls into.


FRA:FUY
80GF Score
Fukuyama Transporting Co Ltd FRA:FUY
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Fukuyama Transporting 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.

Fukuyama Transporting 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*0.0045+1.4*0.3351+3.3*0.0445+0.6*1.0083+1.0*0.6659
=1.89

* 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 €2,711 Mil.
Total Current Assets was €428 Mil.
Total Current Liabilities was €416 Mil.
Retained Earnings was €908 Mil.
Pre-Tax Income was -8.269 + 91.581 + 5.22 + 26.709 = €115 Mil.
Interest Expense was -1.412 + -1.391 + -1.4 + -1.302 = €-6 Mil.
Revenue was 430.988 + 470.75 + 438.605 + 464.777 = €1,805 Mil.
Market Cap (Today) was €1,166 Mil.
Total Liabilities was €1,157 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
=(428.224 - 415.998)/2710.956
=0.0045

X2=Retained Earnings/Total Assets
=908.387/2710.956
=0.3351

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(115.241 - -5.505)/2710.956
=0.0445

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=1166.173/1156.626
=1.0083

X5=Revenue/Total Assets
=1805.12/2710.956
=0.6659

The zones of discrimination were as such:

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

Fukuyama Transporting Co has a Altman Z-Score of 1.89 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 1.89 mean?
Fukuyama Transporting Co (FRA:FUY) has a Altman Z-Score of 1.89 as of Jul. 20, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Fukuyama Transporting Co and its competitors. This is near median its historical median of 1.81. Over the past decade, Fukuyama Transporting Co's Altman Z-Score has ranged from 1.52 to 1.99. According to the industry distribution chart, Fukuyama Transporting Co ranks #595 out of 997 companies in the Transportation industry, placing it in the top 59.7%.
Is Fukuyama Transporting Co's Altman Z-Score too high?
Fukuyama Transporting Co's current Altman Z-Score of 1.89 is near median its 10-year median of 1.81. Over the past 10 years, this metric has ranged from a low of 1.52 to a high of 1.99. The Transportation industry median Altman Z-Score is 2.26. Fukuyama Transporting Co's value of 1.89 is 16.4% below this industry median. Based on the distribution chart, Fukuyama Transporting Co ranks #595 out of 997 companies in the Transportation industry, which is below the industry midpoint. Overall, Fukuyama Transporting Co has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Fukuyama Transporting Co's Altman Z-Score compare to ODFL and XPO?
According to the Transportation industry distribution chart, Fukuyama Transporting Co ranks #595 out of 997 companies for Altman Z-Score. This places Fukuyama Transporting Co in the lower half of its industry. The industry median Altman Z-Score is 2.26. Fukuyama Transporting Co's value of 1.89 is 16.4% below this benchmark. Historically, Fukuyama Transporting Co's own Altman Z-Score has ranged from 1.52 to 1.99 over the past decade. While the company's 10-year median is 1.81 vs. the industry median of 2.26, Fukuyama Transporting 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 2.26, based on 997 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. Fukuyama Transporting Co's current Altman Z-Score of 1.89 is 16.4% 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 Fukuyama Transporting Co and its competitors. For the Transportation industry, the median Altman Z-Score is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fukuyama Transporting Co's current Altman Z-Score is 1.89, which is near median its own 10-year median of 1.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fukuyama Transporting Co stock overvalued right now?
Fukuyama Transporting Co (FRA:FUY) has a current Altman Z-Score of 1.89. The stock's GF Value™ is €24.05, compared to a current price of €32.20 — trading 33.9% above its estimated fair value. The current Altman Z-Score is 1.89, which is near median its 10-year median of 1.81 and 16.4% below the Transportation industry median of 2.26. Fukuyama Transporting Co's overall GF Score™ is 80/100 with 4 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 Fukuyama Transporting Co (FRA:FUY), the current Altman Z-Score is 1.89 as of Jul. 20, 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 Fukuyama Transporting Co (FRA:FUY) Overvalued in 2026?

Based on GuruFocus' analysis, Fukuyama Transporting Co stock appears to be overvalued. The current stock price of €32.20 is trading 33.9% above its estimated GF Value™ of €24.05.

Key valuation signals for FRA:FUY:

  • Altman Z-Score: 1.89 (near median its 10-year median of 1.81)
  • GF Value™: €24.05 vs. price of €32.20 (33.9% above fair value)
  • GF Score™: 80/100 with 4 warning signs
  • Industry Position: 16.4% below the Transportation median (#595 of 997)

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


Fukuyama Transporting Co Business Description

Other Exchanges 9075:Japan
Address 20-1, 4-chome, Higashi Fukatsu-cho, Hiroshima Prefecture, Fukuyama, JPN, 721-0974
Fukuyama Transporting Co Ltd is a transportation service provider. The company engages in various modes of transportation which include road and water. It also engages in other businesses which include warehousing, packaging and packing, real estate rental, harbor loading, customs clearance, printing, and travel. Operating its businesses from approximately 400 stores it provides its services across Japan.
80GF Score

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

€32.20
Price
€24.05
GF Value