Trial HoldingsTSE:141A -1.94%9 Altman Z-Score is 1.55 as of Jul. 11, 2026, which is 54% below its 10-year median of 3.40. GuruFocus rates TSE:141A with a GF Score™ of 9/100. The stock has 5 warning signs investors should review. Among 308 Retail - Defensive companies, Trial Holdings ranks worse than 89.94% 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 1.25 is in distress zone. This implies bankruptcy possibility in the next two years.
Trial Holdings has a Altman Z-Score of 1.55, 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 Trial Holdings's Altman Z-Score or its related term are showing as below:
TSE:141A'
s Altman Z-Score Range Over the Past 10 Years
Min: 1.1 Med: 3.4 Max: 4.61
Current: 1.25
During the past 5 years, Trial Holdings's highest Altman Z-Score was 4.61. The lowest was 1.10. And the median was 3.40.
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.
Trial Holdings Altman Z-Score Related Terms
Trial Holdings Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Trial 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.
TSE:141A vs WMT, COST, TGT: Altman Z-Score Comparison
For the Discount Stores subindustry, Trial 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.
Trial Holdings Altman Z-Score vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Trial Holdings's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Trial Holdings'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.
Trial 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
*
-0.5008
+
1.4
*
0.1094
+
3.3
*
0.0362
+
0.6
*
0.5729
+
1.0
*
1.5383
=
1.55
* 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.
Trial Holdings (TSE:141A) has a Altman Z-Score of 1.55 as of Jul. 11, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Trial Holdings and its competitors. This is 54% below median its historical median of 3.40. Over the past decade, Trial Holdings' Altman Z-Score has ranged from 1.10 to 4.61. According to the industry distribution chart, Trial Holdings ranks #277 out of 308 companies in the Retail - Defensive industry, placing it in the top 89.9%.
Is Trial Holdings' Altman Z-Score too high?
Trial Holdings' current Altman Z-Score of 1.55 is 54% below median its 10-year median of 3.40. Over the past 10 years, this metric has ranged from a low of 1.10 to a high of 4.61. The Retail - Defensive industry median Altman Z-Score is 3.57. Trial Holdings' value of 1.55 is 56.5% below this industry median. Based on the distribution chart, Trial Holdings ranks #277 out of 308 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Trial Holdings has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Trial Holdings' Altman Z-Score compare to WMT and COST?
According to the Retail - Defensive industry distribution chart, Trial Holdings ranks #277 out of 308 companies for Altman Z-Score. This places Trial Holdings in the lower half of its industry. The industry median Altman Z-Score is 3.57. Trial Holdings' value of 1.55 is 56.5% below this benchmark. Historically, Trial Holdings' own Altman Z-Score has ranged from 1.10 to 4.61 over the past decade. While the company's 10-year median is 3.40 vs. the industry median of 3.57, Trial 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 Retail - Defensive company?
The median Altman Z-Score among Retail - Defensive companies is 3.57, based on 308 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. Trial Holdings's current Altman Z-Score of 1.55 is 56.5% 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 Trial Holdings and its competitors. For the Retail - Defensive industry, the median Altman Z-Score is 3.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trial Holdings's current Altman Z-Score is 1.55, which is 54% below median its own 10-year median of 3.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trial Holdings stock overvalued right now?
Trial Holdings (TSE:141A) has a current Altman Z-Score of 1.55. The current Altman Z-Score is 1.55, which is 54% below median its 10-year median of 3.40 and 56.5% below the Retail - Defensive industry median of 3.57. Trial Holdings' overall GF Score™ is 9/100 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 Trial Holdings (TSE:141A), the current Altman Z-Score is 1.55 as of Jul. 11, 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.
Trial Holdings Inc is a holding company. Along with its subsidiaries, it operates in the following reportable segments: Retail Distribution Business and Retail AI Business. The majority of its revenue is generated from the Retail Distribution Business, which operates discount stores across Japan, ranging from small to large, along with medium-sized supercenters. The product lineup of the stores focuses on food (especially fresh foods), and non-food items include daily necessities and hard goods. The Retail AI Business segment is mainly involved in research and development aimed at transforming stores into smart stores, as well as the sale of products and the outsourcing of services related to smart stores. In addition, the group is involved in real estate and resort-related businesses.
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