Future Innovation GroupFSE:4392 54 Altman Z-Score is 4.89 as of Jul. 12, 2026, which is 142% above its 10-year median of 2.02. GuruFocus rates FSE:4392 with a GF Score™ of 54/100 and a GF Value™ of 円460.23 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,464 Hardware companies, Future Innovation Group ranks better than 63.35% 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 4.89 is strong.
Future Innovation Group has a Altman Z-Score of 4.89, 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 Future Innovation Group's Altman Z-Score or its related term are showing as below:
FSE:4392'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.72 Med: 2.02 Max: 4.89
Current: 4.89
During the past 8 years, Future Innovation Group's highest Altman Z-Score was 4.89. The lowest was 1.72. And the median was 2.02.
Future Innovation Group (FSE:4392) 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.
* 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.
FSE:4392 vs CSCO, CIEN, MSI: Altman Z-Score Comparison
For the Communication Equipment subindustry, Future Innovation Group'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.
Future Innovation Group Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, Future Innovation Group's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Future Innovation Group's Altman Z-Score falls into.
Future Innovation Group 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.
* 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.
Future Innovation Group (FSE:4392) has a Altman Z-Score of 4.89 as of Jul. 12, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Future Innovation Group and its competitors. This is 142% above median its historical median of 2.02. Over the past decade, Future Innovation Group's Altman Z-Score has ranged from 1.72 to 4.89. According to the industry distribution chart, Future Innovation Group ranks #903 out of 2464 companies in the Hardware industry, placing it in the top 36.6%.
Is Future Innovation Group's Altman Z-Score too high?
Future Innovation Group's current Altman Z-Score of 4.89 is 142% above median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 1.72 to a high of 4.89. The Hardware industry median Altman Z-Score is 3.60. Future Innovation Group's value of 4.89 is 36% above this industry median. Based on the distribution chart, Future Innovation Group ranks #903 out of 2464 companies in the Hardware industry, which is above the industry midpoint. Overall, Future Innovation Group has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Future Innovation Group's Altman Z-Score compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Future Innovation Group ranks #903 out of 2464 companies for Altman Z-Score. This puts Future Innovation Group in the upper half of its industry. The industry median Altman Z-Score is 3.60. Future Innovation Group's value of 4.89 is 36% above this benchmark. Historically, Future Innovation Group's own Altman Z-Score has ranged from 1.72 to 4.89 over the past decade. While the company's 10-year median is 2.02 vs. the industry median of 3.60, Future Innovation Group 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.60, based on 2,464 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. Future Innovation Group's current Altman Z-Score of 4.89 is 36% 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 Future Innovation Group and its competitors. For the Hardware industry, the median Altman Z-Score is 3.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Future Innovation Group's current Altman Z-Score is 4.89, which is 142% above median its own 10-year median of 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future Innovation Group stock overvalued right now?
Based on GuruFocus' analysis, Future Innovation Group (FSE:4392) is currently considered Significantly Overvalued. The stock's GF Value™ is 円460.23, compared to a current price of 円1,628.00 — trading 253.7% above its estimated fair value. The current Altman Z-Score is 4.89, which is 142% above median its 10-year median of 2.02 and 36% above the Hardware industry median of 3.60. Future Innovation Group's overall GF Score™ is 54/100 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 Future Innovation Group (FSE:4392), the current Altman Z-Score is 4.89 as of Jul. 12, 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 Future Innovation Group (FSE:4392) Overvalued in 2026?
Based on GuruFocus' analysis, Future Innovation Group stock appears to be overvalued.
The current stock price of 円1,628.00 is trading 253.7% above its estimated GF Value™ of 円460.23.
GuruFocus considers Future Innovation Group to be Significantly Overvalued.
Key valuation signals for FSE:4392:
Altman Z-Score: 4.89 (142% above median its 10-year median of 2.02)
GF Value™: 円460.23 vs. price of 円1,628.00 (253.7% above fair value)
Industry Position: 36% above the Hardware median (#903 of 2464)
No single metric tells the full story. See the FSE:4392 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Future Innovation Group Inc is engaged in the sale and development of a mobile management system, accompanied by the communication, application services, and maintenance support. The company is also engaged in the management of business subsidiaries and all incidentals or any businesses related to sale and manufacturing of automobile mounting related equipment and manufacturing of molds for the semiconductor.
54GF Score
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