RYYRF (Ryoyo Ryosan Holdings) Altman Z-Score: 3.02 (As of Jul. 15, 2026) — 24% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

RYYRF Ryoyo Ryosan Holdings Inc RYYRF
76 GF Score
Price $11.00
GF Value $13.43
! 5 Warning Signs
View Full Analysis

What is Ryoyo Ryosan Holdings Altman Z-Score?

Ryoyo Ryosan Holdings RYYRF 76 Altman Z-Score is 3.02 as of Jul. 15, 2026, which is 24% below its 10-year median of 3.97. GuruFocus rates RYYRF with a GF Score™ of 76/100 and a GF Value™ of $13.43. The stock has 5 warning signs investors should review. Among 2,462 Hardware companies, Ryoyo Ryosan Holdings ranks worse than 59.26% 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 2.96 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

Ryoyo Ryosan Holdings has a Altman Z-Score of 3.02, 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 Ryoyo Ryosan Holdings's Altman Z-Score or its related term are showing as below:

RYYRF' s Altman Z-Score Range Over the Past 10 Years
Min: 2.96   Med: 3.97   Max: 4.58
Current: 2.96

During the past 13 years, Ryoyo Ryosan Holdings's highest Altman Z-Score was 4.58. The lowest was 2.96. And the median was 3.97.


Ryoyo Ryosan Holdings  (OTCPK:RYYRF) 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.


Ryoyo Ryosan Holdings Altman Z-Score Related Terms


Ryoyo Ryosan Holdings Altman Z-Score Historical Data

* Premium members only.

The historical data trend for Ryoyo Ryosan 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.

Ryoyo Ryosan Holdings Altman Z-Score Chart

Ryoyo Ryosan Holdings Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Mar25 Mar26
Altman Z-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.67 3.28 3.37 3.15 3.00

Ryoyo Ryosan Holdings Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 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 3.15 3.24 3.25 3.10 3.00

RYYRF vs SNX, ARW, AVT: Altman Z-Score Comparison

For the Electronics & Computer Distribution subindustry, Ryoyo Ryosan 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.


Ryoyo Ryosan Holdings Altman Z-Score vs Hardware Industry

For the Hardware industry and Technology sector, Ryoyo Ryosan Holdings's Altman Z-Score distribution charts can be found below:

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


RYYRF
76GF Score
Ryoyo Ryosan Holdings Inc RYYRF
Altman Z-Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ryoyo Ryosan 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.

Ryoyo Ryosan 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*0.4426+1.4*0.1692+3.3*0.0518+0.6*0.961+1.0*1.4998
=3.02

* 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 $1,581 Mil.
Total Current Assets was $1,352 Mil.
Total Current Liabilities was $653 Mil.
Retained Earnings was $267 Mil.
Pre-Tax Income was 19.744 + 17.439 + 13.715 + 23.338 = $74 Mil.
Interest Expense was -1.374 + -1.732 + -2.354 + -2.18 = $-8 Mil.
Revenue was 634.915 + 557.669 + 608.124 + 569.823 = $2,371 Mil.
Market Cap (Today) was $690 Mil.
Total Liabilities was $718 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
=(1352.221 - 652.617)/1580.55
=0.4426

X2=Retained Earnings/Total Assets
=267.408/1580.55
=0.1692

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(74.236 - -7.64)/1580.55
=0.0518

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=689.831/717.86
=0.961

X5=Revenue/Total Assets
=2370.531/1580.55
=1.4998

The zones of discrimination were as such:

