Hamamatsu Photonics KKHPHTF 89 Altman Z-Score is 4.44 as of Jun. 24, 2026, which is 53% below its 10-year median of 9.43. GuruFocus rates HPHTF with a GF Score™ of 89/100 and a GF Value™ of $13.00 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 2,456 Hardware companies, Hamamatsu Photonics KK ranks better than 60.38% 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 4.45 is strong.
Hamamatsu Photonics KK has a Altman Z-Score of 4.44, 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 Hamamatsu Photonics KK's Altman Z-Score or its related term are showing as below:
HPHTF'
s Altman Z-Score Range Over the Past 10 Years
Min: 3.45 Med: 9.43 Max: 14.22
Current: 4.45
During the past 13 years, Hamamatsu Photonics KK's highest Altman Z-Score was 14.22. The lowest was 3.45. And the median was 9.43.
Hamamatsu Photonics KK (OTCPK:HPHTF) 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.
Hamamatsu Photonics KK Altman Z-Score Related Terms
Hamamatsu Photonics KK Altman Z-Score Historical Data
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The historical data trend for Hamamatsu Photonics KK'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.
For the Electronic Components subindustry, Hamamatsu Photonics KK'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.
Hamamatsu Photonics KK Altman Z-Score vs Hardware Industry
For the Hardware industry and Technology sector, Hamamatsu Photonics KK's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Hamamatsu Photonics KK'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.
* 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.
Hamamatsu Photonics KK (HPHTF) has a Altman Z-Score of 4.44 as of Jun. 24, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Hamamatsu Photonics KK and its competitors. This is 53% below median its historical median of 9.43. Over the past decade, Hamamatsu Photonics KK's Altman Z-Score has ranged from 3.45 to 14.22. According to the industry distribution chart, Hamamatsu Photonics KK ranks #973 out of 2456 companies in the Hardware industry, placing it in the top 39.6%.
Is Hamamatsu Photonics KK's Altman Z-Score too high?
Hamamatsu Photonics KK's current Altman Z-Score of 4.44 is 53% below median its 10-year median of 9.43. Over the past 10 years, this metric has ranged from a low of 3.45 to a high of 14.22. The Hardware industry median Altman Z-Score is 3.71. Hamamatsu Photonics KK's value of 4.44 is 19.7% above this industry median. Based on the distribution chart, Hamamatsu Photonics KK ranks #973 out of 2456 companies in the Hardware industry, which is above the industry midpoint. Overall, Hamamatsu Photonics KK has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hamamatsu Photonics KK's Altman Z-Score compare to APH and GLW?
According to the Hardware industry distribution chart, Hamamatsu Photonics KK ranks #973 out of 2456 companies for Altman Z-Score. This puts Hamamatsu Photonics KK in the upper half of its industry. The industry median Altman Z-Score is 3.71. Hamamatsu Photonics KK's value of 4.44 is 19.7% above this benchmark. Historically, Hamamatsu Photonics KK's own Altman Z-Score has ranged from 3.45 to 14.22 over the past decade. While the company's 10-year median is 9.43 vs. the industry median of 3.71, Hamamatsu Photonics KK 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 3.71, based on 2,456 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. Hamamatsu Photonics KK's current Altman Z-Score of 4.44 is 19.7% 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 Hamamatsu Photonics KK and its competitors. For the Hardware industry, the median Altman Z-Score is 3.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hamamatsu Photonics KK's current Altman Z-Score is 4.44, which is 53% below median its own 10-year median of 9.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hamamatsu Photonics KK stock overvalued right now?
Based on GuruFocus' analysis, Hamamatsu Photonics KK (HPHTF) is currently considered Modestly Overvalued. The stock's GF Value™ is $13.00, compared to a current price of $15.80 — trading 21.5% above its estimated fair value. The current Altman Z-Score is 4.44, which is 53% below median its 10-year median of 9.43 and 19.7% above the Hardware industry median of 3.71. Hamamatsu Photonics KK's overall GF Score™ is 89/100 with 9 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 Hamamatsu Photonics KK (HPHTF), the current Altman Z-Score is 4.44 as of Jun. 24, 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 Hamamatsu Photonics KK (HPHTF) Overvalued in 2026?
Based on GuruFocus' analysis, Hamamatsu Photonics KK stock appears to be overvalued.
The current stock price of $15.80 is trading 21.5% above its estimated GF Value™ of $13.00.
GuruFocus considers Hamamatsu Photonics KK to be Modestly Overvalued.
Key valuation signals for HPHTF:
Altman Z-Score: 4.44 (53% below median its 10-year median of 9.43)
GF Value™: $13.00 vs. price of $15.80 (21.5% above fair value)
Industry Position: 19.7% above the Hardware median (#973 of 2456)
No single metric tells the full story. See the HPHTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hamamatsu Photonics KK is a Japan-based company engaged in the development, manufacture, and sale of optical and electronic devices. The company operates through four reportable segments: Electron Tube, Optical Semiconductor, Imaging and Measuring Instruments, and Laser Businesses. Its products include photomultiplier tubes, optical semiconductor components, imaging and measuring instruments, and laser-related products.
89GF Score
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