KeePer Technical Laboratory Co (NGO:6036) Altman Z-Score: 9.51 (As of Jul. 06, 2026) — 10% Below Median


NGO:6036 KeePer Technical Laboratory Co Ltd NGO:6036
75 GF Score
Price 円2,570.00
GF Value 円4,888.03
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is KeePer Technical Laboratory Co Altman Z-Score?

KeePer Technical Laboratory Co NGO:6036 75 Altman Z-Score is 9.51 as of Jul. 06, 2026, which is 10% below its 10-year median of 10.54. GuruFocus rates NGO:6036 with a GF Score™ of 75/100 and a GF Value™ of 円4,888.03 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,561 Chemicals companies, KeePer Technical Laboratory Co ranks better than 83.98% 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 8.5 is strong.

KeePer Technical Laboratory Co has a Altman Z-Score of 9.51, 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 KeePer Technical Laboratory Co's Altman Z-Score or its related term are showing as below:

NGO:6036' s Altman Z-Score Range Over the Past 10 Years
Min: 5.35   Med: 10.54   Max: 31.6
Current: 8.5

During the past 12 years, KeePer Technical Laboratory Co's highest Altman Z-Score was 31.60. The lowest was 5.35. And the median was 10.54.


KeePer Technical Laboratory Co  (NGO:6036) 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.


KeePer Technical Laboratory Co Altman Z-Score Related Terms


KeePer Technical Laboratory Co Altman Z-Score Historical Data

* Premium members only.

The historical data trend for KeePer Technical Laboratory 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.

KeePer Technical Laboratory Co Altman Z-Score Chart

KeePer Technical Laboratory Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.43 18.70 23.98 17.40 11.61

KeePer Technical Laboratory Co 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 12.99 11.61 10.62 9.79 0.00

NGO:6036 vs LIN, SHW, ECL: Altman Z-Score Comparison

For the Specialty Chemicals subindustry, KeePer Technical Laboratory 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.


KeePer Technical Laboratory Co Altman Z-Score vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, KeePer Technical Laboratory Co's Altman Z-Score distribution charts can be found below:

* The bar in red indicates where KeePer Technical Laboratory Co's Altman Z-Score falls into.


NGO:6036
75GF Score
KeePer Technical Laboratory Co Ltd NGO:6036
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KeePer Technical Laboratory Co 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.

KeePer Technical Laboratory 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*0.3922+1.4*0.7416+3.3*0.4012+0.6*9.8731+1.0*0.7527
=9.51

* 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 Dec. 2025:
Total Assets was 円32,024 Mil.
Total Current Assets was 円17,794 Mil.
Total Current Liabilities was 円5,235 Mil.
Retained Earnings was 円23,750 Mil.
Pre-Tax Income was 609.391 + 9092.93 + 1351.337 + 1774.499 = 円12,828 Mil.
Interest Expense was -4.387 + -4.407 + -4.837 + -5.806 = 円-19 Mil.
Revenue was 5314.908 + 7164.085 + 5774.257 + 5851.29 = 円24,105 Mil.
Market Cap (Today) was 円79,308 Mil.
Total Liabilities was 円8,033 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
=(17793.969 - 5234.585)/32024.167
=0.3922

X2=Retained Earnings/Total Assets
=23749.948/32024.167
=0.7416

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(12828.157 - -19.437)/32024.167
=0.4012

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=79307.977/8032.695
=9.8731

X5=Revenue/Total Assets
=24104.54/32024.167
=0.7527

The zones of discrimination were as such:

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

KeePer Technical Laboratory Co has a Altman Z-Score of 9.51 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 9.51 mean?
KeePer Technical Laboratory Co (NGO:6036) has a Altman Z-Score of 9.51 as of Jul. 06, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on KeePer Technical Laboratory Co and its competitors. This is 10% below median its historical median of 10.54. Over the past decade, KeePer Technical Laboratory Co's Altman Z-Score has ranged from 5.35 to 31.60. According to the industry distribution chart, KeePer Technical Laboratory Co ranks #250 out of 1561 companies in the Chemicals industry, placing it in the top 16%.
Is KeePer Technical Laboratory Co's Altman Z-Score too high?
KeePer Technical Laboratory Co's current Altman Z-Score of 9.51 is 10% below median its 10-year median of 10.54. Over the past 10 years, this metric has ranged from a low of 5.35 to a high of 31.60. The Chemicals industry median Altman Z-Score is 3.18. KeePer Technical Laboratory Co's value of 9.51 is 199.1% above this industry median. Based on the distribution chart, KeePer Technical Laboratory Co ranks #250 out of 1561 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, KeePer Technical Laboratory Co has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does KeePer Technical Laboratory Co's Altman Z-Score compare to LIN and SHW?
According to the Chemicals industry distribution chart, KeePer Technical Laboratory Co ranks #250 out of 1561 companies for Altman Z-Score. This places KeePer Technical Laboratory Co in the top 16% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 3.18. KeePer Technical Laboratory Co's value of 9.51 is 199.1% above this benchmark. Historically, KeePer Technical Laboratory Co's own Altman Z-Score has ranged from 5.35 to 31.60 over the past decade. While the company's 10-year median is 10.54 vs. the industry median of 3.18, KeePer Technical Laboratory 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 Chemicals company?
The median Altman Z-Score among Chemicals companies is 3.18, based on 1,561 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. KeePer Technical Laboratory Co's current Altman Z-Score of 9.51 is 199.1% 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 KeePer Technical Laboratory Co and its competitors. For the Chemicals industry, the median Altman Z-Score is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KeePer Technical Laboratory Co's current Altman Z-Score is 9.51, which is 10% below median its own 10-year median of 10.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KeePer Technical Laboratory Co stock overvalued right now?
Based on GuruFocus' analysis, KeePer Technical Laboratory Co (NGO:6036) is currently considered Possible Value Trap. The stock's GF Value™ is 円4,888.03, compared to a current price of 円2,570.00 — trading 47.4% below its estimated fair value. The current Altman Z-Score is 9.51, which is 10% below median its 10-year median of 10.54 and 199.1% above the Chemicals industry median of 3.18. KeePer Technical Laboratory Co's overall GF Score™ is 75/100 with 5 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 KeePer Technical Laboratory Co (NGO:6036), the current Altman Z-Score is 9.51 as of Jul. 06, 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 KeePer Technical Laboratory Co (NGO:6036) Overvalued in 2026?

Based on GuruFocus' analysis, KeePer Technical Laboratory Co stock appears to be undervalued. The current stock price of 円2,570.00 is trading 47.4% below its estimated GF Value™ of 円4,888.03. GuruFocus considers KeePer Technical Laboratory Co to be Possible Value Trap.

Key valuation signals for NGO:6036:

  • Altman Z-Score: 9.51 (10% below median its 10-year median of 10.54)
  • GF Value™: 円4,888.03 vs. price of 円2,570.00 (47.4% below fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 199.1% above the Chemicals median (#250 of 1561)

No single metric tells the full story. See the NGO:6036 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KeePer Technical Laboratory Co Business Description

Other Exchanges 6036:Japan
Address 4-17, Yoshikawa-cho, Obu-shi, Aichi Prefecture, Obu, JPN, 474-0046
KeePer Technical Laboratory Co Ltd engages in the development, manufacture and sale of car coating products. The firm provides chemicals and equipment for car coating and operates car coating shop. It engages in development of "Keeper PROSHOP" certified car coating technology shops and management of "Keeper LABO" car coating and car wash specialty shops.
75GF Score

Get the complete analysis for NGO:6036

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

円2,570.00
Price
円4,888.03
GF Value