Sanix Holdings (FSE:4651) Altman Z-Score: 1.63 (As of Jul. 03, 2026) — Near Median


FSE:4651 Sanix Holdings Inc FSE:4651
62 GF Score
Price 円336.00
GF Value 円398.40
! 6 Warning Signs
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What is Sanix Holdings Altman Z-Score?

Sanix Holdings FSE:4651 62 Altman Z-Score is 1.63 as of Jul. 03, 2026, which is 6% above its 10-year median of 1.54. GuruFocus rates FSE:4651 with a GF Score™ of 62/100 and a GF Value™ of 円398.40. The stock has 6 warning signs investors should review. Among 547 Conglomerates companies, Sanix Holdings ranks worse than 61.79% 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 1.62 is in distress zone. This implies bankruptcy possibility in the next two years.

Sanix Holdings has a Altman Z-Score of 1.63, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.

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 Sanix Holdings's Altman Z-Score or its related term are showing as below:

FSE:4651' s Altman Z-Score Range Over the Past 10 Years
Min: 0.86   Med: 1.54   Max: 1.88
Current: 1.62

During the past 13 years, Sanix Holdings's highest Altman Z-Score was 1.88. The lowest was 0.86. And the median was 1.54.


Sanix Holdings  (FSE:4651) 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.


Sanix Holdings Altman Z-Score Related Terms


Sanix Holdings Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Sanix Holdings'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.

Sanix Holdings Altman Z-Score Chart

Sanix Holdings 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 0.86 1.48 1.74 1.88 1.60

Sanix Holdings 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 1.88 1.69 1.71 1.61 1.60

FSE:4651 vs HON, MMM: Altman Z-Score Comparison

For the Conglomerates subindustry, Sanix Holdings'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.


Sanix Holdings Altman Z-Score vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Sanix Holdings's Altman Z-Score distribution charts can be found below:

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


FSE:4651
62GF Score
Sanix Holdings Inc FSE:4651
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Sanix Holdings 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.

Sanix Holdings'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*-0.0819+1.4*0.1942+3.3*0.0273+0.6*0.3855+1.0*1.1316
=1.63

* 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 円40,024 Mil.
Total Current Assets was 円15,102 Mil.
Total Current Liabilities was 円18,380 Mil.
Retained Earnings was 円7,772 Mil.
Pre-Tax Income was 772 + 363 + 195 + -539 = 円791 Mil.
Interest Expense was -78 + -80 + -79 + -66 = 円-303 Mil.
Revenue was 12541 + 11248 + 10971 + 10531 = 円45,291 Mil.
Market Cap (Today) was 円11,186 Mil.
Total Liabilities was 円29,019 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
=(15102 - 18380)/40024
=-0.0819

X2=Retained Earnings/Total Assets
=7772/40024
=0.1942

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(791 - -303)/40024
=0.0273

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=11186.093/29019
=0.3855

X5=Revenue/Total Assets
=45291/40024
=1.1316

The zones of discrimination were as such:

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

Sanix Holdings has a Altman Z-Score of 1.63 indicating it is in Distress 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 1.63 mean?
Sanix Holdings (FSE:4651) has a Altman Z-Score of 1.63 as of Jul. 03, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Sanix Holdings and its competitors. This is near median its historical median of 1.54. Over the past decade, Sanix Holdings' Altman Z-Score has ranged from 0.86 to 1.88. According to the industry distribution chart, Sanix Holdings ranks #338 out of 547 companies in the Conglomerates industry, placing it in the top 61.8%.
Is Sanix Holdings' Altman Z-Score too high?
Sanix Holdings' current Altman Z-Score of 1.63 is near median its 10-year median of 1.54. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 1.88. The Conglomerates industry median Altman Z-Score is 2.07. Sanix Holdings' value of 1.63 is 21.3% below this industry median. Based on the distribution chart, Sanix Holdings ranks #338 out of 547 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Sanix Holdings has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Sanix Holdings' Altman Z-Score compare to HON and MMM?
According to the Conglomerates industry distribution chart, Sanix Holdings ranks #338 out of 547 companies for Altman Z-Score. This places Sanix Holdings in the lower half of its industry. The industry median Altman Z-Score is 2.07. Sanix Holdings' value of 1.63 is 21.3% below this benchmark. Historically, Sanix Holdings' own Altman Z-Score has ranged from 0.86 to 1.88 over the past decade. While the company's 10-year median is 1.54 vs. the industry median of 2.07, Sanix Holdings 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 Conglomerates company?
The median Altman Z-Score among Conglomerates companies is 2.07, based on 547 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. Sanix Holdings's current Altman Z-Score of 1.63 is 21.3% 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 Sanix Holdings and its competitors. For the Conglomerates industry, the median Altman Z-Score is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sanix Holdings's current Altman Z-Score is 1.63, which is near median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanix Holdings stock overvalued right now?
Sanix Holdings (FSE:4651) has a current Altman Z-Score of 1.63. The stock's GF Value™ is 円398.40, compared to a current price of 円336.00 — trading 15.7% below its estimated fair value. The current Altman Z-Score is 1.63, which is near median its 10-year median of 1.54 and 21.3% below the Conglomerates industry median of 2.07. Sanix Holdings' overall GF Score™ is 62/100 with 6 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 Sanix Holdings (FSE:4651), the current Altman Z-Score is 1.63 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 Sanix Holdings (FSE:4651) Overvalued in 2026?

Based on GuruFocus' analysis, Sanix Holdings stock appears to be undervalued. The current stock price of 円336.00 is trading 15.7% below its estimated GF Value™ of 円398.40.

Key valuation signals for FSE:4651:

  • Altman Z-Score: 1.63 (near median its 10-year median of 1.54)
  • GF Value™: 円398.40 vs. price of 円336.00 (15.7% below fair value)
  • GF Score™: 62/100 with 6 warning signs
  • Industry Position: 21.3% below the Conglomerates median (#338 of 547)

No single metric tells the full story. See the FSE:4651 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sanix Holdings Business Description

Other Exchanges 4651:Japan
Address 2-1-23, Hakataeki-Higashi, Hakata-ku, Fukuoka, JPN, 812-0013
Sanix Holdings Inc is working to create a comfortable hygienic environment around ordinary houses, buildings, condominiums, offices and restaurants, based on its mission Clean dirty areas and sanitize filthy. It is also been focusing on the energy business such as power generation using recycled plastic fuel, sales of photo voltaic system - a category-leader of renewable energy, and retail business of electric power.
62GF Score

Get the complete analysis for FSE:4651

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

円336.00
Price
円398.40
GF Value