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

Ryoyo Ryosan Holdings has a Altman Z-Score of 3.02 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 3.02 mean?
Ryoyo Ryosan Holdings (RYYRF) has a Altman Z-Score of 3.02 as of Jul. 15, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Ryoyo Ryosan Holdings and its competitors. This is 24% below median its historical median of 3.97. Over the past decade, Ryoyo Ryosan Holdings' Altman Z-Score has ranged from 2.96 to 4.58. According to the industry distribution chart, Ryoyo Ryosan Holdings ranks #1459 out of 2462 companies in the Hardware industry, placing it in the top 59.3%.
Is Ryoyo Ryosan Holdings' Altman Z-Score too high?
Ryoyo Ryosan Holdings' current Altman Z-Score of 3.02 is 24% below median its 10-year median of 3.97. Over the past 10 years, this metric has ranged from a low of 2.96 to a high of 4.58. The Hardware industry median Altman Z-Score is 3.56. Ryoyo Ryosan Holdings' value of 3.02 is 15.2% below this industry median. Based on the distribution chart, Ryoyo Ryosan Holdings ranks #1459 out of 2462 companies in the Hardware industry, which is below the industry midpoint. Overall, Ryoyo Ryosan Holdings has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Ryoyo Ryosan Holdings' Altman Z-Score compare to SNX and ARW?
According to the Hardware industry distribution chart, Ryoyo Ryosan Holdings ranks #1459 out of 2462 companies for Altman Z-Score. This places Ryoyo Ryosan Holdings in the lower half of its industry. The industry median Altman Z-Score is 3.56. Ryoyo Ryosan Holdings' value of 3.02 is 15.2% below this benchmark. Historically, Ryoyo Ryosan Holdings' own Altman Z-Score has ranged from 2.96 to 4.58 over the past decade. While the company's 10-year median is 3.97 vs. the industry median of 3.56, Ryoyo Ryosan 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 Hardware company?
The median Altman Z-Score among Hardware companies is 3.56, based on 2,462 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. Ryoyo Ryosan Holdings's current Altman Z-Score of 3.02 is 15.2% 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 Ryoyo Ryosan Holdings and its competitors. For the Hardware industry, the median Altman Z-Score is 3.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ryoyo Ryosan Holdings's current Altman Z-Score is 3.02, which is 24% below median its own 10-year median of 3.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ryoyo Ryosan Holdings stock overvalued right now?
Ryoyo Ryosan Holdings (RYYRF) has a current Altman Z-Score of 3.02. The stock's GF Value™ is $13.43, compared to a current price of $11.00 — trading 18.1% below its estimated fair value. The current Altman Z-Score is 3.02, which is 24% below median its 10-year median of 3.97 and 15.2% below the Hardware industry median of 3.56. Ryoyo Ryosan Holdings' overall GF Score™ is 76/100 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 Ryoyo Ryosan Holdings (RYYRF), the current Altman Z-Score is 3.02 as of Jul. 15, 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 Ryoyo Ryosan Holdings (RYYRF) Overvalued in 2026?

Based on GuruFocus' analysis, Ryoyo Ryosan Holdings stock appears to be undervalued. The current stock price of $11.00 is trading 18.1% below its estimated GF Value™ of $13.43.

Key valuation signals for RYYRF:

  • Altman Z-Score: 3.02 (24% below median its 10-year median of 3.97)
  • GF Value™: $13.43 vs. price of $11.00 (18.1% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 15.2% below the Hardware median (#1459 of 2462)

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


Ryoyo Ryosan Holdings Business Description

Other Exchanges 167A:Japan
Address 2-3-5, Higashi-Kanda, Chiyoda-ku, Chuo-ku, Tokyo, JPN, 101-0031
Ryoyo Ryosan Holdings Inc is an electronics trading company operating in the devices and ICT field as its operating domains. It is involved in the distribution of semiconductors, memory systems, display devices and components, and IT equipment. Additionally, the group also operates an IT solutions business offering comprehensive support from semiconductor devices to networks, cloud computing, servers, IoT, and operation and maintenance services, among others. The group's reportable segments are: Device business, which generates the maximum revenue, and the Solutions business.
76GF Score

Get the complete analysis for RYYRF

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

$11.00
Price
$13.43
GF Value