OBIC CoFRA:OBL +5.00%87 Altman Z-Score is 11.53 as of Jul. 03, 2026, which is 51% below its 10-year median of 23.70. GuruFocus rates FRA:OBL with a GF Score™ of 87/100 and a GF Value™ of €31.86 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,766 Software companies, OBIC Co ranks better than 90.31% 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 11.69 is strong.
OBIC Co has a Altman Z-Score of 11.53, 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 OBIC Co's Altman Z-Score or its related term are showing as below:
FRA:OBL'
s Altman Z-Score Range Over the Past 10 Years
Min: 11.69 Med: 23.7 Max: 36.05
Current: 11.69
During the past 13 years, OBIC Co's highest Altman Z-Score was 36.05. The lowest was 11.69. And the median was 23.70.
OBIC Co (FRA:OBL) 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.
OBIC Co Altman Z-Score Related Terms
OBIC Co Altman Z-Score Historical Data
* Premium members only.
The historical data trend for OBIC 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.
FRA:OBL vs UBER, SHOP, CRM: Altman Z-Score Comparison
For the Software - Application subindustry, OBIC 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.
OBIC Co Altman Z-Score vs Software Industry
For the Software industry and Technology sector, OBIC Co's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where OBIC 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.
OBIC 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
*
0.3119
+
1.4
*
0.6583
+
3.3
*
0.1762
+
0.6
*
15.7051
+
1.0
*
0.2271
=
11.53
* 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.
OBIC Co (FRA:OBL) has a Altman Z-Score of 11.53 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on OBIC Co and its competitors. This is 51% below median its historical median of 23.70. Over the past decade, OBIC Co's Altman Z-Score has ranged from 11.69 to 36.05. According to the industry distribution chart, OBIC Co ranks #268 out of 2766 companies in the Software industry, placing it in the top 9.7%.
Is OBIC Co's Altman Z-Score too high?
OBIC Co's current Altman Z-Score of 11.53 is 51% below median its 10-year median of 23.70. Over the past 10 years, this metric has ranged from a low of 11.69 to a high of 36.05. The Software industry median Altman Z-Score is 3.11. OBIC Co's value of 11.53 is 270.7% above this industry median. Based on the distribution chart, OBIC Co ranks #268 out of 2766 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, OBIC Co has a GF Score™ of 87/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does OBIC Co's Altman Z-Score compare to UBER and SHOP?
According to the Software industry distribution chart, OBIC Co ranks #268 out of 2766 companies for Altman Z-Score. This places OBIC Co in the top 10% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.11. OBIC Co's value of 11.53 is 270.7% above this benchmark. Historically, OBIC Co's own Altman Z-Score has ranged from 11.69 to 36.05 over the past decade. While the company's 10-year median is 23.70 vs. the industry median of 3.11, OBIC 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 Software company?
The median Altman Z-Score among Software companies is 3.11, based on 2,766 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. OBIC Co's current Altman Z-Score of 11.53 is 270.7% 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 OBIC Co and its competitors. For the Software industry, the median Altman Z-Score is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OBIC Co's current Altman Z-Score is 11.53, which is 51% below median its own 10-year median of 23.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OBIC Co stock overvalued right now?
Based on GuruFocus' analysis, OBIC Co (FRA:OBL) is currently considered Significantly Undervalued. The stock's GF Value™ is €31.86, compared to a current price of €21.00 — trading 34.1% below its estimated fair value. The current Altman Z-Score is 11.53, which is 51% below median its 10-year median of 23.70 and 270.7% above the Software industry median of 3.11. OBIC Co's overall GF Score™ is 87/100 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 OBIC Co (FRA:OBL), the current Altman Z-Score is 11.53 as of Jul. 03, 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 OBIC Co (FRA:OBL) Overvalued in 2026?
Based on GuruFocus' analysis, OBIC Co stock appears to be undervalued.
The current stock price of €21.00 is trading 34.1% below its estimated GF Value™ of €31.86.
GuruFocus considers OBIC Co to be Significantly Undervalued.
Key valuation signals for FRA:OBL:
Altman Z-Score: 11.53 (51% below median its 10-year median of 23.70)
GF Value™: €31.86 vs. price of €21.00 (34.1% below fair value)
Industry Position: 270.7% above the Software median (#268 of 2766)
No single metric tells the full story. See the FRA:OBL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Obic is one of Japan's largest enterprise resource planning service providers with a dominant share of the Japanese midsize corporate market. Obic has three main business lines: system integration, system support, and office automation, and, thus, offers one-stop construction and operation of information systems centered on its proprietary ERP suite. The company, which has a 57-year history, reported fiscal 2026 revenue of JPY 135.2 billion, with system integration contributing 40.9%, system support 52.9%, and office automation 6.2%.
87GF Score
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