Frontier (FSE:4250) Altman Z-Score: 4.41 (As of Jul. 04, 2026) — 21% Above Median


FSE:4250 Frontier Inc FSE:4250
37 GF Score
Price 円580.00
! 4 Warning Signs
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What is Frontier Altman Z-Score?

Frontier FSE:4250 37 Altman Z-Score is 4.41 as of Jul. 04, 2026, which is 21% above its 10-year median of 3.63. GuruFocus rates FSE:4250 with a GF Score™ of 37/100. The stock has 4 warning signs investors should review. Among 1,312 Vehicles & Parts companies, Frontier ranks better than 78.43% 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 4.6 is strong.

Frontier has a Altman Z-Score of 4.41, 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 Frontier's Altman Z-Score or its related term are showing as below:

FSE:4250' s Altman Z-Score Range Over the Past 10 Years
Min: 3.45   Med: 3.63   Max: 4.82
Current: 4.6

During the past 10 years, Frontier's highest Altman Z-Score was 4.82. The lowest was 3.45. And the median was 3.63.


Frontier  (FSE:4250) 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.


Frontier Altman Z-Score Related Terms


Frontier Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Frontier'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.

Frontier Altman Z-Score Chart

Frontier Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 3.75 3.45 4.82

Frontier Quarterly Data
Nov20 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 3.30 3.94 4.16 4.82 0.00

FSE:4250 vs ORLY, AZO, GPC: Altman Z-Score Comparison

For the Auto Parts subindustry, Frontier'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.


Frontier Altman Z-Score vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Frontier's Altman Z-Score distribution charts can be found below:

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


FSE:4250
37GF Score
Frontier Inc FSE:4250
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frontier 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.

Frontier'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*0.5329+1.4*0.4008+3.3*0.1261+0.6*1.6267+1.0*1.8222
=4.41

* 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 Nov. 2025:
Total Assets was 円937 Mil.
Total Current Assets was 円832 Mil.
Total Current Liabilities was 円332 Mil.
Retained Earnings was 円376 Mil.
Pre-Tax Income was 14.846 + 18.601 + 40.243 + 40.662 = 円114 Mil.
Interest Expense was -0.831 + -0.831 + -0.824 + -1.363 = 円-4 Mil.
Revenue was 392.418 + 425.567 + 405.718 + 483.85 = 円1,708 Mil.
Market Cap (Today) was 円750 Mil.
Total Liabilities was 円461 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
=(831.732 - 332.369)/937.09
=0.5329

X2=Retained Earnings/Total Assets
=375.563/937.09
=0.4008

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(114.352 - -3.849)/937.09
=0.1261

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=750.404/461.315
=1.6267

X5=Revenue/Total Assets
=1707.553/937.09
=1.8222

The zones of discrimination were as such:

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

Frontier has a Altman Z-Score of 4.41 indicating it is in Safe 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 4.41 mean?
Frontier (FSE:4250) has a Altman Z-Score of 4.41 as of Jul. 04, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Frontier and its competitors. This is 21% above median its historical median of 3.63. Over the past decade, Frontier's Altman Z-Score has ranged from 3.45 to 4.82. According to the industry distribution chart, Frontier ranks #283 out of 1312 companies in the Vehicles & Parts industry, placing it in the top 21.6%.
Is Frontier's Altman Z-Score too high?
Frontier's current Altman Z-Score of 4.41 is 21% above median its 10-year median of 3.63. Over the past 10 years, this metric has ranged from a low of 3.45 to a high of 4.82. The Vehicles & Parts industry median Altman Z-Score is 2.54. Frontier's value of 4.41 is 73.6% above this industry median. Based on the distribution chart, Frontier ranks #283 out of 1312 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Frontier has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Frontier's Altman Z-Score compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Frontier ranks #283 out of 1312 companies for Altman Z-Score. This places Frontier in the top 22% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.54. Frontier's value of 4.41 is 73.6% above this benchmark. Historically, Frontier's own Altman Z-Score has ranged from 3.45 to 4.82 over the past decade. While the company's 10-year median is 3.63 vs. the industry median of 2.54, Frontier 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 Vehicles & Parts company?
The median Altman Z-Score among Vehicles & Parts companies is 2.54, based on 1,312 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. Frontier's current Altman Z-Score of 4.41 is 73.6% 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 Frontier and its competitors. For the Vehicles & Parts industry, the median Altman Z-Score is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frontier's current Altman Z-Score is 4.41, which is 21% above median its own 10-year median of 3.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontier stock overvalued right now?
Frontier (FSE:4250) has a current Altman Z-Score of 4.41. The current Altman Z-Score is 4.41, which is 21% above median its 10-year median of 3.63 and 73.6% above the Vehicles & Parts industry median of 2.54. Frontier's overall GF Score™ is 37/100 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 Frontier (FSE:4250), the current Altman Z-Score is 4.41 as of Jul. 04, 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.

Frontier Business Description

Address 134-5 Kushigahama, Yamaguchi-ken, Shunan, JPN, 745-0805
Frontier Inc is engaged in manufacturing of vehicle accessories like side visor, car mat. The two reportable segments are: PB sales business and OEM/ODM business.
37GF Score

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